Daily Market Review: October 25
đ #BTC (daily chart): News of BlackRock's ongoing changes to the listing of Bitcoin ETFs has confused market participants, and Bitcoin has slowed its growth. The asset returned to the ascending channel it left in August. The Balance Volume line has broken through the key resistance level, but the instrument is consolidating and a slight pullback of Bitcoin is expected. The price pattern of a week ago is likely to be repeated: several days of consolidation above $33,100, followed by an upward movement of Bitcoin to the upper boundary of the channel - to $36,250 with a possible breakdown.
đ #ETH : Ethereum fell to the level of $1,750, from which it is expected to rebound and rise to $1,810.
đ Altos: #UCJL is up 33% after listing on Indodax. #STRAX increased in price by 30% after the announcement of migration to StratisEVM. Integration of#FXwith the Rabby Wallet cryptocurrency wallet increased the value of#FXby 20%.
đ Cryptocurrency market: Market capitalization decreased by 0.9%, Bitcoin dominance increased by 0.2%. Altcoins are likely 2-3 days away from closing the gap with Bitcoin. Bitcoin is then expected to continue to grow and its dominance to increase
