### Walmart's OnePay Integrates Ethereum for Everyday Use
Walmart's OnePay mobile app is set to launch Bitcoin and Ethereum trading and custody features later in 2025, in partnership with Zerohash. This integration allows users to seamlessly convert Ethereum (and Bitcoin) into cash within the app, enabling direct spending at Walmart stores or payments toward credit card balances. By blending cryptocurrency with routine transactions, OnePay aims to demystify Ethereum, transforming it from an investment asset into practical digital money for everyday shoppers.
### Broader Strategy and Competitive Edge
This move aligns with Walmart's expansion of financial services, positioning OnePay as an all-in-one hub for banking, payments, rewards, and now crypto. With growing Ethereum adoption and a more favorable U.S. regulatory landscape, the app seeks to rival fintech leaders like PayPal and Cash App. Existing features, such as mobile banking and cash-back rewards, will complement Ethereum support, enhancing user flexibility and accessibility.
### Challenges and Potential Impact
The rollout faces hurdles, including complex crypto custody, regulatory compliance, and ensuring secure, real-time conversions. Technical issues or delays could arise from high traffic or coordination with banks. If successful, OnePay's Ethereum features could accelerate mainstream adoption, reducing friction for Walmart's vast customer base and pressuring other retail and fintech apps to follow suit. Key watchpoints include the official launch timeline, user adoption rates, and performance of cash conversion tools.
### Ethereum's Price Surge and Institutional Buying
Ethereum (ETH) has surpassed $4,500, driven by massive purchases from institutional investors. Large holders (whales) with portfolios of 10,000–100,000 ETH acquired 840,000 ETH in just two weeks, valued at billions of dollars. This reflects strong confidence from institutional players. Additionally, "accumulation addresses"—wallets that have never sold ETH—hoarded a record 5.6 million ETH in September, signaling long-term bullish sentiment.
### Potential Profit-Taking and Market Dynamics
Despite the rally, some whales transferred over $200 million in ETH to exchanges like Binance and Kraken in early October, likely to realize gains at peak prices. This introduces short-term selling pressure, raising questions about sustaining the momentum amid Bitcoin's uncertainty.
### Key Developments and Upgrades
Ethereum founder Vitalik Buterin launched the "Ethereum Applications Guild" with HashKey Group, shifting focus from infrastructure to practical applications. The network anticipates major upgrades: the "Fusaka" update in December 2025 to enhance scalability, and ongoing tests to reduce Layer-2 fees, improving efficiency.
### Regulatory Boost and Future Outlook
The U.S. SEC's approval of Ethereum ETFs has elevated ETH to "blue-chip" status for traditional finance, with robust institutional demand persisting despite slower inflows since August. October is pivotal, as SEC decisions on altcoin ETFs could provide further tailwinds, solidifying Ethereum's position as the second-largest cryptocurrency.
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☀️ Stocks Rally Amid Shutdown as Bitcoin Nears Record High
Bitcoin surged to $123,874 on Friday, trading just 1% below its all-time high of over $124,000 from mid-August. The cryptocurrency climbed roughly 2% for the day and 12% over the week, driven by investors seeking a hedge against the U.S. federal shutdown, now in its third day after lawmakers failed to agree on funding. As a decentralized asset, Bitcoin has gained traction as a safe haven amid political gridlock and economic uncertainty.
### Hedging Risks and Market Outlook
Traders are piling into Bitcoin to counter rising U.S. government risks, with its price movements correlating to the U.S. Treasury term premium this year. Unlike the 2018-2019 Trump-era shutdown, when Bitcoin was in an early stage and barely reacted, experts note this event is amplifying its appeal. Geoff Kendrick of Standard Chartered highlighted the shift, predicting Bitcoin will soon break its record and reach $135,000. This momentum aligns with broader hedging into assets like gold, which rose 0.5% to $3,876.55 per ounce, up over 2% weekly, as political and economic tensions escalate.
### Why I'm Taking Profits on ETH Now: A Disciplined Strategy Amid Euphoria 🚀
Ethereum just smashed through $4,000, fueling a raging altseason where everything's pumping. Retail investors are flooding in at what feels like the peak, driven by greed, while ETFs, institutions, and macro hype dominate headlines. This screams euphoria—the phase where traders chase 100x dreams and forget risk.
History rhymes: In 2017, BTC topped in December, ETH in January, followed by a 90% crash by mid-2018. In 2021, ETH peaked in November amid retail frenzy, leading to a brutal 2022 bear market. Q4 tops are a pattern; smart money exits early, using retail as liquidity.
That's why I'm rotating 33% of my ETH into stablecoins right now—locking in gains while the market's hot, positioning to rebuy low when the tide turns. ETH could still rally to $5.5K–$7K by October in a final surge, but November might kick off the bear clock. This isn't fear; it's strategy. Take profits on the way up, preserve capital, and avoid holding the bag.
Value investing demands a cool head in this manipulated market. #ETH #CryptoStrategy #TakeProfits #MarketCycles
Bitcoin is nearing the $124,480 mark, driven by surging institutional demand and regulatory advancements. The cryptocurrency has posted over 10% gains in the past week, fueled by three key factors: record-level institutional buying, aggressive accumulation by "whales" (large holders), and uncertainty from the US government shutdown, positioning Bitcoin as a safe-haven alternative to traditional markets. Bullish sentiment is evident in futures trading volumes hitting a record $45.3 billion.
### On-Chain Activity and Network Strength
On-chain data highlights strong accumulation: Over 50,000 BTC were withdrawn from exchanges in just 48 hours, signaling long-term holding intentions. Large investors added 30,000 BTC in two days. The network's hash rate, a measure of security and miner confidence, has reached a new all-time high, underscoring robust infrastructure amid the rally.
### Regulatory Progress and Adoption Milestones
Regulatory clarity is boosting momentum. The EU's MiCA standards provide a framework for crypto operations, while a US SEC decision simplifies custody of digital assets. Adoption advances include Fold's launch of a Bitcoin-backed credit card integrated with Visa and Stripe, enhancing everyday usability despite warnings about fraudulent platforms.
### Outlook and Key Levels
Analysts see potential for Bitcoin to breach $130,000, but it must first overcome resistance at $124,600. The rally suggests opportunities for investors, though volatility persists.
Bitcoin's surge past $120,000 has ignited momentum across the crypto market, with total capitalization exceeding $4.24 trillion. Ethereum (ETH) is positioned for significant gains, showing signs of a major breakout after weeks of overselling and accumulation. Currently trading at $4,487, ETH has risen 2.5% in the last 24 hours, 15% over the past week, and an impressive 96% year-to-date, providing a strong base for further upside despite remaining relatively undersold.
