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 $370.50. Conversely, Bittensor (TAO) suffered a loss of 4.70%, while Sei experienced a decline of 2.92%.
Stay tuned for more updates as the market continues to evolve with high investor engagement and growing ETF investments.
Coinbase Global Inc. (NASDAQ: COIN) announced plans to list PancakeSwap ($CAKE) in the near future.…
Treasure Global Inc. (NASDAQ: TGL), a United States-based tech company focused on developing consumer intelligence…
JPMorgan Chase & Co. (NYSE: JPM), a top-tier financial institution with a sprawling global presence,…
Future Pepe has officially launched its presale, initiating an ambitious mission to safeguard meme coin…
The United Kingdom is moving toward stronger cryptocurrency regulations. The government is working on new…
In 2025, Dubai crypto regulation has strengthened the city’s role as a global crypto hub.…
