Author: John Smith

Solana price continues to struggle below the 200 Exponential Moving Average (EMA), with repeated rejections signaling building downside pressure and a potential move toward $145 support. Summary Solana faces repeated rejections at the 200 EMA resistance zone. Weak volume and momentum confirm ongoing bearish pressure. Downside target remains $145 unless the 200 EMA is reclaimed. Solana’s (SOL) price action remains weak as the asset continues to trade below the 200 Exponential Moving Average (EMA), a key dynamic level watched by both traders and investors. Multiple failed attempts to reclaim this level have confirmed it as a strong zone of resistance. The…

The crypto market crash resumed today, Oct. 22, as the Fear and Greed Index slipped to the fear zone.   Summary The crypto market crash resumed ahead of the US inflation data. Bitcoin price moved to $106,825, down from this week’s high of $112,965. The Crypto Fear and Greed Index has moved to the fear zone.  Bitcoin (BTC) and most altcoins were in the red. BTC dropped to $106,825, down from this week’s high of $113,965. It has dropped by 14.6% from its highest point this year.  Most altcoins were in the red, with the top laggards being Aster (ASTER), MYX…

Canada’s financial watchdog has levied its largest-ever penalty against a crypto firm. Vancouver’s Cryptomus faces a $126 million fine for failing to report more than 1,000 suspicious transactions linked to darknet markets and terrorist financing in a single month. Summary FINTRAC fined Vancouver-based Cryptomus $126 million, Canada’s largest crypto penalty to date. Regulators cited over 1,000 unreported suspicious transactions and more than 7,500 transfers linked to Iran. In a statement the Financial Transactions and Reports Analysis Centre of Canada announced it had levied an administrative monetary penalty of C$176.96 million (about $126 million) against Xeltox Enterprises Ltd., the Vancouver-based entity…

BTC price continues to consolidate within a defined trading range between $98K and $127K, with the price action testing key support as the market seeks equilibrium. Summary Bitcoin trades within a range between $98K support and $127K resistance. Rejection from range high confirms extended consolidation. Market aligns with Novogratz’s projection of BTC staying range-bound into year-end. Bitcoin’s (BTC) price action remains firmly range-bound as the asset trades around the $98,000 support level, marking a continuation of its consolidation phase. Recent rejections at the upper boundary of the range have confirmed that the market is yet to find directional momentum. The…

The Federal Reserve is discussing a proposal to give fintechs and crypto platforms direct access to payment rails, ending their reliance on banks. Summary Federal Reserve’s new proposal could end crypto’s reliance on partner banks The skinny master account would enable direct access to Fed’s payment rails These accounts would still offer no interest or emergency borrowing The U.S. Federal Reserve may soon roll out a system that fundamentally changes how crypto firms interact with TradFi. During the Fed’s Payments Innovation conference on Tuesday, Oct. 21, Governor Christopher Waller outlined a proposal to enable fintechs and crypto platforms to tap…

XRP price is falling, but trading activity is on the rise. Could this divergence signal a shakeout or the calm before a recovery? Summary XRP price has dropped to $2.40, falling below its 200-day EMA, with losses of 0.45% in 24H and nearly 5% in the past week. Trading volume jumped 4.91%, suggesting profit-taking or risk-off sentiment among investors. Geopolitical tensions and the US government shutdown have spooked broader markets and stalled ETF approvals, including three XRP filings. A breakout above $2.50, backed by strong RSI and volume, is needed to reverse the bearish trend. XRP price is facing downward…

Several whales are deploying millions of funds into Bitcoin long positions on Hyperliquid as the asset sees slight gains. Will it be enough to catapult BTC back to the $110,000 level? Summary Whales deploy millions into USDC to open large leveraged long positions on Bitcoin, signaling growing bullish sentiment as long positions now dominate 51.98% of the market. Bitcoin is consolidating around $108,200 below its 30-day moving average, and sustained whale accumulation could trigger a breakout toward the $115,000–$118,000 resistance range. On Oct. 22, Lookonchain detected a wave of whale activity on-chain, namely the increase of funds deployed on long…

Inflows returned spot Bitcoin ETFs in the U.S. returned on Tuesday, as Bitcoin briefly surged past $113,000 while gold witnessed a sharp sell-off on the day. Summary Spot Bitcoin ETFs ended their outflow streak with $477 million in inflows on Tuesday. Inflows were triggered by a Bitcoin rally to $113k as Gold and Silver prices fell on the day. According to data from SoSoValue, the 12 spot Bitcoin ETFs saw $477.19 million in net inflows on Oct. 21, snapping a four-day outflow streak during which over $1 billion exited the funds. BlackRock’s IBIT saw the most inflows with $210.9 million…

A new dispute has emerged between U.S. banks and crypto firms after comments about stablecoin interest products sparked public criticism from Kraken’s chief executive. Summary Kraken CEO David Ripley criticized the ABA for opposing stablecoin interest payments. The debate highlights growing competition between banks and crypto platforms The GENIUS Act passage provided a framework for stablecoin issuers to thrive. The ongoing rivalry between banks and crypto platforms took another turn this week as Kraken’s chief executive officer David Ripley pushed back against the American Bankers Association’s warning on stablecoin interest products. Ripley responded via an Oct. 22 post on X…

Pi Network price stalls within its accumulation zone between $0.20 and $0.28, suggesting price may continue to range longer as the market seeks equilibrium after volatility. Summary $0.20 acts as strong accumulation support with daily closes holding firm. $0.28 serves as the upper range resistance capping upside momentum. Low volume suggests consolidation may persist before any breakout attempt. Pi Network’s (PI) price action has entered a clear phase of accumulation, with the market stabilizing between well-defined support and resistance levels. Following a period of heightened volatility and an oversold bounce, price has now established a structural range between $0.20 support and $0.28 resistance.…