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Hedera (HBAR) is facing challenges, with its price down 4.52% over the past 24 hours, currently trading at $0.053. Despite recent institutional partnerships, such as Copper’s integration of HBAR staking services, the token has been unable to overcome selling pressure. Key support levels are at $0.045, with resistance at $0.089, suggesting that HBAR is likely to trade within this range in the near term. Market sentiment remains cautious, as the token is still down more than 90% from its all-time high.

Binance’s founder, Changpeng Zhao, recently faced legal challenges resulting in a four-month prison sentence for anti-money-laundering compliance violations. While Zhao stepped down as CEO following this development, Binance continues to expand its services globally, securing licensing in new jurisdictions, including Dubai. Despite concerns about how Zhao’s departure might affect Binance’s future, the market appears stable as Binance’s Web3 ecosystem maintains investor confidence, especially with over $4.7 billion in Total Value Locked (TVL) across the Binance Smart Chain (BSC)​

Dogecoin ( DOGE ) has experienced a significant  price surge , largely attributed to renewed endorsement from Elon Musk. Musk’s proposal for a “Department of Government Efficiency” (D.O.G.E.) has sparked investor enthusiasm, leading to  increased demand  for the  cryptocurrency .
Bitcoin (BTC) is currently experiencing unprecedented inflows into U.S.-based spot ETFs, which have now reached a cumulative $22 billion. This trend reflects the surge in institutional demand, with a recent four-day streak adding $479 million alone. These inflows have boosted BTC’s price to a recent high of $71,500, positioning it just below its all-time high and fueling expectations of further gains if bullish sentiment holds steady. Analysts view the sustained inflows as a foundation for potential record-breaking prices before the year’s end, particularly as BTC remains the preferred asset among institutional and retail investors​ (InsideBitcoins.com), (Cointelegraph).In a notable market development, Solana (SOL) has overtaken Binance Coin (BNB) in market capitalization, reaching approximately $41.8 billion compared to BNB’s $41.1 billion. This shift positions Solana as the fourth-largest cryptocurrency, highlighting its recent surge and the competitive dynamics within the crypto market.

The U.S. Securities and Exchange Commission (SEC) has filed an appeal against a July 2023 court decision that limited its regulatory authority over Ripple’s XRP token. The original ruling stated that XRP sales on public exchanges did not meet the legal definition of a security, thereby not falling under SEC jurisdiction. This appeal introduces uncertainty into XRP’s regulatory status, potentially influencing investor sentiment and market behavior.

Following the recent U.S. presidential election, where Donald Trump secured victory over Kamala Harris, XRP’s price has shown notable activity. The  cryptocurrency  is currently trading at approximately $0.5517, reflecting a modest increase of about 2.95% from the previous close. This uptick aligns with a broader market trend, as  Bitcoin  also reached new all-time highs, suggesting a positive sentiment in the crypto sector.
 Shiba Inu ’s lead developer, Shytoshi Kusama, has announced the Strategic Hub for Innovation in Blockchain (S.H.I.B.), a $2.35 billion project aimed at establishing a centralized hub for blockchain development in the United States. This initiative seeks to position the U.S. as a global leader in blockchain  technology  by integrating both physical and digital infrastructure, akin to Silicon Valley. The announcement has generated excitement within the  cryptocurrency  community, contributing to a 6.2% surge in SHIB’s price, currently trading at approximately $0.00001783.
Cardano recently announced an exciting partnership with BitcoinOS to establish a bridge between the Cardano and Bitcoin blockchains, marking a significant advancement in Cardano’s capabilities in decentralized finance (DeFi). This integration, known as the BitcoinOS Grail Bridge, will enable Cardano to tap into Bitcoin’s liquidity while benefiting from Cardano’s smart contract capabilities. This bridge may help Cardano build on its reputation as a scalable network within DeFi, potentially driving new liquidity and user engagement. However, with recent market pressures, analysts are cautious about the bridge’s immediate impact on ADA’s price (AMBCrypto), (Coinspeaker).

Solana (SOL) recently experienced a 12% price drop following a significant sell-off by a whale, amounting to $60 million in SOL tokens. Despite this, SOL rebounded from the $155 support level and is currently trading at approximately $162.14, indicating resilience in the market.

Shiba Inu (SHIB) Gains Momentum Amid Market Dynamics and Ecosystem Developments

In the past 24 hours,  Shiba Inu (SHIB) has experienced notable developments, influenced by market dynamics and advancements within its ecosystem.

