Bitcoin falls below $100,000 for the first time since June amid cryptocurrency market correction
Major cryptocurrencies depressed Major altcoins took an even bigger hit, hitting their lowest levels since June.
- price reduction. Bitcoin fell below $100,000 for the first time since June 22nd.
Bitcoin, the flagship cryptocurrency, fell below the $100,000 level for the first time since June 22. The OKX exchange pared some losses after hitting an intraday low of $99,941.
The topcoin has now officially entered correction territory, having fallen more than 22% from the record highs reached earlier this month.
- market sentiment. Betting platform Polymarket currently shows that there is a 51% chance that BTC will reach $90,000 this year.
The probability that Bitcoin will crash to $90,000 this year is currently 51%, according to betting website Polymarket. For comparison, just a month ago there was only an 11% chance of Bitcoin reaching that level. This shows how quickly emotions can change.
Franklin Templeton updates XRP ETF application ahead of impending SEC approval
American financial giant Franklin Templeton Updated Canary Capital and Bitwise filed for an XRP ETF after similar moves.
- Regulatory advances. US financial giant Franklin Templeton, which manages $1.5 trillion in assets, has updated its S-1 filing for its proposed XRP exchange-traded fund (ETF).
Franklin Templeton, an American financial giant with $1.5 trillion in assets under management, has updated its S-1 filing for its XRP exchange-traded fund (ETF).
An S-1 filing is a registration document that an issuer files with the SEC to launch a public product (in this particular case, the XRP ETF).
- key details. This update shortens the language in Section 8(a), which is a procedural change under securities law that indicates the SEC is preparing to approve registrations.
The updated filing shortens the language of Section 8(a), a section of the Securities Act that allows regulators to delay the effectiveness of registrations.
Ripple's $1 billion share buyback has few participants despite a $40 billion valuation
Ripple buyback Saw According to a recent report in the Information, attendance is low.
- Repurchase details. Ripple Labs recently proposed buying back $1 billion worth of stock at a valuation of $40 billion.
According to a recent report in The Information, Ripple Labs last month proposed buying back $1 billion worth of stock at a valuation of $40 billion. However, the company reportedly had the lowest participation rate ever in this tender offer, with many individual shareholders choosing not to sell their shares.
This shows investors are confident in Ripple's long-term potential following the company's victory over the SEC and major acquisition spree.
1 Billion SHIB Transactions Rushed, Shiba Inu Faces Big Drop
shiv face A significant decline in the market could occur, laying the groundwork for further price declines.
- large scale liquidation. Approximately 1 billion SHIB has been sold on exchanges, leading to a large-scale decline.
With approximately 1 billion SHIBs being sold on exchanges, the Shiba Inu is certainly in a significant downturn. As a result of this huge sales volume, prices have fallen significantly, as the latest chart breakdown shows.
The current bearish trend and sharp increase in sales activity raise serious doubts about SHIB's near future. At the time of writing, the price broke through an important support level and fell below the $0.000010 mark. The recent decline has coincided with an increase in volume, which is often a key sign of capitulation.
Dogecoin faces bearish setup as analysts warn of possible drop below $0.10
doge formed It's the weakest setup in months since losing key support and is poised for a brutal 40% correction.
- price outlook. Dogecoin (DOGE) may be entering an extended bear phase.
According to the latest price predictions, Dogecoin pricing looks like a time bomb with a slow fuse. It turns out that the drop below $0.18 was not a manipulation or accidental slip, but a final line that prevented DOGE from paving the way towards $0.12 again. Even worse, it could drop below $0.10 by the end of 2025.
