News
The day at a glance · 4 min read
Mood · Cautious
+15
Sentiment, −100 to +100
Bitcoin Price
$81,400
Ethereum Support
2,360
Brent Crude
$111
Key driverBitcoin ETFs recorded largest single-day inflows in a month at $527M, driven entirely by BlackRock, while BTC price declined to $81,400 on equity market weakness and Asian chip stock tumbles
Daily briefCrypto & Web3· Money365.Market AI ·

Bitcoin ETFs Draw $527M; JPMorgan Sees 10% Annual Returns

BlackRock leads record inflows as Bitcoin drops to $81,400 amid macro headwinds and equity weakness

Bitcoin & Ethereum

Bearish
BTCETH
01
Bitcoin dropped to $81,400 as Asian chip stocks tumbled and options traders sought downside protection amid a challenging macro environment. Equity weakness could dampen demand for Bitcoin following the biggest ETF inflows in a month, according to market observers.
02ETH
Ethereum (ETH cryptocurrency token) has been consolidating around key technical levels as the negative macro backdrop continues to weigh on the crypto market. The 2,360 support level and trendline remain critical zones where buyers are expected to step in, with a defined risk below the trendline, to target the 3,400 level, while sellers will look for breaks lower to target 1,900 next.
03
Oil prices moved back above the $100 level while geopolitical tensions remained unchanged amid stalled US-Iran negotiations and the ongoing Saudi-Houthi conflict. Brent crude topped $111, adding to inflationary pressures that could force the Federal Reserve into a more hawkish stance, creating headwinds for risk assets.

ETF Flows & Institutional Adoption

Bullish

Bitcoin ETF Inflows

$527M

BlackRock IBIT Inflows

$665.2M

JPM BTC Return Forecast

10%
01
US Bitcoin ETFs (exchange-traded funds) drew $527M in their biggest showing since September, marking the largest single-day inflow in a month.
02
BlackRock's IBIT (Bitcoin ETF) led the gains with $665.2 million in inflows, offsetting withdrawals from Fidelity and Grayscale, while other funds recorded no net flows.
03
JPMorgan included Bitcoin in its long-term capital market outlook for the first time, projecting 10% annual returns that would outperform US stocks, bonds and gold over the next decade. The bank warned that volatility and unstable correlations limit Bitcoin's role in investment portfolios despite the positive long-term outlook.
04
BlackRock filed for a third Bitcoin ETF that would use options to limit potential losses and gains, adding another strategy to its existing Bitcoin and Ether ETF lineup. The proposed fund would offer investors a structured approach with defined risk parameters, though no Solana or XRP products were included in the filing.

Crypto Stocks & Corporate Activity

Bearish

Bitget Hack Amount

$388M
COIN
01COIN▼ -2.72%
Coinbase Global ($COIN) (common stock) faced regulatory action as a Kazakhstan court ordered curbs on the exchange along with BingX and four other platforms. Nine other crypto platforms voluntarily restricted app access in Kazakhstan, prompting the regulator to withdraw its claims against them.
02
Bitget plans to acquire a Thai crypto exchange weeks after suffering a $388M hack, seeking a route into Thailand's crypto market through a locally licensed operator. The proposed acquisition would give the platform regulatory standing in a key Southeast Asian market despite recent security challenges.

Stablecoin & Payments

Bullish

Visa Merchant Locations

175M+
01
JPMorgan's digital dollar is now live, representing the bank's answer to the stablecoin threat in the payments landscape. The offering provides an institutional-grade digital currency alternative as traditional banks respond to the growth of crypto-native payment rails.
02
Visa and Mesh partnered to make crypto and stablecoin balances spendable at 175M+ Visa merchant locations globally. The integration extends previous stablecoin payment buildouts that have assembled rails throughout the year, including Visa Direct moving USDC prefunding into commercial production and Mastercard wiring stablecoin settlement into 130 countries.

Altcoins & Exchange Activity

Bearish

XRP Exchange Inflows (30d)

6B tokens
01
XRP (cryptocurrency token) saw 30-day exchange inflows pass 6 billion tokens as whales moved to the sidelines, according to data from CryptoQuant. More than 6 billion XRP reached exchanges tracked by CryptoQuant in the 30 days to Oct. 19, the most since March, potentially signaling distribution by large holders.
02
Mt. Gox pushed its creditor repayment deadline to 2027 in a sixth extension, as some creditors remain unpaid due to incomplete procedures and payment processing issues. The prolonged process continues to hang over the Bitcoin market as a potential source of future selling pressure when distributions eventually resume.

Looking Ahead

Neutral
01
The most important event this week will likely be the release of the US Flash PMIs on Friday, barring a surprising breakthrough in US-Iran negotiations. If the data disappoints, growth concerns will likely increase and could trigger another selloff in crypto assets, while better than expected data might lead to a short-term relief rally but would reinforce the need for rate hikes.
02
US Jobless Claims figures are scheduled for release on Thursday, providing additional insight into labor market conditions that could influence Federal Reserve policy and risk asset sentiment. Market jitters persist as the AI selloff deepens, with South Korean IPO activity slumping and adding to broader concerns about technology sector valuations.

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