0/ Despite the tech stocks' decline, the crypto market had a rally with BTC closing its best month since July.
BTC then retraced at the start of the week of Oct. 25 - Nov. 1 due to the impact od the FOMC meeting.
Big-cap cryptos contributed to the comeback of 1T market cap.
2/ The market is pricing in an 86% probability of 75 bps.
If there are no unexpected moves from the Fed, which means Powell remains hawkish, the market still tends to see volatility with massive short-lived selling pressure right after the press conference.
3/ The recovery then comes in the form of a gradual comeback or immediate bounce.
Investors should prepare for volatility in the upcoming weeks. Notable events in the first eight days of November include payrolls, the US midterm elections, and crypto giants' Q3 earnings reports.
On Halloween, Musk shared a pic of his dog wearing a T-shirt with a Twitter logo, which was translated to a "possible @Twitter integration for DOGE" as per crypto Twitter.
5/ DOGE surpassed ADA SOL to be the 8 biggest coin by market cap.
ELON (+81%) soared 200% between Oct. 25-29 but then retraced.
6/ SAND rose 20%+ in the past 7D to reach a 1.3B market cap, making it to the 44 cryptocurrency by market cap on @Coin360com
7/ Halloween Special, a part of Sandbox Alpha Seasons promotion campaign, helped drive the number of visitors to its highest level in more than a month.
Trading volume of metaverse tokens is also near ATL. It's a question if SAND MANA can overcome the bears.
9/ @COIN360com is glad to introduce the beta version of our NFT market visualization!
You can get a quick snapshot of the top NFT collections by volume and customize your view using various data filters, with market data from @Rarible
Try it out now:
10/ Notable news:
@Metas metaverse losses top 9.4B for the year:
Bitcoin miner @Core_Scientific issues bankruptcy warning and the stock is down 97% for the year:
11/ @ArgoBlockchain shares fall 50% as BTC miner faces negative cash flow:
38% of US voters will consider candidates' position on crypto in midterms:
India cenbank to start pilot of digital rupee on Nov 1:
Bankruptcy judge advances probe into whether @CelsiusNetwork operated as Ponzi scheme:
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this twitter thread.