Tag:

Rockets

Decrypt logo
NFT Gaming

Bitcoin Rockets to Nearly $124K, But Falls Short of Breaking Record

by admin



In brief

  • The price of Bitcoin surged early Friday afternoon, coming close to matching the record mark set in August.
  • The leading cryptocurrency has soared since the start of “Uptober”—the name given to October by some traders.
  • Still, the volatility of the coin has dampened compared to previous cycles.

“Uptober” is off to a roaring start. Bitcoin shot up in price Friday afternoon, rapidly spiking from a price of about $120,000 to a recent peak of $123,855—but fell just short of breaking the all-time price record.

Bitcoin was recently trading for $122,346 after giving up some of the gains. It’s up 1.3% on the day, and more than 11% over the last week according to CoinGecko.

The previous record of $124,128 was set in mid-August, per CoinGecko. Friday’s spike marked the closest that Bitcoin has come to matching that mark since then.

Bitcoin dropped below $108,000 per coin in September as the biggest digital coin started “showing signs of exhaustion,” according to Glassnode analysts, as long-term holders took profits and ETF flows slowed down.

But October—dubbed Uptober by traders—has started with a bang. Nine out of the past 10 years have been strong for the cryptocurrency.



Traders betting against Bitcoin’s rise have been burned over the last 24 hours, with $153 million worth of Bitcoin shorts wiped out during that span according to CoinGlass. Overall, $499 million worth of crypto positions have been liquidated over the last day, with shorts making up $294 million worth of them.

Bitcoin’s rise also comes as gold and U.S. stocks jump on hopes that the Federal Reserve will cut interest rates again this month. The central bank has been under pressure from President Donald Trump to lower the cost of borrowing this year.

Crypto markets and stocks have in the past done well in a low interest rate environment. Experts previously told Decrypt that the price of BTC would benefit if lower interest rates.

“Bitcoin briefly tested record highs before retreating as traders took profits,” Joe DiPasquale, CEO of crypto asset manager BitBull Capital, told Decrypt. “The broader setup remains bullish, with a prolonged government shutdown likely to continue driving interest in hard assets and supporting demand for Bitcoin as an alternative store of value.”

Bitcoin this year has surged off the back of pro-crypto President Trump’s election win and subsequent inauguration. Since taking office, the Republican, who campaigned on a ticket to help the industry, has pushed digital asset-friendly policies, including plans for a strategic Bitcoin reserve.

Still, compared to past cycles, BTC’s price hasn’t soared as much post its quadrennial halving: as the market cap of the biggest coin grows, it takes far more cash to move its price, and the volatility of the cryptocurrency is down since the 2024 approval of U.S. Bitcoin ETFs.

Both Bitcoin and gold have seen significant price gains since the U.S. government shutdown began earlier this week.

“BTC’s appeal as a safe haven is not only becoming more visible but also more deeply rooted—growing at the same time that confidence in traditional institutions continues to erode,” FRNT Financial Head of Data and Analytics Strah Savinja told Decrypt.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Bitcoin Rockets 4% Amid Massive $442 Million Whale Move
NFT Gaming

Bitcoin Rockets 4% Amid Massive $442 Million Whale Move

by admin


  • Bitcoin sees 140% volume surge as whales activate
  • BTC holds above $110,000

The Bitcoin ecosystem has witnessed renewed momentum as trading activities soared dramatically over the last day. 

On Monday, September 29, on-chain tracking platform Whale Alert identified a massive Bitcoin transfer involving over 3,900 BTC, according to its latest X posts.

Further data revealed that the large BTC transfers were executed via unidentified wallet addresses in two separate transactions. Together, the transfers amounted to more than $442 million.

Notably, these transactions have raised eyebrows across the crypto community, coming at a time when investor sentiment suddenly shifted, driving crypto asset prices sharply upward.

Bitcoin sees 140% volume surge as whales activate

Following the move, Bitcoin not only posted strong daily gains, rebounding above the $113,000 mark, but also recorded a massive 140% surge in trading volume over the last 24 hours.

While the large transactions coincided with the market’s positive momentum, it appears that rising whale activity has contributed to the asset’s price recovery, though the mysterious nature of both transfers makes it difficult to confirm whether they were buy attempts or sell-offs.

Historically, large and unidentified BTC transfers like these are often traced to institutional redistribution activities or moves by high-net-worth investors.

With multiple significant BTC transactions spotted among firms such as BlackRock and Strategy today, it appears that whales are actively positioning ahead of what could be a major market event.

