Global #crypto market

Despite a 2021 ban on cryptocurrency trading, China's over-the-counter (OTC) crypto market continues to flourish. A new report from Chainalysis reveals that these platforms have seen significant inflows of $20 billion per quarter on average through June, totaling $75.4 billion for the nine months.

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 a significant development, cryptocurrency exchange Bybit has announced its exit from the French market due to regulatory pressures from the Autorité des Marchés Financiers (AMF).

The crypto market has witnessed a notable uptrend over the past week, with Bitcoin (BTC) regaining its position around the $60,000 mark. This bullish momentum has significantly impacted altcoins, particularly those in the artificial intelligence (AI) sector, sparking discussions about a potential altcoin rally in the upcoming week.

With the U.S. presidential election just months away, Bitcoin enthusiasts are buzzing with speculation about who will emerge victorious. Many believe that Donald Trump, with his vocal support for the cryptocurrency sector, is the likely candidate to drive pro-crypto policies.

On September 20, South Korea’s Financial Services Commission (FSC) announced its commitment to actively support the second phase of cryptocurrency legislation, recognizing the growing convergence of the virtual asset industry with traditional finance.

Solana (SOL) is making waves in the cryptocurrency market, climbing an impressive 10% on Thursday. This surge comes after SOL broke above a crucial resistance level, reigniting bullish sentiment among investors and traders who believe the cryptocurrency is poised for higher price targets in the near future.

In the past 24 hours, the cryptocurrency market has experienced a notable downturn, with the total market capitalization falling by 2.36%, from $2.11 trillion to $2.05 trillion.

Bitcoin, the leading cryptocurrency, is struggling to regain its all-time high of $73,980 from last year. Despite this, excitement remains high in the crypto community

In a significant move reflecting the ongoing volatility in the cryptocurrency market, a major whale recently withdrew 800 BTC, worth approximately $45.37 million, from Binance.

The cryptocurrency landscape in Asia is experiencing notable shifts as countries like Singapore, India, and Japan implement significant regulatory and policy changes.

Last week witnessed a notable $277 million outflow from US spot Bitcoin exchange-traded funds (ETFs), reflecting broader market challenges.