💰 Price & Market

The crypto market is generally up this October 1st, with a total estimated market capitalization of around 4 trillion USD.

The rally is partly attributed to uncertainties surrounding the U.S. government (federal shutdown): investors see cryptos as a potential safe haven.

For Ethereum, some analysts point out that the month of October historically shows a positive average performance (+4.77%), which could push the price beyond 4,500 USD if the trend continues.

Moreover, the reserves of ETH held on exchange platforms have stopped growing / are decreasing, which suggests long-term holding behavior.