A revisit to the $100,000 level seems likely now that BTC price slipped below two key support levels. Key point: Selling accelerated on Tuesday, raising the chance for a Bitcoin price drop to $104,000. Bitcoin (BTC) pulled back to $105,250 on Tuesday after failing to cross above the $109,000 mark on Sunday and Monday. Bitfinex analysts said in a market report that Bitcoin could have formed a local top or may enter a period of consolidation. Read more
Bitcoin selling intensified this week, but data shows an assortment of buyers absorbing the flow. Key takeaways: Bitcoin is stuck between $100,000–$110,000 as mid-to-long-term holders lock in profits. Despite the movement of older coins, one analyst sees this redistribution as typical in bull markets and believes the market is absorbing the selling pressure. Read more
Many provisions of the legislation, which received overwhelming support in the state House and Senate, take effect on Oct. 1. Connecticut Governor Ned Lamont has signed a bill into law restricting the use of digital assets in state government, including the establishment of a cryptocurrency reserve. On Monday, Lamont signed Connecticut House Bill 7082, which was previously approved by the US state’s House of Representatives and Senate. The legislation specifically prohibits the state government from “accepting or requiring payment in the form of virtual currency” or “purchasing, holding, investing in or establishing” a crypto reserve. The bill, introduced in February by state Representative Jason Doucette, also establishes requirements for crypto money transmission licensees in Connecticut. The provisions barring the state government from accepting crypto or establishing a digital asset reserve take effect on Oct. 1. Read more
The company offers crypto trading on the platforms that it manages, including the mixed-asset trading platforms Swissquote and Yuh. Swissquote, the online trading platform behind the crypto-friendly Yuh app, has been ordered by Swiss regulators to reduce the number of phishing and impersonation attempts targeting its platforms. More than 600 websites impersonating Swissquote platforms or attempting to defraud users through fraudulent login portals were discovered in the first half of 2025, according to Bloomberg. The Swiss Financial Market Supervisory Authority (FINMA) cited the Yuh platform, which also features crypto trading, as a major target of fraud campaigns perpetrated by scammers. Read more