Bitcoin, XRP, Ethereum, Dogecoin, Solana prices jump as Cryptocurrency shares rise in US Stock Market. Details here

In Cryptocurrency market, the world’s largest and second largest Crypto, in terms of market valuation, Bitcoin and Ethereum were up by around 3 per cent. Other prominent crypto such as XRP, Solana, Dogecoin were also trading high. US Stock Market futures edged higher on Monday. S&P 500, Nasdaq, Dow Jones investors awaited earnings from corporate heavyweights and a delayed inflation report that could trigger fresh market moves later this week. Among early movers, cryptocurrency stocks rose in premarket trading after bitcoin gained for the third straight day. Bitfarms jumped 11.2 per cent, while Strategy rose 3.4 per cent. Riot Platforms advanced 3.7 per cent and MARA Holdings was up 4.4 per cent.

Bitcoin was trading at 110,990.79, Ethereum traded at 4,040.95, XRP at 2.4671, Solana at 191.95, Dogecoin was trading at 0.200300.

The U.S. government shutdown has stalled key economic data releases since October 1, but attention now turns to the consumer price report, a closely watched inflation gauge that is due on Friday, just ahead of the Federal Reserve’s policy meeting on October 28-29.
September’s core inflation is expected to hold steady at 3.1 per cent.

“There’s still no sign of a compromise between Republicans and Democrats that would see the government re-open. In terms of the market implications, this is still affecting the flow of economic data, so we’re not getting regular releases,” Henry Allen, macro strategist at Deutsche Bank, said.

Meanwhile, the Fed has not pushed back against rate-cut expectations, and futures are pricing in a quarter-point easing this month, with another reduction likely in December.

FAQs

Q1. What are top three indexes?
A1. Top three indexes are S&P 500, Nasdaq, Dow Jones.

Q2. How are Bitcoin, Ethereum performing?
A2. Bitcoin and Ethereum were up by around 3 per cent. Other prominent crypto such as XRP, Solana, Dogecoin were also trading high. Bitcoin was trading at 110,990.79, Ethereum traded at 4,040.95, XRP at 2.4671, Solana at 191.95, Dogecoin was trading at 0.200300.