Bitcoin, Solona and Shiba Inu – European Wrap 7 October

Bitcoin price showed a massive uptick in buying pressure, which could be driven by the expected launch of BTC Futures ETF in October. While investors put their capital into BTC, altcoins continue to show no strength.

Solana price is showing an affinity to move higher, but its price action is resulting in the development of a bearish structure in the short term. Therefore, SOL shows no apparent directional bias and could head either way. However, investors can look to two crucial barriers to try and predict its breakout.

Shiba Inu is ready to overtake Dogecoin with its rapid growth in market capitalization. The memecoin is currently the most traded cryptocurrency on Binance, Coinbase and Huobi.