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  • Vanguard reverses course, opens door to Bitcoin, Ethereum, XRP, and Solana ETFs

    Vanguard reverses course, opens door to Bitcoin, Ethereum, XRP, and Solana ETFs

    Vanguard opens door to Bitcoin, Ethereum, XRP, and Solana ETFs

    • Vanguard now allows clients to trade Bitcoin, Ethereum, XRP, and Solana ETFs.
    • XRP ETFs have seen $756M inflows in 11 days, with no outflows recorded.
    • Goldman and other firms are boosting crypto exposure alongside Vanguard.

    In a dramatic shift that signals growing acceptance of digital assets by mainstream finance, Vanguard has opened its brokerage platform to regulated crypto ETFs.

    Starting this week, US investors can access exchange-traded funds tied to Bitcoin, Ethereum, XRP, and Solana, marking a major reversal from the firm’s long-held resistance to cryptocurrency.

    Notably, the move comes amid surging client demand and increasing institutional interest in digital assets, reshaping Vanguard’s traditional investment philosophy.

    Vanguard finally embraces crypto

    For years, Vanguard maintained a cautious stance toward cryptocurrencies, with former CEO Tim Buckley publicly dismissing BTC and other digital assets as too speculative and unsuitable for long-term portfolios.

    The firm consistently refused to offer crypto ETFs, emphasising stability and low-risk investments for retirement-focused clients.

    However, leadership changes paved the way for a rethink.

    Salim Ramji, formerly the global head of ETFs at BlackRock, assumed the CEO role and gradually steered Vanguard toward regulated crypto offerings.

    While the firm still will not create its own crypto ETFs or mutual funds, it now supports third-party products that meet regulatory standards, providing clients with access to digital assets while maintaining compliance.

    The platform expansion enables more than 50 million US brokerage clients to trade crypto ETFs alongside other non-core assets like gold.

    This could significantly increase market participation, with some predicting near-term price boosts in Bitcoin (BTC) and Ethereum (ETH).

    Vanguard’s inclusion of XRP ETFs

    Among the new offerings, XRP-based ETFs have generated particular excitement.

    In just 11 trading days, spot XRP ETFs have recorded net inflows exceeding $756 million, with total assets under management reaching $723 million.

    Remarkably, there have been no outflows, and major inflow events include $243 million during Canary Capital’s launch, $164 million tied to Grayscale and Franklin Templeton ETFs, and $89.65 million in the most recent session.

    This rapid accumulation is reducing the liquid XRP supply on exchanges, potentially creating a supply shock that could influence pricing.

    Mainstream finance accelerates crypto adoption

    Vanguard’s pivot reflects a broader trend among traditional financial institutions embracing crypto.

    Goldman Sachs, for example, is deepening its exposure through a $2 billion acquisition of Innovator Capital Management, which issues defined-outcome ETFs, including Bitcoin-linked structured funds.

    The bank has rapidly increased its holdings in Bitcoin and Ethereum ETFs, totalling billions in assets, while also developing infrastructure for tokenised financial products.

    Industry observers view these moves as part of a gradual yet significant integration of digital assets into mainstream portfolios, indicating that regulated, institutionally backed crypto investment is shifting from a niche to a standard.

    The implications of Vanguard’s decision extend beyond immediate market activity.

    By allowing access to regulated crypto ETFs, the firm is providing a channel for both retail and institutional investors to participate in digital asset markets within a familiar, compliant framework.

    This could draw additional inflows, potentially reshaping liquidity dynamics and market sentiment across Bitcoin, Ethereum, XRP, and Solana.

    For Vanguard, the shift represents not only a strategic response to client demand but also an acknowledgement that digital assets have become a permanent fixture in the global financial landscape.

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  • Crypto market mixed as Bitcoin tests $93K, Ethereum and XRP hit major resistance

    Crypto market mixed as Bitcoin tests $93K, Ethereum and XRP hit major resistance

    Bitcoin Price Bearish

    • Bitcoin price rose to near $93,000 on Friday before sell-off pressure resumed.
    • Ethereum and XRP also climbed but faced key hurdles around $3,000 and $2.25.
    • Sentiment remains downbeat across the crypto market despite notable gains for a few top altcoins.

    The cryptocurrency market continued to witness a mixed outing on Friday, with Bitcoin retesting the $92,500 mark while Ethereum and XRP both broke to key resistance areas.

