On Tuesday, major crypto coins moved higher on market optimism and driving bullish sentiments. In the last 24 hours, the global cryptocurrency market cap increased by about 1% to around $1.33 trillion.

As of 12:10 p.m., Bitcoin was up 0.16% to $34,930, while Ethereum was slightly below $1,900.

Other popular altcoins, such as Dogecoin and Toncoin, increased by more than 6% each. BNB, Cardano, Solana, Polygon, Polkadot, and Litecoin all increased in value.

Meanwhile, XRP gained 3% as a result of Ripple’s involvement in notable projects such as a recently announced CBDC pilot in Georgia and its inclusion in Dubai’s virtual assets regime.

Bitcoin is trading in a narrow range between $34,800 and $35,200. This indicates that traders are anxiously awaiting its next big move, either up or down. Bitcoin has to sustain $34,200 as support in order to continue rallying in the next weeks.

The overall volume in DeFi is currently $4.89 billion, accounting for 11.98% of the entire 24-hour volume in the crypto market. The total volume of all stablecoins is now $36.08 billion, accounting for 88.44% of the total 24-hour volume of the crypto market.

Bitcoin’s, the world’s largest cryptocurrency, market cap has risen to $682 billion in the previous 24 hours. According to CoinMarketCap, Bitcoin now has a 51.45% market share. BTC volume increased by 4.01% in the last 24 hours to $13.02 billion.

Bitcoin is currently sitting around $34,918 with tiny daily movements, underpinned by a critical point of $34,662. It faces immediate resistance around $35,352, which might lead to higher goals like $36,834 and $37,722, while support levels around $34,112 provide reinforcement and extra cushions at $33,425 and $32,432 if needed.

The price of major crypto tokens fell on Friday after crypto entrepreneur and former FTX founder Sam Bankman-Fried was found guilty of multi-billion dollar FTX fraud.

Sam Bankman-Fried, the former cryptocurrency kingpin accused by US prosecutors of stealing billions of dollars from his customers, was convicted guilty on all counts on Thursday and now faces up to 110 years in prison.
The jury deliberated for only five hours after a five-week trial in New York. The sentencing of the individual known as “SBF” will take place at a later date.

Meanwhile, as a result of the news, the global cryptocurrency market cap fell 1.8% in the last 24 hours to $1.28 trillion.
At roughly 1.25 p.m., Bitcoin was trading 2.5% down at $34,389, while its largest peer, Ethereum, was trading at $1,796, down 2%.
The majority of MCap’s top 20 cryptos are now trading in the red. BTC was on the verge of breaking the $36k barrier before correcting and returning to trade over $34.5k. Many investors believe that this is a reaction to Sam Bankman-Fried’s guilty judgement in the FTX fraud trial.

Bitcoin is currently trading above the $34,400 mark, with some traders locking in profits following the October rally. Bitcoin must break beyond the $35,000 barrier or find support near $34,300 to resume its upward trend. Market sentiment is now neutral as investors await the release of the US Non-farm payroll report later today.

Solana was the worst performer among the major crypto tokens, plummeting more than 10%. Dogecoin, Tron, Polkadot, XRP, and Shiba Inu were all down 1-3%.

Bitcoin’s, the world’s largest cryptocurrency, market cap has dropped to $671 billion in the previous 24 hours. According to CoinMarketCap, Bitcoin presently has a 52.6% market share. BTC volume fell 24.6% in the last 24 hours to $19.2 billion.

In Thursday’s trading, the cryptocurrency markets saw gains as Chair Jerome Powell hedged on the potential end of the rate-hiking cycle and the US Federal Reserve held steady with interest rates.

On Wednesday, the Federal Reserve kept interest rates unchanged as decision-makers grappled with whether financial conditions were already stringent enough to contain inflation or if additional restraint was necessary in light of the economy’s persistent outperformance.

Following a two-day policy meeting, Powell stated that, in light of the current uncertainties, it would be prudent to keep the Fed’s benchmark overnight interest rate in the current range of 5.25% to 5.50% while monitoring changes in job and price data until the next policy meeting in December.

In the meantime, the global cryptocurrency market cap increased by 2.45% to reach over $1.3 trillion in the past day following the Fed’s announcement.

With its largest peer, Ethereum, trading at $1,837, up 1.9%, Bitcoin was trading 2.5% higher at $35,308.

Since the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve said that interest rates will remain constant at 5.25%–5.50% as expected, bitcoin has been trading above the $35,500 threshold. Because of this, there has been a bullish feeling in the market and a steady increase in the price of Bitcoin over the past day.

Now, traders are waiting for Friday’s nonfarm payrolls report from the US Labour Department.

Solana rose more than 12%, making it the top gainer among other popular crypto assets. While BNB, XRP, Dogecoin, Litecoin, and Shiba Inu climbed 2-3%, Cardano, Polygon, Polkadot, and Avalanche surged over 6% apiece.

