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Browse all Bitcoin related articles and news. The latest news, analysis, and insights on Bitcoin.
Sharp Correction in the Crypto Market: Bitcoin and Altcoins Drop
The crypto market was caught in a sharp sell-off again in the first week of November. Bitcoin tested below $105,000 for the first time in three weeks, while altcoins experienced even deeper losses. The combination of fear and liquidity squeeze across the market significantly reduced investor risk appetite. With Bitcoin's decline, the Crypto Fear and Greed indicator dropped from 42 to 21, reaching the "Extreme Fear" level. This was its lowest point in seven months. The last time the index fell this sharply was in April. At the time of writing, the index was down 29 percent. According to experts, there are multiple reasons behind the sell-off. The first factor is the lack of liquidity in the market. According to analyst Michaël van de Poppe, the circulating supply of many altcoins is limited. If only 10% of the total supply is traded, a large sell order can easily destabilize the market. Because the order books lack sufficient depth, the decision by a few large investors to sell can quickly drive prices down. This makes altcoins both more vulnerable to declines and more reactive to rises. Van de Poppe says, “Be patient. The cycle is not over. Altcoins may recover more strongly when liquidity returns.”Another pressure factor in the market is Bitcoin's increasing dominance. Bitcoin, which holds more than 60% of the total market capitalization, is causing capital outflows from altcoins. As dominance increases, investors are turning to BTC again as a safe haven, accelerating the weakening of altcoins.On the macro front, the liquidity shortage in the US is negatively impacting cryptocurrencies. The government shutdown and Treasury spending cuts have reduced cash flow in the market. The accumulation of approximately $1 trillion in the Treasury General Account (TGA) has reduced reserves in the system and pushed up money market interest rates. This squeeze has led to a flight from risky assets. Furthermore, cautious statements from Fed Chair Jerome Powell accelerated the sell-off. While markets were anticipating further interest rate cuts, Powell's message that "we won't rush" disappointed investors. Bitcoin fell below $108,000, while leading altcoins like Ethereum and Solana lost between 6-8 percent of their value. Trading volumes have decreased by nearly 40 percent since mid-October.What lies ahead?However, the outlook isn't entirely bleak. Historically, when Bitcoin dominance peaks and altcoins are weak, a strong altcoin rally usually follows. Experts suggest that the Fed could become dovish again (dovish, positive monetary policy) if the US government resolves the shutdown and economic data weakens. Such a scenario could trigger a potential liquidity expansion or a new wave of quantitative easing in 2026. In short, the crypto market is currently under pressure from shrinking liquidity, rising fear, and Bitcoin-centric capital influx. However, such periods can herald a new bullish cycle for patient investors.
The Powell Effect: Bitcoin Funds Exit, Solana, and Flow into 6 Altcoins
Crypto asset investment products recorded a total net outflow of $360 million last week. This decline is primarily due to Fed Chair Jerome Powell's emphasis that a new interest rate cut in December is "not a certainty." Powell's cautious remarks have plunged investors into uncertainty, dampening risk appetite.CoinShares data draws attention: Bitcoin's significant outflowAccording to CoinShares data, the United States is at the center of these outflows. US-based funds saw $439 million in outflows, partially offset by inflows of $32 million from Germany and $30.8 million from Switzerland. Canada also closed the week in positive territory with $8.5 million in flows. Sweden, on the other hand, recorded an outflow of $11 million.Bitcoin ETFs were the hardest-hit product group, with $946 million in outflows for the week. Despite the interest rate cut, Powell's "hawkish" rhetoric reiterated Bitcoin's sensitivity to monetary policy. While Bitcoin's total assets under management fell to $175.6 billion, the year-to-date inflow of $29.4 billion remained.Solana was the star of the week. Driven by the launch of new Solana ETFs in the US, the funds saw $421 million in inflows. This figure marked the second-highest weekly inflow in Solana's history. This brings SOL's total positive year-to-date inflow to $3.3 billion. Ethereum also saw $57.6 million in inflows. However, daily flow data suggests investors remain hesitant. Nevertheless, it's noteworthy that Ethereum maintained its strong year-to-date inflow of $14.3 billion. XRP also closed the week positive with $43.2 million in positive flow, bringing its total year-to-date inflow to $1.97 billion.The picture was mixed for smaller altcoins. Sui saw $9.4 million inflows, Litecoin $1.5 million, Cardano $700,000, and Chainlink $500,000. Multi-asset funds saw a small inflow of $8.3 million, while Zcash remained stable. However, the "other" category saw a notable outflow of $43 million.Among fund providers, iShares ETFs led the way with $390 million in outflows. Fidelity's Wise Origin Bitcoin Fund saw $156 million, Bitwise $92 million, and ARK 21Shares $76 million. ProShares and 21Shares AG also saw positive outflows, with $47 million and $21 million, respectively.While a total of $49 billion has flowed into digital asset funds since the beginning of the year, fluctuations in recent weeks suggest that investors are still closely monitoring Fed policy.
