Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
Veröffentlicht am

Solana holds near $220 amid 50% drop in daily transactions, ETF hopes fuel bullish sentiment

  • Solana price maintains near the $220 level amid market volatility, buoyed by ETF hopes.
  • Daily network transactions drop 50% from July’s 125 million peak.
  • The total value locked hovers above $32 billion despite reduced on-chain activity.

Solana’s price hovers around $220 even as on-chain data reveals a significant contraction in network activity.

While a 50% dip in transactions is a factor to pay attention to, anticipation surrounding potential spot exchange-traded funds approvals and growing corporate interest provide bullish fuel for SOL.

Solana sees 50% dip in daily transactions

According to a recent report from CryptoQuant, Solana’s daily transaction count has declined sharply in recent months. Data shows the metric has shrunk by nearly 50% from its July peak.

The on-chain analytics firm shared details of the dip in the metric via X, showing that these transactions have dipped from highs of $125 million on July 24 to around 64 million.

The decline, detailed in CryptoQuant’s October 9 analysis, signals potential capital outflows and waning retail engagement. SOL’s price has climbed over 20% in the same period.

Given this outlook, experts say the price growth does not align with market activity.

“The steep drop in transaction count strengthens the hypothesis that the recent price surge may be driven more by market sentiment and speculative activities rather than by a sustainable and organic increase in demand for the Solana network,” CryptoQuant analyst CryptoOnchain wrote.

Solana price outlook as bulls hold near $220

Despite this dip, SOL remains anchored above $200 and was holding near $220 at the time of writing.

According to market observers, whale accumulation is up and potential spot Solana ETF approval has bulls largely in control.

Technical indicators support this outlook. Solana’s daily chart has the 50-day moving average ascending and providing dynamic support above $217.

Meanwhile, the relative strength index (RSI) sits at 46 to indicate neutral momentum – although buyers may have to reposition to avoid fresh declines.

If this happens, there’s plenty of room to target key levels before hitting overbought conditions.

SOL price chart by TradingView

A decisive close above $230 could invalidate bearish patterns, while $236–$255 offer a critical resistance zone.

What underpins Solana’s market strength?

Market watchers point to Solana’s maturing infrastructure and growing institutional interest.

As noted, the likelihood of Solana spot ETFs launching in the coming weeks remains despite the US government shutdown.

SOL’s price is also expected to rise significantly if the SEC gives a nod to multiple applications following its recent directive to issuers.

Bloomberg ETF analyst Eric Balchunas pointed this out via X:

Meanwhile, inflows into Solana crypto products have jumped in the past two weeks – a fresh $706 million inflow record last week is an example.

Notably, Solana’s price is increasingly decoupled from short-term noise as DeFi dominance grows.

The total value locked is down 2% in the past 24 hours, but holds above $32 billion as open interest also ticks up to $14.7 billion.

The post Solana holds near $220 amid 50% drop in daily transactions, ETF hopes fuel bullish sentiment appeared first on CoinJournal.

Veröffentlicht am

Dash jumps 44% to lead privacy coin rally as Zcash momentum spreads

  • Dash price exploded 44% to near the $50 mark, its highest level since December 2024.
  •  Tornado Cash also spiked as tokens like Verge, Decred mirrored the Zcash price.
  • Privacy coins are signalling a bullish comeback as the crypto market embraces older coins.

Privacy-focused cryptocurrencies staged a strong comeback this week, with Dash (DASH) soaring more than 44% and notable gains also seen in Verge (XVG) and Tornado Cash (TORN).

The rally follows a sharp rise in Zcash (ZEC) over recent weeks, which appears to have reignited investor enthusiasm for privacy-oriented digital assets.

By Friday, DASH, TORN, and XVG all showed renewed bullish momentum, supported by increasing trading volumes and a resurgence of sentiment reminiscent of the 2017 crypto bull run, when privacy coins were among the market’s top performers.

DASH explodes 40% to lead privacy coins

While Zcash has dominated headlines amid a parabolic rally in the past few weeks, Dash is quietly mirroring the trajectory.

As of writing on October 10, 2025, the privacy coin led its top peers in 24-hour gains.

As per CoinGecko, the altcoin boasted about 44% in intraday gains to change hands around $44.20.

However, Dash price had tested highs of $47.80 amid a 165% jump in daily volume, which stood around $384 million.

The rally means Dash has extended gains after crossing the critical $32 resistance level, with both technical and fundamental catalysts at play.

