Crypto |
BTC |
ETH |
Weekly High |
$ 115,934 |
$ 4,277 |
Weekly Low |
$ 104,778 |
$ 3,709 |
The past week was marked by continued volatility in the cryptocurrency market, following the historic flash crash on October 10–11 triggered by renewed U.S.-China trade tensions under President Trump. BTC continued with weak performance after a short rebound. Spot BTC price dipped to lowest 103,530 on Friday. CMC crypto fear and greed index (lower means more fear) has been sub 40 for the most of the past week and reached the lowest level 25 during the weekend, which reflects the worst market sentiment since April this year. Total BTC ETF outflows last week reached ~$1.78B, while ETH saw a mixed bag totaling ~$162M net outflows. The market now focuses on the Fed meeting on Oct 29 and the upcoming XRP ETF decisions.
Upcoming Macro Calendar - Source: Trading Economics
Following last weekend's leverage flush, volatility remained elevated. Market sentiment stayed relatively sour, as a brief rebound was swiftly overtaken by persistent selling pressure. Implied volatility showed little change, while realized volatility stabilized. The front-end put skew continued to rise amid prevailing demand for downside protection. Long-term skew still reflected a more bullish outlook for ETH compared to BTC, echoed by the ETH/BTC ratio's rebound from its low of 0.032 during the crash.
The major benchmarks recovered from the sharp sell-off prior week: the DJIA added +1.6%, the S&P 500 +1.7%, and the Nasdaq +2.2%. The Chinese stocks closed lower for the week because of the increasing trading tensions with the United States: the Shanghai Composite Index lost 1.47%, the CSI 300 -2.2% and the Hang Seng index lost 3.97%.
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Amber Group
Amber Group
Amber Group