Leading cryptocurrencies moved sideways Thursday as investors awaited key employment data releases to gather insight into the economy's health. Cryptocurrency Gains +/- Price (Recorded at 9:30 p.m.

Ethereum (ETH) is facing a challenging moment as it grapples with a significant decline in daily active addresses. According to recent data, the number of active addresses on the Ethereum network has plummeted by 18.23% this year, dropping from 382,000 to 312,000.

Bitcoin price is consolidating above the $60,000 support. BTC seems to be eyeing a fresh increase above the $61,200 and $61,500 levels.

Franklin Templeton's proposed ETF highlights growing interest in Bitcoin and Ethereum investments.

Bitcoin's price has been showing signs of recovery after a recent dip, and traders are increasingly optimistic about its performance in October. According to a new report by Kaiko Research, significant market activity and favorable macroeconomic conditions are positioning Bitcoin (BTC) for a potential rally.

Solana still has serious ground to cover, but if major financial institutions start showing a preference for Solana, things could change.

XRP drops further after SEC files appeal in Ripple case, raising concerns over potential legal challenges.

Global investment bank JPMorgan's analysts have highlighted the growing impact of the “debasement trade” in boosting gold and bitcoin prices. Gold's rise is linked to inflation, geopolitical instability, and waning trust in fiat currencies.

A massive Ethereum ($ETH) initial coin offering (ICO) participant has recently shaken up the cryptosphere after selling a staggering 19,000 ETH worth more than $47.5 million in just two days.

Ethereum has seen a 15% drop since hitting its recent high of $2,729 last Friday, leaving analysts and investors feeling frustrated with the price action. Many expected the bullish trend to continue, but Ethereum has struggled to maintain upward momentum.

Bitcoin's price has experienced a rollercoaster ride recently, with a significant 10% correction over the past week, leaving many investors on edge. Despite this volatility, Bitcoin has managed to hold above a key support level, prompting some analysts and investors to maintain a cautiously optimistic outlook.

The two largest cryptocurrency assets, Bitcoin and Ethereum are witnessing a notable shift in the behavior and confidence of investor as indicated by a negative trend in their network activity, leading to sluggish performances in the past months.

Ripple is expanding its digital payments service in Brazil, partnering with Mercado Bitcoin to offer faster, cheaper cross-border transactions. This move positions Ripple Payments as a key player in the region's crypto landscape, helping businesses move funds 24/7.

Popular crypto analyst Il Capo of Crypto has returned to social media platform X after over two months of hiatus to drop an interesting outlook for Bitcoin and Ethereum in the coming months in light of the recent correction since the beginning of October. The analyst, which has been so big on a looming altseason since the beginning of the year, has revealed a bearish outlook for Bitcoin and even Ethereum (king of altcoins) in the short term.

Bitcoin continues to capture the spotlight as analysts share their insights on the current market dynamics. Recently, Dam Gambardello, a well-regarded market expert, has provided compelling analysis suggesting that Bitcoin may be nearing its last major dip.

U.S. utility firm Talen Energy said on Thursday it has bought TeraWulf's minority stake in a 200-megawatt (MW) bitcoin mining facility in Pennsylvania.

During his official visit to Argentina, Bukele met with Victoria Villarruel, the nation's vice president, to discuss cryptocurrency and the Salvadoran experience with Bitcoin. While the meeting was private, a video released before the meeting shows Villarruel asking Bukele about the first cryptocurrency and the yet-to-be-issued bitcoin-backed “volcano bonds.

Ripple's ongoing legal war with the U.S. Securities and Exchange Commission (SEC) has reached a new chapter, sending ripples across the cryptocurrency market. On October 2, 2024, the SEC officially filed an appeal to challenge a pivotal ruling in the high-profile case, causing XRP, Ripple's native cryptocurrency, to plunge by 12%.

As geopolitical tensions in the Middle East heighten, Bitcoin (BTC) has struggled to break above $61,250, reflecting the broader market's uncertainty.

The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021.

The international organization still thinks Nayib Bukele's bet on Bitcoin was a bad idea.

Standard Chartered believes Bitcoin's (BTC) dip below the $60,000 level is “normal” and called the recent downturn a buying opportunity in an investor note shared with CryptoSlate on Oct. 3.

Gurbir Grewal's departure, coinciding with the Ripple appeal, has raised speculation about internal tensions and the agency's crypto strategy.

The cryptocurrency market is presently experiencing a substantial decline, as both Bitcoin and Ethereum have experienced a substantial decrease in active addresses. This trend, which has persisted throughout 2024, has triggered apprehension regarding the future of these prominent cryptocurrencies.

