๐ TradFi Daily | 10.21
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๐บ๐ธ U.S. Stocks
โช๏ธ According to news reports, Nasdaq futures rose 1%, as SpaceX earnings and news about a potential Tesla merger boosted tech stocks. In addition, Super Microโs sales data eased concerns about AI spending, lifting the AI sector.
โช๏ธ CME data showed that markets priced in an 83.9% probability that the Federal Reserve will leave rates unchanged in October. Clear Street raised its price target for Strategy to $211, with investors watching its October 29 earnings report. The stockโs performance remains highly correlated with Bitcoin and overall risk appetite.
๐ฅ Gold & Commodities
โช๏ธ Holdings in the worldโs largest gold ETF, SPDR Gold Trust, increased by 1.711 tonnes. Although the news reports did not provide gold prices, the change in holdings suggests that investors continued to increase their gold allocations through ETFs that day. Safe-haven demand and real interest rates remain the main pricing drivers.
๐ข๏ธ Crude Oil
โช๏ธ News related to the U.S.-Iran war initially sent crude oil prices fluctuating, before they steadied. Iran and Oman said the route in question would be the only passage through the Strait of Hormuz. Geopolitical supply risks continue to affect energy markets.
๐ Correlation with BTC
Bitcoin reclaimed $83,000, while Zcash rose 8.5% along with the rebound, indicating a short-term recovery in risk appetite. However, this still needs confirmation from trading volumes and ETF flows. $BTC
Increased gold ETF holdings, geopolitical volatility in oil prices, and the Reserve Bank of Australiaโs warning that the inflation outlook has become more challenging and that tight policy is restraining growth could affect BTC through safe-haven sentiment, the U.S. dollar, and global liquidity. CMEโs indicated 83.9% probability of the Fed holding rates steady in October also means that rate-sensitive assets remain constrained by policy expectations.
Separately, USDC Treasury minted 500 million $USDC on $SOL in five minutes. If these tokens subsequently flow to exchanges and on-chain trading, liquidity could improve, but minting alone does not mean there has been a net inflow of funds.
This content does not constitute investment advice. Cryptocurrency markets are highly volatile, so be sure to manage risk.
โโโโโโโโโโโโโ
๐บ๐ธ U.S. Stocks
โช๏ธ According to news reports, Nasdaq futures rose 1%, as SpaceX earnings and news about a potential Tesla merger boosted tech stocks. In addition, Super Microโs sales data eased concerns about AI spending, lifting the AI sector.
โช๏ธ CME data showed that markets priced in an 83.9% probability that the Federal Reserve will leave rates unchanged in October. Clear Street raised its price target for Strategy to $211, with investors watching its October 29 earnings report. The stockโs performance remains highly correlated with Bitcoin and overall risk appetite.
๐ฅ Gold & Commodities
โช๏ธ Holdings in the worldโs largest gold ETF, SPDR Gold Trust, increased by 1.711 tonnes. Although the news reports did not provide gold prices, the change in holdings suggests that investors continued to increase their gold allocations through ETFs that day. Safe-haven demand and real interest rates remain the main pricing drivers.
๐ข๏ธ Crude Oil
โช๏ธ News related to the U.S.-Iran war initially sent crude oil prices fluctuating, before they steadied. Iran and Oman said the route in question would be the only passage through the Strait of Hormuz. Geopolitical supply risks continue to affect energy markets.
๐ Correlation with BTC
Bitcoin reclaimed $83,000, while Zcash rose 8.5% along with the rebound, indicating a short-term recovery in risk appetite. However, this still needs confirmation from trading volumes and ETF flows. $BTC
Increased gold ETF holdings, geopolitical volatility in oil prices, and the Reserve Bank of Australiaโs warning that the inflation outlook has become more challenging and that tight policy is restraining growth could affect BTC through safe-haven sentiment, the U.S. dollar, and global liquidity. CMEโs indicated 83.9% probability of the Fed holding rates steady in October also means that rate-sensitive assets remain constrained by policy expectations.
Separately, USDC Treasury minted 500 million $USDC on $SOL in five minutes. If these tokens subsequently flow to exchanges and on-chain trading, liquidity could improve, but minting alone does not mean there has been a net inflow of funds.
This content does not constitute investment advice. Cryptocurrency markets are highly volatile, so be sure to manage risk.