### Technical Indicators Signal Momentum
ETH's chart reflects building strength. The Relative Strength Index (RSI) has rebounded from 30 in late September to over 50, indicating recovering buyer interest. The Moving Average Convergence Divergence (MACD) is poised to turn positive for the first time in weeks, suggesting increasing buying pressure in the near term. These shifts point to ETH emerging from recent consolidation, ready for the next leg higher.
### Strong Fundamentals Drive Growth
Ethereum maintains dominance in the ecosystem, boasting $93.7 billion in Total Value Locked (TVL)—the highest among blockchains. Recent developments include major firms establishing ETH reserves, bolstering institutional adoption. Combined with broader market bullishness, these fundamentals support an optimistic trajectory.
### Price Predictions
Analysts forecast ETH breaking the $5,000 barrier by month's end, fueled by ongoing rally expectations. In the longer term, it could reach $10,000, capitalizing on ETF launches and sustained demand. (198 words)
The Bitcoin market has experienced significant turbulence due to a sharp decline in ETF inflows, recording $903 million in weekly outflows. This reversal has rattled investors, prompting a reevaluation of strategies. U.S. spot Bitcoin ETFs, particularly Fidelity's FBTC, bore the brunt, with Fidelity alone suffering over $737 million in losses. Institutional players appear to be locking in profits from prior gains while redirecting capital to alternative opportunities, cooling demand for Bitcoin exposure.
### Rise of Altcoins Amid Bitcoin's Slowdown
As Bitcoin's momentum wanes, altcoins are gaining prominence, drawing investor interest for potentially higher returns. Standouts include XRP, which shows bullish technical patterns like a falling wedge, positioning it for a 2025 breakout if it overcomes resistance. Solana has attracted substantial institutional inflows, totaling $0.29 billion in one week—surpassing Bitcoin and Ethereum combined—with $3.6 billion in managed assets. Its strengths in DeFi and NFTs further enhance its appeal.
This pivot creates opportunities for diversification in fintech, startups, and DAOs, emphasizing altcoins like Polkadot for scalability. For SMEs, XRP and Solana offer efficient cross-border payments and dApps, while stablecoins mitigate volatility in operations. Overall, the Bitcoin ETF stall marks a turning point, favoring altcoins in the evolving crypto landscape.
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☀️ Bitcoin Surges to Peaks, Crypto Value Tops $4.21T
Bitcoin surged 14% in a week, approaching $124,000, fueled by strong US demand, a dovish Federal Reserve policy shift, and optimism for a bullish Q4. Onchain data highlights a $1.6 billion spike in buying volume within one hour across exchanges, with the Coinbase Premium Gap reaching $91.86—the highest since mid-August—indicating robust US investor appetite, as Americans pay nearly $92 more per BTC on Coinbase compared to Binance.
### Impact of US Government Shutdown
A surprising catalyst is the ongoing US government shutdown, which markets are largely ignoring despite furloughs and delayed economic data. Bitcoin has risen 8% since the shutdown began, benefiting from heightened uncertainty and speculative flows into crypto. The halt complicates Fed decisions on inflation and jobs data, potentially delaying releases and boosting risk assets like BTC.
### Analyst Perspectives and Macro Tailwinds
Bitfinex analysts describe the rally as "genuinely organic," with steady ETF inflows providing a clear boost. They point to supportive macro conditions, including easing inflation and the Fed's dovish stance, which enhance appetite for risk assets. Potential Trump-era stimulus checks, funded by tariffs and echoing Covid-era measures, could further propel prices. Analysts foresee resistance near $130,000 and possible price discovery next week, with new all-time highs in Q4 likely if inflows persist and macro data avoids surprises. However, high open interest of $88 billion raises concerns of a potential squeeze, and historical patterns suggest cooling momentum at current premium levels.
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☀️ Bitcoin Nears Peak on Buyer Surge and Upward Drive
On October 3, Bitcoin approached a new all-time high, surging to nearly $124,000—its most inflated value since August—driven by intense demand and upward momentum, according to Coinbase data via TradingView. This rally reflects a momentum-driven market, fueled by growing investor confidence.
### Key Drivers of the Surge
Analysts highlight several bullish factors. Expectations of continued Federal Reserve rate cuts, amplified by softer-than-expected U.S. jobs data (ADP numbers), favor risk assets like Bitcoin. Lower rates enhance its appeal, while perceptions of it as a hedge against U.S. government dysfunction—amid a potential shutdown—add to the momentum. October's historical strength, dubbed "Uptober" in crypto circles, further supports the uptrend.
Strong inflows into spot Bitcoin ETFs and institutional demand provide a solid foundation, creating steady buying pressure. U.S. political uncertainty, combined with post-halving supply constraints, reinforces Bitcoin's "digital gold" narrative. As prices near prior peaks, momentum traders are amplifying the self-reinforcing rally.
### Indicators of U.S. Demand
The Coinbase Premium Index, measuring the price difference between Coinbase Pro (USD) and Binance (USDT), reached its highest level since June 7, signaling robust U.S. investor demand that typically drives bull markets. Institutional purchases by companies and countries—potentially including the U.S.—have outpaced miner supply all year, exerting relentless upward pressure on prices.
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☀️ Analyst: Institutions to Ignite Bitcoin's Epic Price Surge
James Lavish, co-founder of the Bitcoin Opportunity Fund—a hybrid public-private investment vehicle in the Bitcoin ecosystem—expresses optimism about institutional involvement in the Bitcoin market. He argues that large institutions, entering via Bitcoin treasury strategies, will propel BTC into new price discovery phases. Unlike retail investors, these entities allocate fixed portfolio percentages (often millions to hundreds of millions in BTC) without price sensitivity, instructing traders to execute buys regardless of market levels. This sustained demand, Lavish notes, will naturally drive volume and elevate prices, as "demand seeks volume, and volume seeks price."
### Room for Growth Amid Skepticism
While some analysts remain skeptical of recent corporate treasury adoptions, Lavish views them as a potential catalyst for BTC's ascent to record highs. In 2025, Bitcoin has dominated headlines, spearheaded by firms like MicroStrategy, yet adoption lags: only 71 of approximately 4,000 U.S. public companies hold BTC on their balance sheets, per Bitcoin Treasuries data. Notably, tech giants such as Nvidia, Microsoft, Apple, Google, and Amazon have not directly invested. Lavish predicts that if these leaders adopt BTC, it could trigger FOMO (fear of missing out) among smaller institutions, sparking a broader bullish trend and accelerating mass adoption.
