XRP Set to Dominate Asia’s Tokenized Rewards Market by 2026

Ethereum is trading at $4,531, up 1.6% in the last 24 hours, with a daily trading volume of $42.5 billion. The world’s second-largest cryptocurrency now holds a market capitalization of $547 billion. In the past 24 hours, ETH moved between a low of $4,444 and a high of $4,616. The token remains about 8% below its all-time high of $4,953, recorded in late August.

The rebound has allowed Ethereum to reclaim the $4,500 support level, a key technical zone watched by experts. If ETH can recover the $4,750 range, the conditions may be in place for a new all-time high.

In an interview with Coinpedia, Juan Leon, Bitwise’s Senior Investment Strategist, opened up about the possibility of ETH hitting a new ATH before 2025 ends. 

“If we continue to see strong demand via ETH ETFs and corporations, along with favorable macro conditions, and continued growth in stablecoins and tokenization, I would not be surprised to see ETH surpass its all-time highs by year end,” Leon said.

SEC’s ‘Innovation Exemption’ Could Reshape Crypto Rules

Additionally, Leon described the SEC’s planned “innovation exemption” as a major step for the crypto industry. He said it could give companies a clearer path to launch new products without constant fear of legal action.

The proposal is expected to make product approvals faster and more predictable, especially for crypto-based exchange-traded products (ETPs). This would lower barriers for new launches and make the U.S. more competitive.

Leon added that the exemption could encourage developers to build inside the U.S. instead of moving overseas. For investors, it would show that the regulatory environment is maturing, helping reduce risk and attract more institutions.

Glassnode co-founders Jan Happel and Yan Allemann have predicted that the price of Bitcoin could reach the peak of the current cycle within just four or five weeks. 

As reported by U.Today, the flagship cryptocurrency reached a new record high of $125,708 on the Bitstamp exchange.

However, it failed to enter a new price discovery stage and gave up most of its gains, slipping below the $123,000 level earlier today. 

So far, the sudden price jump looks like a typical Sunday fakeout, and it is unclear whether something substantive will actually come out of the most recent rally. 

Will the bull run continue? 

Various pundits, such as Tom Lee, believe that the cryptocurrency could surpass $200,000 this year. However, this is extremely unlikely to happen within the relatively short span of time that was mentioned by the Glassnode analysts.

According to Polymarket bettors, Bitcoin has only a 1% chance of surging to $200,000 this month. The odds of BTC eventually surpassing this level during the remainder of 2025 currently stand at 7%. 

Some bulls believe that BTC still has more room to run due to the fact that the cryptocurrency is still underperforming by as much as 10% despite the recent gains. If Bitcoin were to reclaim its 2021 peak against the yellow metal, its price would be trading above $150,000 (assuming that the gold price remains flat). 

Shiba Inu token destruction saw a 449.66% surge in burn rate in the past week. According to Shibburn, in the last seven days, a total of 71,297,136 SHIB were burned, resulting in a 449.66% increase in weekly burn rate.

In the last 24 hours, the narrative changes with a drop in daily burn rate observed. Only 1,512,538 SHIB were burned in the past day, leading to a drop in daily burn rate by 73.47%.

In the recent hour, just 125 SHIB were burned, reflecting the burn sentiment in the past day, which has seen a drop in burns.

However, the broader market largely traded in green as Bitcoin went on to set a new all-time high above $125,000. Shiba Inu's price also traded in the green, extending a rebound from September's close.

Shiba Inu price action

Shiba Inu saw a significant jump on Sunday as Bitcoin rose to a fresh all-time high, lifting other cryptocurrencies higher. Shiba Inu jumped from a low of $0.00001231 to a high of $0.00001297. At the time of writing, SHIB was up 2.35% in the last 24 hours to $0.00001274 and up 8.4% weekly.

A broader risk rally around the recent government shutdown has buoyed the cryptocurrency market. Adding to the bullish sentiment is that the month of October is generally regarded positive for the markets, referred to as "Uptober" in crypto parlance.

The immediate resistance for Shiba Inu is at $0.00001294, which is at the daily SMA 200. Shiba Inu neared this level on Friday and also in today's session, however failing to surpass it.

A break above this level would now be watched for Shiba Inu's short price action. On the other hand, support is expected at $0.0000122 and then $0.0000115, which halted Shiba Inu's price drop in late September.

Bitcoin breached a new all-time high over the weekend, prompting analysts to call for a renewed accumulation phase that could fuel a rally to $150,000 before the end of the year.

Bitcoin set a new all-time high above $125,700, and its market capitalization briefly crossed the $2.5 trillion milestone for the first time in crypto history, Cointelegraph reported earlier on Sunday.

The rally was supported by multiple macroeconomic factors, including the recent US government shutdown — the first since 2018 — which some analysts say has renewed interest in Bitcoin’s store-of-value role.

In the past, similar conditions have led to “major price milestones,” according to Fabian Dori, chief investment officer at digital asset banking group Sygnum Bank.

The US government shutdown has “renewed discussion around Bitcoin’s store-of-value role, as political dysfunction underscores interest in decentralised assets,” Dori told Cointelegraph. “At the same time, the broader environment — characterised by loose liquidity conditions, a service-led acceleration in the business cycle, and narrowing underperformance relative to equities and gold — has drawn attention to digital assets,” he added.