Uptober forming as stablecoin liquidity and Bitcoin transactions rise
The latest developments in the crypto markets are covered in CoinDesk's daily newsletter, First Mover. The current trends include a rise in stablecoin liquidity and Bitcoin transactions leading to the formation of "Uptober," while Ether ETFs have seen their biggest outflows since July. Bitcoin has broken the $64K mark, while gold prices have also surged. The ETH/BTC ratio has dropped to its lowest point since April 2021, leading some to question whether Bitcoin is losing its bullish momentum. The CoinDesk 20 Index currently stands at 2,055.12, a decrease of 1.52%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Evaluating Probability of Ethereum Breaching the $4K Milestone Soon
Ethereum's Potential Bull Run Versus Existing Downward Forces: The Battle for the $4K Mark
What Stage of the Bitcoin Bull are We in? Are We Nearing The End Or Are We Just Getting Started?
Which stage of the bull run are we in in Bitcoin, the world's largest cryptocurrency? Are we nearing the end of the bull run? Here is the analyst forecast.
IOTA Rebased Testnet Onboards Trusted Validators Securing Billions in Assets
NEAR Protocol Supports Web3 AI With New $20M Development Fund
Trending news
MoreCrypto prices
More
