What Happens To L1 Tokens Today? (26 Oct 2022, Wednesday)


"What happens to L1 Tokens today?" is a crypto news curator that curates high-quality and insightful Layer-1 Token news for you daily.

 

Here are the news for you today.

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BITCOIN (BTC)

Current Price: $ 20,087 (24h Changes: 3.93 %)

Current Market Cap: $ 385,726,806,200 (24h Changes: 3.85 %)

Positive News

Bitcoin Hits $20K, Ethereum Rises 12% as Crypto Market Cap Tops $1 Trillion

Source: Decrypt

Date: Tue, 25 Oct 2022 15:47:37

Ethereum reaches levels unseen since soon after the merge as the wider crypto market takes a break from the doldrums.

Breaking: Bitcoin Breaks $20K, Ethereum Explodes In Crypto Rally

Source: Coingape

Date: Tue, 25 Oct 2022 15:45:05

The crypto market is experiencing an extremely strong rally. Bitcoin has finally broken the $20K price level and is still surging.

Crypto short liquidation cross $750M in 4hrs as Bitcoin reclaims $20k

Source: CryptoSlate

Date: Tue, 25 Oct 2022 15:26:15

Over $750 million in crypto shorts have been liquidated over the past 4 hours as Bitcoin reclaims $20,000. The post Crypto short liquidation cross $750M in 4hrs as Bitcoin reclaims $20k appeared first on CryptoSlate.

Neutral News

Public Bitcoin miners are expanding their hashrate share

Source: CryptoSlate

Date: Tue, 25 Oct 2022 15:16:17

There was a massive surge in public miners' Bitcoin hashrate share as it has steadily grown during the last year, according to a report from the Hashrate Index Occasioned by the enormous funds derived from the 2021 bull run, many of these miners invested heavily in mining rigs, thereby widening and enhancing their operations. The post Public Bitcoin miners are expanding their hashrate share appeared first on CryptoSlate.

This Bitcoin On-chain Retest Can Change Market's Course, Here's How

Source: NewsBTC

Date: Tue, 25 Oct 2022 15:00:45

Bitcoin new address momentum is approaching a retest that could change the course of the crypto's price, if history is anything to go by. Monthly MA Of Bitcoin New Addresses Is Currently Retesting The Yearly MA According to the latest weekly report from Glassnode, new address momentum is currently on the verge of a push higher.

Sub-$20K Bitcoin price puts BTC miner profits under pressure as hash rate soars

Source: Cointelegraph

Date: Tue, 25 Oct 2022 14:30:00

Soaring hash rate, high electricity costs and BTC price hovering under $20,000 for months is complicating matters for Bitcoin miners.

Negative News

DOJ Charges Two Chinese Intelligence Officers in FBI Double Agent Bitcoin (BTC) Bribery Scheme

Source: The Daily Hodl

Date: Tue, 25 Oct 2022 15:55:15

Two Chinese intelligence officers are facing criminal charges in the US for allegedly attempting to steal court documents and bribing an FBI agent with Bitcoin (BTC). According to a new statement from the U.S.

Storm Brews For Bitcoin Miners As Cost Of Mining 1 BTC Surges To $19.3k

Source: Bitcoinist

Date: Tue, 25 Oct 2022 15:00:53

Data shows the cost of mining Bitcoin has now surged up to $19.3k, something that could spell doom for the miners. Bitcoin Difficulty Regression Model Shows Cost Of Production Now $19.

U.K. Seeks To Regulate Bitcoin, Crypto Similar To Current Financial Instruments: Report

Source: Bitcoin Magazine

Date: Tue, 25 Oct 2022 14:36:00

The bill looks to place bitcoin and digital assets under existing financial instrument law enabling existing regulatory infrastructure to build a framework.

 

ETHEREUM (ETH)

Current Price: $ 1,463.63 (24h Changes: 9.4 %)

Current Market Cap: $ 177,619,426,648 (24h Changes: 8.57 %)

Positive News

Bitcoin Hits $20K, Ethereum Rises 12% as Crypto Market Cap Tops $1 Trillion

Source: Decrypt

Date: Tue, 25 Oct 2022 15:47:37

Ethereum reaches levels unseen since soon after the merge as the wider crypto market takes a break from the doldrums.

Breaking: Bitcoin Breaks $20K, Ethereum Explodes In Crypto Rally

Source: Coingape

Date: Tue, 25 Oct 2022 15:45:05

The crypto market is experiencing an extremely strong rally. Bitcoin has finally broken the $20K price level and is still surging.

Ethereum Leads Crypto Rebound, ETH Price Heads For $1,500

Source: NewsBTC

Date: Tue, 25 Oct 2022 15:14:17

The crypto market is finally showing relief after days in consolidation mode; Ethereum is leading the market with significant profit on lower timeframes. The second crypto by market capitalization is reclaiming its position as a market leader.

