Crypto markets kept the momentum rolling into the evening, with Bitcoin (BTC) kicking off Uptober in style above 120,000 and up more than 10 percent on the week. Macro chatter added fuel as Arthur Hayes argued that European money printing, spurred by France’s fiscal strains, could steer more capital toward Bitcoin. Stateside, the U.S. Treasury and IRS eased the Corporate Alternative Minimum Tax burden on companies holding Bitcoin by excluding unrealized gains, a tailwind for corporate treasurers considering on balance sheet crypto exposure. Altcoins grabbed their share of the spotlight. Binance Coin (BNB) ripped to fresh all time highs north of 1,100, helped by Kazakhstan’s plan to hold crypto reserves and a broad risk on tone that made BNB one of the month’s standout performers. XRP (XRP) punched through 3 on rising institutional volumes and growing traction in Japan, with some analysts eyeing 3.60 if momentum clears nearby resistance. Ripple also put real money behind research, dona...
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