Good morning all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ The Bitcoin Fear and Greed Index hit a brand new low in "Extreme Fear".
→ Bitcoin falls below $86,000 for the first time since April.
→ At $85,500, Bitcoin is now down around 32% from its all-time high of $126,000 in early October.
→ BlackRock clients sell $356.39 million worth of Bitcoin.
→ 228,966 traders were liquidated from the cryptocurrency market in the past 24 hours.
→ $120,000,000,000 wiped out from the crypto market cap.
→ Chance of Bitcoin hitting $150K before April 2026 falls to 16%, per traders on Kalshi.
→ Michael Saylor says “They’ll say we got lucky.”
→ MicroStrategy's Bitcoin position to turn red if Bitcoin falls another 15%.
→ Strategy stock price down over 40% this year.
→ UK begins large crypto prosecutions with first major investigation, arresting two men over $28 million Basis Markets NFT sale.
→ Japan says their stimulus package will have an overall economic impact of $265,000,000,000.
→ Tiktok parent company ByteDance’s valuation soars to $480,000,000,000 in share auction.
→ Deutsche Bank raises Nvidia target price to $215 from $180.
→ Congressman Warren Davidson introduces "Bitcoin for America" bill to codify the Strategic Bitcoin Reserve Executive Order and eliminate capital gains tax when paying taxes with Bitcoin.
→ Billionaire Ray Dalio says 1% of his portfolio is in Bitcoin.
→ Metaplanet to raise $150 million via perpetual preferred equity to buy more Bitcoin.
→ $1 trillion wiped out from the US stock market cap.
→ White House Advisor Hassett says data suggests the Federal Reserve should cut interest rates in December.
→ $1.3 trillion Morgan Stanley no longer expects the Federal Reserve to cut interest rates in December.
→ US economy added 119,000 jobs in September, higher than expectations.
→ Nasdaq 100 index prints 8 straight 15-minute red candles.
→ Odds of Bitcoin hitting $85K in November surpass 60% on Polymarket.
→ Robinhood CEO says “Money will continue to be important with artificial superintelligence” - “There will continue to be scarce assets like prime real estate, front row concert tickets, even NFTs with good provenance”.
→ The total number of jobs in the US increased by 0.8% over the past year, the slowest growth rate since March 2021.
→ The US Unemployment Rate moved up to 4.4% in September, the highest level since October 2021.
đź“Š Altcoin Market Updates đź“Š
→ Ethereum falls under $2,800.
→ BlackRock clients sell $121.67 million worth of Ethereum.
→ Ethereum now forecasted to hit a low of $2,420 this year, based on price of recent trades on Kalshi.
→ Bitwise spot XRP ETF goes live.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
Credit to the following X accounts for key insights & updates: @whaleinsider @bitcoinmagazine @watcherguru
@degeneratenews @charliebilello @economyapp @earnings_time
$BTC $ETH $SOL $NVDA $SPX500
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Written by Timothy Assi, an Elite Popular Investor on eToro.
Not investment advice. eToro is a multi-asset investment platform. Your capital is at risk. For information and educational purposes only.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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