Crypto Market Update: The crypto business has continued an uptrend, with its market cap increasing by 2.25% in 24 hours to $2.28 trillion. The positive sentiments have pushed the Fear & Greed index’s reading to a neutral score of 56. As a result, the trading volumes have surged by 56.06% bringing the 24-hour volume to $90.7 billion.
Bitcoin price has crossed the psychological $65k level, trading at $65,231.76 after a 2.15% increase in the previous 24 hours. This momentum is fueled by significant inflows into Bitcoin ETFs, which totaled $555.86 million as of October 14th. Analysts are keeping a careful eye on Bitcoin as it maintains strong support, aided by rising trade volumes, which have increased by 71.99% in the last day.
Interested about BTC’s future price targets? Our Bitcoin Price Prediction answers that and much more!
Ethereum has also been riding the wave, registering a 2.53% rise and reaching $2,589.32. The largest altcoin has attracted interest from institutional investors, with Ethereum ETFs reporting over $17 million in inflows. Ethereum’s growing presence in the ETF space could signal more institutional confidence in the altcoin.
Keen on the long-term price targets of ETH? Read our Ethereum Price Prediction
Altcoin Market Movements:
Solana’s price continues its steady climb, surging 2.17% to hit $154.50, while XRP recorded a modest 1.27% increase, currently priced at $0.5434. Sui, amid the recent controversies over insider token sale allegations, has recorded a price change of -2.68% to $2.19.
Top Gainers & Losers:
Top gainers included BOME and MEW, which both increased by 17.89% and Bitcoin Cash (BCH), which increased by 13.59% to $370.50. Conversely, Bittensor (TAO) suffered a loss of 4.70%, while Sei experienced a decline of 2.92%.
Stay tuned for more updates as the market continues to evolve with high investor engagement and growing ETF investments.
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