BTC is currently trading near $62,000 and ETH ~$4,350. Notable gainers in the last 24hrs are SAND, RUNE, and SPELL. The global crypto market cap is ~$2.77T, a 2.9% increase over the last day. DeFi Total Value Locked is above $243bn and BTC dominance is above 44%.
Metaverse-related tokens continued to rally this weekend after Facebook revealed on Thursday its vision to bring the metaverse to life, complete with changing its name to Meta. CUBE, MANA, STARL, and SAND are each up 2.5-4.5x over the last seven days.
Bitcoin turned in its best month since December 2020, increasing 40% in October, due mainly to successful futures-based US ETF launches, rising network settlement volume, growing Lightning Network users, positive seasonality, and the coming Taproot upgrade.
Ethereum was also strong in October, up 43%, with rising TVL, a successful Altair upgrade showing a clear path to ETH 2.0, continued record daily burns, and the potential for an ether US ETF.2021.11.01
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