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As September draws to a close, the cryptocurrency market faces renewed volatility, with Ethereum dropping 8% to around $4,354. Historically, the third quarter tends to end in negative territory, with September often marking one of the weakest months for digital assets. Now, investors are turning their attention to October traditionally dubbed “Uptober” for its bullish … Read more
Central banks worldwide are reportedly exploring the idea of including Bitcoin, currently trading around $121,471, alongside gold as part of their reserve assets. This potential shift reflects a gradual move away from reliance on the US dollar and growing institutional interest in digital assets. As the global monetary landscape evolves, both Bitcoin and gold are … Read more
At the start of the week, Bitcoin reached $121,603 before a correction on October 7 pushed it below $120,000. It is currently trading near $121,000, about 4% below its recent high of $126,220, showing resilience despite short-term volatility. Analysts such as Justin d’Anethan from Arctic Digital and Vincent Liu from Kronos Research note that this … Read more
The cryptocurrency market faced renewed turbulence as Bitcoin fell sharply to around 121,000 dollars following the opening of U.S. markets. This decline, driven by persistent macroeconomic uncertainty and concerns over a potential government shutdown, triggered wider losses among altcoins, with tokens like XRP, XPL, and NEAR suffering sharper drops. Within the first hour of trading, … Read more
The September FOMC minutes from the U.S. Federal Reserve hinted at potential additional rate cuts before the end of the year, prompting Bitcoin to stabilize between $121,000 and $124,000. Policymakers foresee up to two more rate reductions, with futures markets already pricing in looser financial conditions in the fourth quarter. Tim Misir, head of research … Read more
DeFi Development, in partnership with Superteam Japan, has unveiled Japan’s first Solana-based treasury, DFDV JP, valued at $222 million. Following the announcement, Solana’s native token, SOL, saw a positive price reaction, standing out among altcoins by returning to the green zone. This initiative marks DeFi Development’s second expansion in Asia and aims to provide institutional … Read more