When Crypto Goes Wild: What’s Up With That?

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So here we are, watching the US government shutdown like a sad TV drama where no one ever gets a promotion. Oh hey, and apparently it’s impacting how policymakers interpret economic data, which in turn could mess with monetary policy. Well, if it’s not one thing, it’s another, right?

Cryptos and stocks performing a synchronised belly flop on a Friday, only to continue the happy trend over the weekend. Why? Because Donald Trump decided to throw another tantrum about tariffs on China. Spoiler: we’re down nearly 100% tariffs now. Exciting times!

The crypto selloff was a proper melodrama, exacerbated by leverage-laden derivatives markets being flushed out faster than a cheap romance novel. But hey, look on the bright side – we’re in recovery mode this Monday morning. Stocks are now in a much better mood as some kind of US-China de-escalation rumor did the rounds over the weekend. Truly, the buzz too good to ignore!

Economic Events: Oct. 13 to 17

Tuesday is set to be an Oscar-worthy performance as Jerome Powell dishes out more silk & wool. But really, with all the economic data MIA, he’s kinda stuck doing impressions. No big surprises here!

Midweek brings us the New York and Philly Fed Manufacturing Indices, like monthly love letters from manufacturers with their hearts set on surviving in the current economy. We’re all holding our breaths here because, let’s face it, “they could take the whole US economy down with them,” or so MarketWatch reportedly tweets.

Key Events This Week:

1. OPEC Monthly Report – Monday

2. Fed Chair Powell Does a TED Talk – Tuesday

3. NY Fed Manufacturing Index – Because we can’t have enough numbers

4. Philly Fed Manufacturing Index – Because we love surprises

5. NAHB Housing Market Index – Drop the mic, it’s Thursday

6. Yay! ~10% of S&P 500 Companies Decide to Share Their Gross Receipts

Earnings season officially kicks off with bored bankers and financiers entering storytelling mode. None other than JPMorgan, CitiBro, Wells Fargo, Goldman Sachs, and BlackRock gracing us with their fiscal feats.

Crypto Markets: Recovering, or Just Stubborn?

Crypto market cap flickered to $3.3 trillion – that’s the lowest since what feels like the dawn of time. But come Monday’s Asian trading, it popped back up to $4 trillion like nothing ever happened. Truly an impressive acrobatic feat!

Basically, a horde of short positions skittered before Trump’s tariffs done-diddled them with their wallets. Oh, and between you and me, it’s quite a regular affair in crypto with what they call “leverage perpetual swaps”. Makes you wonder whether we should trade in currency or Contracts For Deceit.

BTC is tiptoeing back towards $116,000, while Ether is flirting with $4,200. Seems like they’ve found their little comfy ranges. Nothing like a nice cozy routine to ease one’s anxieties, right?

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2025-10-13 09:38