Morning Minute: Uptober Off to a Green Start
Summary
Bitcoin rose 2.07% to $86,500 on Sunday, while Ethereum and most top cryptocurrencies also gained. Spot Bitcoin ETFs recorded $134.4 million in inflows over two days, reversing September’s closing outflow. Several altcoins, including Pump.fun and LayerZero, posted larger gains. The newsletter suggests crypto-native funds may be driving the rally, since ETF flows were relatively quiet, and argues that token buybacks could attract investors after a recent SEC statement. It also predicts the market may be at a four-year-cycle bottom, but this is speculative and depends on no major negative events.
