Last week in the news
The US September inflation data lifted market expectations on Fed rate cuts at the next FOMC meeting. This also shaped market sentiment, bringing the S&P 500 to its newest all time highest level for this year, at 6.807. At the same time, decreased investors' fears moved the price of gold to short term correction, where gold is closing the week at $4.112. The US Treasuries are gearing up for the forthcoming FOMC meeting, where 10Y benchmark is holding grounds around 4%. This week the crypto market was again left behind, with BTC closing the week modestly above the $111K.
U.S. inflation data were in the spotlight last week. Figures released on Friday showed a 0.3% increase in consumer prices for September, bringing the annual inflation rate to 3.0%. The monthly figure came in slightly below the 0.4% forecast. Core inflation also showed signs of cooling, rising 0.2% in September and 3.0% year-on-year. Friday’s data release also included the University of Michigan’s final Consumer Sentiment Index for October, which came in at 53.6, below the expected 55.0. Meanwhile, five-year inflation expectations edged up to 3.9%, from 3.7% posted previously. This week, both the ECB and the Federal Reserve will hold policy meetings to discuss potential changes in interest rates. The FOMC meeting is scheduled for Wednesday, October 29th, followed by the ECB meeting on October 30th. Given the easing U.S. inflation and some signs of a softer labour market, investors have increased their expectations for another 25-basis-point rate cut by the Fed. According to the CME FedWatch Tool, markets are pricing in a 96% probability of a cut. In contrast, a Reuters survey indicates that market participants do not expect any policy change from the ECB at its upcoming meeting.
Amazon’s cloud division, Amazon Web Services (AWS), suffered a major global outage on October 20th, affecting thousands of apps, websites, and services worldwide, including e-commerce. The root cause was traced to internal monitoring/load-balancer issues in the US-EAST-1 data centre region, causing extensive service disruptions. Despite the outage, Amazon’s shares rose around 1.6% on the day, suggesting the market viewed the event as manageable rather than catastrophic.
High economic officials from the US and China met in Kuala Lumpur on the sidelines of the ASEAN summit, aiming at paving the way for the upcoming summit between Presidents of both countries, and avoiding a re-escalation of the trade war.
Kyrgyzstan has launched a new national stablecoin, KGST, pegged 1:1 to its currency, and has legally recognised its central-bank digital currency (CBDC) ahead of pilot public-sector payments. The country is also building a broader crypto infrastructure, including setting up a national cryptocurrency reserve (which holds assets like BNB), partnering with Binance Academy for university programmes, and collaborating on smart-contract development.
CRYPTO MARKET
Investors' fear is slowly fading on financial markets, but the crypto market was a bit left behind the traditional ones. As investors weighed US September inflation, it increased their prospectus that the Fed might cut interest rates next week. The US equity markets gained, while the crypto market is still holding with only modest weekly gains, still waiting to regain their previous valuations. Total crypto market capitalization was increased by 4% during the week, adding $157B to its market cap. Daily trading volumes were again increased, to the level of $431B on a daily basis, from previous weeks $295B. Total crypto market capitalization increase from the beginning of this year currently stands at +15%, with a total funds inflow of $497B.
Major crypto coins participated with 70% in the total crypto market capitalization increase during the previous week. BTC managed to regain some of its strength, adding $95B to its market cap, increasing it by almost 4,5%. ETH had a smaller gain of 2,3% w/w, adding $10B to the market cap. However, this week the shining coin was XRP, with a significant increase in value of 12,6% and a gain of $17,7B in market cap. Solana was also traded higher by 5,7%, while BNB gained 2,7% w/w. ZCash continues to be in the spotlight of the crypto market. This week ZEC closed the week by 30% higher from the end of the previous week.
There has been a modest activity with coins in circulation. This week Solana added 0,5% new coins to the market. IOTA had an increase of circulating coins by 0,7%, while DASH, Stellar, XRP and ZEC increased the number of coins in circulation by 0,1% w/w.
Crypto futures market
The crypto futures market rebounded modestly over the past week, as both BTC and ETH futures advanced across maturities. The recovery followed two consecutive weeks of declines, indicating that sentiment has stabilized and buyers have cautiously re-entered the market. Gains were broad-based but measured, suggesting that traders remain selective amid a still-fragile macro backdrop.
BTC futures rose between 3.60% and 3.81% w/w, marking the first positive week since late September. The October 2025 futures closed at $110,740, while the March 2027 maturity ended at $120,815. The curve retained its characteristic upward slope, signalling that investors continue to anticipate firmer prices over the medium term. The moderate rebound, following a steep decline in prior weeks, suggests that confidence is gradually returning, although momentum remains contained.
ETH futures posted a smaller but steady recovery, gaining between 2.43% and 2.59% w/w. The October 2025 futures closed at $3,934, while March 2027 settled at $4,375. The move kept ETH comfortably above the $3,900 threshold.
Overall, the week’s performance points to a short-term recovery phase in crypto futures, supported by the market’s resilience in holding key technical levels. While caution still prevails, the consistent upward slope of both BTC and ETH futures curves continues to indicate longer-term optimism among market participants.
