Global #price movements

As we enter the fourth quarter of 2024, Bitcoin (BTC) options activity is gaining momentum, reflecting a growing risk-on sentiment among traders. The arrival of October brings renewed excitement within the Bitcoin community, marking a time historically known for price rallies—popularly dubbed "Uptober."

Recent on-chain data reveals a notable trend among XRP whales, who have significantly increased their holdings in the cryptocurrency over the past ten days. This accumulation may be a contributing factor to the asset's recent price surge, prompting analysts to monitor the situation closely.

PEPE, currently the third-largest memecoin by market capitalization, has captured the attention of the crypto community with an impressive price surge exceeding 27% over the past two days.

The cryptocurrency market witnessed significant momentum over the weekend, with Shiba Inu (SHIB) making headlines as its price soared to a three-month high. This surge in SHIB’s value came alongside Bitcoin’s impressive climb, reaching $66,500, further energizing the broader altcoin market.

Cardano’s ADA has emerged as one of the top-performing cryptocurrencies over the last 24 hours, reaching a one-month peak of over $0.39.

The Ethereum ecosystem is witnessing a notable shift as long-term holders, particularly whales, begin to offload their assets. This trend coincides with the Ethereum Foundation's ongoing selling spree, raising questions about market dynamics and future price movements.