Crypto Market
|
Crypto |
BTC |
ETH |
|
Weekly High |
$ 115,308 |
$ 4,191 |
|
Weekly Low |
$ 107,088 |
$ 3,750 |
BTC and ETH Market Insight
The crypto market showed cautious resilience last week. BTC traded between $106,000 to $114,000, finding steady support around the $107,000 level. ETH spot traded between $ 3,710 to $4,110 The market structure shifted from high leverage to a healthier accumulation phase, with BTC increasingly flowing out of exchanges. On Oct 24, JP Morgan announced plans to accept BTC and ETH as loan collateral for institutional clients by year-end, signaling Wall Street’s acceleration adoption.
Although market sentiment stayed fearful with CMC Fear & Greed index at 34 on Oct 25, it showed recovery from the bottom together with the spot bounce back ahead of the Fed’s October 29 meeting.
Upcoming Macro Calendar - Source: Trading Economics
Options Market
Over the past week, BTC and ETH traded within a narrow range, posting modest gains that signal a constructive market reset. Implied volatility eased alongside declining realized volatility. However, with earnings season and the upcoming Xi-Trump meeting looming, market volatility could spike in the coming weeks. Long-dated BTC option skew continued to favor puts, indicating sustained hedging over bullish sentiment, while ETH exhibited a more optimistic outlook for 2026, with skew leaning toward calls.
Altcoins and Blockchain News
-
Russia's Ministry of Finance and Central Bank agree to legalize cryptocurrency for foreign trade.
- Hong Kong’s first Solana spot ETF, "ChinaAMC Solana ETF," approved.
- Standard Chartered Hong Kong to launch Virtual Asset ETF Trading Services in November.
- Three major Japanese banks to jointly issue JPY and USD pegged stablecoins, Mitsubishi Corp to be the first adopter.
- Mt. Gox repayment deadline is October 31, with the remaining 34,689 BTC possibly entering the market in parts.
- UK plans to establish Stablecoin Regulations by end of 2026, may align with US rules.
- Coinbase launches "Payments MCP," enabling AI agents to directly access crypto wallets and make on-chain payments.
- Hong Kong Securities and Futures Commission: will promote the trading of tokenized funds on virtual asset trading platforms.
- Pave Bank, a cryptocurrency bank, has completed a $39 million Series A funding round, led by Accel.
- Huobi founder Li Lin plans to establish a 1 billion USD Ethereum asset management company.
Macro
The major benchmarks finished a second consecutive week of gains: the DJIA added +2.2%, the S&P 500 +1.9%, and the Nasdaq +2.3%. The Chinese stock market also finished a strong week: the Shanghai Composite Index added +2.88%, the CSI 300 +3.24% and the Hang Seng index +3.62%.
