The cryptocurrency market is giving mixed signals, with Bitcoin (BTC) and Ethereum (ETH) marginally down, while Ripple (XRP) and Dogecoin (DOGE) are in positive 0 lost momentum on Thursday and dipped below $122,000, falling to a low of $119,892 before recovering and moving to current 1 flagship cryptocurrency is marginally down over the past 24 hours, trading around $121,325. Meanwhile, ETH is down 0.50%, trading around $4,330. Ripple (XRP) has bucked the bearish trend, marginally up, trading around $2.81, while Solana (SOL) is down almost 1%, trading around $218. Dogecoin (DOGE) is up nearly 2%, while Cardano (ADA) is up almost 1%, trading around $0.813.
Chainlink (LINK) registered substantial bullish momentum over the past 24 hours, up 4%, while Stellar (XLM) rose over 2% to trade around $0.382. Hedera (HBAR) and Polkadot (DOT) have also registered notable increases, while Toncoin (TON) is down almost 1%, trading around $2.70. However, Litecoin (LTC) has been extremely bullish over the past 24 hours, and is up nearly 12% at $129. UK’s Biggest Investment Platform Issues Stark Bitcoin (BTC) Warning Hargreaves Lansdowne, the UK’s biggest retail investment platform, has issued a warning to investors hoping to take advantage of a relaxation in crypto rules, stating that cryptocurrencies should not be in your 2 UK recently lifted a longstanding ban on retail investors accessing crypto exchange-traded notes (ETNs).
ETNs are debt instruments linked to one or more specified 3 change led to a warning from Hargreaves Lansdowne, urging investors to be 4 investment platform criticized BTC, stating it was not an asset class and should not be included in portfolios. “The HL Investment view is that bitcoin is not an asset class, and we do not think cryptocurrency has characteristics that mean it should be included in portfolios for growth or income and shouldn’t be relied upon to help clients meet their financial 5 assumptions are not possible to analyze for crypto, and unlike other alternative asset classes, it has no intrinsic value.” The UK government lifted the ban on ETNs earlier this year, stating that the move would support growth and competitiveness within the UK crypto 6 crypto sector hailed the move as a breakthrough.
Vietnam, Tether May Collaborate To Promote Crypto Adoption Stablecoin giant Tether may collaborate with local Vietnamese enterprises to foster local crypto 7 Dal Lago, Tether Group’s vice president for global expansion and strategic partnerships, called Vietnam one of Tether’s most promising and strategic 8 highlighted Vietnam’s dynamic economy, remittance inflows, and young population during a conversation with Vietnam’s Deputy Prime Minister Ho Duc Phoc, stating, “Tether is willing to share its experience in building a legal framework for transactions to attract external resources and support the national economic growth.” Phoc stated that Vietnam is keen to create a professional platform for investors and attract financial 9 Deputy Prime Minister also discussed Vietnam’s experiments with crypto trading, allowing Vietnamese companies to issue tokens and sell them to foreign 10 stated, “Following the pilot phase, once stability is ensured, a comprehensive legal framework will be introduced to regulate the market.” Phoc stressed that despite the country’s approval of crypto trading, the sector has several risks.
“Therefore, Vietnam wants to learn from the experiences of other 11 will be a professional ‘playground’ for investors and people, and at the same time a channel to attract financial resources, contributing to the country’s economic development.” Roger Ver Reaches Agreement With DOJ Roger Ver has reached a deal with the Department of Justice (DOJ) to have his tax evasion case 12 was arrested in April 2024 and charged with mail fraud, tax evasion, and filing false tax 13 to sources familiar with the developments, Ver agreed to pay $48 million to end the tax fraud 14 was arrested in Spain after US authorities reached out to their Spanish 15 claimed that Ver sold Bitcoin in 2017, but failed to inform the IRS about the gains he made, causing a purported loss of $48 16 failed to report the gains even though the BTC was held by US corporations, which he was in charge 17 United States Department of Justice has not commented on the developments at the 18 is popularly called “Bitcoin Jesus” because he used to give away the cryptocurrency for free when it was worth next to 19 also heavily invested in some of the crypto industry’s earliest companies.
