Flipped — October 13

Chart of the Day

BTC’s upside momentum takes a breather after hitting the $58-60k roadblock. Buyers started to pull back at the first sign of overheating in the market, with the relative strength index (RSI) on the hourly chart turning south shortly after entering the overbought territory. Meanwhile, LTC re-enters the spotlight after recently flipping ETH in terms of the number of active addresses. Flipping over the second-largest token with numerous DeFi and NFT use cases is no small feat. Even in absolute numbers, having almost 500k active addresses on a daily basis is rather impressive. So the question is: Who is using Litecoin?

Talk of the Town

Payment processor Stripe is currently hiring crypto-focused engineers to lay the foundation for future crypto use cases. For those who have been in the industry long enough to remember, Stripe is also among the earliest adopters of Bitcoin back in 2014 when it became the first major payments company to accept payments in Bitcoin. However, the company reversed this decision in 2018, shortly before the price of Bitcoin soared, leaving a three-year gap for its nascent competitors to advance into the digital currency front.