After a brief dip below the $60,000 mark on October 10, Bitcoin (BTC) has regained momentum, inching closer to its all-time high (ATH) of $73,700, reached in March of this year. This price recovery follows considerable volatility experienced by the largest cryptocurrency on the market throughout the year, with significant price swings, including sharp falls of almost 20% on 5 August and 6 September. Despite these setbacks, indicators suggest that the bull run that investors have been anticipating for the last quarter of the year may still be on the horizon. Crypto analyst Ali Martinez recently highlighted BTC’s recovery just below the $66,000 mark, stressing that if this level can be maintained in the coming days, further gains could be in store. Historical Patterns Suggest Bitcoin Could Surge Past $70,000 In a series of posts on social media platform X (formerly Twitter), Martinez pointed out that Bitcoin is once again attempting to break through the critical 200-day moving average (MA), which currently sits between $63,000 and $64,000 on the daily chart. The analyst noted that after four previous rejections at this level this year, Bitcoin’s repeated attempts to break above this level could signal a significant turning point for the upcoming price action. Martinez also highlighted a historical pattern: each of the last three times Bitcoin successfully broke above the 200-day moving average, it led to parabolic bull runs. This suggests that if Bitcoin can consolidate above this key level for the remainder of the month, the likelihood of exceeding the $70,000 mark for the first time in nearly three months increases significantly. Looking ahead, the analyst has set a target of $78,000 for Bitcoin in the near term. Historical Trends And Election Dynamics Fuel Optimism Bloomberg recently highlighted Bitcoin’s price recovery, linking it to improving expectations around the US regulatory landscape for cryptocurrencies, particularly in the wake of the upcoming presidential election. Democratic nominee and Vice President Kamala Harris announced her commitment to establishing a supportive regulatory framework for crypto, coinciding with outreach efforts aimed at Black male voters as election day approaches. In contrast, Harris’ Republican rival Donald Trump has positioned himself as a strong advocate for the digital asset industry, including promises to make changes to the US Securities and Exchange Commission (SEC) and to establish a Bitcoin reserve for the nation, which Bloomberg believes could resonate with voters in a close race. Noelle Acheson, author of the Crypto Is Macro Now newsletter, noted that recent market movements appear to be election-driven. Initially, Bitcoin’s uptick was influenced by Trump’s lead in prediction markets and polls. This was followed by favorable comments regarding crypto from the Harris campaign, suggesting a less restrictive approach compared to the current Biden administration. Although specifics of Harris’s crypto policy remain unclear, the sentiment indicates a potential shift toward a more positive regulatory environment. In addition, October has historically been a strong month for BTC, with the cryptocurrency gaining an average of 20% during this time over the past decade. Sean Farrell, head of digital asset strategy at Fundstrat Global Advisors LLC, pointed out that historical trends suggest that this seasonal strength is typically more pronounced in the second half of the month, suggesting that BTC’s price could see further gains as the month progresses. At the time of writing, Bitcoin is trading at $65,970, up more than 5% in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com

Ethereum price started a fresh increase above the $2,500 resistance. ETH is up over 5% and might continue to rise if it clears the $2,650 resistance. Ethereum started a fresh increase above the $2,500 and $2,550 resistance levels. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,52 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rally if it clears the $2,620 and $2,650 resistance levels. Ethereum Price Jumps Over 5% Ethereum price formed a base above the $2,400 level and started a fresh increase. ETH cleared the $2,450 and $2,500 resistance levels to move into a positive zone, beating Bitcoin. The bulls even pushed the price above the $2,600 level. A high was formed at $2,650 and the price is now consolidating gains. The price is stable above the 23.6% Fib retracement level of the upward wave from the $2,442 swing low to the $2,650 high. Ethereum price is now trading above $2,550 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $2,52 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,640 level. The first major resistance is near the $2,650 level. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,800 resistance zone in the near term. The next hurdle sits near the $2,880 level or $2,920. Another Decline In ETH? If Ethereum fails to clear the $2,650 resistance, it could start another decline. Initial support on the downside is near the $2,600 level. The first major support sits near the $2,520 zone and the trend line or the 61.8% Fib retracement level of the upward wave from the $2,442 swing low to the $2,650 high. A clear move below the $2,520 support might push the price toward $2,450. Any more losses might send the price toward the $2,400 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,600 Major Resistance Level – $2,650

Bitcoin has recently begun to see a major recovery in its price, reclaiming the $66,000 mark earlier today. This sudden positivity in price performance has prompted debates on whether retail investors and newcomers have returned to the market. Although there has so far been speculation about increased retail participation, a detailed analysis reveals a more nuanced picture. A Closer Look At Retail Participation According to a CryptoQuant analyst, BinhDang, in a recent post on the CryptoQuant QuickTake platform, the trends among smaller retail groups show growth and stagnation in different areas, reflecting a complicated dynamic in the current market cycle. In the post titled “1 Year Change – From Plankton to Fish Addresses,” BinhDang broke down Bitcoin wallet activity into several categories of retail investors, including plankton (addresses holding more than 0 but less than or equal to 0.1 BTC), shrimp (holding more than 0.1 but less than 1 BTC), and fish (holding between 10 and 100 BTC). These smaller groups were analyzed because they better represent retail investors than larger wallet categories like whales or humpbacks, which tend to be dominated by institutional players or exchanges. One of the key observations made by BinhDang is that the growth in retail addresses is uneven, particularly among the smallest investors. The plankton addresses, representing individuals holding tiny amounts of Bitcoin, have shown almost negligible growth from 2023 to the present day. This starkly contrasts previous cycles, where significant price increases were accompanied by a sharp rise in the number of retail investors holding small amounts of Bitcoin. The analyst explained that this slower growth could reflect broader economic conditions, including the global decline in monetary flows over the past few years, which may have discouraged new entrants from investing in Bitcoin. Potential For Future FOMO In Bitcoin’s Bull Cycle The uneven growth in retail addresses points to a cautious return of retail investors to the Bitcoin market. However, there are still positive signs that the current cycle has room to expand. BinhDang highlighted the trend of retail investors, particularly those in the “fish” category (holding between 10 and 100 BTC), who have continued accumulating Bitcoin, suggesting that while smaller investors may be hesitant, more seasoned participants are preparing for the next phase of the bull cycle. The data indicates that while retail participation is not as strong as in previous cycles, there remains the potential for a final wave of FOMO (Fear of Missing Out) that could drive Bitcoin to new heights. The analyst particularly wrote in the post: Featured image created with DALL-E, Chart from TradingView

