Market Updates
After false reports claiming the approval of a spot Bitcoin ETF, there was a surge in the price, surpassing several key resistance levels.
We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC & ETH updates, recent investments, developments of exciting new projects, and other relevant topics. Here is everything you need to know from October 16th to 20th.
After false reports claiming the approval of a spot Bitcoin ETF, there was a surge in the price, surpassing several key resistance levels. Nevertheless, this outlier event might not be indicative to what the price will look like in the upcoming weeks as $BTC has still not gone over $30K. Similarly, Ethereum showed bullish behavior, but this scenario will only materialize if demand substantially increases.
BTC is trading at $29.8K when writing, up 5.01% in the last 24 hours. ETH is trading at $1.6K, up 3.9% in the previous 24 hours.