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After briefly taking on a structure suggesting an imminent recuperation from the October 10 market downturn, the Bitcoin price appears to be heading into the weekend with a clear bearish outlook. According to data from recent on-chain analysis, the world’s largest cryptocurrency still faces an even higher risk of increased bearish pressure, which may lead to a deeper correction over the next few weeks. Binance Records Daily High Of 40 BTC Inflows In an October 17 post on the social media platform X, pseudonymous on-chain analyst Darkfost revealed a shift in the behavior of market participants within Bitcoin’s oldest investor class. In the post on X, the analyst referenced results from the Binance Exchange Inflow — Spent Output Age Bands metric, which tracks the amount of Bitcoin sent to Binance, and the age of these coins being sent out. In this case, transactions from the long-term holders (based on their age) were tracked. Darkfost explained that the 7-day Moving Average (MA) of these BTC inflows on Binance has seen a rise to 40 BTC per day within just a short period of time. What’s more interesting is that the 7-day MA jumped from around 4 BTC per day to this local high. When compared to previous levels, a sudden rise to about 40 Bitcoins per day could be significant news for the world’s leading cryptocurrency. What This Means For Bitcoin Price Because Bitcoin’s long-term holders hold more than 80 percent of its total supply, their actions across exchanges tend to heavily affect price volatility. Darkfost further explained how recent LTH activity could affect market dynamics. Backed by historical occurrences, the analyst made it clear that increasing inflows of BTC to Binance also point to a potential increase in selling pressure; this is because transfers to exchanges are often associated with selling activity, as they act as mediums for quick sell-offs or profit-taking. When long-term holders begin moving their holdings to exchanges, they are known to move them in large quantities, and evidently not without intent. Interestingly, the surge in Binance inflows preceded LTH profit taking — an event which ignited the most recent crash seen by the Bitcoin market, and the simultaneous reintegration into market supply of “ancient BTC.” From the chart shared by Darkfost, the inflow levels seem to be maintaining fairly good levels. While this might be good in the short term, the analyst advised that it would be best to watch out for its upward trend. “Should it continue to accelerate, it could indicate a shift in LTH positioning and potentially mark the beginning of a short-term distribution phase,” the analyst added. As of press time, Bitcoin is valued at approximately $107,085, reflecting an almost 2% decline in the past day.

Crypto analyst Remi has predicted that the XRP price could hit $1,200. The analyst also highlighted factors that could spark this 50,000% increase for the altcoin even as it crashes alongside the broader crypto market at the moment. Analyst Predicts XRP Price Will Hit $1,200, Here’s Why In an X post, Remi stated that the charts are now showing that an E-wave rally to $1,200 for the XRP price. The analyst noted that in 2017, the altcoin recorded a 76,000% gain, with no utility and driven solely by retail speculation. However, this time around, XRP only needs a 50,000% gain to reach this target, and it has utility and institutional FOMO, which makes this projected target more promising. This institutional FOMO is expected to come through the XRP ETFs, which are set to be approved by the SEC once the U.S. government shutdown ends. While these funds are expected to drive new liquidity into the XRP ecosystem, it remains to be seen how much impact they will have on the XRP price. Meanwhile, Remi advised XRP holders to take profits as the XRP price records this projected parabolic rally. He added that they should take profits at different intervals, because a black swan event could happen out of nowhere before they reach the ‘E Wave.’ The analyst also mentioned that no one can ever time the top, which is why it is best to take profits along the way up. This XRP price prediction comes as the altcoin declines alongside the broader crypto market. XRP is trading just above the psychological $2 level as trade tensions between the U.S. and China, along with other macro factors such as the prolonged U.S. government shutdown, spark bearish sentiment in the market. XRP Could See Another Leg Down Before A Reversal Crypto analyst CasiTrades indicated that the XRP price could see another leg down before any bullish reversal. This came as she noted that the altcoin isn’t showing the strength that would invalidate the final wave down, and that price is stalling right around the Wave 4 resistance levels. CasiTrades further stated that if the current XRP price action were a deep V-shaped recovery, then there should have been a strong breakout above key resistance at $2.82. However, that breakout hasn’t come, which is why she is leaning towards the market needing one more wave down for full exhaustion and a change of sentiment. The analyst predicted that a retest of the .618 retracement around $1.46 or the golden pocket near $1.35 is possible for the next wave down. At the time of writing, the XRP price is trading at around $2.33, down in the last 24 hours, according to data from CoinMarketCap.

Altcoins have not quite recovered from the significant downturn that hit the financial markets a week ago. Most large-cap cryptocurrency assets, including Bitcoin, are either revisiting their low from the previous week or struggling to mount any real pressure from their current position. For instance, the largest altcoin by market cap, Ethereum, after briefly returning to above $4,200 earlier this week, is back to its level in the aftermath of the October 10th bloodbath. According to the latest on-chain data, it appears that investors are increasingly losing confidence in the long-term promise of the altcoins. Are Altcoins In For A Deeper Correction? In a new post on X, CryptoQuant’s Head of Research, Julio Moreno, revealed that altcoins are making their way in large volumes to centralized exchanges. This fresh trend reflects a less optimistic shift in investor sentiment after a particularly positive start to the month of October. The relevant indicator here is the Exchange Inflow Transaction Count, which measures the number of transactions involving the deposit of a cryptocurrency (altcoins, in this context) into a centralized exchange. This metric can be used to assess investor sentiment at every given moment in the market. A significant rise in the Exchange Inflow Transaction is typically considered a bearish signal, as it suggests that investors are moving their assets to centralized exchanges to sell. Ultimately, this trend could mean imminent selling pressure for the cryptocurrency (or group of digital assets, as in this case). Moreno revealed in his post on X that the number of transactions sending altcoins onto trading platforms has reached a new high in 2025. As observed in the chart below, the world’s largest cryptocurrency exchange by trading volume, Binance, has been responsible for the majority of the cryptocurrencies flowing into these centralized platforms. While the market already seems to be undergoing a significant correction, a continuous flow of assets into exchanges could mean an extended period of downward movement for the altcoins. However, the peak of this metric could also be significant, as it could signal the bottom and potential reversal of the altcoin market. Altcoin Market Cap Falls To $1.45 Trillion According to the latest data, the cryptocurrency market (excluding Bitcoin) is valued at around $1.45 trillion, reflecting an over 1% drop in the past 24 hours. What’s more worrying is the market’s record in the past week, as the altcoins have lost nearly 13% of their value over the last seven days.

Bitcoin ETF outflows, bank contagion, and more! Here’s your weekly roundup. It took America 9 months to become a third-world country … or maybe America has been a third world country since 2008? Seems like the US is steamrolling its way into doing all the actual bad things that the communist era Russia and China did. (Source: X) Meanwhile, spot Bitcoin ETFs recorded $536M in daily net outflows on Thursday, their largest since August 1, according to SoSoValue. Outflows hit eight of the twelve funds, led by ARKB with $275M and Fidelity’s FBTC with $132M, as investors moved to the sidelines amid macroeconomic and geopolitical uncertainty. Here are three news stories from the week you need to know: 1. Institutional Flows Flash Red as Traders Deleverage From Bitcoin ETF (Source: CoinGlass) The outflows in .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Bitcoin BTC $107,037.44 1.67% Bitcoin BTC Price $107,037.44 1.67% /24h Volume in 24h $61.56B Price 7d Atkins also praised Asia’s superapps that blend payments, trading, and banking, arguing the US needs similar integration and coordination between the SEC and CFTC. The message was clear: bring capital home. EXPLORE: Now That the Bull Run is Dead, Will Powell Do Further Rate Cuts? Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Bitcoin ETF outflows, bank contagion, and more! Here’s your weekly roundup. It took America 9 months to become a third-world country … Ethereum ETFs saw $56.9 Mn in withdrawals the same day, reversing a brief two-day inflow streak. The post Weekly Roundup: Bitcoin ETF Outflows Signal Risk Reset as SEC Chair Pledges to Revive U.S. Crypto Innovation appeared first on 99Bitcoins.

