The latest edition of XEROF's weekly newsletter offers important insights into digital assets and high-end living.
Our top digital currency news stories this week are as follows:
- BTC Leads “Uptober” Rally with Over 35% Gains
- ETH Hits $2,100 Amidst BlackRock's Ethereum Trust News
- Cryptoasset Market Update: Notable Gains for Chainlink, THORchain, and Kaspa
We also feature the latest developments in high-end living, including:
- U.S. Northern Cities Shine: Boom in Luxury Real Estate Demand
- Global Luxury Housing Market Surges, Reports Knight Frank
- Record-Breaking Luxury Home Sales in Aspen
BTC Leads “Uptober” Rally with Over 35% Gains
In the recent “Uptober” cryptoasset rally, BTC surged over 35%, with assets like LINK experiencing significant gains. Furthermore, increased trade volumes in ETH and BTC signify more widespread market participation, which strengthens the validity of price signals. The open interest in Bitcoin and Ethereum futures has exceeded $20 billion, primarily due to institutional capital, and spot volumes of the cryptocurrency have sharply recovered after falling to three-year lows. XEROF remarks that growing interest from institutional investors and a scarcity of sellers, combined with relatively low volatility, indicate a market entering a new phase, potentially marking the beginning of the next bull market.
ETH Hits $2,100 Amidst BlackRock's Ethereum Trust News
On Friday, cryptoasset prices and associated stocks extended gains, with Ethereum reaching $2,100 following BlackRock's iShares Ethereum Trust registration. The surge aligns with the coin's Shanghai upgrade to a proof-of-stake network, reaching near its 2023 peak of $2,135 overnight. XEROF notes a significant 74% year-to-date jump for ETH.
Cryptoasset Market Update: Notable Gains for Chainlink, THORchain, and Kaspa
Santiment reported profitable days for the cryptoasset market last week, especially for altcoins. Among the top 100 tokens, Chainlink, OKB, THORchain, Kaspa, and NEO stand out with significant gains. Chainlink outpaces Bitcoin's 15% rally, while THORchain and others surge by 30% or more. These gains triggered substantial demand in the broader digital currency market, leading to gains for other altcoins. XEROF highlights Kaspa as last week's top gainer, reporting an 80% price increase.
Luxury Real Estate News
U.S. Northern Cities Shine: Boom in Luxury Real Estate Demand
Luxury real estate markets in northern cities, previously deemed less favourable during the pandemic, are now witnessing heightened interest, surpassing the national average, according to Realtor.com. Notably, the Bridgeport metropolitan area in Connecticut, greater New York City, and the broader Chicago region stand out as the sole luxury markets with a year-over-year increase in online property listing views during the third quarter.
Global Luxury Housing Market Surges, Reports Knight Frank
According to the Knight Frank Prime Global Cities Index, there is a global upswing in the luxury housing market, with average annual prices rising 2.1% across 46 markets in one year. Lisbon secures the 13th spot globally and ranks third among European cities, following Madrid (5th) and Stockholm (6th). According to a recent report from the consultancy, 67% of the cities under investigation saw price increases over the previous year, indicating a positive trend in the luxury real estate market worldwide.
Record-Breaking Luxury Home Sales in Aspen
In Aspen, properties priced at $10 million or higher represent nearly half of all home sales in the resort community. September witnessed a record-breaking sale, with one home fetching $76 million, marking the highest sale to date in this ski town. Additionally, this summer saw another milestone as an Aspen property, initially listed at $105 million, set a record for the city's highest listing price.
XEROF is a Swiss-licensed Crypto Gateway that offers exchange services for customers who possess crypto wallets and want to use them as fiat currency to purchase real estate properties and luxury goods.Learn more about XEROF