The crypto market today has made a comeback on its daily chart, with the market cap shooting up 4.89% to reclaim the $3 trillion mark. This bullish move has come ahead of the scheduled Crypto Summit. Despite the moonish numbers, the trade volumes went south by 20.30% since yesterday, highlighting caution among investors. The sentiments being bearish is also evident on the Fear & Greed Index, which stands at 30, cautioning about looming fear in the market.
Bitcoin Price Surges 6.23%
Bitcoin price has made a notable jump of 6.23% since yesterday, to retrieve its $92k milestone. Although the price took a step up, the trading volume dropped to $51.84 billion. BTC price rising up from its 24-hour low of $86,987.02 to current levels around $92k, has instilled faith among short-term traders.
Among the biggest gainers, MOVE recorded an impressive 26.02% jump to $0.4983, followed by ONDO with a gain of +21.94% and Bitcoin Cash with +19.99% price surge. On the losing end, Story IP fell 8.48%, while Mantra OM dipped 1.51%, and XDC Network sank by 0.36%.
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FAQs
1. How much does 1 Bitcoin cost today?
Bitcoin is currently priced at $92,328.10, marking a 6.23% increase in 24 hours.
2. Which token gained the most today?
MOVE token led the market with a 26.02% surge, followed by ONDO and BCH.
3. What is the current market sentiment?
The Fear & Greed Index stands at 30, indicating cautious market sentiment despite today’s rally.
Senator Elizabeth Warren (D-Mass.) is stepping into the spotlight with a new set of principles for regulating the crypto industry. As the top Democrat on the Senate Banking Committee and a well-known critic of digital assets, she’s pushing for stronger rules to protect the financial system from what she sees as growing risks in the crypto space.
Her announcement comes as a direct response to Republican lawmakers, setting the stage for a serious political showdown over crypto regulation in Washington.
Warren Pushes Back: No More Handouts for Crypto
Warren’s plan challenges the approach laid out by Senate Banking Chair Tim Scott (R-S.C.) and Senators Cynthia Lummis (R-Wyo.), Thom Tillis (R-N.C.), and Bill Hagerty (R-Tenn.). Their framework, introduced in late June, promotes innovation and lighter regulation.
“I’m concerned that what my Republican colleagues are aiming for is another industry handout that gives the crypto lobby everything on its wish list,” she is expected to say during a Senate hearing on Wednesday.
She warns that weakening financial regulations to favor crypto could undermine securities laws and create risks for the traditional financial system. According to Warren, crypto should not get special treatment, instead it should play by the same rules as the rest of the financial world.
Warren’s Key Priorities: Stability, Oversight, and Accountability
Warren’s framework centers on four key goals:
Protecting the financial system from instability
Enforcing anti-money laundering (AML) laws
Ensuring investor safety
Preventing public officials from using crypto for personal gain
She will also address concerns over “President’s crypto corruption“, highlighting President Donald Trump’s and his family’s ventures in stablecoins, meme coins, and bitcoin mining.
“If we’re going to provide rules of the road for crypto, we need to shut down this superhighway for presidential corruption at the same time,” Warren will argue.
Her approach is about tightening rules, not creating new ways for crypto insiders or politicians to benefit.
Republicans Say Innovation Must Come First
Meanwhile, Republican lawmakers are focused on encouraging innovation. Their framework calls for updated regulations that are “targeted” and “pro-innovation,” and suggests that financial agencies should be open to the growth of crypto.
Warren, however, believes this approach puts the industry ahead of investor protections and opens the door to future financial problems.
September Is the New Deadline
The Senate is preparing to introduce a broader crypto market structure bill. This comes after passing the GENIUS Act, which focuses on stablecoin regulation. That bill now heads to the House for review.
The upcoming market structure bill will deal with how oversight of the crypto industry is divided between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
Senators Scott and Lummis say they now aim to pass the full bill by the end of September, slightly later than their original August timeline.
Warren’s proposed framework brings a tougher stance to the crypto conversation, standing in sharp contrast to the Republican vision. Let’s see how this plays out.
The post Senator Warren Slams GOP’s Crypto Plan, Warns of ‘Presidential Corruption’ appeared first on Coinpedia Fintech News
Senator Elizabeth Warren (D-Mass.) is stepping into the spotlight with a new set of principles for regulating the crypto industry. As the top Democrat on the Senate Banking Committee and a well-known critic of digital assets, she’s pushing for stronger rules to protect the financial system from what she sees as growing risks in the …
Numerous crypto whales watch Litecoin (LTC) intently, with large accumulation patterns identified within the on-chain data. Recently, blockchain data showed a staggering 24-hour volume of transactions of 115.18M LTC with a total of 365,086 active addresses, and overall activity was high too.
Just as with activity, the Litecoin hashrate also reached an all-time high (ATH) of 2.53 TH/s with miner pricing increasing – we can see miner confidence returning with reasonable security and healthy miner incentives being returned to the network in terms of productivity.
As such, the question remains as large investors increase their holding of LTC: Will LTC be able to hit $140 in 2025?
Whales Couldn’t Shake The LTC Much
The increase in LTC Price to the $140 target is likely as the altcoin bounces back from its recent drop from the local peak of $112 in February. The LTC price rallied upwards before correcting and then bouncing back again. It seems like the pattern is repeating itself as the LTC price is now ready to tackle resistance at $104.
