{"id":51932,"date":"2025-10-09T12:02:40","date_gmt":"2025-10-09T12:02:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=51932"},"modified":"2025-10-09T12:02:40","modified_gmt":"2025-10-09T12:02:40","slug":"btc-erases-wednesdays-spike-jpm-warns-of-stock-crash-crypto-daybook-americas","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=51932","title":{"rendered":"BTC Erases Wednesday&#8217;s Spike, JPM Warns of Stock Crash: Crypto Daybook Americas"},"content":{"rendered":"<div>\n<p>By Omkar Godbole (All times ET unless indicated otherwise)<\/p>\n<p>After a brief rebound on Wednesday, BTC and the broader crypto market slipped back into the red on Thursday \u2014 despite the Fed minutes showing a bias towards more rate cuts. The CoinDesk 20 Index (CD20) also fell over 1% to 4,163 points. <\/p>\n<p>What\u2019s behind the fresh stumble? Much of it likely comes down to the steady strength in the dollar index (DXY), which continues to dim the appeal of USD-denominated assets, including crypto.<\/p>\n<p>Meanwhile, the U.S. government shutdown drags on, leaving traders in a holding pattern as they anxiously await Fed Chair Jerome Powell\u2019s speech later Thursday for hints on policy direction, especially with fresh jobs and inflation data temporarily on pause.<\/p>\n<p>In global news, early Thursday brought a glimmer of hope as President Trump announced a peace deal between Israel and Hamas with potential hostage releases by Monday, confirmed by Qatar media. Still, oil prices nudged slightly above $62, suggesting traders remain cautious about the durability of the agreement.<\/p>\n<p>On the crypto front, solana (SOL) digital asset treasury company Helius disclosed plans to acquire at least 5% of Solana&#8217;s supply, Coinbase launched decentralized exchange (DEX) trading within its app for U.S. users (except in New York), and Polymarket\u2019s founder teased a possible launch of their native token, POLY.<\/p>\n<p>Switching gears to traditional markets, gold held strong above $4,000, defying the dollar\u2019s rally, while S&amp;P 500 futures hovered flat near record highs. Jamie Dimon, chief executive of JP Morgan, told the BBC he is \u201cfar more worried than others\u201d about the possibility of a major stock market drop in the coming months. <\/p>\n<p>Stay alert!<\/p>\n<h2><strong>What to Watch<\/strong><\/h2>\n<p>For a more comprehensive list of events this week, see CoinDesk&#8217;s &#8220;<a href=\"https:\/\/www.coindesk.com\/markets\/2025\/10\/06\/u-s-government-shutdown-uk-etns-hedera-upgrade-crypto-week-ahead\">Crypto Week Ahead<\/a>&#8220;.<\/p>\n<ul>\n<li>Crypto\n<ul>\n<li>Oct. 9, 11:30 a.m.: Casper (CSPR) Core Team is <a href=\"https:\/\/x.com\/Casper_Network\/status\/1975155095743697319\">hosting<\/a> an Execution Engine monthly update via Google Meet.<\/li>\n<li>Oct. 9, 12 p.m.: <a href=\"https:\/\/cronos.org\/\">Cronos<\/a> (CRO) team is <a href=\"https:\/\/x.com\/cronos_chain\/status\/1971107408908070947\">hosting<\/a> an AMA on X.<\/li>\n<\/ul>\n<\/li>\n<li>Macro\n<ul>\n<li>Oct. 9, 8 a.m.: Brazil Sept. headline inflation rate YoY Est. 5.22%, MoM Est. 0.22%.<\/li>\n<li>Oct. 9, 8 a.m.: Mexico Sept. inflation rate. Headline YoY Est. 3.79%, MoM Est. 0.27. Core YoY Est. 4.28%, MoM Est. 0.32%.<\/li>\n<li>Oct. 9, 8:30 a.m.: U.S. Jobless Claims. Initial ((for week ended Oct. 4) Est. 223K, Continuing (for week ended Sept. 27) Est. 1930K. (<em>Report delayed due to current federal government shutdown) <\/em><\/li>\n<li>Oct. 9, 8:30 a.m.: Fed Chair Jerome H. Powell delivers welcome remarks at the Community Bank Conference, Washington, D.C. <a href=\"https:\/\/www.youtube.com\/federalreserve\">Watch live<\/a>.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Earnings <\/strong>(Estimates based on FactSet data)\n<ul>\n<li>Nothing scheduled.