Why Are Stocks at Record Highs with no Iran Resolution? - J.P. Morgan

Bitcoin is attempting to break through an “inflection frontier” that has historically triggered runs to new macro highs. Key points:Bitcoin (BTC) may continue to new all-time highs if it successfully breaks through its 20-month moving average at $87,165, CryptoQuant reported. The market cycle signals metric showed BTC/USD poised to reclaim this “inflection frontier,” which it lost in December 2025. CryptoQuant’s bull-bear market cycle indicator continued to show Bitcoin as being in a bull market. Analysis: Bitcoin “reset” complete as key trend line reappearsData from onchain analytics platform CryptoQuant reveals that BTC/USD has begun a fresh battle with its 20-month simple moving average (SMA). The 20-month SMA, at $87,165 as of Oct. 16, is the trend line around which the popular Bollinger Bands metric is constructed. This in turn forms the basis for CryptoQuant’s market cycle signals tool, which seeks to pinpoint Bitcoin’s position within its market cycle. Bollinger Bands uses standard deviation to add an upper and lower band around the 20-month SMA. Currently, these sit at $121,640 and $52,694, respectively.

Bitcoin, Nasdaq futures and Asian stocks rally as stronger-than-expected China GDP and falling oil prices lift risk appetite.

The service will initially support bitcoin, ether and the stablecoins USDC, EURC and EURAU, with the bank managing clients’ wallets and private keys.