Bitcoin price started a fresh rally above the $64,500 resistance zone. BTC is now consolidating and might struggle to surpass the $66,400 resistance. Bitcoin is up over 5% and now faces hurdles near the $66,400 zone. The price is trading above $64,500 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $65,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a close above the $66,400 resistance zone. Bitcoin Price Surges Over 5% Bitcoin price formed a base and started a fresh increase above the $62,500 resistance. BTC cleared the $63,500 resistance to move into a positive zone. The price even rallied above the $65,000 and $65,500 resistance levels. Finally, the price stalled near the last key resistance at $66,400. A high was formed at $66,398 and the price is now consolidating gains. There was a minor decline below the $66,000 level. The price is now approaching the 23.6% Fib retracement level of the upward wave from the $62,139 swing low to the $66,398 high. Bitcoin price is now trading above $65,000 and the 100 hourly Simple moving average. There is also a short-term bullish trend line forming with support at $65,400 on the hourly chart of the BTC/USD pair. On the upside, the price could face resistance near the $66,000 level. The first key resistance is near the $66,400 level. A clear move above the $66,400 resistance might send the price higher. The next key resistance could be $66,850. A close above the $66,850 resistance might initiate more gains. In the stated case, the price could rise and test the $67,500 resistance level. Any more gains might send the price toward the $68,000 resistance level. Another Decline In BTC? If Bitcoin fails to rise above the $66,400 resistance zone, it could start another decline. Immediate support on the downside is near the $65,400 level and the trend line. The first major support is near the $64,250 level or the 50% Fib retracement level of the upward wave from the $62,139 swing low to the $66,398 high. The next support is now near the $63,500 zone. Any more losses might send the price toward the $62,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $65,400, followed by $64,250. Major Resistance Levels – $66,000, and $66,400.

SOL surpasses $150 for the first time since October 1. Open interest in the derivatives market mirrors the price uptrend. Technical indicators suggest a potential 32% surge to $201.55. Solana (SOL) has demonstrated remarkable resilience, breaching the $150 threshold for the first time since October 1, signaling a potential reversal of its recent downtrend. This resurgence comes after a tumultuous start to the month, where initial optimism gave way to a sharp decline to $136.90 just days after reaching $160. The current price action, with SOL trading at $155, suggests that the altcoin may be breaking free from the descending trendline that has constrained its movement since late July. This latest attempt marks the third try at overcoming key resistance levels, following failed breakthroughs at $185 in late July and $160 in late September. Open Interest complement’s Solana’s price recovery Complementing SOL’s price recovery, the Open Interest (OI) in the derivatives market has mirrored the altcoin’s upward trajectory. OI, a crucial indicator of speculative activity, has returned to its October 1 peak of $1.89 billion, coinciding with SOL’s initial rally. This alignment of price action and rising OI typically signals increased market participation and growing confidence in a sustained bullish trend. Source: Santiment Technical analysis of the daily chart reveals SOL approaching the $159.42 resistance level. The Relative Strength Index (RSI) shows an upward trend, crossing above the 50.00 signal line, indicating bullish momentum. Additionally, the Supertrend indicator has flashed a buy signal, with its green area positioned below Solana’s price, further supporting the bullish narrative. Should these positive indicators hold, Solana could potentially surge by 32%, targeting the $201.55 level. However, market participants must remain cognizant of potential hurdles.

Credit lines are a lifeline for smaller commodity dealers. It is difficult for smaller companies to get the capital they need to stay in operation. In its pursuit of methods to use its substantial earnings, Tether Holdings Ltd., the corporation responsible for the USDT stablecoin, is contemplating financing to commodities traders. The corporation has reportedly approached many commodities businesses about US-dollar lending, according to sources familiar with the situation. A market that has relied on loans from legacy banks since the beginning of time might be thrown into chaos by this. Several commodities trading businesses and Tether Holdings Ltd have allegedly discussed the possibility of US dollar lending. Credit lines are a lifeline for smaller commodity dealers that rely on them to finance the international transportation of food, metals, and oil. Still, in the face of changing markets and stricter lending, such businesses found it harder to secure finance. Faster Settlements and Fewer Trade Frictions As a result of sanctions, businesses in nations like Russia and Venezuela have begun using USDT instead of the US currency. The stablecoin’s distribution outside of crypto markets and into more traditional financial areas will be accelerated by the company’s successful endeavors. Stablecoins are becoming more important for improving liquidity and network utilization, as the recent spike in supply on the TON Blockchain has shown. Trades in commodities, such as food, metals, and oil, can’t happen without access to credit lines. Trade behemoths like Trafigura Group maintain a vast credit network. Roughly 150 financial institutions have extended credit lines totaling $77 billion to Trafigura. It may be especially difficult for smaller companies to get the capital they need to stay in operation. Actually, it is what sets Tether’s proposal apart from the competition; it would provide money without the burdensome regulatory hurdles that traditional lenders face. This would be very attractive to traders seeking speed and easy access to cash since it would likely lead to faster settlements and fewer trade frictions. Highlighted Crypto News Today: Charles Hoskinson Suggests ADA Price Pump Could Silence Cardano Critics

