Crypto Market Snapshot
The global crypto market cap sits at $2.28 trillion, reflecting a 1.76% decrease in the last 24 hours, according to CoinMarketCap data. Bitcoin (BTC) has seen some fluctuation, trading between $65,596 and $68,771 over the past day. As of 09:30 AM (UTC) today, BTC is priced at $67,219, marking a slight drop of -0.63%.
Market Highlights
In a mixed trading landscape, several major cryptocurrencies are capturing attention. The standout performers include:
PROM: up 35%
RAD: up 12%
WING: up 11%
Top Stories Making Waves
1. Tether Investigation Shakes Crypto Market
Allegations of U.S. government scrutiny over Tether have stirred discussions within the community, prompting reactions across the market.
2. Rising Expectations for Fed Rate Cuts
Anticipation builds as key inflation and employment reports suggest a potential 25 basis point interest rate cut by the Federal Reserve next month.
3. Tokenized Treasury Market Expansion
The growing tokenized treasury market could pose a significant challenge to traditional stablecoins, reshaping how liquidity is managed in the crypto space.
4. Slight Decline in U.S. Inflation Rate Expectations
Octoberâs inflation rate expectations show a slight downward trend, impacting market sentiment and investment strategies.
5. Michael Saylor's Bitcoin Call to Action
The co-founder of MicroStrategy, Michael Saylor, is urging Microsoftâs CEO to consider integrating Bitcoin into the companyâs strategy.
6. Surge in Bitcoin ETF Demand
Demand for Bitcoin ETFs reaches a 6-month high, even as futures volumes remain low, indicating strong investor interest.
7. Vitalik Buterin Addresses Ethereum Concerns
Ethereum co-founder Vitalik Buterin steps in to reassure the community amid growing concerns regarding recent sales.
8. Emory Universityâs $15 Million Grayscale Bitcoin Trust Investment
An SEC filing reveals that Emory University holds $15 million in the Grayscale Bitcoin Trust, highlighting institutional interest.
9. NYSE Arca Extends Trading Hours
NYSE Arca plans to extend its trading hours to 22 hours daily, offering more opportunities for investors to engage with the market.
Market Movers
Hereâs how major coins are performing:
ETH: $2,475.48 (-2.10%)
BNB: $583.80 (-1.27%)
SOL: $169.15 (-1.28%)
XRP: $0.5144 (-2.06%)
DOGE: $0.13505 (-2.35%)
TRX: $0.1649 (no change)
TON: $4.98 (-2.56%)
ADA: $0.3312 (-3.07%)
AVAX: $25.62 (-3.06%)
SHIB: $0.00001697 (-4.02%)
Top Gainers on Binance
Keep an eye on these coins making significant moves:
PROM/USDT: +35%
RAD/USDT: +12%
WING/USDT: +11%
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