Global #bullish sentiment

After a turbulent start to October, Bitcoin (BTC) has swiftly reclaimed its footing, bouncing back to its familiar range of $65,000 to $67,000.

The altcoin market, prominently led by Binance Coin (BNB), has been making significant strides, attempting to align itself with the bullish trajectory of Bitcoin (BTC), which recently surged past $67,000.

The Open Interest (OI) weighted funding rate for Bitcoin has surged to 0.012%, a level not seen since July 27, when Bitcoin briefly touched $68,000.

Bitcoin experienced a significant dip, falling to a three-week low of $58,900. This decline coincided with a recent surge in whale selling, totaling over 30,000 BTC in the past three days.

On October 9, Shiba Inu (SHIB) emerged as a standout performer in the cryptocurrency market, with its price climbing by 4% over the past 24 hours, currently trading at approximately $0.00001786.

Dogecoin price has extended its gains on Monday after a successful retest of its support level last week. This upward movement is bolstered by a significant increase in the cryptocurrency’s daily active addresses, reaching its highest point since early April.