Bitcoin, Ethereum, Dogecoin Begin 'Uptober' Deep In The Red, But Traders See This As The 'Final Shakeout'
Portfolio Pulse from Khyathi Dalal
Cryptocurrency markets, including Bitcoin, Ethereum, and Dogecoin, are experiencing declines amid Middle East tensions. Despite this, traders see potential for a bullish trend, with increased large transactions and active addresses. Notable developments include Ripple's Dubai approval and Robinhood's crypto transfers in Europe.
October 01, 2024 | 7:23 pm
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Robinhood Markets has launched crypto transfers in Europe, allowing transactions in Bitcoin, Ethereum, and Solana with a 1% deposit match for a limited time. This expansion could enhance Robinhood's user base and transaction volume.
Robinhood's expansion into European crypto transfers with incentives like a 1% deposit match is likely to attract more users and increase transaction volumes, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80