ETH is now larger than some of Wall Street’s biggest players, including Wells Fargo and Morgan Stanley, as well as payments giant American Express.

Ethereum the Giant
Ethereum’s (ETH) market capitalization reached $200 billion yesterday, for the first time in its history.

The giant valuation comes after the industry’s second cryptocurrency soared to a new all-time high of $1752.05, according to CoinGecko data. Source link

Ethereum broke the $1,500 resistance and traded to a new all-time high at $1,697 against the US Dollar. ETH price is correcting gains, but dips are likely to be limited in the near term.

Ethereum is up over 10% and it traded to a new all-time high near $1,697.
The price is now trading well above $1,600 and the 100 hourly simple moving average.
There is a crucial bullish trend line forming with support near $1,640 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely to continue higher towards $1,720 as long as it is above $1,640. Source

The billionaire investor, Shark Tank personality, and Dallas Mavericks NBA team owner, Mark Cuban; took a few hours to share his knowledge in an AMA with members of the r/WallStreetBets subreddit. He touched on several topics, mostly relating to the collapse of the stock pumping movement and the blockchain industry’s potential.

Mark Cuban may have several decades of Wall Street experience, but judging him for what he said on the AMA, he is currently standing on the side of the retail traders. He thanked the community for getting the movement going and assured them they could change the markets’ financial history. Source

The Bitcoin whipsaw continues as it failed to break the marked bearish triangle’s upper angle and immediately dropped by $2000 to hit the $32,500 support, provided by a .382 Fibonacci Retracement level.

The outlook for Bitcoin looked promising on Friday following the tweet by Elon Musk. BTC price managed to break out to the bullish side of the descending triangle pattern. However, this breakout was short-lived and turned into a fake-out as the coin failed to close a 4-hour candle above $37,200. This sent Bitcoin crashing back into the triangle yesterday.

Today, the momentum hadn’t changed, as Bitcoin started the day by attempting to break the triangle’s upper angle, at around $34,200, but could not sustain. As a result, Bitcoin went on to drop beneath the $33,000 level and continued as low as $32,190, as of writing these lines. Source link

Bitcoin has witnessed some massive selling pressure throughout the past day that has erased all the gains that came about as a result of the “Elon Musk” pump a few days ago
The selling pressure seen has come from a combination of spot and derivatives, with investors generally going risk-off
It remains unclear what the cause of this could be, but it may be a combination of technical weakness as well as turbulence within the traditional market
One analyst is now noting that there’s a strong possibility further downside is imminent for the entire market
He is pointing to the cryptocurrency’s January low as the next level he is closely watching, with a bounce here potentially allowing for massive upside. Source link

Binance Australia, announced its partnership with Blockchain Australia on September 25, stating that it will enhance the blockchain adoption in the country. It is to be noted that, as a partner of Blockchain Australia, Binance Australia will work alongside several other local industries in order to improve the adoption of blockchain...

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KuCoin, one of the largest crypto exchanges, was hacked on September 26. The exchange has not revealed the exact information about this hack but it is specified that around $150 million funds have been moved out of the exchange in this hack. All the funds have been transferred to an...

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