Bitcoin Consolidates Near $61,000, Ethereum Stands Around $2,400, XRP Adds Nearly 3%

• Bitcoin is holding steady around $61,000 on Thursday, seeing $30.6 million in outflows into ETFs the previous day.
• Ethereum is below $2,400 as all Ether ETFs saw neutral flows on Wednesday.
• XRP adds 3% to its value and is trading above $0.5300 on Thursday.

Bitcoin, Ethereum and XRP Updates

• Bitcoin (BTC) exchange-traded funds (ETFs) saw outflows of $30.6 million on Wednesday. The largest crypto-asset by market capitalization is trading at $61,039 at the time of writing on Thursday, adding nearly 0.6% on the day.
• Ethereum (ETH) spot ETFs saw neutral flows the previous day, while ETH is trading at $2,391 on Thursday at the time of writing.
• XRP is trading at $0.5381, adding nearly 3% on Thursday.

Chart of the day: Uniswap (UNI)

Uniswap ranks among the tokens that have brought relatively high gains to holders in the last 24 hours. UNI added more than 10% to its value sometime during this period, trading at $8.081 at the time of writing on Thursday. UNI broke out of its downtrend on October 5.

UNI is bracing for extended gains and eyes for a rally to the upper bound of the fair value gap (FVG) between $8.799 and $8.585. UNI could rise by over 10% from current price levels.

The MACD (Moving Average Convergence Divergence) indicator shows green histogram bars, signaling an underlying positive momentum in the UNI price trend.

UNI/USDT daily chart

If Uniswap closes below the 50-day exponential moving average (EMA) at $7.196, the bullish thesis for UNI could be invalidated.

Market updates

• The Ronin Network, a Web3 gaming ecosystem, adopts Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to secure the bridge. The Ronin community selected the deck through a competitive process.

• The Federal Bureau of Investigation (FBI) released a NexFundAI token as bait to catch market manipulators. The agency has identified the SAITAMA token handler, according to on-chain data.

• The Crypto Fear & Greed Index turned to “fear” from “neutral” on Thursday. This means that sentiment among traders has changed, if it turns into “extreme fear” it marks a buying opportunity.

Industry updates

• Uniswap has announced the launch of Unichain, a new Layer 2 token designed for DeFi.

• Bitcoin betting protocol Solv has surpassed $470 million in Total Value Locked (TVL), according to DeFiLlama data.

SolvBTC LSTs TVL

• Bitget Exchange is set to update its listing standards and assess its total diluted value (FDV), funding pool, token unlock program and financial, security, compliance, political and ethical risks, according to the official announcement.