🔽 The market is in the red again — let’s figure out what happened

The first reason is the decline of the US stock market due to reports from tech companies that did not meet investors' expectations.

🔷 The second significant factor was the capital outflow from #Ethereum #ETF amounting to over $133 million.

🍰 And the cherry on top was the new payouts from #MtGox, transferring $2 billion in #BTC to exchanges.

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#CryptoNews

🧭 The Fear and Greed Index has plummeted to 17

Despite the rise in prices after yesterday's drop, the Fear and Greed Index is in the zone of extreme fear. The last time it was at this level was in the summer of 2022, when the price of #BTC was $20,000.

🪙 Currently, #Bitcoin is holding support above the $55,000 level, and the #Ethereum #ETF has seen a capital inflow of $48 million.

📈 An additional positive factor for the market is that fears of a recession in the US are diminishing amid the growth of the Business Activity Index in the service sector.

Did you manage to buy the dip?

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#CryptoNews

🚀 #Ethereum has surpassed #Bitcoin

At the end of yesterday's trading session, the #Bitcoin-#ETF recorded an outflow of $148 million, while the #ETH-ETF, on the contrary, attracted about $98 million.

Meanwhile, the Fear and Greed Index has rebounded from yesterday's extreme levels and is now at 29, which is characterized as regular fear.

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#CryptoNews

#Analytics #SOL

🪙 Currently, experts estimate the potential of #Solana to be in the range of $300 to $1000 per coin. However, on-chain data points to a more likely scenario in the near future — a return to the $190 level.

Among the most significant reasons for SOL's growth are applications for the launch of #Solana-#ETF, the continued interest in meme coins within this ecosystem, the growing competition with #Ethereum in #DEX, and the active efforts of the Solana team to improve the project.

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this is not a trading recommendation

⚡️ The official #Litecoin account hints at an #ETF

It seems that the project team intends to make #LTC great again, though it's possible that this is just an attempt to draw attention amidst the ETF hype 💰

However, considering that #Litecoin is currently not in its best shape and isn't even in the top 20 by market capitalization, this move could very well breathe new life into the "digital silver," which we, bytheway, wrote about here.

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#CryptoNews

Institutional investors bought 27% more #Bitcoin-#ETF in the second quarter of this year than in the first.

#FactOfTheDay

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🌍 Weekly #CryptoDigest News:

🪙 BTC.D (Bitcoin Dominance over Altcoins) — 56.93%
🧭 Fear & Greed Index — 28

🇺🇸 19.08 4:15 PM (GMT+3) USD — Speech by Waller from the Fed

🇺🇸 20.08 9:45 PM (GMT+3) USD — Speech by Fed Vice Chair for Supervision Barr

🇺🇸 21.08 3:30 PM (GMT+3) USD — Initial Jobless Claims. Forecast — 233k; Previous Value — 227k

🇺🇸 23.08 5:00 PM (GMT+3) USD — Speech by Fed Chair Powell

📌 Trump's chances of winning have risen to 47%

🕯 Over 260 investment firms bought #Bitcoin-#ETF in Q2

🔒 A vulnerability in #Windows was found that allows cryptocurrency theft; the malicious script targets BTC, ETH, XMR, XLM, XRP, LTC, ZEC, BCH, DASH

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🪙 SEC Rejects #SOL-#ETF Proposals

The 19b-4 proposals submitted by Cboe BZX from potential #Solana ETF issuers have been rejected by the #SEC. The agency reminded that it still considers Solana a security.

Apparently, Tyler Winklevoss — co-founder of Gemini — was not without reason when he called on over 50 million U.S. crypto investors to put pressure on Kamala Harris to fire the SEC chair and end the "war on cryptocurrency" 🤷‍♂️

#CryptoNews

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#Analysis #BTC

🪙 #Bitcoin has held above $53,000 and yesterday tested the $58,000 level. On the 4-hour chart, the RSI indicator points to a potential trend reversal

📈 All this signals that a breakout of the $59,000 resistance level is possible, with bulls taking control of the market.

The case for growth is also supported by the fact that inflows into #BTC-#ETF on Monday amounted to around $28.5 million after an 8-day period of outflows.

⚠️ However, it’s important to remember that only a third of September — historically the most negative month for cryptocurrencies — has passed, so caution is advised.

this is not financial advice

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🚀 The market is rising after Jerome Powell's statements

The key points of his speech were that the Federal Reserve is fully focused on inflation and employment, economic activity continues to grow, and the decision has been made to adjust policy towards less restraint.

📣 The most interesting part that pushed the market upward was Powell's statement that the Fed is ready to continue lowering rates in November and December, provided that there is positive economic data. As a reminder, the rate was near zero until March 2022. A return to these levels could be a powerful catalyst for capital inflow into high-risk assets.

🪙 However, it's worth noting the muted reaction of #BTC, whose price did not show significant growth despite the positive news, due to a $52.7 million outflow from #ETF.

