Macro Signals 2025. Photo by BeInCrypto During the festival season, the crypto markets, much like traditional financial markets, often lean bullish as liquidity improves, sentiment turns optimistic, and traders position themselves for a year-end push. While Christmas-themed tokens might see a spike in this duration, the focus is on altcoins with strong momentum. BeInCrypto has analysed three such altcoins that could note a “Santa” rally within the coming week. MYX Finance (MYX) MYX Finance signaled a p ...

Market Overview - The cryptocurrency market capitalization has decreased by 0.8%, now at $4.23 trillion, with 75 of the top 100 coins experiencing price drops over the past 24 hours [1][2] - Total crypto trading volume is reported at $206 billion, which is higher than the previous few days [1] Price Movements - Bitcoin (BTC) has fallen by 0.5%, currently trading at $121,142, while Ethereum (ETH) has decreased by 1.9% to $4,332 [2][3] - Among the top 100 coins, the highest drop was recorded by Mantle (MNT) at 17.3%, now trading at $2.22, while Dogecoin (DOGE) is the only gainer, appreciating by 0.5% to $0.2481 [4] Market Sentiment and Volatility - Market sentiment remains mostly unchanged within the neutral zone, with many institutional participants maintaining exposure but avoiding significant portfolio expansion [2] - Increased anticipation of significant price movements is noted, with implied volatilities for Bitcoin reaching their highest levels in 30 days, driven by expectations of a 25 basis point rate cut by the US Federal Reserve [5] - A potential upward push in Bitcoin could trigger liquidations of short positions, possibly propelling BTC back toward $125,000 and beyond [5]

Market Overview - The cryptocurrency market capitalization has increased by 0.1%, now at $4.27 trillion, with total trading volume at $180 billion [1] - 60 of the top 100 coins have seen price increases, while 40 have dropped over the past 24 hours [2][4] Price Movements - Bitcoin (BTC) has risen by 0.3% to $121,793, while Ethereum (ETH) has decreased by 0.7% to $4,413 [2][3] - Solana (SOL) is the biggest gainer among the top coins, appreciating 2.1% to $224 [4] - Zcash (ZEC) recorded the highest increase among the top 100 coins, rising by 32.8% to $178.71 [4] Institutional Activity - Bitcoin has reached a new all-time high (ATH) supported by strong ETF inflows and increased mid-tier accumulation [6] - Institutional participation has significantly boosted both price and market activity, with spot volumes hitting multi-month highs as Q4 begins [6] Market Sentiment and Dynamics - The current market sentiment remains neutral, with an active tug-of-war near current price levels leading to potential amplified swings [2][7] - Rising leverage and crowded call positioning indicate growing short-term fragility in the market [2][7] Coinbase Developments - Coinbase has launched staking services for Ethereum and Solana for New York residents, allowing users to earn yields on their holdings [5]

Core Insights - Mantle (MNT) has experienced a significant price surge, reaching an all-time high of $2.84, with a monthly gain of 130% [1][2] - The rally is supported by strong bullish sentiment, evidenced by a 75% increase in daily trading volumes to $840 million and a 14.11% rise in futures open interest to $487 million [2][3] - Analysts maintain a positive outlook, with price targets suggesting further upside potential, including a target of $3.60 [4] Market Performance - MNT has outperformed other altcoins, including BNB, in terms of monthly returns [1] - The price surge is characterized by a textbook breakout from an ascending channel, maintaining support above the $1.90–$2.00 zone [3] - The trading volume accompanying the price increase indicates genuine upside momentum [3] Strategic Developments - Mantle's growth is driven by its expansion into real-world assets (RWA) and the introduction of Tokenization-as-a-Service (TaaS) [5] - The RWA market is currently valued at $26 billion, with projections of trillions by 2030, highlighting the demand for compliant asset tokenization [5] - The launch of the USD1 stablecoin, backed by World Liberty Financial, further supports Mantle's market position, with a market cap of $2.6 billion [5]

Core Insights - The current altcoin season in October is characterized by liquidity flowing into tokens with strong usage, new listings, and technical breaks, with Zcash, Mantle, and SPX6900 being notable examples [1] Zcash (ZEC) - Zcash is trading at approximately $159, reflecting an 18% increase in the last 24 hours, driven by a surge in privacy utility and rising shielded usage [2] - A significant one-day surge of over 60% was recorded last week, indicating heightened interest in privacy features [2] - The ongoing momentum in Bitcoin and privacy sectors keeps ZEC prominent in trading activities [3] Mantle (MNT) - Mantle is currently priced around $2.50, with a 10% increase in the past 24 hours, supported by recent updates including a Bybit rollout and the launch of the UR app [4] - The integration of Ethena's USDe is expected to enhance access and trading volume, contributing to Mantle's stability during this altcoin season [4] - Traders are monitoring whether trading volumes will remain above breakout levels to sustain momentum [4] SPX6900 (SPX) - SPX6900 is trading near $1.53, with a 6.7% increase in the last 24 hours, benefiting from a recent Coinbase listing and overall market strength [5] - The circulating supply is approximately 931 million, indicating a high liquidity level among meme tokens [5] - Analysts note that the price is being supported by ETF inflows and Bitcoin gains, with traders watching key price bands for potential continuation [5][6] Altcoin Season Dynamics - The altcoin season in October is marked by a mix of privacy-driven interest, exchange support, and meme token flows, with ZEC, Mantle, and SPX6900 showing strong performance [7] - The overall market tone is positive, influenced by ETF-related inflows and rising Bitcoin prices, which enhance risk appetite across various altcoin baskets [7]

Market Overview - The cryptocurrency market capitalization has risen by 1.4% to $4.06 trillion, with a total trading volume of $164 billion [5][15] - 90 of the top 100 coins have increased in value over the past 24 hours, including all top 10 coins [4][15] Bitcoin and Ethereum Performance - Bitcoin (BTC) is currently trading at $114,132, having appreciated by 1.4% [3][15] - Ethereum (ETH) is trading at $4,435, up by 2.6% [4][15] - BTC has corrected just 8% from its mid-August all-time high (ATH) of $124,128, indicating a relatively shallow correction compared to previous instances [6][7] Institutional Inflows - US Bitcoin spot ETFs recorded significant inflows of $757.14 million, the highest since mid-July, with nine of the twelve ETFs seeing inflows [10][11] - US Ethereum ETFs also saw inflows of $171.54 million, with eight of the nine funds experiencing positive flows [11] Regulatory Developments - South Korea has lifted a seven-year ban, allowing crypto-related companies to apply for venture capital funding, reflecting the changing global status of the crypto industry [12] Market Sentiment - Despite caution in the market, there is an increase in bullish sentiment, as indicated by the rise in the crypto fear and greed index from 43 to 47 [9][10] - Market participants are awaiting key US inflation data and decisions from the Federal Reserve, which could impact market dynamics [4][12]