Neutral News

Ether crosses $1,400, Apple tweaks NFT rules, and Alexis Ohanian's crypto outlook: CNBC Crypto World

Source: CNBC Television

Date: Tue, 25 Oct 2022 15:00:15

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Alexis Ohanian and Katelin Holloway of Seven Seven Six discuss the firm's investment in Doodles, and they share their outlook for the crypto industry.

1,928 ETH Worth $2M Was Just Burned

Source: Benzinga

Date: Tue, 25 Oct 2022 13:01:12

What happened: On Monday a total of 1,928.29 Ether (CRYPTO: ETH) worth $2,727,436, based on the current value of Ethereum at time of publication ($1,414.43), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

ETH Open Interest Ramps Up: Volatility Incoming? (Ethereum Price Analysis)

Source: CryptoPotato

Date: Tue, 25 Oct 2022 10:17:16

Ethereum's price has been oscillating in a very compressed range between $1200 and $1400, showing minimum momentum to initiate a move to either side. However, the cryptocurrency is approaching significant dynamic levels, and the market is potentially close to showing its hand.

Negative News

Ethereum price analysis: ETH slowly forms consolidation around $1,350, reversal overnight?

Source: Cryptopolitan

Date: Tue, 25 Oct 2022 09:13:18

Ethereum price analysis is bearish today as we have seen sideways momentum over the last 24 hours after a strong push higher. Therefore, we expect ETH/USD to soon reverse and begin retracing to set another higher low later in the week.

Bitcoin, Ethereum and XRP Price Prediction: Uncertainty Reigns Supreme as Breakouts Fail to Materialize

Source: BeInCrypto

Date: Tue, 25 Oct 2022 09:00:00

BTC price has broken out after bouncing at the $18,850 horizontal support area, while ETH may break out from a descending parallel channel. The post Bitcoin, Ethereum and XRP Price Prediction: Uncertainty Reigns Supreme as Breakouts Fail to Materialize appeared first on BeInCrypto.

Bitcoin, Ethereum Technical Analysis: BTC Moves Lower as Prices Fail to Break Out of Key Resistance Level

Source: Bitcoin

Date: Tue, 25 Oct 2022 08:30:59

Bitcoin was trading lower in today's session, after failing to break out of a key resistance level of $19,600. Bullish sentiment seemed to have returned to the market on Monday, however this momentum was short lived. Ethereum also fell in today's session, but remained above its recent price ceiling.

 

BINANCE (BNB)

Current Price: $ 286.65 (24h Changes: 4.86 %)

Current Market Cap: $ 46,835,099,598 (24h Changes: 4.8 %)

Positive News

BNB Chain Introduces $10M Fund to Incentivize Project Growth on the Blockchain

Source: Coindesk

Date: Tue, 25 Oct 2022 11:00:16

The program will initially support 10 projects in the fourth quarter, with gas incentives up to 800 BNB a month in total.

Top Analyst Says One Altcoin Showing Tons of Strength With Bitcoin Breakout This Week ‘Almost Inevitable'

Source: The Daily Hodl

Date: Tue, 25 Oct 2022 07:45:53

A popular analyst says he has his radar locked on one altcoin that's flashing a lot of strength amid the crypto market doldrums. Michaël van de Poppe tells his 636,500 Twitter followers that crypto bulls should consider adding Binance Coin (BNB) to their portfolio. “Also, something to add in your portfolio: BNB.

 

CARDANO (ADA)

Current Price: $ 0.41 (24h Changes: 13.69 %)

Current Market Cap: $ 14,364,099,027 (24h Changes: 12.61 %)

Positive News

Cardano's position shows ADA is grossly undervalued, but it's all lining up for a massive rally — here's why

Source: Zycrypto

Date: Tue, 25 Oct 2022 13:40:52

Cardano (ADA) faces the sternest price test in nearly three years but analysts believe that the dirtiest side of the storm has passed and it could be smooth sailing from here on out.

Bonds.org: Game-changers in Cardano Decentralized Lending

Source: Crypto Daily

Date: Tue, 25 Oct 2022 13:15:00

Instant access to capital is the foundation of all innovation in DeFi. Liquid cash loans fuel the dreams of visionaries who dare to initiate change and drive technological progress forward.

Cardano ($ADA) Is ‘In the Midst of a Mini Bull Run in Network Activity'

Source: CryptoGlobe

Date: Tue, 25 Oct 2022 12:50:30

Earlier today (October 25), a very popular pseudonymous Cardano educator pointed out that Cardano is “in the midst of a mini bull run in network activity.