Overall, a rally for privacy coins has been a key driver, while institutional interest and traction for DashPay have also injected bullish sentiment.

Retesting the $50 psychological barrier will allow for a short-term recalibration that could see bulls target $100.

If the upbeat mood remains amid broader market volatility, key medium-term targets include $200 and 2021 highs above $400.

Nonetheless, the weekly RSI hints at a pullback.

DASH price chart by TradingView

Horizen, Tornado Cash also rally

The surge in Dash (DASH) is part of a broader synchronised rally sweeping across the privacy coin sector, which has gained renewed momentum amid rising interest in zero-knowledge technologies and privacy-centric protocols.

Data from CoinGecko shows the sector climbed 14% in the past 24 hours, supported by Verge (XVG) — up 21% to $0.008 — and Tornado Cash (TORN), which jumped 26% to $18.95.

These gains mirror the meteoric rise of Zcash (ZEC), which recently hit $268 on major exchanges, sparking widespread bullish sentiment.

Railgun (RAIL) has also surged 70%, reflecting investor enthusiasm for privacy infrastructure tied to shielded transactions and zero-knowledge proof systems.

The rally coincides with the “Uptober” narrative that has lifted sentiment across the broader crypto market, with privacy tokens emerging as standout performers amid renewed speculation and growing demand for decentralized anonymity solutions.

The post Dash jumps 44% to lead privacy coin rally as Zcash momentum spreads appeared first on CoinJournal.

Veröffentlicht am

Litecoin ETF decision imminent: Is $400 next for LTC?

  • Litecoin price jumped more than 10% to breach resistance at $130
  • The altcoin is trending among top gainers today as traders ride spot exchange-traded funds sentiment.
  • If LTC goes parabolic amid ETF approval, analysts target gains to $400 and higher in coming months.

Litecoin (LTC) has posted a decent intraday gain of over 10%, climbing from lows of $115 to hits of $132.

The uptick in the altcoin’s price signals fresh investor enthusiasm amid broader cryptocurrency market bullish sentiment.

However, LTC is taking bears to the edge as anticipation surrounding regulatory approval of LTC exchange-traded funds ticks up.

Crypto analysts say profit reallocation to legacy coins could combine with the anticipated nod post-US government shutdown to send Litecoin price past its all-time high above $400.

Litecoin price surges 10% to retest $130

Litecoin’s price action today has been marked by renewed vigor.

After falling to lows of $115 as Bitcoin gave up gains to near $120,000, bulls have pushed up more than 10% to see the asset retest the psychologically significant $130 resistance level.

It’s a move that has Litecoin looking to break above highs last seen in December 2024.

Gains have come amid surging institutional buying, with on-chain metrics showing a 15% uptick in large wallet accumulations.

Per data the Litecoin Foundation shared on X, the network also hit another key milestone – it has processed over 3 million transactions in the past two weeks.

LTC’s resurgence has investors aggressively positioning and daily trading volume has jumped more than 170% to over $2.02 billion as of writing.

Litecoin ETF decision imminent – Is $400 next?

Macroeconomic tailwinds, including US Federal Reserve’s minutes and commentary on interest rates, have helped bulls. But that’s not all.

Despite the partial US government shutdown briefly stalling the Securities and Exchange Commission (SEC) activities, latest developments suggest an approval for the first spot Litecoin ETFs is on deck as soon as the shutdown ends.

The impending SEC decision on spot Litecoin ETFs looms as a major catalyst for LTC’s price trajectory. Analysts have pointed to the approval as being largely a done deal.

Bloomberg ETF analysts James Seyffart and Eric Balchunas have pointed this out this week, noting that Canary Capital’s amended S-1 filing for Litecoin and Hedera ETFs includes details that are usually the last inclusions before the greenlight.

With SEC’s recent adoption of generic listing standards for crypto products live, the market is abuzz that the highly anticipated approvals are next.

ETFs and corporate treasuries are therefore a likely massive confluence of bullish catalysts for Litecoin.

In terms of price prediction, Litecoin has to breach $140 and successfully flip the zone into a demand reload area.

Gains to highs of $200 are likely to elevate buying pressure across the market and a technical breakout could allow for a run towards $350 and then the highs of $400.

Litecoin’s all-time peak currently holds at $412, reached in May 2021.

The post Litecoin ETF decision imminent: Is $400 next for LTC? appeared first on CoinJournal.

