Dogecoin Hits Multi-Month Lows as Exchange Flows Turn Bullish for First Time in 6 Months

XRP has experienced a significant decline, falling below the critical support level of $2.15. The drop is attributed to broader weakness in the cryptocurrency market and Bitcoin's recent 'Death Cross' pattern, which typically signals a bearish trend. This downturn occurs despite the absence of major catalysts influencing XRP's price directly.

Bill Hill, co-founder of Samourai Wallet, has been sentenced to four years in prison for engaging in unlicensed money transmitting. The 67-year-old's recent autism diagnosis and advanced age were considered mitigating factors during sentencing.

In the third quarter, onchain lending propelled crypto-collateralized debt to a record high. The leverage supporting the cryptocurrency market is now better collateralized compared to the previous cycle, indicating a shift in market dynamics.

Evin McMullen, CEO and co-founder of Billions Network, argues that zero-knowledge proofs (ZKPs) could play a crucial role in establishing a new era of trusted artificial intelligence and digital identity. This technology would enable individuals and organizations to interact safely and transparently across various platforms and borders.

Bitcoin has fallen below $90,000, marking a significant correction in the cryptocurrency market. Analysts are now eyeing a potential local bottom between $84,000 and $86,000. This decline follows a brief period of outperformance earlier in the week.

Stella's XLM token has broken through the critical support level of $0.25, indicating a significant technical breakdown as institutional selling accelerates. This decline reflects broader challenges faced by altcoins in the current market environment.

Dogecoin price is currently defending the $0.15 level as a double bottom pattern begins to emerge. If this pattern is confirmed, it may indicate a potential rally towards $0.20 and beyond.

Coinbase has launched its decentralized exchange (DEX) trading platform in Brazil, coinciding with new regulations from the country's central bank that require crypto firms to obtain licenses and report international transactions. This initiative aligns with Coinbase's vision of becoming an 'everything app' for cryptocurrency users.