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For the cryptocurrency industry, the past October saw most indicators finally beginning to rebound. This article will review the state of the cryptocurrency market over the past month with 11 charts.
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Share link:In this post: Bernstein predicts Bitcoin will reach $200,000 by the end of 2025. Key factors include the rise of debt in the United States and increased demand from spot ETFs. According to Bernstein, if Trump is to win, then Bitcoin may rise to between $80,000, and if Harris wins, Bitcoin may drop to $50,000.
Share link:In this post: As FOMO kicks in, Bitcoin holders in South Korea spend 2.2% more on purchases. The ‘Kimchi Premium’ was negative between Oct. 12 and Oct. 20 as Bitcoin traded below the global market average in South Korea. In 2024, the South Korean Won was the second largest fiat currency in Bitcoin, trading at 3.99% after the U.S. dollar, which was at 17.75%.
Michigan's pension fund makes history as the first to invest in an Ethereum ETF, marking a new era of crypto adoption in public funds.
- 08:19Ondo Finance launches Ondo GM, realizing global investors' on-chain access to U.S. securitiesChainCatcher News, Ondo Finance has announced the launch of Ondo Global Markets (Ondo GM), aimed at enabling global investors to access U.S. listed securities on-chain through blockchain technology. The platform will provide tokenized assets based on securities, these tokens are paired 1:1 with underlying assets such as stocks, bonds and ETFs, and have liquidity similar to stablecoins, which can be freely transferred outside the United States.
- 07:21On Deribit, a large volume of BTC options were purchased with a bullish view towards an end-of-year price of $125,000 per BTC, totaling 600 BTCOdaily Planet Daily reports that Deribit's Asia-Pacific business head, Lin Chen, posted on X stating that today's largest BTC bulk option is: a user paid 9.856 million US dollars in premiums to purchase bullish options of 125,000 US dollars by the end of the year, totaling 600 BTC.
- 07:20Ethereum's single-day spot trading volume reaches 38 billion US dollars, setting a new historical highOdaily Planet Daily reports that FalconX Research Director David Lawant posted on X, stating that local time on February 3rd, Ethereum's single-day spot trading volume reached a record $38 billion, while Bitcoin's single-day trading volume reached $49 billion, marking its third-highest record in history. The surge in trading activity coincides with fluctuations in the price of Ethereum; ETH once fell to an intraday low of $2,152 and then rebounded to $2,919. On the same day, Eric Trump stated on X that now is an excellent opportunity to increase holdings of ETH (In my opinion, it‘s a great time to add ETH.).