Crypto Today: Bitcoin worth $16 million from Satoshi’s time are on the move, Ethereum up 3%, XRP dips slightly

• Bitcoin worth more than $16 million mined in 2009 were transferred on Friday. 
• Ethereum gains over 3% as spot Ethereum ETFs end a three-day streak of outflows with $5.2 million in inflows on Thursday.
• XRP declines slightly as Ripple holders await the Securities & Exchange Commission’s next steps in the ongoing legal battle. 

Bitcoin, Ethereum, XRP updates

• Bitcoin trades above $63,400 early on Friday. The largest crypto asset by market capitalization notes activity from Bitcoin wallets holding BTC that was mined in 2009. On-chain data intelligence firms identified several miners from the Satoshi-era (back when the creator of Bitcoin was active between 2009 and 2011), moving BTC held in their wallet addresses. 

• Movement of Bitcoin held by miners holds significance for traders as it could be a “profit-taking” move, influencing BTC price.
• Ethereum trades above key support at $2,500 on Friday, gains nearly 4%. The US-based spot Ethereum ETFs ended their three day negative streak and noted a $5.2 million inflow on Thursday, according to data from Farside Investors.

Ethereum ETF flows

• XRP dips 0.03%, down to $0.5869 at the time of writing. It remains to be seen whether the Securities & Exchange Commission appeals the final ruling in the lawsuit agains Ripple Labs. 

Chart of the day: PUNDIX

Pundi X (PUNDIX) ranks among the most trending tokens on Binance. PUNDIX rallied 22% on Friday, touching a peak of $0.4925 before retreating toto $0.4644 at the time of writing. 

PundiX unveiled Purse+, the first of its kind of Artificial Intelligence (AI) and social integration browser plugin for users. Enabling the extension qualifies users for ecosystem rewards. 

The token could gain another 14.53% and hit the upper boundary of the Fair Value Gap (FVG) at $0.5331 – a key resistance level for PUNDIX – if the rally persists. On its path to $0.5331, the token could face resistance in two zones: between $0.5110 to $0.5331, and between $0.4944 to $0.4816. 

The Moving Average Convergence Divergence (MACD) indicator shows green histogram bars above the neutral line, signaling underlying positive momentum in PUNDIX price trend. 

PUNDIX/USDT daily chart 

Looking down, the asset could find support at the September 18 low at $0.3633. 

Market updates 

• MicroStrategy announced the purchase of 7,420 Bitcoin for nearly $458.20 million. The firm acquired Bitcoin at an average price of $61,750.

• Germany shut down operations of 47 crypto exchanges hosted in the country, per information from a press release issued by the German government on September 19. 
• These exchanges allegedly facilitated illegal money laundering activities for cybercriminals, the country’s law-enforcement agencies said. 
• dYdX community votes to add SUNDOG, a Tron-based meme coin, to the exchange on Friday. Meme coins were one of the most profitable categories of tokens for traders in the first half of 2024. 

Industry updates

• Ebi.xyz emerges as one of the fastest growing decentralized exchanges on the Arbitrum chain with over 145,000 new users registered in a week. This suggests rising adoption of DEXes among traders.
• Binance, one of the largest crypto exchanges, announced loanable assets at flexible rates. 

• Around 97 million in USDT influx to centralized exchanges were attributed to Cumberland-related addresses. Cumberland is a professional crypto trading firm. Crypto intelligence tracker Solid Intel shares details of the on-chain transfers:

Typically, an influx of stablecoin on exchanges represents demand for cryptocurrencies and could be accompanied by a rise in crypto prices.