    While gains indicated renewed investor optimism amid broader economic uncertainties, the swift retreat to below $91k for BTC highlights the fragile market sentiment.

    Also, while Sky, Monero and Bitcoin Cash gained, Zcash, Dash and Aptos led the top losers in the leading 100 coins by market cap.

    Bitcoin breaks to highs near $93k

    Bitcoin’s price marked a decisive breach of the $92,500 resistance level by rising to near $93,000.

    On Friday, the benchmark asset hit highs of $92,969 across major exchanges. However, the level has proved a robust barrier that means the quest to break higher towards the psychological $100 mark continues to evade bulls.

    QCP Group analysts shared the short-term Bitcoin price outlook via an X post. They see mid-$90k levels as key supply wall zones, while major support remains in the $82k-$80k area.

    “Options markets show caution even as year-end BTC call open interest stays heavy. Skew, IV and sentiment have softened, reinforcing a rangebound profile. Supply likely caps moves toward mid-90Ks, while support sits near 80–82K, leaving macro catalysts firmly in control of direction.”

    Despite the dip to below $91k as of writing, BTC’s gains earlier in the day allowed layer-1 and layer-2 solutions on the Bitcoin network to post gains.

    As noted, BounceBit and Stacks were among the Bitcoin ecosystem tokens to see an uptick.

    But as prices have dipped again, rather than bounce higher, this latest move could be a dead cat bounce.

    ETH and XRP face resistance

    Like Bitcoin, Ethereum has struggled to sustain momentum. Recently, the top altcoin fell to lows of $2,600 after closing above $4,000 in late October. The breach of the $3,000 level threatened more pain for bulls.

    However, after testing the demand reload zone, the ETH price has jumped back to the resistance area above $3,000.

    That’s despite a 25% dip over the past month.

    While prices are nearly 9% up in the past week, ETH’s inability to break higher reflects broader altcoin fatigue. Bitcoin’s drop to $90,504 at the time of writing suggests a potential downward cascade for ETH.

    XRP has fared similarly, trading at $2.18 amid a 1.4% dip in the past 24 hours.

    The token faces formidable overhead resistance at $2.25 and at $2.50. Per market data, the latter marks a level at which bulls have struggled since the crash on Oct. 10,2025.

    The launch of spot XRP ETFs in recent days has failed to help bulls break higher.

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  • Kraken expands regulated derivatives in Europe with Bitcoin and Ethereum collateral

    Kraken expands regulated derivatives in Europe with Bitcoin and Ethereum collateral

    Kraken expands regulated derivatives in Europe with Bitcoin and Ethereum collateral

    • The feature applies to more than 150 perpetual futures markets available to European users.
    • The exchange operates under MiCA and MiFID II regulations, with oversight from Ireland and Cyprus.
    • Kraken’s third-quarter revenue rose by 50% to $648 million following its acquisition of NinjaTrader.

    Kraken has expanded its regulated derivatives offering in the European Union, allowing traders to use Bitcoin, Ethereum, and approved stablecoins as collateral for perpetual futures on Kraken Pro.

    Announced on 3 November, the move makes Kraken one of the first licensed exchanges in Europe to support crypto-collateralised derivatives under the Markets in Crypto-Assets (MiCA) framework.

    The feature strengthens Kraken’s position in Europe’s digital asset market by combining capital efficiency with regulatory compliance.

    By allowing clients to post crypto assets instead of converting them into fiat, the exchange provides faster access to liquidity while remaining under strict oversight from European regulators.

    Crypto as margin on Kraken Pro

    European traders can now use Bitcoin, Ethereum, or select stablecoins as margin across more than 150 perpetual futures markets.

    Collateral is converted to USD for liquidation and margin calculations, standardising risk management while maintaining crypto exposure.

    Kraken’s operations are covered by its MiCA licence from the Central Bank of Ireland and supervision by the Cyprus Securities and Exchange Commission.

    The exchange uses volatility-based margin haircuts to manage exposure to price swings. All custody arrangements comply with the Markets in Financial Instruments Directive II (MiFID II), ensuring full investor protection under European law.

    The feature allows traders to access up to 10x leverage using crypto collateral. It reflects Kraken’s ongoing strategy to align its trading products with Europe’s unified digital asset rules ahead of MiCA’s full rollout in 2025.

    A shift in EU derivatives

    Kraken’s expansion comes at a time when Europe is tightening oversight of crypto products while promoting innovation through consistent regulation.

