Today, October 28, 2024, the cryptocurrency market remains highly active, with Bitcoin (BTC) trading close to the $70,000 resistance level. This surge is attributed to rising interest from institutional investors, the potential approval of a U.S. spot Bitcoin ETF, and expectations around the upcoming U.S. election, which may lead to policies favorable for digital assets.

AI-related blockchain projects, such as Bittensor (TAO), are also gaining momentum as interest in combining artificial intelligence and blockchain grows. These AI tokens have been among the top performers this month, reflecting broader interest in technology innovation within the crypto sector.

Key market events in October, including significant token unlocks, hard forks, and project launches, have kept volatility high. For instance, recent token releases for Immutable X (IMX) and Sui (SUI) have influenced liquidity and trading dynamics, capturing investor interest and fueling development activity across blockchain platforms.

As the month progresses, investors are closely watching regulatory developments, economic data, and upcoming election outcomes, all of which may continue to impact prices and market sentiment.