Bitcoin’s price has shown resilience by staying just above the $62,000 mark, despite uncertainty in the market.
Minor fluctuations have kept the price within a predictable range, while traders and investors await a potential breakout.
The key resistance level remains at $65,000, a psychological threshold that could signal new upward momentum if breached.
Investors are closely watching market indicators, especially with the Federal Reserve’s next inflation gauge release expected to impact market sentiment.
Ethereum, along with other altcoins such as Solana and XRP, has also experienced slight gains, suggesting a cautiously optimistic outlook in the market.
Ethereum saw a modest increase of 1%, reaching $2,440.65, while Solana rose by 1.51% to $141.91. XRP also gained 1.51% to $0.5352.
Celestia, Dogwifhat, Sui top gainers
Celestia has emerged as one of the top gainers in the past 24 hours, with a 14% surge.
Other cryptocurrencies such as Dogwifhat and Sui have also posted gains of 16% and 11%, respectively.
On the other hand, Fantom has suffered a 5.81% loss, leading the pack among today’s biggest losers.
Helium and FTX Token also declined, with losses of 3.87% and 2.54%, respectively.
While the market remains cautiously optimistic, these mixed performances indicate that investors are still navigating through a period of uncertainty.
Fidelity’s ongoing investigation into a data breach affecting 77,000 customers further complicates market dynamics.
In other crypto news
A Nigerian court has rejected the bail request for Tigran Gambaryan, a Binance executive, citing health concerns. Gambaryan, who arrived at the court in a wheelchair, has been suffering from a herniated disk, making it difficult for him to walk.
His lawyer, Mark Mordi, pleaded for bail to allow Gambaryan to seek medical treatment, but the court ruled that his condition did not warrant release from custody. Instead, Judge Emeka Nwite directed that Gambaryan receive medical care within the prison facility.
Binance founder Changpeng ‘CZ’ Zhao is set to make his first public appearance at the Binance Blockchain Week in Dubai on October 30-31, following his release from jail earlier this year. Zhao had served a four-month prison sentence for violating the Bank Secrecy Act (BSA) by failing to implement adequate know-your-customer (KYC) protocols at Binance.
Shiba Inu (SHIB) has recorded an astonishing 4.1 trillion trading volume, driven primarily by whale activity. The surge has raised questions about the potential for a price breakout.
SHIB is currently priced between $0.00001616 and $0.00001717, with resistance levels at $0.00002193 and $0.00002640. If whale activity continues, SHIB could break these levels and see significant price gains.
Meanwhile, US federal prosecutors are seeking an 18-month jail sentence for Heather Morgan, a rapper known as Razzlekhan, for her involvement in laundering Bitcoin stolen in the 2016 Bitfinex hack.
Morgan, who pleaded guilty to money laundering in August 2023, played a key role in assisting her husband, Ilya Lichtenshtein, in laundering approximately 120,000 Bitcoin, now valued at $7.2 billion.
While prosecutors are asking for a lighter sentence due to her cooperation, her involvement in the crime remains significant. Morgan’s sentencing is scheduled for November 15, following Lichtenshtein’s sentencing the day before.
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