Uptober Emerges with Increased Stablecoin Liquidity and Bitcoin Transactions
The latest developments in the crypto market are covered in CoinDesk's daily newsletter, First Mover. The newsletter includes information on the formation of Uptober due to increased stablecoin liquidity and Bitcoin transactions, as well as the biggest outflows from Ether ETFs since July. Bitcoin has broken the $64K mark while gold prices are also rising. The ETH/BTC ratio has dropped to its lowest point since April 2021, leading to questions about whether Bitcoin is losing its bullish momentum. The CoinDesk 20 Index has increased by 9.66%.
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
PayPal Expands Portfolio with Solana and Chainlink Aiming for Greater Cryptocurrency Flexibility
Altcoin volumes are ‘more concentrated’ than ever
Altcoin trade volume has returned to pre-FTX levels, but with a shrinking pool of market leaders
XRP price sell-off set to accelerate in April as inverse cup and handle hints at 25% decline
US Treasury Targets Houthi Crypto Wallets, Financial Network
Trending news
MoreCrypto prices
More
