CryptoPotato
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CryptoPotato
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Established in 2016, CryptoPotato is attracting millions monthly visitors and always insisting on high-end news, editorials and educational guides.
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Posts
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XRP Could Be Setting Up for Its Next Big Move: Here Are the Levels to Watch
🚨 Ripple's XRP token experienced a significant drop from $1.50 to under $1.30 following the US Senate's failure to advance the CLARITY Act, but has since rebounded slightly above $1.30.
🔍 Analysts emphasize the importance of maintaining support in the $1.31-$1.35 range for XRP, as leveraged traders retreat and the market stabilizes after recent volatility.
📈 A potential bullish signal is emerging with XRP's 5-day moving average nearing the 200-day moving average, indicating a possible golden cross, contingent on reclaiming key resistance levels and broader altcoin momentum.
XRP Could Be Setting Up for Its Next Big Move: Here Are the Levels to Watch
🚨 Ripple's XRP token experienced a significant drop from $1.50 to under $1.30 following the US Senate's failure to advance the CLARITY Act, but has since rebounded slightly above $1.30.
🔍 Analysts emphasize the importance of maintaining support in the $1.31-$1.35 range for XRP, as leveraged traders retreat and the market stabilizes after recent volatility.
📈 A potential bullish signal is emerging with XRP's 5-day moving average nearing the 200-day moving average, indicating a possible golden cross, contingent on reclaiming key resistance levels and broader altcoin momentum.
🚨 Ripple's XRP token experienced a significant drop from $1.50 to under $1.30 following the US Senate's failure to advance the CLARITY Act, but has since rebounded slightly above $1.30.
🔍 Analysts emphasize the importance of maintaining support in the $1.31-$1.35 range for XRP, as leveraged traders retreat and the market stabilizes after recent volatility.
📈 A potential bullish signal is emerging with XRP's 5-day moving average nearing the 200-day moving average, indicating a possible golden cross, contingent on reclaiming key resistance levels and broader altcoin momentum.
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Report: ECB President Personally Blocked Binance’s EU License
🚫 Christine Lagarde urged Greek Prime Minister Kyriakos Mitsotakis to block Binance's EU license bid, despite Greek regulators nearing approval.
🕵️♂️ The intervention raised questions about Lagarde's influence over a process outside her formal authority, particularly given her concerns over Binance's past legal issues.
🇫🇷 Following the rejection, Binance halted its Greek application and is now seeking licenses in other EU countries, with France as a potential alternative.
Report: ECB President Personally Blocked Binance’s EU License
🚫 Christine Lagarde urged Greek Prime Minister Kyriakos Mitsotakis to block Binance's EU license bid, despite Greek regulators nearing approval.
🕵️♂️ The intervention raised questions about Lagarde's influence over a process outside her formal authority, particularly given her concerns over Binance's past legal issues.
🇫🇷 Following the rejection, Binance halted its Greek application and is now seeking licenses in other EU countries, with France as a potential alternative.
🚫 Christine Lagarde urged Greek Prime Minister Kyriakos Mitsotakis to block Binance's EU license bid, despite Greek regulators nearing approval.
🕵️♂️ The intervention raised questions about Lagarde's influence over a process outside her formal authority, particularly given her concerns over Binance's past legal issues.
🇫🇷 Following the rejection, Binance halted its Greek application and is now seeking licenses in other EU countries, with France as a potential alternative.
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Major Binance Warning: The Exchange Will Briefly Suspend Deposits and Withdrawals Next Week
🔧 Binance will temporarily halt deposits and withdrawals for about an hour on September 22 due to an infrastructure wallet upgrade, but trading will remain unaffected.
⏳ Such maintenance is common for Binance, with previous interruptions lasting from minutes to a few hours, and no significant issues reported from users.
⚠️ The exchange also issued a scam alert regarding phishing attacks targeting users, emphasizing that Binance will never ask for sensitive information via text messages.
Major Binance Warning: The Exchange Will Briefly Suspend Deposits and Withdrawals Next Week
🔧 Binance will temporarily halt deposits and withdrawals for about an hour on September 22 due to an infrastructure wallet upgrade, but trading will remain unaffected.
