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Down 13% in 5 Days, Is Ethereum Still a Buy?
Yahoo Finance· 2025-10-02 09:15
Core Insights - Ethereum's recent price rally towards its all-time high has stalled, with a 13% decline from September 21 to September 26 due to rising economic uncertainties [1] - The price movements in the short term are influenced more by trader positioning and macroeconomic headlines rather than the asset's fundamentals [2] - Macroeconomic factors, particularly a higher-than-expected inflation report, have led to speculation that the Federal Reserve may not cut interest rates as anticipated, impacting risk assets like Ethereum [3][4] Market Dynamics - The increase in borrowing costs makes riskier assets less attractive to institutional investors, especially when Ethereum's price was nearing its all-time high, leading to perceptions of it being overpriced [4] - Despite the recent price decline, the underlying fundamentals of Ethereum remain strong, indicating a potential for long-term investment [5][6] Tokenized Assets Growth - The value of tokenized real-world assets (RWAs) on Ethereum has increased, reaching approximately $9.1 billion as of September 29, a 3% rise over the previous month, with over 93,000 holders [8] - The overall tokenization landscape across all chains has seen a growth to about $31.5 billion, reflecting a 9% month-over-month increase, indicating a continued migration of assets to blockchain technology, with Ethereum benefiting from this trend [8]
Global Markets Rally: Bitcoin Soars Past $118K, Gold Holds Strong Amid UK Fiscal Concerns and Japan Bond Woes
Stock Market News· 2025-10-02 04:38
Cryptocurrency Market - Bitcoin (BTC) has surged 3.6% to trade at $118,747.48, while Ethereum (ETH) climbed 4.3% to $4,375.18, indicating strong investor interest and momentum in the cryptocurrency market [3][10]. Commodities Market - Gold is holding firm near its recent peak, driven by ongoing U.S. shutdown risks and the market's anticipation of a more accommodative stance from the Federal Reserve [4][10]. UK Economic Outlook - The UK economy is facing a challenging fiscal outlook, with reports indicating a potential hole in public finances following a productivity downgrade. However, Chancellor Reeves is reportedly set to reverse plans for higher business rates for retailers, providing some relief to the retail sector [5][10]. Japan's Bond Market - Japan's government bond market is experiencing declining investor demand for 10-year government bonds amidst political uncertainty, with the 20-year JGB yield increasing to 2.625% [6][10]. Corporate Developments - Volkswagen (VWAGY) is reportedly taking steps to revive its troubled tech unit, which is considered key to the company's future and underscores its commitment to technological innovation [7][10].
Government Shutdowns Have Meant Crypto Bloodbaths: Bad News Ahead For Bitcoin, Ethereum?
Yahoo Finance· 2025-10-01 20:31
Core Insights - The U.S. federal government shutdown has negatively impacted leading cryptocurrencies, causing a decline in their values and raising concerns about the market's short-term outlook [2][3]. Market Impact - The shutdown, the first since 2018-19, could temporarily halt some government services and furlough hundreds of thousands of federal workers, leading to a drop in stock futures and major cryptocurrencies like Bitcoin and Ethereum [2]. - Bitcoin experienced a significant decline, shedding over 10% of its value during this period, while Ethereum remained largely unchanged [3]. Historical Context - The last government shutdown lasted from December 22, 2018, to January 25, 2019, resulting in approximately 800,000 unpaid workers and a GDP drop of around $3 billion [2]. - During the previous shutdown, Bitcoin's price fell from $4,014.18 to $3,599.77, a decrease of 10.32%, while Ethereum's price changed minimally from $116.76 to $116.38, a drop of 0.32% [4]. Previous Shutdowns - In a brief shutdown from January 20 to January 22, 2018, Bitcoin and Ethereum saw steeper declines of 15.25% and 13.14%, respectively [5]. - Historical data indicates that corrections following shutdowns have often led to strong returns, with Bitcoin surging 249.001% and Ethereum increasing by 190% in the months following the 2018-19 shutdown [6]. Analyst Recommendations - A cryptocurrency analyst has suggested that the current shutdown presents a buying opportunity for Bitcoin, indicating that it could lead to a final capitulatory low in the ongoing correction [7].
