President Trump has confirmed a meeting with Chinese President Xi Jinping on October 31, raising speculation about potential impacts on the crypto market. Meanwhile, banks are under renewed stress, with Strike CEO suggesting Bitcoin could benefit if the Federal Reserve intervenes, potentially driving BTC prices higher. In other developments, BitMine chair Tom Lee speculates that Ethereum might surpass Bitcoin, drawing parallels to Wall Street's shift from gold post-1971. Ripple is reportedly launching a $1 billion fundraising effort to acquire XRP for a new digital asset treasury, signaling increased Wall Street interest in crypto treasuries. Additionally, public companies have accumulated $19.3 billion worth of Ethereum in Q3, accounting for 95% of corporate ETH purchases, indicating a significant institutional interest. Analyst Crypto Gucci predicts Ethereum could experience a major supply shock with three active supply vacuums, potentially driving prices higher.
Crypto Market Awaits Key Developments Amid Global and Institutional Moves
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