Schlagwort: crypto business

Veröffentlicht am

BNB hits a new ATH of $1,370 as the broader market recovers

Key takeaways 

  • Binance’s BNB is up 11% in the last 24 hours and has set a new all-time high of $1,370.
  • The crypto exchange paid $283M in compensation to users affected by the depegging of three assets on its platform.

BNB hits a new ATH as Binance comes under fire

BNB, the native coin of the Binance ecosystem, has continued its excellent performance by hitting a new all-time high earlier today. The coin touched $1,370 early on Monday, setting a new all-time high in the process and hitting a market cap of $187 billion.

The third-largest cryptocurrency by market cap temporarily dropped to the $1,077 support on Friday as the broader crypto market recorded massive losses. However, it has since bounced back and is now trading above $1,300.

The rally also comes as Binance faces criticism from traders within the crypto community. Traders recorded massive losses on Friday as Binance depegged three Binance Earn assets.

The depeg occurred in three Binance Earn markets — Ethena’s stablecoin USDe, Binance-issued Solana liquid staking token BNSOL, and Wrapped Beacon liquid staking token WBETH.

However, Binance announced that it had paid $283 million in compensation to the affected users. Furthermore, it covered users with verified losses from internal transfers/Earn redemptions.

BNB could hit $1,500 as rally continues

While the broader crypto market is recovering, BNB has also rallied to a new all-time high. The BNB/USD 4-hour chart is bullish and efficient thanks to BNB’s rally over the last 24 hours.

BNB/USD 4H Chart

The momentum indicators remain extremely bullish, suggesting that BNB could rally higher in the near term. The RSI of 63 shows that buyers are in control and could push BNB into the overbought region if the bullish bias persists. The MACD lines are also within the positive region, indicating a bullish bias.

If the rally continues, BNB could surge towards a new all-time high of $1,500 over the next few days or weeks. However, if BNB undergoes a correction, it could decline and retest the weekend low of $1,077 ovr the coming hours or days.

The post BNB hits a new ATH of $1,370 as the broader market recovers appeared first on CoinJournal.

Veröffentlicht am

Ether price forecast: ETH eyes further recovery as price nears $4,200

TL;DR

  • ETH is up 8.5% in the last 24 hours and is now trading above $4,100.
  • The coin could extend its recovery if the daily candle closes above $4,232. 

ETH tops $4,100 after Friday’s flash crash

Ether, the second-largest cryptocurrency by market cap, is recovering excellently following Friday’s crash. The market crash saw ETH briefly touch the $3,500 region as it lost over 30% of its value within an hour.

However, the coin has now added 8.5% to its value over the last 24 hours and is now trading at $4,165 per coin. The crash was caused by President Trump announcing new tariffs against Chinese imports.

While commenting on the recent market events, Nick Forster, Founder at leading onchain options platform, Derive.xyz, stated that, on the day of the crash, options skew dropped sharply for both BTC and ETH, reflecting a rush into downside protection. Skew measures the relative demand for calls versus puts; a more negative value indicates higher demand for puts.

“Volatility spiked sharply across BTC and ETH markets. Typically, sharp selloffs only lift short-dated volatility (1-7 DTE) as traders expect near-term turbulence to subside. However, Friday’s downturn drove elevated volatility across all expiries, signaling expectations of sustained turbulence and a choppy road ahead,” Forster added. 

ETH could surge higher if the daily candle closes above $4,232 resistance

The ETH/USD 4-hour chart is bearish and inefficient thanks to Friday’s price action. ETH failed to find support around the daily level at $4,488 last week and dumped by over 20% on Friday. However, it has recovered slightly, closing above $4,150. At press time, ETH hovers at around $4,160.

ETH/USD 4H Chart

Like Bitcoin, Ethereum’s MACD still supports the bearish view but could change soon as the buying pressure increases. The RSI of 54 is above the neutral 50, suggesting that buyers are regaining control of the market. 

If ETH continues its recovery and closes above the daily resistance at $4,232, the coin could surge higher towards the next key resistance level at $4,488. However, failure to overcome the $4,232 resistance could see ETH extend its decline toward the 61.8% Fibonacci retracement level at $3,593 in the coming days.

The post Ether price forecast: ETH eyes further recovery as price nears $4,200 appeared first on CoinJournal.

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.