Crypto |
BTC |
ETH |
Weekly High |
$ 125,361 |
$ 4,608 |
Weekly Low |
$ 111,905 |
$ 4,096 |
The crypto market had a strong week amid the global risk-on sentiment. BTC spot price reached 123,000 for the first time since August and reached all-time-high 125,700. BNB spot price reached new all-time-high 1,192. With the strong price performance, spot BTC ETF saw $2.3B in net inflows in the week, which is the best weekly figure since August, pushing year-to-date totals to $39.6B. MicroStrategy added 196 BTC on September 29, bringing holdings to 640,031 BTC. Regulatory talks at the SEC/CFTC roundtable (Sep 29) focused on better coordination. Over 30 altcoin ETF filings (e.g., SOL, XRP) flooded the SEC post-new listing rules.
Upcoming Macro Calendar - Source: Trading Economics
The market kicked off ‘Uptober’ on a bullish note, with BTC targeting a new all-time high. ETH closely tracked BTC’s upward move, maintaining a stable ETH/BTC ratio for the week. ETF net inflows remained consistently positive for both assets throughout the week. Implied volatility at the front end dipped as realized volatility declined. The skew moderated as the rally lifted market sentiment. Implied funding rates from perpetuals also signaled a robust long position in the market.
The major benchmarks finished the week with solid gains: the DJIA added +1.1%, the S&P 500 +1.1%, and the Nasdaq +1.3%. The Chinese stock market also rose in the National-holiday shortened week. The stock market will close from Oct.1 to Oct.8 and resume on Oct.9.
Share
Amber Group
Amber Group
Amber Group
Amber Group