“Global growth is projected at 3.1% for 2026, while inflation remains elevated at 4.7%, supporting economic activity but limiting rapid monetary easing. US Treasury yields eased to 5.22%, increasing crypto liquidity, while expectations from the October Fed pause in direct reductions and tightening of the dollar. AI-related equities declined sharply, keeping investor confidence cautious
Continued inflation and the strength of the dollar may remain selective for more participation in the coming session.
Bitcoin is trading near $83,326 with a positive daily bias, supported by strong moving averages and a neutral RSI. Support lies at $83,000-$83,250, while $83,700-$83,900 forms resistance. Supporting support can maintain momentum. BTC Futures traders should consider a breakout as strong if volume increases and open interest accompanies a balanced funding profile.
Ethereum is rebuilding momentum near $2,505 after retracing its 50-day exponential moving average. The area of $2,470-$2,500 provides a base, while $2,535-$2,570 is the first hurdle before $2,600. Staying above $2,500 will strengthen the recovery, while its loss could return ETH to consolidation.
INJ is trading near $8.14 with all the daily moving averages in favor of buyers and RSI around 60, indicating healthy momentum. Support is located around $7.95-$8.00, followed by $7.55-$7.70. Continued activity above $8.20 could add strength, while supporting support keeps the structure constructive.
Asian equities were generally positive, led by the Sensex which gained 1.54%, while the Nikkei, KOSPI and Singapore also advanced; The Hang Seng was down 0.40%. US markets fell modestly, with the Dow down 0.35% and the Nasdaq off 0.15%, while the VIX remained at 15.27. Gold was almost flat and oil rose 1.09%. Regional strength and limited US volatility support crypto participation, although higher energy prices may remain selective buying during the current trading session.
US spot Bitcoin ETFs recorded $65.4 million in daily net outflows, entirely from BlackRock’s IBIT, while Ethereum ETFs lost $85.43 million, extending the total withdrawal to ten sessions. Despite the redemption, Bitcoin gained 0.31% to around $83,326 and Ether rose 0.40% to nearly $2,505, indicating that buyers absorbed institutional selling points. ETF flows do not determine prices alone; derivative positions, short-covering, exchange liquidity and macro conditions can offset outflows or delay gains when strong institutional inflows return to the market.