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Price analysis 11/10: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

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Bitcoin and Ether are leading the cryptocurrency markets from the front, but the risk of a short-term pullback remains. News of BlackRock registering the iShares Ethereum Trust increased expectations that the asset manager may eventually apply for an Ether (ETH) spot exchange-traded fund. This is a positive sign as it shows that BlackRock’s cryptocurrency aspirations are not limited to Bitcoin (BTC). Market observers are increasingly optimistic that spot Bitcoin ETFs will be greenlighted by the United States Securities and Exchange Commission in 2024. Bloomberg Intelligence research analyst James Seyffart said on X (formerly Twitter) that there is still a 90% possibility that the regulator will approve a spot Bitcoin ETF by Jan. 10 of the next year. Daily cryptocurrency market performance. Source: Coin360 Galaxy Digital founder Mike Novogratz believes that the approval of the Bitcoin ETF, followed by the Ether ETF, will boost institutional adoption in 2024. During Galaxy Digital’s th...
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The Fed’s Fund Rate Correlates With Stablecoin Liquidity: Analyst

Two significant stablecoin liquidity drops have occurred since Terra and FTX crashed. Last September 2022, the Fed raised interest rates by 75 basis points from 2.33% to 3.08%. The USDT and USDC liquidity dropped by $1 billion, equivalent to a 55% drop following the rate hike. According to Tom Wan, Research Analyst at 21.co, two significant stablecoin liquidity drops have occurred since Terra and FTX crashed. Wan used on-chain data to identify a corresponding behavior in the USDT and USDC liquidity on AAVE V2 as measured against the Fed’s fund rate. .@aave V2 USDT+USDC Liquidity vs FED Fund Rate 2 Significant drop in liquidity post Terra & FTX Sep 2022: – FED raises 75bps from 2.33% to 3.08% – USDT & USDC liquidity dropped by $1B (-55%) Jul 2023: – FED raises 25bps from 5.08% to 5.33% – USDT & USDC liquidity dropped by… pic.twitter.com/Vi65UjbWbk — Tom Wan (@tomwanhh) November 10, 2023 The research analyst recent...
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BlackRock’s spot Ethereum ETF plan is confirmed after Nasdaq filing

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Earlier in the day, BlackRock registered corporate entity “iShares Ethereum Trust” in Delaware, the first hint that a filing for a spot Ethereum ETF filing was imminent. Blackrock’s plans for a spot Ethereum exchange-traded fund (ETF) has now been confirmed , per a 19b-4 form filing submitted to the United States Securities and Exhange Commission on Nov. 9. Nasdaq filed the 19b-4 form to securities regulator on behalf of the $9 trillion asset management firm for a proposed ETF called the "iShares Ethereum Trust." The move signals BlackRock’s intention to expand beyond Bitcoin with its ETF aspirations. NASDAQ's 19b-4 filing to the SEC for BlackRock's iShares Ethereum Trust. Source: NASDAQ Earlier on Nov. 9, it emerged that BlackRock registered corporate entity iShares Ethereum Trust in Delaware, the first hint that a spot Ethereum ETF filing could be imminent. UPDATE: BlackRock #Ethereum ETF confirmed . They just submitted a 19b-4 filing with Nasdaq pic.twitter.com...
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CoinGecko reports Arbitrum is largest L2 solution

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In a Nov. 9 post on X, CoinGecko reports Arbitrum as being the largest Layer 2 solution, with a total of $1.79 billion in total value locked (TVL) in October, or 41.2% of the top 10 L2 solutions market share. Although this is still down from its yearly peak of $2.6 billion in May 2023.  Polygon takes second  After Arbitrum, Polygon takes the second spot, with a total of $0.78 billion in TVL over the course of October, with its yearly peak of $1.18 billion being reached in February 2023. At this time, eight months earlier, Polygon had just undergone its V0.3.1 Hardfork upgrade in January 2023, reducing gas spikes and addressing reorganizations for the chain.  What are the largest layer 2 solution s? Our study shows that @arbitrum is the largest L2 solution , with $1.79B in total value locked in October 2023. Let's dive into the numbers and look at the top L2s by TVL Read the full study: https://t.co/ASZ3PaNg9I pic.twitter.com/JVzJE5ybfm — CoinGecko (@coin...
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XRP price prediction as it bounces off upper ‘buy and sell’ support