Trump: "The US Must Become a Leader in the Crypto Industry, Otherwise China Will Take It"
US President Donald Trump has once again made headlines with his latest statement regarding the cryptocurrency sector. In an interview with CBS correspondent Norah O'Donnell on the program "60 Minutes," Trump emphasized the need for America to maintain its leadership in the crypto industry, saying, "China is entering Bitcoin and crypto in a very big way right now. If we don't lead the way, China or another country will dominate this space."According to Trump, the crypto industry, like artificial intelligence, is central to national competitiveness. Therefore, he argues that the US "must remain at the forefront" in this field, which is shaping the future of global finance. "I want to keep America number one," Trump said, emphasizing that the crypto economy is a strategic area not only for investors but also for the country's technological superiority.CZ defends pardon: "Biden was a witch hunt"During the interview, Trump was also asked about the pardon decision for Binance co-founder Changpeng Zhao (CZ). Zhao, who was convicted of violating money laundering laws in 2023, was described by the US administration at the time as "a case that harms national security." However, Trump defended the decision, saying, "CZ was the victim of the Biden administration's political witch hunt."Trump described Zhao as a "respected and successful businessman." He said he didn't know him personally but believed he was unfairly targeted. "Just like me, he was subjected to malicious attacks from the Biden team," Trump said, adding that the pardon was a fitting decision. He also added that his sons are more interested in crypto than he is, but that he, too, believes digital assets are a "legitimate and valuable part" of the US economy.China's crypto push and the US's raceTrump's warning that "China is entering crypto in a big way right now" also aligns with Beijing's increasing investments in blockchain technologies. While centralized crypto trading is banned in China, it is expanding its global influence through regulated exchanges operating through Hong Kong. It is also strengthening blockchain infrastructure through state-backed projects.According to Trump, a slowdown in the US could jeopardize the country's technological superiority. He argued that crypto innovation accelerated under the previous administration, saying, "When I was president, America was number one in crypto."Trump concluded his remarks with the words, "We are number one, and that's all I care about." He emphasized the need to maintain leadership in both crypto and artificial intelligence. "China, or any other country, should take that away from us," Trump said, reiterating his view of the digital economy as a national strategy.China's rising influence appears to determine how Washington responds to this competition. Trump's message is clear: The crypto industry is not just an investment vehicle; it's a matter of national power. And in this race, he believes America must maintain its leadership position.
Why the Crypto Market Crashed? Here Are 3 Critical Factors
The cryptocurrency market closed the week with a sharp sell-off. As of November 3rd, the total market capitalization fell by approximately 3 percent, returning to the red. Many major crypto assets, particularly Bitcoin and Ethereum, experienced double-digit declines. The liquidation of over $400 million in long positions within 24 hours further deepened the decline.No new Fed cut signalThe selling stems from statements from the US Federal Reserve (Fed). Fed Chair Jerome Powell, who cut interest rates by 25 basis points in October, said that a new cut in December was "not a certainty." This statement weakened investor expectations for easing policy; the dollar index strengthened, while risk appetite declined.US Treasury Secretary Scott Bessent also stated that tight monetary policies were already slowing some parts of the economy, leaving limited room for further cuts. According to CME FedWatch data, the probability of a December interest rate cut has fallen to 69 percent. This has created selling pressure, particularly on cryptocurrencies, which are among the most interest-sensitive assets. Billion-Dollar Outflow from Bitcoin ETFsAnother factor deepening the market decline was the massive outflows from US-based spot Bitcoin ETFs. According to Fairside data, a total of $1.15 billion was withdrawn from these funds last week alone.Outflows from major funds like BlackRock, ARK Invest, and Fidelity indicate a decline in investor interest in institutional crypto products. This situation exacerbated the vulnerability of the Bitcoin price, causing the sell-off chain to lengthen.Wave of Liquidations Exceeds $400 MillionBitcoin's slide below $107,500 triggered a chain of liquidations in futures. More than 162,000 investors lost their positions in the last 24 hours. In Bitcoin alone, $74.6 million worth of long positions were liquidated, while in Ethereum, this figure reached $85.6 million. Across the market, $413 million worth of long positions were liquidated. Analysts point to the risk of an additional liquidation of approximately $6 billion if BTC falls below $106,000. If this scenario plays out, the market is likely to enter a sharper correction in the short term.Sharper decline in altcoinsAltcoins were hit much harder than Bitcoin. The top 50 cryptocurrencies lost around 4 percent on average. Bitcoin's market dominance increased to 60.15 percent, indicating that investors are turning to BTC as a "safe haven."Ethereum fell 4.4 percent to $3,734, and BNB fell 4.8 percent to $1,039. XRP lost 3.3 percent to $0.56. Uniswap (UNI) and Dogecoin (DOGE) were among the day's sharpest-falling assets, with UNI losing 9 percent and DOGE losing 6.9 percent. The overall outlook suggests that the Fed's cautious stance and ETF outflows are suppressing market risk appetite, while leveraged trading and on-chain liquidations are accelerating the decline. The crypto market may remain volatile and directionless until the Fed meeting in December.