#CryptoNews

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🕯 #BlackRock in a new report called #BTC a unique asset for diversification

The #Bitcoin-#ETF is positioned as a hedging tool against fiscal, monetary, and geopolitical risks. The key point is the irregular correlation of #BTC with the U.S. stock market and the resilience of digital gold to market fluctuations caused by panic.

📈 Notably, the report also includes a section titled "Bitcoin’s Path to a $1 Trillion Market Capitalization."

#CryptoNews

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📈 Historically negative September brought Bitcoin an 8% increase

Today, #BTC broke the $64,000 level, where it last traded on August 26. Experts cite the recovery of the U.S. stock market after the Fed's rate cuts and the Bank of Japan's decision to maintain its rates as the main drivers of the growth.

🕯 The current situation with cryptocurrencies is developing according to the classic scenario: the dollar index is falling, but high-risk assets are rising, benefiting from increased liquidity.

#ETF also saw capital inflows, with over $158 million added yesterday, signaling positive sentiment among institutional investors.

#CryptoNews

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#Analysis #ETH

🔷 #CryptoQuant published a technical analysis of #Ethereum:

After a prolonged decline, the 30-day moving average of ETH funding rates showed a bullish shift.

📈 This coincided with the market returning to high price levels and an increase in Ethereum’s value, which may signal a reversal of the bearish trend for this coin.

Meanwhile, spot Ethereum-#ETF saw the largest inflow of funds since the beginning of August — $62.5 million.

not a trading recommendation

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⚡️ Japan is ready to revise cryptocurrency regulations

In addition to plans to launch yen-pegged stablecoins and to test a cross-border cryptocurrency transfer platform by Japanese banks, the country's government authorities are soon planning to reduce taxes on digital assets and open domestic funds for investment.

📌 This is particularly important and interesting as this step could lead to the launch of a cryptocurrency #ETF in Japan, which will bring additional funds to the market.

A specialized agency has already begun assessing the current approach to cryptocurrency regulation and promises to present a report with new recommendations in the coming months.

#CryptoNews

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#Opinion

🪙 #StandardChartered believes that #Solana will increase in value by five times

This forecast is based on the assumption that, in the event of Donald Trump's victory in the elections, the #SOL-#ETF will be approved and launched within the next year.

Additionally, experts noted the potential for #ETH to triple in value and #BTC to quadruple by the end of 2025. The outlook for Bitcoin generally aligns with market expectations of the digital gold reaching around $200,000, with the timing being the only question.

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😎 #MicroStrategy Outperforms S&P500 Thanks to the "Bitcoin Strategy"

In a recent interview, Michael Saylor stated that his company has surpassed the stock growth of any other in the S&P500 index. Over the past four years, the growth has been 1,540% compared to the index's 111%. Some experts even claim that #BTC is following the rise in #MSTR stock prices.

📌 Meanwhile, the total number of cryptocurrency users has reached 617 million, and capital inflows into #Bitcoin-#ETF continue to grow, reaching $1.38 billion over the week.

📈 The positive momentum in the crypto market is also fueled by Japan's announced economic stimulus measures and expectations that the Fed will lower interest rates to 3.25% by June next year.

#CryptoNews

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🌍 Weekly #CryptoDigest News:

🪙 BTC.D (Bitcoin Dominance over Altcoins) — 58.36%.

🧭 Fear and Greed Index — 72

🇺🇸 23.10 17:30 USD — Crude Oil Inventories. Previous value — 2,191M.

🇺🇸 24.10 15:30 USD — Initial Jobless Claims. Forecast — 243K. Previous value — 241K.

📌 The #BTC hash rate has reached 769.8 EH/s — this is an all-time high.

🇯🇵 Japanese politicians promise to reduce the cryptocurrency tax by 20%.

📈 Inflows into #Bitcoin #ETF have exceeded $20 billion in 10 months. It took gold 5 years to achieve the same results.

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📌 Key points from #CoinDesk's analysis in the regular #HotPicsFromX column:

🕯 There is a correlation between the rise in gold prices and new #ATH for #BTC: for example, gold reached a record high in 2020, which subsequently led to #Bitcoin reaching new price peaks by the end of the same year.

📆 The same pattern is happening now — in the last seven trading days, inflows into #Gold-#ETF have reached record highs for the past two years. Once the growth in gold prices halts, investors may shift their focus to BTC.

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📌 Friday #CryptoDigest News:

🐳 Whale #Bitcoin holdings have reached an all-time high. Currently, they hold around 670,000 coins, and the number of wallets with a balance of over 100 #BTC has increased by nearly 300 addresses over the past two weeks.

🇺🇸 Yesterday, a wallet reportedly belonging to the U.S. government was hacked, resulting in the theft of confiscated assets worth $20 million.

🏎 #Tesla shares rose by 22% following the earnings report. Additionally, the company confirmed that all of its Bitcoins remain on the balance sheet, despite rumors.

📈 Funds continue to accumulate BTC; on Thursday, capital inflows to #ETF exceeded $188 million.

⚠️ Analysts warn: if #Bitcoin does not reach a new ATH by the end of November, it could signal serious issues in the current bull cycle.

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