While critical US CPI and PPI data are awaited for Bitcoin and altcoins this week, three cryptocurrencies are drawing attention in the market.
Cryptocurrency analysis company Santiment said in its latest post that investors are showing great interest in Bitcoin (BTC), NEIRO and Bitget's native cryptocurrency BGB.
Investors came to the fore with their expectations for Bitcoin due to Uptober and spot ETFs, BGB with its sharp and sudden decline, and NEIRO with whales' transactions.
“As we start the week, the most important cryptocurrencies with abnormally high investor interest are:
Bitcoin -BTC: Analysts and community members remain optimistic about the potential for a bull run in “Uptober” and 2024. There is also increasing institutional interest in Bitcoin, especially with the prospect of more spot ETFs.
NEIRO: Large transactions where whales swap PEPE for NEIRO indicate growing interest and investment.
Bitget – BGB: Its price fell sharply by over 50% on Monday. This sudden drop raises concerns about market manipulation and liquidity issues, while the exchange is providing compensation to traders and holders.
🗣️ The top cryptocurrencies seeing abnormally high levels of trader interest to start the week include:
🪙 @bitcoin $BTC: Analysts and community members continue their optimism about "Uptober" and the potential for a bull run in 2024. There is also a growing institutional… pic.twitter.com/B0gnx4ENuC
— Santiment (@santimentfeed) October 7, 2024
*This is not investment advice.