BTC Comment and Price Analysis - November 2, 2025
BTC Technical AnalysisThis week, a key development is taking place for BTC: approximately $17 billion worth of BTC and ETH options are set to expire. This could bring significant liquidity shifts and define the next market direction. Rising Triangle Formation Following the dump on October 10, BTC has been consolidating in a sideways range, forming a rising triangle pattern. The price is currently stabilizing around $109,000–$110,000, holding above the triangle’s ascending trendline — which indicates that buyers are gaining control.The upper boundary of the triangle sits at $114,000–$115,000. A strong breakout above this zone could trigger the pattern’s target and confirm a new uptrend, with an initial move expected toward $119,500.On the other hand, the $108,000–$106,800 area acts as the first support zone. If this is lost, BTC could pull back toward $103,400. However, the current structure still favors an upward breakout, supported by rising lows and tightening price action.Support and Resistance LevelsSupport: $108,000 – $106,800 – $103,400 – $100,900Resistance: $111,300 – $114,000 – $115,000 – $119,500Summary:BTC has formed a rising triangle within a range.A breakout above $114K–$115K would likely spark a strong rally.Higher lows show growing buyer strength.Below $108K, short-term weakness could appear.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
$17 Billion in Options on Bitcoin and ETH Expires Today
The crypto market is preparing for one of the largest derivatives transactions of October. Bitcoin (BTC) and Ethereum (ETH) options contracts, with a total value approaching $17 billion, will expire on Friday, October 31, 2025, on the Deribit exchange. According to Deribit data, Bitcoin accounts for $13.5 billion of the expiring contracts, while Ethereum accounts for $2.5 billion. This volume surpassed last week's $6 billion weekly close, making October one of the most active periods of the year.Cautious Optimism on BitcoinBitcoin's price was trading around $109,000 at the time of writing. There are more than 124,000 Bitcoin options contracts expiring, and the "max pain" level, or the price point where the greatest loss occurs, is set at $114,000. Historically, the Bitcoin price tends to trend toward these levels as expiration approaches. This is because market makers adjust their positions accordingly to hedge against these levels. The put/call ratio is hovering around 0.70, indicating that investors are not overly pessimistic but rather cautiously optimistic. However, market data indicates that the market is "fragile," and selling pressure may increase in areas below $112,000. The $106,000 support level is considered critical in the event of a potential decline.Ethereum Takes a More Cautious StanceOn the Ethereum side, more than 646,000 options contracts are set to expire on Friday. Total volume is $2.49 billion. The "maximum pain" level is set at $4,100, just above the current price. While Ethereum's put/call ratio is also 0.70, traders are generally more cautious. Deribit analysts commented, "Ethereum positions are cautiously optimistic. However, investors are still hedging against a potential downside." The number of open interest on the ETH side has fallen to around 70,000 in the last month, indicating a decline in trader interest. This strengthens the possibility of a period of sideways movement or consolidation in the market.Macro Trends and ExpectationsAnalysts note that the easing of trade tensions between the US and China has increased risk appetite, but markets remain cautious. The Deribit team warned, "While the overall macro outlook is turning positive, market participants should be prepared for a potential increase in volatility." This $17 billion maturity event could determine the short-term direction of Bitcoin and Ethereum prices. The maximum pain levels of $114,000 (BTC) and $4,100 (ETH) could cause prices to temporarily retreat to these levels. However, if no new catalysts emerge, a period of directionless consolidation is also possible in the market.At the time of writing, Bitcoin is trading around $109,500, while Ethereum is trading around $3,800.