Highlights include CPI from the US, UK, Japan and Canada, Global Flash PMIs, Japanese PM Vote, and Chinese Activity Weekly Forecast MON: PBoC LPR, CCP 4th Plenum (20th-23rd), Chinese House Prices (Sep), Retail Sales (Sep) & Industrial Output (Sep), German Producer Prices (Sep), US Leading Index (Sep), New Zealand Trade (Sep) TUE-: NBH Policy Announcement, CCP 4th Plenum (20th-23rd), UK PSNB (Sep), Canadian CPI (Sep) WED-: CCP 4th Plenum (20th-23rd); UK CPI (Sep), Japanese Trade Balance (Sep) THU-: CBRT, BOK Policy Announcement, CCP 4th Plenum (20th-23rd), European Council (23rd-24th); US Weekly Claims,Existing Home Sales (Sep), EZ Consumer Confidence Flash (Oct), Canadian Retail Sales (Aug), Australian Flash PMIs (Oct) FRI: CBR Policy Announcement, European Council (23rd-24th), Japanese CPI (Sep), UK Retail Sales (Sep), EZ, UK & US FlashPMIs (Oct), US New Home Sales (Sep) PBOC LPR (MON)PBOC LPR (MON): The PBoC is to announce Chinaʼs benchmark Loan Prime Rates next week, which are likely to be maintained at their current levels, with the 1-year LPR at 3.00% which is the rate most new loans are based on and with the 5-year LPR at 3.50% which is the reference for mortgages. As a reminder, Chinese banks refrained from any adjustments to the LPRs for a fourth consecutive month in September, which was as expected, while PBoC Governor Pan commented shortly after the announcement that they will use various policy tools based on the economic situation and will be data-driven, and have “appropriately accommodative policy stance”. Furthermore, the central bank had previously noted that it is to step up monetary policy adjustment and keep liquidity ample, as well as enhance interest rate guidance and will promote a decline in social financing cost. Despite the language from the central bank, an imminent reduction in the LPRs is unlikely, as the central bank has shown a clear preference for making adjustments through its main policy tool of open market operations to target liquidity. Furthermore, the recent data from China was mixed as trade figures showed faster-than-expected growth in Exports and Imports for the worldʼs second-largest economy, which suggests a lack of urgency to immediately cut benchmark lending rates, although CPI data was softer-than- expected, and both consumer and factory gate prices remained in deflation. CCP 4TH PLENUM (MON-THU): The Chinese Communist Partyʼs Central Committee will hold its Fourth Plenum from October 20th to October 23rd, with the meeting expected to set the framework for the 15th Five-Year Plan (2026–2030). The session will offer the first indication of Beijingʼs medium-term policy priorities, but will be closed with only a brief communiqué released at the end. Detailed policy targets are unlikely before March, when the National Peopleʼs Congress convene, although sources till then may offer hints. “Of particular interest are priorities for development, including how to expand consumption, foster innovation, and the strategic focuses going forward”, says ING. The plenum also coincides with rising US-Sino trade tensions after China tightened rare earth export controls, and the US threatened new tariffs of 100%, although Trump and Xi are still set to meet in South Korea. CHINESE ACTIVITY DATA (MON): China will release Q3 GDP alongside Septemberʼs activity data. GDP Q/Q is forecast at 0.8% (prev. 1.1%), Y/Y 4.7% (prev. 5.2%). Retail Sales expected at 2.9% Y/Y (prev. 3.4%). Industrial Production 5.0% (prev. 5.2%). Fixed Asset Investments are expected at 0.2% Y/Y (prev. 0.5%). ING expects Q3 GDP to show a sharper slowdown to around 4.5% Y/Y, citing weaker consumption, sluggish investment, and ongoing property sector weakness, with September price data likely to confirm continued declines. The IMF this week maintained its 2025 China growth forecast at 4.8% (vs Chinaʼs target of “around 5%”), noting that fiscal support and resilient exports have offset tariff headwinds but warning that the property sector remains fragile and credit demand subdued. The data also comes at a time were US-Sino trade tensions are heightened, following Chinaʼs rare earths export controls and the subsequent threat of a 100% tariff from November 1st from the US. JAPANESE PARLIAMENT VOTE FOR NEW PM (MON): Japanʼs LDP and CDP have agreed to hold a parliamentary vote on October21st to select Japanʼs next PM following the collapse of the 26-year-old ruling LDP-Komeito coalition last week. LDP leader Takaichi remains the frontrunner, with Bloomberg reporting that talks between the LDP and the Japan Innovation Party (Ishin) have advancedtoward a potential coalition that would give the LDP an additional 35 seats, still shy of an outright majority but sufficient to secure Takaichiʼs confirmation. Innovation Party co-leader Yoshimura said the chances of a deal were “50-50”, although co-leader Fujita later announced “big progress” with the LDP following talks, and suggested they will enter the stage of finalising details, but final discussions are very delicate. Source: Try Newsquawk free for 7 days CANADIAN CPI (TUE): This is the last inflation report before the October BoC meeting, where markets price in 16bps of easing, implying a 64% probability of a 25bps rate cut – 25bps is not fully priced until December. The data will help shape rate cut expectations, with rate cut bets paring after the recent strong labour market report. The recent inflation report saw a -0.1% decline with the Y/Y at 1.9%, up from the 1.7% in July. Meanwhile, the core metrics (excluding food and energy) declined 0.2% M/M, with Y/Y to 2.4% Y/Y. The M/M declines will be welcome with Y/Y inflation still within the BoC’s target. The BoC preferred measures, average of the median, trim and common, remain towards the top-end of the BoC target at 2.86%. BOC The BoC removed forward guidance when it cut rates by 25bps in September, but Governor Macklem said it will continue to assess the risks, look over a shorter horizon than usual, and be ready to respond to new information. The September rate cut was agreed due to the weaker economy, fewer upside risks to inflation, and a softening labour market. Recent growth data saw a 0.2% rise in July, while StatsCan signalled stagnation for August; OxEco suggested Canada may avoid another GDP contraction in Q3 after a 0.4% decline in Q2. Labour market data in September was strong, while the upcoming CPI data will give the BoC a fresh read on the inflation situation. Note, a recent speech from Governor Mendes said the bank is studying whether there are ways they could improve existing measures of core inflation, noting the language around the BoC’s preferred measures may have led markets to place more emphasis on these core measures than the BoC itself. It is asking whether they should revise the preferred measures so they all pre-exclude mortgage interest costs. He stressed the BoC does not want Canadians or financial markets to become overly focused on a single indicator. UK PSNB (TUE): The August release came in markedly above expectations at GBP 17.96bln (exp. 12.75bln), and the prior being revised higher by c. GBP 1.7bln. Pertinently, the figure eclipsed the OBRʼs GBP 12.5bln forecast for August and took the fiscal YTD borrowing figure (i.e. April-August) to GBP 83.24bln vs GBP 72.4bln forecast by the OBR. Some of the upside in August was due to local borrowing, coming in GBP 4.7bln higher Y/Y, a component that is often subject to notable revision. Since the release, HMRC alerted the ONS to a VAT receipt error which overstated the fiscal YTD borrowing figure by some GBP 2bln; while this will be corrected in Septemberʼs series, the cumulative borrowing figure remains just under GBP 10bln higher than the OBRʼs forecast. For September, public borrowing is expected to show another increase with elevated yields continuing to apply pressure to the fiscal situation. However, that narrative has improved from a Treasury perspective since October 10th, with the UK 10-year yield at its lowest since July. While this has occurred too late to impact the September series, it will be reflected in the data set just before Chancellor Reevesʼ Autumn Budget is published on November 26th. UK CPI (WED): Expectations are for headline Y/Y CPI to advance to 4.0% from 3.8%, which would match the MPC forecast and signify its highest reading since January 2024. As a reminder, the prior release saw headline Y/Y CPI hold steady at 3.8%, core slip to 3.6% from 3.8% and services decline to 4.7% from 5.0% on account of volatile air price inflation. This time around, economists at Pantheon Macroeconomics (hold a consensus 4.0% view for headline Y/Y CPI) expect “motor fuel price and airfare base effects should add 12bp and 11bp, respectively, to CPI inflation in September compared to August”, which would explain most of the rise in headline inflation. On services inflation, the consultancy expects a pick-up to 4.9% from 4.7%, which would underscore the bigger picture of sticky inflation in the UK. Looking beyond the upcoming report, Pantheon expects underlying inflation “will remain stuck around 4% well into next year”. Accordingly, it expects “CPI inflation to slow only slightly, to 3.8%, by the end of 2025”. From a policy perspective, the expected uptick in inflation to double that of the targeted level and the uncertainty posed by the November 26th budget means that a 25bps cut by the MPC is priced at just 14%. However, the ongoing softening in the labour market, which has been a key focus of policymakers in remarks this week, has seen odds of a December reduction move closer towards 50/50 vs. circa 25% at the start of the week. BOK POLICY ANNOUNCEMENT (THU): There are somewhat mixed views on whether the central bank will cut or maintain the Base Rate at the current level of 2.50%. As a reminder, the BoJ refrained from any adjustments to its 7-Day Repo Rate at the last meeting in August, which was as expected, although the decision was not unanimous as board member Shin Sung-hwan dissented and saw a need to cut rates to aid growth. The BoK said after the meeting that it will maintain a rate cut stance to mitigate downside risks to economic growth, and adjust the timing and pace of any further base rate cuts. BoK Governor Rhee also stated that a majority of the seven-member board assessed there was a need to work in tandem with government policies to stabilise local property prices, as well as noted that five board members said the door for an imminent rate cut should be open and one board member said the current policy rate should be maintained for the next three months. Furthermore, Rhee said the easing stance will stay through at least the first half of next year, and it is difficult to comment on the terminal policy rate, but added that faster policy rate easing risks overstimulating the local property market at this stage. Nonetheless, some are anticipating a cut at the approaching meeting after the Fed cut rates in September for the first time this year and with money market pricing pointing towards another reduction later this month, while the BoK had also acknowledged that South Koreaʼs 2025 growth is lower than the potential rate due to previous political turmoil and tariff headwinds. Conversely, some suggested that the central bank could delay its policy easing amid the sustained increases in Seoul housing prices and household loans. CBRT POLICY ANNOUNCEMENT (THU) : There are currently no market forecasts for what the CBRT may opt to do on Thursday. Last month, the Bank cut the policy rate by 250bps to 40.5% (vs exp. 200bps), while it dropped reference to real TRY appreciation, and signalled that it would begin to moderate the pace of easing amid elevated inflation expectations and ongoing external risks. BBVA Research suggested that the CBRTʼs tone was “more balanced,” noting its commitment to tighten policy if inflation deviates significantly from interim targets, though the definition of such a threshold remains unclear. The latest CBRT survey showed end- 2025 CPI expectations rising to 31.77% (prev. 29.86%), with the policy rate seen at 28.26% in 12 months. Source: Try Newsquawk free for 7 days EUROPEAN COUNCIL MEETING (THU): EU leaders will convene in Brussels on October 23rd for a one-day European Council meeting chaired by President Costa, with the agenda dominated by Ukraine, defence, competitiveness, and the Middle East. According to the invitation published on the Council website, the Council will reaffirm long-term financial support for Ukraine and assess options to utilise Russiaʼs immobilised assets, while also discussing further sanctions to increase pressure on Moscow. On defence, leaders will review the “Defence Readiness 2030” roadmap and seek to advance coordination on capability projects and hybrid threat responses. Economic discussions will focus on simplifying EU regulation, balancing climate goals with competitiveness, and enhancing digital sovereignty, with ECB President Lagarde and Eurogroup President Donohoe attending the Euro Summit segment. The meeting will also address discussions on supporting post-war reconstruction and a two-state solution in Gaza. JAPANESE CPI (FRI): There are currently no expectations for the Japanese CPI metrics, which saw the prior Core Y/Y print at 2.7%, headline Y/Y at 2.7%, and M/M at 0.1%. The Tokyo CPI, seen as a precursor to the nationwide metric, eased to 2.5% from 2.6% Y/Y, whilst the Core Y/Y missed expectations and remained at 2.5% (exp 2.8%, prev. 2.5%). ING expects nationwide inflation to firm to around 2.9% Y/Y, with core prices likely holding above 3.0%, noting that the recent moderation in inflation has been largely driven by government subsidies for energy and social welfare programs. A sustained rise in core readings could tilt market pricing more towards a hike this year, with year-end pricing currently at a 44% chance of a 25bps BoJ hike by year-end, although pricing for such a move at the October meeting only sits at 21% at the time of writing. K RETAIL SALES (FRI): Expectations are for headline M/M retail sales to print flat vs. the 0.5% expansion seen in the prior month. In terms of recent retail indicators, BRC retail sales for September slowed to 2.0% Y/Y from 2.9%. The accompanying report noted, “with the Budget looming large, and households facing higher bills, retail spending rose more slowly than in recent months. Milder weather meant shoppers delayed refreshing Autumn and Winter wardrobes and growth in food sales was largely inflationary rather than volume growth”. Elsewhere, the Barclaycard Consumer Spending showed that overall retail spending declined 0.1% Y/Y, adding that “spending dipped in September as consumers managed budgets more carefully. Nonetheless, categories such as health & beauty, furniture, and clothing remained resilient, as consumers started festive shopping early to spread costs and make the most of seasonal deals”. EZ FLASH PMI (FRI)EZ FLASH: The October series is expected to print in relative proximity to the priors with manufacturing ticking higher to49.9 (prev. 49.8), services to 51.1 (prev. 51.3) and the composite to 51.0 (prev. 51.2). Following an uptick in the European ZEWfigure, while the accompanying German metrics were more mixed, the Sentix print lifted by more than expected but remained innegative territory. As a reminder, and points to look out for this time, in the September series, HCOB highlighted that while new orders were currently insufficient to increase backlogs, service providers were nonetheless taking a more positive view. Furthermore, the nowcast pointed to a quarterly growth rate of 0.4%. However, the EZʼs largest economy remains in focus and a potential headwind as the most recent Bundesbank update pointed to barely any growth in Q3, following on from a particularly dire set of German industrial data for August. Nonetheless, Bundesbankʼs Nagel said that “maybe” they will see growth by the end of 2025 as the domestic situation is improving. France will, of course, be in focus given the recent political turmoil, though the slight stabilisation seen in recent sessions may not be entirely accounted for in the data set. For the ECB, the series is unlikely to have much impact on the near-term policy trajectory, with markets implying just 4bps of further easing by end-2025 UK FLASH PMI (FRI): Expectations are for flash services PMI to hold steady at 50.8 (manufacturing and composite PMI expectations are not available at the time of writing). As a reminder, the prior release saw the services component decline to 50.8 from 54.2, manufacturing slip to 46.2 from 47.0, with the composite at 50.1 vs. prev. 53.5. The accompanying report noted “many survey respondents suggested that corporate clients had deferred spending decisions until after the Autumn Budget, while households were also hesitant about major purchases”. This time around, analysts at Investec expect October’s ‘flash manufacturing numbers’ to “post a recovery” due to low inventory levels in the prior month, which will require an increase in production to meet demand. For services, the desk expects budget uncertainty to cap any potential upside and looks for a subdued 50.8 print, leaving the composite just above the expansionary threshold at 50.4. From a policy perspective, most of the headlines next week in the UK will be generated by the inflation data on Wednesday. However, a soft outturn with suggestions that the employment sector could be under pressure could add to the narrative that the labour market is becoming an increased source of focus for the MPC. US CPI (FRI): The BLS has recalled staff to finalise the September Consumer Price Index report, essential for calculating next yearʼsSocial Security payments. The White House Office of Management and Budget directed the move, aiming for publication on October24th (vs the originally scheduled date of October 15th), meaning that Fed officials will see the report ahead of its October 29th meeting. The consensus looks for headline CPI to rise +0.3% M/M (prev. 0.4%), while the core rate is expected to rise by +0.3% M/M (prev. 0.3%). Citigroup is in line with the consensus and sees US core CPI rising 0.28% M/M in September (vs 0.35% M/M in August), as softer housing inflation offsets tariff-driven price pressures; the bank said weaker labour and housing markets are seen as reducing inflation risks, supporting expectations of further Fed easing. The recent FOMC meeting minutes revealed that officials are split over monetary policy due to differing views on inflation and the labour market; most see employment weakening, justifying further rate cuts, but some have noted inflation risks. Still, officials generally see the inflation impact diminishing and expect a return to the 2% target. Analysts have said that the split reflects contrasting assessments on whether current policy is already accommodative or whether additional easing is needed to support jobs. External factors, such as tariffs and the government shutdown limiting economic data, add uncertainty, contributing to a cautious but generally easing stance. Money markets are currently pricing 54bps of easing by the end of this year, signalling two fully discounted 25bps reductions. US FLASH MANUFACTURING PMI (FRI): The PMI data will help shape expectations for the next ISM manufacturing report (due on November 3rd), and will additionally offer insight into how the US economy is performing amid the government shutdown and associated suspended data releases. As a comparison, regional Fed manufacturing indices have so far been mixed in October. The NY Fed gauge showed state factory activity rising to 10.7 from -8.7, marking the third expansion in four months, rebounding from a decline in September as new orders (3.7 from 19.6) and shipments increased; prices paid also ticked up to 52.4 from 46.1; employment rose to 6.2 from -1.2. Meanwhile, the Philly Fed manufacturing release disappointed expectations, with the headline falling from 23.2 to -12.8; new orders increased, however, to 18.2 from 12.4, and while still under 50, prices picked up to 49.2 from 46.8; the employment sub-index fell to 4.6 from 5.6. Writing after the NY Fed release, Pantheon Macroeconomics said the data is signalling that the recent rise in US manufacturing output is likely to continue into Q4; however, subdued employment and capex intentions, weaker regional surveys, and policy uncertainty suggest manufacturers remain cautious about sustaining long-term expansion, adding that price pressures are rising, largely due to tariffs, but broader inflation should be limited by slowing wage growth. Copyright © 2025 Newsquawk Voice Limited. All rights reserved. Registered Office One Love Lane, London, EC2V 7JN, United Kingdom · Registered Number 12020774 · Registered in England and Wales. newsquawk.com · +44 20 3582 2778 · info@newsquawk.com Read more : Why Trading is About Odds not Predicitons The post Newsquawk Week Ahead Highlights: 20-24th October 2025 appeared first on Forex Trading Forum.