BTC holds above $110,000

After days of trading deep in the red and falling below $110,000, confidence seems to be returning as Bitcoin now holds well above that level, trading at $113,856 at the time of writing.

Source: CoinMarketCap

With trading volume rocketing 140% and price gains reaching 4%, analysts predict Bitcoin is heading toward resistance between $113,500 and $114,000, potentially setting the stage for a strong start to the new month.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Dogecoin Price Stages Big Rebound as Volume Rockets 65%
NFT Gaming

Dogecoin Price Stages Big Rebound as Volume Rockets 65%

by admin


Dogecoin (DOGE), the king of meme coins, has staged a big rebound as the volume recorded a massive uptick in the last 24 hours. DOGE’s price has climbed by over 2.55%, higher than Bitcoin’s 2.5%. CoinMarketCap data shows Dogecoin’s volume has skyrocketed by more than 65% within this period.

Is SEC decision on DOGE ETFs behind market optimism?

Dogecoin is witnessing this level of volume increase as the market anticipates key decisions from the U.S. Securities and Exchange Commission (SEC). Notably, the SEC has a deadline to rule on over a dozen DOGE exchange-traded funds (ETFs). The SEC has to decide on these applications in October.

The volume spike might be a sign that investors are actively accumulating the meme coin in anticipation of a possible approval. Many believe that an approval could increase institutional adoption and trigger further price increases. 

Polls on the crypto market have placed the approval chances of the spot DOGE ETF at 92%.

Additionally, the Altcoin Season Index has increased to 66, signaling more funds are rotating from Bitcoin to assets like DOGE.

As of press time, the Dogecoin price was changing hands at $0.2369, which represents a 3.27% increase in the last 24 hours. The meme coin, within this time frame, rose from a low of $0.2292 to a peak of $0.2375, suggesting potential for higher price levels.

Dogecoin Daily Price Chart | Source: CoinMarketCap

The trading volume has soared by 80.25% to $2.35 billion as market participants are gripped by a fear of missing out (FOMO). They are likely accumulating the asset as the price is still below the critical $0.30 level.

If DOGE can break out above this price resistance level, the meme coin could proceed to post impressive gains. Some believe that this might be the last opportunity for investors to buy Dogecoin cheaply, as prices could soar astronomically if technical patterns align.

Utility push adds long-term value for Dogecoin

Meanwhile, Timothy Stebbing, Director, Dogecoin Foundation, is pushing for more utility for the meme coin. Stebbing argued that increased utility will drive the adoption of DOGE in the broader financial space. The goal is to ensure that DOGE gains acceptance and pulls in more users to the ecosystem.

The meme coin’s golden cross formation could support its upward movement and allow it to exit bear traps in the market. Dogecoin is likely to surge past $0.50 if a bullish breakout occurs, and the leading cryptocurrency, Bitcoin, records a surge too.



Source link

0 comments
0 FacebookTwitterPinterestEmail
9,008,448 SHIB Burned in Days: Shiba Inu Metric Rockets 10,021%
NFT Gaming

9,008,448 SHIB Burned in Days: Shiba Inu Metric Rockets 10,021%

by admin


According to Shibburn, 7,082,219 SHIB have been burned in the last 24 hours, contributing to a 10,021.65% surge in daily burn rate.

The over 7 million SHIB tokens burned in the last 24 hours added to a total of 9,008,448 SHIB tokens burned in the last seven days.

According to Shibburn, 9,008,448 SHIB were burned in the last seven days, only producing a 122% increase in weekly burn rate.

HOURLY SHIB UPDATE$SHIB Price: $0.00001189 (1hr 0.08% ▲ | 24hr 1.03% ▲ )
Market Cap: $7,013,172,639 (1.29% ▲)
Total Supply: 589,247,697,064,597

TOKENS BURNT
Past 24Hrs: 7,082,219 (10021.65% ▲)
Past 7 Days: 9,008,448 (122.01% ▲)

— Shibburn (@shibburn) September 27, 2025

With the recent burns, Shiba Inu’s total supply is now 589,247,697,064,597 SHIB out of an initial 1 quadrillion tokens.

While Shiba Inu’s burn rate has skyrocketed in the last 24 hours, the same cannot be said of Shiba Inu’s price, which was trading down alongside the rest of the markets.

At the time of writing, SHIB was trading at $0.0000118 and down 9% weekly.

Bullish October?

