U.Today — Here are the top three stories of the day, presented by U.Today.
(BTC) Hits $40,600 in Historic Price Crash
A critical warning about Bitcoin was recently issued by on-chain analyst Ali Martinez. In his September 4 post X, Martinez shared a two-month chart for the largest cryptocurrency, stating that the TD Sequential indicator shows a sell signal “pending a correction.” According to the analyst, if Bitcoin loses the key support level of $51,000, it could fall to a low of $40,600. While the market has seen several price corrections in recent months, a drop below $51,000 could significantly impact BTC and potentially have repercussions for the broader market. At the time of writing, Bitcoin is trading at $54,630, down 3.54% in the past 24 hours, according to CoinMarketCap.
may start to form a “death cross” signal
XRP appears to be heading towards forming a death cross, a bearish signal that occurs when the 50-day moving average crosses below the 200-day moving average. This pattern usually indicates a significant trend change, potentially leading to increased selling pressure. XRP is currently trading around $0.52, struggling to maintain these levels; if it fails to gain bullish momentum, it could fall to $0.50 or even lower. Given the current market conditions and ongoing regulatory concerns, investors are becoming more cautious, which could lead to more selling. Overall, technical signs suggest a keen decline could be on the horizon, especially if XRP breaks through key support levels.
(SHIB) Launches New Portal to Help Developers
In a recent post, X, Lucie, Shiba Inu Marketing Lead and a prominent member of the SHIB community, shared an article dedicated to the ShibDev portal, “a key tool that enables developers to build on Shibarium.” As stated in the article, the portal offers a wide range of developer tools that will facilitate innovators build decentralized applications (dApps) more easily. The main features of the ShibDev portal include a centralized dashboard, API key management, node access, on-chain data access, and a test token faucet. This portal is helpful for both experienced and novice developers in the SHIB ecosystem, as it offers detailed documentation to guide them. Additionally, the ShibDev portal supports various apply cases, including DeFi, NFTs, games and virtual worlds, social networks, DAOs, and identity verification.