⏳ Such maintenance is common for Binance, with previous interruptions lasting from minutes to a few hours, and no significant issues reported from users.
⚠️ The exchange also issued a scam alert regarding phishing attacks targeting users, emphasizing that Binance will never ask for sensitive information via text messages.
🔧 Binance will temporarily halt deposits and withdrawals for about an hour on September 22 due to an infrastructure wallet upgrade, but trading will remain unaffected.
⏳ Such maintenance is common for Binance, with previous interruptions lasting from minutes to a few hours, and no significant issues reported from users.
⚠️ The exchange also issued a scam alert regarding phishing attacks targeting users, emphasizing that Binance will never ask for sensitive information via text messages.
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Here’s Why Bitwise CIO Believes Crypto Could Keep Rallying Without Congress
🚫📜 The failure of the CLARITY Act in the US Senate raises concerns about crypto regulation, but Bitwise CIO Matt Hougan believes it won't derail the ongoing market rally.
📈💰 Despite the setback, Bitcoin surged from around $57,950 in July to over $80,000 by September, indicating that investors are not waiting for regulatory clarity from Congress.
🏦🔄 US Bitcoin ETFs saw a return to net inflows, attracting over $159 million, while Ethereum ETFs faced continued outflows, highlighting a mixed sentiment in the ETF market.
Here’s Why Bitwise CIO Believes Crypto Could Keep Rallying Without Congress
🚫📜 The failure of the CLARITY Act in the US Senate raises concerns about crypto regulation, but Bitwise CIO Matt Hougan believes it won't derail the ongoing market rally.
📈💰 Despite the setback, Bitcoin surged from around $57,950 in July to over $80,000 by September, indicating that investors are not waiting for regulatory clarity from Congress.
🏦🔄 US Bitcoin ETFs saw a return to net inflows, attracting over $159 million, while Ethereum ETFs faced continued outflows, highlighting a mixed sentiment in the ETF market.
🚫📜 The failure of the CLARITY Act in the US Senate raises concerns about crypto regulation, but Bitwise CIO Matt Hougan believes it won't derail the ongoing market rally.
📈💰 Despite the setback, Bitcoin surged from around $57,950 in July to over $80,000 by September, indicating that investors are not waiting for regulatory clarity from Congress.
🏦🔄 US Bitcoin ETFs saw a return to net inflows, attracting over $159 million, while Ethereum ETFs faced continued outflows, highlighting a mixed sentiment in the ETF market.
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Solana to Go Parabolic? Here’s Why SOL Can Explode by 1,100%
🚀 SOL has surged 6% in the last 24 hours, reaching $105, with analysts predicting a potential rise to $1,300 as bullish factors emerge.
📈 Despite a brief correction following the failure of the CLARITY Act, SOL has shown strong institutional demand and significant token withdrawals from exchanges, indicating solid support.
🔍 Analysts are watching key resistance levels, with expectations of a breakout above $105 leading to further gains, potentially reaching $130 before a larger expansion.
Solana to Go Parabolic? Here’s Why SOL Can Explode by 1,100%
🚀 SOL has surged 6% in the last 24 hours, reaching $105, with analysts predicting a potential rise to $1,300 as bullish factors emerge.
📈 Despite a brief correction following the failure of the CLARITY Act, SOL has shown strong institutional demand and significant token withdrawals from exchanges, indicating solid support.
🔍 Analysts are watching key resistance levels, with expectations of a breakout above $105 leading to further gains, potentially reaching $130 before a larger expansion.
🚀 SOL has surged 6% in the last 24 hours, reaching $105, with analysts predicting a potential rise to $1,300 as bullish factors emerge.
📈 Despite a brief correction following the failure of the CLARITY Act, SOL has shown strong institutional demand and significant token withdrawals from exchanges, indicating solid support.
🔍 Analysts are watching key resistance levels, with expectations of a breakout above $105 leading to further gains, potentially reaching $130 before a larger expansion.
