Crypto Market Gains Momentum with Bitcoin ETFs, Binance Dominance

The cryptocurrency market advanced 0.56% in the past 24 hours, maintaining a steady bullish tone. Over the past week, the market grew 3%, while the 30-day performance showed a strong 7.69% gain.

Crypto Market Rises as Institutional Inflows and Binance Lead Gains.

Institutional activity has been a major driver of this momentum. U.S. spot Bitcoin ETFs recorded a massive $1.19 billion in inflows on October 6, with BlackRock accounting for nearly $970 million.

Binance was also still leading in the exchange market as it realized 14.8 billion net inflows in the third quarter, which is 158 times more than that of its closest rivals. This dominance has driven a high growth of the Binance ecosystem that boosted BNB by 26% within the last week.

Bitcoin’s price has shown a mild recovery, hovering above $121,000 after a short consolidation period. Ethereum followed the upward trend, trading above $4,400. Meanwhile, Binance Coin (BNB) surged past $1,300 after an impressive week of gains.

Other altcoins also showed strength, with Mantle reaching an all-time high after jumping more than 10%. The overall market sentiment remains positive as investors anticipate further institutional participation and sustained growth in crypto assets.

Veteran analyst in the crypto sector, Peter Brandt, today suggested that Bitcoin would either hit a peak soon or it would hit a major surge phase. Brandt, who monitored the price fluctuations of Bitcoin over the years, observed that the cryptocurrency is prone to different half-peak cycles.

In his words, each cycle has been found to be symmetrical with both pre- and post-halving periods, a trend that has continued to appear with three consecutive cycles. He cautioned that this trend might alter in the near future, but it might be unsafe to rule out considering it wholly.

Brandt claimed that he is evenly divided on the result but believes that Bitcoin may fly way above as high as $150,000 and even higher to $185,000, provided that it does not have a nearby peak.

Bitcoin’s Next Move Could Define the Cycle

According to the analysis provided by Peter Brandt, Bitcoin is approaching its critical point of decision at the current stage. The veteran trader highlighted that the past trends of halvings have successfully forecasted past bull markets; however, he advised that markets eventually change.

His stepping ground is undefined, but there is also hope of a breakout. Provided that Bitcoin does not peak this week, it may be in uncharted land, which will precondition the occurrence of an extensive price discovery in the larger crypto market.

North Dakota Enters the Stablecoin Race

The Bank of North Dakota declared that it had partnered with fintech company Fiserv in order to introduce the "Roughrider Coin." The stablecoin will be USD-based and scheduled to be released in 2026, allowing interbank transfer and merchant payment as well as overseas transactions. It will use the blockchain platform of Fiserv, which can be compatible with other digital currencies.

This token is a tribute to the Rough Riders of Theodore Roosevelt and, by doing this, links current innovation to the rich past of the state. Roughrider Coin is the next step in the strategic placement of North Dakota in the booming state-backed stablecoin industry, following Frontier Stable Token of Wyoming.

BNB Chain Traders Reap Huge Memecoin Profits

In the meantime, traders in the BNB Chain are enjoying colossal profits in another round of memecoins. Data on blockchain reveals that the investor with ID 0xd0a2 had earned nearly $8 million in just three days, investing just $3,500.

Another trader, “hexiecs, experienced a 360,000 to over 5.5 million increase in their tokens after the four tokens started soaring after a Binance co-founder known as Changpeng Zhao posted about it.

This extreme wealth-generating behavior is indicative of the fresh speculative charge flooding the crypto market, which indicates that investors are returning to high-risk, high-reward investments.