Crypto News Sentiment

Updated: 1 month and 9 days ago

Bitcoin hits new highs alongside Chainlink and Zcash gains. But U.S. economic data disappoints, increasing the odds of rate cuts. CZ calls out altcoin fraud and Goldman Sachs warns of AI correction.
Positive news

Bitcoin Breaks Above $124,000

Bitcoin (BTC) recently surpassed $124,000, leading to the liquidation of short positions. Analysts predict further growth to around $126,700, but a retest of lower levels is anticipated first.

Chainlink Sees Strong Weekly Gain

Chainlink (LINK) has gained nearly 10% in a week, trading near $22. Analysts are tracking a potential target of $47, supported by on-chain activity and technical indicators.

Avalanche Bulls Bet Despite Weak Sentiment

Despite overall market weakness, Avalanche (AVAX) bulls are betting on a market rally. This optimism is driven by ongoing positive financial trends and predictions.

Zcash Surges to Three-Year High

Zcash (ZEC) experienced a dramatic rise, reaching a 3-year high and achieving over 150% gains in a week. Analysts are discussing potential future movements for the privacy coin.

SHIB Price Hopes as Ethereum Bridge Restored

SHIB's price is poised for a significant increase as Shibarium plans to restore the Ethereum bridge after a recent $4M exploit. New security measures are in place to support this recovery.

Bitcoin Holdings Exceed Major Banks’ Market Values

Bitcoin holdings have surpassed those of major global banks, marking a strategic shift in asset allocation. This development highlights the growing importance of Bitcoin in the financial world.

Crypto Markets Soar Amid Stimulus Checks

Cryptocurrency markets are experiencing gains, influenced by positive news and renewed monetary policies similar to those seen during the pandemic. Proposed stimulus checks are driving market sentiment.

Bitcoin Near All-Time High During Government Shutdown

Bitcoin is rallying despite the ongoing U.S. government shutdown. The market’s resilience is evident as stocks generally remain positive, except for some tech companies.

Solana Eyes $520 Rally

Solana (SOL) is regaining the $230 mark and targeting $520, reflecting strong bullish sentiment. Analysts are optimistic about the potential for further gains.

BNB Breaks Through $1,050 Mark

BNB has successfully broken the $1,050 barrier, continuing its upward trend from September. Analysts are questioning whether the momentum will push BNB towards $1,100.

New Development in US Government Shutdown

Congress is still grappling with the government shutdown initiated on October 1st. The next critical date in resolving

Negative news

U.S. Services PMI Sinks Near Pandemic Lows, Increasing Fed Rate Cuts Odds

U.S. services activity unexpectedly slowed in September, causing the ISM services PMI to drop to 50. The Business Activity index fell into contraction at 49.9, while New Orders weakened sharply. This development increases the likelihood of Federal Reserve rate cuts.

Why Haven't Expected XRP, SOL, and DOGE Spot ETFs Been Approved Yet?

Spot ETFs for XRP, SOL, and DOGE were anticipated to be approved by the SEC but have yet to be greenlit. Details on the current expectation and reason for the delay are provided.

Binance Founder CZ Criticizes an Altcoin Harshly: They Shared Fake Screenshots

Binance founder Changpeng Zhao (CZ) harshly criticized an altcoin for sharing fake screenshots, highlighting issues with transparency and authenticity in the cryptocurrency space.

Goldman Sachs CEO Warns of Possible 20% Market Correction Due to AI Speculation

Goldman Sachs CEO David Solomon issued a warning about a potential 20% market correction, attributing it to the speculative nature of AI investments.

BNB Coin Price Hits All-Time High as Derivatives Activity Soars; Could Reach $1,520

BNB Coin has set new highs after breaking through a significant resistance level, with derivatives activity surging. Analyst projections suggest further upward movement towards $1,520.

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