Bitcoin Hits $35K; SBF Digs Himself Deeper & Exciting Altcoin Updates To Follow

Airdrop Audio Beginner BTC +8 more

Key Takeaways

  • Bitcoin’s price hit $35,000 for the first time since May 2022. This move was justified.
  • The cause of this rally was multifaceted. Arguably, the main driver was the market becoming more confident that the SEC will approve its first spot bitcoin ETF.
  • Ethereum’s next major upgrade will definitely not go live this year. Not a major concern. It will likely go live in Q1 next year.
  • Don’t forget altcoins; Solana’s Breakpoint conference, NEARCON, dYdX and Celestia are live.
  • Join us at the Australian Crypto Convention. Click here for a free ticket.

Important upcoming macro dates:

  • Nov. 1: Federal Reserve decision on interest rates and Fed Chair Powell’s press conference.

Next FOMC meeting and rate probability as per CME FedWatch Tool:

  • In 1 day, there is a 99.6% confidence rate that interest rates will NOT change from 5.25–5.50%.

Truflation snapshot:

  • Today’s U.S. Truflation: 2.39%
  • Latest annual CPI data: 3.7%

00:00 Market
02:30 BTC 35K
08:30 ETF
10:00 SBF
12:34 Ethereum
14:35 Altcoins
18:00 Celestia
19:14 2024 Trends
22:00 Solana
25:20 Stablecoins

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