Bitcoin recently touched around $117,484, boosted by optimism that the U.S. Federal Reserve may cut interest rates. Such monetary easing tends to benefit risk assets like cryptocurrencies.
Thank you for reading this post, don't forget to subscribe!On-chain data shows that more than 72% of Bitcoin’s supply is now illiquid—meaning these coins are being held in wallets rather than available for sale. This reduces selling pressure and supports a stronger long-term price outlook.
Solana (SOL)
- European sports group Brera Holdings has rebranded to “Solmate” and announced a new strategy to accumulate Solana (SOL) tokens in its treasury. The company secured $300 million in private funding from UAE investors, including Cathie Wood’s ARK Invest and Pulsar Group, to support this move
From a market perspective, SOL has shown strength despite short-term resistance levels. Analysts note that if it maintains key support zones, the token could attempt another move toward the $250–$255 range.
XRP
- XRP is currently trading in the $3.01–$3.12 range. Analysts believe it has potential to move higher due to strong support and investor sentiment. (tipranks.com)
- A trader recently argued that spreading fear, uncertainty, and doubt (FUD) about XRP is shortsighted. He pointed to the possibility of XRP reaching $10, especially if October brings positive developments such as XRP-ETF approval or progress on Ripple’s banking license applications.