Post By: CryptosHeadlines.com

CryptoCon states that Bitcoin is still on course to potentially achieve additional gains of up to 30% compared to its current price levels.
According to popular analyst CryptoCon, Bitcoin (BTC), currently priced at $34,456, is poised to reach $45,000 in November, following a traditional Bitcoin price cycle.
On October 25, CryptoCon, known for creating Bitcoin price models, focused on one that relies on Fibonacci retracement levels.
Bitcoin at 17-Month Highs, More Upside Potential Expected
With Bitcoin achieving 17-month highs this week, many market participants anticipate a pullback. However, CryptoCon believes that there is still significant room for upside potential.
By comparing Bitcoin’s current price behavior to past cycles, CryptoCon demonstrates that BTC/USD could potentially reach the highest target of the Fibonacci model before hitting a mid-cycle top. Four of these targets have already been reached, with the fourth one lying just 3.3% above this week’s high at $36,368. In between these targets are what CryptoCon refers to as “phases,” and November marks a crucial deadline for the next phase to be completed.
“The move to the cycle mid-top typically takes around 2 months after the end of phase 2. Since we’re about to conclude the first month of phase 4, the mid-top could be achieved as soon as November,” as noted in the commentary.

Bitcoin Mid-Cycle Fibonacci Phases chart. Source: CryptoCon/X
Furthermore, CryptoCon highlights two significant resistance levels that Bitcoin bulls need to surpass in order to make the $45,000 target a reality.
“Both of these line up at about $36,400,” he noted.

BTC/USD chart with Fibonacci resistance levels. Source: CryptoCon/X
Different Bitcoin Setup in 2023, Analysts Say
In contrast to previous cycle comparisons, trader and analyst Rekt Capital pointed out that Bitcoin’s setup in 2023 is “completely different.” According to his analysis, at this stage in its four-year pattern, BTC/USD should typically be testing support, not resistance. He drew a distinction between the current situation and that of March 2020 when Bitcoin, amidst the onset of the COVID-19 pandemic, reached cycle lows just above $3,000 as part of a broader market crash.
Rekt Capital stated, “Bitcoin is doing something completely different to what it did in 2019 at this same point in the cycle.”

Bitcoin price cycle comparison. Source: Rekt Capital/X
In several recent posts, Rekt Capital emphasized that a substantial pullback in Bitcoin would present a significant opportunity to buy within the ongoing cycle.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Crypto #Blockchain #CryptoMarket #Bitcoin #CryptoNews

The cryptocurrency landscape has witnessed significant developments at the close of another week, notably with the recent approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).

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This week brought a whirlwind of developments in the crypto world, notably with the SEC’s approval of spot Bitcoin ETFs, a milestone that has injected considerable optimism into the cryptocurrency trading landscape. The approval has introduced 11 significant exchange-traded products to the market, capturing the attention and curiosity of crypto traders and investors alike. Among the key highlights this week are:

