Author: Digicoinvision

A Bitcoin analyst has argued that Bitcoin is still in a bull market as it briefly recovered to over $112,000 on Monday after a week of major volatility.Bitcoin (BTC) has struggled to gain over the past week as analysts said investors were showing signs of exhaustion, with its sudden drop last week resulting in two major liquidation events across the wider crypto market.Bitcoin hit a 24-hour high of $112,293 in early trading on Monday, surpassing $112,000 for the first time since sharply falling on Thursday. It is currently trading at $111,835, according to CoinGecko.Bull market “not over” for BitcoinHowever, crypto…

The crypto industry could be set for a flood of new crypto exchange-traded funds in October, with the US Securities and Exchange Commission set to make their final decisions on 16 crypto ETFs next month. The ETFs are connected to a variety of major altcoins, including Solana (SOL), XRP (XRP), Litecoin (LTC) and memecoin Dogecoin (DOGE), which have final deadlines scattered throughout October.Up for approval first is decentralized exchange Canary’s Litecoin ETF, with a deadline of Oct. 2, followed by asset manager Grayscale’s Solana and Litecoin trust conversion on Oct. 10 and ending with WisdomTree’s XRP fund on Oct. 24, according…

The crypto industry could be set for a flood of new crypto exchange-traded funds in October, with the US Securities and Exchange Commission set to make their final decisions on 16 crypto ETFs next month. The ETFs are connected to a variety of major altcoins, including Solana (SOL), XRP (XRP), Litecoin (LTC) and memecoin Dogecoin (DOGE), which have final deadlines scattered throughout October.Up for approval first is decentralized exchange Canary’s Litecoin ETF, with a deadline of Oct. 2, followed by asset manager Grayscale’s Solana and Litecoin trust conversion on Oct. 10 and ending with WisdomTree’s XRP fund on Oct. 24, according…

Key points:Bitcoin and altcoins are lagging gold and stocks when it comes to new all-time highs.Research suggests that liquidity patterns are partly to blame as traders withdraw stablecoins.History shows that traditional risk assets need to “cool” before crypto surges.Bitcoin (BTC) is dropping as crypto markets fail to copy gold and stocks. Is the bull market over?New research from onchain analytics platform CryptoQuant shares four key reasons why Bitcoin and altcoins are “red” — Fed rate cuts, stablecoin reserves, leveraged traders and historical norms.Crypto still at “end of liquidity pipeline”Bitcoin has become stuck recently as liquidity games keep bulls away from challenging…

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…

Solana started a fresh decline below the $225 zone. SOL price is now attempting to recover from $192 and faces hurdles near $215. SOL price started a fresh decline below $225 and $220 against the US Dollar. The price is now trading above $200 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $200 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start another decline if it stays below $215 and $220. Solana Price Dips Again Solana price failed to stay above $220…

Block CEO Jack Dorsey’s decentralized peer-to-peer messaging service Bitchat has seen a spike in downloads from the African island nation of Madagascar amid protests, following a similar uptick during unrest in Nepal and Indonesia earlier in September.A Bitcoin open-source developer under the X handle callebtc, who is working on the messaging service, said on Sunday, “Bitchat downloads spiking in Madagascar,” along with screenshots of the protest’s news coverage.“Bitchat” trending in Google searchesCallebtc Bitcoin didn’t share specific download numbers, but Google Trends search for “Bitchat” shows a spike from 0 to 100 on Friday (over 90 days) in Madagascar, especially Antananarivo.Google…

New York’s crypto hub ambitions could be set for uncertainty after New York City Mayor Eric Adams dropped out of his reelection bid on Sunday. In a video on X on Sunday, Adams cited financial struggles stemming from his dismissed federal bribery case and the withholding of public funds.“Despite all that we have achieved, I cannot continue my reelection campaign,” he said before adding that the “constant media speculation about my future and the campaign finance board’s decision to withhold millions of dollars has undermined my ability to raise the funds needed for a serious campaign.”Adams initially won office in…

DeFiLlama, the largest data aggregator and dashboard for Decentralized Finance (DeFi), has revealed the list of Top Projects by weekly TVL Growth. Total Value Locked (TVL) means the total dollar value of cryptocurrency assets locked within a certain decentralized finance (DeFi) protocol. Meteora ($MET) stands at the first position with $797.9M in TVL, after getting the change of +252%, in the list of other top projects over the past 7 days. Simultaneously, Stargate Finance ($STG) is the runner-up in this race with $743.7M in TVL with increases of +177% along with Market Cap of $193.0M. The difference between these two Projects…

Crypto asset prices retraced this week, but the spot market is faring better than most digital asset treasury companies, which have lost over 90% of their value in some cases due to market saturation and investor concerns over the sustainability of the digital asset treasury business model.Strategy, the largest Bitcoin (BTC) treasury company, is down about 45% from its all-time high of $543 per share during intraday trading in November. Comparatively, BTC is up about 10% since hitting a high of over $99,000 over the same month.Additionally, BTC has printed successive new highs since December, hitting an all-time high of…