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Ethereum Gets Cheaper: Network Fees Collapse Over 85% as ETH Price Rebounds
💰 **ETH Recovery:** Ethereum's price rebounded from a low of $2,350 to over $2,480, while transaction fees plummeted from $0.72 to approximately $0.095.
🔧 **Network Upgrades:** Enhanced capacity from recent upgrades and Layer 2 solutions has made Ethereum more efficient, allowing for cheaper transactions and increased accessibility for users and developers.
📉 **Supply Drain Impact:** A significant reduction in ETH available on exchanges, down 73% since June 2020, may amplify the effects of buying activity, potentially leading to a stronger market response despite fluctuating demand.
Ethereum Gets Cheaper: Network Fees Collapse Over 85% as ETH Price Rebounds
💰 **ETH Recovery:** Ethereum's price rebounded from a low of $2,350 to over $2,480, while transaction fees plummeted from $0.72 to approximately $0.095.
🔧 **Network Upgrades:** Enhanced capacity from recent upgrades and Layer 2 solutions has made Ethereum more efficient, allowing for cheaper transactions and increased accessibility for users and developers.
📉 **Supply Drain Impact:** A significant reduction in ETH available on exchanges, down 73% since June 2020, may amplify the effects of buying activity, potentially leading to a stronger market response despite fluctuating demand.
💰 **ETH Recovery:** Ethereum's price rebounded from a low of $2,350 to over $2,480, while transaction fees plummeted from $0.72 to approximately $0.095.
🔧 **Network Upgrades:** Enhanced capacity from recent upgrades and Layer 2 solutions has made Ethereum more efficient, allowing for cheaper transactions and increased accessibility for users and developers.
📉 **Supply Drain Impact:** A significant reduction in ETH available on exchanges, down 73% since June 2020, may amplify the effects of buying activity, potentially leading to a stronger market response despite fluctuating demand.
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Ethereum Price Analysis: ETH Jumps Past $2.5K as Moving Averages Eye Bullish Cross
🚀 Ethereum has surged past the $2.5K mark, recovering sharply from mid-year lows, although it remains below key resistance levels that could lead to further gains.
📉 The Coinbase Premium Index is negative, indicating a lack of strong spot demand from U.S. investors despite ETH's price recovery, suggesting a divergence between price and market sentiment.
📊 On the charts, ETH is consolidating within a range of $2.35K to $2.65K, with a decisive breakout above $2.65K needed for a structural shift, while support is found around $2.1K and $1.9K.
Ethereum Price Analysis: ETH Jumps Past $2.5K as Moving Averages Eye Bullish Cross
🚀 Ethereum has surged past the $2.5K mark, recovering sharply from mid-year lows, although it remains below key resistance levels that could lead to further gains.
📉 The Coinbase Premium Index is negative, indicating a lack of strong spot demand from U.S. investors despite ETH's price recovery, suggesting a divergence between price and market sentiment.
📊 On the charts, ETH is consolidating within a range of $2.35K to $2.65K, with a decisive breakout above $2.65K needed for a structural shift, while support is found around $2.1K and $1.9K.
🚀 Ethereum has surged past the $2.5K mark, recovering sharply from mid-year lows, although it remains below key resistance levels that could lead to further gains.
📉 The Coinbase Premium Index is negative, indicating a lack of strong spot demand from U.S. investors despite ETH's price recovery, suggesting a divergence between price and market sentiment.
📊 On the charts, ETH is consolidating within a range of $2.35K to $2.65K, with a decisive breakout above $2.65K needed for a structural shift, while support is found around $2.1K and $1.9K.
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Ripple Price Analysis: What’s Next for XRP After an 8% Daily Surge?
🚀 XRP has bounced back from below $1, currently stabilizing around $1.35, with a significant structural improvement noted on the daily chart.
📉 The 4-hour chart indicates XRP is in a descending channel, facing resistance at $1.33-$1.37, while support remains around $1.25, crucial for preventing a deeper correction.
🔍 Key resistance levels to watch include $1.60-$1.70, with a successful breakout potentially targeting the $1.90 zone, while major support is at $1.00, acting as a broader invalidation area.
Ripple Price Analysis: What’s Next for XRP After an 8% Daily Surge?
