Live updates: promos, term changes, new challenges, payouts.
Hash Hedge temporarily simplified the completion of all two-stage challenges for cryptocurrencies and US stocks. The profit target at the first stage has been lowered from 8% to 5%. At the same time, the cost of the challenges and the remaining rules remain unchanged.
On October 7, Bitcoin broke through $83,000 and dropped to $82,734 on Bitstamp, updating its October low. Pressure came from external markets: Brent rose above $102, and US government bond yields reached 24-year highs.
Today at 21:00 MSK the Fed publishes the minutes of the September 15-16 meeting. The market will look in the document for details of the debate within the committee on inflation, the labor market and the further rate trajectory ahead of the next meeting on October 27-28.
Over the past 24 hours, positions worth $555.6 million were forcibly closed on the crypto market, with about 88% of the amount coming from longs. Bitcoin at one point dropped below $84,000, and the low on Coinbase was $83,551.
FinCEN has withdrawn from consideration two major draft rules for cryptocurrencies: reporting on transfers to personal wallets from $10,000 and a separate control regime for crypto mixers. Both proposals had been under consideration for years but never came into force.
On the night of October 5, Bitcoin rose to $86,972, but again failed to consolidate above and returned below $86,000. This is already the second failed attempt to break through the $87,000 zone in a week.
On October 2, the SEC allowed the listing on Cboe BZX of two new Volatility Shares funds - 3x Bitcoin ETF and 3x Ether ETF. They are designed for triple the daily movement of BTC and ETH and trade on the exchange like regular stocks.
After softer inflation data, the market sharply lowered expectations for a Fed rate hike in October. The probability of such a decision dropped to about 35-37%, whereas at the beginning of the week it exceeded 70%
Robinhood has begun rolling out perpetual crypto futures trading for clients in the US. At launch, 8 assets are available, leverage up to 10x, settlement every 15 minutes, and a 0.01% fee per trade until the end of the year.
Today, September 30, at 15:30 MSK, the US releases Core PCE. The forecast is 0.3% versus 0.2% a month earlier. The indicator is important for assessing the further trajectory of the Fed rate.