    By offering crypto-collateralised futures under direct supervision, the exchange positions itself at the forefront of compliant derivatives trading in the EU.

    The integration benefits institutional and retail traders seeking efficient and legally sound ways to trade leveraged crypto products.

    Hedge funds and corporate treasuries can now operate within clear regulatory limits, signalling the increasing maturity of Europe’s digital derivatives market.

    This move also strengthens the region’s financial infrastructure. Transparent liquidation procedures and regulated custody standards align digital assets with traditional financial norms, helping reduce risk and improve trust.

    As other licensed exchanges follow Kraken’s lead, the EU could become a global hub for compliant digital asset trading.

    Growth supports expansion

    The announcement follows a strong financial quarter for Kraken. The exchange reported revenue of $648 million in the third quarter, a 50% rise from the previous quarter.

    The increase was driven by higher trading volumes and new product integrations following the acquisition of NinjaTrader, a futures and forex trading platform.

    This momentum underlines Kraken’s ability to grow while maintaining regulatory standards. By embedding compliance into its strategy, the company is building credibility and scale in an increasingly regulated environment.

    As MiCA rules continue to take effect, exchanges that prioritise both innovation and compliance are expected to capture greater institutional interest.

    Kraken’s integration of crypto collateral into a regulated derivatives framework demonstrates how digital assets can function securely within Europe’s financial system.

    The development marks a shift from speculative trading to a more structured market, where transparency and protection guide participation.

    For the European Union, this represents progress toward establishing a regulated, sustainable, and globally competitive digital asset economy.

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  • Crypto wrap: Bitcoin, Ethereum, BNB, Solana, and XRP muted after CPI report

    Crypto wrap: Bitcoin, Ethereum, BNB, Solana, and XRP muted after CPI report

    Bitcoin Price

    • Cryptocurrencies including Bitcoin, Ethereum, BNB, Solana, and XRP traded higher and then pared gains.
    • Sentiment improved with the release of the US Consumer Price Index (CPI) report, but prices failed to rally.
    • Analysts say the CPI data makes a Federal Reserve rate cut on October 29 “highly probable”.

    Major cryptocurrencies including Bitcoin, Ethereum, BNB, Solana, and XRP have maintained steady prices despite Wall Street’s robust reaction to a key economic data release. 

    As such, the cryptocurrency market was largely muted on Friday October 24, 2025, with an initial price spike following the release of the US Consumer Price Index (CPI) report failing to flip into notable gains. 

    While several coins traded in the green, the subdued action meant the global crypto market capitalization, per CoinGecko, remained at $3.81 trillion.

    Sentiment was still largely negative as the Fear & Greed index hovered at 32 and was in fear territory.

    Meanwhile, global daily trading volume slipped to $153 billion.

    Bitcoin, Ethereum prices as investors react to CPI data

    The Bureau of Labor Statistics released the US CPI inflation report for September on Friday.

    Data showed inflation was cooler than expected, with headline CPI at 0.3% and core inflation at 0.2%.

    Meanwhile, both year-over-year measures for headline and core came in at 3%.

    Economist Mohamed El-Erian commented on what the data says:

    “This report makes a Federal Reserve rate cut next week highly probable. What happens beyond that, however, will depend on subsequent data, primarily confirmation of a softening labor market and continued disinflation.”

    Stocks however, soared amid the report and a host of other bullish factors.

    Bitcoin traded to highs of $111,842 before quickly retreating to $110,500.

    Ethereum on the other hand, rose slightly to near $4,000 before revisiting $3,870 and settling just above $3,900.

    Despite the cooling inflation data, analysts see a 99% likelihood of a Federal Reserve rate cut on October 29.

    This will feed into risk asset appeal and both BTC and ETH could rally past key supply walls around $115k and $4,250.

    BNB steady after Changpeng Zhao pardon

    BNB, the native token of Binance, has maintained its price at $1,106, with negligible movement post-CPI.

    The token is benefiting from Binance’s dominance in spot trading, and the news of President Donald Trump’s pardon of founder Changpeng Zhao buoyed the broader market.

    BNB price moved from lows of $1,048 to near $1,150 on October 24 before settling near the psychological $1,000 mark.

    Solana and XRP steady but below key levels

    Both Solana and XRP held steady at $190 and $2.49, respectively.

    Network activity, partnerships and acquisitions have complemented sentiment built around spot ETF anticipation and treasury strategy moves.

