Market Update 15th Oct 2024
By Manoj Dharra
Cryptocurrencies surged 2.2% on Tuesday, with a $555.9 million net inflow into Spot Bitcoin ETFs, pushing Bitcoin’s open interest to an all-time high of $19.8 billion. Rising demand and support from political figures like Trump and Vice President Harris, who back crypto regulatory reform, have fuelled market optimism.
Larry Fink, CEO of BlackRock, stated Bitcoin’s market valuation possibly will level the $50 trillion U.S. housing market. Ther cryptocurrencies along with Ethereum, Solana achieved a value of $100 billion overnight, bolstering the crypto market value.
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