Before we dive in: only 3 days left in my 1 week sale, it ends Saturday October 17.Paid subscribers see every stock I buy, my buy levels and the trades I share each week in the chat.Right now that’s €96.60 instead of €138, plus my €99 Bitcoin trading system for free!👉 Claim 30% off
Happy Thursday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
Bitcoin fell under $81,000 and Ethereum under $2,400, with about $350 million in crypto longs liquidated in a short window and over $876 million in long positions liquidated across the market in 24 hours. Roughly 92,000 traders were liquidated in the same period.
South Korea's KOSPI tumbled as much as 8 percent, triggering a circuit breaker and a 20-minute trading suspension amid the sharp sell-off.
About $1 trillion was wiped from the US stock market in a single day as risk assets sold off broadly.
The US Treasury is set to buy back up to $6 billion in longer-term debt again tomorrow.
White House Director Patrick Witt said officials are exploring ways to accumulate more Bitcoin for the US strategic reserve and are working on custody and accounting for existing holdings.
US spot Bitcoin ETFs recorded $175.7 million in inflows yesterday.
Fidelity Digital Assets noted that Bitcoin's momentum signal has turned positive, with trend and volatility now aligned behind recent price strength.
ASML reported Q3 net sales up 55 percent year-over-year to €11.7 billion, with operating margin expanding and full-year guidance raised, while remaining supply-constrained through 2028.
AI infrastructure names including CoreWeave, Nebius and Oracle fell as rising rates and higher debt costs pressured the sector, with one CoreWeave bond yield touching around 15 percent.
Rocket Lab delayed the inaugural Neutron launch into 2027, sending the stock lower after hours.
Netflix is cutting about 1,000 jobs, or roughly 6 percent of its workforce, its largest round of layoffs since 2022.
Bank of America shares slid after missing expectations and taking a $1.2 billion regulatory fine, with trading and investment banking also soft.
US inflation has now stayed above the Fed's 2 percent target for 67 consecutive months, with broad price increases across categories over recent years.
President Trump said Japan will provide capital for a $21 billion investment in the US consistent with prior commitments.
The US is considering unfreezing Russian assets to help restart peace talks with Ukraine, while sources also said the US is weighing use of a large conventional bomb against Iran.
Elon Musk said SpaceX will probably reach a $100 trillion market cap within 10 years unless there is a major world war, and Barclays reported that Tesla and SpaceX may announce merger plans before December.
Earnings reports due before the bell today include TSMC, Charles Schwab, PNC, Bank of New York Mellon, US Bancorp and others across semiconductors, banks, real estate and telecom.
📊 Altcoin Market Updates 📊
Bitwise ETF clients bought $740,410 worth of XRP.
An original Shiba Inu team member is set to launch a project on Solana in the coming days, paired directly with SHIB.
A new platform called xstokfun is launching on Solana, allowing users to create coins paired with various assets.
CZ praised Solana for its ability to advertise and open an office in China, noting that BNB Chain has not been able to do the same so far.
Polygon Labs completed its acquisition of Coinme, expanding regulated payments coverage across 48 US states.
Kraken is set to buy the Lithuanian bank Saldo Bank.
Base flipped Robinhood Crypto in 24-hour app revenue and decentralized exchange volume.
Someone pulled a CryptoPunks NFT after spending about $150 in Ethereum on an NFT gacha machine.
A Sequoia-backed AI travel concierge called Odessia launched, booking flights, hotels and experiences via text while tracking price drops.
Latin America's largest corporate Bitcoin holder, OranjeBTC, said Brazil is quite advanced in Bitcoin adoption and is focused on helping people store wealth long-term.
If you enjoyed this daily roundup, make sure to follow me, I'll see you tomorrow!
$BTC $SPY $QQQ $OIL $SMH
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.
Connect with me on:
🟦 Linkedin: Timothy Assi
🟪 Instagram: @panic_drop
⬛ X: @timoassi
📧 timothy@panicdrop.com
🟩 Panic Drop Podcast : on your favorite streaming app
