Posts
avatar

Good Evening Legends! 🔥 Before my GN, today's crypto highlights: - Citi raised its 2027 Bitcoin target to $113,000 from $82,000, citing a supportive macro backdrop, gradual advisor allocation and about $5 billion of ETF inflows over 12 months. - Bitcoin ETFs saw $148 million of outflows on Wednesday, ending a nine-day inflow streak, though September still closed with $2.65 billion of net inflows. - Bitcoin closed the third quarter up 39.6%, outperforming gold, silver and the S&P 500. - October has historically been strong for Bitcoin, with 11 of the past 16 Octobers finishing in the green. - 42 Macro's founder says Bitcoin deserves a portfolio allocation because it is a different exposure than both stocks and gold. - NEAR Intents lost $3.8 million to an exploit in its Omni deposit and withdrawal system; the bug is fixed and affected funds will be fully compensated. - The Dutch Senate withdrew a 36% tax on unsold Bitcoin and crypto over fears of an investor exodus, while gains on self-custody Bitcoin are still taxed at 36%. - Illinois delayed its 0.2% tax on Bitcoin and crypto buys, sales and transfers by six months, with a judge's ruling still pending. - US initial jobless claims came in at 197,000 against 201,000 expected, which together with cooler PCE inflation keeps the door open for Fed easing. - US ISM Manufacturing came in at 54.5 in September, below the 55.0 expected, while prices paid jumped to 77.9, leaving the Fed room to ease slowly.

This content is for informational and educational purposes only. It may include third-party insights, sponsored content, or promotional material for which the creator may receive compensation. Nothing in this feed constitutes investment advice or a guarantee of returns. You are solely responsible for your own investment decisions. Always conduct your own research and exercise caution before trading. We do not guarantee the accuracy of third-party information and are not liable for any losses incurred. Past performance is not indicative of future results. Please refer to our Community Terms and Risk Disclosure Statement for details.

avatarPost your reply

Comment