Ripple has recently encountered significant selling pressure near the $0.65 resistance zone, triggering a sharp decline. This movement signals a potential shift toward bearish dominance as the price breaks below the ascending wedge pattern's lower boundary.

The Bitcoin (BTC) community has said a big "no" to bears as they are striving for a big rally. While the leading cryptocurrency on the market is still under immense pressure from geopolitical tensions, it has managed to initiate a slight recovery from recent losses.

While doubtlessly forward-thinking, El Salvador's Bitcoin experiment has not gone over well with international financial and regulatory bodies — the International Monetary Fund (IMF) has been a key critic since the beginning. The international body made renewed calls for reforms during program talks on October 3.

The International Monetary Fund stated that El Salvador needs to limit the scope of its Bitcoin Law in order to get funding.

This week, we examine Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin in greater detail. Ethereum (ETH) Ethereum had a difficult week and closed with a 10% loss.

Attorney Jeremy Hogan has raised critical concerns about the SEC's decision to appeal the recent ruling regarding programmatic sales of XRP. Hogan, known for his insights into cryptocurrency law, argues that this appeal could be a significant miscalculation for the SEC, potentially harming its ability to regulate the broader crypto market.

Crypto analyst Ali Martinez has suggested that the Bitcoin crash might not be over despite the relief rally to $61,000. The analyst highlighted the $60,365 price level as being important to avoid a potential crash to as low as $57,000.

Ripple Labs is currently facing a renewed challenge as the SEC has filed an appeal against a recent court ruling. On October 2, 2024, the SEC took a significant step in its ongoing legal battle with Ripple by filing an appeal.

Cryptocurrency Market Update: The cryptocurrency industry saw a subtle intraday growth, increasing by 0.93% to a total market cap of $2.13 trillion. However, Bitcoin's (BTC) price slipped by 0.50%, settling at a price tag of $61,311.86. While ETH, SOL, and XRP showed slow movement, meme coins portrayed positive numbers.

Could the tiny altcoin outperform the world's top cryptocurrency in the future?

Bitcoin price surged over $61,000, after major outflows from U.S. spot Bitcoin ETFs. While, the start of October has been tough for the crypto market, causing Bitcoin to fall 7% from its earlier high of $66,000. Matthew Dixon, CEO of Evai, warns that Bitcoin might drop once more before a significant recovery.

The Ripple vs SEC case is making headlines again as the U.S. SEC pushes forward with an appeal. The SEC is primarily challenging the $125 million penalty imposed on Ripple in connection with its institutional sales.

Ethereum co-founder Vitalik Buterin has said that lowering the solo staking requirement from 32 ETH could make the network more decentralized and accessible. In a recent discussion on X, the Ethereum community discussed safeguarding solo staking as it leads to “true decentralization.

The world's largest asset manager, BlackRock, has changed its official perspective on Bitcoin, now referring to it as a global monetary alternative. This is according to Jay Jacobs, the U.S. Head of Thematic and Active ETFs at BlackRock, during a recent digital assets conference.

The cryptocurrency market has found itself in choppy waters, witnessing a staggering $272 million in liquidations over just 24 hours. This upheaval coincided with Bitcoin's sharp decline to $60,000, marking a period of significant volatility that has left traders and investors on edge.

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 4, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

Ethereum's inflation rate hit a two-year high as layer-2 solutions curb transaction burns, challenging its deflationary promise, according to a new Binance Research report.

Bitcoin is experiencing increased volatility after a recent dip to $60,000, a critical level it currently holds above. Following the Federal Reserve's interest rate cut announcement, Bitcoin's price surged aggressively but is now retesting key demand levels, likely determining its next target.

The Tron network (TRX) has just made a significant impact in the crypto ecosystem. In the third quarter of 2024, the blockchain founded by Justin Sun generated record revenues, even surpassing the giants Bitcoin and Ether.

The XRP price was on the investors' radar this week, with the crypto noting a sharp decline following the latest development in the Ripple SEC case. In the latest development, the US SEC has filed a Notice of Appeal, signaling that the legal battle is far from over for now.

Over the past 24 hours, the Cardano price has found its footing with newfound momentum, up 2.27%.

Veteran trader Peter Brandt is issuing a warning about Bitcoin (BTC) amid the flagship crypto's decline to the $60,000 level. Brandt tells his 741,200 followers on the social media platform X that Bitcoin still needs to hit higher price targets on the weekly timeframe to confirm that its bullish trend is intact.

The price of Bitcoin (BTC) has fallen after failing to break through the $65,000 mark. Buyers were hoping to push Bitcoin to the psychological price of $70,000 if the $65,000 mark was breached.

