Solana (SOL) is navigating a challenging phase as it recently experienced a price drop from its monthly high of $161.62 to trading below $137. Within just 24 hours, the cryptocurrency recorded a decline of 4.48%.

The struggles for Ethereum (ETH) have continued as more obstacles have started to emerge. Moreover, we have seen a pattern of notable selling from whales.

Q3 revealed a challenging landscape for the crypto market, marked by low on-chain fees, rising Bitcoin dominance, and Ethereum's struggle with inflation and underperformance.

The latest figures reveal that 12 U.S. spot bitcoin exchange-traded funds (ETFs) faced $54.13 million in net outflows on Thursday. Similarly, nine spot ether ETFs weren't spared, as they saw $3.2 million pulled from their funds. Crypto ETFs Face More Losses On Oct.

TL;DR $1.4 billion in Bitcoin and Ethereum options are expiring today, potentially causing significant short-term volatility in the cryptocurrency market. Bitcoin's maximum pain point is $63,000, suggesting potential upward pressure as traders aim to push the price closer to this level.

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.

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.

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.

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.

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 crypto markets saw significant turmoil over the past 24 hours, with over 100,000 traders impacted by mass liquidations, greatly raising concerns during the latest market downturn. Bitcoin (BTC) briefly dipped below the $60,000 mark on October 3 before recovering and pushing back above $60,000.

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

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.

Ethereum developers convened on October 3, 2024, for the All Core Developers Consensus Call #143, focusing on updates for Pectra Devnets and PeerDAS, among other topics.

Solana (SOL) gained a Singapore dollar pairing on Upbit. The new listing arrives at a time of growing trading volumes for SOL, though with higher price volatility.

A widely followed cryptocurrency analyst and trader is highlighting one memecoin that he believes possesses more upside potential while offering his insights on layer-1 altcoin Sui (SUI).

The Tron Network reported an impressive revenue of $577 million for the third quarter, outperforming major blockchains such as Bitcoin and Ethereum.

The Sygnum Bank report states how payment processing giants like Visa have been integrating Solana for USD Coin (USDC) settlement citing its “low costs” and “high throughput”.

Amid ongoing geopolitical tensions, the cryptocurrency market has recorded a significant correction in valuation this week. Moreover, top tokens have experienced a pullback toward their important support levels, indicating increased bearish sentiment in the crypto space.

Bitcoin ETFs experienced a staggering outflow of $52.9 million, while Ethereum ETFs enjoyed a notable inflow of $19.8 million. This sharp contrast reflects evolving investor sentiments and could signal broader shifts in the market.

SOL may be getting ready for a decline-rally cycle.

Ethereum (ETH) is currently navigating a challenging market landscape, showing signs that it could drop to $2,200 in the near future. As geopolitical tensions escalate, particularly the ongoing conflict between Iran and Israel, the sentiment surrounding ETH has turned decidedly bearish.

Ethereum (ETH) price has shed 14% in the past five days and trades today at $2,346. This downtrend has knocked ETH down to a key support zone that could trigger a reversal.

A widely followed cryptocurrency trader and analyst is leaning bearish on Bitcoin (BTC) and Ethereum (ETH) amid a market downturn. The trader pseudonymously known as Capo tells his 866,300 followers on the social media platform X that Bitcoin and Ethereum could fall by up to 21% and 23%, respectively, from the current levels.

According to Lookonchain, a platform that tracks blockchain transactions, this whale had been inactive for over two years before resurfacing last week. The investor received 150,000 ETH during Ethereum's 2014 ICO and deposited 12,010 ETH worth $31.6 million into Kraken in late September.

Sygnum Bank suggests that Solana's scalability and growing institutional adoption could position it as a serious long-term competitor to Ethereum.

Tron's rise as a stablecoin leader highlights the growing importance of stablecoins in global finance, especially in volatile economies. The post Tron emerges as stablecoin powerhouse, outpaces Bitcoin, Ethereum, and Solana with $566 million in Q3 revenue appeared first on Crypto Briefing.

Ethereum has already faced strong selling pressure slipping nearly 10% on the weekly chart with the ETH price dropping to $2,366 levels currently. Some market analysts believe that the ETH market rout has just begun with the possibility of another 50% drop as per the log regression model.

Solana trimmed gains and tested the $132 support. SOL price is consolidating and might aim for a fresh increase above the $140 resistance zone.

Ethereum (ETH) co-founder Vitalik Buterin advocates reducing the ETH solo staking requirement to lower the entry barrier and promote greater network decentralization. Buterin Sees 32 ETH Requirement As A Barrier Responding to Ethereum educator Anthony Sassano on X regarding solo staking, Buterin expressed concern that the current 32 ETH requirement presents a bigger obstacle than bandwidth limitations.

Ethereum is down when writing, mirroring the general performance across the board. The nearly 2% drop in the crypto scene is due to the contraction of Bitcoin, Ethereum, and top altcoins.

Ethereum price extended its decline below the $2,350 level. ETH is now recovering from losses and faces a major hurdle near the $2,300 zone.

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.

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

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

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.

Ethereum is experiencing a prolonged period of aggressive selling pressure, leading to a marketwide sell-off. The latest data shows that ETH has significantly lost ground, with its market capitalization having dropped by billions.

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.

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.

Solana co-founder and chief executive officer of Solana, Anatoly Yakovenko, has recently remained highly critical of the administration of Joe Biden. He has rebuked the US government for its ineptitude in creating jobs and encouraging employment opportunities at the local levels.

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.

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

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%.

Since falling from $160 on September 30, the Solana (SOL) price has continued to hit lower levels. Recent data suggests that the token might drop to a region it has not reached in almost a month.

Banking giant JPMorgan recently poured cold water on Ethereum (ETH), the second-largest cryptocurrency, claiming that there is no "bullish impulse" in its futures products.