Bitcoin | Crypto

Bitcoin’s price spiked, and ETF inflows are on a tear as “Uptober” just gets started. Over the last two months, at least 31 crypto exchange-traded fund (ETF) applications were filed with the US Securities and Exchange Commission, 21 of which were filed in the first eight days of October. This ETF wave comes amid increased optimism in crypto markets, which have seen impressive gains over the last month. The price action has started a familiar pattern of markets booming in October, dubbed “Uptober.” This also coincides with major geopolitical developments that can affect the finance sector. In France, Prime Minister Sébastien Lecornu has stepped down after just 26 days, rocking the country’s financial markets. In the US, a government shutdown has put federal business on pause, including ETF considerations at the SEC. Read more

Hayes says traders misread past Bitcoin cycles by not taking into consideration macro drivers like USD and yuan credit shifts.

A Bitcoin technical indicator has squeezed to its tightest ever level as volatility diminishes and the asset remains rangebound despite recent peaks. 

Bitcoin climbed 1.75% over the past 24 hours to $123,250 as of press time, driven by sustained spot ETF inflows, gold’s rally to fresh records, and softer Federal Reserve rate guidance. US spot Bitcoin ETFs added $2.1 billion in net inflows between Oct. 6 and Oct. 7, according to Farside Investors. The movement extended a […] The post Why is Bitcoin recovering? Everything that happened in crypto today appeared first on CryptoSlate.

Hong Kong-based DDC Enterprise Limited has added another 100 Bitcoin (BTC) to its balance sheet, accelerating efforts to build a digital asset reserve of over $1 billion. The food conglomerate listed on the New York Stock Exchange under ticker DDC confirmed on Oct. 8 that this marks its third Bitcoin purchase in a week. The […] The post DDC Enterprise accelerates Bitcoin treasury plans with third purchase in a week appeared first on CryptoSlate.

Bitcoin bulls chase $125,000 as buying pressure intensifies, pointing to an influx of liquidity and growing confidence among spot and institutional traders. Key takeaways: Bitcoin’s net taker volume has rebounded from extremely bearish to neutral levels. Onchain and market data indicate controlled profit-taking, not panic selling. Read more

DDC's share price was up nearly 7% after announcing that it had raised an additional $124 million for Bitcoin purchases.

Japan’s 10-year government bond (JGB) yields reached levels not seen since 2008, triggering a scenario that pressures Bitcoin through spot depth and order-book mechanics rather than direct correlation. The long-end selloff in Japanese government bonds pushes domestic yields higher, reducing the incentive for Japan’s institutional investors to seek returns in foreign markets. Life insurers have […] The post JGB 17-year yield spike tests Bitcoin at $123k; is risk off back? appeared first on CryptoSlate.

Square’s new Bitcoin service lets US merchants accept BTC at checkout, hold it in a built-in wallet and get zero fees on transactions. Square, the payments processor owned by Jack Dorsey’s Block Inc., has launched a new feature enabling local businesses to accept Bitcoin at the point of sale and hold the digital asset in an integrated wallet — a move that could help advance Bitcoin’s use as a medium of exchange. Announced on Wednesday, the new Square Bitcoin offering allows merchants to accept Bitcoin (BTC) payments and automatically convert a portion of their sales into BTC. Square is waiving processing fees through 2026, with a 1% transaction fee set to take effect on Jan. 1, 2027. Merchants can store their Bitcoin in a dedicated wallet accessible through Square’s existing dashboard, where they can also buy, sell or withdraw the asset. The service is available only to US sellers, excluding New York State, and is not open to international merchants. Read more

Satoshi’s $100-billion Bitcoin hoard remains untouched. In case it enters the market, it might have unexpected outcomes. Bitcoin was created in 2009 by the pseudonymous Satoshi Nakamoto, whose identity remains unknown. Between 2009 and 2011, Satoshi mined an estimated 1.1 million-1.5 million BTC — now worth over $100 billion — which has never been moved. Satoshi’s massive Bitcoin (BTC) holdings were mined in Bitcoin’s early days, when competition was low and mining was easy. Their long silence has fueled speculation. Some believe the private keys are lost, while others see it as a deliberate decision to uphold Bitcoin’s ideals or avoid market disruption. Read more

The massive whale previously rotated about $5 billion worth of Bitcoin into Ether after holding the BTC stash for seven years. A Bitcoin whale that held about $11 billion in BTC before rotating more than $5 billion of the stash into Ether two months ago has returned to the cryptocurrency market, with another $360 million Bitcoin transfer. The whale address transferred $360 million worth of Bitcoin (BTC) into decentralized finance (DeFi) protocol Hyperunit’s hot wallet “bc1pd” on Tuesday. This marked their first transfer in two months, according to blockchain data platform Arkham.. The transfer may signal another rotation into Ether (ETH) based on the whale’s transaction patterns.  Read more