Shiba Inu has steadily declined since a high of $0.00001484 on Sept. 13. The price drop continued further to reach a low of $0.0000115 on Thursday before it slightly rebounded.

So far, Shiba Inu is down 3.36% in September, a month usually mixed for its price action, while optimism remains for October. Historically, October has been one of the most reliably positive months for Bitcoin and major cryptocurrencies, including SHIB, earning it the moniker “Uptober.”

The possibility of a Fed rate cut in October after a similar move by the central bank this month remains, which is positive for cryptocurrencies.

In addition, a historical trend evident for Shiba Inu in the last two years is that of last-minute Q4 rallies. It will be interesting to see if history repeats itself as Q4, 2025, progresses.





Source link

0 comments
0 FacebookTwitterPinterestEmail
Shiba Inu price
NFT Gaming

Shiba Inu price recovery in sight as burn rate rockets 7,200%

by admin



Shiba Inu price bottomed at a crucial support level, with the soaring burn rate and whale buying, and falling exchange reserves pointing to an eventual rebound.

Summary

  • Shiba Inu price could rebound as the burn rate soars.
  • Whale have continued to accumulate SHIB coins.
  • The balances of Shiba Inu coins in exchanges has plunged.

Shiba Inu (SHIB) token was trading at $0.00001180 on Friday, Sep. 26, its lowest level since Aug. 2. 

Soaring burn rate and whale buying, falling exchange reserves

SHIB could be about to rebound as key fundamental catalysts align. Data compiled by Shiburn shows that the burn rate jumped by 7,200% on Friday to 7.06 million coins.

The burn rate jumped as one user sent 6 million SHIB to a burn address in three transactions. This burn brings the cumulative incinerated tokens to over 410 billion and the current circulating supply to 584 billion.

Another bullish metric is that whales have continued to accumulate SHIB, a sign that they expect it to rebound. Whales now hold 89 billion SHIB, up from this month’s low of 28 billion.

The closely-watched smart money investors who have a reputation of executing profitable trades have also boosted their positions. They have added their holdings by 105% in the last 30 days to 12.46 billion coins.

The ongoing accumulation likely explains why the amount of Shiba Inu Coins in exchanges has dropped to 283 trillion, down from 297 trillion in July.

These metrics are signs that investors expect the coin to rebound after falling by double digits this year. 

Shiba Inu price technical analysis

SHIB price chart | Source: crypto.news

The daily chart shows that the SHIB price has moved sideways in the past few weeks. It has formed a symmetrical triangle pattern whose two lines are about to converge. The coin moved below the lower side of this pattern during the ongoing crypto market crash. While this is a bearish move, it may also be a false breakout.

Shiba Inu’s Relative Strength Index and Chande Momentum Oscillator have moved to their lowest levels since June. The last time this happened, the coin rebounded by double digits.

Therefore, there is a likelihood that SHIB will rebound in the coming days. If this happens, the coin will likely rally and hit the important resistance at $0.0001477, the highest point on Sept. 14.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Bullzilla's $0.00000575 price sparks presale momentum
Crypto Trends

BitGo rockets to $4.2b earnings, eyes NYSE debut for IPO

by admin



Crypto custodian BitGo is making a splash in the digital asset world with a staggering $4.19 billion in earnings for the first half of 2025.

As the company prepares to go public with plans for a New York Stock Exchange listing, it’s boasting record profits and expanding global reach. Plus, BitGo has a dual-share structure that keeps CEO Michael Belshe firmly at the helm, setting the stage for a high-stakes debut in an increasingly bullish crypto IPO market.

Summary

  • BitGo files for U.S. IPO after $4.19 billion revenue surge in first half of 2025
  • CEO Michael Belshe to retain control via dual-class voting share structure
  • IPO momentum grows as crypto firms tap public markets for expansion

As per reports, the company’s earnings nearly quadrupled to $4.19 billion in the first half of 2025. The Palo Alto-based firm reported a net profit of $12.6 million during the six months.

Founded in 2013, BitGo ranks among the most prominent crypto custody institutions in the United States and was valued at $1.75 billion in 2023.

The company plans to list on the New York Stock Exchange under the ticker BTGO, with Goldman Sachs and Citigroup serving as lead underwriters for the offering.

BitGo co-founder retains control

BitGo’s Belshe will retain control through a dual-class share structure. The Class B shares carry 15 votes each compared to one vote for Class A shares offered to public investors.

This arrangement qualifies BitGo as a “controlled company” under NYSE rules and exempts it from certain governance standards.

