• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Sunday, June 29, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

After Last Week’s Bullish Run, Cryptocurrency Market’s Trading Remains Same

Kyle Portman by Kyle Portman
October 31, 2022
in News
Reading Time: 4 mins read
0
bitcoin ethereum crypto news
Share on TwitterShare on Facebook

As long as Bitcoin and Ethereum hold support, cryptocurrency markets will continue to move sideways this week. Bitcoin is holding support reasonably well after increasing by more than 6% this week, with today’s trade volume up by more than 40%. Let’s examine recent news that has a bearing on the values of Bitcoin and Ethereum this week.

Key Notes:

  • Even if they are trading sideways today, cryptocurrency markets continued to hold support from the bull run last week.
  • In the most recent development in Ripple’s conflict with the SEC, Coinbase submits an Amicus Brief in support of Ripple.
  • Regarding cryptocurrency businesses and projects looking to attract institutional funding, Vitalik tweets his opinions.
  • The top 10 non-exchange addresses for Ethereum are still accumulating a lot of ETH.
  • Today’s trading volume has increased dramatically overall, leading to another bull run later this week.

General Market News

In the most recent Ripple vs. SEC litigation development, Coinbase officially supports Ripple Labs. In contending that the SEC’s case poses a threat to the sector as a whole, Coinbase joins a trade group and other organizations, according to a Coindesk report.

To shed light on many aspects of the dispute and influence the court’s decision, Coinbase has asked the court for permission to submit an amicus brief. This is not the first amicus brief that Coinbase has sent; most recently, they submitted one in favor of the Grayscale Spot ETF case against the SEC.

It’s obvious that Coinbase is taking a stand against the SEC’s overbroad laws, which appear to be treating the cryptocurrency industry unfairly in their most recent attempts to safeguard investors against crypto fraud and investment schemes. Cryptocurrency is well recognized for being the wild west. Therefore, investors should see any investments in the sector as high-risk bets.

In other news, Vitalik Buterin, the creator of Ethereum, expressed his opinions on Twitter on the speedy pursuit of institutional financing by cryptocurrency firms. On October 29th, Vitalik tweeted the following:

“Another maybe-controversial take of mine is that I don’t think we should be enthusiastically pursuing large institutional capital at full speed. I’m actually kinda happy a lot of the ETFs are getting delayed.”

Another maybe-controversial take of mine is that I don't think we should be enthusiastically pursuing large institutional capital at full speed. I'm actually kinda happy a lot of the ETFs are getting delayed. The ecosystem needs time to mature before we get even more attention.

— vitalik.eth (@VitalikButerin) October 30, 2022

When it comes to charging full speed at institutional and retail investors who bring capital and regulators who will try to more rigidly manage the markets and prevent big volatility, it’s always best to be cautious.

While many on Twitter concurred with Vitalik, some also pointed out that institutional money might be wishful thinking. Whether on purpose or not, the fact that Ethereum switched to a Proof-of-Stake mechanism exposed ETH transactions to regulation.

A year-long bear market that has caused investors and new traders to lose a sizable portion of their investment and authorities targeting the cryptocurrency industry make it evident that the sector is currently experiencing some difficult times.

Since its steep decrease before the September merging, Ethereum’s top 10 largest non-exchange addresses have been collecting the assets, according to statistics from Santiment; they have now added 6.7% more $ETH.

🐳 #Ethereum's top 10 largest non-exchange addresses have been accumulating assets after their big drop-off leading up to September's merge. They have added 6.7% more $ETH. Meanwhile, the top 10 exchanges are standing pat with just an 0.2% rise. https://t.co/h5CxDwOphX pic.twitter.com/msrrzvhB4P

— Santiment (@santimentfeed) November 1, 2022

Although the markets have been difficult, Bitcoin and Ethereum have had a very positive week, with BTC’s price rising by over 7% and ETH by 18%. A second bull run this week, with Bitcoin aiming to touch $21,000 and ETH aiming for $1,600, may also be hinted at by the rise in trade volume today.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse, NFT, A.I., Cybersecurity, Supercomputer, and Cryptocurrency news!

Image Source: maximusnd/123RF // Image Effects by Colorcinch

Tags: bitcoinEthereum
Previous Post

Top 4 Metaverse Marketing Strategies Your Brand Should Explore

Next Post

Best Growth Cryptos: Uniglo.io, Vechain, And Hedera

Related Posts

Solana Hits $145 Again But Could This Time Be Different
News

Solana Hits $145 Again But Could This Time Be Different?

June 29, 2025
Featured

Binance Stands by XRP as Others Pull Back

June 29, 2025
Featured

XRP Jumps as Ripple Wins Legal Fight

June 28, 2025
Trump to Save Crypto: New Order May End Banking Discrimination
News

Trump to Save Crypto: New Order May End Banking Discrimination

June 25, 2025
Why Ethereum 6-Second Block Time Might Change Everything
News

Why Ethereum 6-Second Block Time Might Change Everything

June 24, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025

Press Releases

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

by Alex Mercer
June 24, 2025

Introduction If you blinked, you might’ve missed Jupiter’s brief moment in the spotlight. The DAO behind the once-buzzy token has...

Read more
Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

June 19, 2025
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier