Bitcoin Breaks the Ceiling: $125K Shattered in âUptoberâ Frenzy
Bitcoin Breaks the Ceiling: $125K Shattered in âUptoberâ Frenzy
At 6:45 a.m. CAT on Oct. 5, bitcoin ( BTC) definitively shattered its previous ceiling, carving out a new, historic all-time high of $125,725, according to Bitstamp prices. This momentous breakout confirms the powerful, month-long anticipation that has gripped the crypto market since the calendar turned. Driven by potent bullish sentimentâand validating the widely-touted âUptoberâ [âŠ]
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BBVA Joins Blockchain Drive With SWIFT to Reshape Real-Time Global Payments
BBVA is embracing blockchain-powered global payments with bold support for SWIFTâs real-time settlement network, citing speed, transparency, stablecoins, and tokenized asset capabilities. BBVA Joins Over 30 Banks in SWIFTâs Blockchain Bet on Real-Time Global Payments Global banks are intensifying their efforts to modernize cross-border payments, and blockchain is rapidly becoming a key component in this [âŠ]
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Key Price Breakout Sets Dogecoin On 153% Rally To Clear $0.65 â Details
Dogecoinâs price action in recent days has been defined by steady higher lows and attempts to break above $0.25. The meme coin has managed to maintain bullish momentum in the past 24 hours after ending September consolidating. This recent move has kept Dogecoinâs uptrend intact on the daily chart, and according to technical analysis shared on the social media platform X by analyst Javon Marks, this structure could be setting the stage for a powerful upward move. Related Reading: Bitcoin Rockets Past $119K, Analysts Now Eye $130K Target Breakout Structure And Higher Lows According to Marks, Dogecoinâs current price formation could be the early stages of a massive rally that carries the meme coin to $0.65 in a quick move. This prediction is based off a clear sequence of higher lows (HL) and higher highs that has been forming on the Dogecoin price chart. This formation is on the 5-day candlestick timeframe chart, and it goes as far back as the 2022 bear market. The first higher low started from the capitulation low in 2022 and continued through 2023 into 2024. Each higher low shows growing buyer interest after every correction, which is a sign of bullish continuation on higher timeframes. The most recent example came during Septemberâs downturn, when Dogecoin found a strong support at $0.22. Rather than breaking down further, the price rebounded from this level to create yet another higher low in the series. This response was important because it confirmed that Dogecoinâs uptrend was still intact. Marks points out that this upward structure of higher lows means that another wave up is likely to be in the works. Therefore, the current phase between $0.22 and $0.25 now is more of a build-up before the next explosive move higher. Dogecoin 5-day price chart: Javon Marks on X The Case For A 153% Rally To $0.6533 Marksâ projection goes beyond a simple breakout. The analyst projected Dogecoin to go on to create another higher high in the coming weeks and months. This wave up could be an over 153% run from Dogecoinâs current price level. His chart identifies $0.6533 as the immediate target for this wave. Achieving this level would require Dogecoin to more than double from its current price, but this is not unprecedented given its price history. If Dogecoin were to reach the $0.6533 breakout target, it would be its strongest bullish rally since early 2021. However, this is still below its 2021 all-time high of $0.7316, meaning thereâs still room for further upside if bullish conditions persist. Interestingly, the analysis also noted that Dogecoin might extend the rally above the $1 threshold. Particularly, the second price target is at $1.25711, although this may seem far-fetched in the short term. Related Reading: Space Meets CryptoâSpacecoin Executes 1st Blockchain Transaction Beyond Earth At the time of writing, Dogecoin is trading at $0.2525, down by 1.7% in the past 24 hours, but up by 10% in a seven-day timeframe. Featured image from Pixabay, chart from TradingView
India Confronts Stablecoin Shifts as Finance Minister Outlines Global Challenges
India is seizing the global spotlight as stablecoins and digital finance shake the foundations of traditional money, forcing nations to adapt or be left behind. India Faces Stablecoin Era With Finance Minister Stressing Structural Change India is increasingly positioning itself at the center of global financial debates as innovations like stablecoins begin to redefine the [âŠ]