Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
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Current options are limited to direct token purchases or foreign funds. Binance and Kasikornbank are leading the crypto growth in Thailand. The SEC is advocating a bill for enhanced oversight and enforcement capabilities. Thailand is gearing up to broaden its cryptocurrency exchange-traded fund (ETF) options to include a wider variety of tokens beyond just Bitcoin, with plans set to launch in early 2025. This initiative, led by the Securities and Exchange Commission (SEC), arises as the Thai stock market experiences a 7.6% decline this year, leading regulators and institutions to seek digital asset alternatives. In conjunction with this expansion, the…
Highlights:Bitcoin might have peaked at $119,500 as price signals indicate “overbought.”Traders are eyeing a support retest to stabilize its latest bounce, which is approaching 10% for the week.ETF inflows reached $1.6 billion in three days, with IBIT entering the top 20 ETFs by assets.Bitcoin (BTC) seems poised for a brief pullback and support retest as price metrics signal “overbought.”Traders cautioned Thursday that BTC/USD could decline after reaching six-week highs above $119,000.RSI suggests a pause for BTC priceBitcoin has surged nearly 10% over the last week as bulls make a comeback, mirroring the rise in gold.Following its ascent to over $119,500…
Highlights: Bitcoin might have peaked at $119,500, as price indicators indicate an “overbought” status. Traders are looking for a support retest to stabilize the recent rebound, which is approaching a 10% increase over the week. ETF inflows reached $1.6 billion in just three days, with IBIT advancing into the top 20 ETFs by assets. Bitcoin (BTC) appears poised for a short-term pullback and support retest as price indicators signal “overbought.” Traders cautioned on Thursday that BTC/USD could decline after reaching six-week highs above $119,000. RSI Indicates BTC Price May Need a Pause Bitcoin has surged almost 10% over the past…
Key takeaways:XRP sets a support level at $2.80, with a potential descending triangle breakout suggesting a 23% surge to $3.66.Approval of spot XRP ETFs by the US Securities and Exchange Commission may enhance October’s momentum.XRP (XRP) price increased by 5% over the last 24 hours, marking an 11% rise from its local low of $2.69 to trade just under $3 on Thursday. This trend positions XRP for additional gains in October, supported by various on-chain, technical, and fundamental indicators.Onchain data backs XRP breakout scenarioXRP achieved a record quarterly close on Tuesday, surpassing a crucial support zone between $2.75-$2.80, as reported…
Paul Faecks, founder of Plasma, dismissed claims of insider selling following a significant drop of over 50% in the value of the project’s native token, XPL, over the weekend.On Thursday, Faecks rejected allegations that the team sold tokens on the market, clarifying that both investor and team allocations are locked for three years with a one-year cliff. “No team members have sold any XPL,” he asserted.On September 25, Plasma officially launched its mainnet beta alongside its native Plasma (XPL) token. The layer-1 blockchain aims to facilitate cheaper and faster stablecoin payments.Post-launch, XPL surged to nearly $1.70 on Sunday before progressively…
Key takeaways:XRP finds support at $2.80, with a potential descending triangle breakout indicating a 23% increase to $3.66.Approval of spot XRP ETFs by the US Securities and Exchange Commission may enhance momentum in October.XRP (XRP) price increased by 5% over the past 24 hours, climbing 11% from its local low of $2.69 to trade just below $3 on Thursday. This upward movement positions XRP for additional growth in October, supported by various on-chain, technical, and fundamental indicators.Onchain data bolsters XRP breakout potentialXRP’s record quarterly close on Tuesday occurred as the price rose above a crucial support zone between $2.75-$2.80, according…
Avalanche (AVAX) experienced a remarkable September, with DEX trading volume reaching a three-year peak and a billion-dollar treasury deal. Additionally, interest from ETF issuers in AVAX is on the rise. Simultaneously, technical indicators suggest that AVAX is at a pivotal point for a potential breakout if it sustains key support levels. This scenario fosters expectations for a new growth phase for Avalanche in the medium term. Avalanche’s Key Events and Notable FiguresSponsored In September, the Avalanche (AVAX) ecosystem saw impressive metrics following a period of stagnation. Official statistics reveal that DEX trading volume on Avalanche hit $17.4 billion, marking the…
Certainly! Here’s the rewritten content with the HTML tags preserved: Recent on-chain data indicates that the Realized Value (RVT) for short-term Bitcoin holders has significantly decreased. Here’s a look at what history might indicate for BTC moving forward. Short-Term Bitcoin Holder Realized Value RVT Approaches Cycle Lows In a latest post on X, the blockchain analytics firm Glassnode revealed the current trend in the Realized Value RVT for Bitcoin’s short-term holders. This RVT metric acts as an oscillator, reflecting the ratio of profits and losses realized by BTC investors relative to the overall transfer volume on the network. In essence,…