Bitcoin (BTC) hovered around $68,000 on October 16 after reaching new 11-week highs as the Wall Street session began.
Data from Cointelegraph Markets Pro and TradingView showed Bitcoin’s price surge continuing, surpassing the previous day’s peak, which was driven by leveraged trades.
While volatility was apparent, popular trader and analyst Skew cautioned about potential market manipulation. “Very active spoofing going on here today,” he noted on X regarding the Binance spot market. He pointed out that a gap of 1% to 2.5% between ask and bid liquidity could lead to volatility in the absence of passive flows.
Skew also warned that if BTC fell below $67,000, it could trigger a liquidation cascade for late-long positions in the derivatives market.
Meanwhile, most of the buying pressure came from spot buyers on Binance and Bitfinex, particularly around the Wall Street open, mirroring the prior day’s activity.
Monitoring resource Material Indicators observed increased exposure among both large and small investors. “FireCharts binned CVD once again shows all order classes buying Bitcoin,” the platform shared with its X followers, noting that bid liquidity was stacking above $66,000, with $70,000 in sight.
Some traders were confident that sellers would capitulate, marking the return of a bull market. Crypto trader and analyst Michaël van de Poppe predicted that Bitcoin would hit a new all-time high within the next few weeks, stating, “The trend has switched… likely $90K before EOY.”
Interestingly, BTC gained alongside the U.S. dollar, breaking their usual inverse correlation. The U.S. Dollar Index (DXY) climbed to 103.45, its highest level since August 8, a day when Bitcoin also saw a major upside of nearly 12%.
Trump Satoshi could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump Satoshi (TRUMPSAT), a new Solana memecoin that was launched today, is set to explode over 14,000% in price in the coming days.
This is because TRUMPSAT is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump Satoshi can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump Satoshi could become the next viral memecoin.
Trump Satoshi launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump Satoshi on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Satoshi by entering its contract address – H4migqCcpVVeDzB9ALKL5obvDRMNS8tJhAcLMejoqRNY – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPSAT.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Trump Satoshi could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump Satoshi (TRUMPSAT), a new Solana memecoin that was launched today, is set to explode over 14,000% in price in the coming days.
This is because TRUMPSAT is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump Satoshi can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump Satoshi could become the next viral memecoin.
Trump Satoshi launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump Satoshi on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Satoshi by entering its contract address – H4migqCcpVVeDzB9ALKL5obvDRMNS8tJhAcLMejoqRNY – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPSAT.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Degen Kamala could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Degen Kamala (DEGKAMA), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days.
This is because DEGKAMA is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Degen Kamala can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Degen Kamala could become the next viral memecoin.
Degen Kamala launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Degen Kamala on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Degen Kamala by entering its contract address – 9WQ9XoY7ScNVZDSFLNHrF98myHpPrWGQY6Q14g1cjzDH – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DEGKAMA.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Trump Satoshi could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump Satoshi (TRUMPSAT), a new Solana memecoin that was launched today, is set to explode over 14,000% in price in the coming days.
This is because TRUMPSAT is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump Satoshi can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump Satoshi could become the next viral memecoin.
Trump Satoshi launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump Satoshi on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Satoshi by entering its contract address – H4migqCcpVVeDzB9ALKL5obvDRMNS8tJhAcLMejoqRNY – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPSAT.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Degen Kamala could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Degen Kamala (DEGKAMA), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days.
This is because DEGKAMA is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Degen Kamala can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Degen Kamala could become the next viral memecoin.
Degen Kamala launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Degen Kamala on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Degen Kamala by entering its contract address – 9WQ9XoY7ScNVZDSFLNHrF98myHpPrWGQY6Q14g1cjzDH – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DEGKAMA.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Crypto asset manager Grayscale has filed with the United States Securities and Exchange Commission (SEC) to convert its $520 million multi-cryptocurrency fund into an exchange-traded fund (ETF).
On October 14, the New York Stock Exchange (NYSE), on Grayscale’s behalf, submitted a 19b-4 form to the SEC, requesting approval to convert Grayscale’s Digital Large Cap Fund into an ETF. This form asks the SEC to alter its rules to allow the listing of a new ETF.
