Monthly Bitcoin & Crypto Update (October)

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What’s in Today’s Report:

  • Monthly Bitcoin & Crypto Update (October)

Futures are lower as tech attempts to stabilize following Thursday’s selloff as AI concerns continue to weigh on sentiment.

Geopolitically, Iran threatened U.S. bases and infrastructure in the Persian Gulf if bombing resumes, sending oil higher.

Economically, European flash PMIs were mixed, with French manufacturing and services missing estimates, German services weakening, and UK PMIs beating expectations.

Today, focus will be on Flash Composite PMI (E: 57.6), Flash Manufacturing PMI (E: 55.5), Flash Services PMI (E: 58.0), and Consumer Sentiment (E: 46.3).

Finally, there are no Fed speakers scheduled. Notable earnings include AXP ($4.47), E ($1.92), SLB ($0.62), INFY ($0.21).

 

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