AXS and SAND are leading the way with double-digit growth. Today's cryptocurrency market: the global cryptocurrency market is booming today, with market capitalization up 1.31% and total turnover reaching $2.33 trillion.
Market sentiment remains neutral, as evidenced by the Fear and Greed Index at 58. Bitcoin's dominance rose to 57.7 percent, indicating its continued strength, while Ethereum retains 13.6 percent. The positive sentiment suggests that the upturn may have finally arrived.
the uptrend in #bitcoin and the #cryptocurrency market has been driven by interest from institutional investors and ETFs. In particular, Samara Cohen, chief investment officer at BlackRock, noted that investor interest is growing, with direct investors making up 80% of bitcoin-spot #ETF buyers. Inflows into these ETFs surged to $274 million on October 18, marking the sixth consecutive day of positive inflows; ARK Invest and BlackRock led the inflows, investing a total of $180 million.
Over the past 24 hours, the price of bitcoin (BTC) rose 0.93% to stabilize at $68,392.25. This positive movement is largely due to the steady inflow of funds into the Spot Bitcoin ETF fund. Market analysts expect further gains as inflows into the ETF continue to increase.
Will #BTC reach the $100,000 mark this year? Read our bitcoin price forecast for more information!
Ethereum (ETH) is up 1.13% to trade at $2,646.11, Solana (SOL) is up 1.34% to $154.61, XRP (XRP) is moderately up 0.60% to currently trade at $0.5465, and BTC is up 1.25% to $BTC AXS leads the top 100 largest cryptocurrencies, up 15.32% to $5.34. It is followed by SAND, up 13.51% to $BTC Meanwhile, BCH falls 1.73% to $ 365.25 and OM falls 1.21% to $ 1.53.
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