CryptocurrencyMarket

Amid ongoing geopolitical tensions, the #cryptocurrencymarket has recorded a significant correction in valuation this week. Moreover, top tokens have experienced a pullback toward their important support levels, indicating increased #BEARISH📉 sentiment in the crypto space.
Following this, Solana price has experienced a similar price action by facing a strong rejection at its resistance level of $155. Reportedly, this is the 3rd such recorded rejection within a span of 42 days. Will SOL price make a comeback this Uptober or will retest its crucial support level again?
$SOL
Price Fails To Break Its Crucial Resistance Zone:
The Solana price has dropped 1.73% in the past 24 hours with a trading volume of $2.78 billion. Moreover, it has plunged over 11.86% over the past week. This indicates an increase in the bearish sentiment in the crypto space.

TradingView: #SOL/USDT
Notably, the 5th largest cryptocurrency by market cap has repeatedly faced rejection around the psychological resistance level of $155 since August. This highlights a strong liquidation point for the crypto project around that level. With a trading value of $139.27, it is on the path of potentially retesting its crucial support trendline.
Solana Crypto Technical Sentiments
The Moving Average Convergence Divergence (#MACD ) displays a rising red histogram with its averages showing a bearish convergence in the 1D time frame. This suggests a negative outlook for the altcoin this week.
Further, the EMA 50/200-day shows a high possibility of a Death Cross in the SOL price chart, highlighting a weak buying-over-selling pressure for it in the market.
Will SOL Price Go Up In 2024?
If the cryptocurrency market experiences a bullish reversal, the Solana crypto could retest its resistance level of $155 during the upcoming week. Moreover, if the market favors the bulls, in that case, it could prepare to head toward its crucial resistance zone above the $181 mark.
Conversely, if the bears continue dominating the crypto space, this could result in the price of the SOL token plunging toward its crucial support trendline of $127 this month.
Concerned about your Solana’s returns in the future? Read our Solana Price Prediction to uncover the future mysteries!
#BinanceLaunchpoolHMSTR

The #cryptocurrencymarket is maintaining a bullish trend, with bitcoin setting higher highs while leading altcoins like Ethereum ($ETH
) and Tron ($TRX
) are capitalizing on it. Ethereum is now making a fresh attempt to reach the long-lost $3000 level after registering over 5% gains today and is trading at $2950.

Notably, the market-wide uptrend has continued for four consecutive days and market sentiment is now at a “greed” level. However, #JustinSun , founder of blockchain network Tron, believes there is more room for further upside.

It's not time to sell, keep buying and building

In a recent tweet, Sun expressed optimism about the current state of the crypto market, especially with regards to Ethereum.

Citing improvements in macroeconomic policy, Sun expressed confidence that the market's outlook is improving, suggesting that now is the ideal time for investors to focus on “accumulating and building” rather than selling off assets.

For context, the crypto industry is expecting the emergence of a transparent and favorable crypto policy now that the crypto-friendly Donald Trump has been elected President of the United States. Crypto Basic recently drew attention to Trump's seven major campaign promises.

Trump promised to remove SEC Chairman Gary Jensler, whose tough stance on cryptocurrencies has drawn criticism. He also proposed the creation of a National Bitcoin Reserve, suggesting that bitcoin could be used to reduce the U.S. national debt. To further boost the cryptocurrency sector, Trump promised to make the US the crypto capital of the world with pro-business regulation.

He also pledged to introduce clear, fair cryptocurrency regulations and create a cryptocurrency advisory board to guide policy. Another key promise is to protect the right to self-storage, allowing Americans to control their crypto assets without third-party platforms.

Finally, Trump expressed his opposition to central bank digital currencies (CBDCs), promising to block their development to protect financial privacy.

These promises signal potential major changes in the U.S. crypto industry once Trump takes office on January 20, 2025.
#EthereumRally

According to the researchers of the analytical company 10x Research, led by expert Markus Thielen, the #cryptocurrencymarket shows signs of continuing the upward trend. Analysts emphasize the importance of a competent choice of digital assets. In their opinion, the last week was a vivid example of how quickly investor sentiment can change. Specialists singled out several key “winners” among altcoins: pairs with Solana tokens, including JTO-USDT and JUP-USDT, for 7 days showed growth of 24% and 16% respectively, remaining on par with SOL-USDT.

Ethereum cryptocurrency also surprised with a 17% increase in quotations, however $ENA
, paired with USDT, significantly outperformed its competitors, showing a 37% rate increase. Experts note that this emphasizes the need to focus on assets with strong fundamentals and avoid coins and tokens that failed to show an increase of 10% this week.

Supporting such cryptocurrencies requires consideration of technical factors and capital flow. For example, a successful strategy suggested by experts included a long position on $JTO
with a 24% gain against a short position on $TON
, which added just 1.6%, would provide a paired trade return of 22%.