Six spot XRP exchange-traded funds (ETFs) from issuers like Bitwise, 21Shares, WisdomTree, Canary Capital, CoinShares, and Grayscale are awaiting U.S. SEC approval, with deadlines between October 18 and 25. The SEC's September 17 approval of generic listing standards for crypto ETFs has shifted focus from "if" to "when" for altcoin products, per Bloomberg analyst Eric Balchunas. However, a federal government shutdown has paused processing, though approvals remain plausible once operations resume. These ETFs could launch on Cboe, potentially reshaping XRP's market structure.
### Projected Inflows and Supply Dynamics
Analysts estimate first-year inflows of $4–8 billion, absorbing 1–4% of XRP's circulating supply, according to CryptoQuant and Bitget. At XRP's price of $3.05, this implies $5.5–11 billion in net creations. Retail investors are expected to drive initial flows, similar to Bitcoin ETFs where institutions hold only 25.4% of assets (per K33 research). JPMorgan projects 3–6% of market cap converting to inflows, with fee competition and broad distribution key to capturing capital.
### Price Action and Broader Crypto Parallels
Launch-day volatility is anticipated, mirroring Bitcoin's 7.5% post-ETF drop and Ethereum's 4.25% decline, potentially triggering a "sell the news" event for XRP. Bitcoin rebounded to $74,000 in a bull market, while Ethereum fell amid corrections, highlighting context's role. Long-term, XRP ETFs could act as "supply absorbers" like those for Bitcoin and Ethereum (per Glassnode), reducing liquid float, stabilizing drawdowns, and shifting price discovery toward traditional allocations—less tied to crypto-native liquidity.
This wave of approvals underscores evolving crypto ETF dynamics, with XRP poised for structural changes akin to Bitcoin's post-ETF maturation.
In September 2025, CleanSpark surpassed 13,000 BTC in reserves, mining 629 BTC—a 27% year-over-year increase—highlighting its strategic growth amid Bitcoin market volatility. This achievement contrasts with competitors like Riot Platforms, which reported declining stocks, underscoring CleanSpark's focus on expanding its footprint in a sector valued at $56 billion in market capitalization.
### Balancing Production and Sales
CleanSpark generated $48.7 million by selling 445 BTC at an average price above $109,000, bolstering cash reserves for reinvestment. The company expanded its Bitcoin-backed credit line by $200 million and strengthened its leadership team, enabling resilience against rising U.S. tariffs on mining rigs (up to 57.6%) and escalating energy costs. Investors reacted positively, with shares rising over 5%.
### Overcoming Mining Challenges
Facing surging mining difficulty, CleanSpark improved operational efficiency by 26%, achieving an average hashrate of 45.6 EH/s. This innovation helps maintain profitability as computational and energy demands intensify, positioning the company competitively in a tightening market.
### Broader Bitcoin Market Trends
CleanSpark's success signals growing institutional interest in Bitcoin mining, driven by bullish sentiment despite regulatory and sustainability pressures. Emphasis on clean energy practices could enhance appeal, with the sector's future hinging on agility, cost management, and alignment with evolving regulations. Such strategies will shape Bitcoin's ecosystem vitality.
On October 3, Bitcoin (BTC) surged close to $124,000, driven by growing optimism around the "Upctober" narrative in the crypto economy. According to Bitstamp data, BTC peaked at $123,966 before stabilizing just below $122,000 by 3:00 PM EST. This rally, which began early in the month, has reignited hopes for a year-end push toward a new all-time high (ATH), building on sustained market momentum.
### Altcoin Performance and Market Overview
While Bitcoin dominated headlines, Binance Coin (BNB) stole the spotlight, surging 9% in 24 hours to a new ATH of $1,173, per CoinMarketCap. This marked the largest daily gain among major altcoins, with BNB up 20% weekly and its market cap exceeding $162 billion—more than doubling from $550 in April. It now eyes overtaking USDT for fourth place among top digital assets.
Other large-cap altcoins showed mixed results: Ethereum (ETH) rose 0.4% to surpass $4,500 for the first time since September 19, gaining 12% over seven days. XRP dipped 1.6% daily but remained 10% higher weekly, while SOL, DOGE, and AVAX posted marginal gains. HYPE, LINK, and XLM each fell about 1%.
The broader crypto market hit a milestone, with total capitalization climbing above $4.3 trillion—a 26% increase year-to-date—reflecting renewed investor confidence and momentum across digital assets.
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☀️ Ethereum's Ether Swap to Stablecoins Boosts Dev Grants
The Ethereum Foundation (EF) converted 1,000 ETH—valued at approximately $4.5 million—into stablecoins to fund research, grants, and donations, supporting its treasury strategy and DeFi initiatives. The transaction used CoW Swap, a decentralized protocol for optimal liquidity aggregation without centralized intermediaries. This follows a September plan to convert 10,000 ETH over weeks but appears separate due to its scale and method. EF's treasury policy emphasizes balancing returns above benchmarks with ecosystem stewardship, prioritizing DeFi development.
### Organizational Updates
EF paused open submissions to its Ecosystem Support Program amid high application volumes, shifting focus to the network's most urgent needs. In April, EF restructured leadership, appointing Hsiao-Wei Wang and Tomasz K. Stańczak as co-executive directors, both internal veterans. June brought staff layoffs and core development team reorganization to enhance strategic management.
### Vitalik Buterin's DeFi Advocacy
Ethereum co-founder Vitalik Buterin reinforced the network's DeFi leadership, where it holds about 68% of total value locked (TVL) despite competition. He highlighted "low-risk" DeFi applications—like payments, savings, synthetic assets, and collateralized lending—as sustainable revenue sources, akin to Google Search's role in its ecosystem, to bolster Ethereum's long-term viability.
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☀️ CleanSpark Dumps $48.7M BTC, Holdings Hit 13K+ Sept
### CleanSpark's September Performance
Bitcoin miner CleanSpark reported strong September results, boosting its Nasdaq shares by over 5%. The company ended the month with 13,011 BTC in its treasury, reflecting year-over-year gains in efficiency and output. Monthly production surged 27% from September 2024, reaching 629 BTC. To achieve financial self-sufficiency, CleanSpark has sold portions of its Bitcoin holdings since April and launched an institutional trading desk. In August, it generated $60.7 million from selling 533.5 BTC. Shares rose 5.28% post-report and gained more than 23% weekly.
### Broader Bitcoin Mining Market Trends
The market capitalization of 15 major publicly traded Bitcoin miners hit a record $58.1 billion in September, up from $41.6 billion in August and more than double the $19.9 billion in March, per The Miner Mag. This growth aligns with accelerating Bitcoin miner accumulation, the fastest pace since the 2023 rally. The overall crypto market cap exceeded $4.21 trillion as Bitcoin pursued new highs, amid "Uptober" optimism and global developments like Brazil's interest in miners and Japan's XRP Ledger integrations.