The US September inflation data lifted market expectations on Fed rate cuts at the next FOMC meeting. This also shaped market sentiment, bringing the S&P 500 to its newest all time highest level for this year, at 6.807. At the same time, decreased investors' fears moved the price of gold to short term correction, where gold is closing the week at $4.112. The US Treasuries are gearing up for the forthcoming FOMC meeting, where 10Y benchmark is holding grounds around 4%. This week the crypto market was again left behind, with BTC closing the week modestly above the $111K.
U.S. inflation data were in the spotlight last week. Figures released on Friday showed a 0.3% increase in consumer prices for September, bringing the annual inflation rate to 3.0%. The monthly figure came in slightly below the 0.4% forecast. Core inflation also showed signs of cooling, rising 0.2% in September and 3.0% year-on-year. Friday’s data release also included the University of Michigan’s final Consumer Sentiment Index for October, which came in at 53.6, below the expected 55.0. Meanwhile, five-year inflation expectations edged up to 3.9%, from 3.7% posted previously. This week, both the ECB and the Federal Reserve will hold policy meetings to discuss potential changes in interest rates. The FOMC meeting is scheduled for Wednesday, October 29th, followed by the ECB meeting on October 30th. Given the easing U.S. inflation and some signs of a softer labour market, investors have increased their expectations for another 25-basis-point rate cut by the Fed. According to the CME FedWatch Tool, markets are pricing in a 96% probability of a cut. In contrast, a Reuters survey indicates that market participants do not expect any policy change from the ECB at its upcoming meeting.
Amazon’s cloud division, Amazon Web Services (AWS), suffered a major global outage on October 20th, affecting thousands of apps, websites, and services worldwide, including e-commerce. The root cause was traced to internal monitoring/load-balancer issues in the US-EAST-1 data centre region, causing extensive service disruptions. Despite the outage, Amazon’s shares rose around 1.6% on the day, suggesting the market viewed the event as manageable rather than catastrophic.
High economic officials from the US and China met in Kuala Lumpur on the sidelines of the ASEAN summit, aiming at paving the way for the upcoming summit between Presidents of both countries, and avoiding a re-escalation of the trade war.
Kyrgyzstan has launched a new national stablecoin, KGST, pegged 1:1 to its currency, and has legally recognised its central-bank digital currency (CBDC) ahead of pilot public-sector payments. The country is also building a broader crypto infrastructure, including setting up a national cryptocurrency reserve (which holds assets like BNB), partnering with Binance Academy for university programmes, and collaborating on smart-contract development.
CRYPTO MARKET
Investors' fear is slowly fading on financial markets, but the crypto market was a bit left behind the traditional ones. As investors weighed US September inflation, it increased their prospectus that the Fed might cut interest rates next week. The US equity markets gained, while the crypto market is still holding with only modest weekly gains, still waiting to regain their previous valuations. Total crypto market capitalization was increased by 4% during the week, adding $157B to its market cap. Daily trading volumes were again increased, to the level of $431B on a daily basis, from previous weeks $295B. Total crypto market capitalization increase from the beginning of this year currently stands at +15%, with a total funds inflow of $497B.
Major crypto coins participated with 70% in the total crypto market capitalization increase during the previous week. BTC managed to regain some of its strength, adding $95B to its market cap, increasing it by almost 4,5%. ETH had a smaller gain of 2,3% w/w, adding $10B to the market cap. However, this week the shining coin was XRP, with a significant increase in value of 12,6% and a gain of $17,7B in market cap. Solana was also traded higher by 5,7%, while BNB gained 2,7% w/w. ZCash continues to be in the spotlight of the crypto market. This week ZEC closed the week by 30% higher from the end of the previous week.
There has been a modest activity with coins in circulation. This week Solana added 0,5% new coins to the market. IOTA had an increase of circulating coins by 0,7%, while DASH, Stellar, XRP and ZEC increased the number of coins in circulation by 0,1% w/w.
Crypto futures market
The crypto futures market rebounded modestly over the past week, as both BTC and ETH futures advanced across maturities. The recovery followed two consecutive weeks of declines, indicating that sentiment has stabilized and buyers have cautiously re-entered the market. Gains were broad-based but measured, suggesting that traders remain selective amid a still-fragile macro backdrop.
BTC futures rose between 3.60% and 3.81% w/w, marking the first positive week since late September. The October 2025 futures closed at $110,740, while the March 2027 maturity ended at $120,815. The curve retained its characteristic upward slope, signalling that investors continue to anticipate firmer prices over the medium term. The moderate rebound, following a steep decline in prior weeks, suggests that confidence is gradually returning, although momentum remains contained.
ETH futures posted a smaller but steady recovery, gaining between 2.43% and 2.59% w/w. The October 2025 futures closed at $3,934, while March 2027 settled at $4,375. The move kept ETH comfortably above the $3,900 threshold.
Overall, the week’s performance points to a short-term recovery phase in crypto futures, supported by the market’s resilience in holding key technical levels. While caution still prevails, the consistent upward slope of both BTC and ETH futures curves continues to indicate longer-term optimism among market participants.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.