(*17*)Bitcoin (BTC) is buying and selling barely down round $67,000 on Thursday after a 7.5% rally since Monday. CryptoQuant’s weekly report helps continued upward momentum for the primary crypto asset, highlighting the growing demand for BTC in per week by which US-listed spot ETFs have registered inflows for 3 consecutive days. Rising demand and stories pointing that BTC worth might additional improve have fuelled optimism across the “Uptober” narrative, as October has historically been a powerful month for buyers.
(*17*)Ripple (XRP) trades above $0.5400 on October 16, Wednesday. The Ripple Swell occasion bulletins and Securities & Change Fee (SEC) vs. Ripple lawsuit’s enchantment course of and its timeline are the important thing market movers for the altcoin.
(*17*)The cryptocurrency market stays regular at round $2.31 trillion in market capitalisation, mirroring the native highs of late September, whereas Bitcoin continues to climb. The pause in total progress has led to a 2-point dip within the Cryptocurrency Market Sentiment Index, now at 71—nonetheless reflecting high-level greed.