Cryptocurrency Prices by Coinlib
How stablecoins are altering cash flows
On this patch of your weekly Dispatch:
- The busy stablecoins market
- Altcoin ETFs: flows and traits
- Inflation: Expectations and actuality
Market solid
BTC: Value stays in vary with cooling momentum
On the weekly chart, bullish momentum continues to ease. The Stochastic, a momentum oscillator, is popping down from overbought territory, which may sign momentum exhaustion, and the histogram of the MACD, a development and momentum indicator, has began to say no. The worth remains to be holding above $80,000 on a weekly closing foundation, regardless of a quick dip under it final week. The RSI, one other momentum oscillator, is impartial, and the ADX, which measures development energy, is near ranges typical of a range-bound market.
On the day by day chart, the worth is sitting on the 50-period easy transferring common (SMA), a stage that has been examined many occasions and continues to behave as dynamic help. The following check on the upside is the center Bollinger Band, a volatility-based indicator that tracks the 20-period SMA. The RSI is impartial, whereas the Stochastic is at very low ranges. The ADX is low and falling, which is typical when there is no such thing as a robust development.
Key ranges to observe: on the draw back, help sits on the spherical $80,000 stage, adopted by the $75,000-$76,000 zone, with the 50-period day by day SMA additionally performing as dynamic help. To the upside, resistance is available in round $84,000, adopted by $87,000.
The massive thought
How stablecoins are scaling in 2026
Twelve months in the past, Bitcoin peaked above $126,000 and the stablecoin market stood at about $300 billion. By the tip of June, Bitcoin had retraced considerably, however it has nonetheless recovered above $80,000. By way of all of it, the stablecoin market barely moved: roughly $300 billion on the peak, on the low and at the moment. Beneath that stillness, use saved rising. Every day lively addresses on USDT and USDC are up 61% on a yr in the past, per Glassnode. Blockchain analytics agency Allium estimates end-user funds reached $482 billion by means of September, up 45%, whereas provide rose 0.4%.
That hole between a flat steadiness sheet and rising exercise defines the market. Customary Chartered has moved its $2 trillion forecast from 2028 to 2030, citing weak crypto exercise. 5 traits present what's altering, and the place it factors.
Stablecoin quantity is outrunning provide: Mixed day by day lively addresses on USDT and USDC averaged about 490,000 over the previous 30 days, roughly 4 occasions the extent two years in the past. Deal with counts are usually not distinctive customers, and development has been flat since January. Allium counts greater than 1 billion funds by means of September, up 71%, quicker than their worth, so the common cost is getting smaller, which inserts on a regular basis use. Stablecoin card spending reached $3.9 billion, ten occasions the prior yr, although it stays about 0.03% of a serious card community’s quantity. Uncooked switch figures overstate exercise. Allium classifies simply 2.5% of $97.9 trillion in uncooked transfers as end-user.
Stablecoin paymentare cheaper and quicker, with gaps: A 3rd-quarter report from a stablecoin funds community finds {that a} $200 remittance over stablecoin rails value a median of 1%, against 6.36% for conventional remittances on World Financial institution information. That's about 84% cheaper, though the comparability units 2026 pricing towards 2025 figures, and the community has a industrial curiosity within the consequence. The identical report places a $10,000 enterprise switch to the eurozone at a median of $52, towards $135 to $150 for a financial institution wire. Payouts reached native accounts in two to 3 minutes in Brazil, Mexico and Colombia, the place SWIFT sometimes settles the subsequent enterprise day.
Reliability is the open merchandise. Completion charges ranged from 98.6% in Mexico to 73% in Costa Rica. A cost wants a stablecoin steadiness just for the minutes it takes to settle, so extra, cheaper, quicker funds can add visitors with out including a lot to the quantity sitting nonetheless.
Stablecoins now compete for money: A BIS working paper revealed final week finds that greater financial institution deposit charges have been adopted by slower stablecoin development. The impact was stronger for USDC than for USDT and didn't seem in different cryptocurrencies. Stablecoins are held as a money various, weighed towards what a financial institution pays. The paper’s pattern ends in June 2025, so it can not clarify the present plateau, and it doesn't present that stablecoins scale back whole deposits or lending. Banks are competing on two fronts, deposit pricing and product, with coalitions within the US and Europe constructing their very own stablecoins and tokenized deposits.