Bitcoin had more potential, as chart technicals hint at a run toward a $300,000 BTC cycle top, backed by multiple tailwinds. Key takeaways: Bitcoin onchain data shows no signs of overheating, despite reaching an all-time high of $126,000. Bitcoin cup-and-handle pattern targets $300,000, backed by multiple factors. Read more

Experts say altcoins lag as capital favors Bitcoin and Ethereum's liquidity, with any future rally being highly selective toward utility.

Strategy’s $78 billion stash of Bitcoin is close to the cash positions held by Amazon, Google and Microsoft, the last of which rejected Bitcoin as a treasury asset last year. Strategy’s near-$80 billion Bitcoin treasury is catching up to the massive cash positions of tech giants such as Microsoft, whose shareholders rejected a proposal in December to explore adding Bitcoin to its books. Strategy posted to X on Tuesday that its 640,031 Bitcoin (BTC) stash briefly topped $80 billion in value on Monday as Bitcoin hit a record high of $126,080, boosting the value of its corporate treasury close to Amazon, Google, and Microsoft, which each hold between $97 billion and $95 billion in cash or cash equivalents.  Strategy’s routine Bitcoin buys, combined with Bitcoin’s rise in value, have already pushed its treasury past the value of Nvidia, Apple and Meta’s — the latter of which considered a proposal to explore making Bitcoin a treasury asset before overwhelmingly voting against it in June. Read more

Based on Bitcoin’s price at the start of October, a $140,000 price tag by the end of the month is consistent with its average gains in October over the years. Bitcoin has a 50% probability of surpassing $140,000 this month, according to simulations using data from the past decade, says economist Timothy Peterson. “There is a 50% chance Bitcoin finishes the month above $140k,” Peterson said in an X post on Wednesday. “But there is a 43% chance Bitcoin finishes below $136k,” he added.  Bitcoin (BTC) would need to gain about 14.7% to reach $140,000 at its current price of $122,032, which has cooled after the original cryptocurrency set a new all-time high of $126,200 on Monday, according to CoinMarketCap. Read more

The European Union (EU) is moving to choke off A7A5, the ruble-backed token routing billions through Kyrgyzstan into European crypto markets, but available data suggests the sanctioned flow represents just 2.37% of the bloc-wide Bitcoin trading volume. As Bloomberg News reported on Oct. 6, the EU proposed sanctions on A7A5, the stablecoin issued by cross-border […] The post Will EU sanctions choke ruble stablecoin routes into Bitcoin? appeared first on CryptoSlate.

Bitcoin’s rally was fueled by record ETF inflows, tightening exchange supply, and robust derivatives activity, highlighting institutional demand and room for further upside. Key takeaways: Over $3.5 billion in weekly ETF inflows and a five-year low in exchange balances highlight renewed institutional confidence in Bitcoin. Healthy futures open interest and continuous BTC adoption suggest that traders expect Bitcoin to challenge $150,000 soon. Read more

Bitcoin insurer Meanwhile raised $82 million led by Bain Capital Crypto and Haun Ventures to expand Bitcoin-denominated savings, annuities and insurance products. Bitcoin life insurance company Meanwhile has raised $82 million in a new funding round led by Bain Capital Crypto and Haun Ventures. The company, regulated by the Bermuda Monetary Authority, plans to use the funds to meet “surging demand” for Bitcoin-denominated retirement and “inflation-proof” savings products, according to a Tuesday announcement. Meanwhile offers Bitcoin-based life insurance, annuities, savings products and insurance bonds for individuals and institutions, with all premiums, policy values and claims managed in Bitcoin (BTC).  Read more

Bitcoin surged to $126,200 as global crypto digital products logged $5.67 billion in record inflows, reflecting renewed investor faith amid fiscal and geopolitical risks. Key takeaways: Bitcoin reached a new all-time high of $126,200, backed by a record $5.67 billion ETP inflows. Fiscal and geopolitical uncertainty have revived the “debasement trade” narrative. Read more

Bitcoin has reached new highs as David Marcus has contended it remains severely undervalued relative to gold; tokenized metals have passed $3B, ETFs have drawn net inflows, exchange balances have fallen, and research has outlined potential valuations under store-of-value scenarios. The post Bitcoin ‘Severely Undervalued’ vs Gold, Says Lightspark CEO as Tokenized Gold Hits $3B appeared first on Cryptonews.