Morning Minute: Bitcoin Gets Spooked as ‘Uptober’ Lets Down

Share

Bitcoin is trading at $83,400, down 3.2% on the week after peaking near $87,000 early last week before dropping to $81,000 on Monday. Altcoins suffered even steeper losses: SOL fell 11%, HYPE and DOGE dropped 12%, XRP shed 10%, and ETH declined 8% over the past seven days. ETF outflows persist with Bitcoin ETFs showing a net negative of $451 million in October while Ethereum ETFs have seen $720 million in net outflows this month. The Crypto Fear & Greed Index fell to 56 from 67 a week ago amid unfavorable macro conditions with oil near $110 per barrel and 30-year U.S. Treasury yields at 5.60%. Meanwhile, Blur announced the final shutdown of its platform with its front end set to be deprecated on November 12.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items