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The massive market crash this month was a mid-cycle correction, not the beginning of a bear market, according to VanEck. Bitcoin’s October pullback reflects a “liquidity-driven mid-cycle reset,” said analysts Nathan Frankovitz and Matthew Sigel in a VanEck market report on Wednesday. “Leverage has normalized, on-chain activity is rising, and digital assets’ macro role continues to strengthen,” they added. Bitcoin is currently trading down 14% from its all-time high and has failed to recover from the record leverage flush earlier this month. With leverage now at the 61st percentile and prices near one-year lows relative to gold, this appears…

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin BTC$109,449.06 has held above $100,000 for four consecutive months, a price stability that can be interpreted as the formation of a solid base for the next upward move. However, a major volume indicator, used to confirm price trends, shows a contrasting signal.The indicator under consideration is the On-Balance Volume (OBV), described as the “grand daddy” of all volume indices by Charles D. Kirkpatrick II and Julie R. Dahlquist in their book Technical Analysis: The Complete Resource for Financial Market Technicians.”On-Balance Volume (OBV) is a running total of…

COAI is also on the rise today, with a 42% surge. Bitcoin’s price tumbled by over eight grand from top to bottom in the past few days, but has managed to recover some of the losses and tapped $110,000 earlier today. Binance Coin has resumed its recent bull rally, with a 4% surge that has pushed it beyond $1,100. Most other larger-cap alts are sluggish, aside from HYPE’s impressive increase. BTC to Challenge $110K? The primary cryptocurrency ended the previous business week with another decline, this time to under $104,000. However, the bulls reacted swiftly and didn’t allow a…

The recent surge in gold prices has drawn increased attention to tokenized gold. However, experts remain deeply divided over whether it represents “real gold” or merely a risky promise.Some analysts describe tokenized gold as a unique intersection of technological innovation and financial tradition. Others see it as an outdated concept disguised as progress.Sponsored Peter Schiff Plans to Launch Tokenized Gold PlatformThe discussion erupted after economist Peter Schiff, a well-known Bitcoin critic, revealed plans to launch his tokenized gold product.In a live stream with Threadguy, Schiff said he is building a blockchain platform and neobank dedicated to tokenized gold. Last month,…

WazirX, once India’s largest cryptocurrency exchange by volume, will resume operations on October 24, per an email sent to creditors.That ends more than a year of uncertainty for thousands of creditors left in limbo after one of the most dramatic collapses in the country’s crypto history, which saw over $230 million worth of various tokens getting stolen from the exchange. The restart follows a Singapore High Court–approved restructuring under Zettai Pte. Ltd., WazirX’s parent company, which received near-unanimous backing from creditors earlier this year.That was the final step in a process that began after a massive security breach last year…

According to a Reuters report, global asset management firm T. Rowe Price, with $1.7 trillion in assets under management (AuM), is seeking regulatory approval to launch its first actively managed crypto ETF linked to multiple tokens,  marking the firm’s initial entry into the cryptocurrency market space. The Firm’s First Crypto ETF  Bryan Armour, an exchange-traded fund analyst at Morningstar, commented on the development stating, “It’s a surprise to see them as a relatively late entrant, but they’re planning to offer something differentiated to try and break into the space.”  Related Reading While many asset managers have inundated the SEC with…

According to comments from the creator of the stock-to-flow model, the familiar four-year cycle tied to Bitcoin halvings may no longer be a sure guide for traders. Related Reading The analyst — known as PlanB — warned that using just three past cycles to predict future tops is risky, and he said the next peak is not guaranteed to fall 18 months after the last halving in October. Cycle Timing May Vary Widely PlanB told followers that the top could arrive in 2026, or 2027, or even 2028, and that he is more focused on Bitcoin’s average price level than…

What to Know: $XRP has been in limbo lately due to a market-wide downturn as a result of US President Donald Trump’s China tariff threats. We asked Google’s Gemini AI Assistant what the future holds for the $XRP token, and the response was bullish. Depending on factors, such as the approval of $XRP ETFs, positive news could push the coin’s price to $3 initially, with a new ATH at $4 or beyond also a possibility. The Best Wallet Token is pumping hard and bullish for the coming year. To date, it has raised over $16.6M in its presale. It’s been…

In brief Decentralized exchange Bunni announced its permanent shutdown Wednesday, saying it lacks the capital for a secure relaunch requiring six to seven figures in audit expenses alone. The September 2 hack drained $8.4 million through flash loan manipulation and rounding errors, with stolen funds remaining unmoved in Tornado Cash-funded wallets. Users can still withdraw assets, and Bunni pledged to distribute remaining treasury to token holders while relicensing its v2 contracts from BUSL to MIT. Decentralized exchange Bunni has announced it is permanently shutting down following an $8.4 million hack last month, with founders saying they lack the capital needed…

Bitcoin BTC$109,471.18 traded steadily near $109,000 during Thursday’s Asian hours, extending the broad range play since the Oct. 10 crash that wiped out $19 billion in leveraged bets and weakened risk sentiment.Ether ETH$3,891.23 hovered near $3,850, with solana (SOL, XRP$2.4164, and ADA$0.6403 barely moving in the past 24 hours. The pause comes after a volatile start to October that has so far produced little progress for bulls or bears — and is on track to deliver the least gains for investors since 2015, despite being a seasonally bullish month.The backdrop is as interesting as it is uneventful. The crypto market…