SpaceX Carried 4,300 Bitcoins in October
Elon Musk's space company, SpaceX, moved 281 Bitcoin (approximately $31 million) to a new address on the night of October 29th. This was the company's fifth Bitcoin transfer this month. According to blockchain analysis platform Lookonchain, SpaceX moved a total of 4,337 BTC (approximately $471 million) throughout October. Data shows the transfers were made through Coinbase Prime.SpaceX made several Bitcoin transactionsOn October 21st, SpaceX moved 2,495 BTC (approximately $268 million) in two separate transactions. This was the first transaction tracked since late July. At the time, analysts believed the company was simply reorganizing its wallets, as similar transactions in the past had been linked to storage addresses labeled Coinbase Prime. On October 24th, SpaceX moved another 1,561 BTC (approximately $172 million) in two transactions. In the last two transactions, funds were transferred from older Bitcoin addresses (legacy addresses starting with "1") to more modern formats (e.g., SegWit addresses starting with "bc1q"). Such migrations are widely preferred for security and transaction efficiency. The most current address format, Taproot ("bc1p") addresses, offer significant advantages in terms of privacy and transaction cost on the Bitcoin network.SpaceX's Bitcoin adventure first began in the summer of 2021, when Elon Musk confirmed that Tesla and SpaceX owned Bitcoin. However, by the end of 2022, it was claimed that SpaceX had sold off approximately 70% of its assets. At that time, the collapse of the Terra ecosystem, the FTX bankruptcy, and the general panic in the markets led many institutional investors to reduce their positions.Blockchain analysis firm Arkham Intelligence announced in March 2024 that a total of 8,285 BTC was held in 28 addresses believed to belong to SpaceX. According to current data, this amount has decreased to 7,258 BTC (approximately $799 million). However, analysts note that the latest transfers in October have not yet been tagged, so the figures may not be fully reflected.A similar picture exists for Tesla. Although the company sold the majority of its Bitcoin holdings in 2022, it still holds 11,509 BTC. The current market value of this amount is approximately $1.3 billion.SpaceX's Bitcoin movements are believed to be driven not by sales, but by strengthening its corporate wallet infrastructure. The company's switch to new-format addresses is considered a logical move for both security and accounting purposes. However, the market speculation generated by these transfers serves as a reminder that Elon Musk's companies continue to exert a strong influence on Bitcoin.
US-China Summit Held: How Were Cryptocurrencies Affected?
The US-China summit held in Busan, South Korea, on Thursday marked a new chapter in the trade war between the two superpowers. In their long-awaited face-to-face meeting, US President Donald Trump and Chinese President Xi Jinping agreed to reduce tariffs and strengthen economic cooperation. The meeting was closely watched by both global markets and crypto investors.The two leaders met for the first time since 2019. Following the talks, Trump announced that the average tariff on goods imported from China would be reduced from 57 percent to 47 percent. Duties on fentanyl precursor chemicals, in particular, were reduced from 20 percent to 10 percent. In return, Beijing pledged to crack down on illicit fentanyl exports, announced that it would resume large-scale soybean purchases from the US, and resume rare earth element exports. Trump described the agreement as a "12 on a scale of 1 to 10."Markets initially reacted cautiously. Asian indices experienced volatility, with the Shanghai Composite Index retreating slightly from its decade-high. US soybean futures also saw small declines. Analysts noted that investors had already priced in this agreement, and the market reaction was therefore limited. Nevertheless, experts believe this development could ease inflationary pressures and allow central banks to maintain looser monetary policies.The Trump administration's withdrawal from its threat of 100% tariffs on Chinese goods and Beijing's postponement of rare earth restrictions are considered positive steps, particularly for the high-tech and artificial intelligence sectors. This move could also ease the production chain for hardware used in crypto mining.How were cryptocurrencies affected?The summit also coincided with the week in which the US Federal Reserve (Fed) officially ended its monetary tightening campaign and cut interest rates. Considering these two developments together, increased liquidity and risk appetite may resurface in global markets. Historically, such periods strengthen the potential for upward movement in risky assets like Bitcoin and Ethereum.While crypto markets experienced brief volatility before the summit, they showed signs of recovery as trade tensions eased. Analysts note that the combined impact of the Fed's interest rate cut and the US-China detente could drive new institutional inflows into digital assets in the coming weeks.On the geopolitical front, despite the optimism, a cautious tone prevails. Trump and Xi acknowledge that technology competition will continue. China wants the US to ease technology export restrictions, while Washington continues to establish alternative supply chains with Japan and Southeast Asia.Ultimately, the Busan summit represents a temporary truce in the years-long trade war. However, whether this truce will last will depend on how well both countries deliver on their promises. For now, markets remain cautiously optimistic; on the Bitcoin front, investors have begun to return to risk-taking mode.