SUI breaks $2, reaching new ATH of $2.36. Short-term pullback expected to $2.16 before potential rebound. Long-term projections suggest $3 by month-end and $5 by year-end. SUI has demonstrated remarkable resilience, surging past the $2 threshold and establishing a new all-time high (ATH) of $2.36 during early trading hours. This unprecedented price action has ignited optimism among traders, fueling expectations of sustained bullish momentum in the near term. As SUI regains lost ground and attention, market participants anticipate a period of price discovery and potential stabilization at these elevated levels. Drawing parallels to Solana’s meteoric rise in 2021, which saw SOL skyrocket beyond $220, analysts view SUI’s recent performance as the potential beginning of a fresh upward cycle. However, the path to higher targets, such as the $2.5 to $2.55 range, hinges on specific market conditions being met. SUI technical analysis shows bullish sentiment Technical analysis reveals SUI’s price movement within a rising parallel channel, indicative of robust bullish sentiment. The recent touch of the upper resistance, coinciding with the new ATH, suggests a possible minor pullback to the channel’s average bands. This short-term bearish narrative finds support in technical indicators, with the Stochastic RSI heading towards lower support and the MACD signaling a reduction in buying pressure. This confluence of factors points to a potential short-term retracement to the $2.16 level over the next couple of days. However, this pullback may set the stage for a renewed upswing, with bulls potentially regaining control at the average bands and propelling SUI towards new heights above $2.4. Looking beyond these short-term fluctuations, the broader outlook for SUI remains decidedly bullish. Market projections suggest the potential for SUI to close the month around the $3 mark, with ambitious targets of $5 by year-end. These long-term forecasts underscore the growing confidence in SUI’s fundamental value proposition and its ability to capture market share in the competitive blockchain ecosystem.

Charles Hoskinson suggests ADA price pump could silence Cardano critics. Cardano faces ongoing FUD, with ADA struggling to break $1 since April 2022. Analysts speculate on potential price surge, with one predicting $0.5 by October end. Cardano founder Charles Hoskinson has sparked discussion within the cryptocurrency community by suggesting that a significant price increase for ADA could potentially resolve the network’s ongoing challenges. This statement comes in response to persistent criticism and negative sentiment surrounding the Cardano ecosystem. The Cardano network has faced a barrage of skepticism in recent times, with detractors labeling it as “dead” or a “low integrity shitcoin.” These critiques have largely stemmed from ADA’s underwhelming price performance, as the token has struggled to breach the $1 mark since April 2022. Its closest approach to this psychological barrier in over two years was a brief surge to $0.8 in March. Hoskinson’s affirmative response to the notion that a price pump could silence critics highlights the intricate relationship between token value and project perception in the cryptocurrency space. This perspective raises questions about the role of market performance in validating blockchain projects and their underlying technologies. What is the catalyst for Cardano’s price surge? Amidst the ongoing debate, market analysts have begun speculating on potential catalysts for an ADA price surge. Notable among these predictions is Dam Gambardello’s bold bet that ADA will reach $0.5 by the end of October, a projection that would require a 29% price increase from current levels. Despite the prevailing skepticism, Hoskinson has consistently defended Cardano’s progress and potential. He emphasizes the network’s continued development, particularly highlighting the new governance system in the Voltaire era as a key driver for adoption and growth. Hoskinson argues that many grievances against Cardano stem from unexplored roadmaps and unfunded growth strategies, issues he believes the new governance model will address.

An expert believes that Dogecoin is on the verge of a huge price rally never seen since December 2021 as the cryptocurrency landscape showed it is ready for a breakout. Crypto analyst Ali Mаrtinеz weighed in on the coin’s technical landscape, saying Dogecoin’s price could rise to 200% in the upcoming weeks if the current pattern of indicators continues. Dogecoin’s Price On The Rise Martinez observed that Dogecoin was able to break out from a multi-year downward trend, noting that this usually led to an upsurge in the meme coin’s price. He noted that historically, the coin’s price rose by 200% after breakouts. He predicted that Dogecoin could potentially breach the $0.2236 mark, а level not seen since Dеcеmbеr 2021. In late September, the token experienced a breakout, leading to a 25% price surge. However, Dogecoin failed to sustain the price rally, falling off once again to $0.11. Other analysts shared the same forecast saying that if the coin successfully got ahead of the $0.1120 level, it would likely breach the $0.1315 mark easily this month. Howеvеr, analysts urged traders to be cautious with the potential price rally of Dogecoin, noting that а 60% rеtrаcеmеnt usually preceded in previous brеаkouts bеforе it gained momentum for an upwаrd trend. A Key Driver Of Growth An increase in Dogecoin’s active addresses is a primary reason why analysts are banking on a possible huge price rally for the cryptocurrency. Mаrtinеz revealed that аctivе DOGE аddrеssеs recorded its highest level in the last eight months, surging to 133,880. This rise of active addresses indicates that people are regaining their interest in the coin, noting a recent spike of nеw usеrs. It also implies that the additional traders are helping push for the token’s growth. For example, about 110,000 investors flocked to Dogecoin, putting the token ahead of its cryptocurrency rivals Shibа Inu and Pеpе. The growth in trading volume showed that the coin is regaining its appeal to traders seeking for a quick profit. Whale Activity Surged Experts also see whаlе аctivity as another driver in the resurgence of Dogecoin. In over a week, whales, large holders of the meme coin, have accumulated at least 2.07 billion DOGE, which is the lаrgеst sincе Jаnuаry. The amassing demonstrated traders’ growing confidеncе in the token. In past instances, huge buying usually resulted in significant pricе adjustments, serving as indicators of upcoming mаrkеt trеnds. One analyst noted that whales do not make lаrgе purchases unless they see a pricе growth in the future. Featured image from CNBC, chart from TradingView