Once the LTC price flips this resistance level to support, there are no significant obstacles to halting the race to $140, which is the 38.2% Fibonacci retracement of the decline of LTC from the peak in May 2021 of $413 to the low in June 2022 of $40.
Litecoin On-Chain Data Also Shows Spikes, But No Impact Created
Understanding on-chain data shows important information regarding investor sentiment and market activity. Information shared by IntoTheBlock profiled the following on-chain metrics:
In the Money (Profitable Holders): 33.79% (25.81M LTC or ~$2.28B)
At the Money (Break-even Holders): 8.74% (6.67M LTC or ~$590.54M)
Out of the Money (Losing Holders): 57.47% (43.9M LTC or ~$3.89B)
Whale Transactions (>$100K): Surged 22% last month
Whale Strategy: Whale wallets holding 100K-1M LTC increased their holdings by +5.6%, indicating their confidence in price appreciation.
Despite 57.47% of LTC holders currently at a loss, the rise in whale accumulation and active addresses suggests a long-term bullish outlook. Large transactions exceeding $100K have spiked, indicating that institutional investors and crypto whales are accumulating LTC at key support levels.
Will LTC Reach $140 in 2025?
Growing speculation surrounding the potential for a Litecoin ETF is creating positive sentiment around LTC. Previously, news surrounding Bitcoin spot ETF approvals sparked bullish sentiment that key cryptocurrencies such as Ethereum and Litecoin may follow as their approvals are deemed likely.
Should Litecoin ETF be approved, it would allow for institutional investors’ regulated exposure, greater adoption of the crypto as an investment, and price appreciation.
Historically, ETF approvals have driven excitement and major price pumps, as seen in the approval of the Bitcoin ETF that sparked a rally. If approved, there is potential for LTC building on strong fundamentals, and with whales accumulating LTC, we could see the price push much higher over $140.
Although there is no timeframe for approval due to othe verwhelming demand for crypto ETFs and investment products, Litecoin’s long-term presence in the market may bode well for approval.
The anticipated price increase, if an ETF is approved, could go far beyond $140, creating LTC as a coin to watch whether it is approved or not.
The post Crypto Whales Are Buying Litecoin: Can LTC Hit $140 in 2025 ? appeared first on Coinpedia Fintech News
Numerous crypto whales watch Litecoin (LTC) intently, with large accumulation patterns identified within the on-chain data. Recently, blockchain data showed a staggering 24-hour volume of transactions of 115.18M LTC with a total of 365,086 active addresses, and overall activity was high too. Just as with activity, the Litecoin hashrate also reached an all-time high (ATH) …
Smart money investors have sold some popular cryptocurrencies during the ongoing crypto bear market. At the same time, on-chain data shows that these smart money pros are buying the dip in some cryptocurrencies. This article looks at some of the top altcoins to buy as smart money sells tokens like Solayer, AAVE, and Pi Network.
Smart Money is Selling Solayer, AAVE, and Pi Network
Third-party data shows that smart money investors have sold some tokens in the last 24 hours. These investors sold Solayer tokens worth over $7.3 million, Pi tokens worth $2.05 million, and AAVE coins worth $1.2 million.
They are selling Solayer because of profit-taking after soaring by almost 90% from its lowest point last week. AAVE and Pi Network selling is likely happening as these smart money investors anticipate more downtrend in the near term.
Top 3 Altcoins to Buy as Smart Money Investors Buy the Dip
Some of the top altcoins to buy as smart money investors accumulate are Virtuals Protocol (VIRTUAL), Arbitrum (ARB), and Pepe (PEPE).
Smart money is buying these tokens
Virtuals Protocol (VIRTUAL)
Smart money investors are buying the dip in the VIRTUAL price after it crashed by over 85% from its highest level this year. They accumulated tokens worth almost $950k in the last 24 hours.
The most likely reason for the purchase is that these smart money investors anticipate that it will do well during NVIDIA’s GTC event in California. Jensen Huang, the CEO, will be the keynote speaker and will likely unveil new AI solutions.
Therefore, these investors likely expect that the VIRTUAL price will bounce back because NVIDIA is the biggest player in AI. For one, it may do well if it is mentioned in the keynote since it is the biggest AI generator in crypto. VIRTUAL’s MACD has also formed a bullish divergence pattern on the daily chart.
VIRTUAL Price
Arbitrum (ARB)
Arbitrum is one of the top altcoins to buy as smart money investors accumulate. They bought ARB tokens worth $571k in the last 24 hours. One reason for their accumulation is that, like VIRTUAL, it has formed a bullish divergence pattern. The two lines of the MACD indicator have continued rising as the token falls. Similarly, the Relative Strength Index (RSI) has risen from the oversold level of 25 to 43. A bullish divergence is a popular bullish sign.
Arbitrum price chart
Pepe Coin (PEPE)
Smart money investors are buying Pepe, whose price has crashed by double digits from its highest level this year. Pepe coin has formed a bullish divergence pattern on the daily chart. It also formed a double-bottom pattern whose neckline is at its all-time high of $0.00002840. It also formed a falling wedge pattern, pointing to an eventual rebound.
Pepe Price Chart
Summary on the Top Altcoins to Buy
Bitcoin and most crypto prices remain in a deep bear market after crashing by over 20% from their local highs. This crash presents a good opportunity to buy quality tokens on the cheap. One way of doing this is to look at the actions of smart money investors. These sophisticated pros are now buying altcoins like Arbitrum, Pepe, and VIRTUAL.
