Bitcoin, Dogecoin and Ethereum – European Wrap 8 October

Bitcoin price has positioned itself for a correction after the recent uptick in buying pressure. While the uptick made sense from a technical perspective, the rate of the uptrend did not and could be attributed to the renewed hype around the approval of a futures ETF.

 

BTC/USD 1-day chart

Shiba Inu has announced its latest partnership for burning SHIB ecosystem tokens. Popular as the Dogecoin-killer, Shytoshi Kusama has unveiled plans to boost the utility of SHIB, LEASH and BONE. 

Institutional interest in DeFi is on the rise. MetaMask Institutional (MMI), the institutional arm of Ethereum wallet MetaMask, has partnered with institutions to access DeFi protocols.