Price analysis 10/17: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB By Cointelegraph

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Price analysis 10/17: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

The United States equities markets have made a bullish start to the new week. The S&P 500 is up about 2.60% and the has rallied more than 3%. This indicates that the markets have shrugged off September’s high inflation reading and shifted focus onto the third-quarter earnings.

The stock market’s recovery could pave the way for (BTC) to break out of the range it has been stuck in for the past several days. A positive sign for the bulls is that the amount of Bitcoin held in cold storage or lost has risen to a five-year high, according to Glassnode data.

Daily cryptocurrency market performance. Source: Coin360