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Market cap growth
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The crypto market is bullish with total cap at $3.89T and Bitcoin near $116K (+2.65%), supported by Octoberâs historic uptrend, a weaker dollar, and gold hitting record highs. Altcoins like ETH, SOL, and DOGE are also climbing, while speculative tokens (EDEN, ZEC, PUMP) show extreme moves. The U.S. government shutdown adds uncertainty to traditional markets but is driving safe-haven demand into crypto. If BTC breaks above $116.5K, momentum could carry it toward $120K.
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According to BlockBeats, Andrei Grachev, Executive Partner at DWF Labs, recently stated that the altcoin season in the cryptocurrency market is just beginning. He also noted that Nasdaq-listed companies are expected to experience this altcoin season soon.
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Strategy, the largest corporate Bitcoin holder led by Michael Saylor, is launching a new stock offering (STRC) to raise funds for more Bitcoin purchases. The stock offers variable dividends (starting at 9% annually) and is designed to trade near $100 per share. The company recently bought $740M in Bitcoin and aims to attract fiat to Bitcoin through yield, with experts seeing this as a step toward Bitcoin becoming a $100 trillion market.
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The global cryptocurrency market cap now stands at $3.94T, up by 1.21% over the last day, according to CoinMarketCap data.
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Latest News
JPMorgan CEO Advocates Participation in Stablecoin Transactions
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Federal Reserve's Stance on Interest Rate Cuts Remains Unclear Amid Inflation Concerns
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Federal Reserve's Williams Estimates U.S. Neutral Rate at 1%
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Bitcoin(BTC) Drops Below 101,000 USDT with a 2.85% Decrease in 24 Hours
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U.S. House Speaker Expresses Concerns Over Government Shutdown Resolution
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