Uptober Emerges with Increased Stablecoin Liquidity and Bitcoin Transactions
CoinDesk's daily newsletter, First Mover, reports on the latest developments in the crypto market. The current market trends show an increase in stablecoin liquidity and Bitcoin transactions, leading to the formation of "Uptober." Ether ETFs have seen the biggest outflows since July, while Bitcoin has broken the $64K mark and gold prices soar. The ETH/BTC ratio has dropped to its lowest point since April 2021, raising questions about Bitcoin's bullish momentum. The CoinDesk 20 Index currently stands at 2,561.84, up 2.14%.
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