Only Cryptos _ Official

It's another risk-off session across the crypto markets. Bitcoin (BTC) slid 3.5% in the past 24 hours to approach #October lows around $103,600. Any further and the largest cryptocurrency would be at its lowest price since June.

The CoinDesk 20 Index is down 5%, with major altcoins like ether (SOL) and solana (SOL) also hitting their lowest since August.

The usual culprits are taking the blame: hawkish comments from #Fed Chair Jerome Powell; a strengthening dollar index; persistent selling from long-time wallets.

"Liquidity is expanding globally, yet capital isn't reaching crypto," market maker #Wintermute said. "ETF inflows have stalled, DAT activity has dried up, and only stablecoins are still growing."

But there's another angle, and it's one worth considering. The bearish tone could be tied to the Oct. 17 flash crash, when several arbitrage bets lost money on their futures legs due to auto-deleveraging. These firms could be quietly liquidating their remaining long spot positions, adding to downward pressure on prices.

Speaking of the market swoon, Stream Finance's stablecoin, #XUSD , collapsed 80% to 30 cents, with the DeFi firm reporting a $93 million loss stemming from an external fund manager. Stream Finance said it hired a top legal firm, Perkins Coie LLP, to investigate the issue, and the crypto community is on edge, assessing the broader market fallout.

Some observers have noted that lenders of xUSD are now earning over 500% daily interest. That's a clear indication the protocol's treasury might be in serious trouble.

Amidst all this gloom, some #Privacy coins, such as Zcash, Decred and DASH, are surging, adding as much as 200% in just 24 hours. It appears that traders are seeking refuge wherever they can.

In traditional markets, the recent surge in credit default swaps tied to Oracle is being taken to represent investor angst over the company's booming AI-related spending. The dollar index has risen to 100 for the first time in months, complicating matters for bitcoin bulls. Gold, meanwhile, continues to hold steady around $4,000 per ounce. Stay alert!

Source: CoinDesk Daybook

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$BTC $ETH $SOL

Bitcoin Fields New Sub-$100,000 Predictions as November Already Flips Red
Bitcoin stays under pressure as a grim “Uptober” gives way to 2% November losses.
The 11th month of the year may traditionally be Bitcoin’s strongest, but so far, the picture is anything but bullish.
Instead, traders are watching patches of exchange order-book liquidity for short-term price clues. The odds of a major rebound seem slim, and prediction markets show that hardly anyone expects a rematch with all-time highs this month.
Institutional investors are now among them; demand has fallen fast, and miners now add more BTC to the supply than the ETFs and other players buy up.
The atmosphere is very much that of April, when BTC/USD put in its latest local lows around $75,000.
The difference, however, lies in macro: US-China trade war fears are cooling thanks to progress over the weekend, while the Federal Reserve is preparing to end quantitative tightening (QT).
What needs to happen to give crypto markets the key confidence boost they now lack?
Amid waning correlation with stocks, Bitcoin looks increasingly out in the cold as retail investors take shelter and look elsewhere for safety.
Cointelegraph takes a closer look at the latest market trends, with the bull market looking as precarious as ever.
Continue reading to discover five key topics to follow this week when it comes to BTC price action.

Never trust a Sunday #pump
What’s in a “Sunday pump?” Not much, it turns out: Bitcoin is back at $107,000.
Weekend gains evaporated in hours as the week began, and now traders are bracing for a support retest closer to $100,000.
Bid liquidity is ripe for the taking, and a key weekly trend line is also around the corner.

The ghost of #October lingers on
November is traditionally peak season for BTC price gains, but this year is already different.
Uptober failed to deliver, and so far, BTC/USD is down another 2% this month.
Prediction odds of even a return to $120,000 by December now hang in the balance.

#Macro clouds part…
Stocks are deciding that everything’s OK with the US-China trade deal.
The weekend saw a major de-escalation in the tariff war, even as geopolitical tensions around Venezuela and Nigeria increased.
Will a dovish Fed return to keep the party going?

…But #institutions lose steam
Bitcoin ETFs have made a name for themselves as big buyers this year.
For the first time in seven months, though, institutions are snapping up less of the BTC supply than miners add.
This key shift is leading to worries of a longer-term trend shift.

#retail runs for cover
Bitcoin active addresses are in decline, signalling a lack of belief among the Bitcoin retail base.
Things are getting so bad that the price may even drop below $100,000 next, research warns.
It says the network may simply be unable to justify six-figure prices.

Source: Cointelegraph _ Markets Outlook

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$BTC

The ongoing #US government shutdown is already the second-longest in the nation's history, and may break the record for longest this week. That isn't promising for crypto legislation's chances of actually becoming law in the near future.

Reaching the record books
The #narrative
The U.S. government shut down on Oct. 1, 2025 after Congress was unable to come to an agreement to continue funding it. The long shutdown in U.S. history is 35 days — if the current one lasts through Wednesday, it will break that record.

Why it #Matter 's
Crypto legislation has been almost at a standstill since before the government shut down, but the longer the shutdown lasts, the dimmer the prospects for legislation to move through are.

#BREAKING it down
The ongoing shutdown means Congress has already missed several of its self-imposed deadlines for passing legislation — most recently the tentative Oct. 20 deadline for a markup hearing on market structure legislation. Time is starting to run out to move other pieces of legislation.
As we get closer to the end of the year, Congress will have priorities other than crypto to deal with, said Wintermute Head of Policy and Advocacy Ron Hammond, who pointed to the annual National Defense Authorization Act — a must-pass military spending bill — as an example.
However, he said there was still optimism in Washington, D.C. that crypto legislation that stalled out near the end of the summer will see some movement. The next thing to watch for may be the Senate Agriculture Committee's draft market structure bill, as that could indicate where the overall legislative package may go.
If the feedback to that draft is positive, lawmakers could quickly head toward a markup hearing around Thanksgiving and vote soon after.
A complicating factor is the shutdown. The longer it lasts, the less time there is for Congress to deal with these different legislative issues.
Another individual familiar with D.C. politicking told CoinDesk on Thursday that there is a rumor that Democrats may give up on their demands to secure lower healthcare premiums within the next week or so due to the Trump Administration's refusal to distribute Supplemental Nutrition Assistance Program benefits to recipients during the shutdown. Two federal judges on Friday ordered the administration to resume benefits regardless.
If this happens, this individual also said there may be a markup by Thanksgiving — but if Democrats are forced to give in on their demands around the shutdown, they may be less willing to compromise on market structure legislation.
Next week will also see another election, where voters will choose a number of statewide ballot initiatives, representatives, mayors and governors in the states of Virginia and New Jersey.

Source: #CoinDesk | State of Crypto

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