Bitcoin stabilizes around $61,000, Ethereum hovers around $2,400, XRP rises nearly 3%

• Bitcoin was stable at around $61,000 as of Thursday, noting the previous day's outflows of $30.6 million across ETFs.
• All Ether ETFs showed neutral flows on Wednesday, pushing Ethereum’s range below $2,400.
• XRP added 3% to its value and is trading above $0.5300 on Thursday.

Bitcoin, Ethereum, XRP updates

• On Wednesday, $30.6 million in outflows were observed from Bitcoin (BTC) spot exchange traded funds (ETFs). The largest crypto asset by market capitalization was trading at $61,039 at the time of writing on Thursday, increasing its value by almost 0.6% on the day.
• The Ethereum (ETH) Spot ETF recorded neutral flows the previous day, but as of writing on Thursday, ETH is trading at $2,391.
• XRP is trading at $0.5381, up nearly 3% in value on Thursday.

Chart of the day: Uniswap (UNI)

Uniswap ranks among the tokens that have delivered relatively high returns to holders in the past 24 hours. UNI increased its value by more than 10% during this period and was trading at $8.081 at the time of writing on Thursday. UNI broke out of the downtrend on October 5th.

UNI gears up for profit expansion and aims to rise to the upper end of the fair value gap (FVG) between $8.799 and $8.585. UNI could rise more than 10% from current price levels.

The Moving Average Convergence Divergence (MACD) indicator displays green histogram bars, indicating positive momentum underlying the UNI price trend.

UNI/USDT daily chart

UNI’s bullish theory could be invalidated if Uniswap closes below its 50-day exponential moving average (EMA) of $7.196.

Market updates

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

• The Federal Bureau of Investigation (FBI) launched the token NexFundAI as bait to catch market manipulators. According to on-chain data, authorities have identified the operator of the SAITAMA token.

• On Thursday, the Crypto Fear & Greed Index changed from “neutral” to “fear.” This means that sentiment among traders has changed, and if it turns into 'extreme fear', it could be a buying opportunity.

Industry updates

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

• Bitcoin staking protocol Solv’s Total Value Locked (TVL) amount has exceeded $470 million, according to data from DeFiLlama.

SolvBTC LST TVL

• According to an official announcement, Bitget Exchange will update its listing criteria to evaluate fully diluted value (FDV), funding background, token unlocking schedule, financial, security, compliance, political and ethical risks.