Jay Jacobs, BlackRock's US Head of Thematics and Active ETFs, has shared a bold prediction: Bitcoin's market value could reach a staggering $5.4 trillion in the coming years. Speaking at the Digital Assets Conference in Brazil, Jacobs emphasized that increasing demand for portfolio diversification is one of the key reasons driving investors towards Bitcoin.

XRP holders were on a high after the first XRP ETF application was filed, only to see hopes dim after the SEC's Ripple appeal. The race is on between Solana and XRP to become the first US altcoin ETF.

According to BCA Research, generating large bullish "credit impulses" is now a tough task for China.

The Bitcoin market has entered its fourth quarter this month. As the market steps into the final quarter of 2024, the expectations remain high. Traditionally, Q4 has been favorable for the BTC market. In Q4 2024, the market delivered an impressive return of +56.65%.

The XRP price has risen by a modest 0.5% today, with its move to $0.523 helping a little to offset that losses following this week's news of the SEC's appeal against Ripple.

El Salvador has doubled down on its Bitcoin moves despite ongoing pressure from the International Monetary Fund (IMF) regarding the country's use of the digital asset. On Oct.

XRP, the digital asset associated with Ripple, experienced a significant drop of over 10% on October 3, 2024, following news that the U.S. Securities and Exchange Commission (SEC) filed an appeal against a recent court ruling in its ongoing lawsuit against Ripple Labs. This sharp decline reflects investor anxiety regarding the regulatory landscape for XRP.

Dogecoin whales have accumulated over 1 billion DOGE in the past 24 hours, signaling a potential rally in the cryptocurrency market. Market analysts identified this development, which marks one of the largest buy-ups in recent months, totaling around $108 million.

The XRP price has registered a notable drop during the past day as on-chain data shows the whales have been making transactions to exchanges. XRP Has Witnessed A Sharp Drop Over The Last 24 Hours The cryptocurrency sector has been observing bearish winds recently, with the drawdown deepening across the market during the past day.

Investors have great expectations of Bitgert's upcoming announcement, and many believe this is the reason that will drive future growth. Solana Coin and Sui Coin have been prominent in the crypto market, but the rapid maturation of Bitgert might change this.

The expiration of $1 billion in Bitcoin options could increase market volatility and create buying opportunities.

Billy Markus, a co-founder of the iconic meme cryptocurrency Dogecoin, known under the pseudonym Sibetoshi Nakamoto, has shared his take on the nature of crypto markets and why they keep dropping, leaving investors and traders frustrated.

Following the Securities and Exchange Commission (SEC) appeal on a Federal ruling that stated XRP tokens are non-security assets, the altcoin has experienced a major hit. Notably, it has leveled all its gains from the previous month, giving it a fresh start to the Ripple vs SEC case.

Bitcoin (BTC) is off to a shaky start in October, a month known for its historically strong performance. On Thursday, BTC briefly dipped below $60,000 before recovering slightly, leading to the liquidation of over $144 million in bullish bets.

Terawulf sold its 25% stake in Nautilus Bitcoin mine to Talen Energy. The firm plans to enhance the efficiency of its mining fleet to achieve 18.2 J/TH.

Whales accumulate Bitcoin despite recent market dip and macroeconomic pressures. Dormant Bitcoin addresses reactivated, signalling renewed market participation.

On Wednesday, the US Securities and Exchange Commission (SEC) officially initiated an appeal process against the final ruling in the case against Ripple Labs. The specific grounds of the SEC's appeal remain undisclosed so far, leaving the XRP community in the dark.

A malicious actor is targeting Coinbase users with fake support email as flagged by Ripple CTO.

Major crypto transaction monitoring service Whale Alert says that a mysterious Bitcoin whale, which has not been active for 10.8 years, has suddenly reappeared in the last few hours. Specifically, the previously inactive large holder has started showing activity by transferring 100 BTC from the old address "17tdW8" to the new address "bc1qqy6.

As we all know, halving is an event that happens in the Bitcoin market every four years. The market follows a specific pattern as it moves from one halving to the next. Usually, the price of BTC reaches its peak around 518 to 546 days after a halving event in a bull market.

Solana's price has seen a sharp drop of over 14% in early October, impacted by global geopolitical tensions

Crypto investors are nervously awaiting the release of the September jobs report, and the Fed's response regarding rate cuts in November.

Large Ethereum investors bought $66 million worth of ETH as its price dropped, while market sentiment remains cautious amid lower trading volumes and global tensions.

The cryptocurrency community has been stirred by Bitwise's recent filing for the first-ever Spot XRP ETF with the U.S. Securities and Exchange Commission (SEC). This is a significant moment for Ripple's XRP, drawing attention to whether a futures market will be required for approval—especially considering the approach taken for Bitcoin and Ethereum spot ETFs.