Toncoin has cemented its position as a top 10 coin. However, considering the weakness across the board, TON, the native currency, has not been spared the hammering. Although losses might be contained, the coin is down nearly 36% from 2024 highs, finding strong support at around $4.5. TON buyers are confident prices will recover, breaking above $6 in the coming sessions. However, its performance will be shaped by market sentiment and how Bitcoin reacts to local support and resistance lines. TON Sharpe Ratio Rising While there are external factors to consider, one analyst notes that the Toncoin Sharpe Ratio is rising and is now in the “low-risk zone.” Based on the analyst’s assessment, TON offers a favorable risk-reward balance for holders and investors. Analysts use the Sharpe Ratio to gauge the risk-adjusted rate of return. The return is higher when it rises, even after factoring in existing risks. How prices perform depends on, among others, prevailing sentiment and adoption. As of mid-October, 77% of all TON traders expect prices to edge higher, looking at a CoinMarketCap poll. The analyst added that the improvement is noticeably better than last year when the Sharpe Ratio was in a “high-risk” zone. It remains to be seen whether prices will recover in the coming sessions. Toncoin Holders Exceed 90 Million: Will A Bitcoin Rally Spark Demand? Over the past few trading months, TON has grown in prominence, cementing its position in the top 10. The rapid valuation follows the success of some of its protocols, including the tap-to-earn game, Hamster Kombat. At the same time, meme coin interest is taking up shape in Toncoin, looking at trading volume associated with Dogs. According to on-chain data, the growth of Toncoin has seen its user base expand. As of early October, there were nearly 90 million TON holders, a 24X rise over the past year. With Toncoin dapps finding adoption, the more users choose to engage, buying TON, pushing prices even higher. If Bitcoin rises, breaking above $66,000 and $70,000 in the coming sessions, the probability of TON rising in tandem will be higher. As mentioned earlier, a decisive breakout above $6 could anchor the next leg up to June 2024 highs.

Technical analysis suggests that Shiba Inu is currently positioned at a critical price junction, one that could lead to a massive 400% breakout to the upside. According to an analyst on the TradingView platform, the current Shiba Inu price action is pointing towards a full breakout of a bull flag formation. If this interesting projection were to materialize as anticipated, it would put the meme-inspired cryptocurrency on a steady path to a return towards its current all-time high. Shiba Inu Price Waiting To Break Above Bull Flag Taking to the TradingView platform, the analyst (without_worries) revealed an interesting take after an analysis of the Shiba Inu price action since the beginning of the year. The analyst highlighted a significant correction by examining the 5-day candlestick price chart, noting that Shiba Inu has retraced approximately 75% from its yearly high of $0.00003595. This correction has been marked by a sequence of lower highs and lower lows, giving rise to the creation of a bull flag pattern. The analyst pointed out several reasons why going long on Shiba Inu now presents a favorable opportunity. The most critical factor is the breakout above the bull flag pattern, which often signals the continuation of an upward trend following a period of consolidation. In addition, the Relative Strength Index (RSI) has also provided a bullish signal. For the first time since April, the RSI has broken above a descending trendline and is now trending upward meaningfully. The RSI currently stands at 54.7 on the 5-day chart, relaying the inflow trend among investors. Although there remains the possibility of SHIB retesting the bull flag pattern, the analyst emphasized that if SHIB experiences a second impulsive move, it could trigger a repeat rally similar to the one seen during its last major breakout. During that previous rally, SHIB surged by about 400% to reach a peak of $0.00003595. If history were to repeat itself under similar conditions, Shiba Inu could see its price break above its current 2024 peak and reach a target between $0.00006204 and $0.000074. Bullish Predictions For SHIB The Shiba Inu price action in the past seven days has been highlighted by intense volatility. From October 7 to October 10, the SHIB price tended downward to reach a low of $0.00001613. Since that point up until the time of writing, SHIB has gained about 11.84%, although it has been rejected multiple times at $0.00001809. At the time of writing, SHIB is trading at $0.00001809. Another analyst, Javon Marks, is echoing the return to SHIB’s all-time high. According to Marks’ analysis, based on an earlier breakout of a falling wedge pattern, SHIB is now free for a run up to $0.000081.

Solana (SOL) is trading above $150 after days of uncertainty and testing critical demand levels. The altcoin has surged 13% since last Thursday, showing signs of strength amid market volatility. Now, Solana is just 5% away from the $160 key resistance, a crucial level it hasn’t surpassed since early August. This resistance marks a pivotal point for SOL, as breaking above it could trigger a significant bullish move. Top analyst and investor Carl Runefelt has shared a technical analysis suggesting that Solana is forming a bullish pattern. According to his analysis, if SOL breaks above this pattern, it could lead to a massive surge and potentially reach new all-time highs. As traders closely monitor this resistance level, the next few days will be crucial for determining Solana’s future price action. Investors are eager to see if SOL can break through and spark a broader rally or if it will face rejection and enter a consolidation phase. With momentum building, Solana’s price movements are at the center of attention in the crypto market. Solana Analyst Predicts New ATH Soon Solana is approaching the critical $160 resistance level after a 4% surge in the past few hours. Analysts and investors are paying close attention as the entire crypto market rebounds from local lows, and Solana is now poised to follow this trend. The cryptocurrency has gained 13% since last Thursday and is 5% away from breaking the key $160 resistance, a level it hasn’t surpassed since early August. The market’s growing optimism is reflected across social media platforms, where speculation about Solana’s future price action is mounting. Prominent crypto investor and analyst Carl Runefelt recently shared his technical analysis of Solana on X. In his analysis, Runefelt highlights that Solana is forming a bullish pattern, which could signal a massive breakout if the price breaks above the $160 resistance. According to Runefelt, Solana’s surge to new all-time highs would be substantial once it breaks the upper boundary of this bullish triangle pattern. The $160 zone has proven to be a key resistance level, pushing Solana’s price thrice since early August. As Solana moves closer to this critical level again, many investors are optimistic that the price will break through this time, leading to significant upside momentum. However, a failure to breach this resistance could result in consolidation, with traders looking for stronger confirmation of the next big move. The coming days will be crucial for Solana, as the market eagerly awaits confirmation of a breakout or further consolidation. If bulls break above the $160 resistance, it could pave the way for Solana to target new highs, driving renewed interest and momentum in the price of the altcoin. SOL Supply Zone About To Break Solana (SOL) is trading at $153 after a modest surge above the daily 200 moving average (MA) at $151. This upward movement marks a significant moment for SOL, as being above this crucial indicator is seen as a positive sign for potential future gains. If the price can maintain its position above the 1D 200 MA, it could pave the way for a direct push toward the key $160 resistance level. A successful close above $160 would open the door to a challenge of yearly highs around $210, enticing traders and investors looking for momentum in the altcoin. However, if Solana fails to maintain its position above the daily 200 MA, investors anticipate a retracement to lower demand levels around $140. Staying above the 1D 200 MA will be crucial in determining the short-term direction for SOL. Investors are closely monitoring these levels, as they could signal either a continuation of the bullish momentum or a potential reversal, leading to increased volatility in the coming days. Featured image from Dall-E, chart from TradingView