Ethereum, the world's second-largest cryptocurrency, is experiencing a remarkable rally in October, breaking key resistance levels and approaching the psychologically significant $5,000 mark. This "Uptober" strength contrasts with the broader market's uncertainty, driven primarily by institutional demand. Over the past two weeks, institutions accumulated 840,000 ETH, following a record 5.6 million ETH gathered by large wallets in September. Positive ETF inflows have resumed, while ETH supply on centralized exchanges declines, creating upward price pressure.
### DeFi Ecosystem as Growth Engine
Ethereum remains the dominant hub for decentralized finance (DeFi), with total value locked (TVL) reaching nearly $94 billion and daily decentralized exchange (DEX) trading volume at $3.7 billion. Low gas fees, averaging just $0.41 per transaction, have boosted accessibility for retail users, leading to over 530,000 daily active addresses. This surge in network usage underscores Ethereum's resilience and appeal in the DeFi space.
### Potential Impact of Fusaka Upgrade
A key catalyst is the anticipated Fusaka upgrade, scheduled for December, which aims to drastically reduce transaction costs for Layer-2 solutions and enhance scalability. The October testnet phase is generating excitement among developers and investors. If successful, it could spark a new wave of adoption, advancing Ethereum's vision as a global "world computer" infrastructure.
### Ethereum's Role in Crypto Payroll for Asian Fintech Startups
Ethereum's evolving market structure, driven by institutional adoption and upgrades like Dencun (EIP-4844), is enhancing transaction predictability, reducing Layer-2 fees, and boosting throughput. This makes Ethereum an ideal base for enterprise payroll systems, enabling lower costs, improved compliance, and reduced counterparty risk. Fintech startups in Asia are leveraging these advancements to integrate crypto payroll, streamlining operations and attracting global talent in the digital economy.
### Stablecoin Adoption to Mitigate Volatility
To counter Ethereum's price fluctuations, stablecoins—pegged to fiat currencies and built on Ethereum's blockchain—are increasingly used for payroll. They provide value stability via smart contracts, facilitating seamless cross-border payments without traditional banking. Stablecoins now dominate over 90% of crypto payroll payouts, allowing companies to maintain consistent salary values while harnessing Ethereum's network efficiency.
### Regulatory and Market Challenges
Despite these benefits, Asian fintechs face regulatory hurdles, including compliance costs and uncertainties under frameworks like the EU's MiCA. Navigating varied laws across regions is complex, potentially stifling smaller players. Ethereum's price analysis reflects bullish sentiment, with ETH at $4,485.53 (up 2.21% in 24 hours and 14.57% weekly), supported by long-to-short ratios. However, failure to break $4,800 resistance could lead to a drop toward $3,600–$3,800.
### Outlook for Adoption
Overall, Ethereum's scalability, liquidity, and stablecoin integration position it as a cornerstone for secure, efficient crypto payroll. This fosters growth for startups, enabling them to thrive in a competitive digital landscape by combining Ethereum's capabilities with volatility-resistant mechanisms.
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⚡ Ethereum's Bold ETH Swap: 1000 to Stablecoins for R&D Boost
### Ethereum Foundation's ETH Sale and Treasury Strategy
The Ethereum Foundation (EF) sold 1,000 ETH, valued at approximately $4.5 million, through CoW Swap, a decentralized protocol that aggregates liquidity from multiple exchanges for optimal prices without centralized intermediaries. The proceeds in stablecoins will fund research, grants, and DeFi initiatives, aligning with EF's treasury strategy to balance returns above benchmark rates while stewarding the Ethereum ecosystem.
This transaction follows EF's September announcement to convert 10,000 ETH into stablecoins over several weeks but appears independent, given its smaller scale and use of a decentralized platform rather than a centralized exchange. Specific stablecoins received were not disclosed.
### Recent EF Developments
EF has increased stablecoin holdings amid a temporary pause in open submissions to its Ecosystem Support Program, overwhelmed by applications. Instead, it prioritizes funding for Ethereum's most urgent needs. In April, EF restructured leadership, appointing Hsiao-Wei Wang and Tomasz K. Stańczak as co-executive directors, both internal veterans. In June, the foundation laid off staff and reorganized its core development team to enhance strategic and operational efficiency.
Ethereum (ETH) reclaimed the $4,500 level and hit a two-week high of $4,580 on Friday, driven by a U.S. government shutdown that delayed the September Nonfarm Payrolls (NFP) data release. This uncertainty could pressure the Federal Reserve to cut rates, fostering a supportive environment for crypto. Coinbase researchers highlight rising rate cut expectations—87% chance of two 25-basis-point cuts by year-end—along with a weakening U.S. Dollar and Gold's new highs, reducing competition for risk assets like ETH.
### Institutional and Whale Activity
U.S. spot ETH ETFs saw over $1 billion in net inflows over the past four days, per SoSoValue data. Whale accumulation intensified, with ETH holdings on centralized exchanges dropping to new lows. However, derivatives data reveals cautious sentiment, with muted funding rates and a 1-month 25-delta put-call skew. ETH experienced $123.8 million in futures liquidations in the last 24 hours, mostly shorts ($73 million).
### Technical Outlook
ETH faces resistance from a descending trendline since August 24. A breakout could target $4,800, while support lies at $4,100, backed by the 100-day Simple Moving Average (SMA). The Relative Strength Index (RSI) remains above neutral, signaling bullish momentum, but the Stochastic Oscillator (Stoch) is overbought, hinting at a possible short-term correction.
### CleanSpark's September Performance
Bitcoin miner CleanSpark concluded September with 13,011 BTC in its treasury, reflecting year-over-year improvements in efficiency and output. The company mined 629 BTC, a 27% increase from September 2024, but sold 445 BTC for approximately $48.7 million at an average price of $109,568. Fleet efficiency rose 26% year-over-year, with an average operating hashrate of 45.6 EH/s. Since April, CleanSpark has sold portions of its production to achieve financial self-sufficiency and launched an institutional Bitcoin trading desk. In August, it generated $60.7 million from selling 533.5 BTC. Following the update, CleanSpark's Nasdaq shares surged 5.28% daily and over 23% weekly.
### Broader Bitcoin Mining Market Trends
The market capitalization of 15 major publicly traded Bitcoin miners hit a record $58.1 billion in September, up from $41.6 billion in August and more than double the $19.9 billion in March, per The Miner Mag. This growth signals strong investor interest despite industry challenges.