There are several moving pieces in the broad macro story that are not going to be resolved in coming days. Although President Trump is playing down a "trade war" with China, it is difficult to see the basis for a deal when he meets with China's Xi at the end of the month in South Korea. The US is not about to relax its chokehold on advance semiconductor technology or allow subsidiaries of sanctioned Chinese companies to provide a loophole. Nor does it appear likely that Beijing would jettison its export licensing requirements for rare earths, processing technology, and EV battery technology. It also does not seem that either side is prepared to backtrack on its port fees levied on the other. The US federal government remains largely shut, and the path to re-opening remains elusive. A federal court has blocked the "reduction in force", permanent dismissals. The fraud-related write-downs at two regional US banks, on the heels of the collapse of Tricolor and First Brands that adversely impacted several large investors, was a shot across the bow. It is a useful reminder of the unresolved risks emanating commercial real estate. Office loan delinquencies have reached 10.4%, approaching 2008 levels. Around $1 trillion of CRE loans must be refinanced before year end, according to industry reports. With its gain about 1.8% before the weekend, the KBW Regional Bank Index fell by around 1.6%% last week. It has fallen for four consecutive weeks, which is the longest losing streak this year. The week ahead highlights include US CPI (yes), Japan's Diet selects a new prime minister, China reports Q3 GDP and holds the 4th plenary session to frame the next five-plan. The preliminary October PMI will also be released. US Drivers: With what seems to be the end of the fragile and tentative trade truce between the US and China, the average effective US tariff is likely to jump by 8-13 percentage points depending on if the reciprocal product exemptions remain. The market recognizes this as a headwind for the US economy. The futures market has a Fed cut full discounted for later this month and in December and has begun to rethink the possibility of a 50 bp cut at one of the last two meetings of the year. The large write-offs at two regional banks brought back to the fore late-cycle credit fears. The commercial real estate (CRE) market remains at the epicenter. CRE loans account for an estimated 44% of regional bank portfolios compared with around 13% for large banks. Office loan delinquencies are near 10.5%, approaching 2008 levels. Over $1 trillion of CRE loans need to be re-financed by year-end according to some estimates. Data: With the federal government still closed, regional Fed surveys, the preliminary October PMI, and existing homes sales are on tap. However, at the end of the week, the BLS has said it will report the September CPI. The exception is being made because of the importance of the report in setting the cost-of-living adjustment for government programs, including social security. Still, with many Fed officials, though clearly not all, wanting to look through what is thought to be tariff-induced price pressures, main focus remains on the labor market. That said, headline CPI is rising at a 2.4% annualized pace through August, though the increase in Q3 looks to be more than in Q1 and Q2. Prices: The Dollar Index settled on October 10 slightly below 99.00. It was sold to almost 98.00 at the end of last week. The rally from the multi-year low set when the Fed cut interest rates on September 17 (~96.20) to around 99.50 ended. With last week's pullback, the Dollar Index approached the (50%) retracement found near 97.90. It recovered to 98.55 before the weekend. Nearby resistance is in the 98.60-75 area. The daily momentum indicators are turning down in over-bought territory. EMU Drivers: The mainstream narrative cast Europe as being squeezed between Russia's hybrid warfare tactics, and nationalistic US, and China's rare earth dominance. The euro itself is caught between poor German (and French economic data) and the escalation of US-Chinese tensions. The euro's inverse correlation over the past 30- and 60 sessions with the US two-year yield is greater than the inverse correlation with changes in the two-year spread with Germany. Data: The markets seem more sensitive to the flash PMI than to the current account figures that are also due. Recall that in September, the composite PMI stood at 51.2, its highest level since May 2024. It rose in the four months through September. It finished last year at 49.6. Ahead of the weekend, S&P downgraded France from AA- to A+, matching an earlier move by Fitch. Moody's, the last of the big three rating agencies that ascribes a AA- equivalent to France (Aa3) will announce the results of its review on October 24. Separately, DBRS lifted Italy's rating to A (low) from BBB (high). It is the highest rating from any major company. Moody's rates Italy Baa3 (=BBB-) and has a positive outlook and will update it next month. Prices: The euro has been trending lower after recording a multi-year high near $1.1920 on September 17, when the Federal Reserve cut rates. It forged a bottom around $1.1540 and reached almost $1.1730 before the weekend, the (50%) retracement of the losses since September 17. The euro stalled and found support around $1.1650. After the low was recorded, the euro was unable to reclaimed the $1.1680. It settled near session lows. Nearby support is seen in the $1.1630-40 area. The momentum indicators are turning over in over-sold territory. China Drivers: Beijing remains committed to the yuan's shadowing of the dollar. In a weak dollar environment, the yuan typically loses ground against other currencies, and in a stronger US dollar environment, the yuan is among the better performers. Given the escalation of tensions between Washington and Beijing, there may be more speculation that the exchange rate could be weaponized. The US dollar did jump around the so-called "Liberation Day" in early April. It reached the year's high on April 8 near CNH7.43 (and ~CNY7.35). By the time the first tariff truce was announced (May 12), the dollar was around CNH7.20-CNH7.25. When the extension was announced on August 11, the dollar was about CNH7.18-CNH7.20. Yet, the PBOC set the dollar's reference rate a new low for the year last week. It was set at CNY7.0949 before the weekend, and CNY7.1048 at the end of the previous week. Data: Owing to the close management of the exchange rate, the yuan does not appear particularly sensitive to Chinese data. In the week ahead, the most important report is the Q3 GDP and the real sector performance in September. The median forecast in Bloomberg's survey for Q3 GDP is 0.8% quarter-over-quarter after 1.1% growth in Q2. That would be the first sub-1% quarter since Q4 23. Year-over-year growth is seen near 4.7% (vs. 5.2%). If accurate, it would be the slowest pace since the end of 2022. It would likely spur speculation of more stimulus measures. The fourth plenum session of the Communist Party begins Monday. This is usually the forum to discuss the next five-year plan and announce personnel changes. Prices: The greenback briefly traded at a new low for the month, near CNH7.1170 before the weekend. It recovered and traded to CNH7.1325 to edge above the previous day's high. It settled within Thursday's range. It still looks broadly range bound. Japan Drivers: The easy monetary and easy fiscal policy advocated by the new head of the LDP overwhelmed other drivers of the exchange rate. Still, the combination of MOF warnings about a one-sided rapid movement in the exchange rate coupled with the sharp drop in US yields amid the escalation of tensions with China effectively arrested the yen's sharp slide. The dollar has been correcting lower. On October 21, the Diet will pick a new prime minister. The opposition parties have failed to unite behind a single candidate, which means that the most likely scenario is for LDP's new leader Takaichi to be elected and become the first woman prime minister of Japan. Data: There are three data points that attract the market's interest in the week ahead, and while they pose headline risk, they are unlikely to overwhelm other considerations. The first is the September trade balance. The fact of the matter is that despite the yen being under-valued on nearly any metric, it experiences a trade deficit. This would seem to have implications for other currencies, such as the yuan, which are understood to be less undervalued than the yen. In the first eight months of the year, Japan reported a nearly JPY2.6 trillion trade deficit compared with a JPY4.7 trillion deficit in the same period last year, and JPY8.1 trillion in the Jan-Aug 2023. The second data point is the September CPI. Yet, we know from the Tokyo CPI that there will be little change in the headline and core measures, but that measure that excludes both fresh food and energy may converge with the headline and core rates. It stood at 3.3% in August, while the headline and core were at 2.7%. Third is the flash PMI. Typically, the local market does not put much weight on it. Still, for the record, the composite in September fell to 51.3 (from 52.0), the lowest since May. It finished last year at 50.5. Prices: The dollar recorded a bearish key reversal on October 10 by making a new high for the move (~JPY153.25) and then sell-off to close (~JPY151.20) below the previous day's low. Follow-through selling took it slightly below JPY149.40 before the weekend. Yet, as US interest rates recovered, so did the greenback, which recorded new session highs in early North American turnover, slightly above JPY150.60. The recovery and strong close looks like bullish dollar price action. The greenback held above the key technical area marked by the gap that was created by the dollar's higher opening on October 6. The gap extends from the high on October 3 (~JPY147.80) to the October 6 low (~JPY149.05). Nearby resistance seen in the JPY151.00-40 area. UK Drivers: Over the past 30 sessions, the correlation between changes in the euro and sterling is near 0.85, near highest since the year's peak in June, slightly above 0.92. The year's low was recorded in late July near 0.65. Sterling's inverse correlation with the Dollar Index is slightly higher around -0.88. Meanwhile, over the past 30 sessions, sterling's inverse correlation with changes in the US two-year (~-0.47) and its inverse correlation with changes in the UK's two-year yield have converged around (~-0.49). Data: The UK reports CPI, retail sales, and sees the preliminary October PMI. The bar to another cut this year (November 6 and December 8 BOE meetings) is high. A key reason is that inflation has accelerated to a 3.6% annualized rate in August compared with a 2.4% annualized rate in August 2024. However, the culprit is the rise in administered prices, which included energy, water, train fares, and an increase in local authority taxes. Consumers continue to shop. In volume terms, retail sales have risen by an average of 0.3% a month through August. They averaged a 0.5% increase in the first eight months of 2024, after contracting in Jan-August period of 2022 and 2023. Turning to the PMI, the composite flash a warning in September, falling sharply from 53.5, the best since August 2024 to 50.1, the weakest since April. The services PMI tumbled to 50.8 from 54.2, while the manufacturing PMI fell to 46.2 from 47.0. It has not been above the 50 boom/bust level since the end of Q3 24. Prices: Sterling recovered smartly from about $1.3250 on October 14, its lowest level since August 1. It reached $1.3470 before the weekend, a new high for the week. It stalled in front of the (50%) retracement of the decline since the September 17 high (~$1.3725), which is found slightly above $1.3485. Selling pressure pushed sterling to new session lows, and it took out the previous day's low near $1.3390. Nevertheless, it recovered to settle little changed near the middle of the day's range. What appears to be consolidation looks constructive. Canada Drivers: The Canadian dollar remains sensitive to the US dollar's overall direction, which may make sense given the relative size of the economies and integration. The low volatility of the exchange rate contributes to the Canadian dollar's better performance with the G10 in a strong US dollar environment. The Canadian dollar also sometimes is a risk-off currency, i.e., especially when US equities trend lower. Data: The Bank of Canada's Q3 outlook survey on October 20 will likely confirm what the data have already suggested; namely, that economic activity is weak. Canada also reports August retail sales. Preliminary data from StatsCan suggest they recovered from the 0.8% decline in July. Yet the economy looks as if it stagnated in Q3 after contracting in Q2. Canada's CPI has risen at an annualized rate of 3.6% through August, the same pace as seen in the first eight months of 2024. The underlying core measures have accelerated this year. The central bank sees the underlying rate "in the vicinity of 2.5%." Still, market has pared odds of a Bank of Canada rate cut this month and before the end of the year following the stronger than expected September jobs report. Prices: The US dollar reached a six-month high last week near CAD1.4080. It spent the second half of last week consolidating mostly above CAD1.4020. The level yielded ahead of the weekend. The greenback posted an outside down day by trading on both sides of Thursday's range and settling below its low (~CAD1.4025). On a break of CAD1.40, a push below the CAD1.3960 area would boost the chances a high is in place. The momentum indicators are over-extended and look poised to turn down. Australia Drivers: We have been noting the sensitivity of the Australian's dollar exchange rate to changes in the US dollar broadly (proxy, the Dollar Index). However, this has changed dramatically. The rolling 30-day inverse correlation has slackened from -0.80 to around -0.27, the least since April 2022. There is an element of an increased role of risk-off as the correlation between changes in the exchange rate and changes in the S&P 500 (~0.74, the highest since January 2024). More difficult to quantify, but the escalation of tension between Australia's military alliances and its largest trading partner appears to also have weighed on the Australian dollar. Data: In a quiet week for Australian data, the preliminary October PMI is the highlight. The composite PMI fell to 52.4 in September (from 55.5 in August). Yet, the Q3 average of 53.9 is still the best quarter in more than three years. Australia is one of the few high-income countries with a manufacturing PMI above the 50 boom/bust. The futures market has almost a 60% chance of a cut at next month's central bank meeting. At the end of September, the futures market had less in 1-in-3 chance of a cut. Prices: The Australian dollar recorded a key downside reversal after the FOMC's rate cut on September 17. It had set a new high for the year then near $0.6710. It has trended lower over the past month and tested the $0.6440 area last week. Ahead of the weekend, the Aussie settled firmly near session high near $0.6500. The momentum indicators are oversold but have not turned higher. Meanwhile, the $0.6520 area must be overcome to stabilize the technical tone. Mexico Drivers: In late September, the rolling 30-day correlation between changes in the USD-MXN exchange rate and the Dollar Index was near 0.83, the highest in more than a decade. It is now a little below 0.30, a five-month low. A risk-off element has strengthened. The inverse correlation between changes in the exchange rate and the S&P 500 is near -0.75. It has not been more sensitive since mid-2022. The exchange rate's sensitive to changes in the US two-year yield has been modestly positive for the past three months, but now is the most inverse since late May. Data: Mexico reports the August IGAE measure of economic activity, which is similar to a monthly GDP report. It has contracted in two of the three months through July. Mexico also reports August retail sales. They were flat in June-July. While the economy is generating faint economic impulses, price pressure remains elevated. Mexico reports CPI for the first half of October. Headline CPI in September stood at 3.76%, the highest since June. The core rate stood at 4.28%, the highest since April 2024. The official target is 3% in a 2%-4% range. Banxico has become more focused on the economic weakness, and the swaps market anticipates another quarter-point rate cut before the end of the year. Prices: With a brief exception on October 16, the US dollar spent last week within the range established on October 10: ~MXN18.3640-MXN18.6370. It test the low before the weekend. Last week's high was almost MXN18.63. Still, it settled below MXN18.50 without fail. In fact, outside of October 10, the greenback has not settled above MXN18.50 for over a month. Until a clearer macro picture emerges, broad sideways trading seems most likely. The greenback remains in its trough. It bottomed on September 17 near MXN18.20, a new low for the year. The dollar has not traded above MXN19.00 since late June. Disclaimer