Solana (SOL) has continued its recent bullish wave during the last 24 hours with a surge of 4%, but the trend in this social media-related metric could be to watch out for. Traders May Have Become Too Hyped Around Solana On Social Media Recently According to data from the analytics firm Santiment, the positive sentiment around SOL on social media has shot up to a nine-month high following the latest bullish momentum that the coin has seen. The indicator of relevance here is the “Positive Vs. Negative Sentiment,” which, as its name suggests, keeps track of the ratio between the amount of positive and negative comments related to Solana that are appearing on social media. This metric works by analyzing the posts/threads/messages on various social media platforms (X, Reddit, Telegram, 4Chan, and BitcoinTalk) and running them through a machine-learning model to determine which ones relate to positive sentiment and which ones relate to negative sentiment. When the indicator has a value greater than 1, it means the number of positive posts are outweighing the negative ones right now. On the other hand, it being under the mark implies the dominance of bearish comments. Now, here is a chart that shows the trend in the Positive Vs. Negative Sentiment for Solana over the last few months: As displayed in the above graph, the Solana Positive Vs. Negative Sentiment has registered a large spike as the latest recovery in the asset’s price has taken place. With this spike, the indicator has reached a value of more than 5.6, which means social media users are making over 5.6 times as many bullish posts as bearish ones. This is the highest that the metric has been in around nine months, so the traders are clearly quite optimistic about the current SOL rally. While some bullish moods can be conducive to rallies, an excess of them can actually prove to be an obstacle. Historically, cryptocurrencies like Solana have tended to show moves that are opposite to what the crowd is expecting. The probability of a contrary move rises the more sure the traders become of a direction, so a highly bullish market can lead to tops in the price. This effect is also visible in the chart, as some past spikes in the Positive Vs. Negative Sentiment had occurred around local tops in Solana’s value. So far, SOL has only continued to rally further despite the investor FOMO, but considering the historical pattern, it’s possible a top may be hit before long, should hype on social media maintain at high levels. SOL Price Solana has continued its latest run with a 4% surge over the past day, which has taken its price above the $153 level.

The firm’s holdings of almost 3,912 BTC, valued at $244M, have increased due to this buildup. Galaxy Digital sent 7,000 ETH, or around $17 million, to Binance and OKX. On Monday, Mike Novogratz’s Galaxy Digital moved enormous quantities of Ethereum and Bitcoin, causing further commotion in the crypto market. Speculation among investors was sparked when on-chain data revealed that the digital assets financial services business transferred more than 7,000 ETH and 500 BTC between cryptocurrency exchanges. In the meantime, expectations of Chinese economic stimulus and Donald Trump’s lead in the presidential campaign caused Bitcoin and Ethereum prices to rise noticeably. In a week’s time, the digital wallet address (187f5QV6Q..) purchased almost 500 BTC. Valued at $31.38 million, on the Binance cryptocurrency exchange, according to on-chain data compiled by Arkham Intelligence. The firm’s holdings of almost 3,912 Bitcoin, valued at $244 million, have increased due to this buildup. This enormous holding highlights the growing interest in the asset among institutions. And sparks hope about the future possibilities of the flagship cryptocurrency. $17 Million Worth of Ethereum Dumped Also, according to recent on-chain statistics from Whale Alert, a wallet that had been inactive for about eleven years reemerged with over $1 million worth of Bitcoin. In the midst of market emotions bursting with an “Uptober rally,” this whale data adds to investor euphoria around the flagship coin. Arkham also showed that Galaxy Digital sent 7,000 ETH, or around $17 million. This was sent to Binance and OKX, two more on-chain transactions. The aforementioned sum was sent to the exchanges by the Mike Novogratz-led business using the address 0x335 in a string of three transactions that occurred on October 14. Even if the asset’s price is going up, investors are nonetheless worried about it due to the huge dumps. Today, market mood seems to be mostly optimistic. With Bitcoin price reaching $66k mark, which goes against what the trades described before suggested. Highlighted Crypto News Today: RBI Governor of India Shaktikanta Das Backs CBDC

