😁 Bitcoin Has Bad News For ETH & XRP

Plus, Metaplanet faces a make-or-break moment.

Happy Wednesday!

Bitcoin has recovered to $122,000 from yesterday’s dip — but for Ethereum and XRP that is bad news.

Metaplanet has called for an extraordinary shareholder meeting in Q4 — just when its stock faces a make-or-break moment on the charts.

Plus, check out our instant ’stock snapshot’ tool that could save you hours of trying to figure out which way Tesla — or any other stock — will move.

TOP STORY

Bitcoin climbed back above $122,000 on Wednesday, reigniting debate over whether the largest cryptocurrency can sustain momentum or risks following Ethereum and XRP into failed breakout territory.

The daily chart shows Bitcoin breaking out of a two-week consolidation, pushing into the $122,000–$124,000 resistance band.

This region aligns with the upper boundary of the summer trading range and a descending trendline that has capped rallies since July.

But why is that bad for altcoins?

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are consolidating after a turbulent session on Tuesday: here’s what’s driving the market today.

Ethereum in particular could struggle over the coming weeks, one analyst predicts: it still needs one key indicator to catch up.

Bitcoin could reach $200,000 this quarter, according to Bitwise’s Matt Hougan: here’s what makes him so bullish.

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FINTECH FOCUS

Metaplanet Inc. enters Q4 under the spotlight, with investors weighing a December shareholder meeting and bullish commentary from Strategy’s Michael Saylor against persistent technical weakness on the charts.

On Oct. 8, Metaplanet announced plans to hold an Extraordinary General Meeting (EGM) on Dec. 22, with Oct. 24 as the record date for shareholder eligibility.

But the daily chart shows Metaplanet trading inside a defined descending channel since June, with price repeatedly rejecting at the upper boundary. 

What’s next for Metaplanet stock?

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