Crypto Crashes as Fed’s October Move Looms
The Federal Reserve’s Oct. 28-29 meeting faces uncertainty due to a government shutdown delaying key labor data, impacting market expectations for a potential 25 basis-point rate cut. #Update #Crypto $BTC
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The Federal Reserve’s Oct. 28-29 meeting faces uncertainty due to a government shutdown delaying key labor data, impacting market expectations for a potential 25 basis-point rate cut. #Update #Crypto $BTC
The USD1 stablecoin from @WorldLibertyFin has not updated its monthly attestation reports since July, raising transparency concerns as it competes with $USDC and Tether. #Update #Crypto $USDT
@Robinhood lists four preferred stocks from @MicroStrategy, including STRC, allowing retail investors to access bitcoin-linked products without diluting common stock holders. #Update #Crypto $STRC
Bitcoin ($BTC) trades near record highs at $124,386.22; key levels to watch include $126,100 resistance, potential breakout target of $135,000, and significant call open interest at $140,000. #Update #Crypto $BTC
$DOGE surged back above $0.26 after a mid-session drop to $0.248, with 2 billion DOGE accumulated by large holders in 72 hours, indicating potential breakout towards $0.30–$0.33 resistance. #Update #Crypto $DOGE
Bitcoin $BTC surged to $124,112.70 amid a $3.24B inflow into U.S. spot ETFs, driven by safe-haven demand during the U.S. government shutdown. Other tokens gained 1-3%. #Update #Crypto $BTC
@MercadoBitcoin is shifting focus from crypto trading to becoming a financial hub in Brazil, emphasizing digital fixed income and remittances, with trading revenue dropping from 95% to 60%. #Update #Crypto $BRL
@Walmart-backed OnePay plans to introduce cryptocurrency trading for $BTC and $ETH in its app by year-end, leveraging infrastructure from Zerohash. #Update #Crypto $BTC $ETH
Brazil’s BTG Pactual’s crypto platform Mynt identifies five cryptocurrencies for October gains: $BTC, $ETH, $SOL, $AVAX, and SKY, amid rising institutional interest and easing U.S. interest rates. #Update #Crypto $BTC
Bitcoin’s 200-week moving average has breached $53,000, while the realized price is above $54,000, suggesting potential early-stage bull market dynamics despite investor concerns. #Update #Crypto $BTC
The U.S. government shutdown delays crypto policymaking, impacting ETF launches and market structure legislation, with potential for extended partisan disputes if the shutdown continues. #Update #Crypto $SOL $LTC
Retail investors are now driving significant market movements, with trading volumes up to 35% in the U.S. and UK, and crypto market cap exceeding $4T, highlighting their growing influence. #Update #Crypto $BTC $ETH
Ethereum’s upcoming Fusaka upgrade aims to enhance efficiency and reduce costs by implementing Peer Data Availability Sampling, potentially increasing rollup capacity and attracting institutional adoption. #Update #Crypto $ETH
@VanEck has registered a trust for the proposed VanEck Lido Staked Ethereum ETF in Delaware, potentially the first staked ETH ETF in the U.S., enhancing institutional access to staked $ETH. #Update #Crypto $ETH