BTC staged a 3.17% intraday rebound to about $115,000, but faces stiff resistance at $116,000–$116,500; sustained spot demand is required to rebuild a sustainable uptrend.
ETH, BNB, SOL and XRP led the bounce (ETH +8.2% to $4,140; BNB +14% to $1,288). The breadth of recovery across the market helps, but ETF flows this week will determine durability.
Macro risk: Spot gold hit a record $4,059.30/oz and President Trump reaffirmed tariffs for November 1 with geopolitics and trade policy remaining primary tail risks.
Crypto markets recovered Monday as Iran nuclear talks progress and the Strait of Hormuz blockade remains without escalation. BTC approaches $74,000, but elevated equity correlation and fragile technicals keep the risk-reward unclear.
The HKMA handed its first approvals to the banks that already print the Hong Kong dollar. That tells you everything about what these tokens are meant to be.
Geopolitical pressure from the Strait of Hormuz standoff continues to weigh on BTC, which has failed to sustain gains above $72,500 even as whale selling dries up and leveraged shorts accumulate.
BTC retreated from a weekend high near $73,000 after the U.S. announced naval interdiction of vessels transiting the Strait of Hormuz, compounding an already fragile market structure.
