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ETH Drops Under $1,600, BTC Consolidates Below $27,000 Ethereum continued to slip lower on Friday, as the cryptocurrency fell below the $1,600 level in today’s session. Crypto markets have mostly consolidated since the Federal Reserve opted to keep rates unchanged earlier this week, with the global market cap down nearly 1%, as of writing. Bitcoin continued to trend lower.

Hello, welcome to this TON/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Toncoin (TON) fell by as much as 7% on Thursday, after recently climbing to its highest point in nine months. TON/USD dropped to a low of 2.31 earlier in the day, after peaking at 2.49 less than 24 hours ago. The drop came as toncoin bulls seemingly opted to secure gains, following a recent surge to its strongest point since late January. After tracking deep in the overbought region in the past few days, toncoin’s RSI is now sitting at 65.19. It appears that the next support point for price strength could be at 56.00, which may mean more profit-taking could be on the cards. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you. https://www.tradingview.com/chart/TONUSD/zfR3PTRT-TON-USDT-1DAY-UPDATE-BY-CRYPTOSANDERS/

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Hello, welcome to this SHIB/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Shiba Inu (SHIB) moved lower during today’s session, as the Bears ended a three-day winning streak. After peaking at 0.000007527 on Wednesday, SHIB/USD slipped to a bottom of 0.00000725 earlier in the day. The decline came as bulls were unable to move beyond a ceiling at 0.00000755, giving way to downward pressure in the process. it appears that the shift in momentum came after the relative strength index (RSI) failed to break a key ceiling. The index was unable to penetrate a resistance level of 43.00 and is now tracking at a reading of 40.09. Should the price continue to fall in the coming days, the landing spot could likely be a point of support at 0.00000710. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/SHIBUSDT/Gc4IetOj-SHIB-USDT-1DAY-UPDATE-BY-CRYPTOSANDERS/

Tether Dives Into AI Wave With $420M Nvidia GPU Investment Amid Soaring Demand According to a report, Tether, the largest stablecoin issuer by market capitalization, has invested $420 million in 10,000 Nvidia H100 graphics processing units (GPUs). This news emerges during a time of surging demand for artificial intelligence (AI). It also comes after Iris Energy reported in August that its bitcoin mining operation acquired 248 Nvidia H100s.

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Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) neared a drop below a key price level in today’s session, hitting a one-week low in the process. ETH/USD slipped to an intraday low of 1,606.18 earlier in the day, following Wednesday’s peak at 1,639.35. Thursday’s decline pushed ethereum to its weakest point since September 13, which was the last time price was below 1,600. Since failing to break out of a ceiling at 49.00, the RSI has moved closer into oversold territory and now tracks at 41.52. Bears seem to be looking to land at a point of support at 35.00, which could lead ETH to hit the 1,575 floor. Bulls are possibly still waiting in the wings, as the 10-day (red) and 25-day (blue) moving averages have still not crossed. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/ETHUSDT/vKs77cUJ-ETH-USDT-1DAY-UPDATE-BY-CRYPTOSANDERS/

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Hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin fell for a second consecutive day after the U.S. Federal Reserve interest rate decision. Following a high of 27,289.77 on Wednesday, BTC/USD dropped to a low of 26,703.77 earlier in today’s session. The Fed’s decision to pause has led to dollar strength, with USD hitting its most substantial level since April versus the British pound. As a result of the BTC drop, the 14-day relative strength index (RSI) fell below a support point at the 55.00 level. Price strength now stands at 52.45, and appears to be heading for a lower floor near the 45.00 region. Should the index fall to this floor, there is a good chance that Bitcoin could be hovering near 26,000. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/BTCUSDT/llDytxwJ-BTC-USDT-1DAY-UPDATE-BY-CRYPTOSANDERS/

SHIB Bears Snap 3-Day Win Streak, TON Profit Takers Swoop In Shiba inu bears ended a three-day bull run on Thursday, as a red wave swept over cryptocurrency markets. Today’s drop comes as the global crypto market cap fell by as much as 1.50%. Toncoin also slipped, as profit takers moved to secure recent gains.

ZK-Rollup Coin Sector's Value Plummets by 46% in 7 Months At the outset of the year, cryptocurrency assets linked to the realm of ZK-rollups commanded significant attention. In February, the market capitalization of the ZK-rollup coin ecosystem reached a substantial $13.7 billion. However, the subsequent months witnessed a stark transformation, with the ZK-rollup coin sector experiencing a substantial decline of over 46%, ultimately settling at a market capitalization of $7.38 billion.

ETH Hits 1-Week Low, BTC Extends Declines on USD Strength Bitcoin fell below the $27,000 level on Thursday, as markets reacted to the latest Federal Reserve interest rate decision. As expected, the Fed opted to keep rates unchanged at 5.5%, whilst hinting at one additional raise in the current cycle. The dollar strengthened across the board following the decision. Ethereum is on the cusp of a drop under $1,600.

Opera Launches Blockchain-Based Wallet Enabling Rapid P2P Stablecoin Transfers for African Users The creator of the Opera Mini web browser recently announced the launch of a blockchain-based wallet which makes it possible for African users to rapidly transfer stablecoins. Integration of the stablecoin wallet into the Opera Mini browser is expected to expose users to decentralized apps (dapps) and projects built on the Celo network.

Bhutan Commences Plan to Develop 600-Megawatt Bitcoin Mining Farm The Himalayan Kingdom of Bhutan along with its partner Bitdeer Technologies Group has reportedly kickstarted plans to develop a 600-megawatt crypto mining farm. Bitcoin mining in the kingdom is expected to “equip citizens to participate in the modern global economy from within Bhutan.”

South Koreans Report Over $98 Billion in Overseas Crypto Assets South Korean tax payers have declared some 131 trillion won (more than $98 billion) of crypto holdings in overseas accounts this year. The amount was announced by the country’s tax agency and it comes after the authorities in Seoul imposed a mandatory reporting requirement for financial assets held abroad.

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Hello, welcome to this MATIC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Polygon (MATIC) also hit multi-week highs on Wednesday. MATIC/USD reached 0.5486 at the start of today's session, bouncing back from a low of 0.536 a day earlier. The move pushed Polygon to its strongest level since September 8, when the token reached a high of 0.5586. Earlier gains have faded, and the RSI appears to have failed to break out of its range at the 49.00 mark. Currently, price strength stands at 47.34, however, momentum remains largely bullish ahead of a potential moving average crossover. The 10-day (red) and 25-day (blue) trend lines are on the verge of moving up, which could lead to a fresh surge in prices. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/MATICUSDT/kRPWONX9-MATIC-USDT-1DAY-UPDATE-BY-CRYPTOSANDERS/

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