XRP price gained pace for a move above the $2.920 resistance. The price is now correcting some gains and might find bids near $2.920. XRP price is facing hurdles and struggling to clear the $3.00 resistance. The price is now trading above $2.920 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2.9650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise if it stays above the $2.920 zone. XRP Price Remains Supported for Gains XRP price managed to stay above the $2.8320 level and started a fresh increase, beating Bitcoin and Ethereum . The price climbed above the $2.920 and $2.950 resistance levels. The bulls even pumped the price above the $3.00 level. A high was formed at $3.0365 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $2.794 swing low to the $3.036 high. Besides, there was a break below a bullish trend line with support at $2.9650 on the hourly chart of the XRP/USD pair. The price is now trading above $2.920 and the 100-hourly Simple Moving Average. If the bulls protect the $2.920 support, the price could attempt another increase. On the upside, the price might face resistance near the $2.980 level. The first major resistance is near the $3.00 level. A clear move above the $3.00 resistance might send the price toward the $3.0350 resistance. Any more gains might send the price toward the $3.120 resistance. The next major hurdle for the bulls might be near $3.150. More Downsides? If XRP fails to clear the $3.00 resistance zone, it could continue to move down. Initial support on the downside is near the $2.9350 level. The next major support is near the $2.920 level or the 50% Fib retracement level of the upward move from the $2.794 swing low to the $3.036 high. If there is a downside break and a close below the $2.920 level, the price might continue to decline toward $2.860. The next major support sits near the $2.850 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level. Major Support Levels – $2.9350 and $2.920. Major Resistance Levels – $2.980 and $3.00.
Following a phase of consistent flows into spot Ethereum exchange-traded funds (ETFs), investors are taking a break. This cool-off period comes as ether (ETH) hovers about 15% from its recent all-time high (ATH), and BTC remains range-bound between $108,000 and $113,000. Analysts at the cryptocurrency exchange Bitfinex revealed that Ethereum ETFs have just recorded their second-largest single-day outflow since their launch. Ethereum ETF Inflows Cool Off According to this week’s Bitfinex Alpha report, the 14-day average of net flows into Bitcoin and Ethereum ETFs highlights the significant role these products have played in recent price action. Between May and August, daily allocations of 55,000 to 85,000 ETH to Ethereum ETFs drove the cryptocurrency to new highs. However, the slowing demand over the last two weeks has contributed to a slowdown in momentum. Flows into these Ethereum products fell to 16,600 daily in the last week of August. They declined even further to an average of -41,400 ETH last week. On Friday, 104,100 ETH, worth approximately $447 million, left Ethereum ETFs, marking the second-highest outflow day since inception. Bitfinex noted that the price action of both BTC and ETH has become increasingly dependent on ETFs and treasury companies. Although ETH shows a relatively higher dependency, the ETFs for both assets currently reflect a pullback in traditional finance (TradFi) buying power. “This slowdown highlights the sensitivity of institutional demand to both price and macroeconomic conditions, and reinforces the role of ETF flows as a decisive determinant of whether digital assets can regain upward momentum or remain range-bound in the near term,” the report stated. BTC to Mark Cyclical Low This Month Furthermore, the structure of TradFi demand between Bitcoin and Ethereum ETFs has deviated significantly. This is seen by comparing cumulative ETF flows with bi-weekly changes in futures open interest for both assets. Data accessed by analysts show that investors have primarily expressed demand for BTC through direct spot exposure rather than futures positioning. ETH, on the other hand, combines spot allocations with “cash-and-carry strategies.” “The result is a distinct profile of institutional engagement while BTC flows reflect clearer directional conviction, ETH flows highlight a balance between speculative demand and structured arbitrage-driven participation,” analysts added. Meanwhile, Bitfinex insists that while BTC still faces the risk of deeper correction in the near term, the asset could mark a cyclical low in September ahead of a rally next quarter. The post Ethereum ETF Inflows Cool Off as Bitcoin Continues Consolidation: Bitfinex Alpha appeared first on CryptoPotato .
