Crypto Update Today, October 10 – BTC Price USD Stable at $121K as ETFs Experience Notable Inflows, Zcash Surges 33% and USELESS Reaches New ATH: Top Crypto to Purchase This October?
On Wednesday, Bitcoin’s upward trend took a breather, dropping 1.4% over the last 24 hours to $121,305, as reported by Coingecko. This downturn occurs despite the fact that spot BTC ETFs are still seeing substantial inflows, indicating ongoing institutional interest. Even with short-term pressure, BTC is still up 3.3% for the week, and searches for “how to purchase BTC on Binance” are increasing as investors explore options, such as the best crypto investments available now.
EXPLORE: Top New Cryptocurrencies to Invest in 2025
At the same time, Bitcoin’s
BTC
7.13%
BTC
Bitcoin
Price
$112,646.69
7.13% /24h
Volume in 24h
$160.01B
Price 7d
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dominance has increased to 58.58%, marking its highest point since June as traders shift toward safer investments amid uncertainties surrounding the U.S. debt ceiling and a robust U.S. dollar. The Altcoin Season Index has decreased by nearly 10%, and Ethereum’s dominance has dipped to 12.66%, highlighting a decreased interest in altcoins.
Institutional Inflows and Crypto market Shifts – Exploring the Best Crypto to Invest In
As per Glassnode, U.S. spot BTC ETFs have garnered over $2.2 billion in net inflows this week, their most substantial performance since April. This surge of institutional investment has enabled BTC to breach a critical barrier level range between $114K and $117K, indicating strong structural price floor.
However, overall risk sentiment remains conservative. The correlation of crypto with the S&P 500 over the last 24 hours has risen to 0.83, the highest mark since August, as hawkish statements from the Federal Reserve have put pressure on equities. Traders are closely monitoring the U.S. CPI report set for Friday, which may reawaken inflation and interest rate concerns.
Despite some market declines, Zcash
Zcash
2.57%
Zcash
ZEC
Price
$235.77
2.57% /24h
Volume in 24h
$1.96B
Price 7d
