Bitcoin Holds $110K as US CPI and Fed Crypto Summit Drive Market Focus

I. Crypto Market Overview

Key Takeaways

Macro Environment

The US Federal Reserve is expected to cut rates at the end of October, fueling bullish sentiment for Bitcoin and risk assets. Japan is reviewing reforms to allow banks to hold crypto, signaling a shift toward institutional adoption. Institutional investors remain optimistic on Bitcoin, with 67% expecting price gains in the next 3–6 months.

Crypto Market

The crypto market shows mixed performance as Bitcoin trades at $110,149, down 0.67%, while Ethereum is at $3,940, down 1.98%, both pressured by recent ETF outflows and risk-off sentiment. MYX Finance surged 14.3% on strong derivatives activity, Zcash rose 8.3% amid renewed privacy coin interest, and DASH gained 2.1% following network upgrades. Altcoins overall are mixed, with select tokens outperforming on sector-specific catalysts.

Today's Outlook

Key events today include the US Core CPI year-over-year data release, which may drive volatility across crypto markets, and the US Federal Reserve's payment innovation summit, highlighting crypto and stablecoins. Cygnus holds its CGN Token Generation Event, drawing attention from DeFi participants.

Fear and Greed Index

22.00% Annual Percentile

30 Fear

Total Crypto Market Cap

$3.66T

2.68%

Total Market Trading Volume

$172.84B

10.49%

Altcoin Season Index

25.00%

Quarterly Percentile

27 / 100

Total Futures Market Open Interest

3.52B

2.24%

Futures

958.06B

1.22%

Perpetuals

II. Industry Updates

Macro-economic Policies

The US Federal Reserve is widely expected to cut interest rates by 25 basis points at the October 28–29 FOMC meeting, driving bullish sentiment for Bitcoin and risk assets as lower rates increase market liquidity.

Canada's September CPI surprised to the upside at 2.4% year-over-year, above expectations, causing the Canadian dollar to strengthen and increasing volatility in USD/CAD pairs, which may impact crypto-forex trading flows.

The upcoming US Consumer Price Index (CPI) release on Friday is the first since the government shutdown and is expected to show a modest inflation uptick; this data is a key input for the Fed's rate decision and could trigger short-term volatility in Bitcoin and digital asset markets.

Institutional investors remain bullish on Bitcoin, with 67% expecting price appreciation in the next 3–6 months, citing resilient macroeconomic conditions and anticipated Fed easing as drivers for continued capital inflows into crypto.

The USD/CAD exchange rate reached its highest level since April, reflecting diverging inflation trends and central bank expectations, which may influence cross-border stablecoin demand and DeFi liquidity pools.

Cryptocurrency Regulatory Trends

US Senate Democrats and top crypto CEOs will meet this week to revive stalled crypto market structure legislation, potentially impacting regulatory clarity and investor confidence.

Japan's Financial Services Agency is reviewing reforms to allow banks to hold and invest in cryptocurrencies, signaling a major policy shift that could boost institutional adoption.

Canada has introduced a bill to permanently ban new crypto mining facilities, aiming to manage energy demand and signaling stricter regulatory oversight for mining operations.

Japan, Singapore, and Hong Kong are updating stablecoin regulations, with Japanese banks preparing to issue yen- and USD-backed tokens, supporting stablecoin integration into traditional finance.

Kraken UK’s chief has urged the government to accelerate crypto regulation, warning that regulatory delays risk the UK’s fintech competitiveness and could affect market access.

MYX Finance (MYX): MYX surged 16% in 24h to $3.15 with $53M volume, driven by high on-chain derivatives trading and cross-chain collateral upgrades.

Zcash (ZEC): ZEC jumped 9% in 24h to $276, with $755M volume; price momentum fueled by strong support and renewed privacy coin interest.

Dash (DASH): DASH rose 3.7% in 24h to $47.16, trading $237M; increased activity linked to payment network upgrades and masternode incentives.

Smart Money Movements

BlackRock deposited $429 million in Bitcoin and Ethereum to Coinbase Prime within the past 24 hours, including 2,854 BTC ($314M) and 29,639 ETH ($115M), highlighting ongoing institutional accumulation.

SpaceX transferred 2,495 BTC worth approximately $268 million to two new wallet addresses after three months of inactivity, fueling speculation about treasury restructuring or custody changes.

CEA Industries disclosed holding over 500,000 BNB, with a total investment of $435 million and current value at $546.8 million, plus $50 million in cash, underscoring its significant crypto treasury position.

SharpLink increased its Ethereum holdings by 19,271 ETH, purchased at an average price of $3,892 per ETH, bringing its total to 859,853 ETH valued at about $3.5 billion as of October 19, 2025.