### Emerging Pressures on Miners
Bitcoin mining faces headwinds from rising energy costs and potential tariffs on imported rigs. U.S. Customs alleged some of CleanSpark's 2024 rigs were China-made, exposing it to up to $185 million in liabilities; Iris Energy is contesting a $100 million dispute. Tariffs stand at 57.6% for Chinese machines and 21.6% for those from Indonesia, Malaysia, and Thailand. Additionally, mining difficulty reached record highs in September and October, requiring more computing power and energy per Bitcoin produced.
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⚡ Reclaim Bitcoin ATM Losses: AR Bill Aids Victims, Local Cops
Arkansas's Act 557, effective August 5, 2025, mandates full refunds for new customers scammed via virtual currency kiosks (Bitcoin ATMs) if reported within 72 hours of registration and followed by notification to the operator and law enforcement within 14 days. Rogers Police are already assisting victims, though the law isn't retroactive. Similar protections exist elsewhere: Arizona's law (effective September 26) requires refunds, warnings, and receipts; Illinois caps fees at 18% and daily limits at $2,500 for new users; Iowa limits transactions to $1,000 daily/$10,000 in 30 days, caps fees at 15%, and allows 90-day refunds.
### Rising Scams and Financial Losses
Bitcoin ATMs, resembling traditional ATMs in high-traffic spots like stores, convert cash to cryptocurrency but are increasingly exploited by scammers. The FTC reports over $110 million lost in U.S. scams from 2020-2023, with fraudsters posing as officials to urge urgent deposits for "protection." Arkansas saw a surge, with the Attorney General noting heightened risks. Rogers Police handle ongoing cases, emphasizing vigilance against unsolicited demands for crypto payments.
### Legal Case and Scam Mechanics
In April, Bitcoin Depot sued Benton County's Sheriff's Office after $14,120 was seized from a kiosk following a scam report. A victim, tricked by a fake deputy into sending Bitcoin via QR code, reported the irreversible transaction; authorities seized funds, which the company claims as its own. The case, assigned to a retired judge, remains unresolved.
Scams involve impersonation (e.g., spoofed caller IDs), urgency (e.g., fake warrants), and directing victims to kiosks for untraceable, irreversible transfers. Dangers include total loss, as transactions can't be reversed. Tips: Verify contacts independently, avoid unsolicited crypto demands, and report to authorities like the Arkansas AG (800-482-8982 or arkansasag.gov).
Bitcoin surged 1.6% on Friday, trading above $122,000 and approaching its all-time high of approximately $124,000 set in August. This rally occurred despite ongoing economic challenges, including a prolonged US government shutdown, signaling growing investor confidence in the cryptocurrency as a resilient asset.
### Correlation with Gold as a Safe-Haven
The performance mirrors gains in traditional safe-haven assets like gold, which rose 0.5% early Friday to $3,876.55 per ounce, marking over 2% weekly growth and a 46% increase year-to-date. Citi's Alex Saunders highlighted Bitcoin's rising correlation with gold, attributing it to the cryptocurrency's limited supply, often dubbing it "digital gold." Investors appear to be increasingly viewing Bitcoin as a hedge against uncertainty, akin to precious metals.
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☀️ Bitcoin Eyes Peak: Elite Altcoin Set for Rocket Ride – Insights
### Bullish Outlook for BNB Tied to Bitcoin's Strength
The text outlines a bullish scenario for BNB (Binance Coin), projecting a potential rise to $2,000 by year-end—a 67% gain—if it maintains its parabolic support line. This ambitious target hinges on several factors: sustained growth in the BNB Chain ecosystem through real-world applications (e.g., protocols like Aster and Hyperliquid); increased institutional adoption, such as Kazakhstan's initiatives; and crucially, Bitcoin holding above $115,000 while aiming for a new all-time high, as altcoins like BNB typically follow Bitcoin's lead. No major regulatory hurdles from Binance or broader crypto policies are assumed. The projected path involves breaking the current high of $1,168, consolidating around $1,200, and advancing to $1,250–$1,300 as a launchpad for higher levels, with rising volume confirming breakouts.
### Risks of Correction and Conservative Targets
However, the parabolic rally carries risks, with BNB's RSI at 77 nearing overbought levels (above 80), potentially triggering a 20–30% correction if support breaks, activating stop-losses and profit-taking. Even in this case, the long-term trend remains bullish if prices stay above the 50-day EMA, allowing consolidation and RSI normalization to 50–60. A key support at $1,050 would preserve bull control, leading to sideways trading before another upleg. Conservative year-end targets drop to $900–$1,000, still delivering strong annual returns. Broader supports include record BNB Chain usage, political endorsements, and macro tailwinds like U.S. Fed rate cut expectations from government dynamics.
### Trading Insights and Key Levels
Traders are advised to scale profits at $1,200, $1,250, and $1,300 with trailing stops, wait for pullbacks before entering, or use covered calls to hedge overbought conditions. Key levels to monitor: $1,250 (breakout target), $1,400 (path to $2,000), $1,000 (psychological support), and $900 (consolidation zone). While focused on BNB, the analysis underscores Bitcoin's pivotal role in driving altcoin momentum, highlighting the interconnected crypto market dynamics.
### Bitcoin Market Surge Amid US Government Shutdown
The Bitcoin market has shown resilience during the third day of the US federal government shutdown, triggered by partisan fiscal disputes on Wednesday midnight—the 15th such event since 1980. Despite the uncertainty affecting millions of federal employees, broader markets remain upbeat: stocks are rising, except for select tech firms like Palantir Technologies, which dropped 7%. The overall crypto market cap climbed to nearly $4.2 trillion, up 1.48% from the previous day, with Bitcoin (BTC) trading just under $2,000 from its all-time high, reflecting investor optimism.
Economic headwinds, including ADP's report of 32,000 private sector job losses (versus an expected 45,000 gain), have not deterred enthusiasm. Investors anticipate further Federal Reserve rate cuts by year-end, contrasting with the 2018 shutdown under Trump, which lasted 35 days and cost an estimated $3 billion. Analysts like Geoffrey Kendrick of Standard Chartered predict BTC will hit a new all-time high next week, reaching $135,000 in Q3, noting its stronger position now compared to past events.
### Key Market Metrics
As of analysis, BTC traded at $122,958.26, up 1.62% in 24 hours and 12.55% over seven days, oscillating between $119,344.31 and $123,944.70. Trading volume surged 19.25% to $87.09 billion, while market cap rose 1.44% to $2.44 trillion. Bitcoin dominance increased 0.31% to 58.91%, outperforming most altcoins. Futures open interest grew 1.03% to $89.63 billion, with $211.58 million in liquidations—primarily shorts at $153.36 million—indicating bullish momentum.
