Bitcoin’s historic ‘Uptober’ trend faces challenges amid high futures interest, cooling spot buys
High open interest in futures contracts and weakening spot market purchases could disrupt Bitcoin’s historically strong October performance.
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The global crypto market cap is $2.2 trillion, with a 24-hour volume of $90.33 billion. The price of Bitcoin is $62,725.00, and BTC market dominance is 56.3%. The price of Ethereum is $2,527.65, and ETH market dominance is 13.8%. The best-performing sector is DuckSTARTER, which gained 31%. The Crypto Fear & Greed Index is currently Neutral (50).
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Bitcoin’s historic ‘Uptober’ trend faces challenges amid high futures interest, cooling spot buys
High open interest in futures contracts and weakening spot market purchases could disrupt Bitcoin’s historically strong October performance.
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