- Bitcoin loses recent gains and trades at $63,823 on Monday.
- Ethereum erases 1%, down to $2,631.
- XRP falls by more than 2% on the day, slipping under the psychologically important $0.65 level.
Bitcoin, Ethereum and XRP updates
- Bitcoin trades at $63,823 at the time of writing. Bitcoin Spot ETFs recorded inflows consistently for seven days, according to data from Farside Investors. Inflows to Spot ETFs typically represent demand among institutional investors. BTC lost over 3% value on the day, correcting over 4% from September’s monthly peak of $66,498.
- Ethereum exchanges hands at $2,601, down 2% on the day. Ethereum Spot ETFs recorded a net positive flow of $58.7 million on Friday. The altcoin erased 4.5% of its value compared to the monthly high of $2,728.60.
- XRP slips under $0.6500, a key psychological support level for holders. The altcoin declined on Monday as XRP holders speculated the likelihood of Securities & Exchange Commission’s (SEC) appeal in the Ripple lawsuit.
Chart of the day : Ethena (ENA)
Ethena (ENA), the utility token of the Ethena protocol, is one of the top trending tokens on Binance in the spot market. The token ranks in the top 10 cryptocurrencies that yielded the highest gains in the last 24 hours. ENA, which ended its multi-month downward trend on September 14, gains 2.63% on the day.
ENA is likely to extend its gains by 9.65% and rally towards the upper boundary of the Fair Value Gap (FVG) between $0.3920 and $0.4180.
The green histogram bars above the neutral line on the Moving Average Convergence Divergence (MACD) indicator show there is underlying positive momentum in ENA price trend.
ENA/USDT daily chart
In case of a correction, ENA could find support in the imbalance zone between $0.3792 and $0.3064.
Market updates
- Vitalik Buterin shared a vision to align Layer 2 and Layer 3 chains with the Ethereum blockchain in a recent blog post. This is an important development for ETH holders and users holding tokens of Layer 2 projects that are currently taking steps towards aligning the project and the chain’s utility with the Ethereum blockchain.
- PEPE, a leading meme coin, is listed on Noones Spot Exchange, according to an official announcement on X.
You can now trade @PEPE on the #NoOnes Spot Exchange! With 3 new coins added every week, we’re the ONLY #Crypto #Exchange with a 7-bullet privacy policy , letting you trade with just your name and email — the simplest #KYP ever! Why trade anywhere else? ♂️
— Noones App (@noonesapp) September 30, 2024
Check out our… pic.twitter.com/iGUo4aySuh
- Tron (TRX) successfully completed a security assessment of its Java-Tron client by ChainSecurity, a blockchain security firm. The assessment focused on key components of the blockchain to identify and resolve any vulnerabilities that could potentially affect the blockchain’s performance, including transaction execution, block generation, and consensus operations.
Industry updates
- Chainlink (LINK) further committedto Real World Asset tokenization (RWA) through an official partnership with ANZ, an Australian bank. The DeFi project will secure the cross-chain exchange of tokenized assets for the bank.
.@ChainlinkLabs is officially partnering with ANZ—a leading Australian bank with over A$1 trillion in AUM—in the Monetary Authority of Singapore's Project Guardian.#Chainlink CCIP will help enable the secure cross-chain exchange of tokenized RWAs. https://t.co/nlXJPJKjDv
— Chainlink (@chainlink) September 30, 2024
- World Liberty Financial, a project supported by former US President Donald Trump’s family office, opens Know Your Customer (KYC) verifications, according to an announcement on the official website. The website is under maintenance at the time of writing.
- On-chain data from Spot On Chain shows that the Ethereum Foundation’s wallet address sold 100 Ether on Monday through CoWSwap exchange. Former ETH sales by the organization have been criticized as they contribute to increasing the selling pressure on the token, likely negatively influencing its price.
The Ethereum Foundation sold another 100 $ETH for 262,474 $DAI about 10 minutes ago!
— Spot On Chain (@spotonchain) September 30, 2024
So far in 2024, the Ethereum Foundation has directly sold 3,766 $ETH for 10.46M $DAI via #CoWSwap at an average price of $2,777. Notably, 1,250 $ETH ($3.06M) has been sold in September alone.… https://t.co/OFQiC42V4t pic.twitter.com/PBgaBxZtjr
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Johann Kerbrat, Robinhood Crypto GM: “US regulation to be late compared to EU and Asia”
Johann Kerbrat is the Crypto General Manager at Robinhood, the trading app used by many US retail investors during the 2020 meme stock mania. FXStreet interviewed him at the European Blockchain Convention held in Barcelona, where he explained the plans for the company’s worldwide expansion.
1INCH price faces downturn after rejection at key resistance, negative on-chain metrics
1inch (1INCH) extends losses on Monday after being rejected from its key resistance level on Saturday. On-chain data further support the bearish outlook, as 1INCH’s Exchange Flow Balance is positive, and dormant wallets are in motion, suggesting a decline in the upcoming days.
Top dog-theme meme coins WIF, BONK, FLOKI: Double-digit gains on the horizon
The prices of top trending dog-theme-based meme coins, Dogwifhat, Bonk and FLOKI, hold gains on Monday after prices increased more than 20% last week. The technical outlook suggests that the bulls still have steam to push these three meme coins for extra double-digit gains.
Binance users earn Dogecoin and Bellscoin rewards through mining Litecoin
Binance Pool users can earn rewards in Bellscoin and Dogecoin, in addition to Litecoin rewards through merge mining. In Merge mining, miners contribute their computational resources to multiple blockchain networks simultaneously, this increases the earned rewards and benefits for users.
Bitcoin Weekly Forecast: $70,000 mark on sight as bulls remain strong
Bitcoin has risen around 3% so far this week, breaking above its range upper limit of $64,700. This gain was supported by increased institutional demand for ETFs, which recorded inflows of more than $612 million this week.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.