In its Oct. 2 market analysis, QCP Capital highlights the effect of escalating Middle Eastern conflicts on traditional financial (tradefi) assets and the cryptocurrency market. According to QCP's researchers, the market response has been muted in tradefi, but risk assets and digital currencies like bitcoin (BTC) faced more substantial losses.

ATOM was the lone gainer in the index, rising 0.7%.

Bitcoin (BTC) continues its journey through a fluctuating market, recent indicators suggest it may be time for investors to consider buying. The Bitcoin Rainbow Chart, a visual tool that evaluates BTC's value based on historical prices, has recently flashed a ‘BUY' signal.

Bitwise has filed its registration statement with the SEC for an exchange-traded fund that would give investors exposure to the token XRP.

Bitwise is the first firm to officially seek approval for a spot ETF that would track the daily price of XRP, the seventh-largest cryptocurrency with a market cap of over $30 billion.

Following Bitcoin's (BTC) crash in the wake of growing conflict between Israel and Iran, questions have emerged regarding the asset's ability to emulate gold and serve as a hedge in an environment dominated by geopolitical disputes.

In light of the current spike in gold prices, there is a debate as to whether Bitcoin is a dependable store of value. The chart illustrates how Bitcoin's price has decreased, while gold has seen a huge pump recently.

Subject to approval from the SEC, the potential Bitwise XRP ETF is designed to provide exposure to the value of XRP held directly by the trust.

Bitwise officially filed a registration statement with the Securities and Exchange Commission for a spot XRP ETF.

Charles Edwards, founder of Capriole Investments, sees a bullish outlook for Bitcoin (CRYPTO: BTC) driven by improving macro conditions and the impact of spot ETFs. What Happened: In an interview on the Blockworks Macro podcast, Edwards highlighted that the market is at "the exact opposite point" of November 2021, when the Fed began aggressive rate hikes.

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P2P.org, a staking services firm and validator for Ethereum, has unveiled the launch of Babylon Staking API for Bitcoin staking. The Babylon staking API allows exchanges, custodians, and wallet users to securely earn rewards on their Bitcoin holdings.

The XRP price has dropped by 4.5% in the past 24 hours, with its fall to $0.6003 coming as the crypto market loses 5% today.

Bitwise XRP ETF filing as raised hopes of potential approval after US elections amongst market pundits.

The Bitcoin price took a sharp dip to $60,164 on Tuesday following heightened geopolitical tensions in the Middle East, with Iran launching missile attacks on Israel. The escalation rattled global markets, impacting both traditional and crypto assets.

Bitwise Asset Management has registered a trust entity in Delaware, potentially signaling plans to file for a spot XRP ETF despite existing regulatory hurdles with the SEC.

As the global market reacts to the rising geopolitical tensions facing the Middle East, Bitcoin's (BTC) anticipated bull run in October has been set back. Before Iran's missile strike on Israel, Bitcoin's price was over $64,000.

Bitcoin is entering a period of traditionally positive performance, according to the latest analysis from Cryptoquant and its researchers. However, for bitcoin to reach new highs, increasing demand will be crucial as current levels remain stagnant.

The SEC has until October 7, 2024 to put forward an appeal.

Ripple has recently minted an additional 1.35 million RLUSD on the XRP Ledger, part of a broader strategy to ensure the stablecoin's performance and reliability upon launch. This development comes as Ripple prepares for a critical phase of regulatory assessments and market integration.

Bitcoin (BTC) saw a severe downturn on Tuesday along with the broader crypto market. This recent market meltdown came as a result of the worrisome geopolitical situation, one of the most alarming issues in recent times.

XRP's recent dip comes amid increasing uncertainty in the market, primarily due to two significant factors. First, the scheduled release of 1 billion XRP tokens by Ripple on October 1 has exerted slight downward pressure on the token's price.

Geopolitical tensions triggered consecutive daily declines of almost 4% in bitcoin's price.

Bitcoin has experienced a sharp decline on its price charts. Will October be different?

Ripple's price is down over 7% on the weekly following the recent crash. What's next?

