GM20251017


1) Market Trend
BTC fell 1.87% to $108,462 (24h%), ETH fell 2.58% to $3,912 (24h%), altcoins generally declined, and the total crypto market cap shrank to $3.67 trillion. The three major U.S. stock indices collectively plunged during the session, with the Nasdaq down 0.47%, the S&P 500 down 0.63%, and the Dow Jones down 0.65%; gold broke new highs.
2) Market Hotspots:
1. The bearish sentiment in the crypto market intensifies, and the "mysterious account" opens a short position again.
2. BitMine added 104,336 ETH, worth $417 million, to its treasury;
3. The market value of stablecoins reached a record $314 billion, driven by the growth of USDT and USDC.
4. Bitget launches the CandyBomb event to share 25,000 YB tokens.
*Today's Cryptocurrency Fear & Greed Index: 28 (Extreme Fear)
BTC-0.16%
ETH-0.08%
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