The cryptocurrency space is evolving at lightning speed, with new tokens and projects launching almost daily. In this fast-paced environment, early access to tokens can make all the difference between missing out and seizing massive gains. This is where Galaxy comes in—a revolutionary platform that is reshaping how token trading works, offering users the chance to trade tokens before they officially launch. What is Galaxy? At its core, Galaxy is a pre-market platform designed for token trading. It enables users to buy and sell tokens before they launch, giving them early access to investment opportunities that would typically be reserved for insiders or high-net-worth individuals. In short, Galaxy opens the door to early-stage trading for everyone, leveling the playing field. By providing pre-market access, Galaxy helps traders and investors get ahead of the curve, potentially acquiring tokens at prices significantly lower than those available after the public launch. How Does Galaxy Work? The magic behind Galaxy lies in its cutting-edge collateral technology. This innovative system allows users to own and trade pre-launched tokens with reduced risk. Here’s how it works: Reduced Collateral Requirements: Unlike traditional exchanges where users must meet steep collateral demands, Galaxy offers a more flexible approach. Users only need to provide minimal collateral, making it easier to participate in the market without locking up large sums of capital. Cross-Market Settlements: Galaxy facilitates seamless cross-settlements, allowing users to buy and sell tokens across different networks effortlessly. This increases liquidity and provides more opportunities for buyers and sellers to connect. Vested Token Trading: One of the standout features of Galaxy is its ability to support the trading of vested tokens. Vested tokens are tokens that have been allocated but are subject to a lockup period. Typically, these tokens cannot be sold or transferred until a specific date. However, Galaxy’s innovative platform allows users to trade these vested tokens in a secure manner, offering a way to extract liquidity from assets that would otherwise remain illiquid. This is a game-changer for users who want to capitalize on their locked tokens without waiting for the vesting period to end. Privacy and Anonymity: In a world where data privacy is becoming more important, Galaxy ensures that users can trade tokens anonymously, adding an extra layer of security to every transaction. Why is Galaxy Unique? Galaxy is more than just a platform—it’s a groundbreaking solution for early-stage token trading that brings several key benefits: Early Access: Traders can acquire tokens before they hit the public markets, offering the chance to maximize returns by getting in at a lower price. Lower Risk: With reduced collateral requirements and innovative settlement options, Galaxy lowers the barriers to entry for users, allowing them to engage in trading without taking on excessive risk. Secure and Private: Galaxy’s anonymity features ensure that users’ identities are protected during transactions, a critical consideration in the increasingly regulated crypto world. Why Should You Care? For traders and investors who are always on the lookout for the next big project in the crypto space, Galaxy represents an unmatched opportunity. The platform is poised to disrupt the crypto market, giving users access to tokens that could potentially skyrocket in value once they officially launch. By getting in early, users can position themselves to capitalize on the next wave of token success stories. Whether you’re a seasoned crypto investor or someone new to the space, Galaxy provides a user-friendly, secure, and high-potential trading environment that’s set to make waves in the industry. The Future of Token Trading As the crypto space continues to evolve, platforms like Galaxy will play a pivotal role in shaping the future of token trading. With its cutting-edge features, including the ability to trade vested tokens and focus on early access, the platform is perfectly positioned to attract a wide range of users, from retail investors to professional traders. Galaxy is not just another trading platform—it’s a revolution in how tokens are bought and sold. By offering reduced collateral, cross-settlement options, and privacy, Galaxy empowers its users to take advantage of early-stage opportunities with less risk and greater flexibility. The introduction of vested token trading adds even more utility to the platform, giving users the freedom to trade locked tokens in a liquid marketplace. Final Thoughts As the cryptocurrency world grows, the demand for early access to promising tokens and liquidity for vested assets will only increase. Galaxy stands at the forefront of this movement, offering an innovative, secure, and user-friendly platform that is ready to reshape the future of token trading. If you’re looking for a way to stay ahead of the game, Galaxy is the platform to watch. To learn more and get started, visit the www.galaxy.inc platform today and explore the possibilities! For more information please visit X | Instagram Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Bullish BRETT price prediction for 2024 is $ 0.11830 to $0.23250. Brett (Based) (BRETT) price might reach $1 soon. Bearish BRETT price prediction for 2024 is $0.03165. In this Brett (Based) (BRETT) price prediction 2024-2030, we will analyze the price patterns of BRETT by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Brett (Based) (BRETT) Current Market Status What is Brett (Based) (BRETT)? Brett (Based) (BRETT) 24H Technicals BRETT (BASED) (BRETT) PRICE PREDICTION 2024 Brett (Based) (BRETT) Support and Resistance Levels Brett (Based) (BRETT) Price Prediction 2024 — RVOL, MA, and RSI Brett (Based) (BRETT) Price Prediction 2024 — ADX, RVI Comparison of BRETT with BTC, ETH BRETT (BASED) (BRETT) PRICE PREDICTION 2025, 2026-2030 CONCLUSION FAQ Brett (Based) (BRETT) Current Market Status Current Price $0.1114 24 – Hour Price Change 8.64% Up 24 – Hour Trading Volume $96.34M Market Cap $1.10B Circulating Supply 9.91B BRETT All – Time High $0.1939 (On June 09, 2024) All – Time Low $0.01945 (On March 19, 2024) BRETT Current Market Status (Source: CoinMarketCap) What is Brett (Based) (BRETT) TICKER BRETT BLOCKCHAIN Base Chain CATEGORY Memecoin LAUNCHED ON May 2024 UTILITIES Governance, Fast Transactions, Tipping & Gaming Integration Brett (Based) (BRETT) is a memecoin on the Base Chain, drawing inspiration from the Boys’ Club comics. It combines elements of pop culture with decentralized finance, serving as both a governance token and a utility for tipping creators on Base-based social platforms. With plans to introduce a GambleFi ecosystem, Brett aims to enhance user engagement through gaming. It is listed on major centralized and decentralized exchanges, benefiting from the rapidly expanding Base Chain ecosystem, which supports various projects and fosters innovation. Brett exemplifies the growing relevance of memecoins by blending community involvement with real-world utility. Brett (Based) 24H Technicals (Source: TradingView) Brett (Based) (BRETT) Price Prediction 2024 Brett (Based) (BRETT) ranks 66th on CoinMarketCap in terms of its market capitalization. The overview of the Brett (Based) price prediction for 2024 is explained below with a daily time frame. BRETT/USDT Rounding Bottom Pattern (Source: TradingView) In the above chart, Brett (Based) (BRETT) laid out a Rounding bottom pattern. The price movements form a pattern that resembles a bow and hence is also known as the saucer bottom pattern. In general, the rounding bottom pattern indicates a long-term price reversal. This pattern also emphasizes the changes in the market sentiment as the trend seems to shift from bearish to bullish. Investors generally have to stay cautious and time the market well. If the price breaks and moves past the resistance level, it will enter a confirmed bullish trajectory. At the time of analysis, the price of Brett (Based) (BRETT) was recorded at $0.1114. If the pattern trend continues, then the price of BRETT might reach the resistance levels of $012406, and $0.22819. If the trend reverses, then the price of BRETT may fall to the support of $0.08036. Brett (Based) (BRETT) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Brett (Based) (BRETT) in 2024. BRETT/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Brett (Based) (BRETT) for 2024. Resistance Level 1 $0.11830 Resistance Level 2 $0.23250 Support Level 1 $0.06345 Support Level 2 $0.03165 BRETT Resistance & Support Levels Brett (Based) (BRETT) Price Prediction 2024 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Brett (Based) (BRETT) are shown in the chart below. BRETT/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Brett (Based) (BRETT) market in 2024. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $0.09080Price = $0.11295 (50MA<Price) Bullish/Uptrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 78.11431 <30 = Oversold 50-70 = Neutral>70 = Overbought Overbought Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume Brett (Based) (BRETT) Price Prediction 2024 — ADX, RVI In the below chart, we analyze the strength and volatility of Brett (Based) (BRETT) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). BRETT/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Brett (Based) (BRETT). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 53.10897 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 71.99 <50 = Low >50 = High High volatility Comparison of BRETT with BTC, ETH Let us now compare the price movements of Brett (Based) (BRETT) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs BRETT Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of BRETT is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of BRETT also increases or decreases respectively. Brett (Based) (BRETT) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Brett (Based) (BRETT) between 2024, 2025, 2026, 2027, 2028, 2029, and 2030. Year Bullish Price Bearish Price Brett (Based) (BRETT) Price Prediction 2025 $1.6 $0.1 Brett (Based) (BRETT) Price Prediction 2026 $2.4 $0.09 Brett (Based) (BRETT) Price Prediction 2027 $3.1 $0.08 Brett (Based) (BRETT) Price Prediction 2028 $4.5 $0.07 Brett (Based) (BRETT) Price Prediction 2029 $5 $0.06 Brett (Based) (BRETT) Price Prediction 2030 $6.7 $0.05 Conclusion If Brett (Based) (BRETT) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Brett (Based) (BRETT) price prediction for 2024 is $0.23250. Comparatively, if unfavorable sentiment is triggered, the bearish Brett (Based) (BRETT) price prediction for 2024 is $0.1458. If the market momentum and investors’ sentiment positively elevate, then Brett (Based) (BRETT) might hit $1. Furthermore, with future upgrades and advancements in the Brett (Based) ecosystem, BRETT might surpass its current all-time high (ATH) of $0.03165. and mark its new ATH. FAQ 1. What is Brett (Based) (BRETT)? Brett (Based) (BRETT) is a memecoin on the Base Chain, drawing inspiration from the Boys’ Club comics. 2. Where can you purchase Brett (Based) (BRETT)? Brett (Based) (BRETT) has been listed on many crypto exchanges which include Gate.io, Bybit, OKX DEX, Kyberswap, Aerodrome, and Uniswap v3 (on Base Chain). 3. Will Brett (Based) (BRETT) reach a new ATH soon? With the ongoing developments and upgrades within the Brett (Based) Platform, BRETT has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Brett (Based) (BRETT)? On June 09, 2024, Brett (Based) (BRETT) reached its new all-time high (ATH) of $0.1939. 5. What is the lowest price of Brett (Based) (BRETT)? According to CoinMarketCap, BRETT hit its all-time low (ATL) of $0.01945, On March 19, 2024. 6. Will Brett (Based) (BRETT) reach $1? If Brett (Based) (BRETT) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1 soon. 7. What will be Brett (Based) (BRETT) price by 2025? Brett (Based) (BRETT) price is expected to reach $1.6 by 2025. 8. What will be Brett (Based) (BRETT) price by 2026? Brett (Based) (BRETT) price is expected to reach $2.4 by 2026. 9. What will be Brett (Based) (BRETT) price by 2027? Brett (Based) (BRETT) price is expected to reach $3.1 by 2027. 10. What will be Brett (Based) (BRETT) price by 2028? Brett (Based) (BRETT) price is expected to reach $4.5 by 2028. Top Crypto Predictions Sui (SUI) Price Prediction Polygon (MATIC) Price Prediction Stacks (STX) Price Prediction Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Leeds, United Kingdom, October 14th, 2024, Chainwire Minutes Network, the world’s first blockchain-based international voice-calling and wholesale termination service provider, is thrilled to announce the appointment of Jamie King as its new Chief Marketing Officer, effective October 14th, 2024. With a pioneering career in driving digital marketing transformations, Jamie is set to lead Minutes Network marketing initiatives into a new era of growth and engagement, bringing a wealth of expertise, vision, and leadership that will further drive the company’s commitment to providing voice carriers worldwide with the highest quality international terminations, at the lowest, market-beating, prices. Jamie King brings over 20 years of experience in product innovation and go-to-market strategies with a recent focus on Web3 and its potential to disrupt legacy industries. Renowned for his contribution to creative innovation as a co-founder of Rockstar Games, Jamie King has received multiple awards for his work, including a BAFTA for lifetime contribution in video games, Chief Marketer Pro Gold Awards, Tempest Esports Awards, a Clio and a 34th Sports Emmy Nomination for ‘Outstanding Digital Innovation.’ About Minutes Network Minutes Network offers a unique integration between telecommunications and the blockchain, leveraging existing and new, proprietary MinTech technologies to provide voice carriers worldwide with the highest quality international terminations at unmatchable prices. With twenty-four international points of presence, Minutes Network can terminate international traffic all day, every day, to any worldwide destination. Through innovative solutions and a dedication to excellence at pace, Minutes Network continues to set new standards in the Telecom Industry. For more information about Minutes Network and their leadership team, users can visit www.minutesnetwork.io and X account. Contact CEO Josh Watkins Minutes Network [email protected]

