Posted on Leave a comment

XRP News Today: Trade War Triggers Flash Crash as ETF Hopes Offer a Lifeline – FXEmpire

US President Trump announced an additional 100% tariff on Chinese shipments, triggering a flash crash. XRP plunged to a session low of $0.7745 before reclaiming the $2.3 handle.
President Trump reacted to China’s plans to introduce export controls on rare earth minerals, effective November 1, stating:
“Based on the fact that China has taken this unprecedented position, and speaking only for the U.S.A., and not other Nations who were similarly threatened, starting November 1st, 2025 (or sooner, depending on any further actions or changes taken by China), the United States of America will impose a Tariff of 100% on China, over and above any Tariff that they are currently paying. Also on November 1st, we will impose Export Controls on any and all critical software.”
The effective date is crucial given that President Trump and China’s President Xi are to meet at the APEC Summit, October 31 to November 1.
Notably, XRP and the broader market’s rebound from session lows suggest optimism over the US and China avoiding a full-blown trade war. However, traders will likely be nervous in the coming days. Further measures from China and tit-for-tat tariff hikes could dampen optimism for a potential Trump-Xi deal.
Beyond the crypto market, the Nasdaq Composite Index tumbled 3.56%, while gold gained 1%.
While a full-blown US-China trade war hit risk assets, the expected launch of XRP-spot ETFs provided much-needed support.
XRP-spot ETF issuers continued to file S-1 amendments on Friday, October 10, signaling an imminent launch. Bitwise Asset Management filed an S-1 amendment for the Bitwise XRP ETF.
Since approving the Generic Listing Standards (GLS) for Commodity-Based Trust shares, the SEC must approve the S-1s for issuers to launch spot ETFs. ETF issuers previously withdrew their 19b-4s at the SEC’s request, removing the review process and final decision deadlines.
The US government shutdown will extend to Tuesday, October 14, and potentially further. The Senate is due to return on October 14, with 60 votes needed to pass a stopgap funding bill. A government reopening would likely raise expectations of imminent ETF approvals, potentially triggering a wave of institutional demand.
The US government shutdown and latest tariff announcement have sent XRP crashing from $3.1027 (October 2) to $2.3628 (October 11), a 24% loss. Analysts expect XRP to strike new highs on the launch of the spot ETFs.
An XRP-spot ETF launch could come at a pivotal time, given Trump’s recent Executive Order permitting 401(k) investors to access alternative assets, such as crypto.
Financial advisors are also opening their doors to crypto. Vanguard recently reversed its stance, with plans to offer crypto access through its brokerage platform. On Friday, October 10, Morgan Stanley expanded its investment offerings to include BTC-spot ETFs, underscoring growing demand for crypto.
The US banking giant will reportedly offer crypto funds to all clients. Previously, the bank restricted access to investors with aggressive risk tolerances and at least $1.5 million in assets.
Vanguard and Morgan Stanley’s shifts in policy further legitimize digital assets, potentially boosting adoption.
XRP tumbled 15.3% on Friday, October 10, following the previous day’s 2.64% loss, closing at $2.3753. The token underperformed the broader market, which slid 9.38% and traded below the 50-day and 200-day Exponential Moving Averages.
Traders are watching the following technical levels:
In the coming sessions, several key scenarios could drive near-term price trends:
Bearish Scenario
These bearish scenarios could drag XRP toward $2.3, exposing the $2 support level.
Bullish Scenario
These bullish scenarios could send XRP to $2.5, enabling the bulls to target $2.8. A sustained move through $2.84 could bring $3 into play.
Despite October’s meltdown, several price catalysts could send XRP to new highs. Spot ETF launches and the Senate passing the Market Structure Bill could fuel broader demand from retail and institutional investors. However, extended delays to XRP-spot ETF launches and legislative setbacks would likely weigh on sentiment.
Given the market focus on spot ETFs, an October launch will be crucial. If the government reopens on Wednesday, October 15, the SEC could potentially approve the S-1s within 10 days. However, if the shutdown extends beyond October 20, issuers may face delays until November.
Analysts will closely monitor how regulatory risks influence XRP’s price outlook in the coming weeks.
With over 28 years of experience in the financial industry, Bob has worked with various global rating agencies and multinational banks. Currently he is covering currencies, commodities, alternative asset classes and global equities, focusing mostly on European and Asian markets.
NASDAQ Index, SP500, Dow Jones Forecasts – Stocks Retreat As Traders Prepare For U.S. – China Trade War
Gold (XAU/USD) Price Forecast: Bulls Defend Near Record Highs
Natural Gas Price Forecast: Sellers Drive Prices Toward Key Support
Natural Gas News: Futures Sink Below Key Support as Bearish Inventory Report Hits
US Dollar Forecast: DXY Pulls Back as Trump Tariff Threat Hits Market Confidence

source

Posted on Leave a comment

Crypto News: Trump’s Tariff Threat to China Leads to Bitcoin Dip Below $120K – livebitcoinnews.com

We participate in marketing programs, our editorial content is not influenced by any commissions. To find out more, please visit our Term and Conditions page.
We participate in marketing programs, our editorial content is not influenced by any commissions. To find out more, please visit our Term and Conditions page.