Bitcoin Clings to $114,000: All Eyes on Fed Meeting
The Bitcoin price started the week cautiously, trading around $114,000. Investors are reconsidering their positions in anticipation of a rate cut at this week's US Federal Reserve (Fed) meeting. The market is generally flat, with major altcoins like Ethereum, Solana, and Binance Coin (BNB) experiencing average declines of around 2%. Bitcoin, which rose from $104,800 to $116,000 last week, was strengthened by positive signals regarding China-US trade talks and increased risk appetite. However, in the new week, investors are choosing to wait for the impact of a potential interest rate cut on the market."Bitcoin's recent recovery indicates that institutional investors are re-entering the market and long-term confidence is increasing," said Lacie Zhang, research analyst at Bitget Wallet. Zhang noted that open interest volume has increased from $25 billion to $30 billion, emphasizing that this could both increase upside potential and increase the risk of liquidation in the event of a potential decline. According to market data, open interest and funding rates on derivatives exchanges remain high but remain stable. This suggests traders are not taking excessive risks.Fed decision awaitedThe Fed's Open Market Committee (FOMC) meeting will be held on October 28–29. Markets expect a second 25 basis point interest rate cut and a widening of the interest rate range to 4.00–4.25 percent. This decision is considered the clearest indication that the central bank is shifting from monetary tightening to easing.Zhang said, "Powell is expected to maintain his emphasis on data-driven action in his statements, signaling a controlled liquidity expansion. This supports both bond demand and appetite for risky assets."This "dovish" stance is taking shape amid the delayed release of official economic data due to the US government shutdown. Powell is reportedly placing greater emphasis on private sector indicators (such as the ADP employment report) to compensate for the lack of data. Bitcoin is strong, altcoins are weakBitcoin gained 5.8 percent on a weekly basis, positively decoupling from other cryptocurrencies. FxPro analyst Alex Kuptsikevich commented, “Bitcoin used its 200-day moving average as support and rose above $116,000. The $117,000-$120,000 range is a strong resistance zone, but a sustained breakout could lead to new highs.”In contrast, the altcoin market is showing a mixed picture. Ethereum (ETH) fell 2.6 percent to $4,115. Solana (SOL) is trading around $202, while BNB is down 2 percent. XRP is trading around $2.65, and DOGE is trading around $0.20.On-chain data shows that Bitcoin, which has been dormant for more than seven years, is moving at a record pace. This suggests that some early investors are taking profits. The total cryptocurrency market capitalization stands at approximately $3.9 trillion and remains above both its 50- and 200-day moving averages. Analysts note that the market has moved past its fear phase, with investors now shifting to a "wait-and-see" mode.With the expectation of a rate cut, Bitcoin is expected to fluctuate in the $115,000–$120,000 range in the coming days. The market's direction will be determined by the potential increased volatility following the Fed's decision and the reaction of leveraged positions.