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Led by the bullish action of the flagship decentralized finance (DeFi) asset and the sector’s total market capitalization increasing more than 3% over the last day, the majority of assets in the cryptocurrency industry are showing strength again, and XRP is no exception. Specifically, by recently surpassing $0.70, XRP has pulled away from its previous 4-hour buy signal at $0.5147 on October 20, and its current price action could lead it back down to $0.6251, according to the Analysis shared by pseudonymous crypto trading expert CoinsKid on November 9. $0.73-$0.76 first? Indeed, the crypto analyst expressed his expectation that the XRP token would go through a “simple micro ABC zig-zag here back down to 0.6251 (HOPIUM?)” and then take out the local high at $0.7336 through invalidation, adding that “XRP keep bouncing off the upper support of the buy & sell like a boss.” XRP price action analysis and prediction. Source: CoinsKid Finally, CoinsKid concluded that the “first ...
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Dogecoin (DOGE) Analysis Says It Could Be Nearing a Breakout

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Dogecoin (DOGE) Analysis has shown that one of the most popular meme coins on the market could be nearing an important breakout. Specifically, crypto analyst Ali Martinez took to X, formerly Twitter, to discuss why the current circumstances for the asset have its potential headed toward an upward trajectory. Specifically, Ali tweeted that Dogecoin is in the middle of a crucial tight zone with massive implications for its impending trajectory. Moreover, he discussed the crucial supply walls that sandwich its current position, one being a support wall and the other being a resistance wall. Source: Pymnts.com Also Read: Dogecoin (DOGE) Mid-November Price Prediction Dogecoin Could be On its Way to Breakout Amid a Tight Zone There are a few digital assets on the market known as Dogecoin. The original meme coin first arrived as a parody of the growing digital assets of the time. Moreover, it was one of the first coins launched after the arrival of the most prominent digital a...
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Bybit appoints Sebastian Gawenda as options business leader

Bybit, a UAE-based crypto exchange, has hired Sebastian Gawenda as its options business leader . Gawenda joins Bybit as an experienced institutional sales expert. He previously led the Institutional Sales teams for Crypto.com’s spot and derivatives exchanges. Earlier, Gawenda was instrumental in guiding the Institutional Relationships and Solutions division for the EMEA region at Kraken.  You might also like: Bybit CEO bridges path to Web3 at Silk Road Forum “There’s a significant market demand for USDC-settled options coupled with access to a thriving spot and derivatives market,” said Sebastian. “I’ve observed this need in conversations with institutions and individual traders. I’m thrilled to join Bybit, which already boasts a thriving spot and derivatives market, a unified trading account, cutting-edge technology, and an exceptional team — it’s a winning combination!” Gawenda is also an experienced algorithm...
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SpookySwap teams up with Horizen EON to expand DeFi innovation 

On November 7, Horizen announced a new integration between its EVM-compatible smart contract sidechain, Horizen’s EON, and SpookySwap, a decentralized exchange (DEX) and yield farm on the Fantom Opera network.  This marks SpookySwap‘s first DEX multichain deployment and is expected to have an impact on the decentralized finance (DeFi) landscape by enhancing liquidity and fostering innovation within the Horizen EON ecosystem. Known for its user-centric approach and advanced Features , SpookySwap brings experience and a community to the Horizen EON ecosystem.  That said, the integration aims to enable smooth asset swaps, yield farming, and liquidity provision, creating an environment for DeFi users and developers. “A significant milestone for Horizen EON ecosystem,” Horizen Labs CEO Cryptocurrency Binance launches in-app Web3 wallet Cryptocurrency Cardano staking surges by 54% to $8 billion in staked ADA Cryptocurrency ...
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Bitcoin Network Experiences Historic Hour-Long Block Production Delay

Bitcoin network faced a one-hour block production delay on Tuesday. The one-hour lapse in a new block on the Bitcoin network is not unprecedented. Bitcoin recorded two instances when the network failed to produce a block for nearly two hours in 2021. Data has shown that the Bitcoin (BTC) network has again experienced a historic temporary lapse in block production, with a notable pause that lasted over an hour. According to Bitcoin’s dedicated blockchain explorer, a delay occurred on November 7 as the network failed to produce a block between 16:47 and 17:56 (UTC+8). Prominent Chinese reporter Colin Wu spotlighted this development in a recent statement on the X platform (formerly Twitter), citing information from the Bitcoin Explorer website. The Bitcoin network did not produce a block for about an hour from 16:47 to 17:56 (UTC+8) on November 7. In May 2023, the Bitcoin network twice did not produce a block for nearly an hour. In 2021, the Bitcoin network...
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Chainlink (LINK) Hits 18-Months High, Targets More Upside

