- Growing interest in Bitcoin as Uptober approaches
- BGB recovers after major price drop
- NEIRO attracts large investors and whale movements
Recent analyses by the company Santiment, specialized in cryptocurrency market studies, point for a significant increase in investor interest in three specific cryptocurrencies: Bitcoin (BTC), NEIRO and Bitget's native token, BGB.
The growing curiosity around Bitcoin is mainly due to the expectation of the “Uptober” period and the possible approval of spot ETFs. On the other hand, BGB stood out after a sharp price drop, attracting attention due to this volatility. NEIRO, on the other hand, has seen an increase in trading activity by whale investors, indicating a possible strengthening of its position in the market.
According to Santiment, there is palpable optimism among analysts and the community about the possibility of a prolonged bull market, which could extend through the remainder of “Uptober” and into 2024. Furthermore, institutional interest in Bitcoin has been growing, with new spot ETFs being actively considered.
Market movements have been intense, especially with significant transactions involving whales, who are exchanging PEPE for NEIRO, signaling a robust interest and investment in the latter.
After a more than 50% price drop on Monday, concerns have been raised about potential market manipulation and liquidity challenges. In light of these challenges, the affected exchange has promised compensation to affected traders and BGB holders. As the week begins, these three cryptocurrencies have been generating more than usual interest among traders.