Although not many news outlets are reporting it today, we’re seeing a curious twist as gold prices are falling, down more than 2% from roughly $4,390/oz to as low as under $4,200. At the same time, the Bitcoin price (BTC USD) is holding steady just under $107,000, with a 1.6% daily gain. Trading volumes for BTC USD spiked near $78 billion in the last day, a slight hint that money is rotating out of traditional assets and into crypto. The idea of a wealth rotation to BTC USD is gaining traction. Bitcoin’s market cap sits around $2.13 trillion, showing the resilience of the top coin even as gold pulls back. On‑chain and ecosystem data back this narrative as the stablecoin market cap is up. A monthly increase of 5.7% to $307 billion, per DefiLlama, with DeFi total value locked (TVL) stands near $149 billion, with DEX volume up 3.8% week‑over‑week. (source – Stablecoins MarketCap, Defillama) Technically, BTC USD looks encouraging. On the daily chart, MACD has shown a bullish crossover. Circulating supply is getting tightened on every halving, which feeds the scarcity narrative, one of .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Bitcoin BTC $107,037.44 1.67% Bitcoin BTC Price $107,037.44 1.67% /24h Volume in 24h $61.56B Price 7d When gold is retreating and Bitcoin price is firming, the possibility of capital flowing into BTC USD becomes real. With ecosystem metrics improving, sentiment low, supply tight, and technicals showing promise, we could be at the early stage of a wealth rotation. Forget the news and the bearishness today, Bitcoin and crypto might be setting up for their next move. DISCOVER: 10+ Next Crypto to 100X In 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates 3 hours ago SLERF Skyrocketing +600% After Delisted from Binance: Best Meme Coin to Buy? By Akiyama Felix The crypto world’s favourite alchemy, turning bad news into opportunity, has struck again with SLERF and is seen as the best meme coin to buy right now. Just after Binance announced the delisting of SLERF’s perpetual futures contract, the coin pumped by over 600% as shorts were squeezed and hype exploded. This isn’t just another meme pump; it’s a textbook “reverse psy-op” where a delisting serves as a catalyst. For meme traders and FOMO-hungry speculators, SLERF crypto may just be flashing a significant opportunity. Let’s break it down. Market Cap 24h 7d 30d 1y All Time Read the full story here. The post Crypto News Today, October 18: Gold Dumped as Bitcoin Price Reverses | Is Wealth Rotating to BTC USD? appeared first on 99Bitcoins.

As Solana’s (SOL) price attempts to hold a crucial support area, an analyst has warned investors that the highly anticipated “Solana season” might not happen as the altcoin risks a massive price crash. Solana Risks ‘Serious Downside’ On Friday, Solana followed the rest of the market and fell below the $180 support to retest the recent lows. The cryptocurrency started this week by recovering from last week’s correction to its two-month low of $168, briefly attempting to reclaim the $210 resistance on Tuesday. However, the recent market volatility has seen the altcoin lose the $200 level again and retest a crucial support area that could determine SOL’s next move. Amid this performance, analyst Crypto Bullet shared a bearish outlook for Solana, suggesting that a 75% crash from current prices might be coming. In Q2, the market watcher warned that the cryptocurrency’s bull market was “likely over,” highlighting its structure in the higher timeframe chart. Per the post, SOL “had a clear 5-wave Impulse to the upside that ended in January with $TRUMP coin blow off top,” when the altcoin hit its all-time high (ATH) of $293. Based on this, he forecasted that Solana would see an ABC corrective wave pattern in the coming months, with a potential bounce to the $240-$250 area for the B wave, before “the most painful wave down (C).” The analyst affirmed that the cryptocurrency has likely completed the B wave, although it could have a bounce to a new higher high before the breakdown. “The monthly candle still has 2 weeks to close green, but frankly speaking, Solana looks cooked (whether we get a higher high to trap more people or not),” he affirmed. Crypto Bullet cautioned SOL holders that if the C wave has started, they “should be prepared for some serious downside” in the mid-term toward the $40 target. Can SOL Retest $210? Analyst Ted Pillows also cast a warning for investors, asserting that “Solana treasury companies are in free fall right now.” He suggested that the recent dump is partially driven by the halt in institutional bidding. “Until these companies show some recovery, I think Solana’s price recovery will be difficult,” the post read. Despite the bearish predictions, some market watchers consider that SOL’s bullish outlook is still in play. Man of Bitcoin highlighted that Solana’s price is potentially forming a 1-2 setup, which could send its price back to the $200-$210 area. To the analyst, as long as the price holds above the $170 support level, the bullish scenario could continue to play out. Meanwhile, Crypto Yapper noted that Solana is currently retesting a double support in the daily chart, which could set the stage for a 15%-20% bounce. Per the post, SOL’s price is retesting the lower boundary of a 2-month falling wedge formation and the crucial $170-$180 horizontal level, which has served as a major support and resistance level throughout the year. Holding these levels in the daily and weekly timeframe could spark a rebound and propel the price to retest the falling wedge’s upper boundary and the crucial horizontal resistance around the $210-220 mark, the analyst noted. As of this writing, SOL is trading at $182, a 12.6% decline in the daily timeframe.

