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Bitcoin's Bullish Momentum in Question as Ether ETFs See Biggest Outflows Since July

Bitcoin's Bullish Momentum in Question as Ether ETFs See Biggest Outflows Since July

CointimeCointime2024/10/30 12:33
By:Cointime

The latest crypto market updates can be found in CoinDesk's daily newsletter, First Mover, which includes information on the formation of Uptober due to increased stablecoin liquidity and Bitcoin transactions, as well as the biggest outflows from Ether ETFs since July. Bitcoin has broken the $64K mark while gold prices are also rising. The ETH/BTC ratio has dropped to its lowest point since April 2021, leading some to question if Bitcoin is losing its bullish momentum. The CoinDesk 20 Index currently stands at 2,149.28 with a slight increase of 0.13%.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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