Ronin

Bitcoin dropped to 12-day lows on Monday despite analysts hyping ‘Uptober’ rally potential, though not all are confident that next month will be up only.

Bitcoin market participants saw the area at $117,200 and above as particularly important heading into the weekly close and fresh US macro data.

BNB breakout patterns and onchain sentiment suggest a year-end rally, with upside targets stretching between $1,250 and $1,565.

YZi Labs has invested further into Ethena to push USDe adoption across more chains and platforms, while also assisting with the development of a new stablecoin.

Liquidity is set to flow into private financial markets once the United States Treasury fills its General Account with $850 billion.

Ether’s road to $5,000 looks clear, especially if TradFi adoption and spot ETH ETF inflows continue at their current pace.

Spokespersons from Rena Labs told Cointelegraph that the recent MYX trading patterns suggested almost certain market manipulation.

Bitcoin faced solid selling at $117,500, but the real test is whether bulls can maintain BTC price above $115,500. Meanwhile, most altcoins are expected to rise higher.