Amid a challenging period for the XRP price, which has seen a decline of 24% over the last two weeks, Ripple Labs, the blockchain payment company, has announced plans to raise at least $1 billion for a major XRP purchase, intended for the establishment of a new digital asset treasury (DAT). Ripple Plans Largest Fundraising Effort According to sources cited by Bloomberg, the capital will be managed within this new treasury, and Ripple plans to utilize a special purpose acquisition company (SPAC) to facilitate the fundraising. Additionally, the company will contribute some of its own XRP holdings to bolster the effort. However, investor sentiment towards DATs has become increasingly cautious, as evidenced by the sharp declines in shares of major crypto firms, including Michael Saylor’s Strategy (previously MicroStrategy) and Japan’s Metaplanet. Despite this skepticism, Ripple Labs is pressing forward with its ambitious fundraising plans, which, if successful, would mark the largest effort focused specifically on XRP. Currently, XRP stands as the fifth-largest cryptocurrency, boasting a market capitalization of $138 billion. In a related strategic move, Ripple announced on Thursday the acquisition of treasury management software provider GTreasury for $1 billion. This acquisition is seen as a way to strengthen its connections with corporate finance leaders and treasurers seeking access to tokenized deposits, stablecoins, and other digital assets. As of July 31, Ripple held 4.74 billion XRP tokens in its wallets, valued at approximately $11 billion at current market prices. Additionally, another 35.9 billion XRP coins are under escrow lockups, scheduled for monthly releases. Potential 350% Rally Ahead For XRP This potential catalyst could signal a recovery phase for XRP. Market expert Dark Defender noted on social media platform X (formerly Twitter) that the correction had completed at the $2.22 level, which was established in August, suggesting that the “Journey Towards $10 Resumes.” Despite the current market panic, the expert reassures investors that the altcoin is entering a new recovery phase, with the $2.22 mark representing a crucial threshold for the short-term price action. According to the expert’s analysis, this scenario could lead to a significant rally of 340% in the coming months, on top of the already impressive 320% gains recorded year-to-date. As of this writing, XRP is trading at around $2.26, resting on a critical support level as October draws to a close. Should this level falter, and if the $2.4 support fails to prevent further declines, XRP could retrace back toward the $1.2 level, the price reached during the market crash on October 10. Featured image from DALL-E, chart from TradingView.com

The cryptocurrency Fear & Greed Index has plummeted into the extreme fear territory following the crash in Bitcoin and other assets. Bitcoin Fear & Greed Index Is Now Pointing At “Extreme Fear” The “Fear & Greed Index” is an indicator created by Alternative that uses the data of several factors to determine the net sentiment present among traders in the Bitcoin and wider cryptocurrency markets. The factors in question include volatility, trading volume, market cap dominance, social media sentiment, and Google Trends. The index makes use of a scale running from 0-100 for representing the investor mentality. All values above 53 imply the traders are greedy, while those below 47 suggest a fearful market. Values lying between the two cutoffs correspond to a net neutral sentiment. Besides these three main sentiments, there are also two “extreme” zones called the extreme fear (below 25) and extreme greed (above 75). Currently, the market is in the former of the two. As displayed above, the Fear & Greed Index has a value of 22 at the moment, which is just inside the extreme fear zone. This is a deterioration compared to the last few days, when the indicator held normal fear values. The reason behind the slide into the extreme fear territory naturally lies in the bearish action that Bitcoin and other cryptocurrencies have faced recently. In particular, the market has suffered a sharp move down during the past day. Last week also ended with a rapid drawdown in BTC and company, and then too sentiment took a large hit, with the index registering a low of 24. This previous turnaround in sentiment was also much more drastic than the latest one, as it took the metric from greed values all the way down into the extreme fear zone in a flash. Historically, the extreme sentiments have held much importance for Bitcoin and other digital assets, as major tops and bottoms have often occurred in these regions. The relationship has been an inverse one, however, meaning that extreme fear can result in a bottom, while extreme greed can lead to a top. The plunge into extreme fear earlier also paved the way to a bottom, although it proved to be only a temporary one. With the Fear & Greed Index back in the zone, it will be interesting to see how the Bitcoin price will develop in the coming days. BTC Price At the time of writing, Bitcoin is trading around $105,600, down 13% over the last week.

XRP is showing signs of hesitation after a strong rebound, struggling to push past key resistance levels. The recent price action fits neatly within an Elliott Wave pattern, suggesting the market may be entering its final consolidation phase before the next major move unfolds. Market Pauses After The Storm CasiTrades, in a recent market update, explained that following last Friday’s sharp wipeout, prices managed to rebound impressively, but that momentum now appears to be losing steam. According to the analyst, such pauses are natural after strong moves. In Elliott Wave Theory (EWT), this type of slowdown aligns with Wave 4, a stage where the market consolidates before preparing for the final impulsive wave. The analyst emphasized that markets rarely pivot directly after a major Wave 3 decline. Instead, they often complete an exhausted Wave 5 move to wrap up the impulse cycle before a fresh uptrend begins. However, CasiTrades noted that the market has not yet shown the kind of strength needed to invalidate the final dip. Price action is currently stalling around Wave 4 resistance levels. If the market were truly in a sharp V-shaped recovery, it should have already cleared the $2.82 resistance mark with strong momentum, but that has yet to happen. Given these conditions, the analyst believes that the market may still need one more wave down to fully exhaust selling pressure and reset sentiment. Market Data Chaos: No “Universal” XRP Chart CasiTrades went on to emphasize that market data across exchanges has become highly inconsistent, making accurate analysis challenging. The analyst pointed out that each trading platform displayed a different low during the recent crash, with some pairs dipping below $1, while others managed to hold at much higher levels. With this disparity, CasiTrades advised traders to focus on the exchange they are personally trading on to ensure precision, as there is no “universal” XRP chart. According to the analyst, on Binance USD, XRP’s price wicked as low as $0.77, marking a sharp 72% drop from local highs and falling below the 0.786 Fibonacci retracement level. While CasiTrades believes such extreme lows are unlikely to repeat, the next potential retracement levels around $1.46 (0.618 Fib) and the golden pocket near $1.35 remain key areas of interest. These zones align with multiple technical factors, including Wave 5 extensions, macro Fibonacci retracements, and Wave 2 targets. The analyst explained that if XRP were to retest these deeper levels, it could trigger a powerful reversal, potentially setting the stage for the long-anticipated impulsive wave that targets the $6.50 to $10.00 range. Despite the chaos caused by the recent market crash, CasiTrades sees a potential silver lining. She noted that the crash might have shifted XRP’s structure from a shallow Wave 4 correction to a broader macro Wave 2 retracement, which may precede the strongest impulse waves in the cycle.

Bitcoin fell sharply this week as investors stepped away from risky bets and piled into gold, based on reports from market outlets. Bitcoin slipped more than 5% to about $105,105 on Friday, extending a slide that left it roughly 13% below an October 6 peak near $126,000. Reports show crypto liquidations were heavy, adding to selling pressure in the market. Safe Haven Bets Favor Gold Gold, by comparison, climbed to fresh records. Spot gold pushed above $4,300 an ounce and hit a session peak near $4,312, while US futures briefly traded around $4,328.70, figures that reflect a broad rush into traditional stores of value as investors weigh economic and geopolitical risks. Some reports say gold is on track for its biggest weekly gain since 2008. What Happened In Markets This Week Several forces combined to push prices. Forced selling in crypto derivatives amplified downward moves: one report put liquidations at about $1.23 billion in a 24-hour span, with roughly $453 million of that tied to bitcoin and another $277 million linked to Ethereum. At the same time, worries about regional US banks and a renewed debate over interest-rate timing helped lift demand for gold. Exchange-traded funds mattered. Gold ETFs posted strong inflows, and some funds hit long-term holding highs as money sought safety. Meanwhile, spot bitcoin ETFs showed net outflows in parts of the week, highlighting a shift in where big pools of money were parked. Analysts say that in times of market stress, the differences in liquidity and trade behavior between gold and crypto become more obvious. How Traders Are Talking About ‘Digital Gold’ Based on reports, the old debate about whether bitcoin behaves like “digital gold” got louder. A number of commentators pointed out that bitcoin’s large swings and its tendency to fall with other risky assets during selloffs weaken its case as a refuge. Still, other market participants argue bitcoin has functioned as an investment vehicle for some investors this year, even if it does not always match gold in crisis moments. Eyes On Central Banks And Lenders Investors will be watching Federal Reserve signals and any fresh news about US banks for clues on where money goes next. If rate-cut expectations firm up, gold could keep rising. If risk appetite returns, some of the flows back into crypto might reverse. For now, flows and prices show that a chunk of cash has chosen a traditional safe haven over crypto while markets absorb the recent wipeout. Featured image from iStock, chart from TradingView

Cardano (ADA) fell roughly 27% this week, slipping below the $0.66 support as risk-off flows hit crypto. Bitcoin’s slide toward $104,000 and softer altcoin liquidity magnified downside, and on-chain data shows large holders leaning defensive. Whale Flows Split as ADA Loses Support Santiment-tracked wallets holding 1–10 million ADA offloaded about 40 million ADA over seven days, while broader whale distribution reportedly reached 350 million ADA, pressuring price. other big wallets accumulated 140–200 million ADA, creating a split tape that’s fueling choppy consolidation between $0.65–$0.70. Derivatives add to the cautious tone. Cardano’s open interest slipped 2.12% to $669.9 million, and long liquidations ($1.13 million) dwarfed shorts ($187,000), signaling bulls bore the brunt of the latest flush. On the 4-hour chart, ADA is carving a falling wedge, but confirmation requires a breakout above $0.74. Until then, momentum indicators remain mixed: RSI 37 (approaching oversold) while CMF 0.12–0.15 hints at returning spot inflows that have yet to overpower supply from large holders. Downside Risk First, Rebound Later Technicians flag a “risk-first” path: losing $0.66 puts $0.65 in play; failure there opens $0.62–$0.60, then $0.57 (channel/structure confluence). A deeper shakeout could probe $0.53 if broader crypto weakness persists. On the upside, ADA must reclaim $0.66 and then clear $0.74–$0.80 (50-day EMA cluster) to flip trend strength. Above that range, bulls target $0.86, with a psychological $1.00 retest feasible into Q4 if risk appetite and flows improve. Several analysts still eye a path toward $1.20–$1.60 on a confirmed breakout, but most caution the market may dip before it rips given leverage resets and uneven liquidity. ETF headlines (including the Oct. 23 Grayscale ADA ETF decision window), stablecoin and ETF net flows, and whether whale selling cools. A rotation back into altcoins typically follows BTC stabilization; conversely, renewed BTC downside would likely extend ADA’s consolidation near the lows. Treasury, Staking, and Ecosystem Still Build Beyond price, Cardano’s community treasury has surpassed 1.6 billion ADA ($1 billion), funded by fees and staking rewards and governed via Project Catalyst, a war chest that supports tooling, DeFi, and infrastructure without VC overhang. New staking access (e.g., eToro U.S.) and ongoing initiatives like Midnight and Leios continue to broaden the roadmap, even as TVL ($288 million) lags larger chains. Cover image from ChatGPT, ADAUSD on Tradingview

