NFT News Today TheBittimes.com

As October nears a close, one reality for crypto enthusiasts is that the anticipated ‘Uptober’ rally might not materialize in 2024. With Bitcoin’s (BTC) performance falling short of expectations, questions are emerging about whether there’s a shift in traditional price rally catalysts—a factor that a crypto expert has weighed in on. In this context, while acknowledging the possibility of a failed ‘Uptober’ rally, Michaël van de Poppe pointed to emerging catalysts that could fuel a stronger bull run than seen in previous cycles, as noted in an X post on October 27. Picks for you Gold rush: Central banks' gold reserves doubled over a decade to record highs 2 hours ago Crypto trader turns $1,700 into $8...

The “Uptober” is coming to an end while bringing some indicators that suggest a bull market could be starting. In this scenario, Ripple sold over $100 million of 200 million XRP amid a shy recovery of the token’s price while disclosing a $10 million donation to Kamala Harris. On October 21, Ripple spent all the 200 million XRP reserved in its treasury account for this month’s sales. The amount was sent to the unknown address ‘rP4X2hTa7A7udDbE6wczXvPz7XZ63sKxv3,’ which is Ripple’s usual destination for its monthly transactions. While Ripple has not disclosed this sale, in particular, the company has already disclosed its selling model on many occasions. According to sources, its XRP sales go through an On-Demand Liquidity (ODL) model, selling at market price to willing customers. Picks for you Trufla...