The U.S. is now caught in an extremely awkward dilemma over interest rates: raising them further would add to the national debt burden, but if rates are cut, the market is unwilling to absorb Treasury bonds, and buying demand remains weak. The situation is in a very delicate balance.
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520龙行天下
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U.S. nonfarm payrolls rose by just 29,000 in September, well below expectations. The market has largely ruled out an October rate hike, sending Bitcoin surging to $86,000. It briefly approached $87,000, an eight-month high, before pulling back, but remains above $86,000. Ethereum is hovering around $2,700, while the Fear and Greed Index is around 70, in the greed zone. ADA led the market with a roughly 10% daily gain, and DOGE rose more than 3%. On the institutional front, Metaplanet added a net 1,000 BTC in Q3, bringing its holdings to 44,000 BTC. Saylor again posted “Getting more orange,” hinting at another purchase. Keep an eye on the approximately $339 million worth of HYPE tokens unlocking tomorrow; $87,000 remains a key resistance level.
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