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Bitcoin bulls are keen to hit $70,000, but a selloff at this level could trigger a sharp downside in BTC and altcoins.

Toncoin price showed a modest 0.2% loss on Wednesday's U.S. trading session, trading at $5.2. The slight downtick forms a neutral candle in the daily chart, continuing the consolidation trend intact since early October.

Tether, the company behind the USDT stablecoin, has announced that approximately 330 million on-chain wallets and accounts had received the digital asset as of the end of Q3 2024. These accounts and wallets are a critical measure of user engagement.

With the Bitcoin price hovering close to its $65k level, the altcoin market has regained momentum. However, the Toncoin ecosystem has displayed increased price volatility with TON coin constantly recording a bearish price action.

Bitcoin's rise above $66,500 could open the doors for a rally to new highs and altcoins look set to follow.

Toncoin held the top spot in year-to-date gains, but Sui has recently surged past, with an impressive 180% YTD growth.

The last two weeks disappointed crypto investors as the market failed to show the ‘Uptober' rally. While the early-month sell-off can be attributed to the Israel-Iran war, most major altcoins are yet to reveal bottom formation, indicating the possibility of prolonged correction.

The first half of October was mainly sideways for most major cryptocurrencies amid the Israel-Iran war. As the market stabilizes, investors anticipate renewed recovery to kickstart in the second half of the month.

Bitcoin and altcoins made a strong comeback on Oct. 11, indicating solid buying at lower levels.

Curve DAO (CRV) has experienced a bullish uptick following a partnership between Curve Finance with the TON Foundation. According to a press release issued on October 11, the collaboration aims to boost stablecoin trading on the TON blockchain by utilizing Curve's established market-maker solutions.

Curve Finance and the TON Foundation have launched a joint hackathon to advance their Stable Swap Project on the TON blockchain.

This week, we examine Ethereum, Ripple, Binance Coin, Toncoin, and Shiba Inu in greater detail. Ethereum (ETH) While Ethereum had a volatile week, its price held well and closed it with a 1% gain.

Bitcoin's failure to hold $62,000 may trigger another selloff and pull altcoin prices lower.

Dogs (DOGS) and Notcoin (NOT), two major cryptocurrencies of The Open Network (TON) ecosystem, just finished their first joint token burn event. So far, it looks like the community remains unimpressed by the effects of the action, as both assets are losing value.

In times when large-cap and popular tokens like Bitcoin, Ethereum, XRP, or Cardano are consolidating, EigenLayer is displaying a huge possibility of triggering a huge bull run.

DTX Exchange grabs the title of the best performer of this bull run with a $3.8 million presale raise. The platform leaves Toncoin (TON) and Cardano (ADA) behind with its massive presale raise. Investors from established crypto platforms are joining the presale mania to expand their gains.

SINGAPORE, October 2, 2024 — CoinGecko, the world's largest independent cryptocurrency data aggregator, today announced the first wave of speakers for GeckoCon: Web3 Games Unleashed, its highly anticipated hybrid conference focused on web3 gaming. The dynamic one-day conference will bring together thought leaders, innovators, and gaming enthusiasts from around the world, to spotlight the latest advancements and trends in decentralized gaming.

Bitcoin (BTC) found support at around $62,000, helping it stabilize and prevent a further decline. The world's largest cryptocurrency has shed almost 2% over the past 24 hours after facing considerable volatility over the previous week, which saw highs of over $65,000 and a low of $59,800.

Bitcoin price opened the week with a bang as altcoins and stocks turned green, but $65,000 to $66,500 remains a tall hurdle for BTC to overcome.

A wallet-draining service on TON ceased operations due to limited high-value users, redirecting efforts toward more lucrative Bitcoin targets.

TL;DR A wallet drainer from The Open Network (TON) is shutting down operations due to a lack of large investors and is redirecting its focus to Bitcoin theft. The hackers argue that the small community of The Open Network is not viable for their operations, suggesting users enjoy theft on Bitcoin.

Blockchain security platform Scam Sniffer has reported the shutdown of a wallet drainer operating on The Open Network (TON) blockchain, citing the absence of large-scale participants, also known as “whales.” In an Oct.

Savvy DeFi traders are eyeing Cutoshi, a new memecoin in presale, attracting attention from Shiba Inu and Toncoin investors. #sponsoredcontent

Contrary to the anticipated “Uptober” rally, the cryptocurrency market has experienced a significant downturn, largely driven by geopolitical tensions in the Middle East. Major assets have seen their values decline, with some retesting multi-week lows.