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><strong>Token Events<\/strong><\/h2>\n<p>For a more comprehensive list of events this week, see CoinDesk&#8217;s &#8220;<a href=\"https:\/\/www.coindesk.com\/markets\/2025\/10\/06\/u-s-government-shutdown-uk-etns-hedera-upgrade-crypto-week-ahead\">Crypto Week Ahead<\/a>&#8220;.<\/p>\n<ul>\n<li>Governance votes &amp; calls\n<ul>\n<li>Decentraland DAO is <a href=\"https:\/\/snapshot.box\/#\/s:snapshot.dcl.eth\/proposal\/0xe0d43f5fad99dd273fcb6a70df0d3036a1a42b1dc3aaf091cc6a48937a005416\">voting<\/a> to replace the DAO Committee with a 3-of-5 multisig of ecosystem representatives, shifting execution-only duties while the Council retains oversight. Voting ends Oct. 10.<\/li>\n<\/ul>\n<\/li>\n<li>Unlocks\n<ul>\n<li>Oct. 10: Linea (LINEA) to unlock 6.57% of its circulating supply worth $27.9 million.<\/li>\n<\/ul>\n<\/li>\n<li>Token Launches\n<ul>\n<li>No major launches.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><strong>Conferences<\/strong><\/h2>\n<p>For a more comprehensive list of events this week, see CoinDesk&#8217;s &#8220;<a href=\"https:\/\/www.coindesk.com\/markets\/2025\/10\/06\/u-s-government-shutdown-uk-etns-hedera-upgrade-crypto-week-ahead\">Crypto Week Ahead<\/a>&#8220;.<\/p>\n<ul>\n<li>Day 2 of 2: <a href=\"https:\/\/daweek.org\/london-25\/\">Digital Assets Week London 2025<\/a><\/li>\n<li>Day 2 of 2: <a href=\"https:\/\/events.economist.com\/fintechforward\/?RefID=econ_web_FF24_EDBwebsite&amp;utm_source=econ&amp;utm_medium=web&amp;utm_campaign=FF24_EDBwebsite\">Fintech Forward 2025<\/a> (Bahrain)<\/li>\n<li>Oct. 9: Hedgeweek\u2019s <a href=\"https:\/\/events.hedgeweek.com\/hedgeweek-digital-assets-summit-us-2025\">Digital Assets Summit US 2025<\/a> (New York)<\/li>\n<li>Day 1 of 2: <a href=\"https:\/\/www.northamericanblockchainsummit.com\/\">North American Blockchain Summit<\/a> (Dallas)<\/li>\n<\/ul>\n<h2><strong>Token Talk<\/strong><\/h2>\n<p>By Oliver Knight<\/p>\n<ul>\n<li>Crypto exchange Binance has introduced Meme Rush, a platform designed for users to capitalize on a wave of Chinese-language memecoins.<\/li>\n<li>The platform taps directly into the memecoin craze by embedding early-stage meme token curation and trading inside its Wallet.<\/li>\n<li>It sources listings via community launch hubs (for example Four.Meme on BNB Chain), ranking by both on-chain volume and social traction, letting Binance capture speculative interest pre-DEX listing.<\/li>\n<li>Its built-in reward mechanics (4\u00d7 Binance Alpha points) align user activity with monetization. The boom in Chinese-language memecoin projects on BNB Chain is amplifying hype and driving attention across the ecosystem.<\/li>\n<li>On PancakeSwap v2, daily trading volume recently hit $15.55 billion, according to <a href=\"https:\/\/coinmarketcap.com\/exchanges\/pancakeswap-v2\/\">CoinMarketCap<\/a>, underscoring how active DEX memecoin markets remain.<\/li>\n<li>The majority of volume has taken place on lesser known memecoins like \u5e01\u5b89Holder, which racked up around $1 billion in volume across 163,000 transactions.<\/li>\n<\/ul>\n<h2><strong>Derivatives Positioning<\/strong><\/h2>\n<ul>\n<li>AVAX, ASTER, PUMP and XPL lead the decline in futures open interest in the past 24 hours. OI in BTC and ETH has dropped by 1% and 3%, respectively. These capital outflows likely stem from profit taking on longs. <\/li>\n<li>OI in USDT and USD-denominated BNB perpetuals listed on major exchanges continues to hover below its September peak, diverging bearishly from the rising spot price. <\/li>\n<li>Annualized perpetual funding rates continue to hover at or below 10% for most major tokens, a sign that the market remains healthy without