Veröffentlicht am

Ripple price forecast: XRP could slip below $2.70

Key takeaways

  • XRP is down 1% in the last 24 hours and risks dropping below the $2.70 support level.
  • The bearish performance comes as Bitcoin and other leading altcoins underperform.

XRP continues to struggle below $3

XRP, the native coin of the Ripple ecosystem, is the worst performer among the top 10 cryptocurrencies by market cap this week. The coin lost 7% of its value in the last seven days and gave up its spot in the market list to BNB. 

The poor performance has seen XRP struggle to hit the $3.0 mark despite Bitcoin racing to a new all-time high and Ether surpassing $4,700. With Bitcoin’s rally currently undergoing a correction, XRP could face further downside movement in the near term.

The futures Open Interest (OI) continues to be poor, suggesting that traders are not optimistic of an XRP rally in the near term. The poor performance could see XRP drop below its crucial support level in the near term. 

XRP could dip below $2.70 as the bearish trend continues

The XRP/USD 4-hour chart is bullish and efficient despite XRP losing 7% of its value this week. Its price faced rejection from the upper trendline boundary since last week and has lost 8% of its value by Thursday. The poor performance saw XRP close below the 100-day Exponential Moving Average (EMA) at $2.85. At press time, XRP is trading at $2.808 per coin. 

XRP/USD 4H Chart

The RSI of 36 is below the neutral level of 50, indicating bearish momentum is gaining traction. If the bearish trend continues, XRP could enter the oversold region soon. Furthermore, the Moving Average Convergence Divergence (MACD) indicator showed a bearish crossover earlier this week, flashing sell signals in the near term. 

If the correction persists, XRP could extend its decline towards the daily support at $2.70. A further downward movement could see XRP drop to the $2.68 low in the near term. 

However, if XRP recovers, it could extend its rally towards the key resistance level at $3.0 over the coming hours and days.

The post Ripple price forecast: XRP could slip below $2.70 appeared first on CoinJournal.

Veröffentlicht am

Bitcoin drops as bearish data sparks a 10% price dip warning

  • Bitcoin has dropped below the key 120,000 dollar level amid a fresh sell-off.
  • The market is showing signs of low volume and a lack of upward momentum.
  • Key on-chain data shows a lack of bid support below the 120,000 dollar mark.

The triumphant return of the bulls has proven to be a fleeting and fragile affair.

Just as the market was beginning to celebrate a new era of price discovery, a wave of determined selling has sent Bitcoin tumbling back below the critical 120,000 dollar level, a brutal rejection that has the bears once again in control and raises the grim prospect of a much deeper correction.

The sell-off, which has seen the leading cryptocurrency fall nearly 3 percent on the day, is a story of fading momentum and evaporating support.

The recent all-time highs now feel like a distant memory as the market slices through the bid liquidity that had once held it aloft.

A market bracing for a deeper cut

The mood among seasoned traders has shifted from cautious optimism to a grim acceptance of a new, more bearish reality.

The market is now at a critical inflection point, with the very support that was so hard-won now under a sustained and powerful assault.

“Market does still quote bid liquidity around 121K-120K but what we need to see next is absorption of sellers to rule out a sweep lower,” the popular trader Skew wrote in his latest market commentary on X.

His short-term outlook was stark, adding that the market was “quite likely to be dominated by new shorts opening.”

This view is being reinforced by the data.

The trading resource Material Indicators highlighted that the market is now facing its “3rd consecutive Daily support test at the trend line,” a technical setup that suggests the bears are growing bolder with each attempt.

Data from CoinGlass paints an even more worrying picture, showing a distinct lack of bid support much below the 120,000 dollar mark, while a wall of sell orders has multiplied overhead.

The return of the $108,000 ghost

This short-term weakness is taking place against a backdrop of a more troubling long-term picture.

The veteran trader Roman warned his followers on X that the situation for Bitcoin remains tenuous, despite its recent record highs.

“A friendly reminder that we are once again printing more bearish divergences, low volume, & lack of momentum on HTF. Both 1W & 1M,” he wrote, pointing to a series of classic warning signs that the rally is running out of steam.

His conclusion is a chilling one for the bulls: the local range lows at 108,000 dollars, a level that has been a key battleground in the past, could soon come back into play.

The king of crypto may have briefly touched the heavens, but the bears are now doing their best to drag it back down to earth.

The post Bitcoin drops as bearish data sparks a 10% price dip warning appeared first on CoinJournal.