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More →Bitcoin holds at $86,000 as the dollar strengthens and European risks intensify
Bitcoin is currently holding at $86,000, despite a stronger dollar and rising risks in Europe. The U.S. Dollar Index (DXY) reached about 102.5 on Monday, the highest level in nearly 18 months. A stronger dollar typically puts pressure on risk assets, increases the cost of dollar-denominated debt, and reduces the purchasing power of overseas investors. The Federal Reserve's decision in September to raise interest rates by 25 basis points to a range of 3.75% to 4% also supported the dollar's strength. Despite these challenges, Bitcoin still performed strongly in early October.
Bitcoin price holds above $86,000 as market awaits FOMC meeting minutes
Bitcoin price remains above $86,000. The weak September jobs report has ruled out the possibility of a Fed rate hike in October, and the market is now awaiting the FOMC meeting minutes to be released on Wednesday.
U.S. stock Vaxcyte surged more than 85% in premarket trading after the company's pneumococcal vaccine met late-stage clinical trial goals.
According to Bijie News, U.S. stock Vaxcyte surged more than 85% in premarket trading after the company's pneumococcal vaccine met its late-stage clinical trial goals.
Bitcoin's market cap dominance stands at 59.23%.
According to Bijie.com data: Under Bijie.com's unified market methodology, Bitcoin's market capitalization accounts for 59.23% of the total cryptocurrency market capitalization.
Morgan Stanley: U.S. equity valuations pull back, attractiveness of capital goods sector rises
Morgan Stanley strategists said that U.S. equity valuations have fallen sharply since early summer, and with earnings growth still strong, the investment appeal of some market sectors is increasing. The team led by Michael Wilson noted that this pullback has created a "better investment environment" for industries tied to the economic cycle whose fundamental outlook remains solid. Among them, the capital goods sector stands out in particular, with its earnings forecast upgrades ranking among the highest across industries. Wilson said in a report: "After the recent valuation downgrade, some asset-heavy sectors are beginning to look more attractive." Since mid-August, the U.S. stock market rally has slowed. Rising bond yields have offset the boost from a strong earnings season, while the market expects earnings to remain strong. According to Bloomberg Intelligence data, analysts expect third-quarter earnings for S&P 500 constituents to grow 25% year over year.
Cardano ADA leads gains in a narrow-range market
CoinWorld data: Cardano's ADA token is performing strongly in the current narrow-range market, up 10% over the past 24 hours, with its price rising 4% since midnight UTC and now trading above 27 cents, the highest level since May. Meanwhile, market leaders Bitcoin BTC and Ethereum ETH rose 1% and 0.5% respectively. Bitcoin remains locked in the $84,000 to $87,000 price range. The reason for ADA's performance is not yet clear, but it may be related to the "RealFi" product announced on October 1, which allows users to transfer stablecoins into institutional credit with an annual yield of up to 9%. In addition, the network's next major scaling and optimization phase, the Dijkstra era, may also attract capital, and is expected to launch between the end of 2026 and early 2027.
Shiba Inu launches on Solana, opening a second front.
CoinWorld data: Shiba Inu (SHIB) is now live on Solana, giving the Ethereum-originated meme coin a foothold on a network known for meme coin trading. The listing was carried out through Sunrise, a token gateway backed by Wormhole Labs. SHIB's price rose after the listing, gaining 3.89% over the past 24 hours. Despite this, SHIB remains about 93% below its all-time high from October 2021. Solana also announced that Sunrise will serve as a gateway for tokens from other blockchains, relying on Wormhole's native token transfer standard.
BTC perpetual contract open interest totals 15.716 billion USD.
According to CoinWorld data, under the statistical methodology of selected mainstream platforms, the total notional open interest of BTC USDT-margined perpetual contracts is 15.716 billion USD.
Metaplanet adds 1,000 bitcoins, becoming the world's second-largest corporate holder.
According to data from Bijie.com, Metaplanet announced the purchase of an additional 1,000 bitcoins, with a total value exceeding $87 million, making it the second-largest corporate holder of bitcoin in the world.
Plume推出基于Fidelity Total Bond ETF的代币化金库nBND
Plume has launched nBND, a tokenized vault based on the Fidelity Total Bond ETF (FBND). The product provides on-chain allocators with exposure to a fixed-income portfolio that goes beyond short-term Treasury and money market assets.