The cryptocurrency market is experiencing growth, with increased capitalization and trading volumes, driven by improved investor sentiments.

Bitcoin Crosses $65k

Bitcoin's price has surpassed the psychologically significant level of $65,000, reaching $65,231.76 after a 2.15% increase over the previous 24 hours. This is attributed to significant inflows into Bitcoin ETFs, totaling $555.86 million as of October 14. Analysts are closely monitoring Bitcoin's strong support, bolstered by a 71.99% increase in trading volumes over the last day.

Ethereum and ETF Interest

Ethereum is also riding the upward wave, having increased by 2.53% to $2,589.32. The largest altcoin has garnered interest from institutional investors, with over $17 million in ETF inflows reported. Ethereum's growing presence in the ETF space could signal more institutional confidence in the altcoin.

Altcoin Market Movements

Solana's price continues its steady rise, up by 2.17% to $154.50, while XRP recorded a modest increase of 1.27%, currently priced at $0.5434. Amidst recent controversies over insider token sales, Sui has recorded a price change of -2.68% to $2.19. Top assets showed varied dynamics: BOME and MEW were among the top gainers with 17.89% increases, while Bitcoin Cash (BCH) rose by 13.59% to $370.50. Conversely, Bittensor (TAO) suffered a 4.70% loss, while Sei experienced a decline of 2.92%.

The cryptocurrency market continues to attract high investor engagement and increasing ETF investments.