Bitcoin and ether shrug off weekend losses

Crypto recovery continues as Bitcoin retakes $91,000

“While last week ended poorly for crypto assets, raising fears of a renewed drop, the new week looks much more positive. While bitcoin spent the weekend below $90,000 and ether stumbled below $3000, buyers took the chance to jump on board, renewing the move higher. This should remind investors that bottoms are processes, not single events. The dip last Monday found buyers, as did the weekend’s losses, and a close back above last week’s high would reinforce the view that a low has formed for the time being.”

In the news - EU Commission pushes for broader oversight

“The European Commission's proposal to centralise crypto oversight under ESMA would replace national regulators with a single authority modelled on the SEC. France and Germany support the move, though Luxembourg and Malta have raised concerns about bureaucracy and competitiveness. Meanwhile, US states like Indiana, Oklahoma and Wyoming are expanding crypto pension access. Europe's approach aims for consistency across member states, but the extended timeline means crypto firms will be watching whether the benefits of harmonisation outweigh the wait for clarity.”

What we’re watching – Fed rate cut widely expected

“This week’s Fed decision is perhaps the last major hurdle in trading for the full year. A cut is viewed as highly likely, across futures pricing, prediction markets and among economists, as the weakening jobs outlook pushes Powell and co to act. Equity markets have already rallied ahead of the decision over the last three weeks, while crypto’s recovery seems to be only just getting started. Looser monetary policy should see renewed flows into crypto, with the situation intensified by the recent pullback creating more potentially attractive longer-term entry opportunities.”