Bitcoin | Crypto

Bitcoin absorbs volatility better than before, but the cost-basis zone remains crucial for continued upside.

This month saw the first “Uptober” in seven years to finish with Bitcoin in the red. Meanwhile, BNB takes off thanks to memecoins. Bitcoin (BTC) is about to disappoint investors, as it’s on the verge of ending October, a historically good month, in the red. Meanwhile, BNB Chain has seen record activity as token prices jumped at the beginning of October. In the EU, the territory is still shifting as countries decide whether to support the “Chat Control” proposal, with nine opposing it outright. Concern over the lack of support saw lawmakers in Brussels delay their decision on the controversial regulation until December. While the US government shutdown has ground to a halt most federal business, including decisions on crypto exchange-traded projects, crypto bills in four states moved ahead this month. Read more

This month saw the first “Uptober” in seven years to finish with Bitcoin in the red. Meanwhile, BNB takes off thanks to memecoins. Bitcoin (BTC) is about to disappoint investors, as it’s on the verge of ending October, a historically good month, in the red. Meanwhile, BNB Chain has seen record activity as token prices jumped at the beginning of October. In the EU, the territory is still shifting as countries decide whether to support the “Chat Control” proposal, with nine opposing it outright. Concern over the lack of support saw lawmakers in Brussels delay their decision on the controversial regulation until December. While the US government shutdown has ground to a halt most federal business, including decisions on crypto exchange-traded projects, crypto bills in four states moved ahead this month. Read more

Bitcoin has become a $2 trillion asset in the 17 years since Satoshi Nakamoto published the white paper, but it faces its first red October since 2018. Update Oct. 31, 6:31 p.m. UTC: This article has been updated to include comments from Narek Gevorgyan, the founder and CEO of CoinStats. Bitcoin’s foundational document turned 17, marking the journey of the world’s first decentralized digital currency from a niche financial experiment to a $2 trillion global asset held by governments and institutions. Bitcoin creator Satoshi Nakamoto first shared the Bitcoin white paper 17 years ago today, on Oct. 31, 2008, in response to the global financial crisis. Read more

Canaan will supply 4.5 megawatts of water-cooled Bitcoin mining ASICs to a Japanese engineering firm for real-time grid balancing and energy optimization. Mining hardware producer Canaan won a contract to supply 4.5 megawatts (MW) of Bitcoin mining application-specific integrated circuits (ASICs) for a project designed to help stabilize Japan’s electric grid. According to a Thursday announcement, the company will supply an electrical engineering solutions provider Bitcoin mining ASICs with a capacity of 4.5 MW. The project will deploy Canaan’s new Avalon A1566HA-488T water-cooled mining ASICs for “real-time grid balancing and energy-efficiency optimization,” Canaan said. The mining operation will run continuously and utilize controlled overclocking and underclocking, adjusting power consumption to stabilize the regional grid load. Canaan’s proprietary control systems will dynamically adjust frequency, voltage and hashrate to match power supply and demand. Read more

For more than a decade, October has been one of Bitcoin’s easiest months to be bullish. Historically, it has delivered average gains of about 22.5%, helped by post-summer liquidity, year-end portfolio positioning, and, more recently, steady demand from US investment products. As a result, confidence in that pattern was high again this year. And true […] The post Here is why Bitcoin registered its first red October in 7 years appeared first on CryptoSlate.

“Uptober” has turned into a red month for Bitcoin, with Fed rate cut hopes and easing US-China trade tensions doing little to uphold BTC prices. Key takeaways: Bitcoin is set to end October in the red, breaking a six-year “Uptober” streak. Traders are divided, with some fearing a significant correction ahead, while others still anticipate new highs in Q4. Read more

Coinbase recorded another profitable quarter with $432.6 million in net income in Q3 on the back of $1.9 billion in revenue, while Coinbase’s Bitcoin holdings rose by 2,772 BTC. Coinbase’s Bitcoin stash grew by 2,772 BTC during the third quarter as it doubled down on its Bitcoin strategy and continued work to become an “Everything Exchange.” Coinbase’s Bitcoin (BTC) holdings have now reached 14,548 BTC, valued at $1.57 billion, according to its Q3 report on Thursday. Meanwhile, net income increased over fivefold to $432.6 million year-on-year, and total revenue rose to $1.9 billion, up 55% from a year ago.  This was bolstered by transaction revenue, which climbed to $1.05 billion, while subscription revenue — including stablecoin revenue and blockchain rewards — rose 34.3% year-on-year to $746.7 million. Read more

Bitcoin drops to fresh lows despite every bullish outcome that traders forecast being confirmed. Are investors’ worries about an artificial intelligence sector bubble adding weakness to BTC? Key points:  Bitcoin charts suggest downside to $103,800 and a final flush below $100,000 as the most likely outcome in the short term.  Investors are concerned that the CAPEX expansion by Big Tech companies for their AI infrastructure reflects a speculative-driven market.     Read more

Market watchers view current weakness as cyclical, not structural, a pause before liquidity returns to Bitcoin.