any signs of froth. <\/li>\n<li>On the CME, positioning remains elevated in ether futures relative to bitcoin. OI in SOL futures hovers at a record high above 9 million SOL, with premiums falling to 13%, the lowest since early September. <\/li>\n<li>On Deribit, the story remains the same: BTC, ETH puts continue to trade at a premium to calls out to the December end expiry. Block flows over Paradigm featured risk reversals. <\/li>\n<\/ul>\n<h2><strong>Market Movements<\/strong><\/h2>\n<ul>\n<li>BTC is down 0.84% from 4 p.m. ET Wednesday at $121,875.74 (24hrs: -0.87%)<\/li>\n<li>ETH is down 11.10% at $4,005.03 (24hrs: -3.5%)<\/li>\n<li>CoinDesk 20 is down 2.49% at 4,161.60 (24hrs: -1.63%)<\/li>\n<li>Ether CESR Composite Staking Rate is down 4 bps at 2.85%<\/li>\n<li>BTC funding rate is at 0.0054% (5.9141% annualized) on Binance<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/6bc7190e4f782229d76bd494879589d06c2bf157-1400x400.png?auto=format\" alt=\"CoinDesk 20 members\u2019 performance\" title=\"CoinDesk 20 members\u2019 performance\"><\/p>\n<ul>\n<li>DXY is unchanged at 98.90<\/li>\n<li>Gold futures are down 0.37% at $4,055.60<\/li>\n<li>Silver futures are down 0.45% at $48.78<\/li>\n<li>Nikkei 225 closed up 1.77% at 48,580.44<\/li>\n<li>Hang Seng closed down 0.29% at 26,752.59<\/li>\n<li>FTSE is down 0.45% at 9,506.23<\/li>\n<li>Euro Stoxx 50 is up 0.11% at 5,655.94<\/li>\n<li>DJIA closed on Wednesday unchanged at 46,601.78<\/li>\n<li>S&amp;P 500 closed up 0.58% at 6,753.72<\/li>\n<li>Nasdaq Composite closed up 1.12% at 23,043.38<\/li>\n<li>S&amp;P\/TSX Composite closed up 0.5% at 30,501.99<\/li>\n<li>S&amp;P 40 Latin America closed up 1.17% at 2,873.25<\/li>\n<li>U.S. 10-Year Treasury rate is down 0.2 bps at 4.129%<\/li>\n<li>E-mini S&amp;P 500 futures are unchanged at 6,801.00<\/li>\n<li>E-mini Nasdaq-100 futures are unchanged at 25,324.25<\/li>\n<li>E-mini Dow Jones Industrial Average Index are unchanged at 46,887.00<\/li>\n<\/ul>\n<h2><strong>Bitcoin Stats<\/strong><\/h2>\n<ul>\n<li>BTC Dominance: 59.38% (0.63%)<\/li>\n<li>Ether to bitcoin ratio: 0.03568 (-2.78%)<\/li>\n<li>Hashrate (seven-day moving average): 1,011 EH\/s<\/li>\n<li>Hashprice (spot): $50.97<\/li>\n<li>Total Fees: 3.37 BTC \/ $414,551<\/li>\n<li>CME Futures Open Interest: 146,530 BTC<\/li>\n<li>BTC priced in gold: 30 oz<\/li>\n<li>BTC vs gold market cap: 8.47%<\/li>\n<\/ul>\n<h2><strong>Technical Analysis<\/strong><\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/0ba0f3a2dde408905a68b8991d46f338cd802d9c-2098x1344.png?auto=format\" alt=\"ETH's daily chart in candlestick format. (TradingView)\" title=\"ETH's daily chart. (TradingView)\"><\/p>\n<ul>\n<li>Ether has dropped to $4,350 from $4,750 in two days, invalidating the bullish breakout from the flag pattern.<\/li>\n<li>The failed breakout indicates that sellers have regained control, and the pullback could deepen in the coming days. <\/li>\n<li>The stochastic has turned sharply lower from above 80 or overbought reading, confirming the bearish case. <\/li>\n<\/ul>\n<h2><strong>Crypto Equities<\/strong><\/h2>\n<ul>\n<li>Coinbase Global (COIN): closed on Wednesday at $387.27 (+3.06%), -1.6% at $381.07<\/li>\n<li>Circle Internet (CRCL): closed at $150.46 (+1.17%), -1.12% at $148.77<\/li>\n<li>Galaxy Digital (GLXY): closed at $41.39 (+4.57%), -0.8% at $41.06<\/li>\n<li>Bullish (BLSH): closed at $67.41 (+3.55%), -1.5% at $66.40<\/li>\n<li>MARA Holdings (MARA): closed at $20.2 (-0.25%), -0.89% at $20.02<\/li>\n<li>Riot Platforms (RIOT): closed at $21.99 (+2.42%), -1% at $21.77<\/li>\n<li>Core Scientific (CORZ): closed at $17.53 (+2.51%), -0.11% at $17.51<\/li>\n<li>CleanSpark (CLSK): closed at $18.98 (+5.68%), +0.47% at $19.07<\/li>\n<li>CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $55.38 (+3.75%), unchanged in pre-market<\/li>\n<li>Exodus Movement (EXOD): closed at $30.07 (+1.21%)<\/li>\n<\/ul>\n<p><strong>Crypto Treasury Companies<\/strong><\/p>\n<ul>\n<li>Strategy (MSTR): closed at $330.8 (+0.73%), -1.69% at $325.21<\/li>\n<li>Semler Scientific (SMLR): closed at $28.2 (-0.56%), +0.39% at $28.31<\/li>\n<li>SharpLink Gaming (SBET): closed at $17.57 (-1.13%), -2.39% at $17.15<\/li>\n<li>Upexi (UPXI): closed at $7.17 (+1.7%), -3.07% at $6.95<\/li>\n<li>Lite Strategy (LITS): closed at $2.5 (+2.04%)<\/li>\n<\/ul>\n<h2><strong>ETF Flows<\/strong><\/h2>\n<p>Spot BTC ETFs<\/p>\n<ul>\n<li>Daily net flow: $440.7 million<\/li>\n<li>Cumulative net flows: $62.53 billion<\/li>\n<li>Total BTC holdings ~ 1.35 million<\/li>\n<\/ul>\n<p>Spot ETH ETFs<\/p>\n<ul>\n<li>Daily net flow: $69.1 million<\/li>\n<li>Cumulative net flows: $15.11 billion<\/li>\n<li>Total ETH holdings ~ 6.88 million<\/li>\n<\/ul>\n<p>Source: <a href=\"https:\/\/farside.co.uk\/btc\/\">Farside Investors<\/a><\/p>\n<h2><strong>While You Were Sleeping<\/strong><\/h2>\n<ul>\n<li><a href=\"https:\/\/www.coindesk.com\/markets\/2025\/10\/09\/bitcoin-crash-off-the-table-as-four-year-cycle-is-dead-arthur-hayes\">Bitcoin Crash Off the Table as Four-Year Cycle is Dead: Arthur Hayes<\/a> (CoinDesk): The Maelstrom CIO says bitcoin\u2019s usual post-halving slump won\u2019t materialize, arguing easy global monetary policy under Trump and others will extend the bull market beyond its traditional cycle.<\/li>\n<li><a href=\"https:\/\/www.coindesk.com\/tech\/2025\/10\/09\/ethereum-foundation-expands-privacy-push-with-dedicated-research-cluster\">Ethereum Foundation Expands Privacy Push With Dedicated Research Cluster<\/a> (CoinDesk): The initiative centralizes Ethereum\u2019s privacy work on zero-knowledge payments, identity and enterprise tools, aiming to make private blockchain activity secure, compliant, and accessible to mainstream users.<\/li>\n<li><a href=\"https:\/\/www.cnbc.com\/2025\/10\/09\/biti-bvnk-stablecoin-banks-crypto.html\">Citi Backs Stablecoin Firm BVNK As Wall Street Warms to Crypto<\/a> (CNBC): Citi\u2019s venture arm invested in BVNK, whose technology enables cross-border payments using stablecoins, as U.S. banks rush to adopt regulated digital money infrastructure under the GENIUS Act.<\/li>\n<li><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-09\/bank-of-france-urges-direct-european-oversight-of-crypto-firms\">Bank of France Urges Direct European Oversight of Crypto Firms<\/a> (Bloomberg): Governor Francois Villeroy de Galhau urged EU authorities to close regulatory gaps by tightening stablecoin passporting and granting the European Securities and Markets Authority supervisory control over large crypto firms.<\/li>\n<li><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-09\/crypto-helped-get-trump-elected-now-it-s-wooing-uk-s-farage\">Crypto Helped Get Trump Elected. Now It\u2019s Wooing UK\u2019s Farage<\/a> (Bloomberg): The push to align with Reform UK reflects deep industry frustration over slow crypto regulation under Labour and growing willingness to take political risks for friendlier policies.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Omkar Godbole (All times ET unless indicated otherwise) After a brief rebound on Wednesday, BTC and the broader crypto market slipped back into the red on Thursday \u2014 despite the Fed minutes showing a bias towards more rate cuts. The CoinDesk 20 Index (CD20) also fell over 1% to 4,163 points. What\u2019s behind the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-51932","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51932"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51932\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}