Crypto Markets Forecast: Calm Before the Storm?

Crypto News

Institutional investors have shifted their focus: instead of debating the merits of buying the asset, they have moved on to discussing the practical applications of Bitcoin and the development of capital market infrastructure around it, according to TD Cowen.

Bitfinex highlights Bitcoin’s resilience, which has successfully weathered a historically weak September. However, the current BTC rally is losing momentum. Rising oil prices and Treasury yields are weighing down sentiment.

Unrealised on-chain profits among short-term holders have reached a 21-month high, raising the risk of profit-taking and a short-term correction for the leading cryptocurrency, CryptoQuant warns.