In other news, AXS and SAND lead the top 100 cryptocurrencies with double-digit growth, with AXS price soaring by 15.32% to $5.34 and SAND following closely, rising by 13.51% to $0.2945.
On the downside, BCH and OM posted declines, with BCH price dropping by 1.73% to $365.25 and OM price falling by 1.21% to $1.53. Inflows into these ETFs have surged, reaching $274 million on October 18, marking a six-day streak of positive gains.
ARK Invest and BlackRock led the charge, contributing a combined $180 million to this surge. Bitcoin dominance has climbed to 57.7%, demonstrateing its continued strength, while Ethereum holds 13.6%. To stay updated on the latest happenings in the cryptocurrency industry, subscribe to our daily newsletters for all the breaking news and updates.
Proving that the cryptocurrency market is gaining momentum, the Fear & Greed Index currently sits at 58.
This is indicative of neutral market sentiment. Ethereum is trading at $2,646.11, up by 1.13%, while Solana has risen by 1.34%, reaching $154.61.
The Global Cryptocurrency Market is experiencing a boost today, with a 1.31% rise in market cap, bringing the total to $2.33 trillion. BlackRock’s Chief Investment Officer, Samara Cohen, recently highlighted the growing investor interest in cryptocurrencies, stating that direct investors account for 80% of spot Bitcoin ETF buyers. As ETF inflows continue to rise, market analysts expect further growth.
Not only is Bitcoin holding steady above $68,000, but Ethereum and Solana also demonstrate growth. The positive sentiments hint at the possibility of Uptober finally coming to fruition, with Bitcoin and the crypto market experiencing a steady uptrend amid institutional interest and ETFs. Additionally, XRP posted a moderate gain of 0.60%, currently priced at $0.5465.
