【October 7 Night Session Recap】Crypto Markets Amid Geopolitical Turmoil
📉 $BTC fell below the key $84,000 level today, triggered by Iran stepping up attacks on oil tankers in the Strait of Hormuz (9 incidents reported so far this month). Oil prices and the U.S. dollar rose in tandem, putting risk assets under pressure across the board.
🔥 But capital hasn’t left the market: spot BTC ETFs saw net inflows of $118.9 million yesterday, and Robinhood even added $25 million worth of BTC to its own balance sheet.
⭐ Today’s biggest dark horse is $ZEC : the Winklevoss brothers filed an application with the SEC for a spot ZEC ETF (ticker: WINK), with their fund indicating interest in purchasing up to $100 million worth. At Token2049 Singapore, Tyler said that ZEC combines privacy with sound-money properties, completing Bitcoin’s evolutionary arc.
⚠️ Risks: The BLAST network announced it would shut down, and Coinbase will suspend trading on October 20. Ethena’s newly unlocked 56.23 million $ENA (about $13.7 million) was transferred to Binance within six minutes of arriving. Spot ETH ETFs saw $201.9 million in net outflows in a single day, the highest since September 16.
On the macro front: September nonfarm payrolls came in below expectations, raising the odds that the Fed will hold rates steady in October to 83%. China’s central bank has increased its gold reserves for 23 consecutive months, as risk aversion continues to spread.
NFA | DYOR
#比特币 #ZEC #加密货币 #ETF #Market Recap
📉 $BTC fell below the key $84,000 level today, triggered by Iran stepping up attacks on oil tankers in the Strait of Hormuz (9 incidents reported so far this month). Oil prices and the U.S. dollar rose in tandem, putting risk assets under pressure across the board.
🔥 But capital hasn’t left the market: spot BTC ETFs saw net inflows of $118.9 million yesterday, and Robinhood even added $25 million worth of BTC to its own balance sheet.
⭐ Today’s biggest dark horse is $ZEC : the Winklevoss brothers filed an application with the SEC for a spot ZEC ETF (ticker: WINK), with their fund indicating interest in purchasing up to $100 million worth. At Token2049 Singapore, Tyler said that ZEC combines privacy with sound-money properties, completing Bitcoin’s evolutionary arc.
⚠️ Risks: The BLAST network announced it would shut down, and Coinbase will suspend trading on October 20. Ethena’s newly unlocked 56.23 million $ENA (about $13.7 million) was transferred to Binance within six minutes of arriving. Spot ETH ETFs saw $201.9 million in net outflows in a single day, the highest since September 16.
On the macro front: September nonfarm payrolls came in below expectations, raising the odds that the Fed will hold rates steady in October to 83%. China’s central bank has increased its gold reserves for 23 consecutive months, as risk aversion continues to spread.
NFA | DYOR
#比特币 #ZEC #加密货币 #ETF #Market Recap