Citigroup

The crypto market advanced 1.4% over the past 24 hours to $2.92T as traders leaned into expectations that the Federal Reserve may pause rate hikes. Bitcoin is again challenging the $86K–$87K area, with technical traders watching whether US jobs data can support a move toward $94K or trigger a risk reversal.

Bitcoin is pushing back toward recent highs after the broader crypto market rose 1.4% over the past 24 hours to $2.92T. Traders are watching US labor market data, ETF inflows and the $86K to $87K area for clues on whether a move toward $94K can develop.

Bitcoin closed the third quarter with a powerful advance, outperforming major assets as investors moved capital into crypto investment products. At the same time, a surge in hacks and exploits has put security back at the center of the industry debate.

Oil prices extended their rally as new Strait of Hormuz shipping fees and renewed blockade threats around Iranian ports intensified supply disruption concerns. Technical traders are watching WTI resistance at $88 and Brent momentum toward $90, with $100 emerging as a higher-risk breakout target.

Major brokerages have begun formal coverage of SpaceX after the 25-day post-IPO quiet period expired, with most firms issuing buy-equivalent ratings. Price targets range from $205 to $800 as analysts focus on launch services, Starlink broadband and government contracts.