Ripple’s XRP token has defied cryptocurrency market trends with a surprising 5% surge to over $2.56, marking an 11-day high despite significant whale selling activity that saw 70 million tokens liquidated in just 48 hours. The unexpected price movement appears driven by two key factors: Ripple’s landmark completion of its $1.25 billion acquisition of prime broker Hidden Road, now rebranded as Ripple Prime, and favorable US inflation data that created optimal conditions for risk-on assets.
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0 in Finance and 5 in Crypto last week
Bitcoin Nears $110.8K Resistance: Breakout or Pullback Ahead?
Bitcoin is consolidating near the critical $110,800 resistance level as traders watch for a potential breakout confirmation. The formation of an ascending triangle pattern suggests upward momentum could be building. Meanwhile, key economic data and Federal Reserve policy decisions loom as potential market catalysts.
read moreBitcoin Volatility Continues as CPI Data Sparks $114K Rally
Bitcoin experienced dramatic price swings last week, briefly touching $114,000 before settling around $111,000. The cryptocurrency’s movements were heavily influenced by key economic data and major institutional developments. Despite the volatility, BTC posted a healthy 5.7% weekly gain while altcoins showed even stronger performance.
read moreUS CPI Beats Forecasts, Bitcoin Surges Past $112K
The latest US Consumer Price Index data for September revealed both regular and core inflation at 3% year-over-year, slightly below the 3.1% consensus forecast, triggering an immediate surge in Bitcoin price above $112,000. This unexpected moderation in inflation increases the likelihood of Federal Reserve interest rate cuts, creating bullish conditions for risk assets like cryptocurrencies.
read moreFed’s ‘Skinny’ Accounts May End Crypto Banking Woes
The US Federal Reserve is considering a groundbreaking solution to the crypto industry’s persistent banking challenges through new ‘skinny’ payment accounts that would grant fintech companies direct access to the central bank’s payment system. Fed Governor Christopher J. Waller’s endorsement of this initiative signals a potential end to what industry insiders have termed ‘Operation Chokepoint 2.0′ – the coordinated regulatory pressure that has limited crypto firms’ banking relationships. This development represents a significant shift in the Federal Reserve’s approach to payment system innovation and could fundamentally transform how digital asset companies access critical financial infrastructure.
read moreBitcoin’s October Slump May Spark 21% Rebound: Analyst
Bitcoin’s recent price drop could be a temporary setback rather than a trend reversal, according to historical data analyzed by economist Timothy Peterson. October has historically been one of Bitcoin’s strongest months, with rare 5%+ drops often followed by quick recoveries. The current market volatility coincides with US-China trade tensions and tariff announcements.
read moreCrypto Market Plunge: $900M Liquidations Hit ETH, XRP, SOL
The cryptocurrency market is experiencing a severe downturn following President Trump’s warning against China, triggering massive liquidations nearing $900 million. Major cryptocurrencies including Ethereum, Bitcoin, and altcoins like SOL and DOGE have suffered significant losses, with ETH breaking below key support levels. The sell-off has wiped out over 250,000 traders in a single day, marking a dramatic reversal from the market’s recent $4.4 trillion capitalization peak.
read moreIndian Markets Set for Weak Start Despite Global Gains
Indian benchmark indices Sensex and Nifty 50 are poised for a lower opening on Monday, contrasting with positive momentum in Asian markets. This comes despite Friday’s gains in domestic markets driven by metal and banking stocks. Investors are closely monitoring multiple global triggers that could influence market direction throughout the week.
read moreFed: Aging Population to Boost Bitcoin Demand Through 2100
Global demographic shifts and rising wealth could power cryptocurrency adoption and asset demand well into the next century. The Federal Reserve projects that an aging population with more capital to invest will drive sustained demand for assets including Bitcoin through 2100.
read moreBitcoin Hits $126K All-Time High, Market Cap Tops $2.5T
Bitcoin has shattered all previous records with a stunning surge to $126,000, establishing a new all-time high after nearly two months of consolidation. The cryptocurrency’s explosive rally has propelled its market capitalization to $2.5 trillion, surpassing tech giant Amazon and approaching the valuation of silver. This historic breakthrough occurs during what crypto enthusiasts traditionally call ‘Uptober,’ a period known for bullish momentum in digital assets.
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