Announcements Gate Research: Bitcoin Breaks Strongly Above $66K, Puffer Airdrop Surges Nearly 60% Upon Launch, Gate.io Launches PUFFER Staking

Gate Research: Bitcoin Breaks Strongly Above $66K, Puffer Airdrop Surges Nearly 60% Upon Launch, Gate.io Launches PUFFER Staking

2024-10-16 09:49:08 UTC 13375 Read

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Gate Research Daily Report (October 15):The crypto market performed strongly, with BTC surpassing $66,000 and ETH standing above $2,630, reflecting a significant increase in buying sentiment. Spot ETFs for Bitcoin and Ethereum in the U.S. recorded net inflows of $556 million and $17.07 million, respectively, indicating a revival of investor confidence. The Fear and Greed Index rose from 48 to 65, signaling a shift in market sentiment toward greed. Currently, 91% of BTC addresses and 66% of ETH addresses are in profit. Over the past week, crypto asset investment products saw inflows of $407 million, with multi-asset products attracting capital for the 17th consecutive week. Additionally, Puffer’s Total Value Locked (TVL) surged to $1.4 billion, with its token price increasing by 95% within 24 hours.

* **Market Analysis**: BTC has strongly broken through $66,000, while ETH stands above $2,630, with market buying sentiment significantly increasing.
* **Top Performers**: The most popular tokens in the past 24 hours are DEEP, PUFFER, and BOME.
* **Data Highlights**: Digital asset investment products have attracted $407 million in inflows over the past week, marking the 17th consecutive week of inflows.
* **Spotlight Analysis**: Tether is in discussions with commodity traders to negotiate loans totaling up to $1 billion.
* **Market Opportunities**: Mantle's mainnet is actively advancing its *Metamorphosis* initiative, planning to distribute new COOK tokens to the community.

Explore today's details   👉🏻 [Gate Research: Bitcoin Surges Over $64,000 with High Trading Volume; Base On-Chain Transactions Surge; Gate Ventures Launches Move Ecosystem Fund](https://www.gate.io/learn/articles/gate-research-btc-retraces-after-approaching-68000-resistance-grayscale-applies-to-convert-mixed-crypto-fund-to-an-etf/4415?ch=GDR_ann_20241016&utm_campaign=TR_D4K1Ihyv&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term= "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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Oct 16th, 2024

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Gate Research: Bitcoin Breaks Strongly Above $66K, Puffer Airdrop Surges Nearly 60% Upon Launch, Gate.io Launches PUFFER Staking

Gate Research: Bitcoin Breaks Strongly Above $66K, Puffer Airdrop Surges Nearly 60% Upon Launch, Gate.io Launches PUFFER Staking

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