🚀 XRP has bounced back from below $1, currently stabilizing around $1.35, with a significant structural improvement noted on the daily chart.
📉 The 4-hour chart indicates XRP is in a descending channel, facing resistance at $1.33-$1.37, while support remains around $1.25, crucial for preventing a deeper correction.
🔍 Key resistance levels to watch include $1.60-$1.70, with a successful breakout potentially targeting the $1.90 zone, while major support is at $1.00, acting as a broader invalidation area.
🚀 XRP has bounced back from below $1, currently stabilizing around $1.35, with a significant structural improvement noted on the daily chart.
📉 The 4-hour chart indicates XRP is in a descending channel, facing resistance at $1.33-$1.37, while support remains around $1.25, crucial for preventing a deeper correction.
🔍 Key resistance levels to watch include $1.60-$1.70, with a successful breakout potentially targeting the $1.90 zone, while major support is at $1.00, acting as a broader invalidation area.
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Bitcoin Hits 14-Day High Despite CLARITY Setback, Fed and BOJ Rate Hikes: Weekly Recap
🚀 Bitcoin experienced extreme volatility this week, fluctuating from $77,000 to a peak of $81,000, despite facing significant market challenges and a rate hike from the Fed.
📈 Other cryptocurrencies like ZEC, NEAR, and UNI saw impressive gains, with NEAR surging by 35% and UNI by over 30%, while RAIN faced a notable decline of 22%.
🔍 Analysts suggest Bitcoin may gain more support than gold due to easing ETF hedging demand, and the SEC has introduced an "Innovation Exemption" to facilitate on-chain stock trading.
Bitcoin Hits 14-Day High Despite CLARITY Setback, Fed and BOJ Rate Hikes: Weekly Recap
🚀 Bitcoin experienced extreme volatility this week, fluctuating from $77,000 to a peak of $81,000, despite facing significant market challenges and a rate hike from the Fed.
📈 Other cryptocurrencies like ZEC, NEAR, and UNI saw impressive gains, with NEAR surging by 35% and UNI by over 30%, while RAIN faced a notable decline of 22%.
🔍 Analysts suggest Bitcoin may gain more support than gold due to easing ETF hedging demand, and the SEC has introduced an "Innovation Exemption" to facilitate on-chain stock trading.
🚀 Bitcoin experienced extreme volatility this week, fluctuating from $77,000 to a peak of $81,000, despite facing significant market challenges and a rate hike from the Fed.
📈 Other cryptocurrencies like ZEC, NEAR, and UNI saw impressive gains, with NEAR surging by 35% and UNI by over 30%, while RAIN faced a notable decline of 22%.
🔍 Analysts suggest Bitcoin may gain more support than gold due to easing ETF hedging demand, and the SEC has introduced an "Innovation Exemption" to facilitate on-chain stock trading.
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Bitcoin Price Suddenly Rockets Past $80K Leaving $180M in Shorts Liquidated
🚀 Bitcoin's price surged past $80,000 for the first time in over ten days, rebounding from a recent dip following setbacks from the US Federal Reserve and Senate.
📈 Altcoins also experienced significant gains, with Ethereum surpassing $2,550 and XRP climbing above $1.35, as the market reacted positively to the Bank of Japan's rate hike.
💥 Liquidations skyrocketed, with $192 million in over-leveraged positions wiped out in just one hour, primarily affecting short positions, leading to over 100,000 traders being liquidated.
Bitcoin Price Suddenly Rockets Past $80K Leaving $180M in Shorts Liquidated
🚀 Bitcoin's price surged past $80,000 for the first time in over ten days, rebounding from a recent dip following setbacks from the US Federal Reserve and Senate.
📈 Altcoins also experienced significant gains, with Ethereum surpassing $2,550 and XRP climbing above $1.35, as the market reacted positively to the Bank of Japan's rate hike.
💥 Liquidations skyrocketed, with $192 million in over-leveraged positions wiped out in just one hour, primarily affecting short positions, leading to over 100,000 traders being liquidated.
