Retail interest in BTC, ETH, SOL, XRP is at a year-high, raising concerns of overheating. While pro traders cautiously support BTC, retail favor perpetual contracts. Funding rates peak, but no imminent risk of mass liquidation. Caution is advised amid unprecedented market fervor.
Cheng YuanThey also accept altcoins like PEPE and FLOKI.
ClementBTC has broken out from a descending wedge; ETH has broken out from a descending resistance line; XRP has bounced at a long-term ascending support line.
BeincryptoThe development marks the first time XRP digital currency will be used on a cross-border Japanese e-commerce site.
CointelegraphPositive news about the collapse of China Evergrande and the Fed’s intention to continue with its existing monetary policy has fueled a strong rally in bitcoin and altcoin prices.
CointelegraphThe week-long daily lower high pattern suggests bulls will not be able to flip $43,000 as support, which could drag down many altcoins that just bounced back.
CointelegraphHistorical data shows that October has been a good month for Bitcoin bulls, and Bitcoin’s break above $47,600 on October 1 could be a harbinger of what’s to come for Bitcoin and altcoins.
CointelegraphBitcoin and some altcoins are facing a sell-off at higher levels, suggesting that short-term traders may be taking profits after the recent rally.
CointelegraphAltcoins are selling off ahead of the launch of a bitcoin ETF this week, a possible sign that traders are concerned about the historic launch.
CointelegraphIf BTC can turn $41,000 back to support, XRP, NEAR, XMR, and WAVES could attract buyers.
Cointelegraph