Crypto Prices Take a Hit Amid Market Volatility
The cryptocurrency market experienced significant turbulence as Bitcoin (BTC) retreated to $66,000 and altcoins followed suit with notable declines. According to CoinGape, BTC's price dropped nearly 2%, while Ethereum (ETH), Solana (SOL), and XRP saw decreases ranging from 3% to 6%. This downturn occurred despite substantial inflows into spot Bitcoin ETFs amounting to $402 million on October 25th. The global crypto market cap also fell by approximately 2.48%, resting at $2.27 trillion, although the total market volume surged by over 45% in value.
XRP Price Surge Predicted if Bitcoin Reaches New Heights
An analysis reported by The Crypto Basic suggests that XRP could experience an extraordinary surge of up to 5,153% should Bitcoin reach the milestone of $160K. Analyst Egrag predicts this potential growth based on historical correlations between BTC and XRP prices. Currently trading around $0.5140 after a recent dip below the crucial support level of $0.5, XRP is poised for recovery alongside any bullish momentum in Bitcoin’s trajectory.
Tether Under Investigation Amid Geopolitical Tensions
A report from Brave New Coin Insights highlights how geopolitical events have impacted crypto markets recently; Israel launched airstrikes against Iran coinciding with allegations from the Wall Street Journal regarding U.S investigations into Tether's compliance with sanctions laws—claims which Tether CEO Paolo Ardoino has denied vehemently via social media platforms like X.
Market Reacts Sharply Following Israeli Military Actions Against Iran
CoinGape reports further detail about how these developments affected cryptocurrencies: following military actions taken by Israel targeting Iranian bases early Saturday morning, local time resulted in immediate drops across various digital assets. Concerns surrounding stablecoin stability such as USDT are heightened due to its critical role within broader ecosystem dynamics, influencing investor sentiment globally amidst heightened uncertainty levels.
Sources:
- Crypto Prices Today Oct 26: BTC Backtracks To $66K, Altcoins Plunge In Sync
- Expert Predicts 5,153% XRP Surge if Bitcoin Cracks $160K
- 8 Chinese Firms Exposed in High-Stakes Crypto Laundering Operation
- Bitcoin Drops As Israel Strikes Iran and Wall Street Journal Alleges Tether is Under Investigation
- Feds Target Businessman in Alleged Web of Secret Crypto Deals
- Crypto Market Crash: How Bitcoin and Altcoins Reacted After Israel Attacks Iran?
- Ethereum Underperforming, Don’t Blame The Network Or Leadership: Here’s Why
- Ethereum On-chain Metric Shows Encouraging Signs Despite Recent Price Capitulation
- Cardano To Launch First Permissionless L2, Outpacing Ethereum
- Trader Says One Ethereum (ETH) Rival Will Break All-Time Highs, Updates Outlook on Goatseus Maximus (GOAT)
- Vitalik Buterin Unveils True Goal of Ethereum Foundation’s Recent ETH Sales
- Solana Outpaces Ethereum in Economic Value, Powered by Memecoins
- Top 4 Solana Altcoins to Watch This Q4: Hidden Gems with 10x Potential
- Why You Should Sell These 3 Altcoins in October
- Capitalize on Solana’s Weakness: These Altcoins Are Ready to Dominate the Market
- These Altcoins Dumped the Most as Bitcoin (BTC) Slumped to $65.5K (Weekend Watch)
- Jamie Coutts Predicts Bitcoin Could Rise Over 155% This Market Cycle: Guest Post by COINTURK NEWS
- Solana vs Ethereum: 3 Reasons Why ETH Is No More A Trump-Trade
- Dogecoin Whale Confident In $1 Target After US Elections But Bets $2.2 Million On Popular ETH Altcoin
- As Ethereum Price Predictions Foresee $3,500 By 2025, ETH Whales Are Accumulating 3 Ethereum Based Tokens
- Shiba Inu Developer Says Ethereum Founder’s Battle with FUD “Makes Mine Feel Small”
- Anne Vallone
- Tesla, Inc. (NASDAQ:TSLA) down to US$696b market cap, but institutional owners may not be as affected after a year of 0.6% returns
- ApeCoin and Cosmos Rally, but This Low Market Cap Crypto Could Outpace Both: Guest Post by Optimisus
- Tesla, IBM headlining Thursday's afternoon market cap stock movers
