Bitcoin has risen $2,000 from its recent low. Is this the beginning of a market bull run madness?
Beginning of a market bull run madness
The market has shown strong growth in the past 24 hours, with BTC surging $2000 from its recent low. The total 24-hour trading volume is approximately $110 million. Although it hasn’t closed above 27k, both the weekly and daily candles are bullish.
Stablecoin net deposits are $61.5 million, and there’s $30.5 million minted, but this is not exceptional compared to the growth seen in June.
This wave might push BTC towards 28.5k-29k before the potential approval of BTC and ETH ETF spot trading on October 17. Keep an eye on the developments.
Currently, significant liquidations are in the range of 28.2k to 28.5k. If this level is breached, we could approach 29k.
Most coins/tokens are currently experiencing FOMO, and BTC might experience a slight correction before continuing its upward trend.
The other News
$OP – $30M allocated to Optimism Collective in RetroPGF 3 program
ICYMI: 30M OP is being allocated to Optimism Collective contributors in RetroPGF 3. 🌱✨
RPGF is an iterative experiment—the Collective learns from & improves on the process each round.
Learn how RetroPGF 3 improved upon RetroPGF 2 in this post.https://t.co/gtqVYG4jHF
— Optimism (✨🔴_🔴✨) (@optimismFND) September 29, 2023
$LINK – SmartCon2023 will be held on October 2 in Barcelona. Key Topics: 1) Web3.0 Infrastructure 2) DeFi 3) NFTs 4) Chainlink Ecosystem 5) Enterprise Web3 presence 6) Development
$LOOK – LookRare updates token model. 50% of future fees will be used to buy back LOOKS, 10% will be used as protocol rewards, and 40% will go into protocol treasury.
✨The BIG LOOKS Tokenomics Update✨
With this new strategy, we renew our commitment to the protocol — far beyond the end of the LOOKS emissions.
✅ More LOOKS buybacks
✅ More fees added to Protocol RewardsFull details in the blog.https://t.co/bwOav5w9Xv
— LooksRare (@LooksRare) September 29, 2023
Animoca Brands Japan subsidiary has established a partnership with Drecom, the developer of the intellectual game “One Piece” of the Manga series of the same name.
Our subsidiary Animoca Brands Japan (@Animocabrandskk) is partnering with Drecom Corporations (@drecomofficial)
a company distinguished for its development of popular game apps including titles such as ONE PIECE Treasure Cruise (@ONE_PIECE_TC), to support the global expansion of…
— Animoca Brands (@animocabrands) September 29, 2023
BitwiseInvest Updates Prospectus for Equally Weighted Bitcoin and Ethereum Futures ETF, Aiming to Launch Next Week with VanEck.
UPDATE: @BitwiseInvest just submitted an updated prospectus for their Equal weight #Bitcoin and #ethereum futures ETF. Looking like they will be joining VanEck in launching next week.
Expecting more today too. Expense ratio is 0.85% & Ticker is $BTOP https://t.co/j70DnNS4Hv pic.twitter.com/m2BrPM6vyR
— James Seyffart (@JSeyff) September 29, 2023
Circle claims USDC is not a security, countering the SEC’s accusations. Circle also recently launched Circle Research, accelerating and amplifying technical innovation in crypto.
IYK receives investment worth $16.8M led by a16z and 1kx. IYK helps mainstream brands build tangible digital experiences by linking digital collections to physical products.
The company has huge customers such as Adidas, Johnnie Walker’s Whiskey brand and artist Tyler Hobbs.
Introducing ✶ The IYK Platform
A self-service portal where anyone can:
Chip. Mint. Link. Configure.Providing easy-to-use tools to deploy digi-physical experiences that better connect you with your audience. pic.twitter.com/6yQXAdDcnG
— IYK (@iyk_app) September 29, 2023
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