Crypto Market Rally: Altcoins Including ETH, SOL, SUI, LINK Take Charge

Quick Summary:

The broader cryptocurrency market has displayed a strong show over the weekend with the Bitcoin (BTC) price rallying close to $70,000 and altcoins taking the charge in a fresh surge.With 3.72% gains in the last 24 hours, Ethereum (ETH) leads the alt space shooting all the way to $2,750 levels.

On the other hand, the Bitcoin futures open interest is surging pretty fast showing that investors continue to remain bullish over the long term.

The Bitcoin options market indicates that “forward implied volatility is heavily clustered around the election day and somewhat subdued leading to it and some time after it”.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Ethereum (ETH) Bitcoin (BTC) Price Solana (SOL) Altcoins rally Sui (SUI) Altcoin News Altcoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 04:18:36 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 534 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23147245

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Main Topics: Crypto

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News Last Updated: 8 hours ago

Coverage Areas: India

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