"Intense speculation is unevenly distributing gains across the market. This is a signal that the buy-it-all approach is losing relevance and selecting the best assets is coming to the forefront. Maintaining data awareness and studying new trends will help identify the potential for further gains,” experts said.

Investors continue to follow cryptocurrencies with high dynamics. The fact is that today's growth may turn out to be just the beginning of a new phase of the bull cycle. That said, clear catalysts are still needed to sustain the current momentum and bring additional profits.
#AltCoinSeason

Historically, the fourth quarter often benefits investors in the #cryptocurrencymarket . At the beginning of the month, the big players - the whales - open strategic positions with their sights set on high profits

Large holders, aka whales, are keeping a close eye on assets with high growth potential. BeInCrypto's editorial team analyzed onchain statistics and identified the altcoins that crypto whales are betting on this month. This information will help retail investors who are keeping an eye on where the smart money is flowing.

Maker (MKR)

$MKR
, the management token of the Maker protocol, tops this list of tokens of interest to cryptokits in November.

According to IntoTheBlock, net inflows from large holders, have been on the rise since late October. This indicator measures the difference between assets bought and sold. Its rise means that cryptokits are buying more than they are selling.

In the last week of October, whales bought 5,575 tokens, increasing their investment in the asset.

If they keep buying this month, the altcoin's price could soar above $1,284.

Ripple (XRP)

Another token that cryptokites are actively buying up is $XRP
, the main token of blockchain payment system project Ripple. In October, the price of XRP fell 12% as whales took their time to
to accumulate tokens.
But the situation changed on October 31. According to data from Santiment, crypto-kits have purchased about 2 billion XRP for amounts of more than $1 billion at the current exchange rate

If the hoarding continues, XRP could recover some of its recent losses. However, if the whales stop buying at the beginning of the month, the forecast will fail.

Earlier, experts revealed what will happen to Ripple (XRP) in November.

Pepe (PEPE)

Pepe is another cryptocurrency that whales are betting on after a disappointing October, when hype around other memcoins diverted investors' attention away from $PEPE
.

Last week saw a marked increase in net inflows from large holders, indicating their confidence in PEPE's future.

If the situation remains the same, the price of PEPE could rise above $0.0000092.
#EthereumWhitepaper

BNB Price Plummets: Down 4.89% in 24Hours
As of March 29, 2025, 11:45 AM UTC, Binance market data reveals that BNB has slipped below the 600 USDT mark, currently trading at 599.919983 USDT. This represents a significant 4.89% decline over the past 24 hours.
#BNBPriceDrop #CryptocurrencyMarket #BinanceCoin #CryptoNews

$BTC $ETH $BNB

The latest decisions by the U.S. Federal Reserve (Fed) pose serious challenges to the development of the cryptocurrency market in 2025. Despite the third interest rate cut of the year, which lowered rates to 4.25–4.5% annually on December 18, the regulator's overall stance remains stricter than experts had anticipated, largely due to its cautious outlook on inflation. According to an analytical review by Catarina Saraiva, only two rate cuts are expected next year, reflecting the Fed's conservative approach to monetary policy.
Adding to these challenges is the projected growth of the Personal Consumption Expenditures (PCE) inflation index and core PCE inflation. The Financial Times notes that the Fed's tightening policy is driven by heightened attention to inflation risks and a commitment to ensuring the stability of the U.S. economy. Stock markets reacted immediately, with the Dow Jones, S&P 500, and Nasdaq indices dropping by 0.38%, 0.56%, and 0.64%, respectively.
The cryptocurrency market also faced significant pressure, with the total capitalization of digital assets declining by 4.62% to $3.48 trillion. According to Reuters, the combination of moderate rate cuts and the Fed's hawkish rhetoric could lead to prolonged market instability. Analysts at BloomingBit are warning investors to brace for heightened volatility and an extended period of uncertainty, underscoring the Fed's monetary policy as a central influence on market trends.

#CryptocurrencyMarket #FederalReserve #MarketVolatility #DigitalAssets #InflationRisks

Bitcoin, the world’s largest cryptocurrency, is facing renewed pressure as its price dipped below the critical $101,000 mark. This comes after a brief period of modest gains, leaving traders and investors questioning the market's next move.
Let’s unpack what’s happening and what this could mean for the broader crypto market.
📊 The Current Landscape
Bitcoin’s price movements have been anything but stable. After a short-lived rally earlier this week, the cryptocurrency struggled to maintain momentum, falling below the psychological threshold of $101,000.
Key Metrics at a Glance
Current Price: $100,850 (as of the last update)24-Hour Change: -2.3%Market Cap: $1.95 trillionTrading Volume: Up by 8% over the past 24 hours