🚀 Bitcoin's price surged past $80,000 for the first time in over ten days, rebounding from a recent dip following setbacks from the US Federal Reserve and Senate.
📈 Altcoins also experienced significant gains, with Ethereum surpassing $2,550 and XRP climbing above $1.35, as the market reacted positively to the Bank of Japan's rate hike.
💥 Liquidations skyrocketed, with $192 million in over-leveraged positions wiped out in just one hour, primarily affecting short positions, leading to over 100,000 traders being liquidated.
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NEAR Hits Highest Price in 20 Months: Why One Analyst Calls the Chart ‘Phenomenal’
🚀 NEAR's price surged 25% to approximately $3.60, marking its highest level since early 2025, with analysts predicting further short-term gains.
📈 The recent rally is attributed to NEAR Protocol's announcement of default perpetual futures trading, enhancing user privacy and trading capabilities.
⚠️ Despite the bullish momentum, NEAR's RSI is in overbought territory at 82, and increased exchange inflows suggest potential selling pressure, indicating a possible correction ahead.
NEAR Hits Highest Price in 20 Months: Why One Analyst Calls the Chart ‘Phenomenal’
🚀 NEAR's price surged 25% to approximately $3.60, marking its highest level since early 2025, with analysts predicting further short-term gains.
📈 The recent rally is attributed to NEAR Protocol's announcement of default perpetual futures trading, enhancing user privacy and trading capabilities.
⚠️ Despite the bullish momentum, NEAR's RSI is in overbought territory at 82, and increased exchange inflows suggest potential selling pressure, indicating a possible correction ahead.
🚀 NEAR's price surged 25% to approximately $3.60, marking its highest level since early 2025, with analysts predicting further short-term gains.
📈 The recent rally is attributed to NEAR Protocol's announcement of default perpetual futures trading, enhancing user privacy and trading capabilities.
⚠️ Despite the bullish momentum, NEAR's RSI is in overbought territory at 82, and increased exchange inflows suggest potential selling pressure, indicating a possible correction ahead.
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1.6 Billion XRP Sent to Binance as Whale Activity Explodes to a Six-Month High
🐋 **Whale Surge:** Large XRP holders have transferred approximately 1.6 billion tokens to Binance in the last 30 days, marking the highest activity level in six months.
📉 **Market Impact:** Increased whale inflows could enhance XRP's market availability, although it doesn't necessarily indicate imminent selling, as whales may be managing liquidity or preparing for trades.
🔮 **Price Outlook:** Analysts suggest XRP needs to reclaim the $1.65 level to improve its outlook, with potential drops to $1.10 or even $0.87 if selling pressure continues, while some view current prices as a buying opportunity.
1.6 Billion XRP Sent to Binance as Whale Activity Explodes to a Six-Month High
🐋 **Whale Surge:** Large XRP holders have transferred approximately 1.6 billion tokens to Binance in the last 30 days, marking the highest activity level in six months.
📉 **Market Impact:** Increased whale inflows could enhance XRP's market availability, although it doesn't necessarily indicate imminent selling, as whales may be managing liquidity or preparing for trades.
🔮 **Price Outlook:** Analysts suggest XRP needs to reclaim the $1.65 level to improve its outlook, with potential drops to $1.10 or even $0.87 if selling pressure continues, while some view current prices as a buying opportunity.
🐋 **Whale Surge:** Large XRP holders have transferred approximately 1.6 billion tokens to Binance in the last 30 days, marking the highest activity level in six months.
📉 **Market Impact:** Increased whale inflows could enhance XRP's market availability, although it doesn't necessarily indicate imminent selling, as whales may be managing liquidity or preparing for trades.
🔮 **Price Outlook:** Analysts suggest XRP needs to reclaim the $1.65 level to improve its outlook, with potential drops to $1.10 or even $0.87 if selling pressure continues, while some view current prices as a buying opportunity.
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Why Is Uniswap (UNI) Up 30% Today?
🚀 **Record Surge:** UNI has skyrocketed by 30%, reaching a 10-month high of nearly $9.20, making it the best-performing cryptocurrency among the top 100.
