Global #Bitcoin

The cryptocurrency market is experiencing a notable upswing, with almost all top cryptocurrencies showing positive growth in the last 24 hours. Bitcoin and Ethereum have increased by 3.3% and 2.0%, respectively, while BNB, Solana, XRP, and Dogecoin have seen gains of 2.3%, 5.4%, 0.6%, and a striking 9.4%.

On Thursday, spot Bitcoin ETFs recorded impressive daily net inflows of $365.57 million, marking the highest influx since July. Leading this charge were Ark Invest and BlackRock, both of which have played pivotal roles in driving the ongoing rally in the cryptocurrency market, as reported by Sosolvalue data.

XRP has recently encountered challenges in its attempt to break through the $0.600 resistance zone, leading to a decline in price. As of now, XRP is testing the critical support level at $0.5840, indicating a phase of consolidation.

The recent approval by the SEC for options trading on BlackRock’s IBIT ETF marks a pivotal moment in the cryptocurrency landscape. This long-anticipated regulatory green light opens up new avenues for market participants and may significantly alter the dynamics of trading in Bitcoin and potentially Ethereum in the near future.

Shiba Inu (SHIB) is poised for a potential parabolic rally this October, following historical trends that suggest monthly positive returns. According to CryptoRank, the meme coin has consistently performed well in October, notably surging by 833% during the 2021 bull run.

In the past two years, Bitcoin has proven itself as a formidable asset, rising an impressive 237%. However, shares of MicroStrategy (MSTR), a company heavily invested in Bitcoin under the leadership of former CEO Michael Saylor, have outperformed even this growth, skyrocketing by 669% during the same period.