Analysis

EUR/USD halts its four-day winning streak, trading around 1.0870 during the Asian session on Friday.

Ethereum has garnered notable attention following an uptick in funding rates—a measure used to gauge the demand balance between buyers and sellers in futures contracts.

The TRON network has been making a notable impact across altcoin ecosystems, regaining its position as the leading blockchain for transaction volume among major altcoin chains.

Australia equities were lower at the close on Friday, as losses in the Gold, Healthcare and Financials sectors propelled shares lower.

The AUD/JPY pair remains subdued for the second day, hovering around 100.00 during the European session after the release of mixed Q3 Producer Price Index (PPI) data on Friday.

This trend signifies a growing inclination among investors to hold onto their Bitcoin rather than sell it, which can create upward pressure on prices as BTC inches closer to its all-time high level of $73,700 reached in March. 

Japan equities were lower at the close on Friday, as losses in the Transportation Equipment, Rubber and Pharmaceutical Industry sectors propelled shares lower.

EUR/GBP inches lower after two days of gains, trading around 0.8430 during the early European hours on Friday.

TradingKey - Earnings season in the US is in full swing and one of the companies that is watched to get a gauge on the health of the Chinese consumer is global beauty and cosmetics company Estee Lauder Companies Inc (NYSE: EL).

MicroStrategy has shocked the crypto community with its latest plans to increase its Bitcoin stash by 4X with an impressive $42 billion capital plan. Known for its unwavering Bitcoin accumulation strategy, MicroStrategy has consistently purchased BTC.

The Australian Dollar (AUD) edges lower against the US Dollar (USD) following two days of gains, as Australia's mixed Producer Price Index (PPI) data for the third quarter was released on Friday.

Donald Trump jumped into Bitcoin whitepaper’s 16th anniversary with a direct message to Bitcoin supporters on X.

The Gold price (XAU/USD) recovers some lost ground on Friday. The uncertainties surrounding the US presidential election and the ongoing geopolitical tensions in the Middle East provide some support to the precious metal, a traditional safe-haven asset. 

Solana trimmed gains and traded below the $175 support zone. SOL price is now approaching the $165 support and might bounce back in the near term.

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Rosenblatt Securities suspended its rating, price target, and estimates for Super Micro Computer (NASDAQ:SMCI) stock, citing financial uncertainty following recent developments.

West Texas Intermediate (WTI) Oil price holds steady on Friday during Asian trading hours, around $70.20 per barrel, following gains in the previous session.

Nebulor, a Cardano supporter, recently shared his sentiment on Twitter/X, saying that ADA is fast emerging as the “main character” of the current bull cycle.

Funding for a new batch of VC projects expanded in October, after a slowdown in the preceding month. A new series of high-profile rounds showed crypto building did not stall. 

SYDNEY (Reuters) - Asian markets started a likely momentous month on the cautious side, with shares mostly lower and Treasury yields near three-month highs on Friday, while investors wait for U.S. payrolls data, although a rate cut next week is largely baked in.