Currently, DeFi’s total volume is $6.12 billion, or 10.34% of the 24-hour volume of the whole cryptocurrency market. At $53.02 billion, the total volume of all stablecoins represents 89.62% of the 24-hour volume of the cryptocurrency market.

The largest cryptocurrency in the world, Bitcoin, saw a spike in market capitalization to $689 billion in the past day. Currently, 52.77% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC fell 68% to $25.8 billion in the last day.

From a technical standpoint, BTC closed the daily candle above the critical $35,000 resistance level, demonstrating a positive mood. Even though there could be a little retreat, the trajectory seems to be heading towards the resistance levels between $39,800 and $40,000.

To allow for more upward movement, however, ETH still needs to overcome its 2023 resistance levels, which are about $2,020 and $2,140, it continued.

Quick take on the cryptocurrency price on October 30: The worldwide market capitalization increased to $1.27 trillion.

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, held onto the $34,000 level early Tuesday, as the entire market’s Fear & Greed Index stayed at 72 (greed), according to CoinMarketCap. In contrast, Ethereum (ETH) is steadily approaching the $1,800 level. Popular altcoins witnessed slight gains across the board, including Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC). THORChain (RUNE) went on to become the top gainer, with a 14 percent gain in 24 hours. Render (RNDR), on the other hand, became the biggest loser, falling more than 4% in a 24-hour period.

At the time of writing, the worldwide crypto market valuation was $1.27 trillion, up 0.35 percent in 24 hours.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin was $34,259.87 after a 0.19 percent drop in the previous 24 hours. BTC was trading at Rs 29.60 lakh on the Indian market WazirX.

Ethereum Price Today
At the time of writing, the price of ETH was $1,799.78, representing a 0.78 percent increase in the previous 24 hours. According to WazirX, the current price of Ethereum in India is Rs 1.54 lakh.

Dogecoin Price Today
According to CoinMarketCap data, DOGE gained 0.65 percent in a 24-hour period and is currently trading at $0.06922. According to WazirX, the Dogecoin price in India was Rs 6.03.

Litecoin Price Today
Litecoin gained 0.88 percent in a 24-hour period. It was trading at $68.94 at the time of publication. In India, the price of LTC was Rs 5,905.01.

Ripple Price Today
The price of XRP was $0.5758, up 3.92 percent in 24 hours. According to WazirX, the current price of Ripple is Rs 49.60.

Solana Price Today
Solana was trading at $35.70, up 9.44 percent in 24 hours. According to WazirX, the SOL price in India was Rs 2,950.

While Ethereum saw a half-percent increase but stayed below the $1,800 mark, Bitcoin held steady, gaining roughly 1% to hover comfortably above 34,000 levels.

On Monday of this week, Bitcoin and other cryptocurrency tokens maintained their positive trend. Every cryptocurrency token entered the early trading, sustaining the momentum from the previous weekend. The recent increase in cryptocurrency was aided by the excitement surrounding the regulatory approval of a spot bitcoin exchange-traded fund (ETF) listing.

As the biggest cryptocurrency token gained almost 1% and managed to stay well above 34,000 levels, Bitcoin remained stable. But Ethereum, its biggest rival, saw a half-percent increase as well but managed to stay below the $1,800 mark. The majority of altcoins were seeing profitable trades.

Because of the general optimism about the possible approval of Bitcoin Spot ETF applications in the US, the cryptocurrency managed to keep its position above the $34,000 barrier.

With $1.7 billion in trading activity, the ProShares Bitcoin Strategy ETF (BITO) saw its second-largest trading week to date. Meanwhile, the Grayscale Bitcoin Trust (GBTC) posted $800 million in trading volume, which may have contributed to the optimistic mood of the market as a whole. Ethereum, however, continued to trade at a valuation higher than $1,700.

On Monday, the vast majority of popular cryptocurrency tokens saw increases in price. Chainlink and Polkadot both gained three percent, although Solana increased by almost one percent. In the early trade, XRP, Cardano, and Polygon all saw gains of roughly 2% apiece. Stablecoins tied to the dollar also increased slightly.

The value of the world’s cryptocurrency market was trading much higher, having increased by 6% on the previous day to reach the $1.26 trillion mark. Nonetheless, the total trading volume reached $27.37 billion, an increase of over 13%.

At the end of the week, Bitcoin had gained an incredible 15%. Although BTC stayed below its local resistance of $35,000, it remained in a favourable position throughout the weekend. At the moment, the price is centred at $34,300, while ETH is trading marginally above the $1,765 local support level.

Notably, a number of major macro events this week, including as the US FOMC meeting, the monthly release of the US unemployment rate, US job vacancies, and the US non-farm Employment Change, have a substantial impact on the cryptocurrency market. The cryptocurrency market may become more volatile as a result of these occurrences.

