The week in review and four dates to note before the end of October
Bitcoin is trading around 81,600 $ this Sunday, about 2.6% lower than five sessions ago. It traded between around 79,700 and 84,360 $ this week, hitting a low near 79,800 $ on October 15 after a hotter-than-expected CPI report, before rebounding.
Five-session changes (CoinGecko)
→ ETH: -4.5%, around $2,407
→ SOL: -6.2%, around $103
→ XRP: -7.0%, around $1.29
Other developments this week
→ Crypto ETFs saw outflows of around $610M, with Ethereum outflows exceeding those of Bitcoin (CoinCentral)
→ On October 14, USDC became the first stablecoin classified in MiCA’s highest e-money token category, with direct EBA supervision starting on November 12
→ MSCI adopted its rule on non-operating companies
The four dates
→ Wednesday, October 21: Solana activates Alpenglow (14:50 UTC)
→ Monday, October 26: Glamsterdam on Ethereum’s Hoodi testnet
→ Wednesday, October 28: Fed decision at 2 p.m. New York time
→ Friday, October 30: Monthly Bitcoin and Ethereum options expiry at 08:00 UTC
This is not investment advice.
Which date will have the biggest impact on the market: Alpenglow, the Fed, or options expiry?
#Binance
Bitcoin is trading around 81,600 $ this Sunday, about 2.6% lower than five sessions ago. It traded between around 79,700 and 84,360 $ this week, hitting a low near 79,800 $ on October 15 after a hotter-than-expected CPI report, before rebounding.
Five-session changes (CoinGecko)
→ ETH: -4.5%, around $2,407
→ SOL: -6.2%, around $103
→ XRP: -7.0%, around $1.29
Other developments this week
→ Crypto ETFs saw outflows of around $610M, with Ethereum outflows exceeding those of Bitcoin (CoinCentral)
→ On October 14, USDC became the first stablecoin classified in MiCA’s highest e-money token category, with direct EBA supervision starting on November 12
→ MSCI adopted its rule on non-operating companies
The four dates
→ Wednesday, October 21: Solana activates Alpenglow (14:50 UTC)
→ Monday, October 26: Glamsterdam on Ethereum’s Hoodi testnet
→ Wednesday, October 28: Fed decision at 2 p.m. New York time
→ Friday, October 30: Monthly Bitcoin and Ethereum options expiry at 08:00 UTC
This is not investment advice.
Which date will have the biggest impact on the market: Alpenglow, the Fed, or options expiry?
#Binance