Sense

AlphaSense’s client list now includes most of the S&P 500 and nearly every firm listed in the Dow 50.

AlphaSense, a business-to-business artificial intelligence (AI) platform specializing in business intelligence and search, announced the successful completion of a $150 million Series E funding round led by Bond and joined by Google parent company Alphabet’s investment arm, CapitalG, as well as Goldman Sachs and Viking Global.

The latest round saw the company’s valuation grow from $1.7 billion, its value upon raising $225 million during its Series D in June of 2023, to $2.5 billion.

Today, we are incredibly proud to announce a $150M Series E funding round led by the iconic @bondcap, bringing our valuation to $2.5 billion.

You can learn more about this milestone and why BOND believes in AlphaSense here:https://t.co/UYheKHsSnP pic.twitter.com/AEwYoaFRlT

— AlphaSense (@AlphaSenseInc) September 28, 2023

AlphaSense’s strong market position and continued growth owe to the recent boom in the AI sector. While consumer-facing generative AI models such as OpenAI’s ChatGPT and Anthropic’s Bard are designed to serve general-purpose audiences, AlphaSense’s models combine strategic data points from both public and private analytics with a machine learning pipeline.

This allows AlphaSense’s “insights-as-a-service” platform to offer deep insights into business and finance analytics and provide actionable intelligence.

Related: ChatGPT can now browse the internet, no longer limited to info from 2021

In the crypto and blockchain world, platforms such as AlphaSense have the potential to go beyond the often dubious insights provided by generalized AI models such as ChatGPT. Where the latter has a penchant for hallucination, AlphaSense’s models parse specific data sets relevant to business intelligence and, essentially, curate insights into easily digestible articles complete with text and images.

I a press release, AlphaSense CEO and founder Jack Kokko said the latest investment round would allow the company to stay at the forefront of the B2B generative AI sector:

“The additional capital allows us to invest strategically, so we can continue to lead the generative AI revolution in our market, and deliver on our mission of helping businesses find the right data and insights to support more confident and agile decision-making. We are building the future of market intelligence, and we are proud to continue revolutionizing search for enterprise customers.”

In trading on Friday, the SPDR S&P Regional Banking ETF is outperforming other ETFs, up about 2.2% on the day. Components of that ETF showing particular strength include shares of Customers Bancorp, up about 8.2% and shares of First Foundation, up about 6.1% on the day.

Crypto bulls are attempting a comeback. Here are the altcoins that traders are keeping an eye on.

Bitcoin (BTC) is attempting to trade above $27,000 which is a positive sign. In the past few days, Bitcoin’s price held up above $26,000 in adverse conditions when the United States dollar index (DXY) was rising sharply and the S&P 500 index (SPX) was plunging. This suggests that selling dries up at lower levels.

The decision by the United States Securities and Exchange Commission to delay the spot Bitcoin exchange-traded fund (ETFs) ahead of schedule also did not dent prices. This indicates that the market participants are taking a longer-term view on Bitcoin. Bloomberg ETF analyst James Seyffart believes that an early decision was taken by the regulator as there is a risk of a U.S. government shutdown on Oct. 1.

Bitcoin’s resilience over the past few days seems to have boosted trader’s sentiment. That helped start a recovery in most major altcoins, which are trying to climb above their respective resistance levels.

Could Bitcoin extend its up-move in the near term and will that start a revival in the crypto space? Let’s study the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

After struggling for several days, the bulls finally propelled Bitcoin above the moving averages on Sep. 28. The bulls are currently trying to thwart attempts by the bears to yank the price back below the 20-day exponential moving average ($26,534).

The moving averages are on the verge of a bullish crossover and the relative strength index (RSI) is in the positive territory, indicating that the path of least resistance is to the upside. There is a minor resistance at $27,500 but it is likely to be crossed.

The BTC/USDT pair could then rally to the overhead resistance at $28,143. This level is again likely to witness a tough battle between the bulls and the bears.

On the downside, the $26,000 level is an important level to watch out for. If this level gives way, the advantage will tilt in favor of the bears. The pair may then nosedive to the formidable support at $24,800.

Ether price analysis

Ether (ETH) climbed and closed above the 20-day EMA ($1,622) on Sep. 28, indicating that the selling pressure is reducing. The buyers continued their purchase and cleared the hurdle at the 50-day simple moving average ($1,660) on Sep. 29.

The bulls will try to drive the price to the overhead resistance of $1,746. This is an important level to keep an eye on because if buyers overcome this barrier, the ETH/USDT pair will complete a double bottom pattern. This reversal setup has a target objective of $1,961.

On the contrary, if the price turns down from $1,746, it will indicate that the bears remain sellers on rallies. The price could then dip to the 20-day EMA. If the price rebounds off this support, it will enhance the prospects of a rally above $1,746. The bears will be back in the game if they drag the price back below the 20-day EMA.

