Zcash climbed through $1,000 while Bitcoin briefly traded above $82,000 after a softer signal from Federal Reserve Governor Christopher Waller drew buyers back to risk assets. The move lifted the wider crypto market to its highest valuation in more than seven months, although strong US employment data later cooled the rally.
Evernorth Holdings, an investment firm backed by Ripple, has purchased over $1 billion worth of XRP to establish the world’s largest public crypto treasury.
On October 28, trading began on the New York Stock Exchange (NYSE) for the new spot exchange-traded fund (ETF) based on Solana, launched by Bitwise under the ticker BSOL.
The ETH/USD pair continues to form a medium-term downtrend, correcting within a long-term uptrend. Last week, the price reached 3750.00 (Murray level [4/8]) at the lower boundary of the descending channel but failed to break lower and resumed growth. Currently, the price has consolidated above 3962.50 (Murray level [5/8], Fibonacci correction 23.6%), supported by the middle Bollinger Band. However, confirmation of an uptrend will only occur after the price secures above 4375.00 (Murray level [6/8]) with a breakout of the upper boundary of the ascending channel — in this case, the movement could continue toward 5000.00 (Murray level [8/8]) and 5625.00 (Murray level [+2/8]). The key level for the “bears” remains 3750.00 (Murray level [4/8]): consolidation below it could trigger further decline toward 3125.00 (Murray level [2/8], Fibonacci correction 50.0%) and 2500.00 (Murray level [0/8]).
The privacy coin Zcash is experiencing a real “second spring.” Over the past 24 hours, the price of ZEC has surged by 20% to reach $350 — its highest level since 2017. Meanwhile, its market capitalization has surpassed $5 billion for the first time.
The SOL/USD pair continues to trade within a long-term upward channel but has been actively testing its lower boundary for the past two weeks, attempting to break below it. Consolidation beneath the support zone of 187.50–183.80 (Murray level [4/8], Fibonacci correction 50.0%) may trigger a decline toward 165.70 (Fibonacci correction 38.2%) and 140.62 (Murray level [1/8], Fibonacci correction 23.6%). The key level for bulls is seen at 203.12 (Murray level [5/8], Fibonacci correction 61.8%): a breakout above it will resume upward momentum toward the upper boundary of the ascending channel through 234.38 (Murray level [7/8]), 250.00 (Murray level [8/8]), and 265.62 (Murray level [+1/8]).
The XRP/USD pair continues to trade within a medium-term downward trend, forming a consistent bearish channel. Earlier this month, the price attempted to break through the upper boundary near 3.1250 (Murray level [8/8]) but failed to consolidate above it and resumed its decline amid growing risks of a global economic slowdown caused by escalating trade tensions between the U.S. and China. Currently, the price is approaching 2.3438 (Murray level [4/8]); a confirmed break below this level would open the way toward 1.9531 (Murray level [2/8]) and 1.5625 (Murray level [0/8]). The key resistance zone for bulls lies between 2.6220–2.7344 (middle Bollinger band, Murray level [6/8]); a breakout above it could trigger renewed attempts to exit the downward channel and retest the targets at 3.1250 (Murray level [8/8]) and 3.5156 (Murray level [+2/8]), although such a scenario currently seems less likely.
The company SharpLink Gaming has acquired an additional 19,000 Ethereum amid a market pullback, increasing its total crypto holdings to nearly 860,000 ETH, making it one of the largest Ethereum holders among public companies.
Ripple co-founder Chris Larsen has reportedly moved over $120 million worth of XRP according to on-chain data, sparking concerns among investors that retail traders could once again become “exit liquidity” for large holders.