Crypto markets rallied Monday ahead of the Federal Reserve’s upcoming rate decision, with bitcoin and ether leading gains.
Sal Gilbertie says hundreds of millions of dollars arrived in about 16 weeks, credits the XRP Army for fast traction and forecasts a broad crypto ETF wave.
That risk sentiment across global markets. US and Asian equity futures advanced, and gold pulled back slightly from recent highs as traders rotated back into risk assets.
Gold, traditionally seen as an inflation hedge, also shows inconsistent and often negative correlations with inflation, the data shows.
If confirmed, current SEC official Mike Selig would take over the U.S. commodities watchdog as it’s poised to be given wide authority over crypto.
The ETF has managed this milestone in just over five weeks.
On CNBC, Tom Lee said Fed cuts and fading skepticism could lift U.S. stocks into year-end and that crypto may rebound as open interest resets and technicals improve.
Mysten Labs’ chief cryptographer warns that artificial intelligence, not quantum computing, poses the real near-term threat to blockchain security.
Bitcoin stayed range-bound into 08:00 UTC on OCt. 25 as volume spiked on a defense of support and sellers capped rallies near the top of the recent corridor.
Crypto.com applied to U.S. banking regulator OCC for a national trust bank charter, a step it says would expand federally supervised crypto custody for institutions.
October has been defined by forced selling and false starts and on track to become the worst since 2015, dampening an otherwise bullish month that averages over 25% returns for bitcoin.
MiCA has given Europe a uniquely strong position to establish the regulatory gold standard for crypto, says Malta Financial Services Authority CEO Kenneth Farrugia, but regulators must work quickly and collaboratively to preserve the region’s advantage.