Investing.com – The cryptocurrency marketcap rose 2.8% in October 2024, according to Binance Research, largely attributed to inflows into spot ETFs and favorable U.S. job data.
While the market is closely watching for regulatory changes after the U.S. presidential election, it faces challenges, including geopolitical tensions like the Israel-Iran conflict and allegations against .
According to Binance Research, Bitcoin’s correlation with the is approaching record levels as investors are increasingly treating the primary cryptocurrency as both a risk-on asset and a hedge against economic uncertainties. Historically, Bitcoin’s relationship with equities has been weak, with only temporary spikes due to liquidity adjustments or interest rate shifts.
Other highlights show that out of the top 15 revenue-generating chains and applications, 13 are applications, indicating that much of the industry’s revenue is driven…
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