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Price Updates: BTC, ETH, BNB & XRP

Equities markets have extended their decline, but Bitcoin and select altcoins have not given up much ground, leading some traders to believe that the bottom is in.

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Equities markets have extended their decline, but Bitcoin and select altcoins have not given up much ground, leading some traders to believe that the bottom is in.

BTC

Bitcoin bounced off the strong support at $18,626 on Sept. 28, signifying that the bulls continue to fiercely defend this level. The long tail on the candlestick of the past two days shows that bulls are buying the intraday dips. The bulls pushed the price above the 20-day EMA of $19,602 but are struggling to sustain the higher levels. This shows that bears are selling near the 50-day SMA ($20,621).

ETH

Ether has been declining in a descending channel pattern for the past several days. In the short term, the price has been stuck between $1,250 and $1,410, signifying demand at lower levels but selling near the resistance. If the price breaks above $1,410, it will suggest that the bulls have absorbed the supply. That could propel the price to the resistance line of the channel. The bulls will have to overcome this barrier to suggest a potential trend change.

BNB

BNB turned up sharply from $266 and broke above the 20-day EMA of $278 on Sept. 28. This shows that lower levels are attracting strong buying by the bulls. The bulls pushed the price above the resistance line of the descending channel on Sept. 29 but are facing resistance at the 50-day SMA of $288. If bulls do not allow the price to plummet back below the 20-day EMA, it will improve the prospects of a break above the 50-day SMA.

XRP

XRP rebounded off the 20-day EMA of $0.43 on Sept. 28, indicating a change in sentiment from selling on rallies to buying on dips. However, the bears are unlikely to give up as they will try to stall the recovery in the $0.52 to $0.56 zone. If buyers do not give up much ground from the current level, the possibility of a break above the overhead zone increases.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CryptoNews. Every investment and trading move involves risk. The reader should conduct their own research when making a decision.

Markets

Tezos launches world’s first Uranium marketplace on blockchain

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Tezos blockchain has become the foundation for the world’s first uranium trading marketplace, marking a significant milestone in the integration of blockchain technology with critical commodities. Announced on Nov. 21, the platform aims to bring transparency and efficiency to the global uranium market, which has traditionally operated with limited visibility and complex supply chains. The initiative is spearheaded by major industry players seeking to modernize uranium trading.

The blockchain-based marketplace will enable buyers and sellers to transact securely while providing an immutable ledger of all transactions. This innovation is expected to address long-standing challenges in the uranium sector, including traceability, regulatory compliance, and pricing opacity. By leveraging Tezos’ smart contract capabilities, the platform offers automated processes for contract execution and ensures a transparent record of ownership and origin.

Industry leaders have praised the project as a game-changer for the nuclear energy supply chain, which relies heavily on uranium. The marketplace is designed to support global efforts to enhance sustainability and safety, aligning with the increasing focus on responsible sourcing of critical materials. The move could also attract new participants to the market by lowering barriers to entry and fostering trust through blockchain’s verifiable data.

This development underscores the expanding role of blockchain in transforming traditional industries beyond finance. By addressing inefficiencies in one of the world’s most regulated markets, Tezos demonstrates how decentralized technologies can drive innovation and transparency. As the uranium marketplace gains traction, it could serve as a blueprint for blockchain adoption in other critical resource sectors.

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Business

LimeWire adds decentralized file sharing feature with BNB Greenfield

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LimeWire, the iconic file-sharing platform from the early 2000s, has made a comeback, reimagined for the Web3 era. Announced on Nov. 21, the platform now operates as a decentralized file-sharing network, leveraging blockchain technology to enable secure and transparent peer-to-peer sharing of digital assets. The relaunch aims to blend nostalgia with innovation, introducing LimeWire to a new generation of users while embracing the principles of decentralization.

The updated LimeWire platform integrates blockchain to provide content creators with greater control over their work, including tools for licensing and monetization. Users can share files, such as music, videos, and other media, while ensuring ownership and royalties are preserved through smart contracts. LimeWire also features its own native token to facilitate transactions within the ecosystem, including tipping creators and accessing premium content.

LimeWire’s revival reflects a broader trend of Web2 platforms transitioning into the Web3 space. The platform’s focus on decentralization aligns with the growing demand for alternatives to centralized file-sharing services, which have faced criticism over censorship and lack of user privacy. By adopting blockchain, LimeWire seeks to address these issues while empowering both creators and consumers with greater transparency and fairness.

As LimeWire re-enters the digital landscape, its success will depend on user adoption and the platform’s ability to compete with established Web3 content-sharing solutions. With its nostalgic branding and commitment to innovation, LimeWire’s evolution into a decentralized platform positions it as a potential leader in reshaping how digital content is shared and monetized in the blockchain era.

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Business

Coinbase Expands Trading Options for New York Users with Four New Tokens

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Coinbase, one of the largest cryptocurrency exchanges in the United States, has announced the addition of four new tokens to its trading platform for users in New York. The newly listed tokens—NEAR Protocol (NEAR), AERGO (AERGO), VeThor Token (VTHO), and PayPal USD (PYUSD)—are now available for trading in the state, offering more choices to New York-based investors.

This move is part of Coinbase’s ongoing effort to expand its offerings and provide a wider range of assets to its user base. The inclusion of NEAR, AERGO, VTHO, and PYUSD reflects the growing demand for diverse digital assets in the crypto market.

NEAR Protocol is known for its developer-friendly blockchain, AERGO offers a hybrid blockchain for enterprise solutions, VeThor Token is used within the VeChain ecosystem, and PayPal USD is a stablecoin backed by PayPal, aimed at facilitating digital payments.

New York, known for its strict regulatory environment regarding cryptocurrencies, has often seen a more limited selection of tokens available for trading. Coinbase’s expansion to include these tokens indicates a growing acceptance and regulatory clarity around these assets in the state.

The exchange continues to enhance its platform, ensuring that it meets the evolving needs of its users while complying with local regulations.

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