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Bitcoin chases new highs as crypto market cap crosses $4.21T

Bitcoin has surged 14% in a week, nearing $124,000 amid a US government shutdown. Key factors include a $1.6 billion increase in on-chain buying and a significant Coinbase premium gap of $92, indicating strong US demand. Analysts are watching for resistance near $130,000, with potential price discovery above $125,500. Despite rising investor uncertainty due to stalled government operations, Bitcoin has benefited, gaining 8% since the shutdown began. Expert analysts attribute the bullish momentum not only to investor positioning but also to macroeconomic conditions and recent announcements regarding potential stimulus from the US government. Traders expect ongoing price discovery, with critical technical levels around $120,000, which could serve as support. Heavy sell orders are noted around the $130,000 mark, and upcoming market closes will be pivotal for Bitcoin's momentum as it attempts to break into new all-time high territory.

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Ripple Cryptographer: XRP Ledger ‘Uniquely Positioned’ for Trillions in On-Chain Assets

Ripple engineer J. Ayo Akinyele is working to make the XRP Ledger (XRPL) the go-to choice for institutions by focusing on privacy, compliance, and trust within its protocol. He emphasizes the importance of confidentiality in finance while discussing the need for transparency in public blockchains. Akinyele advocates for ‘programmable privacy’

Coinbase Applies for National Trust Charter for Federal Oversight

Coinbase has applied for a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC), which would place the firm under federal regulatory oversight if granted. This charter will enable Coinbase to expand its existing custody services by introducing new financial offerings such as payments

Here’s what happened in crypto today

Today in crypto, the UK Financial Conduct Authority (FCA) is set to lift a ban on crypto exchange-traded notes (ETNs) for retail investors, effective October 8. This regulatory change may enhance consumer protections and provide retail access to blockchain assets through recognized investment exchanges. Companies like BlackRock and Bitwise are

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