• bitcoinBitcoin (BTC) $ 104,038.00
  • ethereumEthereum (ETH) $ 3,504.37
  • tetherTether (USDT) $ 0.999629
  • xrpXRP (XRP) $ 2.42
  • bnbBNB (BNB) $ 963.96
  • usd-coinUSDC (USDC) $ 0.999805
  • staked-etherLido Staked Ether (STETH) $ 3,506.12
  • tronTRON (TRX) $ 0.298525
  • dogecoinDogecoin (DOGE) $ 0.175535
  • cardanoCardano (ADA) $ 0.572245

BTC Holding $102K! ZEC Skyrockets! Ripple raises $500M!

Crypto markets were slightly green, with Bitcoin trading just below its 200-week moving average—BTC rose 0.5% to $102,800, while ETH gained 1% to $3,380. BNB and SOL remained flat at $950 and $157, respectively. Among top movers, ICP surged 28%, ZEC climbed 15%, and DASH rose 12%. In corporate developments, Ripple raised $500 million at a $40 billion valuation from major investors including Fortress, Citadel, and Brevan Howard. Asset manager WisdomTree, with $130 billion in AUM, adopted Chainlink to bring NAV data on-chain and power subscriptions for its CRDT tokenized fund on Ethereum. Robinhood beat Q3 estimates as its crypto revenue saw a substantial increase. Meanwhile, YouTube clarified that its gambling policy is not targeting crypto content broadly, focusing instead on gambling and casino-related material. Lastly, Circle updated its terms of service to permit firearms purchases using USDC.

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💡 DMK Insight

Bitcoin’s struggle below the 200-week moving average is a critical signal for traders right now. With BTC hovering around $101,903, just under that key moving average, it’s a pivotal moment. If it can break above this level, we could see a bullish momentum shift, potentially targeting the $110,000 mark. On the flip side, failing to breach this resistance might lead to a consolidation phase or even a pullback, especially with ETH’s modest gain to $3,372.21. The recent surges in ICP, ZEC, and DASH indicate that altcoins are gaining traction, which could divert attention from Bitcoin. Traders should keep an eye on the correlation between BTC and ETH, as a strong move in either could influence the broader market sentiment. Watch for volume spikes around these price levels; they could signal the next big move. Also, keep an eye on the daily RSI for overbought or oversold conditions, which could provide additional context for entry or exit points.

📮 Takeaway

Watch Bitcoin’s movement around $101,903; a break above the 200-week MA could trigger bullish momentum, while a failure might lead to consolidation.

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