Dogecoin DOGE/USD has experienced a 10% surge in the past 24 hours, surpassing its rival Shiba Inu SHIB/USD, as the overall market enters a green zone amid the optimism surrounding Bitcoin BTC/USD ETFs.

What Happened: The month of October seems to have ushered in a positive wave, with Bitcoin’s price smashing through the $34,000 barrier for the first time since May of the previous year. This increase reflects a staggering 14% gain within a day.

The sudden spike in Bitcoin’s price occurred on October 23, propelling BTC to rise over 10% from $31,000 to briefly touch $34,000, before settling at its current price of $34,752, based on data from CoinMarketCap. This rally triggered a wider…

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Pepe Coin PEPE/USD has experienced a staggering 32% surge within the past 24 hours, surpassing the gains of Bitcoin BTC/USD, Ethereum ETH/USD, Dogecoin DOGE/USD, Shiba Inu SHIB/USD, and other major meme coins.

What Happened: The surge in PEPE’s price coincides with a remarkable increase in trading volume, which has seen a 172% rise, reaching an impressive $303 million. The majority of PEPE’s trading occurred on Binance, accounting for over $90 million, followed by Kucoin with over $17 million.

While PEPE’s performance stole the show, other cryptocurrencies also recorded gains during this period. Dogecoin witnessed a 10.65% increase in price, while Shiba Inu rose by 8%. Bitcoin and…

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The crypto community has been left fearing the worst after seeing huge sums of liquidity drained from the cryptocurrency project Safereum just hours after its team had finalized a massive $600,000 fundraising.

According to blockchain security firm CertiK and other analysts, the developers of Safereum — using the token deployment address “safereum.eth” — unlocked the supply of the token and dumped more than 600 Ether (ETH) worth of its holdings, causing the price of the Safereum (SAFEREUM) token to plunge more than 94%.

#CertiKSkynetAlert

We can confirm that @Safereumio has conducted an exit scam for ~$1.3m

Eth: 0xb504035a11E672e12a099F32B1672b9C4a78b22f

safereum.eth unlocked…

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In an astonishing Monday morning rally, the price of Bitcoin BTC/USD surged past the $31,000 mark, only to gain further momentum and exceed $34,000 later in the day, according to data from CoinGecko. 

What Happened: This new milestone not only set a record high for 2023 but also reached values that haven’t been witnessed since May of last year. The sudden surge in Bitcoin’s price triggered a torrent of BTC shorts, resulting in a staggering $170 million in liquidations within the past 24 hours, as reported by analytics firm CoinGlass.

The majority of the BTC short positions were concentrated on prominent exchanges like Huobi, Binance, and OKX. Huobi accounted for the highest number of…

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Major cryptocurrencies recently skyrocketed on Sunday evening, thanks to Bitcoin’s phenomenal performance throughout the week. It all started when Bitcoin exceeded $31,000 on Monday. But it didn’t stop there. Bitcoin’s price continued to soar, reaching $32,000 and even $34,000 all in one day.

CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Bitcoin BTC/USD+12.33%$34,043Ethereum ETH/USD+6.23%$1,780Dogecoin DOGE/USD+8.00%$0.066

What Happened: The world’s largest asset manager, BlackRock, is making progress in preparing its proposed bitcoin ETF, as experts in the industry have identified positive indicators that such products may be approved. BlackRock’s upcoming iShares Bitcoin…

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Crypto investment products have recorded four  weeks of inflows, as the market eagerly awaits the possible approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States.

Asset management firm CoinShares’ Oct. 23 fund flows report revealed $179 million was added to digital asset investment products in the week ending Oct. 20, which has swelled the space’s assets under management to $33 billion.

Of the past week’s inflows, $55.3 million or 84% went to Bitcoin investment products which has brought year-to-date Bitcoin product inflows to $315 million, it added.

It seems that the anticipation of a spot #Bitcoin ETF has prompted further inflows for the 4th consecutive…

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Uptober may have finally arrived, with the price of Bitcoin (BTC) breaking through the $34,000 mark for the first time since May last year, marking a staggering 14% gain in the past 24 hours. 

The price of Bitcoin suddenly spiked upwards on Oct. 23, with BTC gaining more than 10% from $31,000 to briefly touch $34,000 before settling down to a current price of $33,349 according to data from TradingView. 

The price of Bitcoin over the past two weeks. Source: TradingView

The sudden uptick in price for Bitcoin comes amid a fresh wave of interest in upcoming spot ETF approvals and a significant increase in overall trading volumes across spot markets. 

Analyst Scott Johnson pointed out that…

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The world’s largest asset manager continues to prep its proposed bitcoin ETF as segment observers have pointed to potential bullish signs that such products will be approved.

BlackRock’s planned iShares Bitcoin Trust is now listed on the Depository Trust and Clearing Corporation (DTCC) website. The planned fund’s ticker is IBTC, according to the listing.  

Bloomberg Intelligence senior analyst Eric Balchunas said Monday that IBTC is the first proposed spot bitcoin ETF listed on DTCC — a financial market infrastructure giant that processes trillions of dollars in securities transactions daily.

A DTCC subsidiary — National Securities Clearing Corporation (NSCC) — has a…

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Bitcoin (BTC) price pushed above the $31,000 mark on Oct. 23, notching a near 4-month high last seen when BTC price traded at $31,800. 

The fresh upside push comes as analysts and investors express their excitement over new developments which could point to the impending launch of a spot Bitcoin ETF.

So two things caught my eye from the latest iShares (Blackrock) S-1 amendment:- They’ve obtained a CUSIP in prep for a launch- They may be looking to seed with cash this month (which is earlier than I would’ve thought, but may be nothing) pic.twitter.com/lMDaKxiIbB

— Scott Johnsson (@SGJohnsson) October 23, 2023

Referring to Johnsson’s post, Bloomberg Senior ETF analyst Eric Balchunas…

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