However, Ver abandoned Bitcoin and began promoting Bitcoin Cash, calling it the “real Bitcoin.” He also clashed with several Bitcoin maximalists for his aggressive marketing and positions on Bitcoin 20 renounced his US citizenship in 2014 and is a citizen of the tax haven 21 and 22 (BTC) Price Analysis Bitcoin (BTC) is marginally down during the ongoing session, trading around $121,522. The flagship cryptocurrency is struggling to gain momentum and has spent the week settling at lower 23 fell almost 3% on Tuesday before recovering on Wednesday and settling at $123,343. Selling pressure returned on Thursday as the price fell to an intraday low of $119,713.
However, it recovered to reclaim $120,000 and settle at $121,714, ultimately dropping 1.32%. Despite struggling after setting a new all-time high, analysts believe BTC could resume its bullish 24 to analysts, the flagship cryptocurrency is clear of overbought conditions and could track a steady path upwards, potentially setting another all-time 25 contributor Arab Chain stated that BTC’s new all-time high places it halfway through its four-year price cycle. “Bitcoin (BTC) hit a peak high of over $126,000 on Monday, which places it roughly halfway through its four-year price 26 this strong performance, technical indicators suggest the price is still moving within a stable range far from the overbought conditions that typically precede historical peaks.” The analyst stated that BTC is in a phase of balanced upward momentum, with its 30-day moving average sitting just under $116,000.
Bitcoin’s 30-day standard deviation was also on the lower side, indicating a reduction in volatility, a scenario that typically occurs before strong price 27 CryptoQuant contributor stated that BTC tends to reach its cycle peak around 600 days after halving 28 the pattern continues, BTC could be within the critical window that has previously led to bull market 29 indicators point to further strength after Bitcoin formed a double-bottom pattern on its daily 30 pattern is marked by two lows at roughly the same price between a sharp rally, and is generally viewed as a bullish signal. Meanwhile, Bitwise Chief Investment Officer Matt Hougan believes spot Bitcoin ETF inflows will surge during the fourth 31 stated that BTC’s surging price will drive spot Bitcoin ETF inflows to record levels in Q4, allowing ETFs to pull in a record-breaking amount in 32 Bitcoin ETFs have registered over $22.5 billion in inflows so far this year.
“Here’s a hot take: I’m not 33 where I sit, the stars are aligned for a very strong Q4 for flows — more than enough to push us to a new 34 it’s a bit counterintuitive, higher prices often spur greater demand for Bitcoin ETFs as the media, companies, and everyday investors pivot their attention to Bitcoin.” BTC started the previous weekend with a marginal drop on Saturday before rising by over 2% on Sunday and settling at $112,197. Buyers retained control on Monday as the price rose almost 2% to cross $114,000 and settle at $114,365. Despite the positive sentiment, BTC fell to a low of $112,695 on Tuesday. However, it recovered from this level to settle at $114,067, ultimately registering a marginal 35 sentiment returned on Wednesday as BTC rallied, rising over 4% to cross $118,000 and settle at $118,659.
Buyers retained control on Thursday as the price rose 1.65% to reclaim $120,000 and settle at $120,621. Bullish sentiment persisted on Friday despite volatility and selling 36 a result, BTC reached an intraday high of $123,996 before settling at $122,318.) Price Analysis Ethereum (ETH) is struggling to build momentum after Thursday’s correction and is down almost 1% during the ongoing 37 altcoin fell over 5% on Tuesday and settled at $4,451. It recovered on Wednesday, rising nearly 2% but was back in the red on Thursday, dropping to a low of $4,273 before settling at $4,368. According to analysts, ETH is testing a major support level as US spot Ethereum ETFs recorded their first net outflows in over a week, ending an eight-day inflow 38 the drop in prices, spot trading activity remains strong, recording over $40 billion in the past 24 hours.
