The crypto market experienced mixed trading over the past 24 hours, with Bitcoin falling 1% to $63,780 but still closing September with a strong 8.9% gain. Despite some profit-taking transactions at current levels, Bitcoin is expected to maintain a positive medium-term outlook, with a potential breakout above $70k signaling further upward momentum. CleanSpark’s CEO, Zach Bradford, remains bullish, predicting Bitcoin could reach $200,000 within 18 months, attributing potential stability to the conclusion of the upcoming U.S. presidential election.

Ethereum, meanwhile, remained unchanged at $2,632, though it saw inflows of $87 million, breaking a five-week negative trend. Binance Coin also showed strength with a 0.3% rise, reaching $580, while Sui Crypto rallied 9.4% to $1.91 following the launch of Sui Bridge on Ethereum’s mainnet.

Crypto investment products have continued to see weekly inflows for the third consecutive week, driven by recent U.S. Federal Reserve interest rate cuts and approval of new investment options. Bitcoin products attracted $1 billion in inflows, and Ethereum investment flows returned to positive territory. However, Ether-based ETFs have seen less traction compared to their Bitcoin counterparts, with investors needing more education about their potential, according to BlackRock’s Robert Mitchnick.

In the broader crypto market, new developments include Binance listing EigenLayer tokens and World Liberty Financial opening its whitelist for investors, excluding most U.S. residents. Additionally, Ohio Senator Niraj Antani proposed a bill to allow tax payments in cryptocurrency, reflecting growing acceptance of digital assets in mainstream finance.

Security concerns continue to rise as over $2 billion has been lost in crypto exchange hacks this year, surpassing last year’s total. Meanwhile, Taiwan's Financial Supervisory Committee plans to allow professional investors to participate in foreign crypto ETFs, enhancing market access for high-net-worth individuals and institutions.