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: Crypto Daybook Americas

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By Francisco Rodrigues (all time and unless indicated otherwise)

Bitcoin Btc$120,483.36 It may enter a decisive phase as macro forces and specific crypto accumulate.

With the US government’s shutdown and traditional market indicators such as employment reports delayed, entrepreneurs rely on alternative ownership, especially Bitcoin and gold. The BTC rose to $ 120,000 after the 9% rallies this week, while gold rose 2.9% to hold $ 3,900.

Shutdown has fur More than 90% of SEC staff and left the CFTC with a plot staff. The reaction to the closing markets rallies, as investors see the Federal Reserve lowering interest rates by 25 bps later this month as a Close to certainty In an unexpected collapse on US private payrolls and a delay in other basic economic data.

“Businessmen are lacking in immediate catalysts, proven by the constituency following the FOMC meeting, even if gold and equities posted strong gains. However, the broadly trend remains higher as we move to a cutting cycle,” Jake Ostrovskis, head of OTC traders in Wintermute, said Coindesk.

Lower interest rates make risk -owned as cryptocurrencies that are more attractive, and will come in a month where emotion is highly given historical performance.

“October has a history that has become a bullish month for Bitcoin, and early signs suggest this year may be no exception.“Gadi Chait of Xapo Bank says in an email statement.” Far from being a speculation -that outlier, Bitcoin continues to show the ability to oppose the odds and assert itself as a digital possession with staying power. “

On-chain data supports UP. Bitcoin’s apparent demand has grown almost 62,000 BTC per month since JulyAccording to the cryptoquant, the ETFs and whales are driven mainly. For the context, ETF handles climbed 71% in the fourth quarter 2024.

Above it, the crypto-native market continues to grow.

“Last month, part of Defi’s trading activity went up huge, expanding both the market and our chance,” President Dydx Labs Eddie Zhang told CoinDesk.

“A big driver of this shift is the modified energy and participation we see outside of Asia. We believe that Defi is beginning to fulfill the prolonged promise, and the speed of adoption of the market is accelerating in response.”

Looking forward, crypto markets expect other potential catalysts: ETF Decisions for many altcoins Includes Solana and XRP who can be delayed in shutdown, and upgrading Fusaka by Ethereum, which is Slowly approach. Stay alert!

What to watch

For a more comprehensive list of events this week, see CoinDesk’s Crypto’s early weeks.

Crypto
- October 3: Sol Treasury Firm Brera Holdings starts trading under New ticker SLMT in Nasdaq, reflecting the upcoming change of its name to Solmate.
Macro
- October 3, 9 am: S&P Global Brazil Sept. PMI. Composite (Prev. 48.3), Services (Prev. 49.3).
- October 3, 9:30 am: S&P Global Canada Sept. PMI. Composite (prev. 48.4), services (prev. 48.6).
- October 3, 9:45 am: S&P Global US Sept. PMI (final). Composite est. 53.6, Services EST. 53.9.
- October 3, 10 am: US ISM Sept. Services pmi est. 51.7.
- October 3, 1:40 PM: Fed Vice Chair Philip N. Jefferson delivers a speech to “US Economic Outlook and Fed’s Monetary Policy Framework” in Philadelphia.
We are (Estimates based on factset data)

Events with the token

For a more comprehensive list of events this week, see CoinDesk’s Crypto’s early weeks.

Votes and Management Calls
Unlocks
- October 3: Unable to change (IMX) to unlock 1.26% of his circulating -transfer supply worth $ 17.56 million.
Launching a token
- October 3: EvaA Protocol (EVAA) listed in Binance Alpha, Mexc and others.

Conference

For a more comprehensive list of events this week, see CoinDesk’s Crypto’s early weeks.

Token talk

By Oliver Knight

The crypto market rose Friday with tokens including ETH, Sol and XRP all rising by more than 2%, while smaller altcoins such as ETHFI and cakes climbed 25%.
Kamag -Saka Power comes as Bitcoin, the world’s largest cryptocurrency, hit $ 120,000 on Thursday with the purpose of the August record of August up to $ 124,000.
However, unlike the previous forays above $ 120,000, this move is rather masked; At the rest of the price on a tight range compared to a spike in volatility.
These bodies are good for altcoins, which usually perform well when combined with bitcoin as they allow capital to rotate from bitcoin to more speculative bets.
However, the upside down shift has not been kind to a selected some tokens, especially MYX$8.8066which was addressed by a surprisingly 43% decline because of a Quickly avoid Leverage.
The XPL token of plasma, as reported to Daybook of Thursday.

