Japan just dropped news about letting banks trade crypto, that’s a $5 trillion banking sector potentially entering the market. Bitcoin’s moving with gold now, showing a +0.35 correlation as everyone hunts for safe havens. But here’s the problem: Bitcoin ETFs lost $1.23 billion last week, and the Fear and Greed Index is stuck at 30. So while prices are up, institutions are quietly heading for the exits. So what’s actually driving this rally?
Trump’s Meeting Xi in Two Weeks
President Trump just confirmed he’s meeting China’s Xi Jinping on October 31 at the APEC summit in Seoul. Just weeks ago, Trump dismissed any meeting with Xi and unleashed tariffs that sparked nearly $20 billion in crypto liquidations, the worst massacre in history. But how did the broader crypto market react to this? Read more.
Saylor Hints at Another Bitcoin Buy
Michael Saylor just dropped another hint on Sunday, and it’s got Bitcoin traders buzzing. He shared a chart of Strategy’s 640,250 BTC holdings, worth around $69 billion, and said “The most important orange dot is always the next.” So how much profit is Strategy actually sitting on right now? Read more.
Bollinger Bands Just Flashed a Warning
John Bollinger just told crypto traders to “pay attention soon.” The legendary analyst spotted potential W bottoms forming on Ethereum and Solana charts. These patterns typically signal big moves ahead. ETH has bounced off $3,700 twice this month. Solana mirrored the move at $175. But how accurate have these W bottom patterns been historically? Read more.
Bitcoin Is Smelling Trouble Right Now
Strike CEO Jack Mallers says Bitcoin is “smelling trouble” in the banking system right now. It’s looking a lot like the 2023 regional banking crisis that never actually got fixed. Bitcoin tanked to $103,850 on Friday, a four-month low. So what does Bitcoin’s price action reveal about the banking crisis ahead? Read more.
Galaxy Digital Says Crypto Will Rally Soon
Alex Thorn from Galaxy Digital says the crypto bull market isn’t over despite October’s brutal shakeout. The October 10 crash wiped $19 billion in liquidations. Bitcoin fell from $126,300 to $107,000. But Thorn stays bullish on BTC, ETH, and SOL for the medium term. What could trigger the next major bull rally? Read more.
GameFi News: Web3 Gaming Coins Bleed After Trump Crash
Hello Downtober? GameFi crashes 28% as BTC plummets from $121K to $105K! OVERTAKE defies gravity with 22% gain! Tokyo Beast rises from the dead while Eve Frontier jumps ship to Sui! Read more.
