Bitcoin surged past $115,000 in the 10th week of October, driven by softer-than-expected U.S. CPI data and improved Sino-U.S. relations. The market rebound was bolstered by ETF inflows and short covering, with the DeFi and AI sectors leading the recovery. The VIX dropped to 16, Treasury yields fell, and the S&P 500 gained 1.9%.
Stablecoin supply saw its first increase since September, reflecting renewed market confidence. Perpetual futures markets reported positive funding rates, signaling capital inflow. Institutional moves included JPMorgan accepting BTC and ETH as collateral and Coinbase's acquisition of EchoDot for portfolio management.
Bitcoin Surges Above $115,000 Amid Softer CPI and Sino-U.S. Thaw
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