Derivatives positioning

The BTC Futures market remains strong bullish, with an open interest that holds at all times as high as $ 32 billion. The three -month annual basis is also elevated, approaching 8%.
A well -known difference -it exists, however, at funding rates. The derivit rate is superior to 25%, while other exchanges such as Bybit show more neutral funds, suggesting a potential concentration of aggressive long positions in specific areas.
The BTC options market shows a state of neutrality. The 24-hour put-call volume is still slightly dominated by 52.25%, but it has been a reduction from the previous days, indicating a potential moderation of bullish beliefs.
At the same time, the 1-week 25 Delta skew is now essentially flat at 0.33%, which signed a balanced indicated volatility for both puts and calls.
The combination of these metrics suggests a market that organizes a more balanced and hesitant phase after a period of stronger emotions.
Coinglass data shows $ 380 million in 24-hour liquidation, with a 35-65 split between longs and shorts. Binance Liquidation Heatmap indicates $ 121,300 as a level of primary extermination to monitor, in the event of a price increase.

Movements in the market

BTC dropped 0.3% from 4 pm et Thursday to $ 120,378.11 (24hrs: +1.44%)
ETH dropped 0.4% to $ 4,476.43 (24hrs: +2.05%)
CoinDesk 20 dropped 0.55% to 4,297.29 (24hrs: +1.59%)
Ether Cesr Composite Staking Rate does not change to 2.87%
BTC funding rate is at 0.0023% (2.5185% annual) in Kucon

DXY does not change to 97.76
Gold futures reached 0.39% to $ 3,883.00
Silver futures reached 1.87% to $ 47.24
Nikkei 225 closes 1.85% to 45,769.50
Hang Seng closed 0.54% to 27,140.92
FTSE reached 0.63% to 9,486.91
Euro Stoxx 50 reached 0.16% to 5,654.70
DJIA closed on Thursday up to 0.17% to 46,519.72
S&P 500 closed 0.06% to 6,715.35
The Nasdaq Composite closed 0.39% to 22,844.05
The S&P/TSX Composite closed 0.18% to 30,160.59
S&P 40 Latin America closed 0.42% to 2,893.79
US 10-year Treasury Rate dropped 0.2 bps to 4.088%
E-Mini S&P 500 futures are up to 0.27% to 6,785.25
E-Mini Nasdaq-100 Futures reached 0.28% to 25,180.75
The E-Mini Dow Jones Industrial Average Index is up to 0.28% to 46,937.00

Bitcoin stats

BTC Dominance: 58.79% (Unchanged)
Ether in bitcoin ratio: 0.03722 (unchanged)
Hashrate (seven-day average move): 1,059 eh/s
HASHPRICE (spot): $ 50.69
Total Fees: 4.14 BTC / $ 495,121
CME Futures Open Interest: 141,485 BTC
BTC that is priced at gold: 31.2 oz
BTC vs Gold Market Cap: 8.81%

Technical analysis

Ether deviates back to the weekly scope after tapping the 100-day exponential transfer of average (EMA) to the daily chart and is now trading at a level of $ 4,500.
While the price traded above all the major EMAs in the sun, it is currently within a bearish day -day block block, a place of interest for a potential pullback.
Bulls want to see a rest above this level followed by a successful retest to target scope scope and, ultimately, all the time high.

Crypto equities

Coinbase Global (coin): closed on Thursday at $ 372.07 ( +7.48%), +0.36% at $ 373.42
Circle Internet (CRCL): closed at $ 149.72 (+16.04%), -0.68% at $ 148.70
Galaxy Digital (GLXY): closed to $ 36.52 ( +1.93%), +0.77% at $ 36.80
Bullish (BLSH): closed at $ 67.91 (+11.68%), -0.6% at $ 67.50
Mara Holdings (Mara): closed at $ 18.79 ( +0.97%), +0.85% at $ 18.95
Riot Platform (RIOT): Closed at $ 19.25 ( +1.69%), +0.73% at $ 19.39
Core Scientific (Corz): closed to $ 18.1 (+0.72%)
CleansPark (CLSK): closed to $ 15.14 ( +3.77%), +1.52% to $ 15.37
Coinshares Valkyrie Bitcoin Miners ETF (WGMI): closed to $ 46.49 ( +3.15%), +0.56% at $ 46.75
Exodus Movement (EXOD): Closed at $ 30.86 ( +9.01%), +0.42% at $ 30.99

Crypto treasury companies