A day in the red: 7 of the 10 largest cryptocurrencies fall and the top 10 gain an average of 3,71%.
The key points of the day
- Bitcoin and Ethereum: BTC 73.575 € (-1,18%), ETH €2.359 (-0,30%).
- What moved the most: Hedera + 33,74 %, Quant + 26,84 %.
- The reason for the day: The session combined signs of institutional adoption with increased technical pressure.
What has moved the market
News about institutional financial infrastructure and tokenization boosted QNT and reinforced the narrative of Chainlink as a cross-chain infrastructure. View source View source
Derivatives liquidations amplified intraday movements in QNT, LINK, and SUI. View source View source View source
QNT revaluation linked to institutional adoption and banking tokenization (The Clearing House / On Chain Money Initiative).
Hedera (HBAR) rises 33,74%
Hedera goes from €0,08 to €0,11 in 24 hours.
- A news report published on September 28 attributed HBAR's rally to renewed attention on Hedera's board's ties to an NVIDIA AI initiative, in addition to describing a technical price break above $0,12.
Sources: Coinscreamer
Quant (QNT) rises 26,84%
Quant goes from €164,77 to €208,99 in 24 hours.
- It surged after the news that The Clearing House selected Quant for its On Chain Money Initiative, an interoperable payments network to settle tokenized deposits; several hedges published on September 28 explicitly link that announcement to QNT's rally.
- A news report published on September 28th linked QNT's rise to The Clearing House's selection of Quant for its on-chain money and tokenized deposit initiative. The same source noted that the intraday movement was also amplified by short-selling.
Sources: cryptonews · Kucoin · Fxempire
Sui falls 8,56%
Sui goes from €1,12 to €1,02 in 24 hours.
- SUI fell 5,42% in four hours as approximately $550.000 in long position liquidations were recorded on Binance, Bybit, and OKX. The news report documents this event as an explanation for the intraday decline.
Sources: TokenPost
Chainlink (LINK) rises 7,36%
Chainlink goes from €12,39 to €13,31 in 24 hours.
- Chainlink announced CCIP 2.0, an update to its cross-chain infrastructure that allows for the addition of its own security verifiers. A report published within the window linked LINK's rise to this key catalyst and to a wave of short-selling that accelerated the move.
Sources: CoinDesk · CoinMarketCap
The rest of the top
Near Protocol (-12,40%), Solana (-3,23%), Litecoin (-2,81%), XRP (-2,32%), Bitcoin (-1,18%) and Ethereum (-0,30%) fell without any news of their own in the window, in line with the general market correction.
Top 10 Prices
| Criptomoneda | Price | 24 h | Operate |
|---|---|---|---|
| Bitcoin BTC | 73.575 € | -1,18% | Operate |
| Quant QNT | 208,99 € | + 26,84 % | Operate |
| XRP | 1,31 € | -2,32% | Operate |
| Ethereum ETH | 2.359 € | -0,30% | Operate |
| Solana SOL | 104,68 € | -3,23% | Operate |
| chainlink LINK | 13,31 € | + 7,36 % | Operate |
| Near-Protocol NEAR | 4,22 € | -12,40% | Operate |
| Hedera HBAR | 0,11 € | + 33,74 % | Operate |
| Sui | 1,02 € | -8,56% | Operate |
| Litecoin LTC | 60,80 € | -2,81% | Operate |
Today's news
Bitcoin mining: Riot Platforms liquidates $200M credit
Bitcoin mining company Riot Platforms has liquidated a $200 million credit facility, releasing its cryptocurrency collateral.
SEC clarifies: token buybacks are not always securities
The SEC publishes new guidelines on token buybacks on functioning networks, clarifying their status under the Howey test and securities laws.
Bitcoin remains at $84.000 and ONDO recovers to $0,50
Bitcoin maintains its strength near $84.000 as US Treasury rates reach 2007 highs and the ONDO token recovers to $0,50.
Hyperliquid and DoubleZero: market data by fiber optics
DoubleZero enables a fiber optic connection for the Hyperliquid order book, bringing on-chain infrastructure closer to the mainstream market.
Strategy proposes to accrue dividends 365 days a year
Bitcoin's treasury firm seeks to reduce volatility by paying daily rewards on its STRF, STRC, STRK, and STRD preferred shares.
Generative artificial intelligence tools were used to create this article.
