Bitcoin saw significant institutional interest, with ETFs recording $3.2 billion in inflows, pushing its price towards $124,000 and fueling predictions of a Q4 boom. Ethereum advanced with the launch of a new Layer 2 mainnet and an upcoming Fusaka upgrade, attracting institutional investors. XRP faced mixed signals, with strong price predictions and institutional focus from Ripple, but also a reported setback for its spot ETF approval in October. Altcoins like SHIB and DOGE continued to see speculative price targets, while regulatory clarity for crypto companies in the U.S. and the UK's lifting of retail crypto ETN ban signal broader market opportunities.
Key Developments
- Bitcoin ETFs recorded $3.2 billion in inflows, driving price predictions towards $124K-$125K.
- Ethereum's ecosystem expanded with a new Layer 2 mainnet launch and Fusaka upgrade anticipation.
- XRP's spot ETF approval for October reportedly faced a major setback despite strong price predictions and institutional focus.
- U.S. regulatory environment shows signs of easing for crypto companies, alongside the UK lifting its retail crypto ETN ban.
- NFTs, specifically Bored Ape Yacht Club, were ruled not to be securities by a U.S. judge.
Next 6 Hour Outlook
The market is likely to remain sensitive to further ETF-related news and regulatory developments, with Bitcoin potentially consolidating recent gains while altcoins react to specific project updates and speculative interest.