Crypto markets cool, the Nasdaq jumps, and investors digest Fed minutes

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💰 Bitcoin steady after new highs – BTC sideways in brief market cooldown.

🧠 Fed minutes in focus – Investors eye hints of further rate cuts after September’s policy move.

🌐 S&P goes digital – New S&P Digital Markets 50 Index blends crypto and equities, marking deeper TradFi–DeFi integration.

There’s a bit of a lull in markets after the action earlier this week that pushed Bitcoin to a new high of more than $126,000. The market-cap leader remained steady overnight, with the broader crypto market cap dipping a negligible 0.5%.

The latest push to new highs this week could signal seasonal momentum, notes research firm Glassnode in its weekly report. “Seasonally, Q4 has historically been Bitcoin’s strongest quarter, often coinciding with renewed risk appetite and portfolio rebalancing. As broader markets tilt toward higher-beta assets such as crypto and small caps, sustained ETF inflows through October and November could provide a durable tailwind, anchoring confidence and supporting prices into year-end.”

Right now, tech stocks are where the action is, with the tech-heavy Nasdaq up 1.13% since yesterday. This optimism comes after the Fed’s minutes showed that Fed officials in September were strongly inclined to lower interest rates, with the only dispute seeming to be over how many cuts were coming, as CNBC reports. 

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In other news, S&P Global will launch the S&P Digital Markets 50 Index, which will combine cryptocurrencies and publicly traded crypto-linked equities. Blockworks notes that Cameron Drinkwater, Chief Product & Operations Officer at S&P Dow Jones Indices, said the move reflects the growing role of digital assets in global markets, offering consistent tools for evaluation and exposure.

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In the markets… 

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🌍 Total crypto market cap ↘️

The global crypto market cap is approximately $4.26  trillion, down 0.5% from this time yesterday. 

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🟠 Bitcoin (BTC) ↗️

Price: $121,794 up 0.09% in the last 24 h.
Daily high: $124,073
Daily low: $121,594

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📈 S&P 500  ↗️

SPY is currently up 0.58% since yesterday’s close. 

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📈 Nasdaq 100 ↗️

The Nasdaq 100 is up about 1.19% overnight. 

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🤑 Fear & Greed Index

The Crypto Fear & Greed Index stands at 70/100, in Greed.

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*Data is correct as at 09 October 08:14 GMT. 

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Cautionary Notes

‍‍It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.

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