Lorenzo Stroe
Independent Analyst
Here is what you need to know on Friday 25, September
BTC/USD is trading at $10,650 after a significant rebound in the past 24 hours regaining crucial support levels.
ETH/USD bounced towards $346 following Bitcoin’s price action but remains weaker. Several indicators have presented strong buy signals in the short-term.
XRP/USD continues trading at $0.23 and was not able to have a similar strong rebound like Bitcoin or Ethereum.
Chart of the day: Crypto market capitalization
Market
The crypto market had a notable rebound today gaining more than $15 billion back within just a few hours. Some of the biggest gainers include ChainLink with a 30% price surge and Bitcoin or Ethereum.
We have recently seen a significant increase in exchange inflow which should mean there is increased selling pressure, however, it seems the market’s sentiment might be shifting towards the bulls again.
Industry
Russian’s ministry of Finance is seeking to create stricter measures regarding cryptocurrencies. Russians would need to report their wallet balances to authorities. The law was already signed and will come into force January 2021.
Similarly, over the counter traders will need to report all transactions to tax authorities.
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Dogecoin and Bitcoin Cash registered 3% and 8% losses on Tuesday following increased selling pressure from the futures market. The decline comes amid large-cap cryptos like Bitcoin, Ether and XRP, holding still with slight gains.
XRP could sustain rally amid growing ETF and SEC vote prospects
Ripple flaunted a bullish outlook, trading at $2.1505 on Tuesday. Investor risk appetite has continued to grow since the middle of last week, propping XRP for a sustainable upward move triggered by the swift decision by US President Donald Trump to suspend reciprocal tariffs for 90 days.
VeChain Price Forecast: VET bulls aim for a double-digit rally
VeChain price hovers around $0.023 on Tuesday after breaking above a falling wedge pattern the previous day; a breakout of this pattern favors the bulls. Bybit announced on Monday that VET would be listed on its exchange. Moreover, the technical outlook suggests rallying ahead, targeting double-digit gains.
Dogecoin, Shiba Inu and Fartcoin price prediction if Bitcoin crosses $100K this week
The meme coin market fell sharply on Monday, shedding 4.8% in market capitalization to settle at $49.25 billion, according to data compiled from CoinGecko. The sell-off coincided with increased volatility across broader crypto markets while investors rotated funds into Bitcoin briefly tested $85,000.
Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery
Bitcoin (BTC) price extends recovery to around $82,500 on Friday after dumping to a new year-to-date low of $74,508 to start the week. Market uncertainty remains high, leading to a massive shakeout, with total liquidations hitting $2.18 billion across crypto markets.
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