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Table of contents
October has been slow – what’s next?
How ETF Inflows Boost Bitcoin
Bitcoin Technical Analysis
What’s Next for Bitcoin?
The market looks very bullish as Bitcoin has surged nearly 10% over the past 30 days. Bitcoin has been rising steadily since October 11, following continued positive inflows into the Bitcoin spot ETF market. At the same time, key technical indicators suggest a possible "golden cross," which typically signals more gains to come.
So, what’s behind Bitcoin’s latest price surge? Let’s explore.

DeFi and stablecoins have always been seen as the two pillars of the long-term growth of the BNBChain ecosystem. DeFi is used to build the on-chain economy, while stablecoins are committed to large-scale applications and attracting the next billion Web3 users.

This article will start from the recent achievements of BNB Chain in stablecoin gas-free transfers and TVL incentive programs, analyze the strategic measures behind these activities of BNB Chain, and the strong development potential of BNB Chain's DeFi ecosystem.

Results

BNB Chain recently launched a gas-free transfer event and TVL incentive plan in the field of stablecoins and DeFi. During the event, users can transfer stablecoins from CEX or other chains to BNB Chain or opBNB for free. At the same time, in order to enhance the retention of stablecoins on its network, a TVL incentive plan was also held to accelerate the growth of the DeFi ecosystem on BNB Chain.

What are the main takeaways from CoinGecko’s Q3 2024 report on crypto market highs and lows? How have market capitalization, trading volume, and investor sentiment changed this quarter?
According to CoinGecko’s Q3 2024 Crypto Industry Report, Q3 2024 was a roller coaster ride for the crypto markets, marked by key shifts in market dominance, surprising price moves, and investor interest.
Let’s break down the main highlights and explore how different sectors are performing and what the future holds for cryptocurrencies.
Table of contents
Cryptocurrency market value shrinks

Key Takeaways
Bitcoin ETFs have a total net asset value of $64.46 billion in BTC, or 4.82% of its market cap.
BlackRock’s BTC and ETH ETFs saw total inflows of $23.69 billion.
The Ethereum ETF owns $7.19 billion in ETH, or 2.28% of its market cap.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) are in bullish territory as BTC funds attract hundreds of millions and ETH fund flows begin to trend in the green.

Bitcoin ETF
According to data from SoSoValue, Bitcoin ETFs saw $458.54 million in cumulative net inflows as of October 16, 2024. More than $1.38 billion has poured into Bitcoin funds since Monday.

Bitcoin ETFs are accumulating massive inflows, with net inflows approaching $20 billion
At press time, Bitcoin is worth $67,847 — showing great resilience amid market developments
As the Bitcoin [BTC] ETF continues its impressive streak of inflows, accumulating $253.6 million on October 11, $555.9 million on October 14, and $371 million on October 15, the momentum is evident.
Eric Balciunas' comments spark concern
Seeing this, Eric Balchunas, a well-known ETF analyst at Bloomberg, made a bold prediction.

At press time, Notcoin is on the verge of a breakout.
Despite the bullish signal from NOT, traders should still proceed with caution.
Notcoin [NOT] has seen impressive gains over the past 24 hours, surging by over 9% at press time, according to data from CoinMarketCap.
Notcoin has a market cap of $914M and a trading volume of approximately $220M, an increase of 86% over the same period.

After months of downtrend, Notcoin, which has been falling since early June, is showing signs of a breakout. The coin has been following a descending trendline, producing lower lows with each touch.

Ethereum price will be at risk if it falls below key support levels.
Ethereum has noted high trading volatility, sparking investor concerns about further declines.
Despite ongoing concerns, many remain bullish on ETH’s long-term prospects.
Ethereum price has seen highly volatile trading recently, fluctuating between $2,600 and $2,300. However, during this period, a prominent crypto market has highlighted a key support level, a break below which could trigger further selling in the Ether market, potentially dragging its price down. In addition, a series of factors are also at play that could affect the price of ETH in the coming days.

If ETH bulls manage to recover from $2,300, it could result in 3x gains all the way to $6,000.
ICO-era Ethereum whales deposited 45,000 ETH ($113.3 million) into Kraken in the past 15 days.
As Ethereum faces weak market sentiment, investors are shifting their attention to other Layer-1 blockchains such as Sui, Solana, and Avalanche.
As Bitcoin liquidation continues, Ethereum, the world’s second-largest cryptocurrency, is facing a steeper correction, falling another 7% on the weekly chart. Ethereum price is trading closer to the critical support level of $2,300 while ETH whale selling continues this week.

Key points:
Dogecoin price surpassed $0.11 on October 11, a 7% increase, coinciding with the news that Elon Musk’s Tesla was launching a new line of self-driving electric vehicles.

Despite the sluggish price action, DOGE currently has 20 times more daily active users than Shiba Inu and 10 times more than Base’s top meme coin, DEGEN.
Tesla’s latest line of self-driving electric cars and personal assistant robots could provide new use cases for Dogecoin.
Dogecoin Price Analysis:
Dogecoin price surpassed $0.11 on October 11, up 7%, coinciding with the news that Elon Musk’s Tesla is launching a new line of self-driving electric vehicles. Can long traders take advantage of this milestone to rally to $0.15 again?

BTC’s recent volatility leads to $107 million in total liquidations
Analysts see $60,600 as a key level to determine BTC’s trajectory
Bitcoin’s price volatility has increased since the beginning of October. During this period, BTC hit a high of $66,500 and a low of $58,800, the latter being a price level reached less than 24 hours ago.

The drop below $60 had a huge impact on BTC holders, with many being forcibly liquidated. In fact, over $107 million has been liquidated.

This rise in volatility, coupled with current market conditions, raises questions about BTC’s future trajectory. This is why popular crypto analysts such as Rekt Capital suggest that BTC must remain above $60,600 for potential upside.

XRP’s recent downtrend triggered a bearish crossover of the 20-day and 50-day EMAs
Derivatives data slightly favors bulls, especially as altcoins approach their recent support levels
XRP continues its sideways trajectory after facing multiple rejections at the $0.60 resistance level in the last three months. The recent pullback from this level resulted in an ascending channel breakout on the daily chart, highlighting a potential shift in market sentiment.
At press time, XRP is trading at around $0.5328, having gained 1.66% over the past 24 hours.

Can XRP bulls stage a comeback?