Happy Tuesday!

Bitcoin, Ethereum are up big after the inflation print delivered a pleasant downside surprise. Is the bear market rally back on the menu?

Circle is falling the second straight day, even though the recent regulatory approval was hailed as a ‘historic’ milestone. What is going on?

Plus, FDA decisions, earnings surprises, and corporate deals can move stocks fast. Benzinga Pro delivers exclusive headlines directly from its newsroom before the broader market reacts. This is how traders stay positioned when momentum starts.

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TOP STORY

Bitcoin Hits $64,000, Ethereum Gains 5% On Ice-Cold Inflation Print: What Is Happening?

Bitcoin popped 2% to $64,000 on a cool CPI print, but analyst Benjamin Cowen warns the setup is tracking a 2018 fake rally that gave back all its gains by September.

The structural breakout looks real — BTC reclaimed the 20-day EMA at $62,955 and pushed RSI above 50 for the first time since late May, but Cowen notes the exact same pattern failed eight years ago.

The more explosive trade is Ethereum, which surged 5% after its three-day SuperTrend flipped bullish, a signal that preceded prior rallies of 72% and 177%…

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See Where Breakouts Begin Before The Market Reacts

FDA decisions, earnings surprises, and corporate deals can move stocks fast. Benzinga Pro delivers exclusive headlines directly from its newsroom before the broader market reacts. This is how traders stay positioned when momentum starts.

MARKET MINUTES

SpaceX and Dogecoin have one thing in common, according to veteran investor Mark Yusko. Elon can make or break both of them — here’s what Yusko means by that.

XRP, Ethereum sentiment has hit a 5-week low, even though the drawdown has, for the moment, stopped. What is going on?

Coinbase CEO Brian Armstrong polled his followers about whether the Bitcoin bottom is in. The answer wasn’t overwhelming but clear nonetheless…

FINTECH FOCUS

Circle President Hails Company's 'Historic' Milestone — So Why Are Shares Falling?

Circle is dropping for the second day in a row despite President Heath Tarbert hailing the firm's newly approved federal trust bank as a "historic" milestone for U.S. crypto.

The paradox: Circle National Trust now places the $73 billion USDC reserve directly under OCC oversight — the regulatory "gold standard"—but investors are focused on fresh competition from the OpenUSDT consortium backed by Visa, Mastercard, Stripe, and Google.

Tarbert pushed back, arguing USDC's first-mover regulatory status and network effects across 34 blockchains are nearly impossible to replicate.

So why is CRCL still going down?

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