Crypto Today: Bitcoin, Ethereum and XRP fall despite key partnership announcements in crypto

Bitcoin, Ethereum and XRP updates 

• Bitcoin trades at $66,476 early on Wednesday. The largest cryptocurrency is nearly 11% away from it's all-time high of $73,777, as we near the end of the month. Historically, BTC has closed October on a positive note, yielding gains for holders MoM.
• Ethereum exchanges hands at $2,575, down nearly 2% on the day. The second-largest cryptocurrency observed $11.9 million in net inflows on Tuesday, per Farside Investors data. 
• XRP is down 1.33% on the day and trades at $0.5268 at the time of writing. 

Chart of the day: Jupiter (JUP)

Jupiter (JUP) broke out of its downward trend on October 14. JUP ranks among the top cryptocurrencies on Binance that yielded one of the highest gains in the 24-hour timeframe. JUP trades at $1.0476 at the time of writing. 

The token could sweep liquidity at $0.9439, a level that coincides with the Fair Value Gap (FVG) on the daily timeframe. JUP could correct 9.82%. 

The Relative Strength Index (RSI) generated a sell signal on the daily timeframe as it crossed above the 70 level. RSI reads 71, which is typically considered a sell signal by traders. 

JUP/USDT daily chart 

A daily candlestick close above resistance at $1.0840, a level that coincides with an FVG, could invalidate the bearish thesis for JUP. JUP could then rally toward its July 29 high of $1.2246. 

Market updates 

• Chainlink announced its integration with international payments giant SWIFT. Chainlink CEO, Sergey Nazarov, said, “the solution will enable pre-settlement and transaction confirmation through Swift’s established messaging standards, which are already widely used in TradFi. After confirmation, Chainlink’s infrastructure would convert these messages into blockchain events, enabling institutions to lock assets and execute payments onchain.”
• This partnership makes a key development in LINK adoption and is likely a bullish catalyst for the crypto. 
• Ripple and IBM join hands to secure the cryptocurrencies of Garanti BBVA Kripto’s trading platform. 
• The solution will enable the bank to build, deploy and manage institutional-grade infrastructure for its clients.

Industry updates 

• Analysts at QCP Capital note that markets are pricing in a potential win of former US President Donald Trump. Since Trump has a crypto-friendly stance, based on his appearance at the Bitcoin conference in Nashville, traders anticipate a rally in Bitcoin. 
• Crypto protocol SUI announced an integration with Google Cloud to enable real-time blockchain data for artificial intelligence (AI) and gaming applications. 

• One of the largest centralized crypto exchanges in the world, Binance, shared plans to delist and stop trade in all spot trading pairs of IDRT, KP3R, OOKI and UNFI, per an official blog.