HBO's upcoming documentary claims it has finally uncovered the true identity of Satoshi Nakamoto, the anonymous creator of Bitcoin. Set to air next Wednesday at 2 a.m.

Is XRP's recent drop of over 14% linked to the SEC's latest actions in the Ripple lawsuit?

Traders agree that Bitcoin's short-term price prospects are strongly angled toward the downside.

If Donald Trump wins the United States presidential elections in November, the trend could accelerate, according to the report.

BlackRock reveals a steady decrease in Bitcoin volatility, enhancing portfolio returns and establishing it as a reliable asset class. The post BlackRock sees Bitcoin volatility continuing to fall appeared first on Crypto Briefing.

Bitcoin held above the $60,000 key support level, while Ethereum's ETH fell to near its weakest level against BTC since mid-September.

Peter Brandt, a commodity and foreign exchange trader, has triggered the XRP community with his new price prediction for the Ripple-associated coin. This comes amidst the ongoing case with the United States Securities Securities and Exchange Commission (SEC) and the recent price dip.

XRP experienced a flash crash Thursday, dropping by around 15% just hours after news broke that the U.S. Securities and Exchange Commission (SEC) filed a notice of appeal against Judge Analisa Torres' August ruling in the landmark Ripple lawsuit.

Bitcoin plummeted to just under $60,000 on Thursday as the crypto market withstood a brutal sell-off. The crypto market bloodbath came after a major missile strike by Iran targeting sites across Israel, which the latter has vowed to retaliate.

Yesterday, Wednesday, the United States Securities and Exchange Commission (SEC) formally extended the XRP lawsuit against Ripple by filing a Notice of Appeal regarding Judge Torres's ruling. Following this news, the price of XRP plunged by more than 10%.

Popular analyst Rekt Capital took to his latest analysis and discussed the potential worst-case scenarios for Bitcoin, focusing on two main perspectives: the downtrending channel and the reaccumulation structure. Downtrending Channel Bitcoin is currently in a downtrending channel, which has an upper resistance line and a lower support line.

A widely followed crypto analyst says that one catalyst could spark a bull run for Bitcoin (BTC) and other digital assets. In a new video update, crypto strategist Jason Pizzino tells his 334,000 YouTube subscribers that the latest BTC crash can be attributed to the US dollar breaking out of its slump.

Bitcoin isn't going to save us from geopolitical uncertainties. That's what Geoff Kendrick, Standard Chartered's global head of digital assets research, believes.

With spot crypto ETFs gaining momentum, many expect the upcoming US election to influence their approval.

Selling from ETH ICO participants and a lack of demand for the spot Ether ETF could be contributing to Ethereum's price downside.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Cuy Sheffield of Visa explains the payment processor's new tokenization platform for banks.

It appears that Ripple's native token is poised for a massive price crash as whales and institutions continue to offload their holdings. Over the past seven days, Binance, the world's largest crypto exchange, has seen a significant dump of XRP tokens by whales and institutions, according to the on-chain analytics firm CryptoQuant.

Crypto analyst Mikybull Crypto has provided a bullish outlook for the Bitcoin price, predicting that the crypto will, by late October, enjoy a breakout following a wave 5 impulsive move to the upside. His prediction comes amid a couple of external factors that threaten to send BTC below $60,000 as the negative start to ‘Uptober'

Ripple has launched its end-to-end payments solution in Brazil, partnering with Mercado Bitcoin to enhance cross-border transactions using blockchain technology.

Cryptocurrency markets are trading lower as geopolitical tensions continue to loom over global financial markets. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,619.33 -1% Ethereum (CRYPTO: ETH) $2,342.84 -3% Solana (CRYPTO: SOL) $134.89 -5.8% Dogecoin (CRYPTO: DOGE) $0.103 -0.7% Shiba Inu (CRYPTO: SHIB) $0.0000159 -3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 13.4% and daily active addresses falling by 15.9%.

Standard Chartered's latest analyst note suggests that Bitcoin‘s (CRYPTO: BTC) recent price action reaffirms its role as a hedge against traditional financial system issues rather than geopolitical tensions. What Happened: The bank's analysts point out that Bitcoin's price weakness amid Middle East tensions demonstrates it is “not a safe haven against geopolitical concerns.

Representative Ro Khanna, a prominent member of the House of Representatives, is pushing for the U.S. government to hold confiscated Bitcoin as a strategic reserve. This idea is gaining traction across both political parties, signaling a shift in how cryptocurrency is viewed in the halls of power.

The SEC vs. Ripple Labs lawsuit took a somewhat unexpected turn, breathing new life in the case just before an important deadline.