The sphere is widening: USDT and USDC nonetheless maintain about 85% of provide, the identical share as a yr in the past, per Glassnode. Exterior them, provide is flat at about $43 billion a yr in the past and $44 billion now, however not static. A number of newer reserve-backed cash greater than doubled, whereas an artificial coin misplaced greater than half its provide. Reuters stories that issuers are increasing into about 40 rising markets. Card networks and cost processors added stablecoin balances, playing cards and payout prefunding to present merchandise final week.
The place that is heading: The US GENIUS Act is because of take impact in January 2027. Customary Chartered expects its implementation, and any comparable guidelines overseas, to form how a lot competitors bank-backed and multi-issuer cash deliver to the incumbents.
Provide reveals how a lot cash sits in stablecoins. Utilization reveals how usually it strikes, and balances can keep flat whereas that visitors builds. For the 2 to converge, three issues matter. Crypto markets may get well and restart issuance, which Customary Chartered notes has adopted previous plateaus. Deposit pricing may hold shaping the place money goes. New entrants and clearer guidelines may herald balances that aren't right here at the moment. The solutions will present up first in whole provide, lively addresses and end-user cost quantity. For now, the market is a flat line with an amazing deal transferring beneath it, at decrease value and in much less time than conventional rails, on the proof to date.
Bitcoin
Bitcoin holds its floor as macro information bites
Bitcoin examined $80,000 final week. Sizzling inflation information, with producer costs up 6.3% over 12 months, pushed it to its lowest stage since mid-September. It has recovered to about $82,000, roughly a 3rd under its October 2025 peak.
The ground seems firmer than the headlines recommend. In line with Glassnode, this downturn by no means closed under the common value paid by all holders, long-term holders have largely stopped promoting at a loss, and holders in revenue now spend about 4 cash for each one spent at a loss, a steadiness seen in previous recoveries. Final week’s dip briefly took Bitcoin beneath $81,500, the common value paid by US spot ETF buyers, and it has since recovered above it.
Above, the image is heavier. Consumers from the previous two years sit close to break-even round $88,000 and have halted two rallies this yr, and the ETFs have been web sellers since October 7. The Fed meets subsequent week, on October 27 to twenty-eight.
Altcoin advanced
A rally pauses, the build-out continues
Altcoins enter the week on the again foot. An estimated $134 billion has left the group up to now 15 days, and almost half of exchange-listed tokens now commerce under their 200-day common. Bitcoin’s share of whole crypto worth has risen to about 60% by some measures.
Institutional holders haven't rushed for the exit. US spot ether funds misplaced $542 million within the week to October 9, however cumulative inflows nonetheless stand at about $13 billion and the funds are up about $930 million this yr. Solana funds ended a report 14-week influx run but retain about $1.6 billion in web inflows, and XRP funds’ first weekly outflow in 13 weeks, final week, was simply $1.8 million.
The networks hold constructing. Solana’s Alpenglow improve, scheduled for Wednesday, goals to chop finality from about 13 seconds to 150 milliseconds, and Ethereum’s Glamsterdam is in testing. Solana already holds $15.5 billion in greenback stablecoins.
TradFi traits
Chip shares stumble after a robust run
For a lot of 2026, AI has been one of many market’s strongest themes, with chipmakers at its middle. Final week, that run hit a pointy reversal.
The Philadelphia Semiconductor Index fell for eight straight classes by means of Friday, October 16, its longest dropping streak since 2008 by most accounts. It misplaced about 16%, wiping greater than $1 trillion from chipmakers’ market worth. Doubts over AI spending, after the Monetary Instances reported that OpenAI’s annualized income was close to $50 billion towards a roughly $70 billion determine that had circulated, and September inflation of three.7%, which revived rate-hike bets, drove the sell-off. A 5.5% drop in South Korea’s KOSPI on October 13 added to the strain.