📈 **Catalysts for Growth:** The US SEC's Innovation Exemption and a broader cryptocurrency market recovery, with Bitcoin and Ethereum also seeing significant gains, have fueled this rally.
🔮 **Future Projections:** Analysts predict further gains for UNI, targeting levels around $11 to $12.75, although a short-term pullback may occur due to its overbought status indicated by the RSI.
Why Is Uniswap (UNI) Up 30% Today?
🚀 **Record Surge:** UNI has skyrocketed by 30%, reaching a 10-month high of nearly $9.20, making it the best-performing cryptocurrency among the top 100.
📈 **Catalysts for Growth:** The US SEC's Innovation Exemption and a broader cryptocurrency market recovery, with Bitcoin and Ethereum also seeing significant gains, have fueled this rally.
🔮 **Future Projections:** Analysts predict further gains for UNI, targeting levels around $11 to $12.75, although a short-term pullback may occur due to its overbought status indicated by the RSI.
🚀 **Record Surge:** UNI has skyrocketed by 30%, reaching a 10-month high of nearly $9.20, making it the best-performing cryptocurrency among the top 100.
📈 **Catalysts for Growth:** The US SEC's Innovation Exemption and a broader cryptocurrency market recovery, with Bitcoin and Ethereum also seeing significant gains, have fueled this rally.
🔮 **Future Projections:** Analysts predict further gains for UNI, targeting levels around $11 to $12.75, although a short-term pullback may occur due to its overbought status indicated by the RSI.
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Crypto Price Analysis Sep-18: ETH, XRP, ADA, BNB, and HYPE
🚀 **Ethereum (ETH)** is showing positive momentum with a 2% increase, maintaining support at $2,400, and aiming for a breakout above $2,500 to potentially reach $2,800.
📈 **Ripple (XRP)** gained 1% this week, recovering above the critical support level of $1.3, and is forming a bullish pattern that could target $2 if resistance is broken.
💥 **Hyperliquid (HYPE)** led the pack with an impressive 11% surge, nearing a record high, and aims for $100 if buyers can establish $85 as a strong support level.
Crypto Price Analysis Sep-18: ETH, XRP, ADA, BNB, and HYPE
🚀 **Ethereum (ETH)** is showing positive momentum with a 2% increase, maintaining support at $2,400, and aiming for a breakout above $2,500 to potentially reach $2,800.
📈 **Ripple (XRP)** gained 1% this week, recovering above the critical support level of $1.3, and is forming a bullish pattern that could target $2 if resistance is broken.
💥 **Hyperliquid (HYPE)** led the pack with an impressive 11% surge, nearing a record high, and aims for $100 if buyers can establish $85 as a strong support level.
🚀 **Ethereum (ETH)** is showing positive momentum with a 2% increase, maintaining support at $2,400, and aiming for a breakout above $2,500 to potentially reach $2,800.
📈 **Ripple (XRP)** gained 1% this week, recovering above the critical support level of $1.3, and is forming a bullish pattern that could target $2 if resistance is broken.
💥 **Hyperliquid (HYPE)** led the pack with an impressive 11% surge, nearing a record high, and aims for $100 if buyers can establish $85 as a strong support level.
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Zcash Short Trader Faces $7.66M Paper Loss as ZEC Nears $1,500
💸 A Zcash trader, previously successful with a 89% win rate, now faces a staggering $7.66 million unrealized loss after taking a heavily leveraged short position as ZEC rallies.
📈 ZEC has surged over 10% in the last 24 hours and more than 200% in the past month, driven by a governance vote and increased wallet activity pulling ZEC off exchanges.
🔍 The market has seen approximately $32.7 million in ZEC positions liquidated recently, with shorts making up the majority of these losses at $27.17 million.
Zcash Short Trader Faces $7.66M Paper Loss as ZEC Nears $1,500
💸 A Zcash trader, previously successful with a 89% win rate, now faces a staggering $7.66 million unrealized loss after taking a heavily leveraged short position as ZEC rallies.
📈 ZEC has surged over 10% in the last 24 hours and more than 200% in the past month, driven by a governance vote and increased wallet activity pulling ZEC off exchanges.
