On Friday October 16, ether rebounded to $2,437, posting a 3% gain after $106 million in long positions were liquidated within an hour on Binance the previous day. Zcash recovered 9.8% to $1,208 while Litecoin and Bitcoin Cash each gained around 5%, with these legacy cryptocurrencies showing respective gains of 19.7% and 26% over thirty days. Ether ETFs continued bleeding with $60.3 million in outflows Thursday, bringing cumulative redemptions to $250 million since Monday. The overall crypto market stands at $2.77 trillion, down 1.1% on the day. Solana is preparing for the Alpenglow activation on October 21, a technical upgrade set to reduce finality from 12.8 seconds to approximately 150 milliseconds.
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