Bitcoin saw significant institutional interest with analysts predicting rallies to $126K-$164K, fueled by strong ETF inflows and 'Uptober' momentum, maintaining a 0% 24h change. Ethereum also garnered attention as Grayscale began staking 32,000 ETH for spot ETFs, while Matter Labs unveiled a major ZK Stack upgrade, also holding steady at 0% 24h. Meanwhile, altcoins like XRP and Solana showed strong growth potential, with BNB experiencing a notable meme coin surge and a 5x volume spike despite a -0.41% dip, even as Dogecoin (-0.2%) overtook XRP (0%) in trading volume. The overall crypto market topped $4.3 trillion, indicating broad positive sentiment.
Major Themes
- Institutional Adoption & ETF Momentum
- Altcoin Resurgence & Meme Coin Activity
- Ecosystem Development & Upgrades
- Price Prediction Optimism
Next Day Outlook
The market is likely to maintain its positive momentum driven by institutional interest and altcoin-specific news, though potential profit-taking could introduce volatility.