10.27 crypto market hot news: BTC faces pressure and turns bearish, ETH is strong and waiting to break, institutional actions draw follow.



1. BTC: After a bullish breakout with volume, it encountered resistance and has turned bearish, waiting for entry.

Driven by the positive news of the easing of Sino-U.S. trade tensions, BTC has achieved a volume breakthrough, and the current price is approaching the first strong resistance level on the daily chart. Combining this with technical performance, the short-term strategy has shifted to a focus on bearish positions, and there is no rush to enter the market. The plan is to wait for the price to form the next high or the second high point before deciding when to place short orders.

2. ETH: Steady at the 4100 mark, focusing on the resistance zone of 4250-4300

ETH continues to perform strongly, having fully stabilized above the 4100 dollar mark, with upward momentum still being released, and there is a high probability of further upward space in the short term. Attention should be focused on the resistance strength in the 4250-4300 dollar range, and currently, it is mainly a wait-and-see approach until a breakout signal is clear or a pullback stabilizes before taking action.

3. Ghana: The timeline for the introduction of encryption regulatory legislation has been finalized.

The Governor of the Bank of Ghana recently revealed that the country's encryption currency regulatory framework will be officially introduced by the end of 2025. This move will provide a clear compliance framework for the local crypto market, helping to regulate industry development and reduce investment risks.

4. JPMorgan: Open BTC and ETH as loan collateral.

JPMorgan announced plans to allow global institutional clients to use Bitcoin and Ethereum as collateral for loans by the end of this year, with the collateralized tokens being held by third-party custodians. This move marks a further integration of encryption into the traditional financial system, as the bank's CEO had previously dismissed Bitcoin as a "pet rock." This shift highlights the trend of mainstreaming crypto assets.

5. Sharplink Gaming: Increased holdings of 19,000 ETH, with a position value of 3.58 billion USD.

The US-listed company Sharplink Gaming has recently significantly increased its holdings by 19,000 ETH, bringing the total value of its holdings to $3.58 billion. As one of the largest corporate holders of Ether in the world, its ongoing accumulation may reflect institutional confidence in the long-term value of Ethereum.
BTC-0.92%
ETH-2.42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)