SEC’s Green Light for Bitcoin ETFs
This week began with a flurry of speculations swirling around the SEC’s stance on Bitcoin ETF approval, creating a sense of anticipation in the crypto community. The regulatory body’s eventual approval of the endorsement brought a wave of enthusiasm, signaling a significant development in the crypto trading landscape.
However, the week took an unexpected turn when a fake post purportedly from the SEC’s official handle spread across the market, adding an element of suspense. Despite this twist, clarity soon prevailed as the regulatory body promptly addressed the misinformation and officially sanctioned the trading approval for Bitcoin ETFs. The public markets for these ETFs kicked off the day following the regulatory nod, further shaping the dynamic landscape of cryptocurrency trading.
Bitcoin ETF Race Heats Up: Key Players Make Strategic Moves
In the fierce competition for Bitcoin ETF approval, Ark 21 and BlackRock showcased a strategic maneuver by reducing their ETF fees in S-1 filings just ahead of the regulatory approval. This move added a layer of intensity to an already competitive landscape. Meanwhile, VanEck and WisdomTree strategically entered the arena, securing their listing on DTCC at a crucial juncture as the approval decision loomed.
VanEck initiated its ETF with a substantial $72.5 million investment, while BlackRock made an initial investment of $10 million. Bitwise, another contender, injected $500,000 into its ETF as part of its bid in the competition.
Grayscale (GBTC), a pivotal player, took the lead with its approval confirmed during the week. Following this milestone, the approval list expanded to include 10 more products, such as Bitwise Bitcoin ETF, ARK 21Shares Bitcoin ETF, Fidelity Wise Origin Bitcoin Fund, Valkyrie Bitcoin Fund, iShares Bitcoin Trust, VanEck Bitcoin Trust, Franklin Bitcoin ETF, Wisdomtree Bitcoin Trust, Invesco Galaxy Bitcoin ETF, and Hashdex Bitcoin ETF. These developments mark significant strides in the evolving landscape of cryptocurrency investment products.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Blackrock #Bitcoin #Altcoin #CryptocurrencyNews #CryptoMarket

Post By: CryptosHeadlines.com

During the third quarter, the Cardano blockchain platform saw significant growth in DeFi (Decentralized Finance) activity, achieving impressive results.Cardano, a popular altcoin, has been doing well in line with the overall cryptocurrency market. In the past 24 hours, the price of ADA has risen by 2.47%, reaching $0.300, and it now has a market cap of $10.5 billion.
Cardano Whales Gathering ADA
Recent on-chain data reveals that long-inactive Cardano coins are becoming active again, and ADA whales are collecting more coins.
Santiment data indicates that Cardano has seen a substantial increase in the activity of dormant coins. On Monday, the network experienced the most movement of older wallets holding ADA since April 2022. This suggests that previously inactive coins are re-entering circulation. Moreover, wallets containing 100,000 to 10 million ADA are once again accumulating more coins.

Courtesy: Santiment
Cardano’s Impressive Q3 Performance
Cardano’s recent price surge is closely tied to its strong Q3 performance. During this period, the Cardano ecosystem witnessed remarkable growth in Decentralized Finance (DeFi) Total Value Locked (TVL).
The DeFi TVL metric showed an impressive 198% increase in Q3, moving Cardano from its previous rank of 34 to an impressive 15. This marks one of the most significant growth phases for Cardano in the year.
Other key metrics further emphasize Cardano’s growth, with Average Daily Active Addresses reaching 41,137, and Average Daily Transactions totaling 60,356 for the quarter. Additionally, Average Daily DApp Transactions and Average Daily NFT Trading volume displayed strong figures of 49,388 and $0.6 million, respectively.
Stablecoin Value Surge
The value of Cardano’s stablecoins also saw substantial growth, with a notable 16% increase in the Quarter-on-Quarter (QoQ) comparison and an impressive 461% surge in the Year-to-Date (YTD) period. The report highlights that the rise of stablecoins was initially initiated by iUSD and further boosted by protocols like Wanchain introducing bridged versions of USDT and USDC.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoMarket #Bitcoin #CryptoNews #Cardano #ADA

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Investor attention shifted towards Shiba Inu following a notification from its marketing strategist regarding a security breach in an administrator’s Telegram account.

