Crypto closed the day leaning risk-on as investors positioned ahead of rate calls from the Fed and BOJ, a run of big tech earnings, and a global policy summit. Digital asset products pulled in 921 million dollars over the past two weeks even as some corners lagged, and Bitcoin (BTC) reclaimed momentum into the evening. Bitcoin shrugged off recent jitters, jumping back above 115,000 and clearing its 50 day moving average, with Bitcoin focused products attracting 931 million dollars in inflows while gold eased. The backdrop was not all smooth sailing. Core developers sparred over a temporary soft fork proposal, BIP 444, aimed at curbing non monetary data on chain, reviving debates about censorship and precedent. Meanwhile, the long shadow of Mt Gox lengthened again, with creditor repayments pushed to October 2026 as the estate continues to hold 34,689 BTC for eventual distribution. Ethereum (ETH) spent the day flexing its institutional muscle. Price action pressed toward the 4,200 area as whales and corporates kept accumulating. SharpLink Gaming added roughly 80 million dollars of ETH, taking its reserves to 3.6 billion dollars and cementing itself as a top corporate holder, while BitMine lifted its stash to more than 3.3 million ETH, about 2.8 percent of supply, citing a better macro tone. Not everyone was a buyer. U.S. Ethereum ETFs saw 555 million dollars in outflows over two weeks, and ETHZilla sold 40 million dollars of ETH to fund a share buyback that popped its stock. The day also featured a philosophical skirmish as Solana co founder Anatoly Yakovenko questioned whether Ethereum layer 2s truly inherit base layer security, with Vitalik Buterin offering a different view. The payment rails story continued to mature. Japan unveiled JPYC, the country’s first yen backed stablecoin (JPYC), launching October 27 with full backing in yen deposits and government bonds and zero transaction fees as revenue comes from bond interest. Western Union rolled out a pilot using stablecoins to modernize remittance settlement and treasury flows. In banking, Citi teamed up with Coinbase to expand institutional stablecoin payments, ClearBank joined the Circle network to issue and redeem USDC and EURC for faster cross border transfers, and Canada said stablecoin rules are coming in its November 4 budget update to keep pace with the U.S. and MiCA. IBM introduced Digital Asset Haven with Dfns to let governments, banks, and enterprises manage assets across 40 chains, while Ant Group filed an AntCoin trademark in Hong Kong, a signal that Alipay’s ecosystem could angle into regulated Web3 services despite constraints on the mainland. Corporate treasuries remained an active bid. In Korea, Bitplanet opened a regulated Bitcoin treasury program with a first purchase of 93 BTC as it charts a path toward 10,000 BTC. In the U.S., American Bitcoin Corp tied to Eric Trump lifted holdings to 3,865 BTC through a mix of mining and buys, sparking an 11 percent stock jump. Strategy, led by Michael Saylor, cooled its pace to the slowest of the year but still added 390 BTC recently, keeping dry powder optionality intact. Courts and policy delivered clarity in pockets. India’s Madras High Court ruled that cryptocurrencies including XRP (XRP) are property under Indian law, reinforcing fiduciary duties and blocking WazirX from reallocating user funds after a hack. That legal footing dovetailed with growing XRP headlines as Evernorth, a Ripple backed treasury firm, amassed more than 1 billion dollars in XRP, underscoring institutional interest even as day to day price action remains choppy. Altcoins had their moments, though leadership stayed concentrated. Zcash (ZEC) extended a stunning three month run, now up more than 750 percent as Arthur Hayes’s 10,000 dollar target kept privacy momentum in focus. BNB Chain burned 1.44 million BNB worth roughly 1.2 billion dollars, trimming supply to 137.74 million. Chainlink (LINK) whales pulled more than 300 million dollars worth of tokens off exchanges, nudging price toward 18.80 and fueling accumulation chatter. ETF filings for Solana (SOL), Hedera (HBAR), and Litecoin (LTC) hinted at wider institutional access on the horizon. Pi Coin (PI) popped 25 percent on higher volumes even as it remains down 40 percent over three months. XRP (XRP) stayed a longer term standout but lagged majors on the day. Broadly, alt activity is still muted with Bitcoin dominance near 59 percent and liquidity clustered in a few pairs. Under the hood, flows favored Bitcoin as a macro hedge with a risk tilt. Optimism around potential Fed cuts and stabilizing growth had traders rotating out of gold and back into BTC, while Ethereum’s setup looked stronger on chain than in ETF wrappers. With central bank decisions, earnings, and policy headlines stacked up, the next stretch will test whether today’s institutional bid and payment rail progress can translate into sustained upside for BTC, ETH, and the better positioned alts.
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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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