Crypto News Sentiment

Updated: 17 days ago

Crypto surges as Bitcoin, Ethereum, XRP, Doge and Kaspa rally amid US-China trade optimism and positive signals. But watch out! $317M in liquidations hit, banks face cash declines, and Bitcoin's inflation hedge claim is questioned.
Positive news

Bitcoin Accelerates Higher Bitcoin price attempts recovery above $113,500. A clear move above $115,500 could see further gains. The price is trading above $114,000 with support at $113,350.

Binance Halts ApeCoin for Contract Swap Binance suspends ApeCoin (APE) deposits and withdrawals for a critical contract upgrade to ensure token security.

Bitcoin Set for Massive Surge Adam Livingston predicts a surge in Bitcoin as bank reserves near a 'danger zone'.

Ethereum Moves Higher Ethereum starts recovery above $4,000, facing key hurdles near $4,220 and $4,250.

Bitcoin Surpasses 50-Day Average Bitcoin tops the 50-day average, though the Coindesk BTC trend indicator remains bearish.

Iranian Bank Quits, Affects Millions Ayandeh Bank's dissolution impacts 42 million customers due to heavy losses and debts.

Market Update: Crypto Gains Bitcoin and Ethereum lead broad gains in the crypto market, influenced by US-China trade talks.

XRP Price Gains Traction XRP surges above $2.63, setting up for a push towards $2.80 with strong volume.

Dogecoin Breaks Range Dogecoin breaks multi-month range, with resistance at $0.21 now acting as support.

Kaspa Eyes $0.07 Kaspa tests $0.06, with two signs hinting at further upside.

Crypto Market Rally Top digital assets like Bitcoin, Ethereum, and Solana jump 3-7%, driven by positive US-China trade talks.

Upbit Suspends IOTX for Hard Fork Upbit announces a temporary suspension of IOTX for a hard fork, effective November 3rd.

Japan's New Yen Stablecoin JPYC, Japan's new stablecoin, stands out as the only truly global fiat-pegged token in Asia.

Bitcoin Soft Fork Controversy A proposed Bitcoin soft fork faces legal threats and criticism from Bitcoiners.

Bitwise Hints at Solana ETF Bitwise suggests potential Solana ETF approval, pending regulatory factors.

Ripple-Backed Evernorth Ripple-backed Evernorth amasses over $1 billion in XRP ahead of Nasdaq listing.

**Solana

Negative news

Bank Cash Declines at Federal Reserve Amid Market Adjustments Bank cash at the Federal Reserve dropped to approximately $2.93 trillion. Analysts view this trend positively for cryptocurrencies, particularly Bitcoin.

Massive Crypto Liquidations: Over $317M Wiped Out, Shorts Devastated In a volatile 24-hour period, over $317 million was wiped out due to crypto liquidations, with short sellers suffering significant losses.

The Worst Bull Run Ever? How Institutions, Memes, and Macro Turned Crypto’s Glory Cycle Into a Grind Despite setting record highs, the current bull run in crypto feels lackluster. Altcoins have fallen drastically, and retail interest has waned, raising doubts about the market’s future.

Specialist Company Says “Bitcoin Is Not a Protection Against Inflation,” Explains Why NYDIG, an asset management firm, has published a report challenging the notion that Bitcoin protects against inflation, offering insights into their analysis.

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