President Donald Trump wants the Federal Reserve to slash rates, even to zero. That’s the president wish. Last year, he even made it clear that Jerome Powell was not his ideal chair. Trump wants someone to do as the executive wishes. The hindrance is: The Fed is an independent entity and Powell is data-guided, so the FOMC says. Inflation and how the labor market performs matter more than what politicians desire. In 2026, the Fed might not even slash rates. This was their message in the last meeting. The ...

Core Viewpoint - Bitcoin price predictions are bearish, especially with BTC USD falling below $100,000, raising concerns about MicroStrategy's financial stability and reputation [1][2]. Company Analysis - MicroStrategy, the largest holder of Bitcoin, faces pressure as its net asset value (NAV) fell below 1 when BTC USDT dropped below $100,000, indicating that the company's total assets were less than its Bitcoin holdings [1][2]. - The company's reputation is at stake, with potential accusations of fraud if Bitcoin does not recover, particularly for CEO Michael Saylor [2][3]. - Despite the NAV challenges, MicroStrategy has not sold any Bitcoin, and its Bitcoin NAV is currently valued at $61,487, yielding 26.1% year-to-date [5]. Industry Context - Peter Schiff, a prominent gold advocate, criticizes MicroStrategy's business model, suggesting it is unsustainable and could lead to a sell-off of preferred shares, negatively impacting Bitcoin and related cryptocurrencies [3][4]. - There is a critical support level for Bitcoin at $93,000; if buyers can push prices above $100,000, it may provide relief for MicroStrategy [6].

Market Overview - The crypto market experienced a slight pullback, with Bitcoin dropping from an all-time high of $126,000 to around $121,200, stabilizing near $121,553, leading to over $659 million in liquidations across long and short positions [1] - Ethereum also saw a decline of over 5%, trading below $4,500, while the overall crypto market capitalization decreased by more than 3% in the past day [1] Altcoin Performance - Despite the overall market decline, some altcoins performed well, with one notable coin increasing by 8.8% to $1,356, now trading at $1,306 [1] - BNB Chain's decentralized exchange (DEX) trading volume surged to $6.05 billion on October 7, driven by meme coin activity, particularly PancakeSwap, which handled nearly $4.29 billion in 24-hour volume [2] - BSC-based projects gained attention as Solana meme coins struggled, with coins like PALU, BROCCOLI, CAT, and GIGGLE posting double-digit gains [3] Investment Opportunities - The current market dip may present opportunities for investors looking for the best altcoins to buy before the next upward movement [4]