Bitcoin drops below $120K as Trump threatens higher tariffs on China, sparking market-wide volatility and liquidations across cryptocurrencies.
 
Bitcoin experienced a sharp decline after U.S. President Donald Trump threatened to raise tariffs on Chinese imports. This announcement sent shockwaves through the crypto market, causing Bitcoin to drop below the key $120,000 support level. 
The decline in Bitcoin’s price was part of a larger market downturn that affected other cryptocurrencies as well.
Bitcoin was trading just above $121,000 before Trump’s comments but quickly fell below $120,000 after the announcement. 
The sharp drop was linked to the threat of higher tariffs on China, which raised concerns over a new trade war. As a result, Bitcoin’s price suffered a significant drop, breaking through key support levels.
The price of Bitcoin remained volatile after the initial decline, struggling to regain support. Investors were wary of the broader implications of Trump’s comments, which sparked uncertainty in the market. 
With Bitcoin’s price under pressure, many traders chose to sell their holdings.
Bitcoin was not the only cryptocurrency affected by Trump’s tariff threat
Other major cryptocurrencies, including Ethereum, Solana, and Dogecoin, also saw losses. Ethereum dropped below $4,200, falling by more than 3% in just a few hours. Solana and Dogecoin experienced similar declines, with both dropping over 2%.
The broader crypto market reacted negatively to the news. Cryptocurrencies, which are considered riskier assets, tend to be sensitive to macroeconomic uncertainty.
As a result, the market witnessed a widespread sell-off, with investors pulling out of positions to avoid further losses.
The sudden drop in Bitcoin’s price led to a wave of liquidations in the crypto market. CoinGlass data shows that over $420 million in long positions were liquidated within an hour of Trump’s remarks.
Bitcoin and Ethereum accounted for most of these liquidations, with $73 million and $175 million, respectively.
In total, around $895 million in liquidations were recorded within 24 hours. This included both long and short positions, with long positions making up the majority. 
Despite the increased volatility and liquidations, institutional investors continued to buy Bitcoin during the dip, as evidenced by recent inflows into Bitcoin ETFs.
Moreover, Trump’s tariff threat has created renewed uncertainty in the market. While Bitcoin and other cryptocurrencies faced losses, institutional interest remains strong, showing that the crypto sector continues to attract investors. 
Hence, the ongoing volatility reflects the broader economic concerns that continue to shape market sentiment.
LiveBitcoinNews is a leading online platform dedicated to providing the latest news and insights about Bitcoin and the broader cryptocurrency market. It offers timely updates on market trends, regulatory developments, technological advancements, and expert analyses, catering to both seasoned investors and newcomers in the digital currency space. The site features a variety of content, including articles, guides, interviews, and opinion pieces, making it a comprehensive resource for anyone interested in staying informed about the rapidly evolving world of cryptocurrencies.
Contact us: support@livebitcoinnews.com
© Copyright – Livebitcoinnews.com

source

Posted on Leave a comment

Did anyone win Mega Millions last night, Oct. 10, 2025? Mega Millions winning numbers, results – Peoria Journal Star

The Mega Millions lottery jackpot continues to grow after no one matched all six numbers from Tuesday’s Mega Millions jackpot.
Here are the winning numbers for the Friday, Oct. 10, lottery drawing jackpot worth $575 million with a cash option of $264.6 million.
Grab your tickets and see if you’re the game’s newest millionaire.
Friday night’s drawing will take place at 10 p.m. CT. Winning numbers will be posted here. Tuesday night’s winning numbers were 17, 26, 33, 45, 56, and the Mega Ball was 19.
Results are pending.
You only need to match one number in Mega Millions to win a prize. However, that number must be the Mega Ball, worth either $10, $15, $20, $25 or $50.
Matching two numbers won’t win anything in Mega Millions unless one of the numbers is the Mega Ball. A ticket matching one of the five numbers and the Mega Ball is worth either $14, $21, $28, $35 or $70. Visit www.megamillions.com for a complete list of payout information.
The Mega Millions jackpot for Friday night’s drawing continues to grow to an estimated $575 million with a cash option of $264.6 million, according to megamillions.com.
Drawings are held twice a week at approximately 10 p.m. CT every Tuesday and Friday. You can watch drawings via YouTube.
A Mega Millions ticket costs $5 per play. The Multiplier is included in the price of a single $5 wager, according to megamillions.com.
Here’s how to play Mega Millions:
The winning numbers for Wednesday night’s drawing were 8, 10, 44, 48, 54, and the Powerball is 14. The Power Play was 2X.
The current Powerball jackpot continues to grow at an estimated $244 million with a cash option of $114.2 million, after no one matched all six numbers from Wednesday night’s drawing.
Here is the list of 2025 Mega Millions jackpot wins, according to megamillions.com:
Here are the all-time top 10 Mega Millions jackpots, according to megamillions.com:
Here are the nation’s all-time top 10 Powerball and Mega Millions jackpots, according to powerball.com:
Chris Sims is a digital content producer for Midwest Connect Gannett. Follow him on Twitter: @ChrisFSims.

