Happy Monday, traders! Let’s make this week awesome!

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💬 Geoff Kendrick, Standard Chartered's global head of digital assets research, stated that while risks in the Middle East may push Bitcoin price lower, investors should view this as a buying opportunity, especially with Donald Trump’s increasing chances in the U.S. presidential election race.

In a recent note, analysts predicted that BTC could reach new highs by the end of the year, regardless of the election outcome — potentially rising to $125,000 if Trump wins or $75,000 if Kamala Harris does.

📼 The U.S. unemployment rate in September was 4.1%, lower than the expected 4.2%, with non-farm payrolls at 254,000, exceeding the 140,000 forecast.

📼 Kraken received a BMA license from the Bermuda Monetary Authority to launch a regulated derivatives trading platform.

📼 An upcoming HBO documentary, “Money Electric,” will unveil the true identity of Bitcoin's creator.

📼 The SEC and DOJ support a class action lawsuit against Nvidia for allegedly misleading investors about crypto mining's impact on its revenue from 2017-2018.

? MicroStrategy has acquired another 7,420 BTC at an average price of $61,750 per Bitcoin.

? BingX suffered a security hack on its hot wallet, resulting in the loss of $43 million in crypto.

? Asset manager Franklin Templeton plans to launch a mutual fund on the Solana blockchain.

? The court has dismissed MetaMask developer ConsenSys' lawsuit against the SEC.

Macroeconomic factors keep pushing BTC up!
1. BTC continues its upward trend, fueled by the Fed’s rate cut, the Bank of England’s pause in cuts, and the Bank of Japan holding rates. BTC is now trading at $63,536, up by 2% in 24 hours.

2. Yesterday, both spot BTC and ETH ETFsrecordednet inflows of $158.21 million and $5.24 million respectively.

3. Whale Alert reports that five wallets from the Satoshi era, each containing 50 BTC mined in January 2009, have transferred their coins to new, unidentified addresses.

4. According to Steno Research, the Federal Reserve's interest rate cut earlier this week will result in increased on-chain activity, which will strongly benefit Ethereum.

5. Analyst @ali_charts points out that Bitcoin is testing the 200-day SMA, a critical level for confirming the bull run. Past failures to maintain this support led to significant corrections. A rejection now could signal issues for BTC.