Ethereum price rallies on $1.3b ETF inflows, eyes $5k target
Ethereum price is off to a strong start in October, fueled by an 'Uptober' rally and surging inflows into ETFs, as it nears a crucial milestone.
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Sam Bankman-Fried claimed that handing over FTX to its current CEO was the "single biggest mistake" that prevented him from saving the exchange.
Many major banks anticipate that Bitcoin will rise to as high as $200,000 by year-end, driven by record ETF inflows and capital rotation from gold markets.
Bitcoin ETFs are the market's "clearest sentiment barometer," indicating an incoming breakout for "Uptober," analysts told Cointelegraph.
Crypto venture capitalists are a "lot more careful" and not just jumping on every hot narrative, says a Bullish Capital Management executive.
The Bitcoin four-year cycle is driven more by "human emotion" and will likely continue to play out in "some form," according to a crypto executive.