Meanwhile, derivatives data showed a mixed 39 futures trading volumes rose 21% to $93.6 billion, while open interest fell 0.82% to $59 billion, indicating traders are taking profits but keeping positions 40 Ethereum ETFs registered their first outflows in over a week with $8.54 million in outflows on October 9. However, BlackRock’s ETHA ETF still posted $39 million in inflows. However, major withdrawals from Fidelity and Bitwise put the overall total in negative 41 outflows came as investors rotated capital back to 42 a result, Bitcoin ETFs registered $198 million in inflows on the same day. However, Ethereum ETFs have registered strong institutional interest, recording over $1.3 billion in net inflows during the first week of 43 believe ETH’s current setup points to consolidation as opposed to a 44 RSI is close to neutral levels while the MACD remains positive.
However, one cause for alarm is a record $10 billion worth of ETH queued in Ethereum’s validator exit queue, as stakers look to withdraw their funds from the 45 looking to exit the network are facing an average wait time of 42 46 started the previous weekend in the red, registering a marginal decline on 47 action turned bullish on Sunday as ETH rose over 3% and settled at $4,144. Buyers retained control on Monday as the price rose nearly 2% and settled at $4,217. Despite the positive sentiment, ETH was back in the red on Tuesday, dropping almost 2% to $4,145. Bullish sentiment returned on Wednesday as the price rose 4.92% to cross $4,300 and settle at $4,349.
Buyers retained control on Thursday as ETH rose over 3% to $4,486. The price faced volatility on Friday as buyers and sellers struggled to establish 48 ultimately gained the upper hand as ETH rose $0.56% to reclaim $4,500 and settle at $4,512.) Price Analysis Solana (SOL) is struggling to stay above $220, with the price marginally down during the ongoing 49 altcoin dropped substantially on Tuesday, falling to $220. However, it recovered on Wednesday, rising over 4% and settling at $229. Selling pressure returned on Thursday as SOL fell over 3% to a low of $217, before settling at $221.
While SOL’s price is struggling thanks to the downturn in the broader market, it has consolidated around the $220 mark. Meanwhile, Solana’s ecosystem is going from strength to strength and showing impressive 50 to data from Token Terminal, the total value locked (TVL) on Solana has crossed $42 51 jump in TVL is largely driven by Circle, which is minting USDC on the network. On-chain data has revealed that 50% of all USDC transfers are happening on 52 network’s rising TVL highlights the growing adoption of applications being built on the 53 are also waiting for the SEC’s decision on Solana ETF applications. A decision is expected to be made on October 54 started the previous weekend in the red, registering a drop of almost 1%.
However, it recovered on Sunday, rising 3.58% to settle at $210. Buyers retained control on Monday despite selling pressure as SOL rose 0.92% to $212. Despite the positive sentiment, SOL lost momentum on Tuesday, dropping over 2% to a low of $204, before settling at $208. Bullish sentiment returned on Wednesday as the price rallied, rising over 6% to reclaim $220 and settle at $222.
Buyers retained control on Thursday as SOL rose nearly 6% to cross $230 and settled at $234.) Price Analysis Celestia (TIA) started the previous week in bearish territory, dropping 0.92% on 55 retained control on Tuesday as the price fell 1.97% to a low of $1.342 before settling at $1.379. Despite the overwhelming selling pressure, TIA recovered on Wednesday, rising 5.49% and settling at $1.454. The price continued pushing higher on Thursday and settled at $1.503. TIA faced volatility and selling pressure on Friday as buyers and sellers struggled to establish 56 ultimately gained the upper hand as the price registered a marginal increase.) Price Analysis Uniswap (UNI) started the previous week with a marginal increase before falling 1.81% on Tuesday and settling at $7.62.
The price recovered on Wednesday, rising almost 6% to cross $8 and settle at $8.06. Buyers retained control on Thursday as UNI rose 3.67% and settled at $8.35. Despite the positive sentiment, UNI was back in the red on Friday, dropping 2.31% to $8.16.
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