🎧 LISTEN: Will altcoins rally this Uptober on potential ETF approvals?@savannah_fortis joins @LowBeta_ and @JSeyff to unpack what the SEC’s next move.https://t.co/NBw4lVMOVi ...

Market Performance - Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) have shown significant gains, with SOL increasing by 6.3% to $220, DOGE climbing 7.7% to $0.245, and ADA gaining 6.6% to $0.84, while the broader crypto market capitalization rose by 3.3% [1] - Bitcoin surpassed $117,000 for the first time in nearly two weeks, gaining nearly 4% since the previous day, while Ethereum increased by 5% and topped the $4,300 mark [4] Government Shutdown Impact - The U.S. Congress failed to approve a continuing resolution, leading to a potential government shutdown, which analysts suggest could increase volatility in crypto markets, although some view any dip as a temporary buying opportunity [2] - Analysts from Bitunix indicated that a prolonged shutdown could delay data releases, suppress consumption and investment, and heighten concerns about slowing growth, which may lead to expectations for looser monetary policy [3] Federal Reserve Outlook - A prediction market indicates that 74% of users believe the Federal Open Markets Committee (FOMC) will approve a 25-basis point cut at its next meeting [4] - The upcoming FOMC meeting at the end of October will consider adjustments to federal interest rates, which typically support risk-on assets like equities and crypto [3] ETF Developments - Analysts are confident about the approval of ETFs linked to assets like Solana, which has positively impacted Solana exchange-traded products [5] - The Rex-Osprey SOL + Staking ETF, launched in July, has attracted $21.5 million in inflows this week, bringing its total assets under management to $349 million [6]

What’s driving markets more in 2025?▫️ #Fed decisions▫️ ETF approvals▫️ On-chain growth▫️ Memecoin hype ...

Market Trends & Historical Performance - Since 1950, September has historically been the worst month for the S&P 500, averaging -06% returns [1] - Bitcoin has also struggled in September, with 7 out of the last 10 Septembers closing red, averaging -5% to -7% losses [1] - Historically, September is considered a caution month for both Wall Street and crypto traders [2] - November and December are historically among the best-performing months of the year [2] Correlation & Potential Catalysts - The correlation between Bitcoin and the S&P 500 is around 03-06, indicating that crypto tends to follow stock market trends [1] - Potential crypto catalysts like ETF approvals, halving cycles, or major adoption could potentially reverse the historical September trend [2] Future Outlook - The market anticipates a potential US stock market rally in Q4, which is generally bullish for the crypto market [2] - The industry is questioning whether 2025 will repeat historical cycles or if crypto will finally decouple from traditional markets [3]