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LINK tapped $13, with technical indicators hinting at a surge to $14.55. A retest of $12.22 is possible, but it may not be able to invalidate the rally. Chainlink’s CCIP has also been influencing the hike in the token’s price due to the surge in adoption. For the first time since April 2022, Chainlink (LINK) blasted through the $13 mark. At the time of writing, LINK’s value was $13.22, indicating a 71.76% surge in the last 30 days. On a Year-To-Date (YTD) basis, LINK’s performance observed a tremendous 132.88% increase. The surge in LINK’s price could be attributed to the renewed interest in the token. This jump in interest was confirmed by the trading volume, which has been on an upward trend for the last few days. Likewise, whales have not been left out. For instance, a smart money tracking account on X (formerly Twitter), Lookonchain, reported how a certain whale bought $3.81 million worth of LINK. This action surely impacted the buying pressure connec...
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XRP Spikes Over 11% to Become Top-Performing Major Crypto

Ripple (XRP) saw a double-digit price surge over the past 24 hours, rallying over 11.5% to become the best-performing top 20 cryptocurrency. According to CoinGecko, XRP reached as high as $0.717 before settling near $0.714 at the time of writing.  Also read: MicroStrategy Buys 155 More Bitcoin in October Data indicates the gains were primarily spot-driven, with XRP futures seeing just over $4.4 million in liquidations. Large liquidations typically suggest leverage-fueled price action. XRP trading volumes spike to $2 billion Ripple ’s trading volumes on spot exchanges spiked to $2 billion on Monday. No immediate catalysts were apparent, but the rally did follow positive Ripple news last week. Last Thursday, Ripple announced the Dubai Financial Services Authority had approved XRP under its virtual asset framework. This enables firms in Dubai to offer Ripple’s services. Also read: Ripple (XRP) Price Prediction: November 2023 The same day, Ripple r...
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NFTs Take Centre Stage In The Latest “Treehouse of Horror” Episode Of The Simpsons

The latest episode of The Simpsons, “Treehouse of Horror XXXIV,” took a dig at NFTs (non-fungible tokens) with several references to the overvaluation of these assets. The first chapter of the episode titled, “Wild Barts Can’t Be Token” aired on Sunday in the US. In this episode, Bart was accidentally turned into an NFT, with Marge battling through a blockchain-powered world to rescue him. The Simpsons Just Made A Full NFT Episode… pic.twitter.com/C7jSuuJ5XW — Cloudz (@FamousCloudzz) November 6, 2023 Mocking The Value Of NFTs The episode also Features multiple appearances by top NFT collections, such as the Bored Ape Yacht Club (BAYC)and Beeple. The BAYC floor price is up by 1.71% in the last 24 hours but remains far below its peak prices. The Simpsons mocked the valuation of some NFTs during the episode. After Bart’s tokenization into an NFT, Homer is initially upset but is later enthusiastic about the $1.5 million valuation of ...
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Quant Holds Above $96 As Buyers Jump Back In

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Nov 06, 2023 at 06:30 // Price Author Coin Idol The price of Quant (QNT) has retreated and found support above the moving average lines. This is a continuation of the uptrend that was broken on October 26 at a high of $110. Quant long term price forecast: bullish The cryptocurrency is reversing its previous downtrend. The altcoin's rise has continued above the moving average lines. Quant will rise if the altcoin finds support above the moving average lines. A break of the resistance at $110 will see QNT rise to a high of $126. Conversely, the al...
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Fake Ledger Live app sneaks into Microsoft's app store, $588K stolen

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The $588,000 was stolen across 38 transactions, with the largest transfer totaling $81,200. Almost $600,000 in Bitcoin (BTC) has been stolen from users who downloaded a fake Ledger Live application on Microsoft’s app store, according to cryptocurrency sleuth ZachXBT. The on-chain analyst spotted the scam, “Ledger Live Web3” on Nov. 5, which is tricking users into thinking that they’re downloading “Ledger Live” — a user interface for Ledger hardware wallets to store cryptocurrency offline. Approximately 16.8 BTC worth $588,000 has been received by the scammer across 38 transactions using wallet address, “bc1q….y64q,” according to Blockchain.com. About $115,200 has left the scammer’s wallet across two transactions, leaving it with $473,800 or 13.5 BTC. Community Alert: There is currently a fake @Ledger Live app on the official @Microsoft App Store which was resulted in 16.8+ BTC ($588K) stolen Scammer address bc1qg05gw43elzqxqnll8vs8x47ukkhudwyncxy64q pic.twitter.com/rOZ0ZWRWbn — ...
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Bitcoin disappoints while Markets Pro delivers 88% gains in 29 hours

