🌞 Tropical trading conditions will prevail over Bitcoin over the next 24 hours, indicating clearly bullish market conditions, while a timid sun – slightly bullish market conditions – will shine over Ether, Ripple’s XRP, Binance Coin and Avalanche. A stronger sun will shine over Cardano, Uniswap and Dogecoin – translating into a bullish trend.

☀️ Over a one-week time horizon, the forecast is mixed with Binance Coin profiting from a strong sun, ⛅ Dogecoin from a timid sun and rain 🌧️ sweeping over Litecoin and Cardano, signaling a bearish trend. XRP will face a clearly bearish trend – stormy winds.

The trading signals available at 6:55 CET are the basis for the projections mentioned above. Please check whether ATTMO's signals have changed since then, before making an investment decision.

Cryptocurrencies trade mixed, with Bitcoin at $63,780 following a stellar September

The cryptocurrency trend was mixed over the past 24 hours ahead of the release of the latest US production figures and following the release of weak Chinese macroeconomic data. Bitcoin fell but still managed to close September with a robust 8.9 percent gain, defying its reputation as a historically weak month for the cryptocurrency.

“BTC may continue to trade within its current range, as historically, significant profit-taking transactions have occurred at these levels. However, we maintain a positive medium-term outlook. A breakout above 70k could trigger further upside momentum,” the Singapore-based crypto firm QCP Capital reports.

The price of Bitcoin fell 1 percent to $63,780 over the past 24 hours, Trading View’s Bitcoin chart shows.

The CEO of CleanSpark, Zach Bradford, nevertheless remains bullish. The head of the American Bitcoin miner predicts that Bitcoin’s price could potentially reach $200,000 within the next 18 months, Decrypt quotes him as telling the asset manager Bernstein in an interview.

Bradford believes the outcome of the US presidential elections next month will bring stability and support Bitcoin’s price trajectory. “It’s less about who wins and more about the election being over, which brings certainty,” he is quoted as saying.

Inflows into crypto investment products for 3rd consecutive week

Crypto investment products recorded weekly inflows for the third consecutive week, driven by the Federal Reserve’s 50 basis point interest rate cut on Sept 18, as well as the approval of options for certain US-based investment products, according to CoinShares weekly report.

Inflows into Bitcoin products totalled $1 billion while “Ethereum broke its 5-week negative spell, with inflows of US$87m, the first measurable inflows since early-August,” the asset management platform added.

BlackRock’s Head of Digital Assets, Robert Mitchnick noted that it is normal that the 10 spot Ether exchange traded funds (ETFs) have attracted far less trading flows and assets than their Bitcoin equivalents. “I think the investment story and narrative is a bit less easy for a lot of investors to digest, so that’s a big part of why we’re so committed to the education journey that we’re on with a lot of our clients,” Mitchnick is quoted as saying by Fortune.

The price of ETH was unchanged at $2,632 over the past 24 hours.

Binance lists EigenLayer as of today

Binance, Bitfinex and other major crypto exchanges will as of today list the tokens of EigenLayer (EIGEN), an Ethereum-based blockchain protocol used for restaking Ether. Read more about restaking here)

EIGEN tokens, which were airdropped to early users in May, will be traded in pairs, with Bitcoin and Tether for example. EigenLayer is currently the largest and most renowned restaking platform, with an 80 percent market share.

The price of Binance Coin put on 0.3 percent to $580 over the past 24 hours.

Sui bridge on Ethereum’s mainnet now operating

The Sui Foundation successfully launched the Sui Bridge on Ethereum’s mainnet, enabling secure asset transfers between Sui and Ether. “The launch of Sui Bridge on Mainnet is an early step in realizing the broader vision for interoperability on Sui. Looking forward, Sui Bridge will expand asset support and eventually add unique functionality to accommodate a wide range of use cases,” the Sui Foundation said. The price of Sui Crypto rallied 9.4 percent to $1.91 on the news.
Trump’s World Liberty Financial now onboards all investors, excluding most US residents

World Liberty Financial (WLFI), the decentralized finance (DeFi) platform backed by Donald Trump, opened its whitelists yesterday. These whitelists are open to accredited US investors as well as non-US residents.

“Due to outdated policies and regulations in the US, one whitelist is limited to accredited US investors and another for all non-US persons. We’re fighting for changes so all Americans can access World Liberty Financial and join the financial revolution,” WLFI said. “We plan for all Americans to be able to use this platform in the future, giving everyone access to the tools and opportunities that have been restricted for far too long.”

It remains unclear what WLF exactly will offer.

Ohio Senator proposes bill to allow some tax payments in cryptocurrency

Niraj Antani, the Republican Ohio senator, yesterday introduced a bill that would require the state of Ohio and all its local subdivisions to accept cryptocurrency as a form of payments for state and local taxes and fees. “Cryptocurrency is not just the future, but it’s the present of our 21st century economy,” he said.
Taiwanese professional investors soon able to invest in foreign crypto ETFs

Taiwan’s Financial Supervisory Committee (FSC) recommends that professional investors be allowed to invest in foreign crypto ETFs “in order to provide investors with a variety of product options and enhance the momentum of China's securities firms' entrustment business.”

The FSC defines professional investors as institutional investors, high-net-worth investment legal persons, high-asset individuals, legal persons or funds that qualify as professional investors, as well as individuals who meet the criteria for professional investors.

Crypto exchanges hit by over $2 billion in hacks this year, fueling security concerns

Centralized and decentralized crypto exchanged have lost over $2.1 billion to hacks and other security breaches so far this year, surpassing the total losses for all of 2023, Bitcoin.com reports citing the crypto Web3 security firm Cyvers.

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DISCLAIMER

ATTMO, a weather-inspired AI tool, makes cryptocurrency predictions. It also forecasts longer-term cryptocurrency trends. These forecasts are not trading advice; they are only decision support tools. They do not include information that is specific to the user; in particular they do not account for their personal risk appetite or market assessment. The forward-looking weather-inspired predictions part of this report may have changed by the time you read this edition of ATTMO Times. So always check the latest ATTMO predictions before making any investment decision.