    However, SOL and XRP are below the key buy zones of $200 and $3.00, respectively.

    Confidence could skyrocket if bulls take out bears at these levels.

    News that Ripple is one of the crypto titans bankrolling donations for Trump’s White House ballroom project see XRP get further limelight.

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  • JPMorgan Chase to start accepting Bitcoin, Ethereum as loan collateral: report

    JPMorgan Chase to start accepting Bitcoin, Ethereum as loan collateral: report

    JPMorgan Chase to start accepting Bitcoin, Ethereum as loan collateral

    • JPMorgan will let clients use Bitcoin (BTC) and Ethereum (ETH) as collateral for loans.
    • The move marks a major shift from Jamie Dimon’s past crypto criticism.
    • Other major banks are expanding crypto custody and lending services.

    JPMorgan Chase & Co. is reportedly preparing to let institutional clients use BTC and ETH as collateral for loans by the end of the year, as per a Bloomberg report.

    The move marks one of the most significant steps yet by a major US bank toward integrating digital assets into traditional finance, signalling how fast cryptocurrencies are moving from the periphery to the core of global banking.

    JPMorgan’s changing tune on crypto

    For years, JPMorgan CEO Jamie Dimon was one of the fiercest critics of Bitcoin, calling it a “decentralised Ponzi scheme” and claiming that only criminals used it.

    Dimon’s comments often shaped how Wall Street viewed the cryptocurrency market.

    But Dimon’s tone has softened in recent years, especially since Donald Trump’s 2024 election win, which brought regulatory changes that have made it easier for banks to engage with digital assets.

    Now, Dimon’s JPMorgan is taking a major step that would have seemed unthinkable just a few years ago.

    The bank’s new program will reportedly allow institutional clients to pledge their Bitcoin and Ethereum holdings as collateral for loans.

    The assets will be held by a third-party custodian, ensuring compliance with existing financial and regulatory standards.

    From doubt to action

    Speculation about JPMorgan’s crypto-collateral plans first emerged earlier this year when the Financial Times reported that the bank was exploring such a move, potentially by 2026.

    At the time, scepticism ran high. Dimon’s long record of dismissing Bitcoin, combined with banks’ cautious approach to regulatory uncertainty, made the plan seem remote.

    However, the landscape has changed rapidly in 2025. With Bitcoin trading above $111,000 and Ethereum nearing $4,000, the digital asset market has reached unprecedented maturity and capitalisation.

    Bitcoin’s market cap has surged to over $2.2 trillion, while Ethereum’s market cap has climbed to nearly $478 billion.

    The rise in these asset prices, combined with increased institutional demand, has made cryptocurrencies more appealing as loan collateral.

    JPMorgan’s initiative will expand on its earlier decision to accept crypto-linked exchange-traded funds (ETFs) as collateral.

    Other banks are also integrating crypto

    JPMorgan’s shift mirrors a broader transformation across the financial sector.

    Morgan Stanley plans to open cryptocurrency access to retail investors through its E*Trade platform in the first half of next year.

    State Street, BNY Mellon, and Fidelity are all expanding their digital asset custody services, while BlackRock recently introduced new mechanisms allowing investors to convert Bitcoin directly into ETF holdings.

    Even long-time sceptics like Standard Chartered have revised their stance, recognising the growing importance of cryptocurrencies in global finance.

    These moves indicate that digital assets are no longer being viewed as speculative outliers but as legitimate components of diversified financial systems.

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  • Crypto update: Bitcoin and Ethereum are stable as market’s focus shifts to US inflation data

    Crypto update: Bitcoin and Ethereum are stable as market’s focus shifts to US inflation data

    Crypto update: Bitcoin and Ethereum are stable as market's focus shifts to US inflation data

    • Crypto markets have entered a holding pattern, with Bitcoin near $108,164.
    • Traders are awaiting a key US inflation (CPI) report due out on Friday.
    • Hopes are rising for a de-escalation in the US-China trade war.

    Cryptocurrency markets have entered a midweek holding pattern, with prices for Bitcoin and other major digital assets remaining relatively flat as traders brace for a pivotal US inflation report and look for signs of a de-escalation in the US-China trade dispute.

    Bitcoin is trading around $108,164, up slightly from Monday but still down 2% for the week. Ether is changing hands near $3,815.

