- Fully licensed and regulated US exchange
- Strong focus on security and compliance
- User-friendly interface for beginners
The cryptocurrency market strengthened earlier this week but came under sharp selling pressure on Thursday, erasing much of its previous gains. In the latest market snapshot, Bitcoin (BTC) is trading near 81600.00 (+0.9%), Ethereum (ETH) at 2400.00 (+2.1%), Tether (USDT) at 0.9991 (–0.01%), BNB at 744.00 (+5.1%) and XRP at 1.3250 (+4.8%). Total cryptocurrency market capitalization has declined to approximately $2.73 trillion, while Bitcoin dominance has increased to 60.0%. From October 19 to 22, US spot Bitcoin ETFs recorded net inflows of $439.1 million, while Ethereum ETFs saw outflows of $225.1 million. The market remains volatile despite the recovery attempt discussed in our previous crypto weekly review.
Last week, the BTC/USD pair showed mixed performance. After reaching a three-week high near 84800.00, Bitcoin entered a downward correction amid escalating geopolitical tensions.
Last week, the BTC/USD pair corrected lower under pressure from monetary factors, reaching a five-week low of 79720.00. It then recovered part of its losses and is currently trading near 82710.00.
The XRP/USD pair has been trading mostly within the sideways range of 1.5625–1.3671 (Murray [8/8]–[6/8]) for more than two months, periodically attempting to leave it. At present, the quotes have reached its lower boundary, and after consolidating below it, a decline towards 1.2695 (Murray [5/8]) and 1.1718 (Murray [4/8]) is expected. However, if the price breaks above the middle Bollinger Band at 1.4648 (Murray [7/8]), growth may continue towards 1.6420 (Fibonacci retracement 61.8%), 1.7578 (Murray [+2/8]) and 1.9531 (Murray [5/8], W1).
This week, the cryptocurrency market corrected downward, giving up the gains recorded since the beginning of the month. BTC is trading near 82500.00 (–3.8%), ETH at 2500.00 (–7.4%), USDT at 0.9994 (–0.03%), BNB at 740.00 (–5.9%) and XRP around 1.4000 (–6.9%). Total cryptocurrency market capitalization has declined to approximately $2.79 trillion, while Bitcoin dominance has increased to 59.5%. Meanwhile, US spot Bitcoin ETFs recorded net outflows of $700.0 million during the October 5–8 trading sessions, while Ethereum ETFs lost $486.1 million over the same period. The decline reversed the recovery described in our previous crypto weekly review.
Ethereum's staking exit queue increased more than fivefold in just three days, reaching a peak of around 851,000 ETH after MetaMask began proactively withdrawing thousands of validators following a security incident.
In June, the ETH/USD pair reversed from the 1562.50 area (Murray level [2/8]), near two-year lows, and has since continued to rise with significant periods of sideways consolidation. The price is now approaching the 2812.50–2770.00 resistance area (Murray level [+2/8], 23.6% Fibonacci retracement). A consolidation above this zone may allow the pair to reach 3165.00 (50.0% Fibonacci retracement) and 3400.00 (January high). However, if the price consolidates below 2500.00 (Murray level [8/8]), where the asset traded for around a month, a correction toward 2187.50 (Murray level [6/8]) and 1875.00 (Murray level [4/8]) may develop.
Last week, the BTC/USD pair moved above 87000.00 but has since pulled back toward 86000.00, while maintaining its upside potential amid a significant decline in expectations for further monetary tightening by the US Federal Reserve.
The cryptocurrency market made a moderate recovery attempt this week. At the time of writing, BTC was trading near 86860.00 (+3.7%), ETH at 2758.00 (+2.4%), USDT at approximately 0.9995, BNB at 782.00 (+1.6%) and XRP near 1.5400 (+3.4%). Total market capitalization was close to 3.04 trillion dollars, while Bitcoin dominance remained near 59.0%. In the latest completed U.S. trading session on October 1, spot Bitcoin ETFs recorded a net inflow of 102.7 million dollars, while spot Ethereum ETFs posted a net outflow of 55.4 million dollars. The figures follow the recent surge in Bitcoin ETF inflows previously covered by FORECK.INFO.
For crypto, the framework is similar to traditional financial markets but comes with its own twist. Here, price action turns on liquidity, adoption, regulation, and flows from institutions alongside retail sentiment. Network health—hash rate, staking, active wallets—adds another layer. Macro still matters too: rates, dollar strength, and risk appetite shape inflows and outflows. Then, as with any market, you use the chart—trend, support and resistance, momentum, and volume—to spot setups and manage risk.