Bitcoin MACD’s bearish crossover and the duration after BTC’s last halving could be signs that the 2025 bull run is over, or is this time different? Key takeaways: Bitcoin’s bearish MACD cross and engulfing candle on the three-week chart signal a cycle top.  Market analysts suggest that 558 days post-2024 halving indicate the Bitcoin bull cycle’s top is imminent. Read more

Every few months, headlines warn of a looming multi-billion-dollar options expiry poised to shake Bitcoin price. This quarter’s figure, roughly $13 billion in notional contracts, sounds dramatic, yet it’s part of a well-worn pattern on Deribit, the exchange that clears nearly 90% of Bitcoin’s options open interest. The real story isn’t the size of the […] The post Why $13B in Bitcoin options expiring this week is a price nothing burger appeared first on CryptoSlate.

Bitcoin fell to the bottom of its local range as traders lost over $1 billion as a result of the surprise BTC price downside after the Fed interest-rate cut. Key points: Bitcoin revisits the bottom of its local range in a fresh dive after the Federal Reserve interest-rate cut. Traders betting on upside get punished, with long liquidations nearing $1 billion. Read more

The Federal Reserve just cut the policy rate by 25 basis points, moving the target range to 3.75% to 4.00%. However, futures markets have now removed the prospect of a further cut in December. Before yesterday’s FOMC meeting, many traders expected a third rate cut because inflation had gradually eased, the labor market showed signs […] The post Fed cancels December rate cut, 18% chance of hike, slowing Bitcoin rally appeared first on CryptoSlate.

Bitcoin fell 35% after the Fed ended QT in 2019 and began cutting rates, prompting fears that BTC may decline in the coming months. Key takeaways: The Fed ending QT and reinvesting in T-bills quietly boosts liquidity. Analysts are divided over how this affects BTC price, with bulls anticipating a $180,000 top. Read more

Bitcoin spot volume spiked after the “Uptober” BTC price dip as traders sought less risky environments, according to new research. Key points: Bitcoin spot market trading volume hits $300 billion in volatile October. Binance leads the pack with $174 billion traded, new research reveals. Read more

MetaMask spent years as the default gateway to Ethereum, the browser extension that turned “connect wallet” into muscle memory for millions of users. Now Consensys is betting that same reflex can work across blockchains. In late May, MetaMask flipped the switch on native Solana support, letting its 30 million monthly active users manage SOL and […] The post MetaMask wants all your crypto eggs in one basket including Bitcoin appeared first on CryptoSlate.

Germany's AfD party submitted a motion to the Bundestag arguing BTC should not fall under the EU's MiCA framework and instead be treated as a strategic asset. The post Germany Pushes for Bitcoin — Could Berlin Be the Next to Adopt BTC? appeared first on Cryptonews.

Bitcoin price fell to $109,200 despite the Federal Reserve confirming a 0.25% interest rate cut and the end of quantitative tightening. Traders expect future rate cuts, so why is BTC falling? Key points:  Bitcoin’s sell-off accelerated after the Federal Reserve cut rates by 25 basis points. Weakness in crypto shows traders are looking at macroeconomic headwinds like a weakening jobs market and inflation, despite believing that interest rate cuts will continue into 2026.  Read more

Positive regulatory developments in the US over the last 12 months are a good sign for the digital asset industry and markets, the Strategy co-founder said. Michael Saylor, the co-founder of Strategy, the biggest Bitcoin (BTC) treasury company by holdings, forecast that Bitcoin would hit $150,000 by the end of 2025. “I think that these 12 months have probably been the best 12 months in the history of the industry,” Saylor told CNBC at the Money 20/20 conference in Las Vegas on Monday.  Saylor cited the Securities and Exchange Commission (SEC) embracing tokenized securities, US Treasury Secretary Scott Bessent endorsing stablecoins to protect dollar dominance, and the overall regulatory pivot in the US as reasons to remain bullish. He said: Read more