Switzerland’s gambling regulator Gespa has filed a criminal complaint against FIFA Collect, challenging the “right‑to‑buy” NFT vouchers tied to World Cup tickets. Gespa contends that the way these tokens are sold, via random draws or chance, makes them behave like gambling or lotteries, which are regulated under Swiss law. The investigation kicked off in early October after internal reviews flagged possible violations of the Swiss Federal Act on Gambling. At first, Gespa said it “could not rule out” that FIFA Collect’s model might be subject to gambling regulation. After a deeper review, the regulator confirmed that suspicions had gained enough traction to warrant legal action. The NFT Model That Sparked Controversy The heart of the dispute lies in NFTs that give holders access to a lottery‑style ticket purchase process. These “right‑to‑buy” tokens let some fans skip ahead in ticket queues if certain conditions are met. But users must buy the tokens upfront and hope that events unfold favorably, such as their team advancing or their token being selected. Gespa argues that since users pay for these tokens and the rewards are tied to chance, the system combines elements of lotteries and sports betting. Those kinds of offerings require explicit licensing in Switzerland, and Gespa states that FIFA Collect does not have those licenses. The prices on FIFA’s secondary marketplace already vary wildly. Some RTB tokens tied to group stage purchases start around $98, while others, granting access to marquee games like the opening match in Azteca Stadium, have fetched up to $6,000. How FIFA Built Its Token Ecosystem FIFA reports it has sold over 1 million tickets during its early Visa presale phase. The platform powering collectables was first built on Algorand, but FIFA recently migrated to its own Avalanche‑based layer‑1 network to better support token sales and scalability. The right‑to‑buy mechanism is operated in collaboration with Modex Tech Ltd., a blockchain infrastructure provider behind FIFA’s collectible systems. FIFA defends the model by arguing the tokens help manage overwhelming ticket demand and give fans a new way to engage. Some media outlets estimate that RTB token sales have already brought in roughly $15 million. However, FIFA has not publicly verified these totals. DISCOVER: 20+ Next Crypto to Explode in 2025 Gespa’s Next Move and What FIFA Faces If Gespa’s review finds that these NFTs violate Swiss gambling laws, it must escalate the case to criminal prosecutors. The regulator has told the media that FIFA Collect may be functioning as an unlicensed gambling operator by Swiss standards. Market Cap 24h 7d 30d 1y All Time Gespa’s director, Manuel Richard, told reporters that the regulator had validated its suspicions under gambling statutes and would refer the case to prosecuting authorities. Meanwhile, FIFA has yet to issue an official response. It now faces the challenge of defending whether its RTB system is a form of ticketing or an act of gambling under Swiss law. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Why This Case Could Reverberate Globally This legal confrontation could set a template for how governments treat tokenized access and NFT‑based ticketing around the world. If FIFA loses, other sports bodies, event organizers, and blockchain ticket platforms might find themselves in regulatory crosshairs. Blockchain ticketing was once seen as a way to reduce fraud, improve access, and modernize event systems. But when elements of chance, payment, and resale converge, the line between collectible and betting blurs. In Switzerland, courts will need to decide if these “tokens” are simply digital perks or if they cross the legal boundary into gambling. Everyone working at the intersection of blockchain and real-world events will closely watch the verdict. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Swiss regulator Gespa has filed a criminal complaint against FIFA Collect, claiming its NFT ticket vouchers function like gambling tools under national law. The complaint targets FIFA’s “right‑to‑buy” NFT model, where users pay upfront and hope to win access to World Cup tickets based on chance. Gespa says the NFTs combine elements of sports betting and lotteries, which would require licensing that FIFA Collect does not hold. FIFA’s system, built with Modex and recently migrated to Avalanche, has reportedly brought in around $15 million from token sales. This case could actively shape global rules for NFT-based ticketing, particularly those involving payments and elements of chance. The post FIFA Faces Legal Action Over NFT Ticket Vouchers in Switzerland appeared first on 99Bitcoins.

Bitcoin (BTC) continues to lose momentum, as the flagship cryptocurrency fell to $103,528 earlier today amid an increasingly uncertain global macroeconomic outlook. Fresh data from Binance suggests that BTC is currently undergoing a critical transition phase within its price cycle. Bitcoin Fall Continues – When Will Bloodbath End? According to a CryptoQuant QuickTake post by contributor Arab Chain, Bitcoin is currently undergoing an important transition phase within its market cycle. The Bitcoin Cycle Phase Score recently entered negative territory, in tandem with a decline in BTC’s price from $124,000 to around $107,000 within 24 hours. The Cycle Phase Score combines market trend and short-term momentum (Z-Score) to show Bitcoin’s current phase. Positive values indicate upward momentum, while negative values signal short-term weakness or a correction. The decline in the Cycle Phase Score shows that the BTC market has lost some of its upward momentum that benefited it during the first two weeks of October. The transition to negative territory shows the start of a structural correction phase, following weeks of consecutive gains. The analyst explained that a trend_signal of -1 confirms that BTC’s price has tumbled below the 200-day moving average. It is likely to trade below this metric until it can decisively break through the $106,780 level. Similarly, a negative Z-score shows that Bitcoin’s price is trading significantly below its short-term average, further confirming the dominance of short-term selling pressure. Arab Chain added: Analytically, this movement can be viewed as a rebalancing phase within the ongoing cycle, rather than the start of a long-term downtrend. The current pullback follows a strong period of price expansion, which is often followed by a temporary pause in momentum before the main trend resumes. Arab Chain concluded by saying that if BTC’s price finds stability above $105,000 in the coming days, then the Cycle Phase Score indicator may re-enter the positive region again. Such a development could signal the end of the ongoing price correction phase. Will BTC Fall Below $100,000? As BTC trades close to the mid $100,000 level, fears are rising in the market that the digital asset may fall below the psychologically important $100,000 mark. Further, on-chain data is not particularly encouraging, as the Bitcoin network activity recently crashed below the 365-day average. In addition, crypto analyst CryptoBirb recently stated that the current BTC bull cycle is likely coming to an end. The analyst remarked that Bitcoin is almost 99.3% through its current cycle. That said, whale accumulation of BTC is showing no signs of slowing down. Companies added a total of 176,000 BTC to their treasuries during Q3 2025. At press time, BTC trades at $105,484, down 5.1% in the past 24 hours.

In the past 24 hours, Dogecoin (DOGE)’s price slipped another 10% to $0.17, extending a weekly drop of more than 27% as on-chain data showed whales unloading roughly 360 million DOGE ($74 million). The selloff arrived despite upbeat headlines around House of Doge’s plan to merge with a Nasdaq-listed company and Thumzup’s exploration of DOGE payouts for creators. Initial excitement faded quickly as traders framed both developments as early-stage rather than immediately revenue-impacting, prompting profit-taking into thin liquidity. Broader crypto weakness, Bitcoin and Ethereum also retreating, amplified pressure on higher-beta meme coins like DOGE. Dogecoin (DOGE) Levels Point to a $0.17 Support and $0.21–$0.23 Resistance Technically, DOGE is testing a make-or-break band near $0.17–$0.19, the lower boundary of a multi-week channel flagged by several analysts. Holding this area could fuel a rebound toward $0.21–$0.23, where a dense cluster of moving averages and prior supply capped every bounce this month. A daily close above $0.221–$0.23 would invalidate the short-term descending structure and open room toward $0.25–$0.26, while failure to defend $0.17 risks a slide to $0.16–$0.15. Momentum gauges are cautious as RSI hovers near 45, signaling waning buying strength, and derivatives show mixed positioning, futures volume up, but open interest and funding largely neutral, implying traders expect volatility without a clear directional conviction. What Could Flip the Trend For a durable recovery, DOGE needs follow-through catalysts, not just headlines. Clear timelines on the House of Doge–Nasdaq merger (treasury operations, treasury size, revenue model) and a formal launch of Thumzup’s DOGE payouts would help convert narrative into flows. On-chain, a slowdown in whale distribution and renewed exchange outflows would tighten circulating supply, while spot bid depth must improve around $0.18–$0.19 to absorb shocks. Macro still matters: easing U.S.–China tariff rhetoric, improving risk appetite, and steadier BTC dominance could re-ignite meme liquidity. If bulls defend $0.17 and reclaim $0.21–$0.23 on rising volume, a grind toward $0.25–$0.33 is back on the table. If not, the path of least resistance remains lower in the near term. For now, traders are treating rallies as tactical, and investors are watching confirmation signals before leaning back into the $1 long-term dream. Cover image from ChatGPT, DOGEUSD chart from Tradingview

The ARK 21Shares Bitcoin ETF (ARKB) saw $275.2 million exit in a single trading session, making it the fund’s largest daily outflow since August. The drop was steep enough to catch the attention of analysts, who see this as a warning sign for institutional confidence in crypto ETFs. ARKB has long been one of the more active Bitcoin funds on the market. But this latest pullback shows that even the more established names are not immune when sentiment turns negative. Total Daily Outflows Top Half a Billion ARKB’s staggering outflow was only part of the bigger picture. Across all Bitcoin ETFs, the total net outflow for the day reached $530.9 million. That is one of the largest single-day drops the space has seen since late summer. Source: Farside Investors The selloff wasn’t limited to one or two funds either. Fidelity’s FBTC, for example, also lost about $132 million. That kind of coordinated movement suggests investors are not just repositioning within the sector but pulling back altogether. Big Liquidations and Fed Jitters May Be to Blame So what caused the sudden flight of capital? There are a few possible culprits. A massive $19 billion liquidation across crypto markets happened just a few days earlier. Events like that tend to shake investor confidence and trigger a chain reaction, especially among more cautious institutional players. Another factor could be the upcoming Federal Open Market Committee (FOMC) meeting. Any hint of interest rate changes or new monetary policy could spook markets, and Bitcoin often reacts more violently than traditional assets. When uncertainty creeps in, some investors prefer to step aside rather than ride out the volatility. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in October2025 ARKB’s Volatile Nature Isn’t New ARKB has a reputation for being more reactive than its peers. That has to do with the kind of investors it attracts, many of whom are quicker to buy in and sell out based on short-term movements. Market Cap 24h 7d 30d 1y All Time Sean Dawson, Head of Research at Derive, pointed out that ARKB usually holds around 40,000 to 50,000 BTC. With that much under management, any major redemptions can have ripple effects across the broader market. The way the ETF is structured means authorized participants can create and redeem shares on demand, which puts pressure on how the underlying bitcoin is managed behind the scenes. Why This Matters for Bitcoin’s Price When ETFs experience major outflows, it often leads to pressure on the spot market. That’s because those managing the funds may need to adjust their positions by selling real bitcoin to match redemptions. It doesn’t always happen instantly, but it adds to the downward momentum. This also calls into question how institutions are treating Bitcoin right now. Is it a long-term hedge, or is it still viewed as something to trade when things get choppy? If it’s the latter, more volatility could lie ahead. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Eyes on the Fed and Next Steps What happens next could hinge on what the Fed does and says at its upcoming meeting. If the rate policy stays stable, we might see ETF flows return. But if things remain uncertain, more investors may continue trimming their crypto exposure. ETF issuers will be watching closely. Share discounts to net asset value may need to be tightened, and liquidity management will become even more critical. If ARKB and its peers can stop the bleeding and rebuild inflows, they might restore trust. If not, this moment could mark a shift in how institutional players think about Bitcoin, not as a steady piece of a portfolio, but as a fast-moving asset that needs to be handled with caution. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways ARKB recorded $275.2 million in outflows, the fund’s largest one-day loss since August 2025. Bitcoin ETFs saw a combined $530.9 million in net outflows, pointing to wider institutional pullback. Large liquidations and uncertainty around the upcoming Fed meeting likely triggered investor exits. ARKB’s structure and investor base make it more sensitive to market sentiment and volatility. Heavy ETF redemptions may add pressure on Bitcoin’s spot price as funds rebalance holdings. The post ARK 21Shares Bitcoin ETF Sees Heavy $275M Outflows in One Day appeared first on 99Bitcoins.

