3 THINGS TO WATCH THIS WEEK ON WALL ST ⚠️

1. U.S. INFLATION DATA
2. FED SPEAKERS
3. BIG BANK EARNINGS

NEW: 💰 Long-term holders now own 76% of Bitcoin's circulating supply (14.859M Bitcoin) 🙌

They're accumulating at a rate of over 50k BTC per month.

This rally today is way beyond the [bitcoin spot ETF] rumor. The rally today is about a flight to quality.

- Larry Fink, CEO of BlackRock 🤩

Crypto Fear and Greed Index 💰

- Index Value : 52
- Sentiment : Neutral
- BTC Price : $28500

🇺🇸 US bonds are experiencing one of the largest sell-offs in their history.

Meanwhile, #Bitcoin has been increasingly cited as an attractive alternative asset among Wall Street veterans, and its recent price performance appears to be reinforcing its value proposition.

🆘🆘🆘 Over $350 million liquidated from the crypto market in the last 24 hour, according to Coinglass.

Public Bitcoin ETF funds received a remarkable $43 million inflow yesterday, equivalent to 10% of the year-to-date total – all within a single day!

Peak Price of Bitcoin Every Year ℹ️

2015: $465
2016: $977
2017: $19,665
2018: $18,344
2019: $12,996
2020: $28,837
2021: $67,617
2022: $47,816
2023: $35,066 (Year to Date)
2024: ???

🟠 Since September 1st:

📈 Bitcoin: +34%
📉 Nasdaq: -8.6%

Choose wisely.

📅 Oct 28, 2023 Summary:

📈 Crypto Options Market Boom:
The value of active bitcoin and ether options on Deribit has reached over $20 billion, showing significant growth in the crypto options market.

💡 Ethereum’s Dencun Upgrade:
Goldman Sachs notes that Ethereum’s Dencun upgrade, set for early 2024, aims to enhance scalability by reducing transaction costs for layer-2 rollups.

👨‍⚖️ Sam Bankman-Fried Testifies:
FTX founder Sam Bankman-Fried testified at his criminal trial, a risky move, as he faces questioning regarding his crypto exchange’s collapse.

📊 Market Insight on GBTC:
FTX’s ownership of Grayscale’s Bitcoin Trust (GBTC) assets is discussed, with analysts speculating on the impact of potential asset sales on the fund’s price.

📈 Bitcoin’s Recent Performance:
Bitcoin’s price has risen 34% since early September, decoupling from Wall Street’s tech-heavy index, with the BTC reward halving on the horizon.

🌐 Trending News:

• Crypto assets under management reach $31.7 billion.
• Standard Chartered-backed Zodia Markets gains registration in Ireland.
• Bitcoin hits all-time highs in Turkey and Nigeria.

NEW: Bitcoin hash rate EXPLODES higher to 545 EH/s

🚨 Unlucky Day!

Just received 20,789 $USDC, spent 1,000 $USDC on $Milk.

But wait, 19,789 USDC gone, thanks to #Unibot Exploiter.

Sold $Milk for 2,194 $USDC, made 1,194 USDC (+120%). 📈

BAM! 2,194 USDC stolen an hour later.

SUMMARY OF FED DECISION (11/1/23) 🗞

1. Fed leaves rates unchanged for second straight time

2. Fed will assess extent of "additional tightening"

3. Tighter credit conditions continue to weigh on economy

4. Fed will "continue to assess additional information"

5. Inflation target remains at 2%

On Coinbase, BTC and ETH account for the majority of volumes, at 36% and 22%, respectively. Altcoins account for just 31% while stablecoins represent 10%.

However, on Korean exchanges, the vast majority of volume comes from altcoins. On Upbit, just 2% of its volume has come from ETH and just 9% from BTC

📊Crypto Price Update:

🔶 Bitcoin (BTC):
$34,634.62 (-2.63%)
🔷 Ethereum (ETH): $1,796.86 (-3.22%)
🔶 Binance Coin (BNB): $229.24 (-0.57%)
🔷 XRP: $0.5995 (-1.74%)
🔶 Solana (SOL): $38.83 (-8.81%)
🔷 Cardano (ADA): $0.3160 (+2.14%)
🔶 Dogecoin (DOGE): $0.0673 (-3.15%)

Please note that these prices are subject to change and should be verified before any financial decisions are made.

🇺🇸 Emerging Market stocks have fallen to their lowest valuation relative to U.S. stocks in 52 years

Bitcoin Ordinals Inscriptions hit second-highest daily record on November 4, triggering spike in number of Bitcoin transactions

Corporate Bond ETFs had an outflow of $9.4 Billion in October, the highest amount in history

Breaking News!

The US government has just made a HUGE move.

They're transferring an enormous amount of Bitcoin - exactly 30,174.703 BTC, which is worth about $1.98 Billion USD, from the funds confiscated from Silk Road.

And guess what?
2,000 BTC ($131.65 Million USD) is heading straight into Coinbase Prime wallet.

Trading pair ETH/USDT 1D

Ethereum (ETH) is going through a correction phase at the moment. It is expected to retrace until it finds support and then bounce back to continue its upward trend. The price is anticipated to find support at either of the mentioned levels. On the other hand, the resistance level is expected to be tested as a potential target.

Buy - $2910.95 / $2647.98
TP - $4071
SL - $2457

Heads up, this is interesting 🤔

Fan tokens are now moving in a different direction from the rest of the market 👇

What major global sports event is happening right now? 🤨