Crypto Pulse

Overview Roughly twenty-nine months after the April 2024 halving, Bitcoin has not followed the script that a decade of cycle analysis taught traders to expect. Bitcoin trades near $86,700 according to CoinGecko market data, about 31% below the $126,080 all-time high set in October 2025, with a market capitalization around $1.74 trillion. What has forced a rethink is not the price level but the shape of the move: the top arrived eighteen months after the halving, almost exactly on schedule, yet t

Overview More than two years after US spot bitcoin ETFs began trading, a question that once belonged inside crypto circles has become an ordinary allocation decision: buy the coin, or buy the fund. The two track almost the same price, but what you end up owning is not the same thing at all. The differences concentrate in four places: what it costs to hold, who holds the keys, when you can trade, and what ownership actually entitles you to. BlackRock's iShares Bitcoin Trust charges a 0.25% annual

Overview The Federal Reserve lifted its federal funds target range to 3.75% to 4% on September 16, its first increase since July 2023, and the move revived a question that sits awkwardly at the center of crypto markets. Bitcoin has no cash flows, no issuer and no central bank. So why does a single committee meeting in Washington move it at all? The answer is not in the protocol. It is in how dollars are priced. The federal funds rate sets the cost of short-term dollar money, and that cost travel

Overview Markets gave the same question two opposite answers in 2026. Early in the year Bitcoin traded like a high-beta technology stock, breathing in time with the Nasdaq. By late summer its price path had started to track gold instead. The numbers Grayscale head of research Zach Pandl published on August 27 were blunt: Bitcoin's 90-day correlation with gold had climbed above 50% while its correlation with the Nasdaq 100 fell from above 60% to roughly 33%. Six months earlier the same firm had a

Overview September payrolls came in at 29,000, bets on an October Federal Reserve hike were all but erased, and the market moved on. The next data point capable of reversing that repricing is not another labor report. It is the September ISM Services PMI, due at 10:00 a.m. Eastern on October 5. Services account for the overwhelming majority of American jobs and sit at the center of the inflation that is still keeping this tightening cycle alive. The August report already laid out the tension. Ac

Overview Delta Air Lines reports September quarter results before the US market opens on October 9, 2026, with a conference call at 10 a.m. ET, according to the carrier's webcast announcement. It is the first major read on whether the premium travel trade still works at today's fuel prices. The setup is unusually clean. When Delta reported June quarter results on July 10, it absorbed the highest quarterly fuel expense in its history and still produced record adjusted revenue of $17.7 billion. Ma

Overview In a year when stolen crypto rarely comes back, a full return of $3.8 million stands out. Cross-chain trading protocol NEAR Intents disclosed an exploit on October 1, identified the suspected attacker within a day, published recovery addresses and set a 48-hour deadline. The funds arrived before the clock ran out. According to Crypto Times, general manager Alex Shevchenko confirmed on October 2 that the entire sum had been returned and that the team was ending its investigation. What th

Overview The Federal Reserve publishes the minutes of its September 15 to 16 meeting on Wednesday, October 7 at 2:00 p.m. Eastern time, a date confirmed on the central bank's October calendar of events. That meeting produced the first rate increase since 2023, lifting the federal funds target range to 3.75% to 4%. The reason markets care is not that the document forecasts what happens on October 27 to 28. It is that the record captures a moment that has already passed. When the committee debated

Overview Applied Digital (Nasdaq: APLD) said on October 2 that the second phase of Building 2 at its Polaris Forge 1 campus in Ellendale, North Dakota had reached Ready for Service, adding three 25 MW data halls, completing the building at 150 MW and lifting fully operational critical IT load at the campus to 250 MW. Five trading days later, on October 7, the company reports fiscal first quarter 2027 results after the close. The debate around this stock stopped being about whether it qualifies a

Overview Two of this year's strongest technology stocks were repriced in a single session on October 2. Seagate (STX) and Western Digital (WDC) both closed down roughly 10%, with Western Digital trading as low as $398.51 intraday, about 13.8% below the prior close. The trigger was not a demand warning, a guidance cut, or a customer loss. It was a Nikkei report that Toshiba intends to double its hard disk drive capacity for AI data centers. For more than a year, the bull case on both names has re