Bitcoin is once again under heavy pressure, sliding toward the $103,000 level as the broader crypto market undergoes a sharp downturn. After days of volatility and failed recovery attempts, BTC has lost key support, triggering renewed fear and accelerating sell-offs across altcoins. Most major assets are showing deep losses, with traders and investors now questioning whether the market has entered a deeper corrective phase. According to top analyst Axel Adler, Bitcoin’s main support zone lies between $106,000 and $107,000, a range defined by the Short-Term Holder (STH) 1M–3M Realized Price and the 200-day simple moving average (SMA 200D). This critical area represents a confluence of both on-chain and technical support levels where previous corrections have historically found equilibrium. However, the current momentum shows mounting weakness. As panic spreads and liquidity dries up, all eyes are now on the $106K–107K range — a decisive battleground that could define Bitcoin’s short-term trajectory and set the tone for the rest of the crypto market. Bitcoin’s Market Structure Faces a Crucial Test Adler highlights that a loss of the $106K level would likely trigger a move toward $100,000, where the yearly moving average (SMA 365D) currently aligns — a level that has historically acted as a springboard for major reversals during previous market cycles. Despite the growing fear, Adler notes that the macro structure remains bullish as long as the $100K base holds. This region represents long-term buyer interest, and defending it could reset overheated leverage and pave the way for a more stable recovery. However, Bitcoin is already trading below the $106K mark, raising concerns that the market could be preparing for a deeper test of this critical floor. Analysts across the space are now closely watching the daily candle closes, which will determine whether the move below support is merely a liquidity sweep or confirmation of a bearish continuation. If Bitcoin fails to reclaim the $107K level soon, a broader shift in sentiment could unfold — one that may prolong the consolidation phase and test investor conviction. In contrast, a strong rebound from the $100K zone would reinforce the argument that the correction is part of a healthy reset within an ongoing bull market. The coming days will therefore be decisive: either Bitcoin holds this base and rebuilds momentum, or it breaks lower, signaling that the current cycle’s most aggressive phase of volatility is far from over. Bitcoin Tests Support Zone Amid Continued Weakness Bitcoin continues to slide, with the latest chart showing price action hovering around $106,000, now testing one of the most critical support zones in months. After failing to reclaim the $115,000 and $117,500 resistance levels earlier this week, BTC extended its losses, touching an intraday low near $103,500 before recovering slightly. The market remains tense as traders watch whether the 200-day moving average (SMA 200D) — currently around $107,500 — will hold. This level represents the Short-Term Holder (STH) realized price region and coincides with the area identified by analysts as a major structural base. A confirmed breakdown below it could open the door to a test of $100,000, where the yearly moving average (SMA 365D) aligns, serving as the next major support. Momentum indicators suggest that BTC is still under strong bearish pressure. The 50-day and 100-day moving averages are trending downward, indicating a loss of short-term momentum. Unless Bitcoin can close daily candles back above $107K, market sentiment is likely to remain cautious. Featured image from ChatGPT, chart from TradingView.com

According to multiple reports, Ripple Labs is organizing an effort to raise about $1 billion to build a new XRP treasury intended to hold a large stock of the token. The effort would use a special purpose vehicle to gather outside capital and combine it with XRP that Ripple itself may put into the fund. The plan is still being negotiated and has not been finalized. Plans To Raise $1 Billion Reports have disclosed that the $1 billion target would be raised through a SPAC-style vehicle, with Ripple expected to contribute part of its existing holdings. Ripple has already moved into corporate treasury tools, having announced a roughly $1 billion acquisition of GTreasury, a company that provides treasury management software for large firms. That deal, and the new fund idea, suggest Ripple is aiming to create a more formal structure for holding and managing XRP on a larger scale. Market Response And Risks Some market watchers have reacted with caution. Based on reports, XRP’s price fell by about 8% around the time these stories circulated, showing that big corporate moves do not always calm market swings. Holding large sums of XRP raises questions about how purchases would be executed without causing heavy price moves, and how the new treasury would be governed. Regulators and investors will likely watch the governance rules closely, especially since Ripple already controls large amounts of XRP and releases tokens on a monthly schedule from escrow wallets. Why Ripple Might Do This Supporters say a centralized treasury could provide clearer management of token reserves, and it might let Ripple show how XRP can be used in corporate finance arrangements. Critics warn that concentrating a big reserve in one vehicle could concentrate risk and invite extra scrutiny from regulators. Based on reports, Ripple’s move to pair a treasury plan with GTreasury’s tech could be aimed at selling treasury services to other companies that want to hold or use digital assets. Structure And Transparency Questions Key details are still missing. Reports do not yet show how many XRP will be moved into the fund, what lockups or disclosure rules will apply, or who will control spending decisions. Those factors matter for investors and for how much trust the market will place in the new structure. Some sources in the coverage were anonymous, and terms can change before any formal announcement. Featured image from Unsplash, chart from TradingView

BNB has been one of the strongest performers in recent weeks, standing out even as the broader crypto market struggles to find stability. During this market downturn, key metrics continue to validate BNB’s sustained momentum and network expansion. According to data shared by analyst CryptoOnchain, the BNB Smart Chain (BSC) reached a historic milestone on October 13th, recording 3.62 million daily active addresses — the highest in its history. This surge in on-chain activity comes after months of steady price appreciation that began in June and accelerated rapidly after mid-September. The timing is notable: the spike in active addresses closely followed BNB’s price peak at $1,311 on October 8th, revealing a powerful correlation between network growth and market valuation. The data suggests that as BNB’s price rose, it sparked heightened user engagement across the BSC ecosystem — possibly driven by increased trading activity, DeFi interactions, and retail FOMO. With the network now showing record participation, analysts are watching to see if this momentum can hold through the current correction. Sustained activity above these levels could reinforce market confidence and establish stronger structural support for BNB’s long-term trend. BNB Network Data Shows Tight Correlation Between Price And On-Chain Activity According to CryptoOnchain, recent data shows that since September 2025, the relationship between BNB’s active addresses and its price has entered a new and more synchronized phase. Historically, these two indicators fluctuated independently — price rallies often occurred without a matching rise in network activity, and vice versa. However, over the past month, this pattern has shifted dramatically. The chart now shows the active addresses (green area) and the BNB price (yellow dashed line) moving almost in perfect tandem. Interestingly, the BNB price peaked a few days before network activity, suggesting that the rally likely triggered a surge of user participation — a classic case of FOMO driving engagement across the BNB Smart Chain. This behavioral pattern often signals growing retail involvement and can reinforce bullish sentiment in the short term. That said, recent data shows a modest cooldown. The BNB price has corrected to around $1,212, while daily active addresses have dropped slightly below 3 million. This pullback raises a key question: can the network sustain this elevated level of activity? Maintaining user engagement above the 3 million threshold could help establish a strong support zone for BNB’s price. Conversely, a significant drop in active addresses might indicate a local top and the beginning of a deeper correction. BNB Price Tests Key Support After Sharp Correction BNB is undergoing a significant pullback after weeks of strong performance. As shown in the chart, the price has dropped roughly 8.4%, closing near $1,049, marking one of the steepest single-day declines since early August. The correction follows a parabolic rally that peaked at $1,311, with current price action suggesting that the market is entering a consolidation phase. Despite the short-term drop, BNB remains structurally bullish as long as it holds above its 50-day moving average (currently near $1,018). This dynamic support aligns closely with the prior breakout zone from September, making it a crucial area to monitor. A decisive loss of this level could open the door for a deeper retracement toward $900, where the 100-day moving average sits. The rapid ascent over the past two months likely triggered profit-taking among traders, as momentum indicators hinted at overextension. However, the longer-term trend remains intact, supported by the 200-day moving average rising steadily near $768. If BNB stabilizes above $1,000 and recovers momentum, the bulls could attempt another push toward the $1,200–$1,250 range. For now, maintaining the $1,000 psychological level is key to sustaining market confidence. Featured image from ChatGPT, chart from TradingView.com

As the week draws to a close, Bitcoin continues to show signs of resilience following its dramatic flash crash to the $101,000 price level last weekend. After days of intense volatility and heavy liquidations across the market, the world’s largest cryptocurrency has managed to stabilize above this level, even reaching as high as $113,400 during the week. In this context, crypto analyst Tyrex shared a bullish outlook on X, stating that the worst of the downturn is behind and that Bitcoin could soon be gearing up for an upward surge back to $117,000. Bitcoin’s Price Action Reinforces Bottoming Thesis Tyrex believes Bitcoin’s repeated defense of the $108,000 to $105,000 zone is a strong indication that the market has already bottomed out. Throughout the week, price action remained around this critical area despite continued selling pressure. This means there is the presence of a firm support at this level. The analyst explained that if the correction were still unfolding, Bitcoin would have already slipped below $108,000. Instead, the consistent retest and hold of this range suggests exhaustion of the bearish trend and a setup for a rebound. Such resilience after major drawdowns has often preceded powerful recovery rallies in previous Bitcoin market cycles. According to Tyrex, Bitcoin’s current consolidation phase is forming a base for the next leg higher. He projected that the price could climb toward $117,000 in the coming sessions once short-term resistance levels are cleared. The broader technical structure still favors the bulls, with many traders viewing last weekend’s crash as a reset that flushed out excessive leverage rather than a signal of long-term weakness. Momentum indicators have also begun to flatten out, and we could see renewed buying interest from both retail and institutional traders into the next week. Altcoins To Benefit From Bitcoin’s Strength Tyrex also suggested that the broader crypto market will follow Bitcoin’s lead once it begins to move decisively upward. The majority of altcoins followed Bitcoin’s crash last weekend and plunged massively. Ethereum, Solana, and XRP all fell below support levels as market sentiment soured. However, smaller assets are beginning to stabilize alongside Bitcoin, due to confidence among traders expecting the worst to be over. Tyrex warned investors not to misinterpret the ongoing sideways movement as a sign of further decline, noting that “the market already crashed, let it rest.” At the time of writing, Bitcoin is trading at $105,300. Heading into the new weekend, Bitcoin’s ability to close the week above $105,000 could set the stage for a breakout to $111,000 and $117,000. If this scenario unfolds, Tyrex’s projection that the crash has concluded and a new uptrend is forming could soon prove accurate. However, failure to hold above $105,000 could lead to a further downtrend.

On Friday, the Bitcoin price experienced another flash crash, dipping toward $103,000 from $109,300. While not as alarming as the sharp decline seen on October 10, this latest downturn has ignited fresh speculation regarding the cryptocurrency’s future trajectory. A Temporary Setback? Comparisons are being made to past market crash events, such as the COVID crash in 2020 and the downturn in May 2021. However, market expert VirtualBacon emphasizes that the current situation is fundamentally different. The expert noted that in 2020, a widespread collapse affected various assets, including stocks, gold, and Bitcoin. By 2021, Bitcoin was already in a downtrend. In contrast, today, while the Bitcoin price has faced challenges, stocks and gold are holding steady or even rising. He believes that the recent struggles in the crypto market appear to stem from a unique credit event rather than a broader macroeconomic meltdown, as excessive leverage was wiped out in the process. Despite the recent volatility, VirtualBacon highlights that Bitcoin’s underlying structure remains healthy. The cryptocurrency recently touched the 20-week moving average and bounced back. Moreover, the 50-week simple moving average, which resides around $102,000, has yet to be breached, even amidst this latest drop. According to VirtualBacon’s analysis, until the Bitcoin price closes below the $100,000 mark, this downturn should be viewed as a correction within an ongoing bull market rather than a definitive top. Is The Bitcoin Price Poised For A Recovery? Seasonality also plays a role in these trends: October typically sees chop, with altcoins lagging behind Bitcoin, while November and December are often characterized by altcoin rallies. Despite the recent flush, VirtualBacon asserted that the market dynamics have not fundamentally changed; it may have even accelerated a reset in sentiment, clearing out leverage to return to cycle lows. Meanwhile, macroeconomic factors are quietly turning bullish. Recent forecasts indicate that two rate cuts are now priced in at 96% for the upcoming Federal Open Market Committee (FOMC) meetings on October 28-29 and December 9-10. VirtualBacon outlines a clear plan moving forward: Bitcoin is expected to consolidate between $110,000 and $125,000. A break above the $125,000 to $130,000 range could signal the start of a new altcoin season. Contrastingly, some experts, such as Doctor Profit, express a more pessimistic outlook for the Bitcoin price. He has consistently argued that the crypto prices are merely in the early stages of a bear market, which often begins with a series of false pumps followed by sharp declines, a pattern that aligns with the events of last week. It remains to be seen which direction the Bitcoin price will take next. For now, the cryptocurrency has recovered slightly from Friday’s drop to around $106,620. Featured image from DALL-E, chart from TradingView.com