    The stabilization reflects what the analytics firm QCP Capital has described as a “narrow-range equilibrium,” a period of calm before a potential storm.

    A singular focus on the US inflation report

    The market’s primary focus is now firmly on Friday’s Consumer Price Index (CPI) report, the only major US economic data release not delayed by the ongoing government shutdown.

    In a recent note, QCP said the CPI is the “singular anchor” for policy expectations and broader risk sentiment.

    A softer-than-expected reading, the firm noted, could “re-anchor the soft-landing trade” and provide support for Bitcoin as expectations for looser monetary policy improve.

    Hopes are rising for a US-China détente

    Adding to the market’s complex picture are the shifting dynamics of the US-China trade war.

    Sentiment has improved after a weekend of whiplash, in which President Trump first threatened a massive new wave of tariffs only to later soften his stance, stating that “the USA wants to help China, not hurt it.” 

    This has led prediction markets to re-evaluate the risks. Traders on Polymarket now assign a 77% probability that a tariff agreement will be reached by November 10, while the odds of Trump’s threatened 100% tariffs taking effect have fallen to just 16 percent.

    A cleaner slate after a brutal liquidation flush

    This fragile calm comes just days after a brutal market-wide sell-off that saw nearly $20 billion in leveraged positions liquidated.

    That massive flush has reset the market, creating a cleaner slate for macro traders as they head into the crucial CPI event.

    The key question now is whether the “soft landing” narrative will be confirmed by Friday’s inflation data, or if the volatility that has defined the market in recent weeks will be reignited.

    What to watch in the markets

    For Bitcoin, analysts at Standard Chartered have noted that while sellers are limiting any immediate breakout potential, a dip below $100,000 could represent a “last chance to buy” before the next major leg higher.

    For Ethereum, the picture is more divided.

    A recent $650 million transfer by the Ethereum Foundation triggered a wave of profit-taking and liquidations, leaving analysts split between a potential breakout toward $5,000 and a possible slide toward $2,850 if the key support level at $3,470 fails to hold.

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  • Crypto wrap: Bitcoin’s sharp fall drags Ethereum, XRP, Solana and BNB lower

    Crypto wrap: Bitcoin’s sharp fall drags Ethereum, XRP, Solana and BNB lower

    Bitcoin Price Dump

    • Bitcoin slides below $104K as crypto sell-off deepens.
    • $1B in crypto liquidations hit traders within 24 hours.
    • Aave, Flare, BCH sink; Jito jumps on a16z investment.

    The cryptocurrency market has extended its unstable week with a broad sell-off, erasing gains from earlier in the period amid Bitcoin’s slump to under $104,000.

    Meanwhile, the global cryptocurrency market capitalization dropped by more than 3% to $3.5 trillion – before a slight recovery as Bitcoin reclaimed the $107,000 level.

    CoinGlass data showed the global crypto liquidations jumped to over $1.04 billion in 24 hours, with longs suffering the most pain.

    Open interest was down 3.8% to $150 billion as Ethereum, XRP, Solana, and BNB all retested, and in some cases, dropped below key levels.

    Bitcoin slumps to $103,598

    Bitcoin led the market’s steep drop on Friday, October 17, 2025. While the sharp decline was not as bloody as the annihilation seen on Oct. 10, the fall to lows of $103,500 marked another big swing for BTC.

    The benchmark digital asset had partially recovered to highs of $106,600 at the time of writing.

    However, the slump injected fresh fears into a market that witnessed a historic $19 billion liquidation event a week prior.

    Notably, Bitcoin’s dump came amid investor jitters across Wall Street following bad loans news from two US regional banks.

    A spooked market reacted lower, and BitMEX co-founder Arthur Hayes shared his view on what that could mean.

    ETH, XRP, SOL and BNB mirror BTC’s woes

    Bitcoin hogged headlines for its sharp drop, with an intraday range of $109,260 and $103,598. However, the rot was widespread and Ethereum, XRP, Solana and BNB all shed a significant portion of recent gains.

    Specifically, Bitcoin’s woes that aligned with major ETF outflows saw Ether price drop to under $3,680.

    This extended the decline below the key support level of $4,000, although bulls hovered near $3,800 at the time of writing.

    Crypto analyst Lark Davis said Ethereum is poised at a make-or-break level.

    Elsewhere, XRP price fell more than 4% to lows of $2.20, well off key support of $2.50 and the psychologically important $3.00.