### Bitcoin Market Rebound Amid US Government Shutdown
Despite the US federal government shutdown entering its third day due to partisan fiscal disputes—the 15th since 1980—the cryptocurrency market has shown resilience. The overall crypto market capitalization reached nearly $4.2 trillion, up 1.48% from the previous day. Bitcoin (BTC) is trading just under $2,000 from its all-time high, reflecting investor optimism amid economic uncertainties. The shutdown, triggered by failed temporary funding bills, echoes the 2018-2019 closure under Trump, which lasted a record 35 days and cost $3 billion. Recent data from ADP revealed a surprising loss of 32,000 private-sector jobs, defying expectations of growth, yet markets remain buoyant, fueled by hopes for Federal Reserve rate cuts later this year.
### Key Bitcoin Metrics and Outlook
As of the report, BTC was priced at $122,958.26, marking a 1.62% increase over 24 hours and 12.55% over seven days, with fluctuations between $119,344.31 and $123,944.70. Trading volume surged 19.25% to $87.09 billion, while market capitalization rose 1.44% to $2.44 trillion. Bitcoin's dominance climbed 0.31% to 58.91%, outperforming most altcoins. Open interest in BTC futures grew 1.03% to $89.63 billion, with liquidations totaling $211.58 million—predominantly shorts at $153.36 million versus $58.22 million in longs.
Analysts predict further gains; Geoffrey Kendrick of Standard Chartered Bank forecasts a new all-time high next week, potentially reaching $135,000 in Q3. Unlike the 2018 shutdown, when BTC was in a downturn, current market dynamics suggest minimal negative impact.
Walmart's fintech arm, OnePay, is set to integrate cryptocurrency features into its mobile banking app, enabling users to buy, sell, and hold Ethereum (alongside Bitcoin) directly within the platform. This marks Walmart's bold entry into digital assets, leveraging Zerohash for secure trading and custody infrastructure. The rollout is expected later this year, building on OnePay's existing services like high-yield savings and peer-to-peer payments to create a "super app" for millions of users.
### Strategic Aims and Regulatory Context
The move targets tech-savvy, younger customers who might otherwise use platforms like Coinbase, amid U.S. regulatory warming to crypto, including SEC guidelines on spot ETFs. OnePay has consulted federal regulators for compliance, incorporating robust KYC protocols to address risks like money laundering. This aligns with Walmart's blockchain history, such as a 2022 patent for its own cryptocurrency, positioning OnePay to disrupt fintech by blending retail and finance.
### Adoption, Security, and Market Impact
To boost Ethereum adoption, OnePay plans in-app educational resources on blockchain basics, inspired by Fidelity's recent Ethereum expansions. Security is prioritized with Zerohash's insured custody to counter hacks and volatility risks for budget-conscious users. Analysts predict up to $500 million in annual fees if adoption grows, potentially pressuring banks and enabling seamless fiat conversions for Walmart purchases. Early feedback highlights democratizing Ethereum access in underserved areas, though regulatory hurdles like stablecoin debates persist.
### Long-Term Vision
By 2026, OnePay could rival apps like Venmo in volume, with Ethereum trading central to Walmart's pivot toward financial dominance, reshaping everyday money management.
CleanSpark has announced that its Bitcoin reserves have exceeded 13,000 BTC as of September 2025, underscoring its commitment to Bitcoin as a core asset amid a resurgent cryptocurrency market. Under CEO Matt Schultz's leadership, the company is aggressively expanding its Bitcoin treasury to build investor confidence and enhance stock value. Key moves include strengthening the C-suite team and boosting its Bitcoin-backed credit line by $200 million, signaling operational maturity in the U.S. Bitcoin mining sector.
### Market Response and Institutional Trends
The announcement triggered a positive market reaction, with CleanSpark's stock rising 5%. This reflects growing institutional interest in Bitcoin mining firms, pushing the collective market capitalization of U.S.-based companies to $56 billion. Analysts view such accumulations as a vote of confidence in the sector's adaptability, potentially driving liquidity and innovation in mining operations.
### Risks and Future Outlook
Despite the optimism, Bitcoin's volatility—where prices can drop 60-80%—poses significant risks, alongside tightening energy regulations. Experts emphasize the need for sustainable practices, resilient frameworks, and balanced risk management to ensure profitability. CleanSpark's strategy exemplifies how aggressive Bitcoin holdings, paired with prudent financial tools, could shape the future of U.S. mining, fostering stability in a volatile landscape.
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☀️ Ethereum Forecast: Bank Debuts 24/7 ETH Trades – Investor Hype Builds
CME Group has announced 24/7 trading for Ethereum (ETH) and Bitcoin futures starting early 2026, aligning with crypto's round-the-clock market. This follows surging institutional interest, with open interest reaching a record $38 billion and over 1,100 institutions active in a single day. As ETH is already a top-traded asset on CME, the move is expected to draw fresh capital from hedge funds and banks, fueling bullish momentum and potentially driving a major price breakout amid Wall Street's growing FOMO.
### Ethereum's Recent Performance and Technical Signals
ETH has gained 14.5% over the past week, trading near $4,500. Year-to-date, it has rebounded from a 40% loss to a 34.6% increase, boosted by the successful Pectra upgrade. Technically, the Relative Strength Index (RSI) has exited oversold territory, crossing above its 14-day moving average and midline to signal a buy. After a strong bounce from $4,000 support, ETH is poised to retest $5,000 resistance soon.
### Bullish Price Outlook
If ETH surpasses $5,000, analysts predict a rapid push toward $10,000—a 122% upside from current levels. With altcoin season underway, Ethereum is set to lead gains alongside BNB and Solana, supported by institutional adoption and positive market trends. However, crypto remains high-risk, and this is not investment advice.
The Ethereum Foundation (EF) announced on October 3, 2025, that it will convert 1,000 ETH (valued at approximately $4.5 million) into stablecoins using CoWSwap's Time-Weighted Average Price (TWAP) feature. This move aims to fund ongoing research and development (R&D), grants, donations, and to demonstrate the potential of decentralized finance (DeFi). The announcement was shared via a post on X (formerly Twitter).
### Prior Actions and Financial Strategy
This follows a similar initiative last month, where EF swapped 10,000 ETH (worth about $43.6 million at the time) for stablecoins on centralized exchanges. These conversions are described as routine funding mechanisms to support Ethereum's ecosystem. The actions come after EF paused or slowed several grant programs to lower its operational burn rate, as previously reported.
### Criticisms and Treasury Policy
The announcements have drawn criticism on X, with users suggesting alternatives like borrowing against ETH via DeFi lending platforms or over-the-counter (OTC) deals with crypto treasuries to avoid direct sales. In response, EF referenced its June 2024 treasury policy, which outlines an asset-liability management approach focused on risk, duration, liquidity, and alignment with Ethereum's core principles. The policy emphasizes periodic refinements to support EF's objectives in grant allocation and ecosystem growth.