Investor Confidence Returns: $921 Million Flows into Bitcoin and Altcoin Funds
According to CoinShares' weekly report dated October 24th, there was a total inflow of $921 million into digital asset investment products in the last week. This strong performance was attributed to the recovery of investor confidence following the release of the US CPI (Central Price Index) data, which fell short of expectations. Expectations that the US Federal Reserve (Fed) may implement further interest rate cuts this year appear to have renewed buying appetite in digital asset markets.Weekly trading volumes reached $39 billion globally, well above the yearly average. This indicates that market interest and volatility remain high. US-based funds, in particular, saw inflows of $843 million, while Germany experienced a near-record week with $502 million. Meanwhile, Switzerland saw outflows of $359 million. CoinShares stated that this outflow was not due to selling pressure but rather to asset transfers between fund providers.Investors Turn to BitcoinOn an asset basis, Bitcoin was the clear winner of the week. With $931 million inflows, investors' risk appetite shifted back to Bitcoin. This brings the total inflow of $30.2 billion into Bitcoin products since the beginning of the year. While this figure is below last year's $41.6 billion, it's noteworthy that it has regained momentum with the start of the Fed's interest rate cut cycle. The situation was quite the opposite for Ethereum. A five-week streak of uninterrupted inflows ended this week with an outflow of $169 million. It was reported that investors held short positions throughout the week, despite continued interest in leveraged Ethereum ETPs (exchange-traded products). Volumes for Solana and XRP slowed significantly ahead of the expected ETF approvals in the US. Solana saw $29.4 million inflows, while XRP saw $84.3 million inflows.Meanwhile, limited outflows were observed for Sui and Cardano, with investors largely holding positions in market leaders. Litecoin, Chainlink, and multi-asset funds followed a balanced course, finishing the week with small positive inflows.By provider, CoinShares Digital Securities funds led the week with $498 million in inflows. iShares ETFs followed with $235 million and ProShares ETFs with $84 million. Grayscale Investments, however, fared negatively with an outflow of $118 million. The company has experienced a total outflow of $2.37 billion since the beginning of the year.In terms of country-by-country distribution, the US contributed $843 million, accounting for the majority of inflows, while Germany accounted for $502 million. In contrast, Switzerland was the weakest link with an outflow of $359 million. Canada and Brazil saw limited inflows, while investors in Hong Kong and Sweden remained cautious.The overall picture suggests that market participants are repositioning themselves in anticipation of interest rate cuts.
Mt. Gox Payouts Delayed to 2026: 34,000 Bitcoins Will Remain Locked
Mt. Gox, once the largest Bitcoin exchange, has once again postponed debt payments to its investors. According to a new statement, the deadline for repayments to creditors has been extended to October 31, 2026. The distribution, previously scheduled for 2025, has been brought forward by one year with court approval.Nobuaki Kobayashi, the trustee overseeing Mt. Gox's liquidation process, stated, "Since some creditors were unable to complete the necessary documents, it was deemed appropriate to extend the deadline to allow for a reasonable completion of payments." This indicates that there are still a large number of investors who have not received payments.34,000 BTC Not Yet DistributedThe exchange currently holds 34,689 Bitcoins in its wallets. The current market value of this amount is over $4 billion. After the approximately 24,000 BTC transferred in 2024, the majority of the remaining balance remains. Past distribution rounds consisted of a "basic payment," an "early lump sum payment," and an "interim payment." However, because not all creditors could participate in the process, the payment schedule was extended.This new postponement adds a new link to an eleven-year chain of uncertainty that has persisted since the 2014 collapse of the Mt. Gox process. As is well known, the exchange went bankrupt after 850,000 BTC were stolen at the time. Approximately 127,000 users have been waiting to recover their losses ever since.Positive Reception for the MarketThe news of the postponement had a positive impact on the Bitcoin market in the short term. The BTC price rose by approximately 4 percent in the last 24 hours, reaching $115,500. Experts believe this development is reducing selling pressure in the markets. The sudden release of Mt. Gox's Bitcoin holdings has caused panic among investors in the past. However, with the gradual payments made in recent years, many creditors have preferred to hold their coins long-term rather than sell them. Despite transferring 47,000 BTC to existing investors during the distribution via Kraken in the summer of 2024, prices did not drop significantly.The Mt. Gox case is now seen as a turning point in crypto history. Each new delay both tests investors' patience and postpones selling pressure in the market. According to analysts, a sudden sell-off could have shaken the market in 2025 due to weakened liquidity in OTC (over-the-counter) markets; this risk has been mitigated by this decision.In short, Mt. Gox's new plan, which will last until 2026, will keep a significant portion of the Bitcoin supply off the market for a while longer. This could have a positive impact on both price stability and investor psychology. However, as 2026 approaches, the "Mt. Gox effect" may resurface.
US-China Talks Push Bitcoin Higher: It Reaches Above $115,000!