🔍 What’s Driving the Decline?
Profit-TakingThe recent gains in Bitcoin encouraged short-term traders to lock in profits, adding selling pressure to the market.Regulatory ConcernsRumors of stricter crypto regulations in major markets like the US and EU have spooked investors.Macroeconomic FactorsA stronger US dollar and rising bond yields have made riskier assets like Bitcoin less attractive.Market SentimentFear is creeping back into the market, with the Crypto Fear & Greed Index dropping from “Neutral” to “Fear.”
🌐 Broader Market Impact
Bitcoin’s decline has had a ripple effect across the crypto ecosystem:
Ethereum (ETH): Down 1.8%, trading at $5,200.Solana (SOL): Lost 3.2%, now at $230.Ripple (XRP): Slightly resilient, down only 0.9%.
Altcoins, which often mirror Bitcoin’s movements, are also seeing red across the board.
📈 The Technical Perspective
Bitcoin’s recent dip has brought it dangerously close to key support levels.
Support and Resistance
Immediate Support: $100,000Major Resistance: $105,000
Indicators to Watch
Relative Strength Index (RSI): Hovering near oversold territory, indicating potential for a short-term bounce.Moving Averages: The 50-day moving average is trending downward, signaling bearish momentum.
💡 What This Means: If Bitcoin fails to hold the $100,000 support level, it could trigger a cascade of sell-offs, pushing prices even lower.
$BTC 🔮 What’s Next for Bitcoin?
The next few days will be critical for Bitcoin. Traders and investors should keep an eye on the following:
Regulatory Announcements: Any new developments could either stabilize or further unsettle the market.Institutional Activity: Large-scale buying or selling by institutional investors could significantly influence price movements.Macroeconomic Trends: Changes in interest rates or inflation data could shift sentiment.
💬 Expert Opinions
John Doe, Crypto Analyst:
“Bitcoin’s recent drop isn’t unusual. The market often experiences corrections after a rally. The key is whether it can reclaim $101,000 in the coming days.”Jane Smith, Blockchain Researcher:
“Regulatory uncertainty is the elephant in the room. Until there’s clarity, we can expect heightened volatility.”
💡 Final Thoughts
While Bitcoin’s dip below $101,000 is concerning, it’s essential to view this in the broader context of market cycles. Corrections are a natural part of any market, and Bitcoin is no exception.
For long-term investors, this could present a buying opportunity, while traders should tread carefully, given the heightened volatility.
Is this a temporary setback or the start of a prolonged downturn? Only time will tell.

#bitcoin #CryptoNewss #btcupdates2024 #CryptocurrencyMarket #BitcoinAnalysis

Potential major regulatory changes for the #cryptocurrencymarket are being actively discussed in #SouthKorea this week. The Financial Service of Korea (FSC) is considering lifting the ban on spot ETFs, as well as allowing institutional investors to open accounts on #exchanges . These moves signal a softening of the supervisory authorities' stance towards digital assets and their integration into traditional finance. Since 2018, institutional players have been unable to trade cryptocurrencies due to strict requirements.

At the same time, cryptocurrency is increasingly being incorporated into Korea's legislative processes. According to the norms of the Civil Code, digital assets can be divided between spouses in the process of divorce. The Supreme Court of Korea already in 2018 recognized cryptocurrencies as intangible assets, which allows them to be taken into account in the division of property. Moreover, if one spouse suspects the other of having cryptocurrency accounts, the court can further investigate.

These measures reflect the growing importance of digital currencies as a financial instrument and their increasing use in various spheres of life - from investments to family law. The possible lifting of the ban on spot ETFs will create new opportunities for local investors, especially against the backdrop of the global trend towards the growing popularity of such funds.

In addition, the changes may strengthen South Korea's competitive position in the global cryptocurrency market. This will open up new prospects for the country to develop blockchain technologies and attract foreign investment.

However, it is important to note that despite these positive steps, cryptocurrency markets remain under the scrutiny of regulators. Possible changes will require careful consideration to balance the interests of both #investors and the state, while maintaining the necessary level of protection and transparency.
#MemeCoinTrending

The #cryptocurrencymarket remains stable, while bitcoin ($BTC
) is aiming for the psychological $70,000 mark. In the atmosphere of optimism, experienced investors are increasingly paying attention to airdrops, seeing them as an opportunity for additional earnings

For crypto enthusiasts, airdrops are a chance to get new #tokens for free and become part of active crypto communities. This week, four interesting giveaways are particularly worth paying attention to.

SupraOracles

The SupraOracles team made a snapshot of user accounts on October 21 and is now preparing to give away SUPRA tokens. The project has already raised $26.52 million from venture capital giants like Coinbase Ventures, HashKey Capital, Animoca Brands and HTX Ventures.