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☀️ Bitcoin Fan Pompliano Stunned by Relief Check Stats: Your Missed Fortune
### Bitcoin's Recent Surge and Stimulus Investment Insights
Bitcoin (BTC) has recently surged past $122,000, approaching its August historical highs, amid broader market volatility. It briefly dipped to $120,000, but analysts like JPMorgan forecast a year-end target of $165,000, signaling strong bullish sentiment.
Investor Anthony Pompliano highlighted the transformative power of investing U.S. COVID-19 stimulus checks in Bitcoin, illustrating both BTC's appreciation and the dollar's depreciation. During the pandemic, the U.S. government distributed three rounds via the CARES Act and related laws: $1,200 (April 2020), $600 (December 2020), and $1,400 (March 2021) per eligible adult, totaling $3,200. Those who invested rather than spent saw massive gains in a "K-shaped" economy where investors thrive while consumers lag.
### Returns from Stimulus Investments in Cryptocurrencies
Investing the full $3,200 in BTC at issuance prices ($6,926, $27,370, and $57,996) would have yielded 0.2366 BTC. At today's price of $122,558.80, this stake is now worth approximately $29,000—a 9x return. Similar investments in Dogecoin (DOGE) would be valued at $195,921 (from 754,996 DOGE), and Ethereum (ETH) at $40,778 (from 9.02 ETH). A diversified equal split across the three would total $87,829 today.
Pompliano emphasized that such outcomes reward investors, urging people to shift from spending to building tangible assets like BTC to avoid being on the "losing side" of economic divides.
BTC Development Corp. (NASDAQ: BDCIU), a special purpose acquisition company (SPAC) targeting the Bitcoin ecosystem, completed its initial public offering on Friday, raising $253 million. The company sold 25.3 million units at $10 each, including the full exercise of underwriters' over-allotment option. Each unit includes one Class A ordinary share and one-fourth of a redeemable warrant, with whole warrants exercisable at $11.50 per share. Proceeds are held in a trust account for public shareholders.
The stock debuted on Nasdaq Global Market on September 30 and currently trades at $10.23, reflecting stable performance with low price volatility and an average daily trading volume of $2.86 million. InvestingPro rates its financial health as "GOOD" with a score of 2.69. Once separated, Class A shares will trade under "BDCI" and warrants under "BDCIW."
### Strategic Positioning in Bitcoin Market
As a blank check company, BTC Development Corp. aims to acquire businesses in the Bitcoin space or those integrating Bitcoin into operations or balance sheets. This move underscores growing investor interest in Bitcoin-related opportunities amid market expansion. Leadership includes President and CEO Bracebridge H. Young, Jr., Board Chairman Betsy Z. Cohen, and Vice-Chairman Jonathan Kirkwood. Joint book-running managers were Cohen & Company Capital Markets and Keefe, Bruyette & Woods.
The IPO highlights sustained enthusiasm for Bitcoin ecosystem investments, potentially signaling bullish sentiment in the cryptocurrency market as traditional finance explores blockchain integrations.
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☁️ Ethereum Foundation Converts $4.5M in ETH to Stablecoins for Expansion
The Ethereum Foundation announced its plan to convert 1,000 ETH, valued at approximately $4.5 million, into stablecoins to support its ongoing initiatives in research and development, grants, and donations. This decision utilizes CoWSwap's TWAP feature and aims to demonstrate the potential of decentralized finance (DeFi). This follows a similar announcement made last month, where the foundation converted 10,000 ETH (around $43.6 million) into stablecoins, which was framed as a routine funding measure.
The foundation's recent moves come in the context of a slowdown in several grant programs to manage its financial burn rate. Despite the rationale provided, the Ethereum Foundation faced criticism on social media, with some users suggesting alternative strategies such as borrowing against its ETH through DeFi lending platforms or engaging in over-the-counter transactions with digital asset treasuries.
In response to the criticism, the Ethereum Foundation referenced its treasury policy established in June, which outlines its approach to asset management. The foundation emphasized its commitment to maintaining a balanced asset-liability management policy and a strategic grant allocation framework, ensuring that its financial decisions align with Ethereum's core principles while considering risk, duration, and liquidity.
Cryptocurrencies, including Bitcoin, have experienced significant volatility over the past two months. Initially buoyed by a dovish Federal Reserve narrative, the market shifted to widespread profit-taking after failing to sustain momentum toward a 2025 bull run. Despite this, Bitcoin formed a lower high amid broader "everything rallies" in equities, supported by buyer interest. The US government shutdown further disrupted investors' diversification plans, adding to market uncertainty.
### Current Trends and Outlook
As of early October 2025, the crypto landscape remains muted, with Bitcoin prices fluctuating between approximately $109,300 and $123,800 over the period from September 28 to October 3. Trading volumes and market cap data indicate subdued activity, though October emerged as a positive signal for the overall crypto market. While some concerns persist regarding regulatory and economic pressures, analysts highlight resilient buyer participation as a key stabilizing factor.
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☀️ BTC Development Corp. Raises $253 Million in Successful IPO Launch
BTC Development Corp. successfully completed its initial public offering (IPO), raising $253 million by selling 25,300,000 units priced at $10.00 each. The units began trading on the Nasdaq under the ticker symbol "BDCIU" on September 30, 2025. Each unit comprises one Class A ordinary share and a warrant that allows the purchase of additional shares at $11.50 each. The IPO was managed by Cohen & Company Capital Markets and Keefe, Bruyette & Woods, and included an over-allotment option, reflecting strong investor interest.
The funds raised from the IPO will be placed in a trust account for the benefit of public shareholders, indicating a commitment to shareholder interests and potential future growth. BTC Development Corp. is a blank check company, which means it does not have a specific operational focus and may pursue various merger or acquisition opportunities, particularly in the bitcoin ecosystem. The management team aims to identify companies that complement their expertise and can integrate bitcoin into their operations.
While the IPO demonstrates significant financial backing and market credibility, the blank check structure may raise concerns among investors regarding the lack of clarity about future acquisitions. Additionally, the reliance on forward-looking statements introduces uncertainty about the company's future performance, which could impact investor confidence. The offering's structure includes redeemable warrants, which may dilute existing shareholders' equity when exercised. Overall, BTC Development Corp. is positioned to explore opportunities within the evolving bitcoin market, leveraging its management team's expertise.
☀️ MARA Expands Bitcoin Assets as Monthly Mining Reaches 736 BTC
Marathon Digital Holdings (MARA) has solidified its status as the largest publicly listed Bitcoin miner, increasing its Bitcoin holdings to 52,850 BTC, valued at approximately $6.4 billion. In September, the company mined 736 BTC, marking a 4.4% increase from August's output of 705 BTC. This production accounted for 5.2% of the total Bitcoin rewards distributed to miners globally, showcasing MARA's dominance in a competitive mining landscape.
