The “Uptober” crypto prophecy is continuing to play out for Bitcoin. The number one cryptocurrency by market cap has pushed well past US$57K at the time of writing.

The orange one has been sitting just above US$57,400 for the past three hours and looking in good shape according to several technical analysts. That’s not to say a dip back down to retest some lower support levels is out of the question. That’s always on the cards, in fact.

As reported a bit earlier, Bitcoin is in vampire mode – seemingly sucking energy from many of the altcoins, or at the very least stealing the show. It’s pulled out the double-necked Gibson and plans to solo on until the janitor turns off the lights.

Okay, slight exaggeration perhaps. BTC is actually only up about 4 per cent since this time yesterday and Shiba Inu (SHIB), for instance, is up 18 per cent. But at an individual market cap of more US$1 trillion, a few percentage points to the good is nothing to sneeze at.

Source: Coin360.com

On the strength of Bitcoin’s good work, the entire crypto market cap valuation is also in decent shape – in fact, at $US2.45 trillion, it’s not too far off an all-time high.

Gun crypto analyst Michaël van de Poppe is feeling positive about a continuation run for the OG, market-moving crypto. However, a retest scenario would be fine, as long as the “range low” level of US$50.5K to $52.5K holds.

If his chart pattern plays out, Van de Poppe doesn’t see the altcoins truly having their moment until Bitcoin hits its all-time-high (US$64,800) and cools off for a while around there.

MicroStrategy CEO Michael Saylor, meanwhile, is sticking to the basics on Twitter today, as others delve deeper.

 

Mooners and shakers

Other than Shiba Inu, which has been panned by Michael “Big Short” Burry for being “pointless”, we’re not seeing any other standout, double-digit percentage action in the top 100.

But when one dog meme goes on a run, a pack can tend to form. One of the day’s best performers, for instance, is Kuma Inu (KUMA), up 101.7 per cent in the past 24 hours, and a face-melting… 3,058 per cent across the past seven days. Seriously… W. T. F?

In no way are we suggesting how to play this one if you’re a KUMA bag holder… but… if it were us… we might be looking at booking some profits soon before Burry talks more dog-token smack, it dumps hard, and all we’re left with is enough for a Kuma Inu T-shirt…

There are a few other other dog tokens humping the CoinGecko chart’s leg at press time, too. But enough of them for now.

Some non-canine-based projects catching our attention include Aussie crypto-lending platform Maple (MPL) +15.6%; DeFi DAO token Olympus Finance (OHM) +14.4%; esports and video entertainment protocol Verasity (VRA) +13.8%; and another promising DeFi play, Rari Governance Token (RGT) +11%.

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