BitcoinWorld Exciting Bithumb Listings: OPEN and Linea Join the KRW Market Exciting news from the South Korean crypto scene! Major exchange Bithumb has just announced significant Bithumb listings , bringing OpenLedger (OPEN) and Linea (LINEA) to its highly active South Korean Won (KRW) market. This move is poised to create new trading opportunities for investors and further expand the accessibility of these promising digital assets. What Do These Bithumb Listings Mean for Traders? Bithumb, a leading cryptocurrency exchange in South Korea, confirmed that it will be adding OPEN and LINEA to its trading pairs. For OPEN, trading is set to kick off at 8:00 a.m. UTC on September 10th. However, the specific listing schedule for LINEA will be communicated at a later date, giving traders time to prepare for its arrival. Increased Visibility: Listing on a prominent exchange like Bithumb significantly boosts the exposure of OPEN and Linea to a broad and engaged audience. Enhanced Liquidity: New listings typically lead to higher trading volumes and improved liquidity, making it easier for users to buy and sell these tokens. Access to the KRW Market: The ability to trade against the South Korean Won is a crucial step, connecting these projects with one of the most vibrant crypto markets globally. These Bithumb listings are not just routine additions; they represent a gateway for new capital and interest into the OpenLedger and Linea ecosystems. Understanding OpenLedger (OPEN): What’s the Hype? OpenLedger (OPEN) is an intriguing project entering the Bithumb ecosystem. While specific details about the token’s core utility will become clearer upon its listing, typically, projects like OpenLedger aim to foster decentralized finance (DeFi) solutions or provide infrastructure for digital asset management. Its inclusion on Bithumb suggests a growing recognition of its potential within the broader crypto landscape. Traders interested in diversifying their portfolios with emerging assets will find OPEN to be a notable addition. This Bithumb listing for OPEN could catalyze further development and adoption, as increased exposure often translates into stronger community engagement and project growth. Linea: A New Layer-2 Solution on Bithumb? Linea (LINEA) is another exciting addition, although its exact listing date is still pending. Linea is widely recognized as a cutting-edge Layer 2 scaling solution for Ethereum, developed by ConsenSys. It utilizes zero-knowledge proofs (zk-proofs) to offer faster, cheaper, and more scalable transactions while inheriting Ethereum’s security. For users and developers alike, Linea represents a significant step towards a more efficient decentralized future. The decision by Bithumb to include Linea underscores the increasing importance of Layer 2 solutions in addressing Ethereum’s scalability challenges. This Bithumb listing provides a major platform for Linea to reach a wider audience of traders and potentially attract more developers to its network. Why is the KRW Market So Important for Crypto Listings? The South Korean crypto market, powered by the Korean Won (KRW), is renowned for its high trading volumes and enthusiastic investor base. Exchanges like Bithumb play a pivotal role in this ecosystem. A listing against the KRW essentially opens the floodgates to a highly engaged retail market, often leading to significant price action and increased liquidity for the listed assets. This strong market interest can provide a substantial boost to the projects’ overall market capitalization and global standing. These strategic Bithumb listings are therefore a clear signal of confidence in both OpenLedger and Linea, positioning them for potentially strong performance within one of the world’s most dynamic crypto trading environments. Preparing for the New Bithumb Listings: Actionable Insights For traders looking to capitalize on these new opportunities, preparation is key: Research Thoroughly: Before trading OPEN or LINEA, understand their underlying technology, use cases, and market potential. Monitor Announcements: Keep a close eye on Bithumb’s official announcements for Linea’s exact listing date and any further details. Risk Management: Crypto markets can be volatile. Always trade with a clear strategy and appropriate risk management. These Bithumb listings offer fresh avenues for portfolio diversification and engagement with innovative blockchain projects. Stay informed and trade responsibly. In conclusion, Bithumb’s announcement to list OpenLedger (OPEN) and Linea (LINEA) marks a significant development for the South Korean crypto market. These additions to the KRW trading pairs are set to enhance visibility, boost liquidity, and introduce these projects to a highly active trading community. As OPEN prepares for its September 10th debut and Linea’s listing details are eagerly awaited, the crypto landscape continues to evolve, offering new and exciting prospects for investors worldwide. These strategic Bithumb listings underscore the exchange’s commitment to offering a diverse and dynamic trading environment. Frequently Asked Questions (FAQs) Q1: When will OpenLedger (OPEN) be available for trading on Bithumb? A1: Trading for OpenLedger (OPEN) on Bithumb is scheduled to commence at 8:00 a.m. UTC on September 10th. Q2: Has Bithumb announced the exact listing date for Linea (LINEA)? A2: No, Bithumb has stated that the listing schedule for Linea (LINEA) will be announced at a later date. Traders should monitor official Bithumb channels for updates. Q3: What does it mean for a cryptocurrency to be listed against the South Korean Won (KRW)? A3: Listing against the KRW means that traders on Bithumb can