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Latest Crypto Market News Today, October 4: Confusing Weekend as BTC, ETH, XRP Strong Against USD, Altcoin Season Index Going Up, But BTC Dominance Up to 60%

The market is painting a confusing image. Today, BTC and ETH have rallied strongly this week and are capturing every news headline this “Uptober”, while tension mounts as the crypto altcoin season index pushes higher, even as BTC USD remains supreme. The headline numbers are hard to ignore as the BTC USD pair gained sharply, closing …

EU Shoots For ESMA Oversight Over Crypto And Equities

The European Commission is planning major reforms that would make the EU’s (European Union) financial regulator, ESMA’s (European Securities and Markets Authority) oversight a lot more expansive. If the motion goes through, ESMA would be in charge of directly overseeing stock exchanges, crypto companies and clearing houses across the EU bloc. In an article published …

Morgan Stanley Bitcoin Guidance Could Channel $80B Into Crypto

Morgan Stanley has updated its investment guidance and is now suggesting that some clients allocate a small slice of their portfolios to Bitcoin. If taken seriously, that shift could send as much as $40 to $80 billion into the crypto market. The bank is now referring to Bitcoin as a “scarce asset similar to digital …