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Bitcoin’s (BTC) recent rally and new all-time high beyond $126,000 are starting to show signs of overheating on Thursday, October 9, as the daily technical picture flashes historically fairly reliable indicators of a coming correction.  Namely, the Tom DeMark (TD) Sequential, which identifies potential reversals by counting consecutive price bars, rose to 9 on the cryptocurrency’s 24-hour chart.  This parameter, as on-chain crypto analyst Ali Martinez notes, has been quite accurate this year, as the same value presaged a 7% pullback in July and a 13% drop in August. What’s more, Martinez’s Analysis further suggests that the relative strength index (RSI) of 74.21 is likewise implying that “digital gold” is in the overbought zone. At the same time, the +100 reading on the Chande Momentum Oscillator (CMO), a market momentum measurement that oscillates between -100 and +100 and often peaks just before market reversals, adds further support to the argument. ...

The KRW1 stablecoin launch marks a pretty significant milestone for South Korea’s digital asset sector right now, with Seoul-based BDACS introducing what is the first fully operational won-pegged stablecoin on the Avalanche blockchain. This particular won-backed stablecoin Features real-time proof of reserves, which addresses some transparency concerns while the country is preparing comprehensive stablecoin regulations for October. KRW1 Stablecoin Launch: Avalanche, Won-Backed Collateral & Proof-Of-Reserves KRW1 stablecoin Avalanche launch announcement – Source: BDACS BDACS announced the KRW1 stablecoin launch on September 17, and this came after they conducted a successful proof-of-concept with Woori Bank. Each KRW1 token actually maintains 1:1 collateralization with Korean won that they hold in escrow, along with real-time proof of reserves providing continuous verification through API integration. BDACS selected the Avalanche blockchain for its security capabilities and ...

Toncoin’s (TON) price has faced a substantial price drop over the last year. According to CoinGecko data, TON’s price has fallen by more than 40% since September 2024 and 62.5% since its all-time high of $8.25, which it attained in June of last year. TON is currently down by 0.7% in the daily charts, 1.1% in the weekly charts, 2.4% in the 14-day charts, and 7.8% over the previous month. Let’s discuss if you should worry about TON’s dwindling price. Source: CoinGecko What’s Behind Toncoin’s Massive Price Drop? Source: Asia Crypto Toncoin (TON) climbed to a peak of $8.25 in June of last year amid a bullish market sentiment. The asset has lost substantial steam over the last few months. TON’s lackluster performance could be due to the general bearishness that loomed over the crypto market over the last few months. Some crypto assets, such as Bitcoin (BTC), Ethereum (ETH), BNB, and XRP, climbed to new all-time highs earlier this year. However, other...

Bitcoin (BTC) is the best-performing asset of the last decade and a half. The asset’s price went from $1 in 2011 to more than $124,000 in 2025. Tech stocks and commodities are not even in the same ballpark. While the asset’s growth has been monumental, many anticipate the original crypto to eventually breach the seven-digit price figure. Let’s look at three industry experts who believe Bitcoin will hit $1 million. Cryptocurrency Experts Predict Bitcoin’s Rise to $1 Million Source: Watcher.Guru Coinbase CEO Brian Armstrong shared a clip on X of his recent interview with Stripe. In the interview, Armstrong stated that he believes Bitcoin will hit the $1 million mark by 2030. Armstrong cites US regulatory clarity, the US government’s Bitcoin reserve, and the growing interest in crypto-based ETFs for his bullish outlook. I think we'll see $1M per bitcoin by 2030. Regulatory clarity is finally emerging, the US government is keeping a BTC reserve, there's a growi...

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Dogecoin (DOGE) is facing a steep price correction. The memecoin is trading in the red zone in nearly all time frames. DOGE’s price is down 1.6% in the daily charts, 13.6% in the weekly charts, 12.9% in the 14-day charts, and 21.7% over the previous month. Despite the massive pullback, the memecoin has risen by 40.4% since June 2024. Source: CoinGecko Why Dogecoin Could See A Recovery Soon Source: Watcher.Guru According to X user “Trader Tardigrade,” DOGE’s average directional index (ADX) seems to mirror its 2020 pattern. DOGE was trading at around $0.004 by the end of 2020. The original memecoin’s price skyrocketed to an all-time high of $0.7316 by May 2021. The rise represents a rally of about 18,175%. If DOGE experiences a similar rally, its price could surge to $31.25. #Dogecoin's weekly Average Directional Index (ADX) shows a lower low following two tops in the mid-zone. This pattern mirrors ADX behavior just before significant moves in 2020 $Doge/W1 p...

The new “credit currency” will allow users to rely on cryptocurrencies as collateral without needing to obtain loans from other institutions. Crypto futures exchange OPNX has launched a credit currency for margin trading , according to a July 5 statement made to Cointelegraph from the exchange’s co-founder, Mark Lamb. Called “oUSD,” the currency is available in its “phase 1” iteration, meaning that users cannot receive it without depositing crypto assets into the exchange.  In a future “phase 2” version, the platform intends to make oUSD available to users who deposit crypto into on-chain contracts to allow for possible “bankruptcy remoteness,” Lamb stated. In the currency’s litepaper, oUSD is identified as a solution to three problems. First, lenders do not want to trust platforms to hold cash loans backed by crypto collateral. Second, exchanges and lending platforms don’t want to lend cash to margin traders, as this practice led to multiple bankruptcies during the 2022 bear mar...