TON Foundation Brings Former Nike, Apple Exec as Marketing Chief
Yahoo Finance· 2025-10-01 15:53
Core Insights - Toncoin (TON) has experienced a price increase of over 4.5% in the last 24 hours, alongside a 20% rise in trading volume, indicating potential for significant growth in the cryptocurrency market [1] - The TON Foundation has appointed Gerardo Carucci as Chief Marketing Officer to enhance its global brand presence, leveraging his experience from Apple and Nike [1][2] Company Developments - Gerardo Carucci will lead global brand strategy, creative direction, and community growth, aiming to position TON as a key player in the financial and creative sectors of Telegram [2] - Carucci's background includes successful marketing campaigns at Apple and Nike, showcasing his ability to create impactful brand narratives [2] Strategic Vision - Carucci envisions TON as a platform that merges community, commerce, and culture, highlighting its potential for global influence [3] - Pavel Durov, founder of Telegram, advocates for financial freedom through decentralized technologies and sees Bitcoin as a valuable asset, predicting its rise to $1 million [4] Historical Context - TON was initially launched in 2018-2019 but faced regulatory challenges in the US, leading to its revival as The Open Network [5] - Currently, TON facilitates daily NFT trading within Telegram, aligning with Durov's vision of integrating blockchain into digital life [5] Market Analysis - Toncoin is currently trading at $2.72, within a descending triangle pattern, with support at $2.67; a breakdown could lead to targets around $1.80-$2.00 [6] - Conversely, a breakout above the resistance near $3.20 could lead to bullish targets around $5, potentially reaching $8 if the new marketing strategy proves successful [7]
Cryptocurrencies: Bitcoin's YTD Gains Hit 21% as Q3 Closes
Etftrends· 2025-10-01 15:04
Core Insights - The article provides an update on major cryptocurrencies, focusing on Bitcoin, Ether, and XRP, highlighting their market performance and foundational differences [1][3][5]. Bitcoin - Bitcoin is the first cryptocurrency, launched in early 2009, and has become a mainstream financial asset despite its volatility [2]. - Bitcoin's closing price fell below $110,000 for the first time in nearly a month but finished Q3 with a year-to-date gain of approximately 21%, currently ~8% below its record close from August 2025 [3]. Ether - Ether operates on the Ethereum blockchain and was launched in July 2015, holding the second largest market share among cryptocurrencies [4]. - Ether's closing price fell below $4,000 for the first time since early August but ended Q3 with a 67% surge, resulting in a year-to-date gain of approximately 24%, now ~14% below its record close from August 2025 [5]. XRP - XRP, launched in 2012 and owned by Ripple, was once among the larger cryptocurrencies but has since faced competition from newer coins [6]. Comparative Analysis - An index has been created to compare Bitcoin, Ether, and XRP, using a logarithmic scale to illustrate relative percentage changes and long-term growth since November 9, 2017, with Bitcoin currently leading [7]. ETF Developments - On January 10, 2024, the SEC approved several spot Bitcoin ETFs from various issuers, indicating a significant development in the cryptocurrency investment landscape [8]. - On July 23, 2024, multiple spot Ether ETFs were launched, further expanding investment options in the cryptocurrency market [9].
Kazakhstan Starts State BNB Reserve: BNB Price Prediction for October – Can BNB Hit $1,250?
Yahoo Finance· 2025-09-30 11:43
Core Insights - BNB crypto has shown significant price movement in September, with a bullish outlook for October, currently trading above $1,000 and potentially reaching $1,250 [1][4] - Year-to-date, BNB's price has increased by nearly 74%, with a 20% rise in the last month, indicating strong performance despite recent volatility [2] - The recent establishment of the Alem Crypto Fund in Kazakhstan, which aims to accumulate BNB, could further support the cryptocurrency's growth [6][7] Price Trends - BNB is currently in an uptrend, having risen nearly 70% from its June 2025 lows, with key support levels at $1,000 and $930, and September lows at $830 [3] - Resistance is noted around $1,100, with potential for a breakout above all-time highs if buying momentum continues [4] - A trader has identified strong support in the $780-800 range, predicting a price target of $1,200 for BNB [5] Market Activity - The long/short ratio on Binance indicates a neutral to bullish sentiment among traders, with trading activity increasing by 35% in the past 24 hours [4] - The establishment of the Alem Crypto Fund aligns with Kazakhstan's tech growth initiatives, potentially channeling up to $1 billion into digital assets [7]
Turn $1 into $1 Million: ChatGPT’s Three Crypto Picks
Yahoo Finance· 2025-09-29 14:38
