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Bitcoin (BTC) failed to hold $20,000 into the September monthly close as one trader eyed a final comeback before fresh downside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader’s $20,500 upside target remains Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staying lower after finishing the month at around $19,400. Capping 3% losses, the monthly chart failed to rally on Oct. 1, with BTC/USD down another 0.7% in “Uptober” so far, according to data from… Source link

Bitcoin [BTC] long-term holders may have started to lose their conviction for the cryptocurrency owing to the constant price decline. Additionally, these holders may have taken to selling BTC at a loss. Glassnode, in its latest report, found that the 90-day Coin Days Destroyed (CDD-90) metric was at an all-time low. This meant that older BTC had been dormant as HODLers continued to hold in the face of declining market conditions. Source: Glassnode3 HODL no more According to… Source link

The Ethereum Merge was considered the most anticipated event before 15 September. However, there is no use denying the fact that the Merge failed to positively impact the price Ether [ETH]. According to data from cryptocurrency social analytics platform LunarCrush, the hype that surrounded the Merge before its implementation caused ETH’s social activity to rally. In addition, for several months before the Merge, the term “Merge” trended as the most mentioned term,… Source link

Robert Breedlove, the founder of crypto investment firm Parallax Digital has suggested that Bitcoin (BTC) stands a big chance of recording a significant spike in future mainly driven by a drop in the purchasing power of the dollar.  According to Breedlove, his model places Bitcoin to trade at $12.5 million by 2031, a value equivalent to $1 million based on today’s purchasing power, he said during an appearance on Altcoin Daily podcast on September 13.  “I’m going to stand by… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. On Tuesday, crypto fleetingly regained a trillion dollar market cap. The modest gains were wiped out the following day by a brief crash, and coming into the weekend, Bitcoin (BTC) and Ethereum (ETH) are both basically flat over the past seven days.  That’s better than some of the other notable names fared in the past week. XRP is down 5% in the past week, even after an incremental victory in Ripple’s case against the SEC… Source link

Traders who use the Ethereum network are familiar with the ERC-20 technical standard and have most likely traded and invested in tokens that utilize it. After all, its practicality, transparency and flexibility have made it the industry norm for Ethereum-based projects. As such, many decentralized applications (DApps), crypto wallets and exchanges natively support ERC-20 tokens. However, there’s one problem: Ether (ETH) and ERC-20 do not exactly follow the same rules, as Ether was created… Source link

Litecoin price analysis shows a bearish trend for today. The bears have taken over the price charts again and have reduced the price level to $53.58, as market sentiment is bearish towards LTC/USD. Selling pressure came in at the start of today’s trading session, but the trend remained undetermined during the first four hours, and after that, bears outplayed the bulls. The price trend line shows a downward curve from yesterday, low at the $53.03 level. LTC/USD 1-day price chart: Litecoin… Source link

Bitcoin, in October last year, registered an average closing price of $58,051. It enters the first day of the same month this year with far less value, trading at $19,358 as of this writing, according to tracking from CoinGecko. Bitcoin is currently trading above the $19,000 mark In October, 2021, Bitcoin traded above the $60K mark for 16 straight days Bitcoin aims to regain the $20,000 level But even with that huge value discrepancy, some experts believe that… Source link

Ethereum [ETH] volumes have been all over the place in the last three months and more so in September. Perhaps an expected outcome, given the drastic changes that have taken place in the crypto market during the month. The demand for ETH also witnessed some volatility during the last four weeks. Nonetheless, recent events highlight interesting changes that many investors may not have expected. For example, the rising global inflation resulted in a stronger dollar and a… Source link

For bulls, Bitcoin’s (BTC) daily price action leaves a lot to be desired, and at the moment, there are few signs of an imminent turnaround.  Following the trend of the past six or more months, the current factors continue to place pressure on BTC price: Persistent concerns of potential stringent crypto regulation. United States Federal Reserve policy, interest rate hikes and quantitative tightening. Geopolitical concerns related to Russia, Ukraine and the weaponization of high-demand… Source link