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This downward movement is a pricing of short-term uncertainty.
The crypto market has turned choppy, but three projects stand out with bullish setups that could define weekend trading. While most categories bleed, these altcoins to watch are gaining traction through whale activity, momentum shifts, and strong fundamentals.
Share link:In this post: Powell is expected to hint at a September rate cut during his Friday speech in Jackson Hole. Traders are pricing in a 70% chance of a 0.25% cut and 50bps total easing in 2025. Trump is pressuring the Fed, but Powell may avoid firm commitments before new data.
Share link:In this post: UK business activity reached its fastest pace in a year in August, led by growth in services. Government borrowing in July was £1.1bn, lower than the OBR’s £2.1bn forecast, helped by higher tax receipts. Hiring stayed weak despite stronger activity, with employment falling for the eleventh straight month.
Share link:In this post: UK consumers increase their confidence in household budgets after the Bank of England rate cuts. Consumer confidence hit its highest level in months, surprising experts. Rich families spend more, but poor families still struggle with high prices.
Share link:In this post: Crypto handheld buyers in the U.S. are being hit with unexpected import duties, sometimes as high as $348. The manufacturer has paused shipments of its $599 gaming device while it investigates varying fees and complaints from early customers. Buyers are frustrated over the lack of upfront cost clarity, with some calling the extra charges misleading and asking for refunds.
- 23:30Overview of Major Overnight Developments on November 1421:00-07:00 Keywords: rate cut, Federal Reserve, certain exchange, AI16Z 1. CryptoQuant: In the past 30 days, long-term bitcoin holders have sold 815,000 BTC, reaching a new high since January 2024; 2. Trump pardons British billionaire Joe Lewis involved in insider trading; 3. Certain exchange: As of the end of October, the total platform assets amounted to $343 billion; 4. Certain exchange will suspend AI16Z perpetual contract trading on November 15; 5. BlackRock increased its holdings of nearly 19.5 million shares of Nvidia and reduced its holdings of Apple in the third quarter; 6. Canary XRP ETF (XRPC) recorded a first-day trading volume of $58 million, surpassing BSOL; 7. Federal Reserve's Kashkari: Does not support last month's rate cut and remains cautious about the December decision.
- 23:29BTC rebounds and surpasses $100,000Jinse Finance reported that according to market data, BTC has rebounded and surpassed $100,000, currently quoted at $100,073.92. The 24-hour decline has narrowed to 1.69%. The market is highly volatile, please manage your risks accordingly.
- 23:14Canary's spot XRP ETF reaches $58 million in first-day trading volume, surpassing Bitwise's Solana ETFAccording to ChainCatcher, citing The Block, Bloomberg senior ETF analyst Eric Balchunas stated that Canary Capital's XRP ETF (ticker XRPC) began trading on Thursday morning, reaching a first-day trading volume of $58 million, setting a new high for first-day trading volume among nearly 900 newly listed ETFs this year. Earlier, Balchunas mentioned on the X platform that XRPC recorded a trading volume of $26 million in its first hour. Previously, this record was held by Bitwise's Solana ETF (ticker BSOL), which had a first-day trading volume of about $57 million, with the second day's volume soaring to $72 million. When discussing the launches of XRPC and BSOL this year, Balchunas noted that these two funds are in a league of their own, as the third-ranked fund's trading volume lags behind by more than $20 million.