Before we dive in: I’m running a 1 week sale until 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.
Happy Tuesday all!
If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
Crypto markets faced heavy liquidations with 174,158 traders wiped out and $694 million in long positions liquidated over the past 24 hours as Bitcoin briefly fell under $82,000.
South Korea’s KOSPI stock market crashed 6%.
Bitcoin funding rates turned negative for the first time in three months, a condition that has historically preceded positive price action.
Bitcoin’s weekly MACD momentum flipped positive after 44 consecutive negative weeks, a technical shift that has historically signaled the start of bull markets.
Nvidia’s market cap of $5.8 trillion is more than $2 trillion higher than the entire Russell 2000 combined, backed by $193 billion in profits over the past year while Russell 2000 companies collectively lost $14 billion.
The top 10 holdings now make up 39.5% of the S&P 500, the highest concentration on record going back to 1980.
S&P 500 earnings are on pace to rise 34% this year with another 15% expected in 2027, totaling 54% growth over two years.
Energy has gained 51% year-to-date while consumer discretionary is down 5%, creating a 56% sector spread fueled by war-driven inflation.
Commodity prices have surged since the start of the Iran war, with European natural gas up 163%, heating oil and jet fuel up 80%, diesel up 67%, and sharp gains in rice, sugar and gasoline.
US mortgage rates climbed to 7.4% after rising for seven straight weeks, the longest streak in three years.
More than 14% of US home purchases were canceled last month, the highest September rate on record, while sellers outnumber buyers by over 560,000 and pending sales sit at their lowest level since April 2020.
Markets closed mixed with the Dow up 0.4%, the S&P 500 down 0.1% and the Nasdaq down 0.4%, as energy led and Brent crude settled at $106.65.
The Federal Reserve hiked rates in September and is expected to hike again in December despite earlier market hopes for lower rates under Kevin Warsh.
South Korea’s Jeonbuk Bank will offer the first bitcoin-backed won loans.
📊 Altcoin Market Updates 📊
Base flipped Solana in DeFi total value locked.
The Blur NFT marketplace frontend will be deprecated on November 12, 2026, though the underlying protocol stays operational on-chain and Blend will stop matching new loans.
SushiSwap is considering an acquisition of Blur.
Russia’s Moscow Exchange will launch trading for Bitcoin, Ethereum and USDT on December 1.
Standard Chartered officially launched custody services for Ripple’s RLUSD stablecoin on the XRP Ledger.
Tom Lee’s BitMine bought 12,532 ETH worth $31 million.
Morgan Stanley projects the tokenized assets market will reach between $3 trillion and $10 trillion by 2030.
The Nasdaq CEO said tokenization could unlock tens of billions of dollars across the global financial system.
A Hyperliquid-based synthetic perps platform called Papertrade briefly surpassed Pumpfun and Hyperliquid in 24-hour revenue by incentivizing user losses through high-leverage offerings.
One trader is up more than $20 million on a NEAR long position on Hyperliquid.
Polymarket expanded its Bitcoin price prediction markets to include hourly and daily moves along with longer-term targets.
ZachXBT criticized the XRPL Foundation for paying a whitehat only $250,000 for a critical infinity XRP supply bug despite a large treasury.
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