    Ripple’s acquisition of treasury firm GTreasury and reported $1 billion raise for XRP could be key to bullish sentiment.

    Solana, which traded around $182, had declined nearly 5% as it touched lows of $174 to inject fresh bearish sentiment below the critical $200 mark.

    The market also saw BNB, one of the top performers in the past months, suffer more profit-taking as the price touched lows of $1,024. BNB hit its all-time high of $1,370 on Oct. 13.

    Aave, Flare, Bitcoin Cash among top losers

    As the top altcoins mirrored the BTC downturn, with losses on Wall Street catalyzing the dump, Aave, Aster, Flare and Bitcoin Cash emerged as some of the top losers on the day.

    Notably, AAVE was down 13%, ASTER -10%, FLR -9.7% and BCH traded -8% to lead underperformers among the 100 largest coins by market cap.

    Earlier in the day, Zcash fell below $190 amid a 20% dip before a slight rebound pushed ZEC above $216. The privacy coin’s value was 7% down in the past 24 hours.

    Ethena, ZORA and Jito were among the top gainers, with Jito benefiting from bullish news related to a $50 million investment by a16z.

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  • Bitcoin, Ethereum rebound following ‘largest single-day wipeout in crypto history’

    Bitcoin, Ethereum rebound following ‘largest single-day wipeout in crypto history’

    Bitcoin, Ethereum rebound following 'largest single-day wipeout in crypto history'

    • The crypto market suffered its “largest single-day wipeout in crypto history.”
    • Nearly $20 billion in liquidations were triggered on Friday alone.
    • The crash was sparked by President Trump’s new tariff threats against China.

    It was a brutal and historic bloodbath, a sudden and violent purge that resulted in what one analyst has called “the largest single-day wipeout in crypto history.”

    A promising “Uptober” rally was brought to a catastrophic halt on Friday as a geopolitical bombshell from the White House sent a shockwave of fear through the global markets, triggering a cascade of liquidations that erased nearly $20 billion from the digital asset space in a single day.

    The carnage was swift and merciless. Over a harrowing seven-hour period, Bitcoin plunged from the relative safety of $121,000 to a grim low of $109,000.

    The pain was felt across the market, with Ethereum dipping to $3,686 and Solana touching just above $173.

    But the real story was in the leveraged positions that were being systematically annihilated.

    The volatile session triggered a “flash crash of liquidations,” wiping out almost 7 billion across all markets within a single hour, with a staggering 5.5 billion of that coming from bullish long positions, Sean Dawson, head of research at Dervie, told Decrypt.

    By the time the dust settled, the majority of the day’s nearly 20 billion in liquidations—a colossal 16.7 billion—had come from longs, according to CoinGlass data.

    The presidential spark: A tariff threat ignites a firestorm

    This was not a crypto-specific crisis; it was a contagion of fear sparked by the highest office in the United States.

    The sell-off across both crypto and traditional markets followed President Trump’s stunning announcement that he was canceling a planned meeting with Chinese President Xi Jinping and had ordered a “massive increase” in tariffs on Chinese imports.

    The threat, which Trump himself acknowledged could be “potentially painful” for Americans, immediately sent risk assets into a tailspin.

    The tech-heavy Nasdaq dipped 3.6 percent, the S&P 500 fell 2.7 percent, and the Dow dropped 1.9 percent, a clear sign that the market was taking the president’s words as a declaration of a new and more aggressive phase in the trade war.

    The aftermath: A textbook relief rally

    But just as quickly as the storm descended, a fragile calm began to return.

    By the weekend, China appeared to soften its stance, and a market that had been gripped by panic began to recalibrate, with analysts suggesting the brutal rout may have been a brief, if violent, geopolitical overreaction.

    Now, a powerful rebound is underway. “What we’re seeing is a textbook relief rally,” Dean Serroni, CEO of crypto investment manager Merkle Tree Capital, told Decrypt.

    The recovery has been as swift as the crash was brutal. Bitcoin has surged 5% on the day to retake the $115,100 level.

    Ethereum is leading the charge with an impressive 10.5% jump to $4,138, while major altcoins like Solana, BNB, and Dogecoin are soaring with double-digit gains.

    Serroni explained the powerful bounce as “pure short-covering and mean reversion after the market overreacted to Trump’s tariff bombshell.”

    He pointed to the “thin” selling pressure and the dramatic reset in open interest across derivatives markets, a sign that the carnage was primarily a technical event, a violent purge of “overleveraged derivatives traders” rather than a fundamental shift in the market’s long-term outlook.

