Bitcoin loses touch with the Dollar Index, U.S. stocks ahead of the Fed

Binance founder CZ posted that every drop is an opportunity.

Michael Saylor stated that the SEC, CFTC, and Treasury will advance rules based on existing laws, banks will provide Bitcoin custody services, more capital will flow into Bitcoin, and Bitcoin adoption will not wait for congressional legislation.

The October update changes how nodes estimate transaction fees and process blocks, while fixing a wallet flaw that could let an authenticated user run commands on a node.

Analyst Ali Charts predicts that the Federal Reserve may keep interest rates unchanged. If the Fed unexpectedly remains inactive, investors may readjust their positions or push Bitcoin to rebound from around $75000 and break through $82000. Federal funds futures show a probability of approximately 93% for the Federal Reserve to raise interest rates by 25 basis points, but Ali Charts believes that the Fed may maintain interest rates unchanged. The CLARITY bill failed to receive 60 votes in the Senate, causing a setback for one of Trump's encryption policy goals. Approaching the midterm elections, another interest rate hike may increase economic pressure, which could affect the decisions of Kevin Warsh and the Federal Reserve Open Market Committee.

Hyperliquid has bought and destroyed 36700 HYPEs worth approximately $2.84 million at a volume weighted average price of $77.31 in the past 24 hours, resulting in a cumulative destruction of 48.67 million HYPEs worth approximately $3.78 billion, accounting for 4.87% of the maximum supply.