Major cryptocurrency tokens continued their bull run on Friday, rising as speculation about a rate cut in June intensified following a sharp decline in US retail sales.

Data released overnight revealed that January’s 0.8% decline in US retail sales was the biggest decline in ten months.

Ethereum was up 2.5% at $2,842, while Bitcoin was up 0.22% at $52,074. on the meanwhile, the value of the world’s cryptocurrency market increased by 1% to about $1.96 trillion on the previous day.

Over the previous day, Bitcoin was observed trading between $51,900 and $52,700, maintaining a market capitalization of more than $1 trillion. Significant investments in Bitcoin spot ETFs and a growing desire for the main digital currency among US investors drove the value growth.

Due to an increase in Ethereum staking, Ethereum has outperformed Bitcoin in terms of weekly gains. Ethereum may cross the $3,000 barrier in the coming days, according on the trend.

Other altcoins had 4-7% increases, including BNB, XRP, Cardano, and Polygon. Up to 3% gains were also made by Chainlink, Polkadot, Toncoin, Internet Computer, and Shiba Inu. On the other hand, Solana and Avalanche had a 2% decrease.

Currently, the overall volume in DeFi is $7.29 billion, or 8.29% of the 24-hour volume in the entire cryptocurrency market. According to data accessible on CoinMarketCap, the total amount of stablecoins is currently $80.34 billion, or 91.3% of the 24-hour volume of the whole cryptocurrency market.

The largest cryptocurrency in the world, Bitcoin, had its market capitalization rise to $1.02 trillion in the last day. The current dominance of Bitcoin is 52.16%, as reported by CoinMarketCap. The volume of BTC dropped 19.5% to $35.2 billion in the last day.

The analyst polled over 20 financial and wealth advisors (RIAs), 75 Coinbase users, and over 200 people to find out who would buy a bitcoin ETF if it were approved, and whether they would prefer bitcoin exposure through an ETF, bitcoin-linked stocks, trusts, or buying bitcoin directly on a crypto platform like Coinbase or Robinhood.

According to Todaro’s survey results, RIAs currently have limited bitcoin offerings for their clients; the majority responded that their current bitcoin strategy is to guide clients to buy directly via crypto exchange (25%), crypto stocks (15%), or GBTC (10%), but most would prefer an ETF if one existed, and the majority of advisors expect 5-10% of their clients to own a bitcoin ETF when it becomes available in 2024 and 2025.

Clients are mainly uninterested in bitcoin and an ETF, according to advisors, although nearly all expect interest to increase if bitcoin values rise further.

According to Todaro’s survey results, anyone who has not already acquired Bitcoin is unlikely to purchase a Bitcoin ETF. Only 11% of respondents who had never held bitcoin before said they were very likely or somewhat likely to buy a bitcoin ETF.

According to Todaro’s findings, an ETF launch is unlikely to attract further capital flows unless it corresponds with higher bitcoin prices/and other engagements, which encourages increased retail interest in the asset.

Individuals who have owned bitcoin marginally preferred buying bitcoin via a crypto exchange/platform to a prospective ETF through an equity brokerage, albeit this varies by age.

40% would prefer to buy an ETF, while 49% preferred to use a crypto platform, indicating that an ETF is unlikely to eat into COIN’s higher-margin trading activity.

Significant cryptocurrency tokens saw a decrease in Thursday’s trading as a result of the multibillion dollar FTX fraud conviction of crypto billionaire and former FTX creator Sam Bankman-Fried.

Sam Bankman-Fried, the former cryptocurrency “golden boy” who was charged by US prosecutors with embezzling billions of dollars from his clients, was found guilty on all counts on Thursday and could now spend up to 110 years in prison.

In barely five hours, the jury in New York made a decision after a five-week trial. The individual often referred to as “SBF” will be sentenced at a later time.

In the meantime, the development caused the value of the world’s cryptocurrency market to drop by 1.8% in the previous day to $1.28 trillion.

At approximately 1.25 p.m., Ethereum, the largest peer, was trading at $1,796, down 2%, while Bitcoin was down 2.5 percent at $34,389 as of this writing.

Right now, the majority of the top 20 cryptocurrencies according to MCap are down. Before reversing course and trading back over $34.5k, Bitcoin was on the verge of crossing the $36k threshold. Many investors think that Sam Bankman-Fried’s guilty judgement in the FTX fraud trial may be the reason for this.

As a result of some traders locking in profits following the October upturn, the price of bitcoin is currently above $34,400. In order for Bitcoin to resume its upward trajectory, it needs to cross the $35,000 barrier or perhaps find support around $34,300. As investors await the release of the US Non-farm Payroll report later today, market mood is now neutral.

Solana fell almost 10%, making it the biggest laggard among other popular cryptocurrency currencies. There was a 1-3% fall in Dogecoin, Tron, Polkadot, XRP, and Shiba Inu.

The market capitalization of Bitcoin, the biggest cryptocurrency in the world, dropped to $671 billion over the previous day. 52.6% of the market is presently dominated by bitcoin, according to CoinMarketCap. The volume of Bitcoin fell 24.6% to $19.2 billion in the last day.

October 21,cryptocurrency price in brief: The value of the world market stayed at $1.26 trillion.

The oldest and most valuable cryptocurrency in the world, Bitcoin (BTC), was able to maintain its $34,000 price throughout the weekend. Early on Monday morning, CoinMarketCap reported that the market’s Fear & Greed Index was 72 (greed). Notable altcoins witnessed slight increases across the board, including Dogecoin (DOGE), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Litecoin (LTC). Gala (GALA) went on to climb by more than 16 percent in a day, making it the top gainer. However, Maker (MKR) had a drop of more than 2 percent in just one day, making it the biggest loser.

At the time of writing, the value of the global cryptocurrency market was $1.26 trillion, indicating an increase of 0.85% over the previous 24 hours.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin increased by 0.82 percent in a day to $34,290.95. As per the Indian exchange WazirX, the current value of Bitcoin was Rs 29.65 lakh.

Ethereum Price Today
At the time of writing, the price of ETH was $1,748.48, a 0.51 percent increase in just 24 hours. Ethereum’s price in India was Rs 1.55 lakh, according to WazirX.

Dogecoin Price Today
Currently trading at $0.06871, DOGE showed a gain of 0.49 percent over the course of a day, according to data from CoinMarketCap. The price of Dogecoin in India was Rs 5.98, according to WazirX.

Litecoin Price Today
Litecoin gained 1.24 percent in a day. Its trading price at the time of writing was $68.28. The cost of LTC was Rs 5,920.01 in India.

Ripple Price Today
The price of XRP was $0.555 after rising 2.09 percent in a day. The price of ripple was Rs 47.42, according to WazirX.

Solana Price Today
The price of solana was $32.86, up 3.57 percent in a day. WazirX reports that the price of SOL in India was Rs 2,731.