Cryptocurrency News Today TheBitTimes.com

Cryptocurrencies are having an explosive start this month, with $70 billion added to the overall crypto market capitalization in under 30 minutes on Wednesday, October 1. More precisely, the total value was sat at $3.87 trillion at around 10:25 AM CET (8:25 AM UTC), only to go up to $3.94 trillion at approximately 10:55 AM CET (8:55 AM UTC). Shortly after, the figure climbed even further, hovering around $3.95 trillion market cap at press time, according to TradingView data retrieved by Finbold. Total crypto market cap. Source: TradingView This marks an approximately $100 billion or 2.5% increase already in ‘Uptober’ from yesterday’s levels, which were around $3.85 trillion. Among the strongest gainers today in terms of market cap was the privacy coin Zcash (ZEC), which went from the 72nd to the 65th largest crypto in less than 24 hours, being up 40% on the daily chart. Featured image via Shutterstock Source: https://thebittimes.com/70-...

Ripple thinks its newly acquired prime brokerage, Hidden Road, will boost confidence in its tiny stablecoin, RLUSD. The $1.2 billion cash, equity, and XRP token deal is quadruple the value of RLUSD’s market capitalization. Unlike the $1-pegged RLUSD, the value of XRP is supposed to rally in response to positive developments. Unfortunately, XRP has declined in value today since CEO Brad Garlinghouse’s morning announcement of the company’s most expensive acquisition ever . Price of XRP since Brad Garlinghouse’s 8:06am NYC time zone tweet. Read more: PayPal and Ripple stablecoins still sub-1% despite ‘stablecoin gold rush’ According to Garlinghouse, Hidden Road will use Ripple’s RLUSD as collateral while prime brokering, “including cross-asset (crypto and traditional instrument) trades.”  Why Hidden Road couldn’t simply use another stablecoin to serve the same purpose wasn’t clear from the press release. ‘Efficient cross-margining’ despite man...

Crypto exchange Kraken has opted to list a Solana blockchain version of a Coinbase Base blockchain asset. The irony of Solana offloading the processing of Coinbase’s supposedly ultra-scalable Base blockchain is funny enough on its own — not to mention the further irony of Kraken listing a Coinbase asset before Coinbase itself. The digital asset, Virtuals (VIRTUAL), is a metaverse token that’s best known for its 70% decline in price in the past four weeks . The token claims to be useful for a dizzying array of “metaverse infrastructure” like digital identity, ticketing, cross-world interoperability, NFT ownership, gaming transactions, and social interactions. kraken listing solana virtual before coinbase lists base virtual https://t.co/WivdpaNGKE — ceteris (@ceterispar1bus) February 12, 2025 Base protocol Virtuals chooses… Solana Rather than maintain a dedication to its founding blockchain, Virtuals Protocol decided on January 25...

Litecoin (LTC), long considered the silver to Bitcoin’s gold, has surged back into the spotlight with a price increase of 16.64% in the past 24 hours, climbing to $118.40.  The rally has catapulted Litecoin’s market capitalization from $7.64 billion to $8.95 billion, adding over $1 billion in value in just one day and securing its position as the 20th largest cryptocurrency by market cap. The price surge has ignited bullish sentiment, driven by a mix of regulatory speculation, institutional activity, and technical accumulation. Analysts and investors are increasingly optimistic about Litecoin’s near-term prospects, viewing it as a prime candidate for broader adoption and institutional interest. Picks for you Stellar (XLM) shows ‘high readiness for a bull run’  26 mins ago ...

Altcoin investors are optimistic about the upcoming altcoin season. Many anticipate a shift in capital from the Bitcoin ecosystem and potential regulatory improvements to drive altcoin rallies in 2025. However, the crypto market has faced a bearish trend over the last 24 hours, largely due to hawkish remarks from Federal Reserve Chairman Jerome Powell following a recent FOMC meeting. Despite this, crypto enthusiasts believe the market will endure the negative effects of this news and is expected to recover as it prepares for a potential bull run. In light of this positive outlook, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar . 5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar Movement (MOVE), the native token of an Ethereum-based layer-2 blockchain, has recently seen a notable price surge, outperforming broader market trends. Toncoin (TON), currently ranked 13th in market capitalization, has experienced fluctuating per...

Bitcoin has now become the eighth-largest asset globally by market capitalization, valued at $1.786 trillion. This places it ahead of traditional commodities like silver and major companies like Meta Platforms. According to IntoTheBlock, Bitcoin is ranked among the top global assets, following gold, Apple, NVIDIA, Microsoft, Alphabet (Google), Amazon, and Saudi Aramco.  Gold remains the largest asset, with a market cap of $17.526 trillion and a $2,610 per ounce price. The tech sector dominates the top rankings, with Apple valued at $3.428 trillion, NVIDIA at $3.401 trillion, and Microsoft at $3.085 trillion. In light of the positive crypto market wave, investors are searching for affordable tokens, particularly the best altcoins to buy now . 5 Best Altcoins to Buy Now  Toncoin is trading at $5.58, marking a 1.08% gain in the past 24 hours. Celestia (TIA) is priced at $5.31, reflecting a 2.34% rise during the same period. FreeDum Fighters ($DUM) is a politically themed crypt...

The meteoric rise of meme coin SPX6900 helped a savvy crypto trader turn a $153,000 investment into a staggering $6.44 million in just two months, securing a 42x return. The whale investor bought 7.793 million $SPX for $153k between July 31 and Aug. 15, Spot On Chain said in an Oct. 14 post on X. With 7.15 million $SPX tokens still in hand, the trader’s remaining holdings are valued at about $5.91 million. A whale with a $6.44M profit (42x return) is cashing out $SPX! Notably, the whale spent just $153K to buy 7.793M $SPX between Jul 31 and Aug 15. With the recent price surge, the whale began unloading $SPX 11 hours ago, totaling 793,092 $SPX ($687K) sold for 280.5 $ETH, leaving… pic.twitter.com/a0XNbedeMU — Spot On Chain (@spotonchain) October 14, 2024 SPX6900 (SPX) is an ERC-20 parody meme coin of the stock index S&P 500, which tracks the 500 largest companies in the US. The meme coin launched over one year ago and remained stagnant for about 391 days ...

After the years-long legal battle between Ripple and the United States Securities and Exchange Commission (SEC) finally concluded largely in the blockchain company’s favor, it has triggered discussions regarding the possibility of a spot XRP (XRP) exchange-traded fund (ETF).  As it happens, the conclusion of the protracted courtroom standoff has acted as a bullish event, not just for XRP, but for the cryptocurrency industry at large, sparking a flood of rumors that the market could see another crypto spot ETF after Bitcoin (BTC) and Ethereum (ETH) welcomed theirs. Indeed, taking into consideration the above factors, it would not be overly unreasonable to expect a launch of the first XRP spot ETF, at least according to the detailed Analysis shared by pseudonymous professional crypto trader Doctor Profit in an X post on August 8. Picks for you ...