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An attempted bitcoin BTC$120,809.51 rally back toward a record high was quickly snuffed out and reversed in morning U.S. action on Thursday.Trading just below $124,000 just ahead of the opening of the stock market, bitcoin pulled back to below $121,000 about ninety minutes later. The action happened alongside pullbacks in previously red-hot gold and silver markets.Gold has been making most of the headlines of late, but the action in silver may have been today’s driver. Up 50% from the April lows, the metal hit $50 per ounce for the first time ever on Thursday. That level, though, spurred some fast…

On Capitol Hill, Senator Cynthia Lummis wants to make Bitcoin “everyday money.”The Wyoming Republican is quietly drafting legislation that could do what years of evangelism never managed: make buying coffee with Bitcoin practical again.Her proposal, a de minimis tax exemption for small crypto transactions, would let Americans spend a few hundred dollars’ worth of BTC without triggering capital-gains paperwork.Lummis revealed on Oct. 9 that the exemption is part of a broader digital-asset tax framework she’s crafting. She urged constituents to press their representatives to back the measure.The subtle rule change could shift Bitcoin from an investment asset to everyday money.…

Crypto analyst PlanB has explained why the Bitcoin price may never drop below $100,000 again. This comes as market participants continue to speculate on whether the flagship crypto could fall below this psychological level if a full-blown bear market were to occur.  Bitcoin Price Has Likely Turned $100,000 Into Support PlanB stated in an X post that he will not be surprised if the Bitcoin price does not drop below $100,000 again as the market witnesses the $100,000 resistance turn into $100,000 support. The analyst further noted that the September close was the fifth consecutive monthly close above that psychological…

Key takeaways:Bitcoin retained range-bound trading above $120,000 after an 8% leverage reset in futures.Spot demand and declining open interest point to renewed buyer confidence.The MVRV ratio signaled a potential 15% to 25% upside, targeting $140,000 to $150,000 by the end of Q4.Bitcoin (BTC) continued to range trade between $120,000 and $125,000 after a sharp, but orderly, deleveraging across futures markets, suggesting that $120,000 could emerge as a key demand zone for traders in the short term.According to market analyst Skew, Bitcoin’s recent rebound from the $120,000 level underscored buyer bids at that range. Spot market data from Binance indicated an…

ShapeShift, a decentralized non-custodial trading platform, is teaming up with Zcash to bring shielded transactions directly to its users. Summary Decentralized non-custodial exchange ShapeShift has integrated with Zcash to enhance network privacy for users. The integration will see users benefit from shielded transactions across Bitcoin, Ethereum and other blockchains. Zcash community has allocated a $50,000 grant to ShapeShift. ShapeShift’s integration with the privacy-focused blockchain network is a major move that sees the trading platform join a small group of exchanges tapping into shielded transactions for true on-chain privacy. More than that, integrating with Zcash means the community-led multichain decentralized exchange…

XPL drops 14% in 24h, returning to key support at $0.75 as RSI hits oversold and Open Interest stays above $1B. Plasma (XPL) has recorded a sharp decline after its recent rally. The token is now priced around $0.75, reflecting a 14% drop in the last 24 hours and 23% over the past week. The move follows a brief push that took the price as high as $1.07 in the past seven days. Price Back at Support Area Meanwhile, the price has returned to a support range between $0.74 and $0.78, where previous consolidation and a rising trendline converge.…

BNB, the native token of BNB Chain and widely used for transaction fee discounts on Binance, fell more than 2% in the last 24-hour period amid a trading volume spike and as BNB Chain memecoin trades unwind.The token dropped from $1,308 to a low of $1,255 earlier in the session, recovering to $1,270, where it’s currently trading. The selloff was met with high-volume buying near the $1,255-$1,280 range, signaling potential institutional accumulation at lower prices, according to CoinDesk Research’s technical analysis model.Despite a modest bounce, BNB struggled to reclaim key resistance near $1,320, leaving short-term bearish pressure intact.This turbulence came…

Key takeawaysA new wave of DEX wars has shifted from token incentives to a focus on speed, leverage and sustainable infrastructure.Hyperliquid continues to lead the market with over $300 billion in monthly volume, strong liquidity and rising institutional adoption.Aster’s growth is powered by airdrops, Binance-backed credibility and leverage that attract professional traders.Lighter is gaining momentum through its Ethereum layer-2 speed, zero-fee trading model and exclusive points-based yield farming system.Platforms like SushiSwap, PancakeSwap and Curve leveraged yield farming and governance token incentives to attract liquidity. This approach catalyzed rapid capital formation, bringing billions of dollars onchain within a short time.Those early…

What is TDOG, and how does it work? 21Shares’ Dogecoin exchange-traded fund (ETF), TDOG, recently appeared on the DTCC’s Active and Pre-Launch list under the ticker TDOG. The listing connects brokers and clearing institutions in preparation for potential trading, but it does not indicate regulatory approval.The proposed TDOG/21Shares Dogecoin (DOGE) trust is intended to be physically backed (i.e., holding Dogecoin directly) and to issue shares designed to track DOGE’s price (less fees).The fund calculates its daily net asset value (NAV) using a multi-exchange Dogecoin price index. During market hours, it also publishes an intraday indicative value approximately every 15 seconds,…

Check out the recent news surrounding Ripple and its ecosystem. Ripple and its native token are among the most intriguing topics within the crypto industry. In the following lines, we will touch upon the latest developments and outline some of the recent price forecasts. The Latest Partnership Earlier today (October 9), Ripple announced a strategic partnership with Bahrain Fintech Bay (BFB). The latter is the country’s leading fintech incubator and ecosystem builder, partnering with government entities and industry leaders to accelerate the nation’s blockchain and crypto adoption. According to the collaboration, both parties will work together to positively contribute…