Live Feed

Bitcoin Hits Seven-Week High As Crypto Markets Surge In Oct

Bitcoin surged 4% to $119,450, marking its highest price in seven weeks, driven by expectations of Federal Reserve rate cuts and historical trends that favor October as a bullish month for cryptocurrencies. This significant price movement has resulted in a total market capitalization rise of 3.5%, reaching $4.16 trillion, and pushing Bitcoin's market cap above that of Amazon. Analysts suggest that a softening labor market and potential rate cuts by the Federal Reserve are influencing this bullish momentum. The CME futures market indicates a 99% chance of a 0.25% rate cut at the upcoming Fed meeting, further fueling optimism for risk assets like cryptocurrencies. Other altcoins, including Ether, Solana, Dogecoin, and Cardano, have also reported significant gains, contributing to the overall positive sentiment in the crypto markets as October begins, a traditionally favorable month for Bitcoin.

Source 🔗

Crypto treasuries may soon start gobbling each other up

Digital asset treasury companies are predicted to consolidate under larger players as the market matures, according to Coinbase’s head of investment research, David Duong. With strategies to attract investors, firms may increasingly pursue mergers and acquisitions, similar to the recent Strive and Semler Scientific deal. Duong noted that companies

Crypto treasury ‘bubble’ fears overblown: TON Strategy CEO

According to TON Strategy CEO Veronika Kapustina, while there are early signs of a bubble in corporate digital asset treasuries (DATs), the long-term outlook remains positive as the market matures. Speaking at the Token2049 conference in Singapore, she acknowledged that indicators suggest a bubble but noted that this sector is

XRP, DOGE Zoom Higher as U.S. Shutdowns, Japan Bond Slowdown Charge Bitcoin Appetite

As the U.S. government faces a shutdown and Japan’s bond market experiences stress, digital assets have shown resilience, with traders anticipating looser global liquidity conditions. Bitcoin traded close to $118,700, gaining over 3% recently, while ether rose by 5.6%. Notably, dogecoin surged nearly 9%, extending its

Read next