This Week in Crypto, Full Written Summary: W1 October
For those short on time, here are the key takeaways:
- Bitcoin Hits New ATH, Then Dips: The market saw a new Bitcoin all-time high this week, but prices quickly retraced, while the overall crypto market cap declined by 6.5%.
- Fed Policy Remains a Key Driver: Anticipation of further Federal Reserve rate cuts continues to provide a tailwind for crypto and other risk assets.
- Whales Accumulate as Retail Sells: On-chain data reveals a classic bullish signal: large investors have been buying significant amounts of Bitcoin, while smaller retail wallets have been selling into the rally.
- BNB Surges, Litecoin Overheats: Binance Coin (BNB) hit its own all-time high and claimed the #3 market cap spot. Meanwhile, metrics for Litecoin show…
