Bitcoin Surges Past $65,400 Amidst Market Gains
The Economic Times reports that Bitcoin has surged above the $65,400 mark as of October 15. This rise is accompanied by notable increases in other cryptocurrencies such as Chainlink and Dogecoin, which have seen gains of up to 5%. The report highlights a positive trend across various digital currencies amidst fluctuating market conditions.
Spot ETFs Attract Significant Inflows Boosting Bitcoin Prices
According to Decrypt, spot Exchange-Traded Funds (ETFs) for Bitcoin have attracted over $556 million recently. Fidelity's ETF led with an inflow of $239 million while Bitwise contributed another $100 million. Ethereum also saw increased interest with net inflows reaching $17 million. Analysts suggest this influx indicates growing institutional confidence in cryptocurrency markets.
September Sees Low Crypto Spot Volumes Despite Price Rise
A detailed analysis from Finance Magnates reveals that despite a price increase in September, crypto spot volumes hit their lowest point in ten months at just $715 billion. Binance continues its dominance among exchanges, but Upbit showed resilience by increasing its volume by 5%, surpassing Coinbase during the period.
Sources:
- Cryptocurrency Prices on October 15: Bitcoin jumps above $65,400; Chainlink, Dogecoin surge up to 5%
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- Crypto Price Analysis 10-15 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGWIFHAT: WIF, UNISWAP: UNI, INTERNET COMPUTER: ICP, OPTIMISM: OP
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