Bitcoin closed the week on a strong rally. BTC, which gained as much as 4% over the weekend, rose to $115,400, reflecting a renewed shift in investors' risk-taking mode. Increasing trading volume, high liquidation of short positions, and positive signals from US-China trade talks supported this rise.According to CoinGlass data, $393.74 million in positions were liquidated in the last 24 hours. $319.18 million of this came from short positions; meaning investors betting on the price drop were largely forced to close their positions. The largest single liquidation occurred in the $19 million BTC-USD contract on the Hyperliquid exchange. This chart suggests a technical "short squeeze" effect has kicked in, accelerating the rally.JrKripto data revealed that Bitcoin traded at $115,401, clearly breaking through the key $112,000 resistance level. During the day, volume surged 318% above average, pushing the price from $111,453 to $113,572. This momentum created a short-term resistance level at $113,700, but the price found strong support around $113,300. US-China talks draw attentionOn the macro front, the main focus was the talks between the US and China in Kuala Lumpur. It was announced that Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent held "constructive and in-depth" negotiations. The parties stated that "fundamental agreements" were reached on issues such as the extension of tariff exemptions, agricultural trade, logistics, and export restrictions. Both countries agreed to continue dialogue and "develop their trade relations in a healthy and sustainable manner." These statements have led to market expectations that the trade war tensions may ease. “Bitcoin’s weekend rally demonstrates how much macro sentiment still drives digital assets,” said Daniel Liu, CEO of Republic Technologies. According to Liu, this move is not directly related to trade policies but rather to markets pricing in looser financial conditions. Daniel Kim, CEO of Tiger Research, commented, “Trump’s renewed US-China dialogue has positively impacted risk assets, including Bitcoin. However, the APEC summit could increase volatility.”Market sentiment shifts toward “greed”On the Myriad forecasting platform, market sentiment shifted toward “greed.” During the day, 60% of participants indicated they expected a rise in the market, while the fear index remained around 42%. However, on-chain data has yet to confirm this rally. Signs of recovery are limited in indicators such as transaction numbers and active users. While this situation increases short-term uncertainty, the outlook for the final quarter of the year remains positive, according to the Tiger Research report. Analysts predict that Bitcoin could reach $200,000 amid expectations of increased global liquidity and a Fed rate cut.
US CPI Below Expectations: Bitcoin Responds Quickly to Data
US consumer prices rose 3.0% year-over-year in September, slightly below expectations. According to data published by the Bureau of Labor Statistics (BLS), inflation was 2.9% in August. This increase reflects the overall price increase across the spending basket and carries a significant signal for policymakers who will determine the course of interest rates in the coming days.This data is particularly noteworthy because the ongoing budget impasse prevents the release of many key economic indicators. With many government agencies closed, data to be evaluated before the Fed's next policy meeting is limited. In this environment, the September CPI report stands as the central bank's only major indicator.This data also immediately resonated in crypto markets. Bitcoin, in particular, rose following the signal of a slight slowdown in inflation. Investors interpreted the lower-than-expected inflation as an expectation of a "moderate monetary policy," but shifted their positions, believing this could be positive for digital assets. In particular, the continued high level of inflation is weighing on expectations for interest rate cuts, which is important for risky assets.Looking at the data details, annual inflation was measured at 3.0%, while economists had forecast an increase of around 3.1%. In this context, the actual increase was evaluated as "slightly better than expected." However, it is also noted that this increase is still above the Fed's 2% target.The primary question for economists and market players is how this will be reflected in the decisions of the Fed, the central bank, at its October meeting. Fed officials have stated that they are now seeing signs of weakness in the labor market, and despite the relative improvement in inflation, they are urging caution. Some policymakers are considering lowering interest rates, while others advocate for cautious price stability.What does the data mean?Some key market findings are as follows:Inflation rose to 3.0% on an annual basis, slightly higher than in August. The data was one of the few economic indicators released during the US government shutdown; jobs and other key data are suspended.From a cryptocurrency market perspective, the controlled rise in inflation has kept alive expectations that interest rates may not remain high for an extended period, supporting risk assets.From the Fed's perspective, this raises the question of whether a rate cut is imminent; however, uncertainties remain high.In conclusion, inflation reaching 3% isn't entirely reassuring for the economic outlook; however, the lower-than-expected figure offers hope that some risks have diminished. Meanwhile, price appreciation is still above the Fed's target range, increasing the likelihood that the central bank will take cautious action rather than make sudden and significant changes to interest rate policy.In crypto markets, such macro data can influence the direction of major assets, particularly large ones. Decentralized digital assets like Bitcoin are sensitive to macro variables such as monetary policy decisions, inflation expectations, and interest rates. In this context, market actors appear to be focusing on indicators such as labor force data and consumer spending to be announced in the coming period.
