Announcements Gate Research: Bitcoin Surges Over $64,000 with High Trading Volume; Base On-Chain Transactions Surge; Gate Ventures Launches Move Ecosystem Fund

Gate Research: Bitcoin Surges Over $64,000 with High Trading Volume; Base On-Chain Transactions Surge; Gate Ventures Launches Move Ecosystem Fund

2024-10-14 10:42:22 UTC 12078 Read

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Gate Research Daily Report(October 14) : BTC price rose 1.84% in the past 24 hours. On October 11, the total net inflow for U.S. Bitcoin spot ETFs reached $254 million. Base network’s trading volume surged, accounting for 40% to 60% of the combined volume across Arbitrum, Base, and Optimism. USDT (ERC-20) balance on exchanges increased by 152.38% to $22.4 billion, setting a new all-time high. Raydium’s average daily trading volume in October exceeded $1.017 billion. Gate Ventures and Boon Ventures announced a partnership with Movement Labs to establish a new $20 million fund to foster the growth of the Move ecosystem.

**Market Analysis**: BTC price rose 1.84% in the last 24 hours. After a brief market consolidation, trading volume surged, leading to a slight increase in price.
**Top Performers**: The most popular tokens in the past 24 hours were WELL, ALI, and THL.
**Data Highlights**: Transaction volume on the Base network surged, accounting for 40% to 60% of the total volume across Arbitrum, Base, and Optimism.
**Spotlight Analysis**: Raydium’s average daily trading volume in October exceeded $1.017 billion, reflecting a 99.89% increase compared to September.
**Market Opportunities**: Five projects announced funding, raising a total of over $23.35 million across infrastructure, Layer 2, social, and DeFi sectors.

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Gate Research: Bitcoin Surges Over $64,000 with High Trading Volume; Base On-Chain Transactions Surge; Gate Ventures Launches Move Ecosystem Fund

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