Author: Ibrahim Abdulaziz Adan

Bitcoin fell 4% in 24 hours, dropping below $105,000, and has lost 10% over the past week. The two-month U.S. government shutdown is freezing liquidity and forcing miners to sell their Bitcoin holdings to cover costs. Technical indicators suggest oversold conditions at $104,209, but further declines to $100,000 remain possible if the support level is breached. Bitcoin fell below $105,000 on Tuesday, marking a sharp 4% decline in 24 hours and extending weekly losses to 10%. The leading cryptocurrency is facing mounting pressure from deteriorating market conditions and a prolonged U.S. government shutdown that is entering its second month. The…

The Fed is expected to cut its benchmark interest rate by 25 basis points today. Bitcoin fell below $113,000 as markets await Powell’s 2:30 PM ET press conference. Powell’s guidance on December policy matters more than today’s rate cut. Traders want clarity on whether the Fed will continue easing or pause. Analysts warn of high volatility and recommend avoiding leverage. Bitcoin must hold $113,500 or risk dropping to $111,000. The Federal Reserve’s two-day FOMC meeting concludes today with a widely anticipated 25-basis-point rate cut. Market participants place nearly 100% odds on the reduction, which would bring the federal funds rate…

Cardano price hovers near $0.66 and could rally 80% to $1.20 if it breaks above the $0.73 resistance level. The x402 upgrade now allows AI agents to make automated payments directly on the Cardano blockchain without human involvement. REX-Osprey has filed for a Cardano ETF with the SEC while technical indicators show growing buying momentum. Cardano has surged into the spotlight following the deployment of its x402 Proof-of-Concept upgrade, a development that enables artificial intelligence agents to execute on-chain payment transactions. The technical advancement arrives as the ADA price consolidates near key resistance levels, with analysts monitoring chart patterns that…

Ripple completed its $1.25 billion acquisition of Hidden Road and launched Ripple Prime as the first crypto-owned global prime brokerage. RLUSD stablecoin will expand through Ripple Prime as institutions use it for collateral and account balances. The platform combines traditional brokerage services with blockchain technology for institutional digital asset trading Ripple has finalized its $1.25 billion acquisition of Hidden Road, rebranding the prime brokerage as Ripple Prime. The deal, first announced in April 2024, received regulatory approval and marks a significant expansion of the crypto firm’s institutional offerings. The completion positions Ripple as the first cryptocurrency company to own and…

Bitcoin fell to $111,000, and the total crypto market dropped 4% to $3.75 trillion after the U.S. and China imposed new tariffs on each other. Both countries expanded their trade war to include shipping fees and consumer goods, triggering mass selloffs in cryptocurrency markets. Major investors are taking short positions, and ETFs recorded over $750 million in combined outflows from Bitcoin and Ethereum. The crypto market has suffered steep losses as escalating trade tensions between the United States and China trigger widespread investor panic. Bitcoin has dropped to approximately $111,000, while the total cryptocurrency market capitalization has fallen nearly 4%…

XRP fell to $2.47 as whales sold over 2.23 billion tokens since Friday. This massive sell-off has intensified downward pressure. Technical indicators show bearish momentum with XRP trading in a descending triangle pattern. The token broke below key support levels. The $2.00 level is now critical for recovery. Holding this support could spark a bounce, while breaking below may deepen losses. Ripple’s XRP has fallen below $2.50 as massive whale selling and technical weakness combine to drive sustained downward pressure. The token is currently trading at $2.45, marking a 4.54% decline in the past 24 hours. This drop extends a…

Dogecoin currently trades at $0.24, and technical patterns suggest a potential rise to $1. Exchange outflows of $23 million indicate whales are accumulating DOGE tokens. A Dogecoin ETF was added to the DTCC platform for institutional access. Dogecoin has reached a critical juncture, as technical indicators and on-chain metrics signal a potential preparation for a major price surge. The leading meme cryptocurrency is currently trading at $0.24, positioned at what analysts identify as the threshold of a potential parabolic breakout phase. Recent analysis reveals Dogecoin has progressed through distinct market stages since 2022. The token spent over a year in…

Bitcoin ETFs attracted $2.2 billion in weekly inflows, and BlackRock’s IBIT led with $466.5 million in purchases on October 2 alone. The Bitcoin price broke above $120,000 this week, gaining over 10% as institutional accumulation reached its highest level since August. On-chain data shows wallets holding 10 to 1,000 BTC are steadily buying, while retail selling has slowed significantly. Bitcoin has climbed above $120,000 for the first time since August, driven by substantial institutional investment through exchange-traded funds. The cryptocurrency’s rally reflects growing confidence among institutional investors despite broader economic uncertainties. Record ETF Inflows Signal Strong Institutional Demand U.S. spot…

U.S. private payrolls fell 32,000 in September. Markets now expect another Fed rate cut in October. Small businesses lost the majority of jobs in the hospitality and services sectors. The data challenge Fed claims of labor market stability. Bitcoin jumped past $116,000 on bets that a rate cut is forthcoming. Futures volume rose 18% to nearly $100 billion. U.S. private sector employment contracted unexpectedly in September, marking the steepest decline in over 18 months. The ADP National Employment Report revealed a loss of 32,000 jobs, contradicting economists’ forecasts of a 50,000 gain. The data immediately shifted market expectations toward another…

The Treasury and IRS released guidance allowing companies to exclude unrealized Bitcoin gains from tax calculations under CAMT rules. Strategy holds over 640,000 BTC, worth approximately $74 billion, and will no longer be subject to the 15% minimum tax on paper gains. The change addresses industry complaints and removes a major barrier for corporations holding large crypto portfolios. The U.S. Treasury Department and the Internal Revenue Service have issued interim guidance that relieves major corporations from paying taxes on unrealized gains from Bitcoin. The move marks a significant policy shift that benefits companies holding substantial cryptocurrency portfolios. The new guidance…