Bitcoin Price Forecast: Bulls sets sight on all-time high
Bitcoin (BTC) eases slightly on Monday, trading at around $68,400, after a 9.8% rally last week which was bolstered by a $2.13 billion inflow into the US spot Exchange Traded Funds (ETFs).
On-chain data further supports a bullish outlook as Bitcoin’s open interest has reached an all-time high (ATH) of over $40 billion and amid an increase in whale wallets. At the same time, reports suggest that the SEC’s approval of Bitcoin ETF options on the NYSE could enhance liquidity and attract sustainable inflows, supporting the “Uptober” narrative.
Crypto tokens unlock over $400 million in coins this week: Solana, Worldcoin, Bittensor among top 3
Solana (SOL), Worldcoin (WLD) and Bittensor (TAO) lead among those crypto projects set to unlock millions of dollars worth of coins this week. Data from token unlock tracker Tokenomist.ai shows several projects are lined up to unlock over $400 million in cryptocurrencies.
The crypto market maintains an upward momentum
The crypto market has maintained its upward trajectory, with total capitalisation up more than 7% in seven days to $2.39 trillion, the highest since late July. The Cryptocurrency Fear and Greed Index is in the 71-73 (greed) range for the sixth day, also replicating the late July performance.
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Bitcoin Price Forecast: Bulls sets sight on all-time high
US Spot ETFs recorded an inflow of $2.13 billion last week, with BlackRock (IBIT) funds accounting for $1.14 billion. On-chain data suggests a bullish outlook for Bitcoin as open interest reaches a new all-time high and the number of whale wallets is also increasing.
Crypto tokens unlock over $400 million in coins this week: Solana, Worldcoin, Bittensor among top 3
Solana, Worldcoin and Bittensor lead among those crypto projects set to unlock millions of dollars worth of coins this week. Data from token unlock tracker Tokenomist.ai shows several projects are lined up to unlock over $400 million in cryptocurrencies.
ApeCoin surged more than 70% following the launch of ApeChain
ApeCoin (APE) consolidates its gains on Monday after surging over 70% on Sunday following its new cross-chain bridge announcement on ApeChain. This bridge enables users to transfer APE tokens between the Ethereum and Arbitrum networks.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Could BTC reach its all-time high of $73,777?
Bitcoin (BTC) is approaching the resistance level of around $70,000. A firm close above this mark could trigger a rally to retest its all-time high. Ethereum (ETH) is nearing its descending trendline, with a break and close above signaling a potential rally.
Bitcoin: Will the “Uptober” rally reach a fresh all-time high?
Bitcoin rallied nearly 8% so far this week until Friday after breaking its resistance barrier, aiming for a fresh ATH. This rise in Bitcoin’s price is supported by an increase in institutional demand, which showcased a $1.86 billion inflows this week, the largest streak of inflows since mid-July.
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