☀️ A strong sun combined with strong winds will shine over Bitcoin in the next 24 hours, signaling bullish and volatile market conditions. As for Ether, Dogecoin and Uniswap, there will be 🌧️ drizzle lingering over them, indicating slightly bearish market conditions. 

⛅ Both Binance Coin and Ripple’s XRP will profit from a timid sun – a slightly bullish trend.

🌧️ Over a one-week time horizon, drizzle will linger over Bitcoin, Binance Coin, XRP and Dogecoin, while rain will be falling over Ether, Solana and Polkadot.

The trading signals available at 7:00 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 edge lower after last week’s bull run

The cryptocurrency trend was negative over the past 24 hours, mirroring the performance of leading stock market indices, following last week’s crypto rally. Investors are now eagerly waiting for the outcome of the US elections held in exactly two weeks as as there are no major macroeconomic data being released this week.

Crypto donors step up their pledges two weeks ahead of the elections

The pro-Bitcoin political action committee (PAC) Bitcoin Voter PAC launched crypto campaign ads supporting the Republican Texan Senator Ted Cruz, while the co-founder of Ripple Labs Chris Larsen announced he will donate an additional $10 million worth of XRP’s to the Democrat presidential candidate Kamala Harris.

“It's time for the Democrats to have a new approach to tech innovation, including crypto. I believe @KamalaHarris will ensure that American technology dominates the world, which is why I’m donating $10M in XRP in support of her,” Larsen said. He already donated $1 million worth of XRP back in August.

As for the CEO of Ripple, Brad Garlinghouse, he stressed that “Ripple will continue to engage with both Democrats and Republicans in the final days of the campaigns (and after the election) to promote pro-crypto policies. It’s not about party lines; it’s about championing policies that drive blockchain and crypto innovation.”

The price of Bitcoin fell 2 percent to $67,624 over the past 24 hours, after having traded as high as $69,146 over this period, Trading View’s Bitcoin chart shows.

Bitcoin open interest at all-time high

Meanwhile, Bitcoin futures open interest (OI) reached an all-time high above $40.5 billion on Monday, when its price nudged toward the psychological $70,000 threshold, data from Coinglass shows. OI equals the total number of outstanding futures contracts that haven’t expired. It’s a measure indicating the money flowing into the crypto market.

Solana staking now offered by US asset manager in EU only

VanEck now offers staking for its Solana exchange traded product to EU residents, the asset manager’s Head of Digital Assets Research, Matthew Sigel, said. The price of Solana fell 1.7 percent to $167 over the past 24 hours.

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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.