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Cryptocurrency News Articles
The Crypto Market Enters a Bullish Trend, with Top Crypto Leading by Example
Oct 15, 2024 at 05:07 pm
Bitcoin, Ethereum, and other big names gained considerable value in the past 24 hours.
The crypto market is finally seeing some bullish action, with top cryptocurrencies leading the way. Bitcoin, Ethereum, and other major digital assets saw significant gains over the past 24 hours.
The Fear and Greed Index has also reached Greed after months of stagnation. According to Cointree, the metric hit 65, indicating growing optimism among traders. Meme coins like SHIB and DOGE are also making impressive strides in the market.
Every cryptocurrency in the top 10 rankings, except for TRON, saw gains on Monday. Here's a quick overview of the overall crypto market with the latest updates.
Bitcoin
The market leader finally breached the $65k zone after several weeks. The world's largest cryptocurrency is trading at $65,191, showing a 2.13% growth in 24 hours.
Its weekly performance chart also indicates a 4.49% gain. Analysts anticipate that BTC will continue to surge and reach all-time highs in the coming months.
Bitcoin also saw positive results in the spot ETF arena, gathering $556 million in inflows for the first time since June.
According to historical data, BTC is now positioned well for a potential breakout.
Ethereum
Ethereum has been outperforming Bitcoin over the past week. On Monday, the second-largest cryptocurrency secured a 2.91% growth to test the $2,600 mark.
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- Render (RNDR) Skyrockets as Whale Activity and Key On-Chain Metrics Signal Bullish Momentum
- Oct 15, 2024 at 08:20 pm
- Render [RENDER] is drawing lots of attention as its large transactions skyrocketed massively in the past 24 hours. Given the altcoin's recent price action and support from several key on-chain metrics, the big question is whether the token is ready to break up the triangle consolidation and further advance the bullish rally.
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- MrBeast Accused of Making $10M+ by Backing Low-Cap IDO Crypto Tokens Promoted by Influencers
- Oct 15, 2024 at 08:20 pm
- Crypto researcher SomaXBT delved into the wallet's activities, revealing that the wallet, identified by leading blockchain analytics firm Arkham Intelligence as linked to MrBeast, allegedly "made $10M+ by backing low-cap IDO crypto tokens promoted by influencers like Lark Davis, CryptoBanter, KSI, and others."