What to know:
- Bitcoin, in its relentless dance, ascended above $114K, having stumbled through a rocky September like a poet reciting bad haikus.
- Institutional traders cling to BTC’s coattails, though the jobs report looms like a storm cloud-forecasters mutter about delays.
- October and November, historically, are BTC’s favorite months-22% and 46% gains, respectively. Coincidence? Or the universe’s way of saying, “You’re welcome.”
A weekend rally, fierce as a Siberian blizzard, swept into Monday’s U.S. markets. Bitcoin reclaimed $114K, having fallen below $109K last week-a tale as old as time (and central banks).
This surge, dear reader, is no accident. It’s the same macroeconomic symphony-lower rates, gold’s glittering grin, Nasdaq’s jaunty waltz-that’s been playing on loop. And yet, here we are, dancing to the same tune, again and again. 🎶
Bitcoin, Ethereum, XRP, SOL-all leapt 4% in 24 hours. Gold, ever the diva, hit $3,850 an ounce. The Nasdaq? A modest 0.8% gain. Classy, if you ask me. 🌟
Crypto stocks: Coinbase (COIN) +5.7%, Circle (CRCL) +7.7%. Miners? IREN, CIFR, MARA-all bouncing back like a trampoline. Who knew crypto had a spring in its step? 🤸♂️
Paul Howard of Wincent sighs, “Institutional and retail buyers are propping up BTC at $110K… but hold your horses.” A delicate balance, this market-like walking a tightrope while juggling flaming torches. 🔥
The jobs report? A potential lighthouse in the fog. But a government shutdown? Ah, the Fed might have to steer blindfolded. October 28-29? More like October 28-29… and then what? 🤷♂️
October: BTC’s Seasonal Seduction
Joel Kruger of LMAX muses, “Seasonality is about to turn sharply in BTC’s favor.” September’s slump? Forgotten. October’s 22% average return? A love letter. November’s 46%? A marriage proposal. 💍
“Against the backdrop of crypto’s landmark year,” Kruger adds, “seasonal tailwinds could set the stage for BTC to surpass all-time highs.” A poetic vision, yes-but one that smells faintly of hope and caffeine. ☕
Read More
- Trump’s Crypto Bailout: WLFI’s Points Scheme Takes the Stage
- Silver Rate Forecast
- Gold Rate Forecast
- Bitcoin Treasuries: A Tale of Alchemy and Lightning Speed
- TRUMP PREDICTION. TRUMP cryptocurrency
- Brent Oil Forecast
- XRP: The “Security” That’s Not? Bill Morgan Roasts the SEC!
- XRP PREDICTION. XRP cryptocurrency
- FIL PREDICTION. FIL cryptocurrency
- BNB’s Wild Ride: From $700 to $1,000 in a Blink of an Eye! 🤑🚀
2025-09-29 19:33