Market Update 30th September 2024
By Manoj Dharra
Bitcoin fell 3.2% to $63,400 following profit-taking after reaching a high of $65,400. Market sentiment remains cautious ahead of US employment data and Federal Reserve Chair Jerome Powell’s upcoming speech. Despite this dip, Bitcoin saw a 13.8% rise in September, with US Bitcoin ETFs drawing a record $1.1 billion in institutional inflows.
Meanwhile, altcoins like ENA and FTT saw gains, with investors anticipating upcoming events like Avalanche9000’s launch and a $16 billion payment to FTX creditors.
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