Bitcoin Beats September's Curse: Is There Enough Demand for October?
Bitcoin (BTC) closed September with a 6.33% gain, breaking away from a month that has averaged losses since 2013. The buying that carried the rally, however, has thinned as October begins. Spot Bitcoin exchange-traded funds (ETFs) ended a 9-day inflow streak on Wednesday, while long-term holders stepped up their selling. Meanwhile, a large wall of The post Bitcoin Beats September's Curse: Is There Enough Demand for October? appeared first on BeInCrypto.
Key Takeaways
- Bitcoin (BTC) closed September with a 6.33% gain, breaking away from a month that has averaged losses since 2013.
- The buying that carried the rally, however, has thinned as October begins.
- Spot Bitcoin exchange-traded funds (ETFs) ended a 9-day inflow streak on Wednesday, while long-term holders stepped up their selling.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Exchange
Japan’s biggest payment network opens its doors for crypto via Binance Pay
The September 30 launch supports verified visitors at participating offline stores, with automatic yen conversion and merchant exceptions. The post Japan’s biggest payment network opens its doors for crypto via Binance Pay appeared first on CryptoSlate.
Bitwise Maps the 4 Corners of Crypto That Won As CLARITY Act Stalled
Bitwise investment chief Matt Hougan has named 4 corners of crypto that gained from the CLARITY Act’s collapse. Stablecoins, exchanges, tokenization platforms, and buyback-driven tokens top his list. Hougan laid out the 4 winners in Bitwise’s weekly memo on…
Singapore’s Crypto Activity Hits $284 Billion as Institutional Activity Jumps 94%
Singapore recorded $284 billion in crypto activity as institutional-platform business nearly doubled, according to Chainalysis. Exchange growth and net cross-border inflows accompanied the expansion, while smaller transfers revealed a separate pattern of…