BNB price analysis

BNB (BNB) has been trading inside the $220 to $203 range for the past few days. The bulls are trying to nudge the price to the overhead resistance at $220.

The 20-day EMA ($213) is flat but the RSI has risen into positive territory, indicating that the momentum is turning in favor of the bulls. If the $220 resistance is surmounted, the BNB/USDT pair could surge to $235.

Contrary to this assumption, if the price turns down sharply from $220, it will indicate that the range-bound action may continue for a while longer. The next leg of the downtrend will begin after bears tug the price below $203.

XRP price analysis

Buyers pushed XRP (XRP) above the 20-day EMA ($0.50) on Sep. 28 and followed that up with a move above the resistance line of the symmetrical triangle pattern on Sep. 29.

If the price sustains above the triangle, it will signal that the uncertainty has resolved in favor of the buyers. The XRP/USDT pair could then rally to the overhead resistance at $0.56. This is an important resistance to watch out for because a break above it will clear the path for a potential rally to the pattern target of $0.64.

Contrarily, if the price turns down and re-enters the triangle, it will indicate that markets have rejected the higher levels. The bears will then try to gain the edge by pulling the price below the uptrend line of the triangle.

Cardano price analysis

The bulls are trying to sustain Cardano (ADA) above the 20-day EMA ($0.25) on Sep. 29, which shows that the bears are losing their grip.

A break and close above the downtrend line will invalidate the bearish descending triangle pattern. Generally, the failure of a bearish pattern results in a sharp up-move as the sellers rush to exit their shorts and the bulls waiting on the sidelines start buying. That could propel the ADA/USDT pair to $0.29 and subsequently to $0.32.

Time is running out for the bears. If they want to regain control, they will have to defend the downtrend line and pull the price below $0.24. The next support on the downside is at $0.22.

Dogecoin price analysis

Dogecoin’s (DOGE) range has shrunk in the past few days, increasing the prospect of a range expansion within the next few days.

The 20-day EMA ($0.06) is flattening out and the RSI is just below the midpoint, indicating a balance between supply and demand. If buyers kick the price above the 20-day EMA with force, it will signal the start of a recovery. The DOGE/USDT pair could first rise to $0.07 and thereafter to $0.08.

If bears want to prevent the upside, they will have to quickly drag the price below $0.06. If they do that, the pair may plunge to the next critical support at $0.055.

Solana price analysis

Solana (SOL) remains stuck inside the large range between $27.12 and $14 for the past several days. Trading inside a range can be random and volatile as bulls typically buy at the support and sell near the resistance.

The bulls are trying to start a relief rally, which has reached the 50-day SMA ($20.44). This is an important level to watch out for because a break above it will suggest that the bulls are back in the game. The SOL/USDT pair could then rise to $22.30.

Instead, if the price turns down from the 50-day SMA, it will indicate that the bears are active at higher levels. Sellers will have to tug the price below $18.50 to open the doors for a retest of $17.33.

Related: Why is Ether (ETH) price up today?

Toncoin price analysis

Toncoin (TON) rebounded off the 20-day EMA ($2.13) on Sep. 27, indicating that the sentiment remains positive and traders are buying on dips.

The long wick on the Sep. 27 and 28 candlestick shows that the bears are selling at the 38.2% Fibonacci retracement level of $2.28. However, a positive sign in favor of the bulls is that they have not allowed the price to slip below the 20-day EMA.

Buyers will have to shove the price above the 61.8% Fibonacci retracement level of $2.40 to open the doors for a retest of the stiff overhead resistance at $2.59. This positive view will invalidate if the price turns down and plummets below $2.07.

Polkadot price analysis

The failure of the bears to sink Polkadot (DOT) below the $3.91 support indicates that the range-bound action remains intact.

Buyers will try to drive the price above the 20-day EMA ($4.10) and challenge the overhead resistance at the 50-day SMA ($4.32). If this level is cleared, the DOT/USDT pair could surge to the downtrend line. The bulls will have to overcome this barrier to signal a potential trend change.

The important support to watch on the downside is $3.91. A break below this level will suggest the resumption of the downtrend toward $3.58.

Polygon price analysis

Polygon (MATIC) turned up from $0.50 on Sep. 28 indicating solid buying at lower levels. The price has reached the 20-day EMA ($0.52), which is an important level to keep an eye on.

The positive divergence on the RSI indicates that the selling pressure is reducing. That enhances the prospects of a break above the moving averages. The MATIC/USDT pair could then retest the overhead resistance at $0.60. The bears are expected to protect this level with vigor.

If bears want to maintain their control, they will have to yank the price below the strong support at $0.49. If this support gives way, the pair may drop to $0.45.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.