Global #price movements

As we enter the fourth quarter of 2024, Bitcoin (BTC) options activity is gaining momentum, reflecting a growing risk-on sentiment among traders. The arrival of October brings renewed excitement within the Bitcoin community, marking a time historically known for price rallies—popularly dubbed "Uptober."

Recent on-chain data reveals a notable trend among XRP whales, who have significantly increased their holdings in the cryptocurrency over the past ten days. This accumulation may be a contributing factor to the asset's recent price surge, prompting analysts to monitor the situation closely.

PEPE, currently the third-largest memecoin by market capitalization, has captured the attention of the crypto community with an impressive price surge exceeding 27% over the past two days.

The cryptocurrency market witnessed significant momentum over the weekend, with Shiba Inu (SHIB) making headlines as its price soared to a three-month high. This surge in SHIB’s value came alongside Bitcoin’s impressive climb, reaching $66,500, further energizing the broader altcoin market.

Cardano’s ADA has emerged as one of the top-performing cryptocurrencies over the last 24 hours, reaching a one-month peak of over $0.39.

The Ethereum ecosystem is witnessing a notable shift as long-term holders, particularly whales, begin to offload their assets. This trend coincides with the Ethereum Foundation's ongoing selling spree, raising questions about market dynamics and future price movements.

Global crypto funds managed by leading asset managers, including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares, have rebounded impressively, adding a net inflow of $321 million last week, as reported by CoinShares.

Dogecoin (DOGE) is currently at a pivotal price point following a turbulent week that saw a dramatic 22% surge from local lows, followed by a sharp 9% drop to its current price.

Polkadot (DOT) is beginning to make waves in the Web3 ecosystem, bolstered by a recent upgrade that has captured the interest of developers and investors alike.

In a notable development within the cryptocurrency space, a significant shift in smart money has occurred with the BABYDOGE tokens.

In a recent post on X, the analytics firm Santiment has shed light on a crucial Bitcoin metric: "Supply Held by Miners."

Bitcoin has recently reclaimed the $60,000 mark, signaling a robust recovery in the cryptocurrency’s value. This surge has prompted significant activity among large investors, known as "whales."