Bitcoin Price Forecast: Bulls sets sight on all-time high
Bitcoin (BTC) eases slightly on Monday, trading at around $68,400, after a 9.8% rally last week which was bolstered by a $2.13 billion inflow into the US spot Exchange Traded Funds (ETFs).
On-chain data further supports a bullish outlook as Bitcoin’s open interest has reached an all-time high (ATH) of over $40 billion and amid an increase in whale wallets. At the same time, reports suggest that the SEC’s approval of Bitcoin ETF options on the NYSE could enhance liquidity and attract sustainable inflows, supporting the “Uptober” narrative.
Crypto tokens unlock over $400 million in coins this week: Solana, Worldcoin, Bittensor among top 3
Solana (SOL), Worldcoin (WLD) and Bittensor (TAO) lead among those crypto projects set to unlock millions of dollars worth of coins this week. Data from token unlock tracker Tokenomist.ai shows several projects are lined up to unlock over $400 million in cryptocurrencies.
The crypto market maintains an upward momentum
The crypto market has maintained its upward trajectory, with total capitalisation up more than 7% in seven days to $2.39 trillion, the highest since late July. The Cryptocurrency Fear and Greed Index is in the 71-73 (greed) range for the sixth day, also replicating the late July performance.
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