The crypto market is up today. After sitting on the boundary between appreciation and drop yesterday, unchanged over the previous day, the cryptocurrency market capitalisation saw the green prevail, rising 2.2% over the past 24 hours. It now stands at $3.12 trillion. Also, 90 of the top 100 coins posted price increases. The total crypto trading volume stands at $128 billion. TLDR: Crypto market cap is up 2.2% on Wednesday morning (UTC); 90 of the top 100 coins and 9 of the top 10 coins have gone up; BTC ...

Hyperliquid (HYPE) is the top daily gainer among the 100 largest cryptocurrencies, rising by double-digits over the past 24 hours. The move comes amid a broader market recovery that has lifted the total crypto market capitalization by nearly 1%. However, recent data suggests an unexpected potential catalyst that may be supporting HYPE’s price: Silver. HYPE Leads Top 100 Crypto Gainers Amid Spike in Silver Trading Activity BeInCrypto Markets data showed HYPE has been trending upwards since Monday. The a ...

Meanwhile, Fundstrat managing partner Tom Lee argued crypto fundamentals remain intact despite recent underperformance and that BTC and ETH could surge when the gold and silver rally begins to cool.Investors across markets await a fresh batch of tech earnings reports coming from the US, as well as the decision by the US Federal Reserve on interest rates. It remains to be seen how – if at all – these will affect the crypto market specifically.The rest are down 5% and less per coin.Of the red coins, River (RI ...

Market Overview - The cryptocurrency market capitalisation has decreased by 1.6% to $3.24 trillion, with 65 of the top 100 coins experiencing price drops over the past 24 hours [1][2] - Total crypto trading volume is reported at $150 billion [1] Price Movements - Bitcoin (BTC) has fallen by 1.9%, currently trading at $91,799 [2][3] - Ethereum (ETH) is down by 0.5%, now priced at $3,211 [2][3] - XRP has the largest drop among the top coins, down 4.7% to $2.25 [3] - Dogecoin (DOGE) decreased by 1.6% to $0.1483 [4] - Tron (TRX) is the only coin among the top 100 that has appreciated, up 1.1% to $0.2944 [4] Notable Events - The U.S. Department of Justice (DOJ) liquidated 57 BTC forfeited by Samourai Wallet developers [5] - Senator Cynthia Lummis has expressed concerns regarding the liquidation, emphasizing the strategic importance of Bitcoin [6] Federal Reserve Remarks - U.S. Federal Reserve Governor Stephen Miran described the current interest rate policy as "clearly restrictive" and indicated potential rate cuts exceeding 100 basis points in 2026 [7]

Market Overview - The cryptocurrency market capitalization has decreased by 1.2%, currently standing at $3.17 trillion [1][2] - Total crypto trading volume is at $116 billion [1] Price Movements - 86 of the top 100 coins have experienced price declines over the past 24 hours [1][4] - Bitcoin (BTC) has decreased by 1.1% to $90,480 [2][3] - Ethereum (ETH) is down by 0.3%, trading at $3,122 [2][3] - Tron (TRX) has the highest decline among the top 10 coins, falling by 2.1% to $0.2811 [3] - Solana (SOL) has decreased by 1.9%, now priced at $133 [4] - Hyperliquid (HYPE) has seen a significant drop of 6.1% to $28.2, while Internet Computer (ICP) is down by 4.7% to $3.37 [4] Notable Performers - Zcash (ZEC) has increased by 12.8% to $419, and Canton (CC) is up by 9.8% to $0.07446 [4] Market Sentiment and Future Outlook - Market sentiment remains largely in the fear category [2] - Traders are focused on the US Federal Reserve's expected interest rate cut announcement [5] - The US CFTC has launched a pilot allowing Bitcoin, Ether, and USDC to serve as collateral in derivatives markets [5] - Attention is on Bitcoin's $91,000 resistance level, where the 20-day EMA meets a downward trend from last October [6]

Core Viewpoint - A well-known analyst has reduced his year-end price target for Bitcoin (BTC) from $185,000 to $120,000, citing evolving cyclical dynamics despite a strong structural investment case [1][2] Analyst Insights - Alex Thorn from Galaxy Digital highlights factors such as whale distribution, declining interest in BTC-related investments, and competition from gold, AI, and stablecoins as headwinds affecting Bitcoin's price [2] - Charlie Morris from ByteTree expresses cautious optimism, noting that the $100,000 level could serve as a significant support level, although he warns against over-reliance on it [3] - Geoffrey Kendrick from Standard Chartered sees potential in Bitcoin's volatility and suggests a phased dip-buying strategy based on price movements [4] Market Movements - Bitcoin experienced a modest recovery, bouncing back above $103,000 after a significant selloff that saw prices dip below $99,000 for the first time since June [5] - Ethereum's ether (ETH) rebounded nearly 10% from its low, trading at $3,340, although it remains down 6% over a 24-hour period [5] - Altcoins like Hyperliquid (HYPE) and Zcash (ZEC) led the recovery with gains of 6% and 10%, respectively [6] - Crypto-related equities showed slight gains, with Coinbase (COIN) up 1.9% and MicroStrategy (MSTR) up 1.4% [6]

