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The price of Bitcoin and Ethereum surged nearly 4% in just a 15-minute window, sparking bullish predictions for the remainder of October. More than $70 million in crypto short s were suddenly liquidated after a surprise jump in the price of Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies on Oct. 1. According to data from TradingView, the sudden pump saw Bitcoin surge 3% in just 15 minutes from $27,100 to $28,053 before settling down just below the $28,000 mark at the time of publication. Happy Uptober to those who celebrate. Remember 2021? pic.twitter.com/qgHy1ThGOf — The Wolf Of All Streets (@scottmelker) October 2, 2023 Similarly, the price of Ethereum’s native currency Ether also surged, gaining as much as 4.7% in a brief spike to $1,755 before leveling out to $1,727 at the time of publication. The sudden movement has left most in the community scratching their heads. Many commentators said the move aligned with the arrival of “Uptober.” Welcome to Uptober. Welcome...

Also Read: Ethereum Institutional Demand Rises, Will ETH Put BTC Out of Crypto Spotlight? Ethereum Set To Outperform Bitcoin? The biggest of altcoins rallied as Ethereum (ETH) price breached the much anticipated $2100 mark after 9 long months. Ethereum price surge comes in when Bitcoin, the biggest crypto asset seems to be in the driving seat mid term. As the sentiment turned out in the favor of ETH, the second largest crypto outperformed BTC over the period of the last 7 days. ETH price spiked by 13%, while BTC price jumped by 10%. Crypto Analyst, Credible Crypto suggested that Ethereum price might take a hit in the short term, while it is safe to with Bitcoin under this phase. It is important to note that when Bitcoin lead, altcoins follow. As the ETH price broke out through the $2.1K level shortly after breaching the crucial $2K level, implies ETH strength. Read More Ethereum News Here… Also Read: US SEC Might Face Jury Over Ripple’s Fair Notice Defence ...

Bitcoin is currently trading near $30,000. In the last 24 hours, BTC price recorded a low and high of $27,217 and $30,004, respectively. ETH price trades at $1959, with a 24-hour low and high of $1,805 and $1,961, respectively. advertisement Altcoins including BNB, XRP, Dogecoin, Shiba Inu recorded over 5% upside move. While Polygon (MATIC), Cardano, and Solana jumped nearly 9%, with the global Crypto Market jumping 7% to $1.23 trillion in the last 24 hours. The total Crypto Market volume surpassed 25% in the last 24 hours. The Crypto Market Fear and Greed Index increased to 56, indicating “Greed” sentiment in the Crypto Market . The sudden upside momentum came due to macro factors. The US Dollar Index (DXY) fell nearly 0.5% to 101.25, which resulted in a market-wide recovery. Several experts such as billionaire Stanley Druckenmiller have shorted US the dollar due to a weak outlook. Trending Stories XRP P...

Volumes from the top five Ethereum staking platforms suggest holders are hedging against the unknown until after ETH withdrawals are enabled. The Ethereum network’s planned Shanghai hard fork is nearly here. Planned for April 12, this is the first major upgrade since The Merge in September 2022. The “Shapella” upgrade (a combination of the two major proposals Shanghai and Capella), includes EIP-4895 which enables validators to withdraw staked ETH from the Beacon chain (Consensus layer) to the EVM (execution layer). The execution layer is the fun and friendly Ethereum users have come to know and love.  Why is this a big deal? With just over 18 million ETH currently staked (valued at just over $33 billion at the time of writing), some of which has been locked up for years, the possibility of these tokens flooding an already teetering market is enough to get some holders ready to sell the news once withdrawals are enabled. For holders who are both long and short ETH post-withdrawals, it’...

Bitcoin seals its highest weekly close in ten months as CPI prepares to inject fresh volatility into BTC price and beyond. Bitcoin (BTC) starts the week on a firm footing as bulls send BTC price to a new ten-month high weekly close. After a relatively calm week, last-minute volatility is getting traders excited at the prospects of a repeat attack on $30,000 resistance — but a lot stands in the way. In what is set to be a significant week of macroeconomic data releases, the Consumer Price Index (CPI) print for March is due April 12, along with fresh insights into Federal Reserve policy. Add to that the Ethereum Shanghai upgrade and a recipe for volatility is there. How will Bitcoin react? Volatility correlations between the largest cryptocurrency and traditional risk assets are inverting, data shows, while sentiment data also suggests that there is little appetite for sudden selling among the hodler base. Cointelegraph takes a look at the status quo in the run-up to what promises to be...