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As the crypto market anticipates critical U.S. CPI and PPI data this week, three cryptocurrencies are standing out with significant attention.
Bitcoin, NEIRO, and Bitget (BGB) Are Leading the Trend
Crypto analytics firm Santiment has reported that investor interest is sharply focused on Bitcoin (BTC), NEIRO, and Bitget’s native cryptocurrency, BGB.
Investors are showing strong interest in Bitcoin due to optimism surrounding “Uptober” and the potential for spot ETFs. Meanwhile, BGB has garnered attention after a steep price drop, and NEIRO is in the spotlight due to large whale transactions.
Santiment highlighted the top trending cryptocurrencies as follows:
- Bitcoin (BTC): Analysts and the community remain optimistic about “Uptober” and the potential for a bull run in 2024. Additionally, increasing institutional interest, driven by spot ETF expectations, is boosting Bitcoin demand.
- NEIRO: Whale transactions swapping PEPE for NEIRO are a sign of growing interest and investment in this altcoin.
- Bitget (BGB): After a sharp price drop exceeding 50% on Monday, concerns arose about market manipulation and liquidity issues. However, the exchange has promised compensation to traders and holders.
🗣️ The top cryptocurrencies seeing abnormally high levels of trader interest to start the week include:
🪙 @bitcoin $BTC: Analysts and community members continue their optimism about “Uptober” and the potential for a bull run in 2024. There is also a growing institutional… pic.twitter.com/B0gnx4ENuC
— Santiment (@santimentfeed) October 7, 2024
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