☀️ A strong sun will shine over Bitcoin and Uniswap in the next 24 hours, signaling bullish market conditions, while drizzle will prevail over Ether and Ripple’s XRP. This indicates a slightly bearish trend. 🌧️ Rain, translating into a bearish trend, will fall over Binance Coin.

🌧️ Over a one-week time horizon, drizzle will linger over Bitcoin, while a timid sun ⛅ will shine over Ether, Solana, XRP and Cardano. 🌩 Stormy trading conditions, a clearly bearish trend, will sweep over Binance Coin.

The trading signals available at 7:05 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 ahead of US inflation figures

The cryptocurrency trend was negative over the past 24 hours, as investors await the release of US inflation figures tomorrow.

“We foresee near-term downside risk for equities due to upcoming earnings season and CPI release, which may challenge their lofty valuations. Geopolitical tensions further complicate the outlook,” the Singapore-based crypto firm QCP Capital reports.

The price of Bitcoin fell 0.6 percent to $62,374 over the past 24 hours, Trading View’s Bitcoin chart shows. An HBO documentary, released overnight, speculates that the software developer Peter Todd may be the person behind Satoshi Nakamoto, the pseudonym credited with creating Bitcoin in 2008. Todd has publicly denied these claims.

Cryptocurrencies edge lower ahead of US inflation figures

The cryptocurrency trend was negative over the past 24 hours, as investors await the release of US inflation figures tomorrow.

“We foresee near-term downside risk for equities due to upcoming earnings season and CPI release, which may challenge their lofty valuations. Geopolitical tensions further complicate the outlook,” the Singapore-based crypto firm QCP Capital reports.

The price of Bitcoin fell 0.6 percent to $62,374 over the past 24 hours, Trading View’s Bitcoin chart shows. An HBO documentary, released overnight, speculates that the software developer Peter Todd may be the person behind Satoshi Nakamoto, the pseudonym credited with creating Bitcoin in 2008. Todd has publicly denied these claims.

Bitcoin at $200,000 regardless outcome of US presidential election - Standard Chartered

Bitcoin is set to reach $200,000 by the end of next year, irrespective of the outcome of the US elections, the Global Head of Digital Assets Research at Standard Chartered, Geoffrey Kendrick predicts, according to Decrypt. He additionally forecasts that Solana will outperform Ether next year conditional on a Republican victory.

“Solana is currently richly valued compared to Ethereum across all backward-looking metrics,” he is quoted as saying. Ether could nevertheless rise to $10,000 if Trump wins and to $7,000 under Harris. The price of ETH is currently far lower, putting on 0.5 percent to $2,447 over the past 24 hours.

Binance’s latest proof of reserves made public

Binance issued its 23rd proof of reserve, enabling user to check that their funds are safe and held 1:1 within the crypto exchange. Users’ Bitcoin assets are down 1.6 percent at 596,000 on October 1 compared to a month earlier, while Ether assets are down 1.4 percent at 4.43 million, Wu Blockchain reports. The price of Binance Coin rose 1.8 percent to $579.5 over the past 24 hours.

Active addresses on Solana hits all-time high above 100 million

The number of monthly active addresses operating on the Solana blockchain for the first time exceeded 100 million in September, SolanaFloor said. The price of Solana dropped 0.3 percent to $144 over the past 24 hours.
Another asset manager files for listing of XRP ETF

Canary Capital follows in the footsteps of Bitwise and yesterday filed an application with the Securities and Exchange Commission (SEC) for the listing of a spot XRP exchange traded fund (ETF). The price of XRP was unchanged at $0.53.

US regulator warns Crypto.com about pending lawsuit

The SEC issued a Wells Notice to Crypto.com warning about its intent to file a lawsuit against the exchange for failing to register as a broker-dealer. The crypto exchange countered with its own lawsuit against the regulator, challenging SEC's stance.

“We are doing so to protect the future of the crypto industry in the U.S., joining a series of our peers who are actively defending themselves and taking action against a misguided federal agency acting beyond its authorization under the law,” Crypto.com said in a statement.

“Specifically, our lawsuit contends that the SEC has unilaterally expanded its jurisdiction beyond statutory limits and separately that the SEC has established an unlawful rule that trades in nearly all crypto assets are securities transactions no matter how they are sold, whereas identical transactions in bitcoin (BTC) and ether (ETH) are somehow not,” the crypto exchange added.

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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.