Bitcoin stayed firm, gaining roughly a percent to hover stubbornly above 34,000-levels, while Ethereum gained half a percent apiece but remained below $1,800.

On Monday, Bitcoin and other crypto currencies maintained their upward momentum in the new week. All crypto coins participated in the early trades, extending the weekend momentum. The recent crypto rally has been aided by the enthusiasm around regulatory approval of a spot bitcoin exchange-traded fund (ETF) listing.

Bitcoin maintained its strength, gaining roughly 1% and remaining strongly above the 34,000-levels. However, its greatest peer, Ethereum, saw a half-percentage-point increase but remained below the $1,800 mark. The majority of altcoins were trading at a profit.

Bitcoin maintained its position above the $34,000 mark, owing to the current bullish view for the likely approval of Bitcoin Spot ETF applications in the United States.

The ProShares Bitcoin Strategy ETF (BITO) had its second-largest trading week to date, with $1.7 billion in trading volume, while the Grayscale Bitcoin Trust (GBTC) had $800 million, potentially increasing the general market’s favourable attitude. In contrast, Ethereum’s trading value remained above $1,700.

On Monday, the bulk of the main crypto tokens were trading higher. Solana gained roughly 3%, while Chainlink and Polkadot gained 3% each. Polygon, Cardano, and XRP all climbed approximately 2% in early trading. Even dollar-pegged stablecoins increased in value.

The worldwide cryptocurrency market cap was trading much higher, reaching $1.26 trillion after increasing by around 1% in the last 24 hours. However, total trade volumes increased by more than 13% to $27.37 billion.

Bitcoin finished the week with a whopping 15% increase. Throughout the weekend, BTC remained positive while remaining below its local resistance at $35,000. The price is currently hovering around $34,300, with ETH trading slightly above the local support level of $1,765.

It’s worth mentioning that the crypto market will be heavily influenced this week by a number of macro events, including the US FOMC meeting, the monthly announcement of the US unemployment rate, US job vacancies, and the US non-farm Employment Change. These occurrences have the potential to cause volatility in the cryptocurrency market.

Bitcoin witnessed some profit booking as it fell more than 1% but managed to retain around 34,000-levels, while Ethereum was also seen in red, slightly lower, and remained around $1,800-levels.
Bitcoin and other cryptocurrencies took a breather on Friday ahead of the weekend’s lack of events. However, a slowdown in the digital asset market was expected following a significant gain in the previous few days. Analysts expect buying enthusiasm to stay in the digital asset market in the coming days.
Bitcoin experienced some profit booking as the largest crypto asset fell more than 1% but managed to stay around 34,000 levels. However, its greatest peer, Ethereum, was also in the red, somewhat lower, and remained below the $1,800 mark. The vast majority of altcoins were trading with cuts.
The cryptocurrency market appears to be cooling off after a seven-day rise. With a score of 70/100, the crypto fear and greed index is likewise firmly into the greed zone, indicating bullish feelings among crypto investors. The broader crypto market has reacted similarly and appears to be cooling off following the rise.
In related news, Deutsche Bank and Standard Chartered’s SC Ventures are testing UDPN, a system that allows blockchain, stablecoins, and CBDCs to connect in the same way that SWIFT does in traditional banking. UDPN connects blockchains, implements digital identification standards, and allows for controlled transactions.
The bulk of popular crypto coins were trading down on Friday, with a few outliers. Polkadot fell more than 3%, while Toncoin, Polygon, and Chainlink each fell 2%. Among the gainers, Solana and BNB each gained nearly 1%, while Dogecoin rose somewhat.
The worldwide cryptocurrency market cap was trading much lower, down to $1.26 trillion, after losing more than 1% in the previous 24 hours. However, total trade volumes fell by nearly 7% to $46.88 billion.

Quick take on the cryptocurrency price on October 21: The global market capitalization remained unchanged at $1.26 trillion.

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, managed to cling onto the $34,000 level over the weekend, while the broader market’s Fear & Greed Index stood at 72 (greed) early Monday morning, according to CoinMarketCap. Popular altcoins, including as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), had slight increases. Gala (GALA) went on to become the top gainer, gaining more over 16 percent in a 24-hour period. Maker (MKR), on the other hand, became the biggest loser, with a more than 2% drop in a 24-hour period.

At the time of writing, the worldwide crypto market valuation was $1.26 trillion, up 0.85 percent in 24 hours.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin was $34,290.95, a 0.82 percent increase in a 24-hour period. BTC was trading at Rs 29.65 lakh on the Indian market WazirX.

Ethereum Price Today
At the time of writing, the price of ETH was $1,748.48, representing a 0.51 percent 24-hour increase. According to WazirX, the current price of Ethereum in India is Rs 1.55 lakh.