Neutral News

Is This Product Likely to Bring Cardano Back to $1? Charles Hoskinson Speaks Out

Source: NewsBTC

Date: Tue, 25 Oct 2022 14:00:20

Cardano is sinking deeper into support after a rejection at $0.50 and $0.40 with no indication of a rebound. The cryptocurrency has been one of the worst performers in this crypto bear market, but the bulls might still have some hope.

Cardano Is in Midst of Network Activity Bullrun and Daily Transactions, Here's Why

Source: UToday

Date: Tue, 25 Oct 2022 07:38:00

Cardano's network activity is blossoming despite problematic position on market

Negative News

ADA struggles to break $0.365, here's where traders can look to buy

Source: AMBCrypto

Date: Tue, 25 Oct 2022 09:30:01

4, and demand has not yet arrived Cardano has performed somewhat well in the past three days.

 

RIPPLE (XRP)

Current Price: $ 0.46 (24h Changes: 0.65 %)

Current Market Cap: $ 23,014,106,488 (24h Changes: 0.48 %)

Positive News

7 Cryptos to Watch as the Blockchain Holds Steady

Source: Investorplace

Date: Tue, 25 Oct 2022 12:36:31

With cryptos struggling to move the line, investors need to exercise restraint as the Federal Reserve figures out what to do.

BREAKING: Elon Musk's X-App for 8 billion people will have a crypto wallet with Bitcoin and Ripple payments

Source: CryptoNewsFlash

Date: Tue, 25 Oct 2022 11:06:18

Musk previously announced that Twitter's acquisition would help accelerate his all-in-one application dubbed X-App.  The billionaire will compete with the likes of Meta, formerly Facebook, in the Web3 industry.

200 Mln XRP Added By Whales Amid Price Dip

Source: Coingape

Date: Tue, 25 Oct 2022 09:48:09

Ripple's native token, XRP is one of those top cryptos which have managed to surge over the past 90 days amid the slumping digital asset market. Positive outcomes from the long running crucial lawsuit between Ripple and SEC lately have spiked the whales' interest in the XRP.

Neutral News

Ripple is Set to Visit London in November for the Swell Conference

Source: Crypto news

Date: Tue, 25 Oct 2022 14:01:26

Ripple's annual swell conference is set to take place in London according to the firm. Ripple is currently in Vegas for the Money20/20 USA conference as the firm is celebrating its Tenth anniversary.

Ethereum is a commodity CFTC chair rules – is Ripple's XRP too?

Source: CryptoNewsFlash

Date: Tue, 25 Oct 2022 10:29:20

CFTC chair Rostin Behnam shares his views on whether Ethereum is a security, but SEC chief Gensler disagrees.

XRP Price Prediction – Is XRP Going to Go Up?

Source: Cryptonews

Date: Tue, 25 Oct 2022 09:29:00

XRP, the token used for cross-border money remittance, appears to be at the tail end of a retracement from its October peak at $0.5488. A substantial demand area sits at $0.4200, where the XRP price is expected to start a new rally.

Negative News

Ripple Lawyer Says XRP Lawsuit Will Set Precedents for Entire Crypto Industry – Here's What She Means

Source: The Daily Hodl

Date: Tue, 25 Oct 2022 10:30:34

Ripple's vice president of litigation thinks the outcome of the U.S. Securities and Exchange Commission's (SEC) lawsuit against the San Francisco-based payments firm will have a huge impact on the crypto space at large.

Bitcoin, Ethereum and XRP Price Prediction: Uncertainty Reigns Supreme as Breakouts Fail to Materialize

Source: BeInCrypto

Date: Tue, 25 Oct 2022 09:00:00

BTC price has broken out after bouncing at the $18,850 horizontal support area, while ETH may break out from a descending parallel channel. The post Bitcoin, Ethereum and XRP Price Prediction: Uncertainty Reigns Supreme as Breakouts Fail to Materialize appeared first on BeInCrypto.

Ripple May Resume a Downtrend as It Reaches the Breakout Level of $0.41

Source: Coin Idol

Date: Tue, 25 Oct 2022 07:47:00

The price of Ripple (XRP) has fallen to a low of $0.44 at the time of writing. The cryptocurrency has declined since the recent high of $0.54.

 

SOLANA (SOL)

Current Price: $ 30.93 (24h Changes: 9.43 %)

Current Market Cap: $ 11,159,909,360 (24h Changes: 8.7 %)

Positive News

Solana price analysis: SOL recovers the $30 level as bulls blaze through

Source: Cryptopolitan

Date: Tue, 25 Oct 2022 14:11:21

TL;DR Breakdown Solana price analysis suggests movement upwards to $34.00 The closest support level lies at $30.00 SOL faces resistance at the $32.00 mark The Solana price analysis shows that the price has finally broken above the $30.00 resistance level and rapidly approaches the $32.00 mark.