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 2, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

According to data shared by the popular blockchain tracker Whale Alert, which monitors large cryptocurrency transfers, approximately 17 hours ago, an ancient Bitcoin wallet came out of 11-year hibernation. The tweet says: “A dormant address containing 21 BTC (1,307,996 USD) has just been activated after 11.0 years!

Bitcoin's short-term structure signals that most of October could be a cooling-off period before the “next bullish attempt,” according to a crypto analyst.

Ripple's in-principle approval from Dubai's regulators marks a pivotal step in revolutionizing cross-border digital payments across the UAE.

The cryptocurrency soared to a notable 11% increase in price. It closed the month at $63,537.86, defying the conventional wisdom that views September as a bearish period for the crypto market.

It was a remarkably bullish September for bitcoin (BTC), bucking the long-running trend of it being the world's largest cryptocurrency's worth month on record. Despite an early-month dip, the BTC/USD pair closed the month more than 7% higher, seemingly putting to bed the ‘Septembear' narrative that has historically dogged bitcoin at this point in the season.

Bitcoin holders are closely monitoring market trends as the asset's price sees fluctuation and crucial levels are revealed.

Bitcoin ETFs saw $243 million in outflows on Oct. 1, largely due to geopolitical tensions in the Middle East.

Following the best September in its history, Bitcoin (BTC) might be facing a ‘Dumptober' instead of an ‘Uptober' as it begins its first week of the month in a bearish setting, and artificial intelligence (AI) and machine learning (ML) algorithms seem to be pessimistic as well.

Analysis of Bitcoin address outflow patterns indicates a correlation between address activity types and Bitcoin's price movements from 2014 to 2024. Per CryptoQuant data, shifts in outflow trends among different address categories reflect underlying market trends and participant behaviors.

Economist and macro trader Alex Krüger voiced caution about the sudden market optimism, coined as "Uptober", highlighting the looming uncertainty of the U.S. election year and its potential impact on market volatility. What Happened: Krüger highlighted the unexpected bullishness following the last FOMC meeting but emphasized that it was two weeks ago, and the situation has since evolved.

"Minor corrections are in the offing in the market. Altcoins, particularly ETH will show growth," one analyst said in a note.

September 2024 was a crucial month for the XRP and Ripple community as it was a packed-up month with important updates and milestones. Dan Fisher, the community relations Manager at Ripple shared a quick recap of the month's events. Ripple and XRPL Advancements Ripple announced the exploration of programmability for the XRP Ledger (XRPL).

The cryptocurrency market is heating up again, with Bitcoin ($BTC) surging past $65,000, reigniting bullish sentiment across the board. As Bitcoin continues its upward trajectory, other major coins like Avalanche ($AVAX) and Bonk ($BONK) are also seeing promising gains.

Analysts are raising alarms about Bitcoin's current price action, noticing a significant bearish signal on the charts. As Bitcoin continues to pull back from overbought levels, it's moving closer to oversold territory, raising concerns among traders. According to analyst Josh of Crypto World, Bitcoin is once again facing rejection at a critical resistance line.

On-chain data shows the Bitcoin Active Addresses have continued to see a steep decline recently, a sign that could be bearish for BTC.

Why are markets staying calm while the Middle East is on fire? Is Bitcoin really immune to geopolitical chaos, or are we missing something bigger here?

BTC price expectations get flipped on their head as geopolitical uncertainty rocks Bitcoin and risk assets.

Fear and panic have gripped crypto markets again, with analysts predicting doom and gloom price crashes for Bitcoin.

As October begins, Bitcoin remains in a relatively strong position. After hitting a low of $52,756 on September 6, BTC rebounded impressively, ending September with over 7% gains.

TL;DR September 2024 saw the lowest monthly revenue for Bitcoin miners this year, with earnings dropping to $815.7 million, a 4% decline from August. Reduced transaction fees and high operating costs significantly impacted miners' profitability, with total operating costs estimated at around $650 million.

Marathon Digital Holdings (MARA) reports a 5% increase in energized hash rate and a 6% rise in block wins for September 2024.

How will the upcoming U.S. presidential election affect cryptocurrency ETF approvals? Let's find out.