directly buy and sell the cryptocurrency using South Korean Won, providing direct access to a major and highly liquid market. Q4: Why are Bithumb listings considered significant for crypto projects? A4: Listings on major exchanges like Bithumb provide projects with increased visibility, enhanced liquidity, and access to a vast and engaged investor base, which can significantly boost their adoption and market presence. Q5: What is Linea, and why is its listing noteworthy? A5: Linea is a Layer 2 scaling solution for Ethereum, developed by ConsenSys, utilizing zero-knowledge proofs. Its listing is noteworthy as it highlights the growing importance of scalable solutions for the Ethereum ecosystem and brings this advanced technology to a broader trading audience. If you found this article insightful, please consider sharing it with your network! Your support helps us bring the latest crypto news and analysis to a wider audience. Follow us on social media for more updates and discussions. To learn more about the latest crypto market trends, explore our article on key developments shaping the crypto market price action. This post Exciting Bithumb Listings: OPEN and Linea Join the KRW Market first appeared on BitcoinWorld and is written by Editorial Team
In a new market breakdown published today, crypto analyst CryptoInsightUK argues that XRP has reached a “liquidity flashpoint” that could accelerate price discovery toward the mid-$4 range once key resistance is reclaimed. He anchors the call to a cluster of liquidity sitting above the $3.40 area and an improving relative-strength backdrop versus Bitcoin, Ethereum and even gold, while cautioning that the US CPI print due tomorrow could inject short-term volatility in either direction. Be aware that tomorrow there is CPI news coming from the US and it probably, most likely at this point in the market, brings with it some sort of volatility,” he said, adding that while the move “could be to the upside,” there is still “liquidity sitting below us” that could be swept before continuation. The analyst frames the recent grind higher as constructive but “choppy,” with a pattern of slightly higher lows that would invalidate quickly if one of those pivots is lost. $4.20–$4.50 Is The Target Zone As XRP Liquidity Builds XRP remains his top altcoin setup. “XRP is the base case of something that I think is looking pretty strong right now,” he said. The pair has “formed a nice bottoming pattern” and broken out, but is now “fighting against these previous swing highs.” In his view, the immediate task is a sequence of closes through successive resistance shelves—including the zone just under $3.40—after which the path to the former peak opens. “As soon as we start to get that level broken then… we could argue that all-time highs [are] back on the table,” he said, noting that from the recent local bottom XRP is “up 11%,” and that another ~10% burst through resistance “probably comes pretty quickly.” Related Reading: XRP Set to Lead Altcoin Boom With Explosive $9.69 Target, Says Analyst On higher time frames, he highlights a stacked band of resting interest overhead. “On the daily [for XRP, there is] significant liquidity above us and over the last 2–3 days more has been building in here. When we start to break that $3.40 level… this is the all-time high and we probably resume this march back towards $4.20, $4.30 and then realistically $4.50 is where all this liquidity is sitting right now.” While he characterizes that as the base case, he keeps risk balanced: “It’s not time to get 100% definite [that we’re] going to the upside… We could argue that [liquidity below] could be taken before we go higher especially if Bitcoin and ETH come down.” The cross-asset context matters for his XRP view. He sees Bitcoin at an inflection defined by structural waypoints—“a break above the $111,003 and then… $114,300… and then… above this high here about $117k”—with the daily map still showing “significant liquidity above.” Ethereum, he says, has a “dense” pocket of bids just below, but has been “losing strength against other alts,” creating a window in which ETH might wick lower to clean up liquidity while alts with stronger relative momentum hold up better. That relative momentum is where he places XRP. On XRP/ETH, he notes a sequence of “lows, highs, higher lows and higher highs,” arguing the pair is “back in an uptrend.” He draws attention to the four-hour RSI repeatedly tagging overbought during prior upside phases: “When we start to hit this four hour overbought area… momentum looks like it is pushing back to the upside… it has led to quite significant price action.” He flags 0.000071 on XRP/ETH as a confirmation pivot that would “give us more confirmation back to the upside.” A similar story appears on XRP/BTC, where he wants to see “a real good green day” to break the downtrend after a “bullish cross on the daily RSI.” Related Reading: XRP RSI Remains Bullish As Support Levels Hold, Price Eyes Break Above $3.6 He extends the relative framework beyond crypto. On XRP/gold, the analyst says the weekly structure “actually bounced pretty well off the 702 Fibonacci retracement,” with a clean back-test of prior range highs and “bullish cross” momentum. Projecting from current consolidation, he cites a potential 4.236 extension that, mechanically, implies substantial outperformance: “For a 4.236 extension from where we are now it would be about a 700% outperformance from gold… so if we just say five to six hundred percent that would be bloody nice for XRP.” He is careful to note that gold could also move, which would affect the nominal translation. Despite the urgency of the title levels, he repeatedly