Price Movement and Market Position

Following the recent U.S. presidential election, where Donald Trump secured victory over Kamala Harris, SHIB’s price has shown significant activity. The cryptocurrency is currently trading at approximately $0.00001859, reflecting a 2.27% increase in the last 24 hours and a 0.47% rise over the past week. This uptick aligns with a broader market trend, as Bitcoin also reached new all-time highs, suggesting a positive sentiment in the crypto sector.

CoinGecko
Ethereum’s recent on-chain data reveals a major trend toward long-term holding, with over $750 million worth of ETH removed from exchanges last week. This withdrawal aligns with an ongoing accumulation trend, which has seen a 65% increase in ETH held by long-term investors since early 2024. Analysts suggest this reduction in exchange liquidity is a bullish signal, often indicating confidence in Ethereum’s future as holders reduce short-term selling pressure and focus on staking opportunities​

Dogecoin (DOGE) recently experienced a 14.39% surge, reaching highs of nearly $0.16, largely attributed to Elon Musk’s renewed endorsement of DOGE at a Trump rally. During this event, Musk proposed a “Department of Government Efficiency” (D.O.G.E.), sparking speculation about a political role for Musk if Trump is re-elected. This association, combined with Musk’s ongoing influence in the crypto space, has reignited interest in Dogecoin, driving prices upward and making DOGE one of the best-performing assets in October​ (Finbold), (AMBCrypto).

Ripple’s ongoing legal battle with the SEC continues to be a focal point for XRP holders. The SEC recently filed a cross-appeal, challenging a prior ruling that XRP’s programmatic sales did not constitute securities sales. This appeal has been postponed to early 2025, creating a window of speculation around potential regulatory shifts depending on the U.S. presidential election outcome. Notably, candidate Donald Trump has pledged to replace SEC Chair Gary Gensler, which could influence the regulatory landscape around  cryptocurrencies. A more crypto-friendly administration could reduce the regulatory pressure on XRP, encouraging broader adoption and potentially driving the asset’s value upward. Conversely, a win for Kamala Harris, who also backs the crypto sector, could lead to a revised SEC approach favoring innovation while protecting investors​ (BeInCrypto), (FXEmpire).

Solana (SOL) has seen a strong rally, gaining 8.91% in the past 24 hours and trading at $135.98. The surge has been driven by positive technical signals, with the price attempting to break above the $133 mark (SMA 200). If Solana can maintain this momentum, analysts expect a potential rally to $156.19 and possibly as high as $188, marking a significant recovery from its recent lows. The RSI indicates that the asset is approaching overbought levels, suggesting a short-term consolidation could be possible.

In the past 24 hours,  Bitcoin  ( BTC ) has experienced significant developments, influenced by political events and market dynamics.
Record-Breaking  Price Surge
Following the recent U.S. presidential election, where Donald Trump secured victory over Kamala Harris, Bitcoin’s price has shown notable activity. The  cryptocurrency  surged to a record high of $75,361, reflecting a substantial increase and indicating strong  investor confidence .
Solana (SOL) has continued to capture the attention of developers and institutions, with recent reports highlighting a substantial increase in developer interest. A report by A16z revealed that Solana’s share of active blockchain developers has doubled to 11.2%, positioning it as one of the fastest-growing blockchain ecosystems. This heightened developer engagement, along with an increase in daily active addresses on the Solana network, underscores its scalability, low transaction fees, and suitability for decentralized finance (DeFi) and gaming applications. Notably, Solana’s speed and efficiency have also attracted significant institutional attention, with top projects exploring Solana as a core part of their blockchain infrastructure​ (Coinspeaker), (​Crypto News Flash).

Bitcoin ( BTC ) is trading near $73,000, approaching its all-time high, driven by expectations surrounding the U.S. presidential election. Analysts suggest that a victory for Donald Trump, perceived as more crypto-friendly, could propel Bitcoin to new record highs between $80,000 and $90,000. Conversely, a win for Kamala Harris might cause Bitcoin prices to fall as low as $50,000.
Shiba Inu (SHIB) has recently demonstrated a bold decoupling from Bitcoin, showing a substantial increase in trading volume and gaining nearly 30% in October, which has helped SHIB rally by 6.03% over the past week. This recent trend indicates that Shiba Inu is no longer as tightly correlated with Bitcoin’s price movements, and SHIB’s increased volume has injected optimism into the market, as many traders anticipate additional gains. This divergence from Bitcoin’s pace could signal a strong finish for the meme coin as it benefits from “Uptober” market enthusiasm, where several  cryptocurrencies have historically seen positive performance through October (EconoTimes).

Cardano (ADA) has been facing skepticism within the crypto community, particularly regarding its ability to meet expectations compared to other tokens in the market. A recent poll suggests that some investors believe Cardano’s leadership may be impacting ADA’s value negatively.

