CryptoMediaClub
Sunday, October 26, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Bitcoin Failed at $27K but There’s a Surprising Winner This Week (Market Update)

22.09.2023
A A
0
119
VIEWS
ShareShare

Bitcoin’s price increased by a little less than 1% in the past seven days. The week was, overall, positive for the industry as the total market capitalization approaches the $1.1 trillion cap.

The biggest news of the week is undoubtedly the US FOMC meeting that happened on Wednesday.

According to the official announcement, the central bank took the decision to maintain the target range for the federal fund rate at 5-1/4 to 5/12 percent. The statement also noted that job gains have slowed but also that they remain elevated altogether. The unemployment rate in the country is also reported as low, while the inflation remains above its target.

Bitcoin’s price didn’t react to the news and remained flat. All in all, it couldn’t initiate a leg-up, although it did try to poak above $27K on a few occasions. Every time the price increased above that level, though, bears were quick to intercept and push it back down.

Some altcoins saw action. Namely, this week’s top performer was Toncoin (TON). It’s up a whopping 17% in a market where the second-best performer is up 3.7%. This is Ripple’s XRP.

Thanks for subscribing, you will get your first report in the next hours!

Interestingly enough, for XRP, it also became the most-traded altcoin across US-based exchanges. This is a very curious fact, given that most of them had delisted it until July when a Judge ruled that secondary XRP sales are not securities. This is when Coinbase, amongst a bunch of other exchanges, re-listed it, and the volumes skyrocketed.

All in all, the week was exciting, but Bitcoin failed to capitalize on the momentum and is trading more or less where it was this time last week. It’s curious to see if the next seven days will be any different.

Market Data

Market Cap: $1.09B | 24H Vol: $44B | BTC Dominance: 47.4%

BTC: $26,644 (+1.5%) | ETH: $1,597 (-1.5%) | BNB: $210 (-0.6%)

Polygon 2.0: Everything You Need to Know About 3 PIPs and Phase 0. The three proposals for improvement that were unveiled earlier this week seek to enhance Polygon’s network in a way that would supposedly have a significant impact on the entire ecosystem.

Judge Denies Sam Bankman-Fried’s Pre-Trial Release. After having his bail revoked earlier, the founder of the failed FTX exchange made yet another unsuccessful bid to gain temporary freedom. However, the judge didn’t grant it to him once again.

Bitcoin Non-Whale Addresses Now Own Over 41% of Supply: Data. Smaller Bitcoin wallets, which are typically associated with retail investors and market participants, have reached a historic milestone, owning over 41% of the total supply.

Bitcoin Network Faces Congestion with Over 470,000 Pending Transactions. Bitcoin’s network is facing historic levels of congestion. This means that there’s a huge backlog of unconfirmed transactions. To be precise, their number is just shy of half a million. This has happened only once before, and it has become a massive friction point in the community on whether it’s good or bad.

Mt. Gox Rehabilitation Trustee Extends Repayment Deadline Again. Nobuaki Kobayashi, the trustee of Mt.Gox’s bankruptcy proceeding, has granted an extension for repaying creditors. The delay is for one year. The saga is now going on for many years, and it’s interesting to see when it will finally unfold.

Ripple (XRP) Becomes the Top Traded Altcoin on US Crypto Exchanges. Since the partial victory of Ripple against the United States Securities and Exchange Commission, many exchanges relisted XRP. The cryptocurrency has subsequently become the top-traded altcoin across US exchanges.

Charts

This week, we have a chart analysis of Ethereum, Ripple, Cardano, Solana, and Binance Coin – click here for the complete price analysis.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.

Share9Tweet6ShareSharePin2

Related Posts

Snorter Bot Token Burns Half of Supply in Boost For Presale Buyers, 3 Days Before Launch
All news

Snorter Bot Token Burns Half of Supply in Boost For Presale Buyers, 3 Days Before Launch

26.10.2025
0

With just three days to go before launch, Snorter Bot Token (SNORT) has burned half of its supply in a...

Read moreDetails
Rumble to Launch Bitcoin Tipping for 51 Million Users in Partnership With Tether

Rumble to Launch Bitcoin Tipping for 51 Million Users in Partnership With Tether

26.10.2025
SpaceX Moves $133 Million in Bitcoin Across Wallets, Arkham Data Shows

SpaceX Moves $133 Million in Bitcoin Across Wallets, Arkham Data Shows

25.10.2025
Trump Poised to Nominate Michael Selig as Next CFTC Chair: Bloomberg

Trump Poised to Nominate Michael Selig as Next CFTC Chair: Bloomberg

25.10.2025
Bitcoin Price Prediction: Q4 Rally at Risk as Massive Long Liquidations Drive BTC Below Key Support

Bitcoin Price Prediction: Q4 Rally at Risk as Massive Long Liquidations Drive BTC Below Key Support

25.10.2025
Load More
Next Post
Bitcoin fails to recoup post-Fed losses as $20K BTC price returns to radar

Bitcoin fails to recoup post-Fed losses as $20K BTC price returns to radar

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Models Show Ethereum Promise Even After This Weeks 12% Decline

Models Show Ethereum Promise Even After This Weeks 12% Decline

10 months ago
Shiba Inu Price Prediction as SHIB Overtakes Bitcoin Cash – $1 SHIB Possible?

Shiba Inu Price Prediction as SHIB Overtakes Bitcoin Cash – $1 SHIB Possible?

2 years ago
Enterprise Answer for Asset Custody and Tokenization Launched on Solana

Enterprise Answer for Asset Custody and Tokenization Launched on Solana

8 months ago
Cardano Price Prediction: Falling Wedge Breakout + Whale Surge – ADA About to Have a Solana-Style Breakout

Cardano Price Prediction: Falling Wedge Breakout + Whale Surge – ADA About to Have a Solana-Style Breakout

1 month ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Trump Poised to Nominate Michael Selig as Next CFTC Chair: Bloomberg

Bitcoin Price Prediction: Q4 Rally at Risk as Massive Long Liquidations Drive BTC Below Key Support

Ethereum Price Prediction: Market Cap Resistance at $3,930 – What’s the Key Catalyst?

The 5 unbelievable crypto comeback stories that changed the world forever

XRP Price Prediction: Why Softer U.S. Inflation Data Could Accelerate Run to $2.80

Crypto.com Wants a National Trust Bank License – What Would a Federal License Really Change?

Trending

Snorter Bot Token Burns Half of Supply in Boost For Presale Buyers, 3 Days Before Launch
All news

Snorter Bot Token Burns Half of Supply in Boost For Presale Buyers, 3 Days Before Launch

26.10.2025
0

With just three days to go before launch, Snorter Bot Token (SNORT) has burned half of its...

Rumble to Launch Bitcoin Tipping for 51 Million Users in Partnership With Tether

Rumble to Launch Bitcoin Tipping for 51 Million Users in Partnership With Tether

26.10.2025
SpaceX Moves $133 Million in Bitcoin Across Wallets, Arkham Data Shows

SpaceX Moves $133 Million in Bitcoin Across Wallets, Arkham Data Shows

25.10.2025
Trump Poised to Nominate Michael Selig as Next CFTC Chair: Bloomberg

Trump Poised to Nominate Michael Selig as Next CFTC Chair: Bloomberg

25.10.2025
Bitcoin Price Prediction: Q4 Rally at Risk as Massive Long Liquidations Drive BTC Below Key Support

Bitcoin Price Prediction: Q4 Rally at Risk as Massive Long Liquidations Drive BTC Below Key Support

25.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz