Crypto News Sentiment

Updated: 1 month and 14 days ago

XRP and Ethereum are showing strong potential with ETF inflows rising, while Metaplanet stock surges. Conversely, Bitcoin faces buyer hesitancy, stablecoin rewards are under fire, and Iran restricts transactions amid economic woes.
Positive news

XRP Bounce Incoming?

A cryptocurrency analyst predicts XRP could rise to $3 or $3.15 if technical support levels hold. The asset has found support at the lower level of a parallel channel.

Ethereum Shows Strength

Ethereum price has recovered above $4,150 and is consolidating. A break above $4,220 could lead to further gains.

Crypto News Today

Bitcoin tops $114K, Ethereum is above $4,200, while AI and DeFi sectors face losses. The crypto market sees mixed performance today.

SEC Kills 19b-4 Filings

The U.S. Securities and Exchange Commission has asked issuers of proposed ETFs tied to XRP, Litecoin, Solana, Cardano, and Dogecoin to withdraw their 19b-4 filings.

XRP ETF Approval Odds Now 100%

Bloomberg analyst Eric Balchunas believes the odds of XRP ETF approval are virtually guaranteed, with projections of a $33 rally.

Metaplanet Stock Price Up

Metaplanet stock gained 10% after CEO Simon Gerovich announced the release of their Bitcoin Income Generation Strategy results.

Ethereum Leads ETF Inflows

Ethereum ETFs attracted $546.96 million on September 29, surpassing Bitcoin ETFs, which brought in $521.95 million.

Vanguard's Cryptocurrency Stance

Vanguard, a major asset management company, issued a statement addressing claims about a change in its stance on cryptocurrencies.

Negative news

Bitcoin Buyers Step Back After Failed Push Beyond $115,000

Bitcoin trading has been subdued as the market failed to sustain above $115,000, indicating cooling demand and a cautious trader sentiment. Reports suggest that investor interest waned following this attempt, with prices now oscillating within a limited range.

Stablecoin Rewards Under Fire with Coinbase Accusing Banks of Bailout Play

There is growing tension between traditional financial institutions and crypto exchanges over stablecoin rewards. Coinbase is leading opposition to banks' efforts to restrict these rewards, highlighting the broader conflict between established finance and digital assets.

Iran Caps Stablecoin Transactions as Rial Hits Record Low

Iran has imposed strict limits on stablecoin transactions, capping annual purchases at $5,000 per individual and total holdings at $10,000. This move reflects the country's efforts to manage its economic challenges amidst a plummeting rial value.

Solana (SOL) Attempts Recovery – Yet Lacking Momentum Could Stall Bullish Breakout

Solana is experiencing a recovery attempt from above $200, supported by the $192 level. However, the price faces resistance near $215, and a sustained decline below $215 and $220 could reverse this trend. A bullish breakout remains uncertain due to current market dynamics.

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