Bitcoin and several altcoins continue to show strength, but charts suggest that each needs a strong close above a key exponential moving average to continue the uptrend.
OpenEden has raised an undisclosed round backed by Ripple and major institutions to expand tokenized US Treasurys.
Solana has quietly become the busiest chain for x402 payments, clocking an all-time high $380,000 in daily volume and a 750% weekly jump.
A similar setup in 2023 preceded a 340% Bitcoin rally, reinforcing the argument that BTC is undervalued at current prices.
Some Bitcoiners are speculating that the significant surge in the odds of a Fed rate cut in December may lead to Bitcoin finding a price “bottom here for now.”
The memecoin Mog Coin saw a slight lift in its price on Wednesday after Canary Capital filed to launch an ETF tracking the token.
Acting FDIC Chair Travis Hill said the agency is also working on a regime for stablecoin issuance and expects to issue a proposal for an application process by the end of year.
Bitcoin’s price is now at a “pivotal juncture” as the fate of the market cycle depends on incoming macro signals and maintaining key technical price levels.
Crypto’s recent slump could be the result of a market maker liquidity crisis triggered by the crypto crash in October, speculates BitMine’s Tom Lee.
Bitcoin opened the week in the red as fears of a Bank of Japan rate hike triggered a yen carry trade unwind, potentially risking a drop in BTC price to $67,000.