At 8:00 AM UTC+8, Bitcoin was priced at $72,344, showing a -0.54% decrease, while Ethereum stood at $2,659, up by +0.77%. The market's 24-hour long/short ratio in the futures market was almost balanced at 49.8% long versus 50.2% short positions. The Fear and Greed Index, which measures market sentiment, was at 77 yesterday, indicating a "Extreme Greed" level and has maintained 77 today, increasing the crypto market to Extreme Greed territory. 

• In October, the U.S. saw an ADP employment increase of 233,000, surpassing expectations and prior figures. The Q3 real GDP annualized growth was 2.8%, falling below forecasts and prior results. Meanwhile, the core PCE price index rose by 2.2%—higher than anticipated but lower than previous levels. Additionally, real personal consumption expenditures climbed by 3.7%, exceeding both prior values and expectations.
• Microsoft shareholders have begun preliminary voting on whether the company should invest in Bitcoin.
• MicroStrategy plans to raise $42 billion over the next three years to buy more Bitcoin.
• U.S. Bitcoin spot ETFs saw a net inflow of $4.73 billion over the past 13 trading days.
• Vitalik Buterin previously donated 400 ETH from meme coin sales to a Ukrainian charity.
• The amount bet on the U.S. presidential election on Polymarket has exceeded $2.7 billion.
• Canadian-listed company Sol Strategies sold $1.71 million worth of Bitcoin and increased its holdings by 12,389 SOL.

Crypto Fear & Greed Index | Source: Alternative.me 

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Read More: BTC Surpasses $73,000, SUI Surges Amid Strong Ecosystem Performance: Oct 30

10x Research analysts say Bitcoin could reach $100,000 by January 2025, driven by strong institutional interest and bullish market signals. Despite Bitcoin nearing a new high, retail trader interest remains low.

The $100,000 price target is based on their model, which recently triggered two buy signals, the latest on October 14. The model claims an accuracy rate of 86.7% over the last 15 signals. Analysts explained that when Bitcoin hits a six-month high, it typically sees a 40% return over the next three months. At the current price of $73,000, a 40% rise would push Bitcoin past $101,000 by January 27, 2025.

Bitcoin buy signal. Source: 10x Research

Institutions like BlackRock are treating Bitcoin as a long-term stable asset—digital gold. 10x Research explained, "Gold has always been seen as a safe haven asset, so if Bitcoin is the new digital gold, it makes sense that institutions would be interested." In October alone, spot Bitcoin ETFs brought in $4.1 billion worth of Bitcoin.

Spot Bitcoin ETF monthly flows. Source: 10x Research

Read More: BlackRock's Bitcoin ETF IBIT Gains $329M Amid Bitcoin Dip

Bitcoin touched $73,562 on October 29, just shy of its all-time high, but later settled around $72,300. Despite this rally, retail interest remains low. Google search data shows “Bitcoin” is at 23 out of 100 compared to May 2021's peak.

Search interest in “Bitcoin” since October 2019. Source: Google Trends

Crypto analyst Miles Deutscher noted that Bitcoin is close to breaking its all-time high, yet retail traders seem uninterested. Coinbase’s app ranks 308th in the Apple App Store, far below its typical top-50 rank during bull runs. It did, however, jump 167 spots between October 28 and 29, hinting at renewed interest.

CryptoQuant analysts said retail investors are slowly returning but are being outpaced by larger investors. Historically, retail activity lags behind rallies, often joining only after big gains are made.

The GRASS token airdrop on Solana set a record, with 1.5 million addresses claiming tokens. This makes it the most claimed airdrop on Solana so far, according to Dune Analytics. GRASS is the governance token for a Solana-based DePin project.

Source: https://dune.com/asxn_r/grass-claims

The launch was so popular it caused an outage in Phantom, Solana's biggest wallet. Over 2.8 million wallets are eligible for GRASS, with 5 million addresses able to claim eventually, said Andrej Radonjic, CEO of Wynd Labs. It’s important to note that users may have multiple addresses, so GRASS isn't necessarily the most held token in terms of unique users.

GRASS is a viral crypto project that scrapes and cleans web data to train AI bots. Users get GRASS tokens for sharing their bandwidth. Andrej Radonjic noted that users are finally receiving ownership for sharing their bandwidth, challenging a decades-long trend of companies exploiting user data for profit. The token is also used to stake on the network and pay for bandwidth.

 GRASS token price on KuCoin

Read More: What Is Grass Network (GRASS) and How to Earn Passive Income from It?

Robinhood reported Q3 earnings, showing a strong interest in cryptocurrency trading. Crypto volumes hit $14.4 billion, up 112% from last year. Equity trading also rose, reaching $286.2 billion, a 65% increase. Despite this growth, crypto trading has slowed compared to earlier quarters—down from $21.5 billion in Q2 and $36 billion in Q1.

Transaction-based revenue grew by 72% year-over-year to $319 million. Cryptocurrency trading brought in $61 million, up 165% from last year. Assets under custody (AUC) rose 76%, boosted by net deposits and rising stock and crypto values.

Robinhood reported $0.17 per share earnings for Q3, compared to a loss of $0.09 per share last year. Revenue was $637 million, just below the expected $650.67 million. CFO Jason Warnick said, “Q3 was another strong quarter, as we drove 36% year-over-year revenue growth.”

Robinhood is also expanding support for Bitcoin and Ethereum futures. The company introduced event contracts, letting users bet on outcomes of events like the U.S. presidential election.

The crypto landscape is buzzing with activity, from Bitcoin’s predicted climb toward $100,000, fueled by institutional interest, to retail investors slowly re-entering the scene. GRASS has set a new record as the most-claimed airdrop on Solana, highlighting strong community engagement in decentralized projects. Meanwhile, Robinhood continues to show growth, with crypto trading volumes more than doubling year-over-year. However, the lackluster interest in Bitcoin on Google Trends paints a complex picture of whether retail investors are sufficiently drawn to "digital gold" during this current bull run.