🔍 The market has seen approximately $32.7 million in ZEC positions liquidated recently, with shorts making up the majority of these losses at $27.17 million.
💸 A Zcash trader, previously successful with a 89% win rate, now faces a staggering $7.66 million unrealized loss after taking a heavily leveraged short position as ZEC rallies.
📈 ZEC has surged over 10% in the last 24 hours and more than 200% in the past month, driven by a governance vote and increased wallet activity pulling ZEC off exchanges.
🔍 The market has seen approximately $32.7 million in ZEC positions liquidated recently, with shorts making up the majority of these losses at $27.17 million.
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Major Ripple (XRP) Opportunity, Shiba Inu (SHIB) Updates, and More: Bits Recap September 18
🚀 Ripple's XRP has seen a 56% decline over the past year, but analysts suggest it's nearing oversold territory, presenting a potential buying opportunity, with predictions of a price recovery to $2.50 or even $2.00.
🐕 Shiba Inu's Shibarium received a minor update aimed at improving its functionality, but the network continues to struggle with low usage and transaction volumes following a previous exploit.
📈 Ethereum is currently trading around $2,500, with analysts eyeing a potential breakout towards $3,000, supported by a double-bottom formation that could lead to significant price movements in the coming year.
Major Ripple (XRP) Opportunity, Shiba Inu (SHIB) Updates, and More: Bits Recap September 18
🚀 Ripple's XRP has seen a 56% decline over the past year, but analysts suggest it's nearing oversold territory, presenting a potential buying opportunity, with predictions of a price recovery to $2.50 or even $2.00.
🐕 Shiba Inu's Shibarium received a minor update aimed at improving its functionality, but the network continues to struggle with low usage and transaction volumes following a previous exploit.
📈 Ethereum is currently trading around $2,500, with analysts eyeing a potential breakout towards $3,000, supported by a double-bottom formation that could lead to significant price movements in the coming year.
🚀 Ripple's XRP has seen a 56% decline over the past year, but analysts suggest it's nearing oversold territory, presenting a potential buying opportunity, with predictions of a price recovery to $2.50 or even $2.00.
🐕 Shiba Inu's Shibarium received a minor update aimed at improving its functionality, but the network continues to struggle with low usage and transaction volumes following a previous exploit.
📈 Ethereum is currently trading around $2,500, with analysts eyeing a potential breakout towards $3,000, supported by a double-bottom formation that could lead to significant price movements in the coming year.
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Huge Pi Network Update Affects Over 900,000 Pioneers: Details
🚀 Major KYC and Mainnet migration updates have been released, unblocking over 900,000 users previously stuck due to account duplication issues and wallet access problems.
🖐️ The Pi Network is testing a new palm-print verification method, enhancing user authentication while maintaining privacy during the KYC process.
🔧 Additional improvements include better resource management for KYC processing, expanded compatibility for older smartphones, and new resubmission options for users with verification challenges.
Huge Pi Network Update Affects Over 900,000 Pioneers: Details
🚀 Major KYC and Mainnet migration updates have been released, unblocking over 900,000 users previously stuck due to account duplication issues and wallet access problems.
🖐️ The Pi Network is testing a new palm-print verification method, enhancing user authentication while maintaining privacy during the KYC process.
🔧 Additional improvements include better resource management for KYC processing, expanded compatibility for older smartphones, and new resubmission options for users with verification challenges.
🚀 Major KYC and Mainnet migration updates have been released, unblocking over 900,000 users previously stuck due to account duplication issues and wallet access problems.
🖐️ The Pi Network is testing a new palm-print verification method, enhancing user authentication while maintaining privacy during the KYC process.
🔧 Additional improvements include better resource management for KYC processing, expanded compatibility for older smartphones, and new resubmission options for users with verification challenges.
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Cardano Founder Warns IOG YouTube Channel Has Been Compromised
🚨 Charles Hoskinson, founder of Cardano, alerted the community that the official Input Output Global (IOG) YouTube channel has been hijacked, urging users not to trust any content or links posted there.
