Bitcoin and several major altcoins are trying to start a recovery, but they are likely to be met with significant selling pressure at higher levels. Source: cointelegraph.com (Read Full Article)
Crypto Biz: Wall Street turns the key: Banks, stablecoins, tokenized collateral hit fast-forward
Wall Street leans into crypto: E*Trade to add BTC, ETH and SOL, JPMorgan cools on stablecoin risks, and CFTC tests tokenized collateral. Source: cointelegraph.com (Read Full Article)
AlphaTON adds $30M in Toncoin to balance sheet amid price decline
Two Nasdaq-listed DATs are investing in The Open Network’s native token, allocating millions to token reserves even as the asset and their share prices decline. Source: cointelegraph.com (Read Full Article)
Do LLMs Dream of Electric Sheep? New AI Study Shows Surprising Results
A new AI study finds that large language models show stable, surprising behaviors when left alone. Source: decrypt.co (Read Full Article)
$18 Billion in Bitcoin Options Set to Expire—Here’s What to Expect
A record $18 billion Bitcoin options expiry today may spark delayed volatility as crypto markets brace for weekend moves, said analysts. Source: decrypt.co (Read Full Article)
Bitcoin underperformance signals ‘distinct’ Q3 altseason: Grayscale
According to Grayscale, some market sectors benefited from significant changes to US policy in the third quarter, but Bitcoin underperformed compared to Ether and others. Source: cointelegraph.com (Read Full Article)
Tether’s mega fundraise draws top investors as it expands beyond yield income
SoftBank and ARK are reportedly eyeing an investment in Tether, a move that could value the stablecoin issuer at up to $500 billion as it diversifies beyond USDT. Source: cointelegraph.com (Read Full Article)
Bitcoin’s Recent Drop Linked to Stronger US Jobs Data, Analysts Eye Potential Retest of $110,000 Amidst Market Correction
Bitcoin experienced a drop to new local lows due to stronger-than-expected US jobs data, leading to a market correction affecting not only Bitcoin but also stocks and gold. The US dollar index reached a three-week high, hinting at a potential retest of $110,000 for Bitcoin. The decrease in US jobless claims diminished expectations for Federal Reserve interest rate cuts, boosting the US dollar but weighing on crypto, stocks, and gold. Uncertainty surrounding the Russia-Ukraine conflict also added to the negative market sentiment. Analysts suggest that reclaiming $115,200 is crucial for Bitcoin to revisit its peak, with $110,000 becoming a key support level. The market is currently in a delicate state, with the possibility of a price squeeze amidst significant short positions. [Original Post] Generated by DMK News Bot
Bullish Bitcoin bets unraveled below $110K: Will October revive risk-on sentiment?
Bitcoin is down 5%, its sharpest weekly drop since March, but October seasonality and long-term holder stability suggest a potential recovery ahead. Source: cointelegraph.com (Read Full Article)
Crypto Market Battles Sea of Red and Growing Fear, But HYPE Floats
With Bitcoin standing still and the rest of the crypto market close to posting a red monthly candle, Hyperliquid’s HYPE is bucking the trend. Source: decrypt.co (Read Full Article)