September was a bearish month for Bitcoin as usual, but the bulls have largely been in control since March. Will the trend continue? The state of the crypto market, today, is good.

So good, in fact, that total market capitalization for all cryptocurrencies today increased by $10 billion. It’s grown by $26 billion since last week, with Bitcoin—the largest cryptocurrency by market cap—gaining 8% to its price in that time.
More: https://decrypt.co/44736/bitcoin-price-up-8-percent-crypto-market-booms

The growth in the number of Bitcoin whales is in decline. Glassnode thinks that this could spark another bull run. The growth in the number of Bitcoin whales is slowing, according to crypto metrics site Glassnode.

In a “The Week On-Chain” report, published today, Glassnode showed how the growth of the  number of Bitcoin entities—clusters of addresses that Glassnode assumes are controlled by the same person or organization—holding more than 1,000 Bitcoin ($11 million) slowed down all throughout September.
More: https://decrypt.co/44721/bitcoin-whale-growth-slowing-possible-bull-run-report

Grayscale Ethereum Trust has become the second Grayscale entity to be registered as an SEC reporting company.
Digital currency asset manager Grayscale Investments today announced that Grayscale Ethereum Trust has become an SEC reporting company. This means that the Trust and its shares are now registered under the Securities Exchange Act. This follows Grayscale Investments’ filing of the Registration Statement on Form 10 on October 2, 2020.

It is the second digital currency investment vehicle to become an SEC reporting company, after the Grayscale Bitcoin Trust became listed on January 21, 2020. The Grayscale Bitcoin Trust allows investors to gain Bitcoin exposure.
More: https://decrypt.co/44664/grayscale-ethereum-trust-becomes-sec-reporting-company

PHOTO BY MEDENA ROSA ON UNSPLASH

In the past week, the alternative cryptocurrency (altcoin) market has further slumped against Bitcoin.

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More: https://cryptoslate.com/traders-warn-about-ethereum-and-defi-as-momentum-dwindles-against-bitcoin/

Bitcoin has undergone a strong rally over the past few days as buyers have returned to this market.
More: https://cryptoslate.com/financial-analyst-expects-fireworks-for-bitcoin-in-2021-as-macro-trends-align/

Much crypto investor focus has been placed on decentralized finance over recent months. But an underlying narrative remains the potential for a U.S.-regulated Bitcoin exchange-traded fund, which should theoretically allow any investor to easily and securely build a bet on digital assets.

Firms such as Gemini and VanEck have made multiple attempts at launching a Bitcoin ETF for the masses, but all attempts have failed thus far.
More: https://cryptoslate.com/bitcoins-etf-chances-are-improving-as-global-crypto-regulation-increases/

The crypto industry was struck with another unexpected development last night that sent shockwaves throughout the market and caused Bitcoin’s price to reel lower.

Bitcoin’s sell-side pressure began growing earlier today after news broke of the OKEx not being able to process withdraws due to the founder being arrested by Chinese authorities.

He is the sole holder of the key required to process withdraw requests, which must be regularly inputted for withdraw requests to continue being processed on schedule.
More: https://cryptoslate.com/data-firm-okex-saw-113m-in-bitcoin-outflows-just-before-suspending-withdraws/

Cryptocurrency exchange OKEx has suspended withdrawals from its platform indefinitely, as one of its multisig key holders has been held in police custody. The news about hundreds of millions of dollars worth of cryptocurrencies being trapped on the exchange shaved off around 3 percent off of Bitcoin’s price but sent UNI, Uniswap’s native token, up by almost 15 percent.
More: https://cryptoslate.com/uni-jumps-15-after-okex-suspends-withdrawals-due-to-police-investigation/