🤝 The IOG team is actively working with YouTube to take down the compromised channel and reset its credentials, although no immediate signs of a scam have been detected in recent uploads.
🔍 This incident highlights the ongoing security issues in the crypto space, as compromised accounts can easily mislead users into falling for phishing scams, emphasizing the need for vigilance and thorough research.
Cardano Founder Warns IOG YouTube Channel Has Been Compromised
🚨 Charles Hoskinson, founder of Cardano, alerted the community that the official Input Output Global (IOG) YouTube channel has been hijacked, urging users not to trust any content or links posted there.
🤝 The IOG team is actively working with YouTube to take down the compromised channel and reset its credentials, although no immediate signs of a scam have been detected in recent uploads.
🔍 This incident highlights the ongoing security issues in the crypto space, as compromised accounts can easily mislead users into falling for phishing scams, emphasizing the need for vigilance and thorough research.
🚨 Charles Hoskinson, founder of Cardano, alerted the community that the official Input Output Global (IOG) YouTube channel has been hijacked, urging users not to trust any content or links posted there.
🤝 The IOG team is actively working with YouTube to take down the compromised channel and reset its credentials, although no immediate signs of a scam have been detected in recent uploads.
🔍 This incident highlights the ongoing security issues in the crypto space, as compromised accounts can easily mislead users into falling for phishing scams, emphasizing the need for vigilance and thorough research.
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Bitcoin Could Get More Support Than Gold as ETF Hedging Eases: JPMorgan
📈 JPMorgan analysts suggest Bitcoin could gain more price support than gold if ETF hedging demand decreases, with high short interest in BlackRock's iShares Bitcoin Trust (IBIT).
⚖️ The put-to-call open interest ratio for IBIT indicates heavier hedging compared to the SPDR Gold Shares ETF (GLD), despite Bitcoin facing a more skeptical market positioning.
💰 Bitcoin and gold both saw inflows following the Federal Reserve's late-July meeting, but momentum has waned recently due to rising inflation-adjusted bond yields and legislative setbacks.
Bitcoin Could Get More Support Than Gold as ETF Hedging Eases: JPMorgan
📈 JPMorgan analysts suggest Bitcoin could gain more price support than gold if ETF hedging demand decreases, with high short interest in BlackRock's iShares Bitcoin Trust (IBIT).
⚖️ The put-to-call open interest ratio for IBIT indicates heavier hedging compared to the SPDR Gold Shares ETF (GLD), despite Bitcoin facing a more skeptical market positioning.
💰 Bitcoin and gold both saw inflows following the Federal Reserve's late-July meeting, but momentum has waned recently due to rising inflation-adjusted bond yields and legislative setbacks.
📈 JPMorgan analysts suggest Bitcoin could gain more price support than gold if ETF hedging demand decreases, with high short interest in BlackRock's iShares Bitcoin Trust (IBIT).
⚖️ The put-to-call open interest ratio for IBIT indicates heavier hedging compared to the SPDR Gold Shares ETF (GLD), despite Bitcoin facing a more skeptical market positioning.
💰 Bitcoin and gold both saw inflows following the Federal Reserve's late-July meeting, but momentum has waned recently due to rising inflation-adjusted bond yields and legislative setbacks.
BTC+4.51%
GLDETF+0.63%
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BTC blasts past $80,000 — up 5.88% today
Bitcoin ripped higher, trading at $80,846 after opening at $76,355, hitting an intraday high of $81,238 — its best level since September 4. This is a sharp relief rally, recovering a chunk of the losses from a rough stretch that had BTC as low as $75,000 just days ago.
Driving it: the Fed's rate hike came with a dot plot showing rates falling to just 4.1% by end-2027 — signaling the tightening cycle is nearing its end. That, plus $159.5M in fresh ETF inflows and a weaker yen, boosted risk appetite broadly.
The move hit shorts hard: over $445 million in liquidations market-wide, with $230M+ from Bitcoin shorts alone — a classic short squeeze amplifying the rally.
Fair warning: analysts note this move happened fast, and BTC has rejected the $80K-81K range before this cycle. $76,000 remains the key level if momentum fades.
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