Despite a 9% rise in global mining difficulty, which pushed hashrate levels to new highs, MARA managed to increase its energized hashrate by 1% to 60.4 EH/s. The company's growth is attributed to operational resilience, efficiency gains, and optimized uptime. CEO Fred Thiel emphasized the importance of consistent production, even as challenges mount in the mining sector.
MARA's stock performance is closely tied to Bitcoin market fluctuations, with analysts noting that increases in hashrate or treasury allocations directly impact investor sentiment. The company has adopted an aggressive treasury expansion strategy, raising $950 million earlier this year to acquire more Bitcoin, positioning itself as both a miner and a significant corporate holder of digital assets.
This dual approach reflects a broader trend in the industry, where capital-intensive companies are outpacing smaller miners, who face rising operational costs and compliance challenges. As MARA continues to attract institutional interest and expand its treasury, its strategies may significantly influence the future of Bitcoin supply and market liquidity, highlighting the industrialization of mining in the cryptocurrency space.
⚡ "ETH Bulls: What’s Their Stance After Ether's 17% Weekly Surge?"
Ethereum's potential to surpass the $5,000 mark largely hinges on institutional accumulation, yet investor sentiment remains cautious due to increasing competition and subdued derivatives metrics. Currently, Ethereum leads with a total value locked (TVL) of $100 billion, but its activity is declining as competitors attract users with lower fees.
The possibility of an Ether supply shock, which could push prices above $5,000, may arise from institutional investments through spot exchange-traded funds (ETFs) and corporate reserves. However, the current trading of ETH monthly futures at a 7% premium over spot markets indicates a neutral sentiment, as this premium typically ranges from 5% to 10% to account for longer settlement periods. Notably, this sentiment gauge has not shown bullish trends since February.
Despite a significant 100% rally in ETH over six weeks leading up to August 13, confidence among investors has not improved. The overall market is experiencing a funding slump, with venture capital focusing on stablecoins and real-world asset (RWA) infrastructure. Additionally, Solana has seen substantial inflows, with over $500 million in exchange-traded products (ETPs), and CME futures open interest is rising, suggesting potential new highs for Solana. As the market navigates challenges, including a potential U.S. government shutdown and international developments in cryptocurrency regulations, the outlook for Ethereum remains uncertain.
☀️ Bitcoin Stays Close to $120K — Expert Predicts New All-Time Highs Soon
Bitcoin is currently trading at approximately $119,763, reflecting a nearly 1% increase, although it remains below its recent peak of $120,000. This uptick comes amid a broader market rally, with other cryptocurrencies like Ethereum and XRP also seeing gains of 1.6% and 1.8%, respectively. Following a sluggish September, the cryptocurrency market is experiencing renewed investor interest, partly due to delays in U.S. jobs data and a favorable sentiment towards riskier assets amid a government shutdown.
The market's optimism is bolstered by expectations of a potential 25-basis-point rate cut by the Federal Reserve, with a 97.8% probability assigned by futures traders. Analysts suggest that the current environment makes Bitcoin a more attractive investment, with retail sentiment on platforms like Stocktwits trending towards "extremely bullish." Notably, Bitcoin ETFs have seen significant inflows, totaling $2.25 billion this week, reversing previous outflows.
Investors are closely watching whether Bitcoin can surpass its all-time high of $124,000, achieved in August. Market momentum appears strong, with equities gaining traction and corporate share buybacks increasing. The ongoing government shutdown, while a concern, is not currently impacting market performance significantly, as traders await further economic indicators and Federal Reserve commentary.
Overall, the cryptocurrency market is poised for potential new highs, driven by favorable economic conditions and a shift in investor sentiment towards riskier assets, with Bitcoin positioned as a leading contender in this landscape.
☀️ Bitcoin Surges to $122K as Ethereum, XRP, and Dogecoin Rise This Weekend
Ethereum has seen significant activity in the cryptocurrency market, particularly in relation to exchange-traded funds (ETFs). Recent data indicates that Ethereum ETFs have attracted $307.05 million in net inflows, highlighting growing investor interest. This comes amid a broader surge in the cryptocurrency market, with Bitcoin also experiencing notable movements, including a rise above $122,000.
The trading landscape is dynamic, with various cryptocurrencies showing gains. Notable performers include PancakeSwap, Immutable, and Story. Analysts are closely monitoring Bitcoin's price movements, particularly its resistance levels around $125,000 and support levels at $119,500 and $117,500. The market is currently at a critical juncture, as traders speculate whether Bitcoin will break through its resistance or retest its support.
In addition to price movements, the trading volume and open interest in Bitcoin options have surged, with the IBIT platform surpassing Deribit as the leading exchange for Bitcoin options. This reflects a growing interest in derivatives trading within the cryptocurrency space. Overall, the market is experiencing heightened volatility and investor engagement, with Ethereum playing a significant role in the evolving landscape of digital assets.
☀️ Ethereum Foundation to Swap 1000 ETH for Stablecoins Using CoWSwap
The Ethereum Foundation is set to convert 1,000 ETH into stablecoins using CoWSwap, a decentralized exchange protocol. This transaction, valued at over $4.5 million at current prices, aims to support the foundation's ongoing research and development, grants, and donations.
To execute this conversion, the foundation will leverage CoWSwap's Time-Weighted Average Price (TWAP) feature. This feature allows for time-averaged price executions, which helps minimize market impact during large trades, ensuring a more efficient and less disruptive transaction process.
This initiative not only serves the foundation's financial needs but also highlights the capabilities of decentralized finance (DeFi) in facilitating significant asset swaps.
### Bitcoin Market Overview from CNBC Crypto World
In the latest episode of CNBC Crypto World, major cryptocurrencies, including Bitcoin, closed the week on a positive note, with Bitcoin edging closer to its all-time high. This upward momentum reflects growing market optimism amid broader crypto gains, signaling sustained investor interest despite volatility.
The episode featured insights from George Kikvadze, executive vice chairman of Bitfury, who discussed Bitcoin's evolution over the past decade. He highlighted its transformation from a niche digital asset to a mainstream financial instrument, driven by technological advancements, institutional adoption, and regulatory developments that have enhanced its scalability and security.
Additionally, the program explored the role of stablecoins in accelerating mainstream crypto adoption. These dollar-pegged assets are gaining traction for their stability and utility in payments, remittances, and DeFi applications, potentially bridging traditional finance with the Bitcoin ecosystem. Overall, the coverage underscores Bitcoin's resilient market position and the sector's expanding influence.
