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25 October Crypto, Finance and Politics - BTC is 88.000$ again, $MON saw 60B$ FDV

Of course $MON didn't stay at 60 cents but still caught a bullish sentiment around ecosystem. It gave an entry to non Coinbase participants too... Better to keep an eye on here.

  • Bitcoin saw a sharp rally and climbed above $88,000. The number of wallets holding over 10,000 BTC has approached 90 — the highest level in the last 5 months. Meanwhile, the Fear & Greed Index is still below the levels seen during the FTX collapse and COVID, fluctuating between 10 and 12.

  • The Monad ecosystem went live on mainnet and launched its long-awaited token. $MON initially hit a 60B$ FDV and spiked to around $0.60 before experiencing a steep drop, falling below its Coinbase ICO price. It’s now hovering around $0.03, while sentiment in the ecosystem remains bullish.

  • Some digital asset treasury stocks — which can be considered an index for the crypto market — rallied alongside the crypto recovery. Strategy rose 5%, Sharplink 6%, and Bitmine surged 20%.

  • The Hyperliquid ecosystem is facing FUD due to the unlock and the upcoming Season 3 launch on December 2. Despite a 20% drop in the $HYPE token, demand came in quickly. Pantera bought $6.9M spot and placed $3.75M in limit orders, new wallets added $3.9M, and the protocol continues its daily $5M buybacks.

  • MSCI’s potential removal of crypto assets from its index could trigger $2.8–11B in sell pressure. As the market braces for this risk, Michael Saylor argues that just 1.25% annual BTC growth is enough for long-term sustainability. A strong reflexivity effect is forming between investor expectations and price action.

  • $ZEC saw a 200% surge in transaction volume, hitting an all-time high. The Winklevoss brothers' $100M “treasury donation” triggered activity among other BTC OGs as well.

  • Prediction markets remain among the most popular protocols of this period. Galaxy, Kalshi, and Polymarket are negotiating to become liquidity providers.

  • On November 24, BTC spot ETFs saw $150M in outflows. Meanwhile, altcoin ecosystem ETFs experienced inflows: ETH $96M, SOL $57M, and XRP $167M.

  • Falcon Finance reached $1.52B in monthly volume, while xStocks hit $788M. Bitwise’s Dogecoin spot ETF, $BWOW, is coming soon. Market activity and sentiment are starting to brighten up.

However, it’s still wise to stay cautious, as major risks and FUD remain. Thanks for reading. Follow to stay updated for more