Diving into DeFi? You’ll need a wallet that does more than just store crypto—it needs to be your passport to a world of dApps, staking, NFT trading, and more. Think of it as your all-access pass to the digital universe, where you hold the keys. This article decodes the devils and darlings of 4 of the best DeFi wallets in 2024. Whether it’s Plus Wallet’s rewards, MetaMask’s Ethereum-savviness, Trust Wallet’s multi-chain mastery, or Coinbase Wallet’s simplicity for newbies; each has a unique vibe. Let’s see which DeFi wallet is your perfect match! 1. Plus Wallet: More Control, More Security, More Rewards! While plenty of wallets are out there, few hit the sweet spot of control, security, and rewards quite like Plus Wallet. With its “More is More” philosophy, Plus Wallet aims to give users exactly that: more control over assets, more robust security, and more ways to earn. First, let’s talk about control. Plus Wallet offers seamless cross-chain functionality, which means users can manage and swap various cryptocurrencies effortlessly—all in one place. Next up is security. In a world where security breaches are a real concern, Plus Wallet doesn’t take any chances. It uses advanced encryption to safeguard assets, along with Face ID and PIN code authentication, so that access remains strictly user-controlled. And then there are the rewards. Unlike wallets that occasionally offer bonuses, Plus Wallet keeps the rewards flowing with two consistent earning streams. With Swap to Earn, users collect rewards on every trade, turning routine swaps into profit-boosting opportunities. On top of that, Refer to Earn lets users benefit from their network’s activity, earning a share of rewards from friends’ swaps as well as their own. This dual system provides a steady way to increase holdings over time. 2. MetaMask: The DeFi Gateway That’s All About Ethereum MetaMask is like a Swiss Army knife for Ethereum lovers. It gives you easy access to thousands of decentralized apps (dApps) right from your browser or mobile device. You can swap tokens with minimal fuss and buy crypto using fiat money directly within the app. However, MetaMask isn’t ideal for everyone. It supports only Ethereum-based networks, which means if you’re looking to handle Bitcoin or Solana, you’ll need another wallet. Plus, MetaMask’s interface can be a bit tricky for newbies. And let’s not forget the 0.875% fee for swaps—worth considering if you’re a frequent trader. 3. Trust Wallet: Mobile Multi-Chain Tool Toolbox Trust Wallet shines when it comes to multi-chain support. With compatibility with multiple blockchains, this wallet lets you trade, store, and stake a vast array of digital assets. With its built-in dApp browser, you can explore DeFi platforms like Uniswap and even shop for NFTs on marketplaces like OpenSea. The downside? Trust Wallet’s Android app doesn’t get as much love as the iOS version, which receives updates more frequently. However, for mobile users who want a versatile, multi-chain wallet, Trust Wallet is a solid pick. 4. Coinbase Wallet: DeFi Made Simple for First-Timers Coinbase Wallet makes stepping into DeFi simple, especially for beginners. With support for over 100,000 digital assets and dApps, it’s a great starting point if you’re new to crypto. You can swap tokens, manage NFTs, and even explore DeFi projects—all while enjoying Coinbase’s renowned security. While Coinbase Wallet offers easy access across iOS, Android, and browser extensions, it lacks a desktop version, which could be a letdown for those who prefer using a computer. Additionally, Coinbase customer support has been criticized for slow responses. Rounding Up: The Best DeFi Wallets for 2024 These DeFi wallets give you full control, opening doors to dApps and Web3 without any middlemen. MetaMask sticks to Ethereum, offering easy dApp access but limited blockchain support. Trust Wallet supports many blockchains but lacks a desktop option, which could be a hurdle for some. Coinbase Wallet is great for beginners with its user-friendly setup, but the limited customer support might be a drawback. For those seeking a well-rounded option, Plus Wallet delivers a standout mix of cross-chain functionality and rewards, helping you grow your crypto holdings effortlessly! Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

