Bitcoin Slips, Weekly ETF Outflows Hit $600M on Macro Jitters: Crypto Daybook Americas

Market Overview - Cryptocurrency prices have declined recently, influenced by a sell-off in equities after major U.S. tech firms Meta and Microsoft increased their AI investment projections, raising concerns about overspending [1] - Bitcoin (BTC) saw a minor decrease of 0.3%, trading around $110,000, while ether (ETH) fell by 1.3% to approximately $3,840 [2] Interest Rates and Economic Indicators - The European Central Bank is pausing its rate-cutting cycle, while the Federal Reserve indicated that an interest-rate cut in December is not guaranteed [3] - The perceived odds of three U.S. rate cuts this year have decreased from 86% to 64% [3] ETF Flows and Investor Sentiment - Crypto exchange-traded funds (ETFs) experienced negative flows, with spot bitcoin ETFs seeing outflows of $600 million and ETH ETFs registering $184.3 million in outflows this week [3] - The Fear & Greed Index has moved deeper into "fear" territory, indicating increased investor caution [4] Company Performance - Coinbase reported third-quarter earnings that exceeded expectations, with revenue of $1.9 billion and confirmation that its layer-2 network, Base, is now profitable due to higher ETH prices and increased transaction volume [4] Market Positioning and Future Outlook - Bitcoin traders are focusing on income strategies within the $105K–$115K range, indicating a cautious approach [5] - Market sentiment is expected to remain sensitive to macroeconomic data releases, including Federal Reserve commentary and inflation reports, as well as the resolution of the ongoing government shutdown [5]