Key Takeaways
- • The total crypto market capitalisation rose over 1% in the past day to $2.77T, with Bitcoin trading near $83K, according to FxPro's market overview.
- • The crypto market sentiment index rose to 63, rebounding from mid-range and holding at the upper end of the spectrum after a shift from the 10 months leading up to August.
- • JPMorgan has included Bitcoin in its long-term asset return forecasts for the first time, projecting an average annual return of 10% over the next 10-15 years while continuing to classify it as a speculative, high-risk asset.
- • SkyAI (formerly Sharps Technology) has sold its entire Solana reserves, which exceeded 2 million SOL as of September, and launched a share buyback programme.
- • Mt. Gox's rehabilitation trustee Nobuaki Kobayashi extended the creditor repayment deadline by one year to 31 October 2027.
Summary
The crypto market gained more than 1% over the past 24 hours to reach $2.77T, moving away from the lower boundary of its short-term trading range and approaching the 50-day moving average, which may now act as resistance if the recent recovery in equity markets reverses, according to FxPro's market overview. Bitcoin is trading near $83K, supported by both technical factors and a reversal to an uptrend in equities. The article attributes part of the tailwind to a 1% weakening of the dollar following its peak a week earlier.
Among the most liquid coins over the past 24 hours, the top gainers rose 9.7%, 7.7% and 7.5%, while Basic Attention Token fell 5.4% after a surge of roughly 150% since the start of the month. The crypto market sentiment index rose to 63, rebounding from the middle of its range and remaining at the upper end of the spectrum, a clear shift from the 10 months leading up to August.
JPMorgan has included Bitcoin in its long-term asset return forecasts for the first time, expecting an average annual return of 10% over the next 10 to 15 years. The bank maintains a cautious stance, viewing Bitcoin primarily as a speculative asset and high-risk instrument that tracks the growth of global money supply.
SkyAI, formerly Sharps Technology, announced the complete sale of its reserves and the launch of a share buyback programme. As recently as September the company held over 2 million SOL and was among the top five public holders of the cryptocurrency. SkyAI intends to continue developing its Solana-based financial AI platform. Separately, the payment system and cryptocurrency platform Mesh announced a partnership enabling customers to pay with cryptocurrencies and stablecoins at more than 175 million retail outlets worldwide.
Nobuaki Kobayashi, rehabilitation trustee of Mt. Gox, extended the creditor repayment deadline by one year to 31 October 2027. According to Kobayashi, a significant share of affected creditors are still awaiting compensation due to unfinished paperwork and payment processing issues. Developers also scheduled the activation of the Glamsterdam update on the Hoodi testnet for 26 October, an upgrade designed to increase network throughput and transaction processing efficiency.
Among the most liquid coins over the past 24 hours, the top gainers rose 9.7%, 7.7% and 7.5%, while Basic Attention Token fell 5.4% after a surge of roughly 150% since the start of the month. The crypto market sentiment index rose to 63, rebounding from the middle of its range and remaining at the upper end of the spectrum, a clear shift from the 10 months leading up to August.
JPMorgan has included Bitcoin in its long-term asset return forecasts for the first time, expecting an average annual return of 10% over the next 10 to 15 years. The bank maintains a cautious stance, viewing Bitcoin primarily as a speculative asset and high-risk instrument that tracks the growth of global money supply.
SkyAI, formerly Sharps Technology, announced the complete sale of its reserves and the launch of a share buyback programme. As recently as September the company held over 2 million SOL and was among the top five public holders of the cryptocurrency. SkyAI intends to continue developing its Solana-based financial AI platform. Separately, the payment system and cryptocurrency platform Mesh announced a partnership enabling customers to pay with cryptocurrencies and stablecoins at more than 175 million retail outlets worldwide.
Nobuaki Kobayashi, rehabilitation trustee of Mt. Gox, extended the creditor repayment deadline by one year to 31 October 2027. According to Kobayashi, a significant share of affected creditors are still awaiting compensation due to unfinished paperwork and payment processing issues. Developers also scheduled the activation of the Glamsterdam update on the Hoodi testnet for 26 October, an upgrade designed to increase network throughput and transaction processing efficiency.
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