Crypto Market Wrap: October 14 – Key Highlights

The cryptocurrency market saw a mixed bag of news on October 14th, with Bitcoin’s price falling after hitting new lows. BlackRock’s investment product saw strong inflows despite a decline in the overall industry. While Bitcoin dropped below $112,000 and Ethereum saw a significant dip, Dogecoin also experienced a downturn alongside other market participants. This volatility was partly attributed to ongoing trade tensions between US and China, with fears of sanctions contributing to price fluctuations. Meanwhile, partnerships were announced, including SG-FORGE and Bitpanda expanding their stablecoin offerings for DeFi. Notably, Bhutan is moving from Polygon to Ethereum for its National Digital Identity project, aiming for completion by Q1 2026. Ethereum also saw developments in the form of its Fusaka upgrade on Sepolia, which aims to cut data costs via PeerDAS, with a final test planned before mainnet launch on October 28th. Finally, Enso Network launched its mainnet and ENSO token on Ethereum and BNB, consolidating DeFi protocols under one interface, supporting over 145 projects and $17B in transactions.