Although several US banks released eye-catching financial reports on Friday, S& The P500 fell 0.5% in the end, while Nasdaq, which is mainly focused on technology stocks, fell 1
Although several US banks released eye-catching financial reports on Friday, S& The P500 fell 0.5% in the end, while Nasdaq, which is mainly focused on technology stocks, fell 1.23% even more. Gold rose 3.34% to $1945 due to risk aversion sentiment. Affected by the news that GBTC is expected to convert into Bitcoin spot ETFs, Bitcoin and Ethereum have slightly increased.
Oil prices skyrocket, inflation expected to rise again
The University of Michigan Consumer Confidence Index released on Friday showed a sharp increase in short-term inflation expectations from 3.2% to 3.8%, a five month high; The expected long-term inflation rate has also increased from 2.8% to 3.2%. The consumer confidence index in October significantly decreased from 68.1 in September to 63, mainly due to the decline in consumer confidence caused by high prices.
The unresolved Israeli-Palestinian conflict and rising geopolitical tensions in the Middle East have led to a nearly 6% surge in international oil prices, and gold has also been driven up 3.34% to $1945 by risk aversion.
Is the grayscale case about to be resolved? BTC slightly increased
Bloomberg ETF analyst James Seyfart tweeted that due to the SEC's failure to appeal to the court before the midnight deadline, the dialogue between Grayscale and the SEC will begin next week. The SEC is likely to make a new response to Grayscale's "GBTC to Bitcoin Spot ETF" application within the next two weeks.
According to YCharts' data, the discount of GBTC has narrowed to 16.59%, much lower than the 46% discount at the beginning of this year. And the community has also ignited confidence in other Bitcoin spot ETFs to pass the test together, with Bitcoin slightly increasing by 0.31% to reach a price of $26898 before the deadline.
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