Monica Markets | Monday October 5, 2026

Greed is still in the room, just a touch quieter than it was a week ago. Bitcoin is holding above $85,900, Solana has pushed past $120, and the Fed's October 27–28 meeting is already shaping how the week trades.

THE MONICA COINS

Bitcoin — BTC

$86,000 (Monica $85,800 | CoinMarketCap $85,930, +1.07% on the day, +4.00% over 7 days)

Bitcoin is holding comfortably above $85,800 to open the week, sitting on a 90-day gain north of 40% even as it remains roughly a third below its all-time high. The SEC's new crypto custody proposal, unveiled October 1 to let registered investment advisers and regulated funds hold Bitcoin directly for clients, has added a fresh layer of institutional legitimacy on top of an already strong run, and SEC Chair Paul Atkins namechecking Bitcoin directly in his announcement gave the market an extra nudge. The next real test is the Federal Reserve's meeting on October 27 and 28, with futures markets currently split on whether a rate hike lands, odds have swung from around 65% a week ago down toward the high-20s to mid-40s depending on the source, making this the single biggest swing factor for Bitcoin's direction through the rest of the month.

Ethereum — ETH

$2,718 (Monica $2,718.88 | CoinMarketCap $2,717.91, +0.75% on the day, +2.95% over 7 days)

Ethereum continues to hold the $2,700 level it reclaimed last week, trading in a tight, steady range with a quieter week behind it than Bitcoin's. The custody rule changes proposed by the SEC apply across digital assets generally, not Bitcoin alone, and Ethereum stands to benefit from the same institutional access questions being resolved.

Solana — SOL

$120.80 (Monica $120.95 | CoinMarketCap $120.64, +0.05% to +0.48% on the day, +2.42% over 7 days)

Solana has cleared $120 for the first time in months, extending a recovery that has been building steadily on the back of network activity and consistent ETF inflows rather than a single dramatic catalyst. It remains the altcoin with the clearest gap between what its network is doing and where its price still sits relative to earlier highs.

BNB

$788 (Monica $787.75 | CoinMarketCap $787.07, -0.37% on the day, +3.69% over 7 days)

BNB is holding just under $800, up nearly 4% on the week despite a small daily dip, continuing the steady climb that has defined much of its recent run.

TRON — TRX

$0.336 (Monica $0.3360 | CoinMarketCap $0.3358, +0.28% on the day, +0.59% over 7 days)

TRX remains the quietest mover among the coins Monica supports, holding tightly in its established range and continuing to earn its keep as the dominant network for global USDT transfers.

Tether — USDT

$1.00 (stable, across five supported networks)

Market cap: approximately $184 billion. Holding its peg cleanly, with essentially zero daily movement.

USD Coin — USDC

$1.00 (stable, across four supported networks)

Market cap: approximately $74 billion. Equally stable, no deviation worth noting.

THE MARKET MOOD

Fear & Greed Index: 67 — Greed

(down from 70 yesterday and 70 last week, though still above last month's reading of 76 at one point)

Sentiment has eased slightly from last week's hotter reading but remains firmly in Greed territory, a market that is confident without yet being reckless. That cooling by a few points is typically a healthy sign rather than a warning one, the kind of pullback in enthusiasm that gives a rally room to continue rather than snap.

THE NAIRA PICTURE

The naira is holding its footing to start the week. The US dollar is trading at ₦1,390 on the sell side and ₦1,375 to buy in the open market, unchanged from where it sat previously, while the CBN's official rate sits at ₦1,330.10, leaving a gap of roughly ₦60 between the official and open markets that has narrowed considerably from where it stood earlier in the year.

The pound and the euro have both softened against the naira this week, the pound down just over 2% to ₦1,880 on the sell side with a CBN rate of ₦1,759.58, and the euro down close to 2.5% to ₦1,590 selling, with its CBN rate at ₦1,496.76. The Canadian dollar eased too, down nearly 1.5% to ₦1,000 selling against a CBN rate of ₦990, keeping it the steadiest of the major currencies this week. Further down the list, the Japanese yen sits at ₦8.45, the Saudi riyal at ₦354.25, the Swiss franc at ₦1,605.62, the Danish krone at ₦200.26, the IMF's Special Drawing Right at ₦1,807.33 and the ECOWAS unit of account at ₦1,801.60, all broadly holding steady.

WHAT TO WATCH THIS WEEK

Global M&A activity just posted its sharpest slowdown in a year, falling 41% quarter on quarter to $993 billion in Q3, the first sub-$1 trillion quarter since mid-2025, as rising borrowing costs and a 10-year Treasury yield sitting above 5.2% make large deals harder to finance, a signal worth watching for what it says about the broader cost-of-capital environment heading into the Fed's late-October decision. The SEC's new crypto custody proposal now enters a 60-day public comment period following Federal Register publication, and any notable pushback or revision during that window could move sentiment well before the rule is finalised. And the big one remains October 27 and 28, when the Federal Reserve's decision will likely set the tone for crypto and risk assets through the rest of the month, however that vote lands.

All crypto prices change every second across global exchanges. Verify your live conversion rate on Monica before every transaction. Eight assets, zero gas fee on all except BTC's transparent $2 network fee, and your naira credited directly to your Nigerian bank account in under 60 seconds.

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