Tag: launches

• Bitcoin stalls near $116K as Fed’s policy decision draws focus.
• Major altcoins trade sideways amid low volumes and uncertainty.
• Velora (VLR) and Project Merlin (MRLN) set to redefine DeFi ecosystems.

Bitcoin is once again testing the nerves of crypto market participants as its price hovers near $1,16,000, battling a stubborn resistance just as the global spotlight turns to the US Federal Reserve’s mid-September policy meeting.

In the early hours of September 16, Bitcoin traded at $1,15,200, trimming modest overnight gains amid lower trading volumes and a cautious risk mood.

The benchmark cryptocurrency’s market cap stands at a robust $2.29 trillion, with 24-hour volumes just over $52 billion, evidence that, while enthusiasm has tempered, the appetite for digital gold remains very much alive.

The shadow of the Fed’s upcoming decision has left broader markets listless, and crypto is no exception. Investors remain on high alert for clues around possible rate adjustments after a string of resilient US inflation data.

Any shift in policy or surprise rhetoric could produce short, sharp moves across all risk assets, with Bitcoin particularly sensitive given its recent struggle to clear the $1,16,000 threshold.

Bullish momentum still elusive

Ethereum, the second-largest digital asset by market cap, followed suit, changing hands at $4,522.

Ether has struggled to regain bullish momentum since its recent spike to $4,609 and is now trading in a narrow band with tepid demand from larger holders.

Despite a record high in stablecoin activity on its chain last week, ETH appears tethered to macro narratives, quietly mirroring Bitcoin’s cautious trajectory.

XRP, meanwhile, steadied at $2.99 after pulling back from recent local highs.

Recent treasury movements from notable digital asset management firms have steadied sentiment but haven’t sparked breakout momentum, as regulatory debates around the token continue to play out in key jurisdictions.

Solana is also in the spotlight, with its price down slightly to $233.67 following last week’s rally.

The token, known for its fast and low-cost transaction capabilities, has seen volatility creep back in, as short-term traders wade in to capture swings on the back of the broader market’s uncertainty.

Technical analysts note the next major support levels sit close to $220, underscoring the need for positive catalysts to maintain current valuations.

Dogecoin, always the wildcard, is trading at $0.2677 after a 24-hour spell that saw the meme coin flirt with both $0.26 support and $0.28 resistance.

While DOGE’s narrative is often ruled by social media and celebrity hype, the current environment has left even seasoned “shibes” trading cautiously, awaiting clearer signals from both the Fed and broader risk markets.

With key resistance levels drawing closer across major coins, market eyes will remain glued to the outcome of the Fed meeting.

Until then, expect crypto prices to oscillate around their current bands, with Bitcoin eyeing that crucial $1,16,000 break as the catalyst for renewed bullish conviction or yet another test of market resolve.

New launches fuel crypto buzz

Several major crypto launches and ecosystem upgrades are about to shake up the market, promising to unleash a new spark of trading action.

On Tuesday, all eyes are on Velora (VLR) and Project Merlin (MRLN) as they make their much-anticipated debuts.

Velora’s launch signals a push into the next generation of DeFi, with its $VLR token powering intent-based cross-chain trading and unlocking gasless staking and community rewards.

Meanwhile, Project Merlin steps onto the scene offering an all-in-one Web3 ecosystem that connects blockchain entrepreneurs, communities, and investors, complete with a robust launchpad, crowdfunding, and freelance ecosystem, all tied together by the $MRLN token and launching with airdrops across major exchanges.

These releases are more than just hype; they reflect how the industry is charging ahead with technical innovation and shifting toward tailored, ecosystem-first infrastructure.

But it’s not just token launches grabbing investor attention. On the regulatory front, Hong Kong just locked in fresh banking capital guidelines for digital assets, set to take effect in January 2026.

The big shift? Banks are facing a 1:1 capital provision for any exposure to “permissionless” blockchains.

The move is expected to bolster confidence for institutional players looking for a safer entry into crypto markets.

Added to that, Ripple is making headlines via a new partnership in Japan that brings its RLUSD stablecoin further into the nation’s payments rails, underscoring digital assets’ climb toward mainstream financial integration.