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Cointelegraph Markets Pro hands investors breaking alerts leading to multiple double-digit trades in a “dead” crypto market 2023 was anticipated to be the comeback year for Bitcoin. Experts predicted that the King of Crypto would soar to $50,000 or more, but it has only bounced back to about $26,000 since the bear market started in late 2021. Cointelegraph Markets Pro, despite the bearish trends ruling the space, has sent investors more than 150 winning alerts so far this year.  Smart investors are not sitting on the sidelines and waiting for legacy coins to pop. Instead, they rely on Markets Pro — the breakthrough AI-powered crypto trading dashboard — to spot market-moving events before they drive select crypto prices up. As a result, they had the opportunity to jump ahead of gains like 50%, 61%, 80%, and even 88%. Those gains were spotted by just one of the AI indicators — Newsquakes which is considered the fastest and most actionable newsfeed in crypto — built into the dashboard t...
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Ripple: XRP Price Prediction For The Weekend

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Ripple ’s native token XRP is currently trading at $0.60 and has remained in the green for three consecutive days. The fifth biggest currency in terms of market cap worth $32 billion spiked nearly 17% in the last two weeks, despite price prediction stating otherwise. The cryptocurrency is attracting bullish sentiments as the Dubai Financial Services Authority (DFSA) approved XRP for use in the Dubai International Financial Centre (DIFC). Read here to know how XRP will help Dubai in the cryptocurrency and blockchain evolution ushering into a new era. Also Read: Ripple: XRP Forecasted To Rise 35% Today, the Dubai Financial Services Authority (DFSA) approved XRP under its virtual assets regime – allowing licensed firms in the Dubai International Financial Centre (@DIFC) to incorporate XRP into their virtual asset services. Learn more: https://t.co/JNcd4ROhoI — Ripple (@Ripple) November 2, 2023 Now that XRP remains on the front foot, we will highlight a price...
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Solana (SOL) Records 14-Month High with Firedancer Testnet Launch

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SOL’s impressive 80% monthly gain solidifies its position among the top cryptocurrencies, with potential for a $50 breakthrough. Solana’s partnership with Amazon AWS and Firedancer’s scaling solution signals a bright future for the blockchain. Technical indicators suggest a potential negative trend for SOL/USD, with the RSI and MACD pointing towards a bearish movement. Solana (SOL) has marked a significant milestone, soaring to a 14-month high of $46. This remarkable rally, a 12% increase in the last 24 hours, has erased the losses sustained following the FTX crypto exchange collapse. Despite the unstacking of over 500K Solana coins worth $21 million by FTX, the SOL bulls have maintained their dominance, showcasing the asset’s robustness. Moreover, this upward trajectory has propelled Solana’s monthly gains beyond 80%, outshining its peers in the top ten cryptocurrencies with a year-to-date performance surpassing 350%. This feat d...
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Global Crypto Mining News in October: WhatsMiner Launches New Mining Machines, El Salvador's First Mining Pool, Bitmain Pushes Aleo Mining Machine, etc

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1. Bitfarms announced that 411 bitcoins were mined in September 2023, a 7.3% increase from the previous year; 362 of these were sold for total proceeds of $9.5 million; treasury holdings increased to 703 BTC; 4,600 miners were installed in September; and capacity was increased to 51 MW in Argentina, with a ramp-up to 11 MW in Quebec expected in October. Read more 2. Cryptocurrency financial services firm Galaxy Digital’s (GLXY) head of mining, Amanda Fabiano, has left the firm to start her own consulting services company to help bitcoin miners grow their business. Fabiano said she will be working with Compass Mining and Giga Energy, among others, as inaugural clients of the consulting business.She spent three years at Galaxy building up the firm’s mining business, offering operational and capital markets products. Previously she was director of bitcoin mining at Fidelity Investments. (CoinDesk） Read more 3. Volcano Energy announced a new agreement with Luxor Technologies to establish t...
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