Bitcoin’s energy-based economic model is set to benefit from the fiat “debasement” needed to fund the global arms race for developing the most advanced AI models. Billionaire entrepreneur and Tesla CEO Elon Musk touted Bitcoin’s ability to protect investors from fiat money printing, which may increase due to what analysts call a forthcoming government-funded race to develop artificial intelligence. Musk has praised Bitcoin’s (BTC) energy-based proof-of-work model for its inflation-proof mechanism, which is immune to governmental fiat currency printing as it is “impossible to fake energy.” “That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy,” Musk wrote in a Tuesday X post. Read more
Friday’s flash crash reduced short-term risk appetite but did not affect Bitcoin’s long-term potential, possibly delaying a new all-time high by weeks or even months. Key takeaways: Bitcoin’s resilience after Friday’s $19 billion flash crash shows long-term demand remains strong despite short-term risk aversion. Derivatives traders remain cautious, with arbitrage opportunities and negative funding rates signaling heightened counterparty risk. Read more
Bitcoin stopped short of a full rebound at $116,000 as traders monitored whale activity and several key BTC price support levels. Key points: Bitcoin chops around $114,000 as a whale expects more BTC price losses next. Price pressures short-term holders, who have their cost basis just below the $114,000 mark. Read more
Analysts say confusion over China’s export rules briefly rattled markets before Bitcoin miners led a swift recovery on Monday. Shares of Bitcoin mining companies rose sharply on Monday, recovering from losses sustained during Friday’s flash crash that analysts attributed to US President Donald Trump’s apparent misunderstanding of new Chinese export controls. Bitfarms (BITF) and Cipher Mining (CIFR) led the rally, each posting double-digit gains. Hut 8 Mining (HUT), IREN (IREN) and MARA Holdings (MARA) also climbed more than 4%, while Core Scientific (CORZ) and Riot Blockchain (RIOT) traded broadly higher at the start of the session. The rebound followed a steep sell-off on Friday after Trump announced plans to impose 100% tariffs on Chinese imports, stoking fears of an escalating trade war. The president’s comments, however, were later revealed to be based on a misunderstanding of China’s new export measures. Trump subsequently walked back his remarks over the weekend. Read more
A sovereign crypto fund surprised markets by making its first investment in BNB, rather than Bitcoin. This is a big, bold move in Kazakhstan’s strategy. Kazakhstan has launched the Alem Crypto Fund, a state-backed initiative aimed at building long-term digital asset reserves. Managed by Qazaqstan Venture Group and operating under the AIFC, the fund marks a significant step in the country’s regulated adoption of blockchain-based investments. Surprisingly, the fund’s inaugural purchase was not Bitcoin (BTC) but BNB (BNB), the native token of the BNB Chain. Through a strategic partnership with Binance Kazakhstan, a local entity licensed under the Astana International Financial Centre (AIFC) regime, the fund was able to secure custody and align with compliance frameworks from the outset. Read more
The Winklevoss twins’ bold $1-million-Bitcoin forecast has excited crypto investors and global markets, reinforcing Bitcoin’s status as gold 2.0. Bitcoin rose from $1 in 2011 to $1,000 in 2013, cementing itself as a global asset. Cameron and Tyler Winklevoss bought Bitcoin early and founded Gemini in 2014 with a strong, compliance-first approach. The Winklevoss twins call Bitcoin “gold 2.0,” highlighting its fixed supply, portability and resistance to inflation as key advantages over traditional gold. Read more
Industry leaders are convinced that Bitcoin and the cryptocurrency ecosystem are set to take over financial infrastructure and swallow trillions of dollars of assets. Bitcoin all-time highs. Digital asset treasuries. Billions of dollars of institutional inflows. 2025 has been a breakout year for the cryptocurrency space, and this momentum may continue into 2026. The industry’s brightest minds painted an optimistic outlook for the remainder of the year at Cointelegraph’s exclusive LONGITUDE event during Token2049 in Singapore. Maelstrom chief investment officer Arthur Hayes, Ethereum co-founder Joseph Lubin, acclaimed author Neal Stephenson and Aave Labs founder Stani Kulechov headlined a program that delved into the major narratives dominating 2025. Read more
Michael Saylor’s Strategy Inc. announced its first Bitcoin purchase in October after opting not to buy more BTC the previous week. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, expanded its BTC holdings last week as the cryptocurrency surged to new all-time highs. Strategy acquired 220 Bitcoin (BTC) for $27.2 million in its latest purchase, Saylor announced in an X post on Monday, as the related filing had yet to appear on the US Securities and Exchange Commission website. The purchase was made at an average price of $123,561 per coin as Bitcoin reached an all-time high above $126,200 on Oct. 6 before dipping to $107,000 in Friday’s flash crash, according to data from Coinbase. Read more
Bitcoin’s price rose back above the short-term holder’s realized price, leading analysts to say that the BTC bull run may continue. Key takeaways: Bitcoin traded above short-term holder cost basis at $114,000, signaling recovering demand and potential for further gains. Analysts said Bitcoin could continue its uptrend, with targets above $150,000. Read more
Bitcoin rebounded to $116,000 and gold hit new all-time highs as bulls woke up to face what could be their ultimate test this week. Bitcoin (BTC) starts a key week of October with the fate of the bull market at stake. What comes next? Bitcoin stages a solid rebound from its biggest-ever liquidation cascade, reaching a high of $116,000 so far. Traders are divided over where the market will head from here; there are even doubts that the bull market will ever return. Read more