Monad (MON) soars 76% as mainnet launch sparks $1.2B trading surge

BCH was one of the top gainers last week, surging by over 11%. It registered its best performance on Friday, surging from $480 to $558. The altcoin is continuing its upward trend on Monday, as is the rest of the market. BCH recently tested its previous high, and investors expect a flip in the coming days. However, recent data shows that the buying pressure is not evenly spread across all altcoins as the altseason continues to slide amid the improvement in the prices of some assets. Nonetheless, other indicators are gradually flipping bullish. As of Monday, the average RSI and MACD show significant improvement compared to the previous week.  Based on these metrics, the next six days may be more promising for the crypto market. It is worth noting that since the government shutdown ended, the US authorities will begin releasing economic data. The market is gearing up for another volatile session, as Wednesday’s initial jobless claims and PCE are among the biggest events. However, the crypto market may experience a drop in volume on Thursday and Friday due to the US holidays. Away from the overview, let’s examine how some assets will perform in the coming days. BTC/USD Bitcoin is trading at $87k at the time of writing. It prints a red candle, the first of the week. However, the candle shows significant recovery from a slip to $86k.  The apex coin has a notable increase on Monday, surging from $85,225 to a high of $89,200. It ended with an almost 2% gain. Compared to the last three weeks, the asset is seeing considerable bullish action. The trend during this period has been a complete wipe of the previous day’s gains or a new low. Neither is taking place at the time of writing, suggesting better performance in the coming days. A previous analysis noted that indicators are gradually flipping bullish following the recent price improvement. The trend remains unchanged amid the latest decline; RSI remains above 30, and BTC continues trading above bollinger’s lower band. The apex coin may continue its surge on Wednesday and may experience its biggest increase in November if all economic data comes out positive. Previous price movements point to a possible retest of $93k. Breaking above this key level will mean trading above the 38% fib level. Its next target will be the 50% mark at $95k. Recent price action indicates an intense selling pressure at this barrier. XRP/USD XRP had its strongest start to the week on Monday, surging from $2.04 to $2.28 and closing with gains of almost 9%. However, the asset is experiencing a significant decline at the time of writing. It retraced to $2.15 earlier but rebounded. Its current candle shows a failed attempt at the previous day’s high. Nonetheless, it prints a doji, which may be considered a drop in selling volume compared to the last fourteen days. It is also worth noting that the altcoin broke above bollinger’s middle band on Monday. XRP is trading slightly below this metric at the time of writing.  However, the 1-day chart shows that the asset has traded above the middle band on multiple occasions. This may not be different as the coin will look to flip the $2.40 resistance. It is also worth noting that the further retracement remains high.  Trading action since Oct 24 showed increased selling pressure shortly after breaking the middle band. XRP may resume its downward movement if this happens. BCH/USD Bitcoin cash is having one of its biggest declines, dropping from $549 to a low of $516. Down by almost 5%, the asset is edging closer to registering its first loss of the week. However, this may cast a dark foreboding about price action in the coming days. Nonetheless, it is worth noting that the latest decline started after several days of breaking out of the bollinger bands. The asset traded below the middle band for an extended period before its uptrend. BCH is fast approaching the middle band. There’s a high chance it will flip the key level in the coming days. However, the sentiment around the crypto market is becoming increasingly positive. This may mean the buyback begins on Wednesday.  If this happens, the altcoin will break above the upper band again. It may surge as high as $580 in this week.  SUI/USD Sui is trading $1.50 at the time of writing. It prints doji as it grapples with reduced volume compared to the previous day. While it prints a red candle, it appears smaller than the ones recorded on the same days over the last three weeks.  However, the asset is down 2% from its opening price. On a weekly basis, it remains positive, having gained a whopping 11% on Monday. It is worth noting that the uptrend started on Sunday in response to being oversold. Nonetheless, SUI tested the previous day’s high but failed to break it like BCH. If the bullish sentiment across the market remains, the altcoin may resume its uptrend in the next 24 hours.  The bollinger bands shows room for further increases as the asset is trading a distance from the SMA. In recent times, the asset has tested, or come close to testing, the middle band after a significant rebound. If the trend repeats, the asset will attempt $1.70 before the week ends. TON/USD TON retraced to a low of $1.48 a few hours ago but rebounded. It is trading slightly higher at the time of writing and has held above $1.50 for most of the last 2 hours. The 1-day chart shows that the asset gained over 5% on Monday but ended the previous session below its peak. Price action on Tuesday is an extension of the last day’s selling pressure. The relative strength index was at 30 but is back below the mark as selloffs resume. RSI indicates the altcoin is currently oversold. It remains to be seen whether the asset will rebound or continue downward, as other indicators are silent. Nonetheless, in the event of further increases, TON will reclaim and test the $1.80 resistance. On the other hand, further decline may result in a plummet below $1.40. The post Top Five Cryptocurrencies to Watch: BTC, XRP, BCH, SUI, TON appeared first on CoinTab News.

The post Breaking: Metaplanet Stock (MTPLF) Gets Buy Recommendation & This Price Target appeared on BitcoinEthereumNews.com. MTPLF stock was just pegged by global investment bank Chardan, to attain a higher price target, according to Metaplanet CEO Simon Gerovich. Will this help bring a recovery in the stock price of the 6th largest Bitcoin treasury company as it faces short selling by financial giants such as JPMorgan, Morgan Stanley, and UBS? New York City-headquartered global investment banking firm Chardan Capital Markets started covering Metaplanet stock on September 19, giving a buy recommendation on the stock. The investment bank gave a price target of $9.90 (1455 JPY) for Metaplanet stock. The firm expanded its Bitcoin treasury to 20,136 BTC valued at over $2.3 billion after the last purchase of 1,009 BTC worth $112 million. Japan-listed Metaplanet stock price closed 14.72% higher at 608 JPY on Friday. This happened after the stock saw buying at dips as it has tumbled more than 70% since mid-June. Also, the firm has announced the creation of new subsidiaries in the US and Japan as part of its plan to continue scaling and growing its Bitcoin income generation business. The new subsidiaries are Metaplanet Income Corp., Bitcoin Japan Inc., and Bitcoin Japan Co., Ltd. This announcement followed the company’s recent completion of a “silent period.” CEO Simon Gerovich confirmed that it has received $1.4 billion from its international offering. The 24-hour low and high were 548 JPY and 608 JPY, respectively. Also, the 24-hour trading volume was massively higher at 157 million than the average of 39 million. However, the stock price is still down more than 30% in a month, as per Yahoo Finance. Meanwhile, MTPLF stock closed 2.72% lower $3.94 on Thursday. The stock is down 33% in a month. While Metaplanet is the most traded stock in the market, it also faced massive short positions. This became a concern for the…

In de Verenigde Arabische Emiraten is de regelgeving rondom crypto rigoureus aangescherpt. Met de invoering van Federal Decree Law No. 6 worden DeFi projecten, stablecoins, Web3 platforms, DEX’en en zelfs bridges voor het eerst officieel onder toezicht van de centrale bank geplaatst. De wet is op 16 september 2025 in... Het bericht Nieuwe wet in de VAE zet DeFi onder toezicht van centrale bank verscheen het eerst op Blockchain Stories.