INSUBCONTINENT EXCLUSIVE:
bolstered in part by seasonal factors as well as supportive comments overall from United States Federal Reserve Chairman Jerome Powell on
Thursday.In testimony to Congress, Powell said the Fed had no intention of banning cryptocurrencies, in response to a question from House
Representative Ted Budd.Some analysts also said October is typically a bullish month for digital assets, with September historically a
bearish period for the sector."The digital asset market is benefiting both from the seasonality effect as well as generally positive market
fundamentals," said Ulrik K.Lykke, founder of crypto assets hedge fund ARK36."Q4 has often seen strong performances and the expectation the
trend will continue this year can become a self-fulfilling prophecy
research at Enigma Securities in London, also said spiking volumes on crypto derivatives exchanges was a possible driver for the moves
smallest since mid-August, data from the Commodity Futures Trading Commission released on Friday showed.