Shiba Inu cryptocurrency has garnered significant attention in recent times, particularly due to the rising popularity of meme coins. On Wednesday, investors closely monitored Shiba Inu as Lucie, the chief marketing strategist for the Shiba Inu community, alerted users to a potential security breach within one of the admin profiles in the ecosystem. This announcement led to a decline in the price of Shiba Inu.
Alert Regarding Profile Breach
Lucie has posted a screenshot on the X platform with a message urging users to prioritize their safety. Within the screenshot, there’s a message from one of the community’s administrators, DaVinci, cautioning users against engaging with “Ragnar” on the Telegram platform.
It’s worth noting that Ragnar is another administrator within the Shiba Inu community. Nevertheless, in DaVinci’s cautionary message, he mentioned that hackers currently had control over Ragnar’s compromised account.
Simultaneously, he reported that malicious actors are sharing fraudulent content on the platform. Furthermore, he strongly advised users to avoid any form of communication or transactions with the account in order to protect themselves from potential fraudulent activities.
Additionally, DaVinci offered guidance to users on safeguarding themselves against potential fraud and encouraged them to promptly report any suspicious activities they come across. This recent advisory from the community serves as a vital reminder for users to exercise caution and give utmost importance to their online security.
Shiba Inu Price
As of October 4, the Shiba Inu price stood at $0.000007214, reflecting a 1.38% decline over the previous day. Concurrently, the cryptocurrency’s trading volume experienced a decrease of 17.09%, amounting to $92.36 million, while its market capitalization saw a reduction of 1.37%, settling at $4.25 billion.
It’s worth highlighting that the overall cryptocurrency market was also experiencing a downturn during this period, indicating that investors might be redirecting their attention towards more secure assets. Therefore, the recent decline in Shiba Inu’s price could be attributed to the prevailing pessimistic sentiment in the broader market.
Furthermore, DaVinci’s appeal to users to refrain from engaging with the compromised account, combined with reports of fraudulent content circulating, emphasized the crucial importance of vigilance within the Shiba Inu community. In an ever-evolving cryptocurrency landscape, it remains imperative for investors to stay alert and proactive in addressing security risks, thereby fostering a safer and more secure environment for all community members.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Post By: CryptosHeadlines.com

The meme-inspired cryptocurrency, Shiba Inu ($SHIB ), has witnessed an astonishing 14,380% surge in its burn rate within the last 24 hours, following revelations from the project’s marketing team leader about their ambitious 2024 and 2025 goals.

Lucie, addressing her extensive following of over 100,000 on the microblogging platform X (formerly Twitter), announced that the project’s layer-2 scaling solution, Shibarium, is poised to decentralize decision-making across the community, allowing all tokens to participate in protocol decisions.
Additionally, Lucie emphasized the project’s commitment to preventing a concentration of decision-making power by involving all tokens in the voting process and actively encouraging participation. Their objectives encompass fostering fair and transparent governance while paving the way for long-term, sustainable growth through collective decision-making and active engagement.
While the exact influence of the protocol’s marketing strategy on the meme-inspired cryptocurrency’s burn rate remains uncertain, Shibburn data reveals that over the last day, 173 million SHIB tokens were destroyed through five transactions.
“Burning Tokens: How It May Boost Shiba Inu’s Value”
To potentially increase the value of Shiba Inu ($SHIB ), the cryptocurrency community employs a method called “token burning.” This involves sending tokens to addresses that are inaccessible or “dead,” effectively reducing the number of tokens available in the market. This reduction in supply can lead to a higher token price when demand is strong.
Many are optimistic that Shiba Inu’s value will rise as more people use it. To encourage this, the project’s team is actively seeking collaborations to make SHIB more useful.
For instance, luxury watchmaker TAG Heuer, which has a long history, started accepting payments in SHIB and DOGE, along with ten other cryptocurrencies last year. TAG Heuer is known for its watches, fashion accessories, eyewear, and mobile phones.
Additionally, customers of the major financial institution HSBC now have the option to pay their mortgages and loans using various cryptocurrencies, including Bitcoin ($BTC ), $XRP , and Shiba Inu ($SHIB ), thanks to the blockchain payment system FCF Pay.
Important Note: Cryptosheadlines.com neither supports nor assumes responsibility for the content’s accuracy, quality, advertising, products, or any other materials featured on this page. It is advisable for readers to conduct their independent research before making any cryptocurrency-related decisions. Cryptosheadlines.com holds no direct or indirect liability for any harm or loss, whether actual or claimed, arising from the utilization or reliance on any content, goods, or services referenced herein. Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoMarket #Bitcoin #CryptoNews #ShibaInu #SHIB