What really drives altcoin seasons? A closer look

What really is altcoin season? Altcoin season, often called “altseason,” occurs when a significant portion of altcoins, cryptocurrencies other than Bitcoin, experience rapid price increases that outpace Bitcoin’s performance. This period is characterized by a shift of investor capital from Bitcoin (BTC) into assets such as Ether (ETH), Solana (SOL), Cardano (ADA) and even smaller tokens like Dogecoin (DOGE) or Pudgy Penguins (PENGU). The Altcoin Season Index is frequently used as a benchmark. Per Blockchain Center’s definition, altseason is considered underway when at least 75% of the top 100 altcoins…

Top Ripple (XRP) Price Predictions, Cardano’s (ADA) Next Targets, and More: Bits Recap September 26th

TL;DR Despite the plunge, numerous analysts believe XRP has a chance to resurge to $3.20 and even $3.60. However, some warn of risks of a more severe crash, potentially as low as $2.20. ADA has slipped by double digits in the past week, but some of its hard-core fans still think the rise to a new all-time high is on the horizon. While ETH tumbled below $4,000, important factors, such as shrinking exchange balances, suggest the bulls might be back soon. What Now for XRP? The substantial correction in the…

Vanguard explores crypto ETF access for US brokerage clients: Report

Key Takeaways Vanguard is considering allowing US brokerage clients to access crypto ETFs, a change from their previous restrictive policy. This move comes as other major firms, like Morgan Stanley and E*Trade, open access to direct crypto trading for clients. Share this article Vanguard, the major asset management firm, is exploring allowing its US brokerage clients to access crypto ETFs, according to Crypto In America. The potential move would mark a shift for Vanguard, which previously restricted client access to cryptocurrency investment products. Other major firms have been expanding crypto…

UK Finance Works With Quant For Tokenised Sterling Deposits

UK Finance, a trade association representing over 300 financial services firms in the United Kingdom, has launched a joint pilot project for tokenized sterling deposits (GBTD). The trade group began the pilot phase for the tokenized deposits project, which aims to provide a digital representation of traditional British pound commercial bank money, it announced on Friday. The pilot was launched in collaboration with six major banks operating in the UK, including Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide and Santander. UK Finance plans to run the pilot until mid-2026 and…

Aster Reimburses Users After XPL Perp Glitch

BNB Chain derivatives decentralized exchange (DEX) Aster completed reimbursements to traders hurt by a glitch in its Plasma (XPL) perpetual market that briefly drove prices above market levels.  According to Abhishek Pawa, the CEO of Web3 agency AP Collective, the issue stemmed from a misconfigured index hard-coded at $1. With the mark price cap lifted before the fix, XPL futures on Aster spiked to nearly $4 while other venues remained $1.30.  The sudden Friday price discrepancy triggered unexpected liquidations and abnormal fee charges, causing losses to users. However, the platform…

Ethereum Co-Founder Moved $6M of ETH; Whales Bought $1.6B In 2 Days

Ethereum co-founder Jeffrey Wilcke could be looking to sell some of his Ether holdings after sending around 1,500 ETH to crypto exchange Kraken on Thursday.  Wilcke sent 1,500 Ether (ETH), worth around $6 million, to the crypto exchange, according to onchain analytics platform Lookonchain. It came as the price of Ether dropped from $4,000 to around $3,900. Source: Lookonchain Moving cryptocurrency to an exchange deposit address does not guarantee it is being sold.  In August, Wilcke had deposited $9.22 million worth of ETH to Kraken. He had previously sent $262…

ETH, XRP, ADA, BNB, and HYPE

This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail. Ethereum (ETH) Ethereum had a tough week after losing support at $4,000. Its price also closes with a 13% loss. This correction is quite significant and comes after bulls failed to move ETH above $5,000. Since then, sellers have had the upper hand. If buyers cannot reclaim $4,000 as support, this level will turn into a key resistance and push this cryptocurrency much lower and towards $3,345, which is the next major support on the chart.…

Solana (SOL) Nosedives – Traders Fear More Pain Could Be Ahead

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

OpenAI Launches ChatGPT Pulse Which Can Offer Crypto Tips

OpenAI has launched a new feature for ChatGPT called “Pulse” — a personal assistant-style feature that “works for you overnight” to deliver daily personalized updates based on user interests.  It comes as retail traders are increasingly turning to AI to help them with stock picks and even crypto trading.  “Since ChatGPT launched, that’s always meant coming to ask a question. There’s magic in being able to simply ask and get answers to help you learn, create or solve problems,” the AI firm wrote on Thursday.  “However, that’s limited by what…

Bitcoin Hits Four-Week Low Amid Major Profit-Taking

Bitcoin could be headed for a deeper correction as cumulative realized long-term holder profit taking has now reached levels seen in previous market cycle tops, according to onchain analysis. Long-term holders realized 3.4 million Bitcoin (BTC) in profit, and exchange-traded fund inflows have slowed, according to Glassnode, a sign of “exhaustion” after the Federal Reserve cut rates last week.  Bitcoin has now fallen below key support levels at around $112,000, hitting a four-week low of $108,700 on Coinbase in late Thursday trading, according to TradingView.  It has yet to fall…