frames the next 24–48 hours as path-dependent. Bitcoin dominance sits at a decision point in his model; a breakdown from its “ascending wedge” would, in his view, validate the altcoin-outperformance regime he has been anticipating. “It could get very exciting very soon,” he said. “Or we could just have a few more days of chop.” Still, the directional bias is clear: “I think that I’ve said that XRP I think is leading the market. I still believe that.” His bottom line for XRP is conditional but pointed: reclaim and hold above ~$3.40, convert that resistance into support, and the liquidity magnets at ~$4.20–$4.50 come into play quickly. Fail the near-term tests, especially into a volatile macro print, and a final dip to harvest downside liquidity remains on the table before any renewed advance. At press time, XRP traded at $2.96. Featured image created with DALL.E, chart from TradingView.com
The line between market resilience and irrational exuberance is frustratingly hard to discern
Cboe, one of the world’s leading derivatives exchanges, has announced plans to launch continuous futures for the leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), pending regulatory approval. In response to growing investor interest in digital assets, this new product suite is set to debut on November 10. This marks a significant development for the US crypto market under the new regulatory regime envisioned by President Donald Trump, who aims to make America the “crypto capital of the world.” Cboe’s Shift To Meet Market Demand According to a press release issued on Tuesday, these continuous futures will provide a more “streamlined and efficient way” for traders to engage with cryptocurrencies, execute trading strategies, and manage risk. Unlike traditional futures contracts, which often necessitate periodic rolling, Cboe’s continuous futures will be designed as single, long-dated contracts with a ten-year expiration. The contracts will be cash-settled and linked to real-time spot market prices for Bitcoin and Ethereum, incorporating daily cash adjustments, utilizing a funding rate methodology, ensuring that the pricing remains closely aligned with the underlying assets. At the recent HOOD Summit in Las Vegas, Catherine Clay, Cboe’s Global Head of Derivatives, emphasized the significance of this potential launch. She noted that perpetual-style futures have seen robust adoption in offshore markets, and Cboe aims to replicate that success within the US regulatory framework. Under Trump’s second administration in the White House, regulators such as the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have united to provide a more eased stance toward crypto. The agencies have dropped crypto enforcement cases against exchanges such as Binance, Coinbase, and Uniswap that began under the leadership of former SEC Chair Gary Gensler. However, the passage of key crypto bills in Congress and the House seems to signal a new dawn for digital assets in the US. This has prompted major institutions in the traditional finance sector to adopt cryptocurrencies like Bitcoin and Ethereum as treasury reserve assets , being one of the most important trends that has emerged this year under the new administration. By introducing these products, Cboe expects to cater not only to institutional market participants and existing customers of its Cboe Futures Exchange (CFE) but also to a growing segment of retail traders eager to access crypto derivatives. Bitcoin Slips, Ethereum Follows Suit This initiative is part of Cboe’s broader strategy to diversify and enhance its Cboe Futures Exchange product offerings. In addition to the Cboe Volatility Index (VIX) futures, the exchange aims to further expand its services with products related to equity volatility, digital assets , and global fixed income. The new continuous futures for Bitcoin and Ethereum will be cleared through Cboe Clear US, a derivatives clearing organization regulated by the Commodity Futures Trading Commission. As of press time, the leading cryptocurrency, Bitcoin, trades at $111,400, recording a 1.2% drop in the 24-hour time frame. During the same period, Ethereum has dropped 1.5%, trading at $4,292. Featured image from DALL-E, chart from TradingView.com
BitcoinWorld South Korean Stablecoins: Unlocking a Crucial Future The global financial landscape is constantly evolving, and at its forefront are digital assets like stablecoins. For South Korea, the potential of South Korean stablecoins is not just a theoretical concept but a tangible opportunity, as highlighted by a leading fintech expert. What Makes South Korean Stablecoins a Viable Option? According to Kim Hyoung-joong, president of the Korea Fintech Society, domestically issued stablecoins possess significant viability. Speaking at the Onchain Symposium in Seoul, Kim emphasized that these digital assets have successfully navigated critical hurdles that once questioned their legitimacy. Overcoming Volatility: Traditional cryptocurrencies are known for their price swings. However, stablecoins mitigate this by maintaining a guaranteed 1:1 peg, often backed by 100% fiat reserves. Enhanced Legal Frameworks: Institutional measures are increasingly providing the legal protections necessary for stablecoins to operate securely and reliably. Intrinsic Value Concerns Addressed: While initial skepticism questioned their intrinsic value, robust backing and regulatory oversight now lend them credibility. Despite lingering negative perceptions, the proof-of-concept demonstrated by global players like Tether and Circle is undeniable. These assets are already gaining significant traction, particularly for their transaction efficiency in regions