Week in review Another week has passed by and the US government shutdown continues. Despite this the week was still full of volatility as markets grappled with the ongoing US-China stalemate as well as concerns around the US banking sector later in the week. As a result safe havens continued to thrive with Gold prices soaring to near $4400/oz before falling around 2.7% on Friday. The drop in Gold came about as President Trump provided a sliver of hope on US-China relations saying "not sustainable" and that he would meet with Xi Jinping in South Korea in a few weeks. US equities enjoyed a mixed week and struggled on Thursday weighed down by Banking Stocks. US banks borrowed nearly $15 billion from the Federal Reserve's Standing Repo Facility (SRF) on Wednesday and Thursday, the largest borrowing over a two-day period since the Covid-19 pandemic. Market participants were concerned about US credit markets as a result and whether that could affect valuations across markets. The selloff on Thursday rippled through Asia overnight and weighed on European stocks on Friday wiping out weekly gains. These concerns came about after major US banks reported stellar earnings earlier in the week. Despite the mixed week for US and global equity markets, equity funds attracted inflows for a fourth straight week through October 15, as dovish comments from U.S. Federal Reserve Chair Jerome Powell reinforced expectations that the central bank will cut interest rates at its meeting later this month. Across the globe, investors bought about $2.17 billion worth of stock funds this past week, a figure similar to the week before. This money mainly flowed into U.S. and Asian stock funds, which saw nearly $1 billion in inflows each. Conversely, European stock funds saw a significant outflow of $1.62 billion, ending a ten-week period of continuous buying. Within the market, interest in funds focused on specific sectors surged by nearly 50%, with the Technology and Healthcare sectors leading all investments. zoom_out_map Source: LSEG Next week the US reporting season heats up and could set the tone for global equity markets. After major banks reported this past week, next week will feature results from several major household names, including Tesla and Netflix which are among the most closely watched reports. We will also get reports from other big names like Procter & Gamble (P&G), Coca-Cola and aerospace giant RTX and tech veteran IBM. How has the US Dollar Performed? The U.S. dollar is finishing the week with losses against major global currencies. The overall dollar index, which tracks the US currency's value, is on track for a 0.44% weekly slide, its largest drop since late July despite a small gain of 0.26% on Friday. The dollar weakened against the safe-haven Swiss franc, falling 0.1% to its lowest level since mid-September. Meanwhile, the euro was set for its best weekly gain against the dollar in nine weeks, even though it dipped slightly by 0.22% on Friday. Finally, the dollar was flat against the Japanese yen, which is also on track to notch a weekly gain, and the British pound (sterling) was down slightly by 0.2% but still poised for a weekly gain. This week also saw rate cut expectations rise with market participants now pricing in around 51 bps of rate cuts through December 2025, up from around 44 bps earlier in the week.This is based on the LSEG data. The Week Ahead Next week will definitely be a busier one as we did have a bit of a data break this week. Obviously the US Government shutdown has hampered US data releases but there was also a lack of high impact data from around the world. . The week ahead brings a host of high impact data releases from around the globe including inflation data from the US, China and Canada. While we also have a host of Central Bank policymakers speaking. Let us take a look at some of the key data releases which could shake markets next week. Asia Pacific Markets China is facing a pivotal week that will set its economic direction for the next five years, even as new data is expected to confirm a recent slowdown. From Monday to Wednesday, the Fourth Plenum meetings will be held, with the main goal of discussing China's important 15th Five-Year Plan for the years 2026 to 2030. Key priorities that are expected to be highlighted include boosting consumer spending, driving technological innovation (especially in areas like AI and semiconductors to achieve self-reliance), and generally shifting toward "high-quality development" to secure long-term growth. Separately, critical economic data is due on Monday: Loan Prime Rates: The central bank is expected to keep these key interest rates unchanged. GDP and Property: Official data is likely to show China's third-quarter economic growth slowed substantially to around 4.5% for the year. Key monthly data on retail sales and factory output are also expected to show a deceleration. Additionally, data on property prices is expected to confirm the market is still weak, as the government has not yet announced any major new stimulus to turn the sector around. With the Bank of Japan's interest rate decision coming up on October 30th, two key pieces of economic data are highly important this week: trade and inflation figures. Japan's exports are expected to rebound and grow by 4.0% compared to a year ago, mainly because shipments of goods like cars and chip-making machinery are returning to normal following the recent 15% tariff deal with the US At the same time, imports are likely to decrease slightly by 0.5%, largely because global commodity prices are lower. Analysts expect exports to continue normalizing in the coming months due to the September trade agreement. The overall inflation rate is expected to rise to 2.9% for September, with core prices likely remaining above 3.0%. The main reason inflation has slowed down recently is due to temporary factors, specifically government subsidies for energy and social welfare programs. Tariffs, Tariffs and More Tariffs Due to the ongoing US government shutdown, there is a serious lack of clear information on how the economy is actually performing. The government's statistical agencies are closed, meaning key reports are delayed, and even when the government reopens, it will take weeks to properly collect and process the missing data. However, one important piece of information, the September inflation report (CPI) has been confirmed for release. This is not for the Federal Reserve's benefit (even though they need it for their October 29th meeting), but because the number is legally required to calculate the Social Security cost-of-living increase for 2026. Experts still expect the report to show a small rise in overall prices (0.4% for the month) and a modest increase in core prices (0.3%). Even if tariffs start making inflation more obvious, the Fed's biggest concern right now is the weakening job market, meaning a small rise in inflation will not stop them from making a planned quarter-point interest rate cut later this month. zoom_out_map For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Week - US Dollar Index This week's Chart of the week is the US Dollar Index (DXY) From a technical perspective, the DXY has broken a three-day losing streak finding support at the 100-day MA on Friday. The daily candle closed as a hammer candle setting up the potential for further upside on Monday. If this level holds on Monday the DXY could continue its rise in the early part of next week. This will also depend on US-China developments. CPI data will be due on Friday though and market participants may be slightly hesitant to commit to any major moves ahead of the data release. This could potentially lead to some choppy price action in the early part of the week, something to consider. Immediate resistance rests at 99.57 before the psychological 100.00 handle comes into focus. Looking at support and a break below the 100-day MA could lead to a retest of the 97.70 or 96.90 support levels. US Dollar Index (DXY) Daily Chart - October 17, 2025 zoom_out_map Source:TradingView.Com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Solana meme economy has evolved into one of the most explosive forces in crypto, and the community is now moving billions in daily trading volume. The culture surrounding SOL’s meme coins has become a foundational driver of its network activity, liquidity, and overall market dominance in decentralized exchange (DEX) trading. How Meme Liquidity Fuels Solana’s Growth Crypto analyst known as BagCalls on X has pointed out that the memecoin menia and Degen energy culture of Solana is what defines the project. This is where the project SolsticeFi steps in, and it’s building a native stablecoin and yield infrastructure designed to anchor the ecosystem. By offering institutional-grade yields through delta-neutral strategies and its YieldVault, the project is positioning itself as a cornerstone of maturity in SOL’s DeFi landscape. BagCalls noted that this kind of innovation transcends the customary hype cycle. It also generates a lasting and underpinning aspect in the SOL decentralized finance (DeFi) ecosystem, which marks an impressive move toward the maturation of the on-chain financial environment of the network. The Founder of BITMEN, BitmanTW, has also offered a compelling vision for Solana’s trajectory, that the SOL network is turning the internet’s capital market. SOL has already decisively scaled transactions, proving its capacity for high throughput and low-cost operations, while scaling its yield. At the center of this evolution is SolsticeFi, the project that’s building a baseline yield layer for SOL’s DeFi ecosystem, which Bitman calls the missing piece. Powered by USX and YieldVault, SolsticeFi delivers institutional-grade performance with a native-first design. The core of this new infrastructure is USX, a Solana-native synthetic stablecoin, which has seen explosive adoption, surpassing $210 million in Total Value Locked (TVL). By attracting over 18,000 holders, USX has become the 5th largest stablecoin on SOL in just four days. Meanwhile, YieldVault provides access to tokenized delta-neutral strategies, currently delivering around 8% APY and boasting 100% positive months over the past three years. With eUSX, users can earn a baseline yield while remaining fully flexible to move liquidity into any DeFi opportunity. Solana’s Continued Functionality As A Core Strength According to the first Korean certified Elliott wave analyst, XForceGlobal, Solana remains one of the few assets that still works correctly within its broader market structure, even after posting an impressive 150% bounce from recent lows. Related Reading: Solana (SOL) Price Risks Drop Below $200 After Losing Key Support, Analyst Warns XForceGlobal emphasized that SOL appears to be nearing the conclusion of its B wave, a phase in Elliott Wave theory often characterized by retracement and correction before the next impulsive move. The analyst suggests this B wave has either already completed near the 88.6% Fibonacci retracement level, or could still be working toward a final all-time high (ATH) fake-out into an expanded B pocket.

Log in to today's North American session Market wrap for October 17 US stocks finished a nervous week on a high note, gaining ground as President Donald Trump's comments suggested trade tensions with China were easing and regional bank stocks bounced back. The S&P 500 index saw its best weekly gain since August after Trump said he was optimistic about reaching a deal with Chinese President Xi Jinping at their upcoming meeting, calming fears of an escalating trade war. This positive sentiment was boosted by a rebound in regional bank stocks, which had plunged earlier in the week due to loan quality fears. Both Zions Bancorp and Western Alliance Bancorp, the banks at the heart of the worry, rallied over 3.1% as bank executives quickly reassured investors and reported lower-than-expected provisions for loan losses in their latest earnings. As market confidence returned, traders moved money out of safe-haven assets: bonds, gold, and silver all fell, while bond yields rose from their recent lows. Despite the week's high volatility, investors poured $28.1 billion back into stock funds, pulling money out of cash funds. Separately, with the US government shutdown still blocking official data, one unofficial measure showed that applications for unemployment benefits fell last week, suggesting the job market may still be stable despite other signs of economic weakness. Oracle Corp. was a notable exception to the rally, dropping about 7% due to renewed concerns about its ability to meet the massive demand for its AI cloud services. Read More: Silver (XAG/USD) Technical Outlook: Silver Price Consolidates Ahead of Next Move. Where to Next? A New Trade War Begun? U.S.–China Tensions Back in the Spotlight US: Lack of Labor Market Data Due to Government Shutdown – Investors Seek Alternative Indicators Cross-Assets Daily Performance zoom_out_map Cross-Asset Daily Performance, October 16, 2025 – Source: TradingView US stocks recovered with the Nasdaq 100 leading the way. The surprise of the day came from Gold which retreated to a daily low around $4190/oz before recovering to $4250/oz before the market close. The question now is whether the precious metal will be able to continue its rally next week? Bitcoin continues to edge its way lower as it struggles to regain bullish traction despite increasing rate cut bets. A picture of today's performance for major currencies zoom_out_map Currency Performance, October 15 – Source: OANDA Labs The U.S. dollar is set to record a weekly loss against major currencies. The dollar weakened against the safe-haven Swiss franc, falling to its lowest level since mid-September and heading for its biggest weekly decline since June. The dollar index, which tracks the U.S. currency against a basket of others, is on track for a 0.43% weekly slide. Meanwhile, the euro is set for its strongest weekly performance against the dollar in nine weeks, despite a small drop on Friday. The Japanese yen saw its earlier gains fade after the Bank of Japan's Governor, Kazuo Ueda, discussed the factors that could lead to an interest rate increase this month. A look at Economic data releasing early next week zoom_out_map For all market-moving economic releases and events, see the MarketPulse Economic Calendar. The start of next week will be a busy one in terms of data. Sunday night we have CPI data from New Zealand which could lead to some volatility in NZD pairs. This will be followed by a Chinese data dump with GDP, Industrial Production and Retail Sales data. All of which could have wider implications for currencies like the Australian Dollar and provide more insight into the Chinese economy. For more information on data releases next week, read Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.