The company has expanded its global reach by securing an extended license from Germany’s Federal Financial Supervisory Authority. This allows its European arm to offer trading, custody, staking and transfer services under the EU’s Markets-in-Crypto-Assets framework.

BitGo’s client base includes crypto-native firms, financial institutions, governments and high-net-worth individuals. The company has completed Service Organization Control audits.

Strong crypto IPO market momentum continues

The BitGo IPO filing joins a wave of successful crypto public market debuts in recent months. Stablecoin issuer Circle, crypto exchange Bullish, and blockchain-based lending firm Figure have all seen strong reception from public market investors.

IPO research firm IPOX CEO Josef Schuster noted that “investors are increasingly viewing digital assets as an asset class in their own right, rather than purely speculative instruments.”

U.S. IPOs are experiencing one of their busiest periods since 2021. Crypto firms are also anchoring a market revival following earlier regulatory uncertainty.

Washington’s increasingly welcoming stance toward crypto has created favorable conditions for companies like BitGo to access public capital markets and scale their operations.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Shiba Inu Rockets 560% in Volumes on Kraken, Hidden Price Signal?
NFT Gaming

Shiba Inu Rockets 560% in Volumes on Kraken, Hidden Price Signal?

by admin


Shiba Inu, in particular the SHIB/USD pair, has seen a 560% increase in spot trading volume on Kraken within a one-hour period.

The SHIB/USD pair on Kraken recorded $14,690 in hourly activity, marking a 560% increase in trading volume.

More often than not, a surge in volume might reflect traders’ positioning, with the broader market largely trading in red in the early Saturday session.

Shiba Inu wasn’t exempt from the drop, trading down 1.16% in the last 24 hours to $0.0000129 and down 10.84% weekly.

While Shiba Inu’s hourly volume surged 560%, the same could not be said of its total spot trading volume across crypto exchanges. In the last 24 hours, Shiba Inu’s total trading volume came in at $166.92 million, a 23.35% drop from the past day, according to CoinMarketCap data.

Hidden price signal?

Shiba Inu’s funding rate has flipped positive, coinciding with the hourly volume surge on Kraken.

According to CoinGlass data, Shiba Inu’s funding rate is in the green at 0.0018%. A positive funding rate in crypto derivatives indicates the perpetual futures contract price is trading above the underlying spot price, a sign of bullish market sentiment (as more traders believe the price might rise) and high leverage on long positions.

Shiba Inu saw a significant drop in Friday’s session, plunging from $0.00001356 to $0.00001279, extending its fall from Sept. 18’s high of $0.0000136.

Shiba Inu hit a low of $0.00001278 near the daily SMA 50 in Saturday’s session, from where it rebounded as buyers purchased the dip. Its rebound stopped at $0.000013, with further buying pressure required from the crypto market to push its price higher.



Source link

0 comments
0 FacebookTwitterPinterestEmail
XRP Rockets 762% in Crucial Metric Following ETF Launch
GameFi Guides

XRP Rockets 762% in Crucial Metric Following ETF Launch

by admin


As XRP enters the spotlight this week following the big announcement on its first-ever ETF launch, data from CryptoQuant shows that it has seen an explosive surge in exchange activities on Thursday, September 18, 2025.

According to the data, the third-largest cryptocurrency by market capitalization saw its total inflows across all supported exchanges surge by a massive 762%.

Notably, the total exchange inflows recorded on Thursday, the day the first U.S. XRP ETF went live, reached a massive 11.57 million XRP. 

This marks a substantial increase from the 1.34 million XRP inflows recorded the previous day. Hence, speculations suggest that the rise in exchange activities witnessed on the day might have been spurred by buzz around the ETF launch.

XRP bearish signal despite ETF launch?

The notable surge in XRP exchange inflows coincides with the debut of the buzzing XRP ETF, which happened the same day. 

While exchange inflows are strong indicators of mounting selling pressure, the surge in XRP exchange inflows suggests that the ETF launch has triggered speculative trading among holders while also stirring the decision to reposition their holdings ahead of potential market volatility.

Nonetheless, the move has sparked curiosity among market watchers, as the price of XRP surged massively on the same day despite the inflow spike.

With the amount of XRP offloaded across all supported exchanges rising by a massive 762% in just 24 hours, it appears traders opted to take profits or prepare to sell off the assets amid rising uncertainties on the possible performance of the new ETF.

