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Crypto

Bitcoin \'Uptober\' narrative wobbles; $77,000 support in focus

Bitcoin has extended weakness in October, sliding 4.1 percent over the past week as outflows from spot bitcoin exchange-traded funds increased downward pressure. The cryptocurrency briefly fell to $80,427 and is trading around $83,000 after failing to hold a push above $87,000. Analysts are watching $83,000 as a near-term pivot and key support levels at $77,000 and $72,000. Markets are also tracking inflation data and ETF fund flows.

Crypto

OKX raises funds at $25 billion valuation with Circle, Ripple, SC Ventures participating

Cryptocurrency exchange OKX has raised new funding at a valuation of $25 billion. A recent Bloomberg report said Circle, Ripple, SC Ventures under Standard Chartered, and London-based quant hedge fund Qube Research & Technologies (QRT) participated. The size of the investment was not disclosed. The funding follows an extension of a March funding round in which Intercontinental Exchange invested about $200 million at the same valuation.

Crypto

XRP, Quant and Injective eyed as 3 altcoins seeking breakout this week

As the cryptocurrency market extends its recovery, XRP, Quant (QNT) and Injective (INJ) are being cited as altcoins with potential breakouts this week. Analyst Ali Martinez said each is forming a different bullish chart pattern. XRP has moved above a descending triangle trendline, with 1.50 as a key level. Quant, after a September surge, faces 262 as a near-term pivot. Injective is retesting its cup-and-handle neckline around 7.33.