Volatility returned to crypto into the close, with macro jitters pulling prices lower even as institutional adoption headlines kept the drumbeat going. The total market cap slipped nearly 1 percent to about 4.12 trillion dollars after tariff rhetoric stoked risk-off nerves, sending Bitcoin (BTC) and Ethereum (ETH) on another intraday roller coaster. Bitcoin hovered in a wide band between roughly 121,000 and just below its all-time high near 126,000 as traders debated whether a supercycle narrative can withstand tighter financial conditions. ETF demand still looks sturdy, with fresh inflows around 198 million dollars helping offset the wobble. Longer term, Deutsche Bank thinks central banks could be adding Bitcoin to reserves by 2030 alongside gold, a sign of how far the asset has come from the fringes even as short-term liquidity remains sensitive to a rising dollar and geopolitics. Ethereum’s week of two tales continued. Price wise, ETH cooled to about 4,352 after a run toward 4,750, with analysts split between a stretch toward 5,500 and a deeper breather as Ethereum ETFs paused momentum and notched outflows. On the builder front, the Ethereum Foundation unveiled the Kohaku wallet framework, a privacy and security push praised by Vitalik Buterin that aims to make private transactions and safer dApp interactions more accessible. That conviction is echoed in treasuries too, with BitMine Immersion adding 23,823 ETH for roughly 103.7 million dollars, taking its holdings to 2.83 million ETH despite the choppier tape. Elsewhere on the board, Litecoin (LTC) jumped as much as 15 percent to around 131 on ETF chatter and visible capital rotation, while XRP (XRP) wrestled with heavy supply overhang just below 3 dollars, chopping between 2.78 and 2.85 with bulls eyeing a rebound toward 4 if momentum flips. Privacy coin Monero (XMR) delivered substance over sizzle, shipping its Fluorine Fermi v0.18.4.3 update to harden the network against spy nodes, sharpen privacy, add Ledger Flex support, and improve P2Pool, a release built by 13 contributors. The adoption ledger keeps printing new entries. Morgan Stanley moved to open crypto fund access to all clients, including retirement accounts, signaling a broader shift in Wall Street’s posture. A heavyweight bank consortium featuring Goldman Sachs, Citi, and Bank of America explored stablecoins pegged to G7 currencies, a notable bridge between legacy finance and on-chain rails. In Asia, HashKey is lining up a 500 million dollar Hong Kong IPO that could bolster the city’s bid as a digital asset hub, while Russia outlined a path to let banks operate with crypto under tight rules by 2026 as it pivots from prohibition toward integration. And in a nod to the tokenization trend, Prestige Wealth raised 150 million dollars to launch Nasdaq’s first Tether Gold treasury product backed by XAUT (XAUT). Innovation and security shared the spotlight on exchanges. Hyperliquid rolled out Based Streams, a blockchain-powered livestreaming and trading platform where creators can broadcast in real time and display on-chain fills, with HYPE (HYPE) used for subscriptions. Hours later, the reminder that blockchains are only as safe as their keys hit home when a wallet compromise led to about 21 million dollars in losses, according to PeckShield. Security concerns extended to leadership as state-backed hackers reportedly probed Binance founder Changpeng Zhao’s Google account, and political headlines swirled with chatter that a presidential pardon could be considered after his conviction and fines. In DeFi, Aster DEX pushed its ASTER (ASTER) airdrop to October 20 after discovering allocation inconsistencies. Policy and enforcement are tugging in opposite directions across the map. South Korea said it will seize cold wallets from tax evaders, including through home searches, raising the stakes for noncompliant holders. Meanwhile, markets felt the sting of Washington to Beijing tensions as tariff threats sparked a sharp sell-off, yanking Bitcoin lower and shaving about 2 percent off crypto’s market cap before dip buyers steadied the tape. Heading into the late session, watch whether Bitcoin ETF inflows can keep offsetting macro headwinds, if Ethereum’s Kohaku and Monero’s Fluorine Fermi upgrades revive a bid for privacy-focused tech, and how regulators in Asia and Wall Street incumbents alike shape the next leg for stablecoins and tokenized treasuries. Until then, it is a market balancing caution with conviction, where security hygiene and patient positioning may matter as much as the next headline.
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📈💰The Federal Reserve announced today that it will maintain its current interest rates, citing a strong job market and moderate economic growth. This decision comes as no surprise to those in the crypto community, as many have been anticipating this outcome for weeks. However, this news may have some investors feeling slightly disappointed, as they were hoping for a rate cut to boost the market.💸💻Crypto tickers such as BTC, ETH, and XRP have been trending upwards in recent weeks, with many investors hoping for a continued bull run. However, with the Fed's decision to keep interest rates steady, some may be wondering if this will have a negative impact on the market. While it's impossible to predict the exact effect on crypto prices, it's important to remember that the Fed's decision is based on a variety of factors and not solely on the crypto market.📉🌎The Fed's decision also has implications for the stock market, with many investors closely watching the anno...
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