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#OctoberMarketPrediction
Key Developments of the Last 24 Hours
The latest meeting between US President Donald Trump and Chinese President Xi Jinping did not deliver the constructive signals markets were hoping for. While no clear progress has been made toward a concrete trade agreement between the two countries, uncertainty persists. The US Federal Reserve's recent hawkish rhetoric has also weakened investor sentiment, significantly increasing selling pressure in the cryptocurrency markets.
The total cryptocurrency market capitalization stands at $3.68 trillion, while Bitcoin opened the new day at $109,675. Ethereum was trading at $3,835, XRP at $2.48, and Solana at $185.19. Yesterday, Bitcoin ETFs saw a total outflow of $488 million, while Ethereum ETFs saw an outflow of $184 million. Spot Solana ETFs, on the other hand, recorded a net inflow of $37.33 million, marking the third consecutive day of net inflows.