While the asset saw its price surge substantially by over 5% on the same day, it appears that the ETF launch has driven strong demand for XRP, which was able to absorb the mounting selling pressure.

With the price of XRP returning to the red zone as of today, analysts have become more uncertain about its potential price move; however, they have expressed strong optimism that the XRP ETF launch will ignite fresh institutional participation, pushing XRP’s price beyond record highs.



Source link

0 comments
0 FacebookTwitterPinterestEmail
US XRP ETF Launch Rockets to $24 Million in First 90 Minutes
NFT Gaming

US XRP ETF Launch Rockets to $24 Million in First 90 Minutes

by admin


Trading has officially opened for the first U.S. exchange-traded fund offering direct exposure to XRP. Listed on the CBOE under the ticker XRPR, the Osprey REX fund began trading at $25.80 against a net asset value of $25, starting small in scale but setting an important precedent. 

With initial assets of $625,000 and 25,000 shares outstanding, the fund provides regulated exposure to one of the world’s most widely traded digital assets via a standard brokerage account.

SEMI-SHOCK: Rex XRP ETF $XRPP is already at $24m in volume. That is way more than I would have thought. For context it’s 5x more than any of the XRP futures ETFs did on Day One and it’s only been 90min. pic.twitter.com/DKIDD6noZF

— Eric Balchunas (@EricBalchunas) September 18, 2025

XRPR holdings are split between CME’s CF XRP-Dollar Reference Rate (59%), CoinShares’ Physical XRP product (39%) and a small cash balance. This means that shares trade in the $25-$26 range rather than reflecting XRP’s price of $3.11 directly on crypto exchanges.

While the design did not surprise many on launch day, the volume did. Within just 90 minutes of trading, XRPR cleared $24 million in turnover, a figure five times higher than that achieved by any XRP futures-based ETF on its entire first day. 

What’s up with Dogecoin ETF DOJE?

Also sharing the stage is DOJE, the first U.S. Dogecoin ETF, which has also outperformed expectations. Bloomberg’s Eric Balchunas reported nearly $6 million in volume in the first hour, an extraordinary figure given that most ETFs struggle to exceed $1 million on day one.

Prices fluctuated between $27.11 and $26.43, while spot DOGE was trading at $0.282 on Binance.

The message from day one is clear: even without the support of Wall Street giants such as BlackRock, Osprey’s crypto ETFs have found buyers. XRP now has its first U.S. ETF representation, and Dogecoin has jumped from meme status to that of a regulated product — both achieving this with more force than anyone predicted.





Source link

0 comments
0 FacebookTwitterPinterestEmail
Shiba Inu Rockets 440% in Crucial Metric, But Price is Down
GameFi Guides

Shiba Inu Rockets 440% in Crucial Metric, But Price is Down

by admin


After multiple days of consistent downtrend, the Shiba Inu burn rate has finally flipped positive, according to data shared by the popular wallet tracker, Shibburn.

According to the data, the Shiba Inu burn rate has returned to the positive side, hitting a 440% increase over the last day. While this marks a decent improvement in the asset’s burn activity, it is not extremely exciting, as the amount of meme coins that have been destroyed during the period remains substantially low compared to previous records.

SHIB supply shrinks by 375,821 SHIB

Notably, the data have shown that only 375,821 SHIB have been moved out of circulation in four separate transactions over the last 24 hours.

This reluctance in SHIB’s deflationary activity comes as no surprise, as it coincides with a negative trend in SHIB’s price action during the period. Notably, the price of the second-largest meme cryptocurrency has failed to resume its uptrend, falling by 1.68% over the last 24 hours after a notable upsurge witnessed the previous day.

This decent recovery in SHIB burn rate has helped to drive a slight improvement in the weekly burn rate. While the SHIB weekly burn rate has previously recorded notable losses, it has only dipped by 62.29%, with about 3,047,331 SHIB burnt over the last week.

SHIB has yet to witness a major breakout in its price, as recent onchain movements suggest fading momentum, with its price majorly trading sideways.

Although Shiba Inu’s latest run has remained unstable, investors have continued to show optimism amid predictions that the leading memecoin is headed for a breakout towards $0.0000138.

Nonetheless, the memetoken remains in the spotlight, as it has continued to draw attention across the broad crypto community amid growing debates on the possibility of a major price rally for Shiba Inu.

While whales have been consistently spotted stacking up on the meme asset, investors are still positive that SHIB can climb beyond key resistance levels and fuel a rally toward the highly anticipated $0.0001 level.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close