Uptober Emerges with Increased Stablecoin Liquidity and Bitcoin Transactions

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Cointime2024/11/06 13:22

By:Cointime

The latest developments in the crypto market are covered in CoinDesk's daily newsletter, First Mover. The newsletter includes information on the formation of Uptober due to increased stablecoin liquidity and Bitcoin transactions, as well as the biggest outflows from Ether ETFs since July. Bitcoin has broken the $64K mark while gold prices are also rising. The ETH/BTC ratio has dropped to its lowest point since April 2021, leading to questions about whether Bitcoin is losing its bullish momentum. The CoinDesk 20 Index has increased by 9.66%.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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