The crypto world has been having a bit of a snooze fest over the past 24 hours, with market prices barely twitching. In fact, the total market cap has been chilling at around $2.26 trillion.
Meanwhile, there was a bit of a buzz around HBO's new documentary, Money Electric: The Bitcoin Mystery. The film claims to have unmasked the mysterious Satoshi Nakamoto, the elusive mind behind Bitcoin. The doc points the finger at Peter Todd, a 39-year-old software wizard with long-standing ties to the crypto community. But Todd's not having it, and most of the crypto crowd is rolling their eyes at the whole idea.
As for Bitcoin's price, it's been as steady as a rock, hovering around $62,000. In the world of derivatives, about $120 million got liquidated, with most of the losses coming from long traders. It seems the bears are having their day in the sun.
So, will Bitcoin manage to cling to the $62k mark? If it slips, we’re looking at $60k as the next stop—an important psychological checkpoint that could dictate the coin’s next move.
The broader market scene is about as neutral as a Switzerland watch. Over in altcoin territory, EIGEN is stealing the limelight, outperforming its peers with a 10% rise, now trading at over $4. This newcomer, part of one of Ethereum's major restaking protocols, is flexing with a market cap of around $760 million.
Other altcoins like ETH, SOL, XRP, and the rest of the gang are just coasting along, showing little action.
October's usually a month of fireworks in the crypto realm, but this year, the market’s been more like a damp sparkler. Fingers crossed for some excitement soon!