All Eyes on Today's US CPI Data: What to Expect for the Crypto Market
US inflation data (CPI/CPI), due today at 3:30 PM Turkish time, has become the most critical agenda item this week for both traditional markets and crypto investors. Due to the government shutdown in the US, September inflation data is being released with a delay of several weeks. Authorities are preparing to release a preliminary version of the data today to reduce market uncertainty. As October draws to a close, the data, which will particularly shape Bitcoin and Ethereum prices, is expected to cause high volatility in the markets.Economists project a 0.4 percent monthly increase and a 3.1 percent annual increase for September. This rate suggests that consumer inflation could rise above 3 percent again in 2025 for the first time. A higher-than-expected data release could lead the Fed to postpone interest rate cuts, which could create selling pressure on risk assets.Critical thresholds for Bitcoin priceBitcoin is trading around $111,400 as of midday. Investors are watching to see if the price can break above $112,000 with the CPI data. Analyst Michael van de Poppe commented, “I think Bitcoin is approaching a volatile breakout. If interest rates start falling, this move could be to the upside.” Technical data suggests $107,000 as support, while $112,000 serves as resistance. The RSI indicator is at 43, suggesting the price still has upside potential. The Fed and its macroeconomic impactFollowing the CPI data, investors will turn their attention to next week’s Fed meeting. A lower-than-expected reading could signal that interest rate cuts could be on the agenda in November or December. Conversely, high inflation could strengthen the dollar index and trigger a short-term sell-off in the crypto market.Some analysts suggest that Ethereum, in particular, could react more strongly to the CPI data. Volatility for ETH is expected to reach as high as 3%, while for Bitcoin, it is expected to remain around 1.5%.On-chain data, however, suggests investor caution. According to Glassnode data, selling pressure is increasing among short-term Bitcoin holders, and analyst Ali Martinez warned, "If Bitcoin falls below the cost level of short-term investors, there could be a risk of a correction to $37,000."Amidst all this uncertainty, investors are focusing on the CPI data, scheduled for release at 3:30 PM GMT. A lower reading could pave the way for a new rally in both crypto and equity markets in the final quarter of the year. However, in a reverse scenario, a sharp increase in volatility and a short-term market shakeout are likely.
JPMorgan Takes Historic Step: Bitcoin and Ethereum Can Now Be Used as Collateral
According to a report by Bloomberg on October 24, JPMorgan Chase is preparing to allow its institutional clients to use Bitcoin (BTC) and Ethereum (ETH) as collateral.The bank has long maintained a cautious stance on digital assets; however, the rise in institutional interest in blockchain technology and digital currencies in recent years has led JPMorgan to adopt a more proactive approach. This new system will allow institutions to use digital assets like Bitcoin and Ethereum as collateral for loans, increasing their capital efficiency. According to Bloomberg, this move is considered a "first" in the banking industry in terms of both risk management and asset diversification.The bank has been known to have blockchain-focused projects underway for years (notably its own payment network, Onyx, and the JPM Coin system). Recent moves are now transitioning the financial institution into a more comprehensive structure that directly encompasses crypto assets. This move, of course, doesn't only affect JPMorgan; large financial institutions generally follow each other's lead. Therefore, the decision could create a general "green light" atmosphere within the sector. JPMorgan's analysis attracted attentionMeanwhile, JPMorgan is continuously sharing its analyses in the cryptocurrency and blockchain space. The organization's latest analysis emphasized that fintech giant Stripe is positioned at the center of two major waves driving the transformation of global finance: the rise of AI-powered commerce and the evolution of digital currency. Analysts state that the market where these two fields intersect could surpass $350 billion before the end of the decade, and that Stripe is one of the companies that will benefit most from this transformation.Stripe is a financial ecosystem active in 200 countries, reaching $1.4 trillion in annual transaction volume. The company plays a critical role in the financial transactions of AI startups. Specifically, it is laying the foundation for a new era called "agentic commerce," in which AI systems can make financial decisions autonomously.In addition, Stripe has also entered the crypto world. The company acquired stablecoin management platform Bridge and wallet startup Privy, and is working on a new Layer-1 blockchain called "Tempo," developed in partnership with Paradigm. This network, which has reached a valuation of $5 billion, is designed for practical financial transactions. According to JPMorgan, this vision positions Stripe at the center of the future digital finance architecture.However, analysts emphasize that regulations such as MiCA regulations in Europe and stablecoin audits in the US could impact Stripe's growth. However, according to JPMorgan's assessment, Stripe's scale, innovation, and deep integration with artificial intelligence could make it a defining player in the new era of digital finance.