Market Overview - The cryptocurrency market capitalization has increased by 1.3%, now standing at $3.8 trillion, with total trading volume at $190 billion [1][2] - 80 of the top 100 coins have appreciated over the past 24 hours, indicating a positive market trend [1][4] Top Performers - Bitcoin (BTC) has risen by 1.7% to $109,789, while Ethereum (ETH) is up by 0.3% to $3,875 [2][3] - Binance Coin (BNB) saw the highest rise among the top coins, increasing by 3.2% to $1,103 [3] - ChainOpera AI (COAI) recorded the most significant increase among the top 100 coins, appreciating by 70.4% to $13.96 [4] Market Sentiment and Trends - The market sentiment remains within the fear zone, with signals of 'demand exhaustion and fading momentum' [2] - Recent outflows from US BTC and ETH spot ETFs amounted to $101.29 million and $18.77 million, respectively [2] - Investors are awaiting the US consumer price index (CPI) report, which may influence near-term market direction [6] Notable Declines - Zcash (ZEC) experienced the largest decline, dropping by 9.8% to $243.46, followed by Provenance Blockchain (HASH) with a 6% decrease [5] - The market has seen renewed volatility, particularly after a $19 billion wipe-out in leveraged positions, leading to increased caution among investors [5] External Factors - The Bank of Korea has kept its benchmark interest rate unchanged, which may impact market dynamics in South Korea [7]

Core Insights - MetaMask is expanding its offerings by integrating perpetual swaps trading and planning to add Polymarket prediction markets to its platform [1][2] Group 1: New Features and Integrations - The Polymarket integration will allow users in approved regions to access onchain prediction markets directly within the MetaMask app, enabling bets on real-world outcomes without losing asset custody [2] - MetaMask has launched perpetual futures trading within its app, supported by Hyperliquid, a decentralized derivatives protocol, which is a significant addition to the wallet [3][4] - Perpetual contracts, which do not expire, account for approximately 75% of all crypto trading volume, with Hyperliquid processing $275 billion in trading volume last month [4] Group 2: User Engagement and Rewards - MetaMask is set to introduce a points-based rewards program by the end of the month, which will be linked to user activity and lead up to a future token launch [5] - The rewards program will encompass trading, referrals, and the use of the MetaMask card, offering benefits such as fee discounts and token allocations [6] - In the initial phase, $30 million in native tokens of Linea, an Ethereum layer-2 network, has been allocated for the rewards program, which will connect to the upcoming token [6] Group 3: Recent Developments - MetaMask has launched its own stablecoin, MetaMask USD (MUSD), in collaboration with Stripe's Bridge and M0, achieving over $100 million in supply within a month [7]

Core Insights - The rally in exchange tokens is driven by stronger institutional demand and regulatory clarity, indicating a shift beyond short-term hype [1][7] - Centralized exchanges (CEXs) face competition from perpetual decentralized exchanges (perp DEXs), raising questions about their ability to maintain market share [1][6] Market Dynamics - The trading volume for Aster reached over $100 billion in the past week, indicating significant activity in the perp DEX market [3] - Hyperliquid has established itself as a leader among perp DEXs, showcasing a hybrid model that combines features of both CEXs and DEXs [4][5] Institutional Interest - Institutional investors have shown renewed interest in exchange-based crypto tokens, which has positively impacted their performance [7][8] - CEXs continue to dominate in liquidity, fiat on- and off-ramps, and compliance, making them essential for institutional investors [8][13] Hybrid Models - Hybrid models are emerging as a viable path forward, blending the strengths of CEXs and DEXs to address their respective weaknesses [12][14] - Experts agree that the future of trading may involve a combination of CEXs and DEXs, rather than a clear winner [17] Volume Trends - The DEX-to-CEX spot volume ratio has increased significantly, with perp DEXs capturing around 30-35% of the market, indicating a structural change in trading behavior [15][16]

Core Insights - Crypto markets are stabilizing after a significant $1.7 billion liquidation of leveraged positions, with investors shifting focus back to Bitcoin as October approaches, a month historically known for strong performance in the crypto space, referred to as "Uptober" [1][6]. Market Dynamics - Following the $1.7 billion in liquidations, volatility in the market has started to decrease, with traders previously engaging in altcoin speculation, which led to a spike in the altcoin season index to 100 before dropping to 65, indicating a shift away from altcoins [2]. - Bitcoin's market dominance has increased to 57.7%, while Ethereum's share has decreased to 12% but has slightly recovered to 13% [3]. Historical Performance - October has been the best-performing month for Bitcoin since 2013, with average returns exceeding 20%, contrasting with September, known as "Redtember," which is typically Bitcoin's worst month [4][7]. Influencing Factors - Factors influencing the current market include ongoing acquisitions of Bitcoin by entities like Strategy and Metaplanet, significant inflows into exchange-traded funds (ETFs), and a generally bullish investor sentiment [5]. - Upcoming macroeconomic announcements, including a speech from U.S. Federal Reserve's Jerome Powell and Core PCE data on U.S. inflation, are expected to impact market sentiment [5][7]. Future Outlook - If inflation remains stable, it could lead to further rate cuts from the Federal Reserve, potentially increasing liquidity in Q4 and triggering another Bitcoin breakout, which may also initiate a long-awaited altcoin season [6].