Grayscale’s Digital Large Cap Fund manages over $524 million in assets. It is heavily weighted toward Bitcoin (76%), followed by Ether (18%), with the remaining allocation split between Solana, XRP, and Avalanche.
In an accompanying 8-K form, Grayscale notified its investors that the proposed changes from the NYSE would allow for the conversion to a spot ETF, making it easier for investors to buy and sell shares in the fund.
This latest filing comes after Grayscale successfully converted two major funds, the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE), into ETFs earlier this year. The SEC had previously rejected spot crypto ETF applications until an August court ruling favored Grayscale, prompting the regulator to reconsider.
Spot ETFs hold the underlying assets, unlike non-spot crypto funds, which rely on futures contracts. Spot ETFs simplify transactions for investors by removing added regulatory barriers.
Following these conversions, investors in Grayscale funds began selling their shares due to changes in the discount to net asset value (NAV). For instance, six months before the GBTC conversion, shares were trading at a 44% discount to the price of spot Bitcoin, according to YCharts. This discount disappeared after the conversion, leading to significant sell-offs.
Grayscale’s Bitcoin fund has seen $21 billion in outflows since its January conversion, while the Ethereum ETF has recorded $3 billion in outflows since July.
Additionally, on October 10, Grayscale added 35 altcoins, including Dogecoin and Worldcoin, to its list of assets “under consideration” for future investment products. The firm has also been actively launching new crypto funds, including an Aave investment fund in October, an XRP Trust in September, and an Avalanche fund in August.
Trump Satoshi could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump Satoshi (TRUMPSAT), a new Solana memecoin that was launched today, is set to explode over 14,000% in price in the coming days.
This is because TRUMPSAT is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump Satoshi can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump Satoshi could become the next viral memecoin.
Trump Satoshi launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump Satoshi on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Satoshi by entering its contract address – H4migqCcpVVeDzB9ALKL5obvDRMNS8tJhAcLMejoqRNY – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPSAT.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Degen Kamala could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Degen Kamala (DEGKAMA), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days.
This is because DEGKAMA is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Degen Kamala can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Degen Kamala could become the next viral memecoin.
Degen Kamala launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Degen Kamala on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Degen Kamala by entering its contract address – 9WQ9XoY7ScNVZDSFLNHrF98myHpPrWGQY6Q14g1cjzDH – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DEGKAMA.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Cryptocurrency investment products had another strong week, with Bitcoin leading the inflows, attracting $419 million.
From October 5 to October 11, digital asset investment products saw total inflows of $407 million, according to CoinShares’ Digital Asset Fund Flows Weekly Report, released on October 14. This marked a rebound after a minor sell-off of $127 million the previous week, which had followed stronger-than-expected U.S. economic data.
CoinShares’ head of research, James Butterfill, attributed the rise in crypto investment products last week to political factors, particularly the upcoming U.S. elections, rather than monetary policy shifts.
“This trend is evident in the fact that stronger-than-expected economic data had little impact on stemming outflows,” Butterfill explained. He added that factors like “polling toward the Republicans” provided an “immediate boost in inflows and prices.” He noted that Republicans are generally seen as more supportive of digital assets.
Bitcoin was the main beneficiary of the recent political developments, drawing in $419 million in inflows. In contrast, short-Bitcoin investment products saw outflows of $6.3 million.
Butterfill pointed out that Bitcoin’s price rose over 2% during the week, from $61,900 on October 6 to roughly $63,300 by October 12. He suggested the price surge likely fueled additional investment interest.
Additionally, blockchain equity exchange-traded funds (ETFs) experienced significant inflows, totaling $34 million, marking one of the largest weekly inflows for such products in 2024.
This increase came as U.S. election polls on October 10 suggested a potential shift in Senate control from the Democratic Party to the Republicans, which could influence the digital asset market due to the Republican Party’s perceived pro-crypto stance. The election will also decide the next U.S. president, with former President Donald Trump and Vice President Kamala Harris as the main candidates.