    His final verdict was a succinct and powerful summary of a wild and historic week: “This rout was a geopolitical knee-jerk, not a structural break.”

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  • Bitcoin, Ethereum, altcoins tumble after US GDP surprise; $1.1B liquidations hit market

    Bitcoin, Ethereum, altcoins tumble after US GDP surprise; $1.1B liquidations hit market





    Bitcoin, Ethereum, altcoins tumble after US GDP surprise; $1.1B liquidations hit market – CoinJournal



































    Crypto markets stay defensive after a $1.7B selloff; Bitcoin, Ethereum, and Dogecoin struggle to regain footing.

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  • Crypto update: Why Bitcoin is stalling while Ethereum eyes a breakout

    Crypto update: Why Bitcoin is stalling while Ethereum eyes a breakout

    Crypto update: Why Bitcoin is stalling while Ethereum eyes a breakout

    • A major split is emerging between Bitcoin and Ethereum in the market.
    • Bitcoin is acting as a macro hedge, holding steady around $112,000.
    • Traders are actively positioning for upside in Ethereum, eyeing $5,000.

    A profound and telling split has fractured the cryptocurrency market.

    Bitcoin, the long-reigning king, has settled into a stoic holding pattern, a defensive fortress against the gathering storms of macroeconomic uncertainty.

    But the real action, the aggressive positioning for explosive growth, is happening in a different court.

    A great rotation is underway, and traders are increasingly placing their bets on a new champion to lead the charge into September: Ethereum.

    The fortress: Bitcoin as a macro hedge

    Bitcoin is currently stuck in consolidation, trading near $112,000. But its lack of upward momentum is, paradoxically, part of its emerging narrative.

    It is increasingly being treated not as a speculative growth asset, but as a steady macro hedge, a digital counterpart to gold.

    This view is being driven by the deep uncertainty emanating from Washington.

    In a recent note, QCP Capital wrote that persistent doubts about the Federal Reserve’s independence are keeping risk premiums elevated, a dynamic that weakens the dollar and directly supports hedges like Bitcoin and gold.

    The options market tells a similar story of defense.

    Flowdesk reported muted implied volatility in Bitcoin, suggesting traders are positioning for stability, not a breakout.

    The skew remains negative, meaning puts are expensive—a clear sign that the market is paying a premium for downside protection.

    The spearhead: Ethereum as the engine of ascent

    While Bitcoin holds the defensive line, Ethereum is being positioned as the market’s spearhead. This is where traders see the real potential for a September breakout.

    The data is clear: ETH risk reversals have recovered sharply from their recent selloff, indicating a renewed and aggressive demand for upside exposure.

    Prediction markets are validating this theme with real-money bets. Polymarket sentiment shows traders expect Bitcoin to remain capped near $120,000, while giving Ethereum a strong chance of breaking the coveted $5,000 mark.

    This view is consistent with its powerful 20 percent rally over the past month and the surging institutional interest being funneled through ETF inflows.

    The widening rebellion

    This rotation is not just a two-horse race. The renewed appetite for risk is broadening, with capital flowing into a wider array of altcoins. Solana (SOL) options have seen a surge in activity, with flows heavily skewed to the upside.

    At the same time, spot activity has rotated into so-called “ETH beta” names like AAVE and AERO, as well as “SOL betas” like RAY and DRIFT.

    This is a crucial sign that market breadth is improving, as conviction spreads beyond the majors.

    The market is sending a clear, if complex, signal. The macro chaos is reinforcing Bitcoin’s role as a hedge against inflation and institutional decay.

    But the momentum, the capital flows, and the speculative energy are all gathering in the court of its challenger.

    The stage is set for a fascinating and potentially volatile September, where the fortress and the spearhead will finally have their mettle tested.

    Market updates:

    BTC: Bitcoin remains in a consolidation phase around the $110,000–$112,000 range, marked by waning short‑term volatility.

    ETH: ETH is trading near $4,400. Its rally is being fuelled by surging institutional interest, especially via ETF inflows, and anticipation surrounding the upcoming Fusaka network upgrade.

    Gold: Gold is trading around record highs, propelled by expectations of an imminent Federal Reserve rate cut (markets now price in about a 92% chance), weakening confidence in Fed independence, and increased demand from conviction buyers like ETFs and central banks.

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