Dogecoin Price Today
DOGE gained 0.49 percent in a 24-hour period, according to CoinMarketCap data, and is currently trading at $0.06871. According to WazirX, the Dogecoin price in India is Rs 5.98.

Litecoin Price Today
Litecoin gained 1.24 percent in a 24-hour period. It was trading at $68.28 at the time of writing. In India, the price of LTC was Rs 5,920.01.

Ripple Price Today
The price of XRP was $0.555, up 2.09 percent in 24 hours. According to WazirX, the current price of Ripple is Rs 47.42.

Solana Price Today
Solana was trading at $32.86, up 3.57 percent in 24 hours. According to WazirX, the SOL price in India was Rs 2,731.

On a daily basis, the Bitcoin (BTC) price exhibits not one, but numerous sell signals. To make matters worse, on-chain data reveal widespread profit-taking. While the rise fueled by the probable ETF approval has boosted BTC so far, the lack of it could send the pioneer cryptocurrency lower.

Bitcoin ETF news is critical to the continued rally.

For some years, the approval of a Bitcoin spot Exchange-Traded Fund (ETF) has been a speculative event. However, ETF-related innovations have recently accelerated. After losing a run of crypto lawsuits, the US Securities and Exchange Commission (SEC), which approves or disapproves ETF products, has been on the defensive.

The initial run-up in Bitcoin prices began in mid-October, following the SEC’s dismissal of Grayscale’s lawsuit for transforming the GBTC product into a spot ETF offering, as well as other ETF-related news. However, because there have been no updates, BTC has been trading sideways.

Regardless, the speculative Bitcoin trading frenzy will reach new heights in January 2024, the next critical deadline for the ETF decision. This event will either make or break the cryptocurrency space. However, investors should be prepared for a regression before then, especially given that the Bitcoin price has been emitting multiple sell signals.

Bitcoin’s price may fall soon

Bitcoin’s (BTC) price increased by 30% between October 16 and 24, reaching a local high of $35,280. Because of the tremendous bullish momentum, this move was spectacular. However, since the formation of this swing high, BTC has been trading sideways. The daily candlestick closures have generated an upward slope since October 25, which may appear bullish to the naked eye. A closer examination of the Relative Strength Index (RSI) reveals that it is sliding downward. This deviation is known as bearish divergence, and it frequently results in a pullback or correction.

This is the first major sell signal that investors should be aware of.

In addition to the bearish divergence, the Momentum Reversal Indicator (MRI) has flashed two sell signals. The first sell signal was posted in the shape of a red down arrow following the daily candlestick closure on September 13. The MRI showed another red down arrow nine days later. This indicator predicts one to four down candlesticks.

As a result, investors may see the Bitcoin price fall. The Fair Value Gap (FVG) range, which stretches from $30,248 to $32,832, and its midpoint of $31,540, are important support levels to monitor.

Quick analysis of cryptocurrency prices on October 10: The value of the worldwide market grew to $1.27 trillion.

The world’s oldest and most valuable cryptocurrency, Bitcoin (BTC), started Thursday morning stable around the $34,000 range. After falling below $1,800 yesterday, Ethereum (ETH) was able to reclaim the mark today. Other well-known altcoins, including as Litecoin (LTC), Dogecoin (DOGE), Ripple (XRP), and Solana (SOL), performed well overall. Memecoin Pepe (PEPE) has seen an incredible wild ride. It started out as the top gainer on Tuesday, turned into the biggest loss on Wednesday, and then managed to turn things around again to become the biggest gainer today—a perfect example of severe cryptocurrency volatility.

The value of the entire cryptocurrency market was $1.27 trillion at the time of writing, a 1.33 percent increase in only one day.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin was $34,792.09, representing a gain of 2.27 percent in a day. As to the Indian exchange WazirX, the current value of Bitcoin was Rs 29.51 lakh.

Ethereum Price Today
At the time of writing, the price of ETH was $1,811.83, a 1.29 percent increase in just 24 hours. Ethereum’s price in India was Rs 1.53 lakh, according to WazirX.

Dogecoin Price Today
As of right now, DOGE is trading at $0.07167, having gained 8.39 percent in a day, according to statistics from CoinMarketCap. The price of Dogecoin in India was Rs 6.13, according to WazirX.

Litecoin Price Today
Litecoin gained 0.41 percent in a 24-hour period. As of writing, its trade price was $69.89. The price of LTC in India was Rs 5,905.01.

Ripple Price Today
The price of XRP was $0.5575 after rising 0.72 percent in a day. WazirX reported that the price of ripple was Rs 48.

Solana Price Today
The price of solana was $32.57, up 4.91 percent over the previous day. The price of SOL in India was Rs 2,760.30, according to WazirX.