The price of Bitcoin (BTC) experienced a rise this Friday, surpassing $111,000. This movement occurred after the release of an anticipated US inflation report. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose 3% annually. In this way, Bitcoin reacts to September inflation data that turned out slightly better than anticipated.
Author: ethan
ethan
Ethan focuses on altcoins and emerging blockchain ecosystems, covering new projects, sector expansion, and shifting narratives across the crypto landscape. His work looks at how ecosystems grow and interact, beyond short-term price movements. He regularly contributes context on Layer 1 developments and Web3 or DeFi trends connected to broader ecosystem growth.
Solana’s (SOL) price is in a stalemate. Buyers and sellers remain in a battle of indecision. Data from the analytics platform Glassnode shows changes in investor behavior. This situation defines Solana’s key price levels, as the market awaits a breakout.
The alternative cryptocurrency market is facing a massive $800 billion deficit. This is happening as retail investors redirect their funds toward crypto-related stocks. A new report from 10x Research highlights this significant capital flight from the altcoin market. The trend is being led by traders in South Korea.
Despite achieving notable technical and adoption milestones this month, Cardano ADA’s price remains stuck in neutral. The contrast between strong underlying metrics and weak market reaction suggests deeper forces are at play beyond just fundamentals.
Turkey has registered nearly $200 billion in annual crypto transactions, leading the MENA region. However, a new report from the analysis firm Chainalysis suggests this boom is speculative. The growth is not based on sustainable adoption of the technology. This analysis highlights the unique dynamics of Turkey’s crypto market and speculation.
Solana Company (Nasdaq: HSDT) announced the expansion of its Solana Company’s treasury strategy by incorporating Twinstake and Helius as new institutional validators. This decision comes as the company’s shares (HSDT) suffer a decline of over 96% in six months. Joseph Chee, Executive Chairman of HSDT, stated the firm is “leaning into the market pressure.”
The cryptocurrency market is showing mixed signals from its largest investors. Recently, a newly created wallet executed a strong accumulation of Ethereum, buying $32 million worth of ETH. This move suggests growing institutional interest. However, it contrasts sharply with Solana and Bitcoin whales who are withdrawing capital. The information regarding the ETH purchase comes from Arkham data.
The UK Financial Conduct Authority (FCA) has launched a civil case against HTX in the London High Court, alleging unlawful promotion of cryptoassets to UK consumers. The regulator says HTX advertised without required permissions under rules introduced in 2023, signaling that these standards will be enforced. The case focuses on UK users and highlights how approval and registration obligations apply to crypto promotions.
The firm Propy announced a major investment of $100 million today. This capital will be allocated to its expansion in the United States. The goal is to drive real estate tokenization in the U.S. by modernizing the title sector. This was confirmed by CEO Natalia Karayaneva this October 21st.
Meme coin whale accumulation is intensifying this week. Large investors are buying Dogecoin (DOGE), PEPE, and USELESS, defying the sector’s bearish trend. Data from Santiment and Nansen reveal million-dollar movements as the general meme market falls.