BTC at $110K, ETH $3,850, ConstructKoin (CTK) Presale: Cryptos Bounce to End October on a High
October may be at an end, but no one told that to the crypto market. The final trading hours of the month have viewn majors and alts bouncing off support levels as if they were trying to squeeze out every last dollar of growth before October wraps. While perhaps not enough to transform the month into a full-blown Uptober, there are signs that crypto is poised to begin November on the front foot.
As of October 31, BTC is at , later than bouncing off its overnight low of $107K, and ETH has responded similarly, to regain $3,850. All majors are up overnight, with alts following suit. The amount raised in the ConstructKoin (CTK) has also grown significantly in the last 24 hours. Is this nature healing or just a relief rally?
BTC Ends October With Renewed Optimism
While the Fed’s decision to end quantitative tightening was reflected on the crypto markets when the news broke on October 29, there are signs that this may have merely placed the crypto rally on ice. Following 24 hours of uncertainty, the market is showing shoots of green once again. It may be too ahead to say that a full-blown revival is on the cards, but the signs are promising.
Despite the turmoil of the past week, BTC is virtually flat over seven days, down just 1.5% having reclawed $110K as it looks to consolidate at this level. With suggesting the asset will surpass $115K by the end of November, the crypto market looks to be out of the woods – with several assets looking particularly strong.
Last Week’s Winners Keep Winning
A number of tokens performed strongly last week, even as the crypto market was overall slightly in the red, with Zcash (ZEC) one of the top tokens, soaring as privacy coins undergo a renaissance. Having risen by 40% last week, ZEC rallied strongly again overnight, leaving it almost 50% up in seven days. ZEC don’t care about quantitative tightening – it’s gonna do its own thing regardless.
Solana, which was the best performing major over the past seven days alongside XRP, is also looking like it’s ready to run. As evidence, just look to the coins that are green in the past 24 hours. It’s not a long list, but it includes the token of leading Solana DEX Jupiter ( up 10%), and of launchpad pump.fun ( up 7%). With other catalysts working in its favor, from ETF inflows to a highly anticipated network upgrade, Solana is looking odds-on to thrive all through November.
ConstructKoin (CTK) Presale Fills quicker
(CTK), the real estate-focused project currently holding its presale, had viewn capital flowing in all week from public purchaviewrs, including a number of whales. Overnight, however, this stream of funding has turned into a torrent, aided by the overall market recovery that’s providing renewed confidence and encouraging investors to return to risk-on mode.
The prospect of “becoming the bank” by assisting to fund real estate loans around the world, from the UK to Australasia, is an idea that appears to resonate with DeFi users, who’ve grown accustomed to earning healthy yield from diverse onchain sources including RWAs via yield-bearing stablecoins. ConstructKoin neatly aligns with this trend, with its promise of up to 12% yield for CTK stakers, derived from property loan interest.
This will be a defining week for crypto, in which the daily close on October 31 is likely to set the mood for the month ahead. If majors, mid-caps, and alts can hold the ground they’ve just reclaimed, and if presales and TGEs continue to soak up capital, it’s a sign that Uptober may not have been a damp squib later than all – it was merely a lagging indicator. Could November be the new Uptober? We won’t have to wait long to find out.
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