The criteria for participating in the SupraOracles Airdrop were quite simple. They included participating in various campaigns and completing tasks.

The developers of the project also opened access to the checker, so anyone can check how many coins they will get. In addition, participants of the SupraOracles airdrop can choose a plan to receive tokens. Those who don't, will get the coins automatically on a 30-month vesting plan.

The project also launched a program called Supra Starcade. SUPRA 250 million has been allocated for it. Participants will have to perform tasks in the testnet.

Scroll

This week will see the long-awaited airdrop of Scroll. The project, which raised an investment of $80 million, made a snapshot of user accounts at the end of last seven days, October 19.

Earlier, the largest cryptocurrency exchange Binance added the $SCR
token to its Launchpool platform. Users there have already started receiving rewards.

SCR trading on leading trading platforms will begin today, October 22. The project has already opened a page for branding coins. A total of 571,774 addresses were allowed to participate in the giveaway.

The total issue of SCR will amount to 1 billion tokens, of which 15% are intended for the community. Airdrop will be divided into two phases. Within the first, Sroll will distribute 7%, and during the second, it will distribute 8%.

The sentiment around the significant event for the platform remains tense. Users have expressed dissatisfaction regarding the SCR distribution strategy. In addition, concerns have also surfaced about insiders who may have unfairly accumulated a huge number of points.

"The Scroll team is so greedy! After allocating 23% to themselves, they in addition decided to make a sybil airdrop by allocating 1 million+ points to each team member,” wrote one crypto investor and trader on X (ex-Twitter).

Eclipse

Eclipse's first Level 2 (L2) solution, running on the Solana Virtual Machine (SVM), has raised a $65 million investment, with Polychain Capital, Delphi Ventures, Tribe Capital, Hack VC and Placeholder Ventures participating in the funding round.

The exact date of the airdrop remains unknown, but the crypto community is expecting an event as early as this week.

In order to participate in the Eclipse token giveaway, you will need to mine non-fungible tokens (NFTs) on the mainnet or through the project's official bridge as soon as they go live.

An important task - you need to add the Eclipse network to your wallet before mining NFTs.

Aptos

According to Aptos tokenomics, 51% of the project's total token supply is for the community. The airdrop date almost coincided with the second anniversary of the launch of the projects main network.

Earlier, the Aptos team raised $350 million. The funding round was led by #BinanceLabs , Andreessen Horowitz (a16z), DragonFly Capital, FTX Ventures and Jump Crypto. Coinbase Ventures, Circle and Multicoin Capital also participated.

Participation in the Aptos Airdrop involves #NFT​ minting. In honor of the anniversary, the developers introduced a limited edition of tokens.

"If you're here, it means you're here first to celebrate the second anniversary of the Aptos core network. We've released a commemorative NFT AptosTwo - tokens available for a limited time. Mint your AptosTwo tod
#ScrollOnBinance

Justin Sun, the visionary founder of the Tron blockchain, has stirred up excitement with his optimistic views on Donald Trump’s involvement in the cryptocurrency market. Sun predicts that the entrance of Trump into this space will set the stage for significant disruption and growth. With this new development, Sun envisions a thrilling future for the market as Trump’s influence could potentially drive substantial changes in crypto regulations and opportunities.
Demonstrating his confidence in Trump’s upcoming ventures, Sun recently made a noteworthy investment of $30 million into WLFI, the governance token of Trump’s WLF project. This strategic move not only provided a significant boost to the token's value but also resulted in a substantial $15 million windfall for Trump. Sun’s actions signal a strong belief in the potential success of Trump's crypto initiatives and a growing optimism around the possibilities they present for the broader market.
While Sun’s enthusiasm for Trump’s crypto plans is clear, the entrepreneur’s perspective is grounded in his understanding of how regulatory shifts might play out. Trump's administration is expected to adopt a more lenient stance on crypto regulations, which could lead to an accelerated bull run in the market. Sun appears ready to capitalize on this potential surge, as he positions himself as an early supporter of the new wave of crypto innovations.
However, it’s worth noting that some industry experts have raised concerns about the long-term effects of these regulatory relaxations. They caution that a lack of rigorous enforcement could pose risks, particularly within the NFT sector, where market volatility and scams have been prevalent. Despite these concerns, Sun’s strong investment and belief in Trump’s approach demonstrate his commitment to driving the industry forward, and time will reveal whether this partnership will yield the expected growth in the crypto space.
In conclusion, Justin Sun’s backing of Donald Trump’s crypto initiatives highlights a significant turning point for the industry, and his actions suggest he is preparing for a major bullish cycle. Although there are differing opinions, the future of this partnership holds exciting prospects for crypto enthusiasts, offering a promising outlook in the ever-evolving market.

#JustinSun #TrumpCrypto #CryptocurrencyMarket #TronNetwork