The Indian Digital Rupee has long had the backing of RBI Governor Shaktikanta Das. CBDC has the potential to be an Indian digital currency that is more regulated and reliable. Shaktikanta Das, governor of India’s Reserve Bank (RBI), has emphasized the potential usefulness of the country’s digital rupee and restated his support for Central Bank Digital Currency (CBDC). Further, he reiterated his prior position on digital assets by praising the innovation and suggesting it may be used to circumvent certain cryptocurrency-related concerns. The Indian Digital Rupee has long had the backing of RBI Governor Shaktikanta Das. Recent reporting indicates that he has reiterated his belief that CBDC is crucial for navigating the unpredictable environment that he attributes to cryptocurrencies. Banking on CBDC Furthermore, he pointed out that CBDC has the potential to be an Indian digital currency that is more regulated and reliable. It has the ability to reduce the risks and volatility of other cryptocurrencies, including Bitcoin, Ethereum, and others. Moreover, Das has been working hard to update international money transfers, as mentioned in a recent report. He emphasized the importance of remittances for developing nations like India and pushed for faster and cheaper international money transfers. At the same time, he detailed how CBDCs may revolutionize P2P payments across borders by making them quicker and more efficient. He also said that India is considering expanding its real-time gross settlement (RTGS) system to settle transactions in leading global currencies including the US Dollar, Euro, and British Pound. This system is operational 24×7. Das claims that bilateral or multilateral agreements are now being considered to determine the expansion’s viability. Global transaction simplification is its primary goal. Incorporating CBDCs into such initiatives, according to the governor, would increase their usefulness and scope even further. Highlighted Crypto News Today: Bitcoin Surges Amidst Market Rally, Short Liquidation Crosses $100M

Following a range-bound weekend, Bitcoin reached $66,000 today. According to statistics, approximately $101.4 million in short positions were liquidated. On the last day, when the price of Bitcoin rose, crypto derivatives traders who had bet on a decline in the market were liquidated for almost $100 million. Following a range-bound weekend, Bitcoin reached $66,000 today, gaining 5.73% on the previous day. Bitcoin’s price returned to levels not seen since a long time. Reaching a high of $66,178 according to data from CMC, the highest level it has achieved so far in October. According to statistics from CoinGlass, approximately $101.4 million in short positions were liquidated throughout the crypto market due to Bitcoin’s quick price surge. Uptober Begins? Over $166 million was liquidated from 54,649 traders. On the past day, $52.33 million was accounted for by Bitcoin shorts. And $27.26 million was accounted for by Ether shorts. TradingView reports that Bitcoin’s market domination is near its greatest point since April 2021. When it surpassed 58%, thanks to its recent huge surge. In nine out of the last eleven years, October has shown positive returns for BTC, therefore analysts have hypothesized when the so-called “Uptober” might start. We are entering one of the most exciting stages in the market, according to Bitcoiner Kyle Chassé, who addressed his 219,000 followers on X on October 14th. Ether, meanwhile, recovered above $2,600, after a 7.76% increase in the last day. Altcoins have also been trending upwards over the previous day, with Solana seeing a 7.56% increase in value. According to CoinShares, $407 million has been put into global crypto funds last week by asset heavyweights including BlackRock, Bitwise, Fidelity, Grayscale, and ProShares. After losing $147 million the week before, this was a dramatic turnaround. Highlighted Crypto News Today: Bybit’s bbSOL Surpasses $100M TVL, Unlocks New Earning Potential