Uptober Boost: Cryptos Surge as Spot Demand Surpasses Leverage

Reported 1 day ago

In October, cryptocurrencies like Bitcoin, Zcash, and BNB are experiencing significant gains driven by increased spot demand rather than leveraged trading. This shift, characterized by BTC hitting an all-time high of $125,700 and Zcash surging 123% in one week, is seen as a positive trend for market health. Experts note that if this momentum continues, it could signify a healthier crypto cycle devoid of excessive speculation.

Source: YAHOO

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