like South America, and are seeing renewed interest due to policy shifts in North America. Why is a Unified Approach Crucial for South Korean Stablecoins ? To truly secure a competitive edge in the global market, a unified national strategy for South Korean stablecoins is essential. Kim Hyoung-joong stressed that the discussion must now move beyond merely considering issuance to actively building the foundational distribution infrastructure. This shift in focus is critical for several reasons: Global Competitiveness: A fragmented approach could hinder South Korea’s ability to compete with other nations and regions that are rapidly developing their stablecoin ecosystems. Market Adoption: Robust infrastructure ensures that stablecoins can be easily integrated into daily transactions, fostering wider adoption among businesses and consumers. Innovation Hub: By prioritizing infrastructure, South Korea can position itself as a leader in stablecoin innovation, attracting talent and investment. The Onchain Symposium, co-organized by Tokenpost, Coinreaders, Tether, and Crypto.com, served as a platform to underscore these urgent needs, highlighting the collaborative effort required to propel the domestic stablecoin market forward. What’s Next for South Korean Stablecoins and the Digital Economy? The message from the Korea Fintech Society is clear: the time for debate on the viability of South Korean stablecoins is over. The focus must now be on tangible action. Building a robust distribution infrastructure means: Developing user-friendly platforms: Making it easy for individuals and businesses to use stablecoins for payments, remittances, and other financial services. Ensuring regulatory clarity: Providing a stable and predictable legal environment that encourages innovation while protecting users. Fostering industry collaboration: Bringing together financial institutions, tech companies, and regulators to create a cohesive ecosystem. Embracing this proactive approach will not only unlock new economic opportunities but also cement South Korea’s position as a forward-thinking leader in the global digital asset space. The journey from concept to widespread adoption requires vision, collaboration, and a steadfast commitment to building the future of finance. In conclusion, the path forward for South Korean stablecoins is bright, provided there is a concerted effort to establish a strong, unified infrastructure. As Kim Hyoung-joong rightly points out, these assets have proven their resilience and utility. By focusing on practical implementation and distribution, South Korea can capitalize on this promising technology, enhancing transaction efficiency and securing a significant stake in the evolving global digital economy. The potential for growth and innovation is immense, making this a pivotal moment for the nation’s financial future. Frequently Asked Questions (FAQs) Q1: What is a stablecoin? A stablecoin is a type of cryptocurrency designed to minimize price volatility. It typically achieves this by being pegged to a “stable” asset, such as a fiat currency (like the US dollar), a commodity (like gold), or another cryptocurrency, often maintaining a 1:1 ratio through reserves. Q2: Why are South Korean stablecoins considered viable by experts? According to Kim Hyoung-joong, president of the Korea Fintech Society, South Korean stablecoins have overcome key limitations like price volatility and lack of legal protection through institutional measures such as 100% fiat reserves and a guaranteed 1:1 peg, proving their reliability and potential for widespread use. Q3: What challenges have stablecoins faced, and how are they being addressed? Stablecoins initially faced skepticism regarding intrinsic value, price volatility, and absent legal protections. These are being addressed through robust institutional measures like full reserve backing, regulatory oversight, and proven operational models by major players like Tether and Circle, which demonstrate their efficiency and security. Q4: Why is building distribution infrastructure crucial for South Korean stablecoins? Building robust distribution infrastructure is crucial because it moves the focus beyond just issuance to practical implementation. It ensures that South Korean stablecoins can be easily used for transactions, fosters wider market adoption, enhances global competitiveness, and positions South Korea as an innovation hub in the digital asset space. Q5: Who is Kim Hyoung-joong? Kim Hyoung-joong is the president of the Korea Fintech Society, a prominent organization focused on financial technology. He is a recognized expert in the field and frequently speaks on the future of digital finance, including the potential and strategic direction for stablecoins in South Korea. Did you find this insight into South Korean stablecoins valuable? Share this article with your network on social media to spark further discussion about the future of digital finance and South Korea’s role in it! To learn more about the latest crypto market trends, explore our article on key developments shaping stablecoins institutional adoption. This post South Korean Stablecoins: Unlocking a Crucial Future first appeared on BitcoinWorld and is written by Editorial Team
Fundraisings have continued even as falling share prices leave some companies worth less than their crypto holdings
Dogecoin held gains near $0.241 as bullish momentum cools, with RSI and OBV signaling strength.
Belarus is expanding crypto use to boost external payments: President Alexander Lukashenko directed banks to scale cryptocurrency transactions and digital payment systems, saying crypto-based external payments could rise from $1.7B