Syncus priceSYNC

Bitcoin's relationship with the stock market is always a hot topic, and right now, it’s back in sync with the S&P 500 just ahead of the upcoming FOMC meeting. Historically, Bitcoin has acted like a risk-on asset, meaning it tends to move in tandem with stocks when investors are feeling optimistic. After a bit of a disconnect in June and July—thanks to some political drama—Bitcoin's correlation with the S&P 500 has bounced back. This shift is largely due to expectations of a significant rate cut from the Federal Reserve, which could boost both the stock market and crypto investments. Now, there’s also buzz around Bitcoin miner reserves. A recent uptick in these reserves could signal a potential rally, as miners seem to be holding onto their assets rather than selling. This trend usually hints at rising prices, especially with the fourth quarter approaching and a mix of rate cuts and the U.S. elections on the horizon. So, keep an eye on those miner supplies; they might just give us a clue about the next bull run.

$BTC 62k-61800$ If in the next 48h you get the standard H4 retest to fill the imbalances down to the origin of impulse You bid that and hold strong altcoins in sync for the next week Will see what weekly close brings tonight

Is ETH Dead? Despite lagging a bit, I wouldn't count it out just yet. There are a few easy to explain reasons why it hasn't gone up yet. And why it will go up: 1. The alt season hasn't arrived yet. Ethereum is still the king of DeFi. The majority of all altcoins in this entire space are built on Ethereum. If altcoins are going to get attention again, then so will Ethereum. Why? Ethereum is the most traded and essential currency when the alt season arrives. For the same reason, Ethereum and altseason move in sync with each other. We saw some alt resurgence in Q1 this year, and Ethereum has done great! But if we're still getting a big wave? Then so will ETH. 2. All eyes are still on Bitcoin. Bitcoin is still leading this cycle. Bitcoin dominance remains high and most institutional money has flocked here. If there is a shift, Ethereum will be the first to follow. 3. Grayscale Like Bitcoin, Grayscale saw significant outflows after the ETF launch. When they run out. Inflows will resume 4. Technically good Ethereum is actually not in a bad position. It has touched a long-standing support zone that could be seen as an ideal entry point for many. Both for us and for institutional investors

Back in December 2020, Ethereum co-founder Vitalik Buterin took a jab at Ripple’s legal defense. He singled out their claim that XRP shouldn’t be considered a security for “public policy reasons,” specifically because Bitcoin and Ethereum were supposedly “Chinese-controlled.” This was part of a larger back-and-forth. Ripple CEO Brad Garlinghouse had criticized the SEC for being out of sync with other G20 nations and the broader U.S. government for allegedly favoring Bitcoin and Ethereum $XRP

Back in December 2020, Ethereum co-founder Vitalik Buterin took a jab at Ripple’s legal defense. He singled out their claim that XRP shouldn’t be considered a security for “public policy reasons,” specifically because Bitcoin and Ethereum were supposedly “Chinese-controlled.” This was part of a larger back-and-forth. Ripple CEO Brad Garlinghouse had criticized the SEC for being out of sync with other G20 nations and the broader U.S. government for allegedly favoring Bitcoin and Ethereum $XRP