source

Posted on Leave a comment

Breaking $3.20 key for Ripple’s Q4 run – Will XRP whales follow? – AMBCrypto

XRP whales are offloading: Sell pressure mounts around Q4 target.
XRP whales and STHs are taking profits, driving consistent outflows and reinforcing the $3.20 resistance, while smart money chases upside elsewhere.
Whale flow (30DMA) hitting $50 million/day signals mounting selling pressure. Meanwhile, persistent capitulation by STHs and whales suggests near-term downside risk is elevated.
Ripple [XRP] whales are running out of patience.
Technically, it’s the only large-cap in the red for October, down 1.09% from a $2.80 open. Another 7% drop and all of September’s 2.56% gains get flushed. Moreover, XRP’s been printing lower highs since July.
Put simply, the bulls are losing steam, and September’s $3.20 peak just reinforced the ongoing downtrend bias. Consequently, that level is now a key resistance.
XRP will need to break it to keep bullish Q4 hopes alive.
Source: TradingView (XRP/USDT)
However, short-term holder NUPL has dipped into the “capitulation” zone twice in under a month, signaling fading confidence among recent buyers (holding >155 days) who are still sitting on net gains of roughly 27%.
This reinforces AMBCrypto thesis: Patience among XRP HODLers is wearing thin, and Q4 bullish expectations are cracking, forcing STHs to take profits before a deeper dip eats into gains.
The question now: Are these holders seeing something the market hasn’t priced in, or just playing it safe? With XRP whales making moves, this could be STHs front-running a bigger slide toward a breakdown.
XRP whales are following STHs’ lead.
Notably, smart money is trimming positions as net gains are realized. With XRP’s NRPL (Net Realized Profit/Loss) in the green, STHs are taking profits, and whales cutting back adds fuel to fears of a deeper correction.
The chart shows XRP whale flow (30DMA) hitting $50 million/day for the first time since August. Back then, XRP dropped 8.16% for the month while other alts stayed green, showing bid support was fading.
Source: CryptoQuant
In short, XRP’s relative weakness vs. other large-caps isn’t random.
Big money is chasing upside, and it’s clearly skipping Ripple. With STHs and whales offloading, the $3.20 level is acting as strong resistance. Thus, October could mark XRP’s third straight lower high since July.
Disclaimer:
AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.
© 2025 AMBCrypto

source

Posted on Leave a comment

Bitcoin slump may rebound up to 21% in 7 days if history repeats: Economist – TradingView

Bitcoin’s price may recover up to 21% over the coming seven days if October’s historical trends hold, an economist suggests.
“Drops of more than 5% in October are exceedingly rare. This has happened only 4 times in the past 10 years,” economist Timothy Peterson said in an X post on Friday.’
He said those instances occurred in October 2017, 2018, 2019, and 2021. In the week following each drop, Bitcoin (BTC) rebounded by 16% in 2017, 4% in 2018, and 21% in 2019. The only exception was 2021, when the crypto asset fell a further 3%.
October is often dubbed “Uptober” for its historically strong returns.

Cryptocurrencies, Bitcoin Price


Since 2013, October has been Bitcoin’s second-best performing month on average, delivering an average return of 20.10%, trailing only November, which has had an average gain of 46.02%, according to data from CoinGlass.
If history repeats, Bitcoin may skyrocket to $124,000
Peterson’s comments came after Bitcoin plunged to $102,000 on Friday following US President Donald Trump’s announcement of a 100% tariff on China.
At the time of publication, Bitcoin has already slightly recovered to $112,468, after only reaching a new all-time high of $125,100 on Monday, according to CoinMarketCap.

Cryptocurrencies, Bitcoin Price


If history repeats and Bitcoin mirrors its strongest October rebound — the 21% surge in 2019 — a similar move from Friday’s low of $102,000 would place the cryptocurrency just below its latest all-time high, around $124,000, within a week.
Bitcoiners emphasize that it is still early in October
Several other Bitcoin advocates remain confident that the uptrend will continue.
In an X post on Friday, Jan3 founder Samson Mow said, “There are still 21 days left in Uptober.” MN Trading Capital founder Michael van de Poppe said, “This is the bottom of the current cycle.”
“The biggest liquidation crash in history. COVID-19 was the bottom of the previous cycle,” he said.
Some analysts took a longer-term view. The Bitcoin Libertarian said, “In a few years, Bitcoin will crash from $1M to $0.8M in a few hours, and we’ll all be talking about a new record high amount of liquidations.”
“Let history repeat,” he said.
Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

source