The crypto world seems to be taking a chill pill over the last 24 hours, with the markets not making any wild moves. The total market value of all cryptocurrencies is lounging around a cool $2.26 trillion.
Now, what’s the buzz? HBO dropped a bombshell documentary titled “Money Electric: The Bitcoin Mystery,” claiming to have cracked the code on who really is Satoshi Nakamoto, the legendary, elusive creator of Bitcoin. The show points fingers at Peter Todd, a well-known software developer in the Bitcoin community. But Todd laughed it off, and the crypto community isn't buying it either. The drama is real, but the price action? Not so much.
Bitcoin has been flirting with the $62,000 mark, showing no signs of a dramatic twist. The derivatives market saw about $120 million in liquidations, mostly from those betting on a price rise. Looks like the bears are having their moment in the spotlight.
The real question is whether Bitcoin can keep its balance at $62,000. If it stumbles, we might see it sliding to the psychological $60K mark—a crucial point that could set the tone for Bitcoin's next move.
In the altcoin alley, EIGEN is strutting its stuff, leading the pack with a 10% leap and sitting pretty above $4. This crypto star, part of one of Ethereum's big restaking protocols, now boasts a market cap of around $760 million.
Meanwhile, other players like ETH, SOL, XRP, and more are just chilling, showing no significant moves. October is usually a month of thrills for crypto, but this year, it's been more of a letdown so far. Will the trend turn around? Stay tuned!
