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news-imageOctober 2, 2024

Bitcoin, Ethereum, Dogecoin Continue Downward Trend: 'Range Deviation Or Bearish Retest?,' Wonders Technical Trader

Cryptocurrency markets are trading lower as markets continue to cope with geopolitical uncertainty. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,836 -1.6% Ethereum (CRYPTO: ETH) $2,393 -4% Solana (CRYPTO: SOL) $140.87 -4% Dogecoin (CRYPTO: DOGE) $0.1034 -3.4% Shiba Inu (CRYPTO: SHIB) $0.00001617 -0.4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 12% and daily active addresses increasing by 17.6%.
Publisher: Benzinga
Sentiment: Negative
BTC
DOGE

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Negative
cover-imageCoinPedia
October 2, 2024

Ethereum (ETH) Price Poised to Hit $2,200, Here's Why

In the ongoing conflict between Iran and Israel, Ethereum (ETH) appears bearish and poised for a significant price drop as it fails to hold an important support level. In addition, ETH's on-chain metrics, such as the Long/Short ratio and future open interest further support this bearish outlook.

Negative
cover-imageBenzinga
October 2, 2024

Crypto Whale Dumped $46 Million BTC As Geopolitical Tensions Rise: What Is Going On?

On-chain analytics provider Spot On Chain highlighted a Bitcoin (CRYPTO: BTC) whale's activity as the apex crypto is trying to hold on to the $62,000 mark. What Happened: The platform reported that the Bitcoin whale deposited on a centralized exchange as the market dropped amid escalating geopolitical tensions The whale had reportedly accumulated a net 3,933 BTC (worth $234 million) from Binance between Aug. 29 and Sep. 15.

Positive
cover-imageThe Currency Analytics
October 2, 2024

Bitcoin Sees Shift in Sentiment as Key Indicators Turn Positive

Bitcoin (BTC) is showing signs of renewed optimism as several key indicators have turned positive, according to a well-known on-chain analyst. The pseudonymous analyst, Checkmate, who has garnered a following of over 98,000 on the social media platform X (formerly Twitter), has shared insights suggesting that Bitcoin's market momentum is stabilizing.

Positive
cover-imageBenzinga
October 2, 2024

Much Wow! How Elon Musk Went From Promising To Eat A Happy Meal If McDonald's Adopts Dogecoin To Promoting A 'DOGE' Department

In 2023, Elon Musk made headlines when he publicly vowed to eat a McDonald's Happy Meal on live television if the fast-food giant adopted Dogecoin (CRYPTO: DOGE) as a payment method. The idea, sparked during a Twitter exchange between Musk and anonymous Dogecoin account DogeDesigner, revived Musk's previous proposal from January 2022.

Negative
cover-imageBenzinga
October 2, 2024

Bitcoin Drops Below $62,000 As Analysts Warn Of Potential Further Decline

Following a 5% drop on Tuesday, Bitcoin (CRYPTO: BTC) is down 0.3% to $61,680 on Wednesday afternoon, with analysts cautioning traders about potential further downside if key support levels don't hold. What Happened: Alex Kuptsikevich, senior market analyst at FxPro said a technical factor added to the selling: the day before, BTCUSD had fallen below its 200-day moving average, reinforcing the exit of ‘weak hands' from the asset.

Positive
cover-imageCrypto Economy
October 2, 2024

Bitcoin Cycles Mirror Past Patterns: Are We On The Verge of a Major Move?

TL;DR Bitcoin has reached a new technical high of $66,000, marking a significant change in its recovery, supported by record on-chain metrics. The similarities in BTC's performance with previous cycles suggest a comparable pattern, despite differing market conditions. The profitability of short-term holders has improved, and 47.

Positive
cover-imageCrypto Reporter
October 2, 2024

Plus Wallet's Profitable Swaps, BNB Chain's Payment Revolution, & Solana's Bold Challenge to Ethereum

As more people embrace cryptocurrencies, blockchain platforms are enhancing their features to accommodate growing user needs. BNB Chain is working to make stablecoin transactions quicker, less expensive, and simpler. Simultaneously, Solana is advancing towards potentially equaling Ethereum's market share, bolstered by its efficient processing power and expanding ecosystem.

Neutral
cover-imageBenzinga
October 2, 2024

Bitcoin Bulls Should Watch This Crucial Level: 10x Research

Cryptocurrency experts are advising traders to remain vigilant and potentially reduce their long positions if Bitcoin (CRYPTO: BTC) trades below a critical support level amid conflicting signals in the broader economic landscape. What Happened: According to the latest 10x Research report, the crucial level to watch is the 21-week moving average, currently sitting at $60,918.

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