Demand shouldn't be the issue. TSMC’s third-quarter revenue rose 68.7%, but its US-listed shares fell. The strain factors are funding prices and expectations.
The week's most attention-grabbing information story
Bitcoin shrugs off the Fed, flinches at inflation surprises
Bitcoin has had two very totally different reactions to tightening. When the Fed raised charges 1 / 4 level on September 16, it barely dipped and stood greater than a tenth greater per week later, in response to Glassnode. When September inflation got here in above forecasts final week, it dipped inside minutes, and sizzling producer costs pushed it under $80,000 earlier than it recovered to about $82,000.
The distinction is expectations. Core inflation is a modest 2.6%, however family inflation expectations have climbed to their widest hole over it in three years, and headline inflation of three.7% is energy-led. To date, Bitcoin has absorbed the strikes markets anticipated and flinched on the ones they didn't, recovering every time. The following check is the Fed assembly on October 27 to twenty-eight, the place markets value about an 85% probability of a maintain.
The numbers
The week’s most attention-grabbing numbers
$39.2 billion – Tokenized real-world belongings held onchain as of October 16, per RWA.xyz.
85% – Drop in long-term Bitcoin holders’ realized losses since August 12, per Glassnode.
20,338 – Bitcoin wallets holding 10 to 10,000 BTC, an all-time excessive, per Santiment.
Sizzling subject
What the neighborhood is discussing
Is AI a cause for concern in markets?
Thankfully, Black Monday was evaded.
The final step before the rally continues?
Dispatch is a weekly publication by Nexo, designed to help you navigate and take action in the evolving world of digital assets. To share your Dispatch suggestions and comments, email us at [email protected].
This content material is for informational functions solely and doesn't represent funding, authorized, or tax recommendation. Crypto belongings are extremely unstable and their worth can go up or down considerably, together with to zero. Previous efficiency and historic correlations are usually not indicative of future outcomes. Nexo has a industrial curiosity within the adoption of digital belongings.
The supply and use of any services or products made accessible by means of Nexo US LC (“Nexo US”) are topic to the relevant phrases and situations on the Nexo US platform. This message is for informational functions solely and doesn't represent monetary, funding, authorized, or tax recommendation. Any choice you make based mostly on this data is solely your duty. Nexo US offers the person interface and routes consumer directions to third-party service suppliers. Funding advisory providers for eligible digital asset methods are offered by Gravitalix Monetary, LLC (“Gravitalix”), an funding adviser registered with the U.S. Securities and Change Fee. Registration with the SEC doesn't indicate a sure stage of talent or coaching. Please evaluation Gravitalix’s Type ADV and associated disclosures fastidiously earlier than investing. Digital belongings are usually not cash or authorized tender, are usually not backed by any authorities or central financial institution, and are usually not insured or assured by any governmental or non-public insurance coverage scheme (together with FDIC or SIPC). Any charges, yields, or rewards displayed within the Nexo US app or associated supplies are topic to alter, could also be decreased or discontinued at any time, are usually not assured, and might not be accessible in all jurisdictions or for all shoppers. Previous efficiency shouldn't be indicative of future outcomes.
Digital Asset providers are offered by Bakkt Monetary Options I, LLC (NMLS ID 1890144) by means of a software program licensing settlement between Bakkt Monetary Options I, LLC (“Bakkt”) and Nexo US LLC. Bakkt shouldn't be a registered broker-dealer and isn't a member of SIPC or FINRA. Digital belongings are usually not FDIC- or SIPC- insured. Bakkt Monetary Options I, LLC is licensed to have interaction in digital foreign money enterprise exercise and cash transmission by the New York State Division of Monetary Providers. Digital asset borrowing requires enough collateral. Failure to keep up collateral worth resulting from market volatility could consequence within the liquidation of your belongings. Please be certain that you totally perceive the dangers concerned earlier than buying and selling. See right here for Bakkt Licenses and Bakkt Disclosures. For those who not want to obtain advertising and marketing communication from us, together with product updates, trade information and unique promotions, click on right here.