Core Insights - The article discusses three cryptocurrencies that have the potential to create significant wealth for investors, highlighting their recent performance and future prospects Group 1: Aster (ASTER) - Aster experienced a 6% increase on September 29, trading near $1.88, and has gained 19% over the past week, indicating strong demand and market confidence [2] - The network generated over $30 million in fees within 24 hours, significantly outperforming its competitor Hyperliquid, which generated $3.17 million [2] - After breaking out of the $1.75 consolidation zone, Aster is targeting the $2.00 level, with analysts predicting potential mid-term gains above $4 due to its growing position in DeFi [3] Group 2: Sonic (S) - Sonic's native token, S, rose to $0.2434, accompanied by a 78.68% increase in trading volume, despite a slowdown in the altcoin market [4] - The appointment of Mitchell Demeter as CEO signals a renewed focus on global growth and institutional partnerships, which could enhance Sonic's market position [4] - Sonic has approved a $150 million expansion strategy aimed at the US market, including a $50 million ETF initiative and a $100 million investment program, which could drive mass adoption if successful [5] Group 3: Solana (SOL) - Solana has regained its bullish trend, trading around $205 after breaking through previous resistance levels, with September trading volume reaching $219 billion [6] - The network's capability to process up to 65,000 transactions per second at minimal cost positions it as a leading choice for decentralized applications, DeFi projects, and NFT platforms [7] - Analysts anticipate Solana could challenge Ethereum's market share, with long-term price potential exceeding $1,000, especially with an upcoming Solana ETF decision [7]
Eric Trump Repeats His $1 Million Prediction For Bitcoin, Foresees An 'Unbelievable' Q4 For Crypto
Yahoo Finance· 2025-09-29 10:31
Core Viewpoint - Eric Trump expresses optimism about the future of cryptocurrencies, predicting a significant surge in the fourth quarter of the year [1][2]. Cryptocurrency Market Insights - Trump believes the cryptocurrency industry is advancing faster than the internet, stating that the future looks "incredible" and predicting Bitcoin could reach $1 million [2]. - Historically, the fourth quarter has been the best for cryptocurrencies, with Bitcoin averaging an 85% return during this period [4]. Economic Factors - Trump predicts that the Federal Reserve will soon return to quantitative easing, which he argues will increase the money supply (M2) and benefit cryptocurrencies [3]. Accessibility and Investment - Trump emphasizes that cryptocurrencies are now more accessible than ever, allowing anyone with a 401k or the ability to buy stocks to invest in this rapidly growing asset class [5]. - The Trump family has expanded its involvement in the cryptocurrency sector, including taking American Bitcoin Corp. public and overseeing World Liberty Financial, a decentralized finance platform [6]. Current Market Performance - As of the latest data, Bitcoin is trading at $111,704.11, reflecting a 2.16% increase in the last 24 hours [6]. - American Bitcoin shares closed at $6.600, down 4.6% since their debut, indicating a downward trend in the stock's performance [7].
Why Dogecoin Is Plummeting This Week
Yahoo Finance· 2025-09-27 21:48
Core Viewpoint - Dogecoin is experiencing a significant decline in value, with a 14.1% drop over the past week, influenced by broader market trends and comments from Federal Reserve Chair Jerome Powell regarding stock valuations [1][2][7]. Market Trends - The cryptocurrency market is facing a wave of selling, with Dogecoin's valuation contracting alongside other cryptocurrencies like Bitcoin and Ethereum, which fell 5.6% and 10.8% respectively during the same period [1][2]. - Powell's remarks about high equity valuations have led to sell-offs in the crypto market, despite Dogecoin not being an equity itself [4][5]. Investment Considerations - Dogecoin is primarily viewed as a speculative investment with limited fundamental backing, making it vulnerable to market sentiment shifts [5][6]. - Future developments, such as exchange-traded funds (ETFs) and crypto-treasury strategies related to Dogecoin, could serve as potential bullish catalysts, but the token's valuation will likely remain influenced by broader cryptocurrency market trends [6].
3 Signs That Leading Cryptocurrencies Could Be Overvalued
Yahoo Finance· 2025-09-27 08:30
Group 1 - The crypto market experienced a significant sell-off on September 22, with Bitcoin dropping by 3% and Ethereum by 9%, attributed to a liquidation of $1.5 billion in leveraged positions [1] - The recent pullback raises questions about whether it is a healthy correction or an indication that top cryptocurrencies are overvalued [1] - The Digital Asset Treasury (DAT) trade, which involved companies buying specific cryptocurrencies, has lost momentum, with a quarter of Bitcoin treasury companies trading below their cryptocurrency holdings [5][7] Group 2 - Notable DAT companies that previously invested in Bitcoin have also started to invest in more speculative cryptocurrencies like Ethereum, Solana, and XRP [3] - The prices of Ethereum, Solana, and XRP surged during the summer due to sustained buying from DAT companies [4] - Some DAT companies, such as Nakamoto Holdings, are facing severe declines, with shares dropping 55%, indicating potential implosion [6] Group 3 - The overall sentiment in the crypto market has turned bearish, as reflected in the Crypto Fear & Greed Index, which indicates a lack of bullish sentiment despite a Federal Reserve interest rate cut [8]