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Outlook points to weaker dollar but supportive conditions for crypto With early signs of resilience showing up in altcoins and U.S. demand for ETH and SOL. But Sean Farrell, head of crypto strategy at FS Insight, cautioned in a recent market update that lasting momentum will likely depend on whether BTC starts to participate in the rebound. “As recent cycles have shown, sustained alt rallies require meaningful BTC participation,” he explained.
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Crypto reset risks loom as ETF outflows hit hard Crypto ended last week under pressure, with BTC slipping a bit, ETH taking a bigger hit, and SOL falling the most. Keyrock analysts said in a research note that the market’s volatility comes amid big ETF outflows as hundreds of millions pulled from BTC and ETH products in addition to a wave of liquidations and extra token supply from SOL unlocks. Rising bond yields also added more weight, though some steady buying from digital asset treasuries kept losses from running wild.
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👀 Uptober is here: key things to watch this month 🚨Plus: Kazakhstan is buying BNB🚨 🍍 What to look out for in crypto this month? 🇰🇿 Kazakhstan's crypto fund. 🍋 Best money transfer apps, Deutsche Börse adopts Circle stablecoins + more
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Crypto Market Cap: $4.06T ,3.73% (24H
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