Crypto Rundown: Stock Market Crash: How Will Bitcoin &. Ethereum Trade Next

Global markets were selling off in what the host called a “bloody Thursday,” with crypto, equities and Asian markets under pressure. U.S. CPI came in at 3.7%, above the 3.6% expectation, and Hunter said inflation concerns were spreading beyond food and energy as core and “super core” prices rose. He described PPI as a leading indicator for PCE and said markets had shifted to pricing in three more rate hikes rather than two. Light crude futures were around $97, up roughly 2–3% since the market opened; the host warned that persistent conflict and high oil prices could keep inflation elevated, while higher rates and bond yields around 5% could draw money away from risk assets.

Higher energy costs could also increase expenses for data-center construction and data mining, adding pressure to AI and chip stocks. Asian markets faced additional concern about possible memory-chip oversupply, including Elon Musk’s warning that China could produce substantial amounts of RAM in 2028. South Korea’s KOSPI fell sharply and hit circuit breakers. Speakers said a market flush can clear leverage and overextended positions, potentially creating room for a rebound once liquidity returns, but that possibility did not remove the near-term risks.

Crypto was described as relatively less volatile than other markets. CoinMarketCap figures for the prior seven days showed Bitcoin up 0.8% and Ethereum down 1.7%; Zcash had gained about 3% overnight, while Near and Uniswap were up about 4%, and some altcoins were roughly 10% above recent lows. The analyst characterized Bitcoin’s pullback as a normal quarterly retracement after a bullish engulfing candle closed above the prior quarter’s high, despite having traded below that quarter’s low. At roughly 7–8% below its recent $87,000 high, the decline was viewed as unremarkable for Bitcoin.

The analyst’s base case was that Bitcoin would make a higher low and resume its advance, with potential targets near $93,000 and $100,000. Bitcoin had stalled at the yearly open, but the analyst said liquidity was building above that level and a break through it could accelerate the move. The price had swept the psychological $80,000 level and bounced at the 0.618 retracement, a reaction the analyst considered favorable. Support areas included $78,000–$79,000, around $78,500, the range bottom near $76,000 and the rising 200-day moving average. A weekly close below about $83,000 could indicate acceptance back inside the range and bring its midpoint or lower end into play; Bitcoin could also reject near $83,000 and turn lower. The analyst urged traders to follow their plans and levels rather than react emotionally, while viewing pullbacks as possible value opportunities for investors expecting the crypto cycle to continue over the next one to two years.

The next Fed meeting was identified as October 27–28, the week before the midterm election. One speaker said the Fed was in a hiking cycle and suggested the timing could make the decision political, warning that markets might become “a little sketchy” around Halloween. Hunter doubted that MSCI would exclude MicroStrategy from its indexes on Friday, noting the company had already been reviewed in January and pointing to its technical position alongside Bitcoin’s pullback. He estimated that $2.8 billion in fund assets could be affected; exclusion could force index-tracking ETFs to rebalance, while classifying digital-asset treasury companies as non-operating firms could change how they are viewed.

Speakers also discussed broader developments with potential implications for digital assets. Tokenized real-world assets could let holders lend or stake shares and borrow against them, making liquidity more accessible; a cited yield of about 3% could appeal for stocks with little or no dividend, though its source was unclear and required further research. China’s call for a national blockchain network was described as a shift in rhetoric from earlier restrictions, but the rollout was expected to remain distinct and heavily controlled; one speaker suggested Hong Kong could become an Asian digital-asset hub within that system. The U.S. government fined Bank of America $1.2 billion for violations involving money-laundering regulations and sanctions laws. A speaker said the case could complicate claims that financial crime is specific to crypto and potentially support bipartisan momentum for crypto regulation, while suggesting bank weakness and higher fees could encourage deposit flight toward crypto-linked neobanks.