Solana Might Be Down 85%, But It Has a Jaw-Dropping Strategy to Bounce Back in 2023

Source: The Motley Fool

Date: Tue, 25 Oct 2022 07:10:00

In 2023, Solana's new bet on mobile crypto could start to pay off big for investors.

Solana: InvestAnswers Calls $SOL ‘A Screaming Value' at Current Price Levels

Source: CryptoGlobe

Date: Tue, 25 Oct 2022 06:30:29

On October 23, James Mullarney, the host of the very popular YouTube channel “InvestAnswersâ€, explained why he is so bullish on Ethereum rival Solana ($SOL). Here is how Coinbase described Solana in a blog post published on 29 June 2022: “Solana is a decentralized computing platform that uses SOL to pay for transactions.

 

AVALANCHE (AVAX)

Current Price: $ 16.54 (24h Changes: 5.37 %)

Current Market Cap: $ 4,943,606,738 (24h Changes: 4.76 %)

Positive News

Ways to Increase Gains With Avalanche (AVAX), Polygon (MATIC), and The Hideaways (HDWY)

Source: Dailycoin

Date: Tue, 25 Oct 2022 05:00:14

Settling for less will lead to unwanted work outputs or even unhealthy lifestyle.

Avalanche [AVAX] future looks interesting- Here are the top two reasons

Source: AMBCrypto

Date: Tue, 25 Oct 2022 03:00:59

Avalanche has recently demonstrated more seriousness toward tapping into growth opportunities in the NFT market. One of the recent updates regarding the network reveals expanded support of multiple NFT platforms.

 

NEAR (NEAR)

Current Price: $ 3.0 (24h Changes: 2.04 %)

Current Market Cap: $ 2,452,696,331 (24h Changes: 1.57 %)

Neutral News

NEAR Foundation Has Just Set Aside $40 Million for the Protection of $USN Holders

Source: Crypto news

Date: Tue, 25 Oct 2022 13:01:16

NEAR foundation announces a $40M protection fund for $USN holders.

NEAR Foundation Launches "Depeg" Protection for Algorithmic Stablecoin USN

Source: UToday

Date: Tue, 25 Oct 2022 09:34:00

USN's price at press time was $0.999

Near Foundation spends $40 million to replace USN stablecoin's ‘collateral gap'

Source: The Block

Date: Tue, 25 Oct 2022 08:14:10

Near Foundation announced a $40 million grant toward replacing a collateral gap of USN, a decentralized stablecoin on Near Protocol that had become undercollateralized earlier this year. The post Near Foundation spends $40 million to replace USN stablecoin's ‘collateral gap' appeared first on The Block.

Negative News

NEAR ecosystem's TVL declines by 45%, thanks to this factor

Source: AMBCrypto

Date: Tue, 25 Oct 2022 15:30:24

On 24 October, the NEAR protocol made another notable move to avoid a potential LUNA debacle. The NEAR Foundation issued an announcement stating that the USN, the NEAR algorithmic stable currency, is not sufficiently collateralized under extreme market conditions.

 

 

POLKADOT (DOT)

Current Price: $ 6.47 (24h Changes: 10.43 %)

Current Market Cap: $ 7,569,701,301 (24h Changes: 9.71 %)

Positive News

Polkadot registers spike in USDT revenue; what could it mean for traders

Source: AMBCrypto

Date: Tue, 25 Oct 2022 15:00:25

Polkadot [DOT] recently released the latest edition of its weekly digest, which mentioned all the notable developments that happened in the ecosystem over the last week. All of the developments looked quite promising as they helped increase the capabilities of the network while adding more value to it.

Polkadot price analysis: Bullish momentum helps elevate DOT price to $6.19

Source: Cryptopolitan

Date: Tue, 25 Oct 2022 12:51:37

The Polkadot price analysis is bullish for today as the bulls have continued their lead for the last 24 hours. The coin price has recovered to $6.19 due to continuous bullish efforts the DOT/USD pair faces resistance at the $6.20 level.

CryptoSlate Daily wMarket Update – Oct. 24: Polkadot sees slight gain as market rut continues

Source: CryptoSlate

Date: Tue, 25 Oct 2022 07:04:16

The cryptocurrency market cap saw net outflows of $1.11 billion over the past 24 hours, pushing the total to $929.47 billion as of press time. The post CryptoSlate Daily wMarket Update – Oct. 24: Polkadot sees slight gain as market rut continues appeared first on CryptoSlate.

Negative News

Polkadot (DOT) Price Slides to New Yearly Low, Bearish Sentiment Remains Strong

Source: BeInCrypto

Date: Tue, 25 Oct 2022 12:00:00

Polkadot (DOT) price is showing some bullish signs in the short-term. However, the long-term readings remain firmly bearish.

 

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
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