XRP investment products saw a $73.88 million net cash inflow last week, with year-to-date inflows reaching $1.96 billion, as whales accumulated and institutional adoption expanded through strategic acquisitions.

Events to Watch

Oct 21 (Tue)

US Core CPI year-over-year data for September releases today; US Federal Reserve hosts a payment innovation summit, focusing on crypto and stablecoins.

Oct 21 (Tue)

Cygnus CGN Token Generation Event (TGE) takes place; QANplatform joins Blockchain for Europe to advance quantum security; Pepeto launches $700K giveaway and 221% staking rewards.

Oct 22 (Wed)

Parcl will unlock 449,726 PRCL tokens, worth about $21,312, representing 0.04% of total supply and 0.10% of market cap.

Oct 23 (Thu)

US Q3 GDP advance estimate releases, a key macro indicator; Meteora MET Token Generation Event (TGE) also scheduled.

Oct 25 (Sat)

Seedli Capital SEEDLI DeFi IDO launches on IXIRPAD, attracting attention from DeFi investors.

Table of Contents

I. Crypto Market Overview

Key Takeaways

Macro Environment

Crypto Market

Today's Outlook

II. Industry Updates

Macro-economic Policies

The US Federal Reserve is widely expected to cut interest rates by 25 basis points at the October 28–29 FOMC meeting, driving bullish sentiment for Bitcoin and risk assets as lower rates increase market liquidity.

Canada's September CPI surprised to the upside at 2.4% year-over-year, above expectations, causing the Canadian dollar to strengthen and increasing volatility in USD/CAD pairs, which may impact crypto-forex trading flows.

The upcoming US Consumer Price Index (CPI) release on Friday is the first since the government shutdown and is expected to show a modest inflation uptick; this data is a key input for the Fed's rate decision and could trigger short-term volatility in Bitcoin and digital asset markets.

Institutional investors remain bullish on Bitcoin, with 67% expecting price appreciation in the next 3–6 months, citing resilient macroeconomic conditions and anticipated Fed easing as drivers for continued capital inflows into crypto.

The USD/CAD exchange rate reached its highest level since April, reflecting diverging inflation trends and central bank expectations, which may influence cross-border stablecoin demand and DeFi liquidity pools.

Cryptocurrency Regulatory Trends

US Senate Democrats and top crypto CEOs will meet this week to revive stalled crypto market structure legislation, potentially impacting regulatory clarity and investor confidence.

Japan's Financial Services Agency is reviewing reforms to allow banks to hold and invest in cryptocurrencies, signaling a major policy shift that could boost institutional adoption.

Canada has introduced a bill to permanently ban new crypto mining facilities, aiming to manage energy demand and signaling stricter regulatory oversight for mining operations.

Japan, Singapore, and Hong Kong are updating stablecoin regulations, with Japanese banks preparing to issue yen- and USD-backed tokens, supporting stablecoin integration into traditional finance.

Kraken UK’s chief has urged the government to accelerate crypto regulation, warning that regulatory delays risk the UK’s fintech competitiveness and could affect market access.

Trending Tokens

MYX Finance (MYX): MYX surged 16% in 24h to $3.15 with $53M volume, driven by high on-chain derivatives trading and cross-chain collateral upgrades.

Zcash (ZEC): ZEC jumped 9% in 24h to $276, with $755M volume; price momentum fueled by strong support and renewed privacy coin interest.

Dash (DASH): DASH rose 3.7% in 24h to $47.16, trading $237M; increased activity linked to payment network upgrades and masternode incentives.

Smart Money Movements

BlackRock deposited $429 million in Bitcoin and Ethereum to Coinbase Prime within the past 24 hours, including 2,854 BTC ($314M) and 29,639 ETH ($115M), highlighting ongoing institutional accumulation.

SpaceX transferred 2,495 BTC worth approximately $268 million to two new wallet addresses after three months of inactivity, fueling speculation about treasury restructuring or custody changes.

CEA Industries disclosed holding over 500,000 BNB, with a total investment of $435 million and current value at $546.8 million, plus $50 million in cash, underscoring its significant crypto treasury position.

SharpLink increased its Ethereum holdings by 19,271 ETH, purchased at an average price of $3,892 per ETH, bringing its total to 859,853 ETH valued at about $3.5 billion as of October 19, 2025.

XRP investment products saw a $73.88 million net cash inflow last week, with year-to-date inflows reaching $1.96 billion, as whales accumulated and institutional adoption expanded through strategic acquisitions.

Events to Watch

Oct 21 (Tue)

Oct 21 (Tue)

Oct 22 (Wed)

Oct 23 (Thu)

Oct 25 (Sat)

III. Phemex Market Focus

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