Global #Institutional Interest

In October, two major players in the Bitcoin mining industry—Marathon Digital and Riot Platforms—reported strong Bitcoin production numbers, marking their highest monthly outputs since the Bitcoin halving event in April 2024.

The cryptocurrency market is experiencing a surge today, with a collective market capitalization increase of 1.31%, reaching a total of $2.33 trillion.

A recent report from blockchain analysis firm Chainalysis reveals that North America continues to lead the global cryptocurrency market, with an estimated $1.3 trillion in on-chain value received between July 2023 and June 2024.

As of October 5, data from Bitcoin Magazine reveals that various funds are now managing over 911,000 BTC, signaling a significant uptick in institutional interest in the cryptocurrency.

South Africa’s cryptocurrency sector has witnessed remarkable growth over the past year, with the country drawing approximately $26 billion in crypto transactions.

Solana (SOL), the high-performance blockchain network, is currently facing pressure from bearish forces, struggling to hold onto crucial support levels. As the cryptocurrency market navigates a turbulent landscape, SOL's price action is closely watched by investors and traders alike.