XRP falls, Bitcoin drops below $64,000, Ethereum rises to $2,600

• Bitcoin gives up recent gains and trades at $63,823 on Monday.
• Ethereum wipes 1% to $2,631.
• XRP is down more than 2% on the day, falling below the psychologically important $0.65 level.

Bitcoin, Ethereum and XRP Updates

• Bitcoin was trading at $63,823 at the time of writing. Bitcoin Spot ETFs saw inflows steadily for seven days, according to data from Farside Investors. Inflows to spot ETFs typically represent demand from institutional investors. BTC lost more than 3% of its value on the day, correcting more than 4% from its September monthly peak of $66,498.
• Ethereum is changing hands at $2,601, down 2% on the day. Ethereum Spot ETFs saw a positive net inflow of $58.7 million on Friday. The altcoin erased 4.5% of its value compared to its monthly high of $2,728.60.
• XRP drops below $0.6500, a key level of psychological support for holders. The altcoin fell on Monday as XRP holders speculated on the likelihood of a Securities and Exchange Commission (SEC) appeal in the Ripple lawsuit.

Chart of the day: Athena (ENA)

Athena (ENA), the utility token of the Athena protocol, is one of the most popular tokens on Binance in the spot market. The token ranks in the top 10 cryptocurrencies that produced the highest gains in the last 24 hours. ENA, which ended its multi-month downtrend on September 14, is gaining 2.63% on the day.

ENA is likely to extend its gains by 9.65% and rise towards the upper bound of the fair value gap (FVG) between $0.3920 and $0.4180.

The green histogram bars above the MACD (Moving Average Convergence Divergence) indicator neutral line show that there is an underlying positive momentum in the ENA price trend.

ENA/USDT daily chart

In case of a correction, ENA could find support in the disequilibrium zone between $0.3792 and $0.3064.

Market updates

• Vitalik Buterin shared a vision to align Layer 2 and Layer 3 chains with the Ethereum blockchain in a recent blog post. This is an important development for ETH holders and users who hold tokens for Layer 2 projects, who are currently taking steps to align the project and utility chain with the Ethereum blockchain.
• PEPE, a leading meme coin, is listed on the Noones Spot Exchange, according to an official announcement on X.

• Tron (TRX) has successfully completed a security assessment of its Java-Tron client by ChainSecurity, a blockchain security firm. The assessment focused on key blockchain components to identify and address any vulnerabilities that could affect blockchain performance, including transaction execution, block generation, and consensus operations.

Industry updates

• Chainlink (LINK) has further committed to the tokenization of real-world assets (RWA) through an official partnership with ANZ, an Australian bank. The DeFi project will ensure the cross-exchange of tokenized assets for the bank.

• World Liberty Financial, a project backed by former US President Donald Trump’s family office, is opening Know Your Customer (KYC) checks, according to an announcement on its official website. The website is under maintenance at the time of writing.
• On-chain data from Spot On Chain shows that the Ethereum Foundation wallet address sold 100 Ether on the CoWSwap exchange on Monday. Previous sales of ETH by the organization have been criticized as contributing to increased selling pressure on the token, possibly negatively impacting its price.