Global #volatility

Shiba Inu (SHIB) is currently facing significant volatility, with whale activity raising alarms among investors. Recent data shows that Shiba Inu whales have doubled their trading volume in just 24 hours, a shift that could have profound implications for SHIB's price stability.

On October 7, Bitget Token (BGB) experienced a shocking decline, plummeting from $1.14 to ¥0.53—an astonishing drop of over 50%. Following this initial shock, the token began a recovery, but the sudden price shift sent waves of concern throughout the trading community.

As the cryptocurrency market faces a broader downturn, Bitcoin exchange-traded funds (ETFs) are not escaping the prevailing trends. Recent reports from Farside Investors indicate that BTC ETFs experienced substantial outflows of $52.9 million on October 2

The cryptocurrency mining landscape has experienced notable changes recently, particularly in Bitcoin’s hashrate and miner revenues. As of now, the hashrate has increased by 2% since August, reaching a significant 643 exahash per second (EH/s).

In a significant development for the cryptocurrency market, a total of 547,600 Ethereum (ETH), valued at over $1.26 billion, has been transferred to cryptocurrency exchanges over the past three weeks, as noted by a prominent analyst on social media.

In a significant shift, Bitcoin (BTC) spot exchange-traded funds (ETFs) listed in the U.S. recorded net inflows of just over $28.7 million on Monday, marking the end of an unprecedented streak of outflows totaling $1.2 billion.