The previous 24 hours had been comparatively calm, a minimum of by way of value motion. The truth is, the whole cryptocurrency market capitalization remained flat at round $2.26 trillion.
All eyes had been on the HBO documentary Cash Electrical: The Bitcoin Thriller, which aired final evening. The movie claims to have recognized Satoshi Nakamoto, the pseudonymous creator of Bitcoin. In line with it, that’s Peter Todd, a 39-year-old software program developer who’s been identified to have ties to the group spanning again a very long time.
Todd denied the claims, whereas the vast majority of the group didn’t take the documentary severely. That stated, let’s leap proper into the value motion.
Bitcoin Flat at $62,000
As talked about above, the value didn’t chart any vital variations all through the previous 24 hours and remained comparatively calm at round $62,000.
The derivatives market noticed a mixed complete of about $120 million value of liquidated positions all through the interval, with $69 million of them being lengthy merchants. Apparently, bears are at the moment in charge of the value motion.
It’s attention-grabbing to see if $62,000 will maintain as a result of if it fails, the subsequent imminent help might be discovered on the pivotal technical and psychological degree of $60K. Bitcoin’s conduct round that mark will possible decide its future trajectory.
In the meantime, the state of the market stays impartial, utterly unchanged from yesterday.
EigenLayer (EIGEN) Leads Altcoin Market
Elsewhere on the altcoins market, EIGEN occurs to be the very best performer prior to now 24 hours, outperforming all different cash from the highest 100. It’s up greater than 10% and trades above $4. The recently-launched native cryptocurrency of one in every of Ethereum’s largest restaking protocols boasts a market capitalization of round $760 million.
EIGEN apart, many of the different cash have failed to realize any notable performances. ETH, SOL, XRP, ICP, PEPE, BCH, TON, AVAX, and plenty of others are buying and selling flat on the day.
October has traditionally been a optimistic month for the business, so it’s attention-grabbing to see if the development will proceed. Sadly, the crypto markets have been fairly disappointing up to now.
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