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New data from blockchain tracker CCData shows that the market share of the world’s largest cryptocurrency exchange has fallen to its lowest level in four years. According to CCData, Binance’s share of the derivatives market fell to 40.7% in September, the lowest level since September 2020. The overall market share of the spot market and derivatives market combined also fell to 36.6%, the lowest in the past four years. Spot trading volume on the platform similarly decreased by 22.9% to $344 billion, the lowest level since November 2023 and the lowest spot market share (27%) on Binance since January 2021.…

Ethereum (ETH) price is facing a critical period as it hovers near strong resistance and support levels. Recent market indicators such as unrealized net profit or loss (NUPL) and whale activity suggest cautious investor sentiment. Traders are closely monitoring key price levels, as a breakout above $2,500 could lead to an upside move, while failure to hold support at $2,000 could lead to a deeper correction. ETH NUPL Shows Market is Cautious Currently Ethereum’s current Net Unrealized Gain/Loss (NUPL) is 0.29, indicating that a significant number of ETH holders are still profiting, but market sentiment is leaning toward cautious. NUPL…

A widely followed crypto analyst says Bitcoin (BTC) is poised to reach a new all-time high (ATH) if it can break through one key resistance zone. In a new strategy session, pseudonymous crypto trader Immortal told 216,300 subscribers on social media platform He said the price would soar to an all-time high. “Breakout above $64,000 = new ATH.” Source: Immortal/X The trader added that the recent sell-off in the flagship digital asset, which fell from about $66,000 to $60,000 between September 29 and October 2, appears to be forming a local bottom. I can feel it,” he said. He then…

The Ripple ecosystem has been dealing with increasing drama over the past few years. From its infamous legal battle to XRP’s sudden delisting, the network has been the talk of the town. Nevertheless, members of the XRP community have been waiting to witness the altcoin’s potential surge.Also read: Urgent: US dollar collapses, Jack Mallards and Elon Musk warn of US bankruptcy!XRP’s recent performance and future prospectsAltcoins have shown tremendous volatility over the past few weeks. Unlike other markets, XRP recorded a nearly 6% drop in price. Last week saw a significant slowdown as assets fell by 11%. At the time…

According to an Oct. 4 statement, Bitwise plans to transition three of its Bitcoin and Ethereum futures ETFs from their current long-only strategies to strategies that alternate between cryptocurrencies and U.S. Treasuries.The company’s crypto futures ETFs include Bitwise Bitcoin Strategy Optimum Roll ETF (BITC), Bitwise Ethereum Strategy ETF (AETH), and Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP). The coin and brand name will be changed. These are the Government Bond Rotation Strategy ETF (BITC), Bitwise Trendwise Ethereum and Government Bond Rotation Strategy ETF (AETH), and Bitwise Trendwise BTC/ETH and Government Bond Rotation Strategy ETF (BTOP).Fund managers expect the…

Ethereum’s symmetrical triangle pattern could indicate the formation of a bottom and could lead to further declines before rising. An increase in the leverage ratio and a change in the amount of open interest indicate large fluctuations in the market. Ethereum (ETH) has experienced significant volatility recently, with the price dropping 10.8% over the past week. After a strong rally that pushed the asset above $2,700 in an attempt to reclaim the $3,000 level, the market corrected and sent Ethereum lower. The stock is now showing signs of recovery, trading at around $2,389, up about 2.4% over the past day.…

Solana-based meme coins are generating excitement with predictions of huge profits. Experts suggest that its surge potential could rival the popular Dogecoin phenomenon. Investors are excited and are eyeing this digital asset as a potential game changer in the world of cryptocurrencies. This article explores the prospects of this promising coin and captures the curiosity of enthusiasts eager to uncover its future. DOGEN: The ultimate meme token for real alphas who always win Imagine living the life of your dreams: luxury cars, lots of cash, and attention-grabbing women. That’s the DOGEN lifestyle! If you’re the type of person who likes…

The crypto market is on the rise following positive labor market data. Cryptocurrency price rise +/-Bitcoin BTC/USD $62,356.18 +2.7%Ethereum ETH/USD $2,432.81 +3.8%Solana SOL/USD $143.92 +5.7%Dogecoin DOGE/USD $0.1094 +5%Shiba Inu SHIB/USD $0.00001751 +10.2% Notable statistics: Large transaction volume is up 10.9%, according to IntoTheBlock data. Daily active addresses increased by 2.7%. Transactions over $100,000 fell from 8,750 to 8,422 in one day. The exchange’s net flows increased by 124.5%. According to Coinglass data, 41,515 traders reported liquidating $116.77 million in the past 24 hours. Long-term liquidation amounts were at their lowest level since September 27th. Crypto chart analyst Ali Martinez cited…

Bitcoin reacts positively to US jobs report Bitcoin (COIN:BTCUSD) rose about 2.3% on October 4, reaching an intraday high of $62,348.87 after the US employment report came in better than expected. Nonfarm payrolls increased by 254,000 in September, compared to the expected 147,000. The market reacted with optimism, with the S&P 500 and Nasdaq also rising. Inflation statistics to be released on October 10 will also be crucial in maintaining this positive trend. Since the Sept. 18 interest rate cut, U.S. Treasury yields have fallen, while gold has risen 5%. Analysts have suggested that Bitcoin, considered “digital gold,” could follow…

NEW YORK (AP) – U.S. stocks are rising Friday as a surprisingly strong report on the U.S. job market boosts economic optimism.The S&P 500 rose 0.6% in late trading, nearing its all-time high set on Monday. With less than an hour left in trading, the Dow Jones Industrial Average was up 223 points, or 0.5%, and the Nasdaq Composite Index was up 0.9%.Leading the way are banks, cruise ship operators, and other businesses that stand to benefit most from a stronger economy that puts people to work and more solvent. Norwegian Cruise Line rose 3.8%, JPMorgan Chase & Co. rose…