Happy Tuesday all! If you missed the past 24 hours in crypto and stocks, here’s your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Bitcoin briefly reclaims $89,000. Now trades around $87,700.
→ Anthony Pompliano says on CNBC that Bitcoin is close to bottoming out and slowly grinding back.
→ Bitcoin now forecasted to hit a low of $78,000 this year.
→ Bitcoin was trading in lockstep with the Mag 7 stocks until the last month and a half, now Bitcoin is down 15% over the past year versus a 25% gain for the Mag 7.
→ Japan’s largest asset managers including Nomura are planning to launch Bitcoin and crypto investment products.
→ Strategy’s Bitcoin-backed credit weekly volume hits a new all-time high.
→ Since 2020, the U.S. dollar has lost 20% of its purchasing power while Bitcoin has gained over 900%.
→ JPMorgan debanked the CEO of a Bitcoin exchange.
→ Amazon announces plans to invest up to $50,000,000,000 to build AI and supercomputing infrastructure for the U.S. government.
→ December rate cut odds surge to 79%.
→ Fed’s Waller says he’s advocating for a rate cut at the December meeting.
→ President Trump accepts invitation to visit Beijing in April and invites President Xi Jinping for a US state visit later that year.
→ Senator Cynthia Lummis slams JPMorgan for its anti-crypto policies.
→ Nasdaq posts best day since May.
→ Real investment into data centers has tripled over the past 3 years.
→ More than half of the 1.6% US GDP growth in the first 6 months of this year came from AI-related spending.
→ Shoppers spent more than $5.5 billion in Goodwill retail stores across the US and Canada last year, a record high up 37% from 2019.
→ Kalshi prediction market hits $18,000,000,000 milestone in cumulative volume.
📊 Altcoin Market Updates 📊
→ Franklin Templeton says XRP plays a foundational role in global settlement infrastructure.
→ Grayscale spot XRP ETF trading now live.
→ Grayscale launches first spot DOGE ETF in U.S.
→ Bitwise says Dogecoin ETF coming soon.
→ Publicly traded BitMine Immersion buys another 28,625 ETH worth $82.11 million.
→ Ghost announces launch date for GhostPay, the first native privacy-focused payments layer on Solana.
→ PumpFun has cashed out at least $436.5 million USDC since Oct 15, depositing the same amount into Kraken.
→ Solana flips Hyperliquid in spot MON trading volume.
→ Sunrise announces Sunrise is now live, MON has arrived on Solana.
→ Wallet in Telegram lists Monad, enabling Telegram TGE trading and expanding MON distribution.
→ Unit announces spot Monad deposits, withdrawals, and trading are now officially live on Hyperliquid.
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 $XRP $SPX500
PS… Want the complete shortcut to trading altcoins with precision (without wasting months on trial-and-error)?
Click here to grab the Altcoin Profit Toolkit — 8 structured modules + 3 indicators including the Smart Exit Decoder that shows overbought conditions on multiple timeframes, helping you scan, enter, and exit trades like a pro trader.
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
