The crypto market experienced significant institutional interest, with Bitcoin ETFs recording substantial inflows of $3.24 billion this week, marking the largest weekly inflow of the year. Regulatory discussions intensified as the SEC and CFTC held their first joint roundtable in nearly 14 years, while Coinbase filed for a national trust charter. Major cryptocurrencies like Bitcoin and XRP are testing key resistance levels, with analysts predicting BTC targets up to $165,000 and XRP eyeing $10-$100. Ethereum is also positioned for a Q4 rally towards $5,000, despite the Ethereum Foundation converting $4.5 million ETH to stablecoins.
Major Themes
- Surging Institutional Interest and ETF Inflows
- Intensified Regulatory Scrutiny and Dialogue
- Bullish Price Predictions and Resistance Tests for Major Cryptos
- Altcoin Rally and Ecosystem Developments
- Security Concerns and Network Performance Metrics
Next Day Outlook
The market is likely to remain sensitive to regulatory updates and ETF flow data, with major assets potentially consolidating or attempting further breakouts if positive momentum continues.