Bitcoin's price increased over 3% in the past 24 hours to reach around $64,082 before sliding slightly. The total crypto market cap also rose by 2% to about $2.3 trillion. The supply of Bitcoin on centralized exchanges has decreased by over 97.6k coins in the last 30 days, potentially due to cash inflows into the US spot BTC ETF. The ETF registered a net cash inflow of approximately $158 million, raising the total net assets under management to about $57.8 billion. Bitcoin's price still faces resistance at around $64k, but a break above the 200-day moving average could confirm a bullish continuation. The crypto industry expects further rebound in October and the coming months.



Other News from Today