The next Federal Open Market Committee (FOMC) meeting is fast approaching, and the bets are already pouring in as to what it would mean for the Bitcoin and crypto industry. The last FOMC meeting took place in September, when the Federal Reserve ended up cutting rates down to 4-4.25% after months of no rate cuts. With this setting the tone, the expectations that another rate cut could be on the way are getting louder, with the FedWatch Tool showing a high percentage. Market Expects Another Rate Cut To 3.75-4% The next FOMC meeting is scheduled for Wednesday, October 29, 2025, and there is already a major clamor around what the Fed is planning on doing. The current market headwinds point to a favorable outcome for risk assets such as Bitcoin and other cryptocurrencies, with expected rate cuts. Related Reading: Here’s What The XRP Open Interest Reset Means For The Price Currently, the CME FedWatch Tool is showing that the probability of a rate cut has risen to 98.3% as of the time of this writing. This leaves only a 1.7% chance that the Federal Reserve will actually leave rates at their current levels, and there is zero chance that there will be a rate hike. A reduction in the rate cuts is good for businesses all around, as lower interest rates mean better loan terms and increased spending and borrowing. Thus, it will increase the participation in the markets, from consumer goods to the stock market, and then make its way into newer markets such as Bitcoin and crypto. Expectations For Bitcoin And Crypto Are Getting Higher A rate cut by the Federal Reserve aligns with the more pro-crypto stance that the United States has been moving in since President Donald Trump was elected. Last week, the president pardoned the Founder and former CEO of the Binance crypto exchange, Changpeng Zhao, after he previously pled guilty to money laundering violations back in 2024. Zhao has since served a 4-month stint before the pardon from Trump came. Related Reading: 100% Of Bitcoin Bull Market Peak Indicators Remain Untouched, Is There Still Room To Run? With the US embracing Bitcoin and crypto again, a rate cut will only further the ascent, allowing more investors to get into the market as liquidity frees up. The initial announcement has been known to trigger a rapid increase in the market. But as the news settles, the crypto market is expected to continue to rise in response. However, nothing is certain until the FOMC meeting is complete and the announcement is made. For the Bitcoin and crypto market to remain bullish, inflation will also have to be reduced, as an increase could trigger more conservative stances from investors. Featured image from Dall.E, chart from TradingView.com
The crypto market, despite experiencing throughout the year major price fluctuations, security incidents, and legal hurdles, has experienced remarkable growth. This can be attributed to the expansion of digital asset treasuries (DATs), increased institutional adoption, and new initiatives aimed at integrating digital assets, particularly stablecoins, into traditional financial sectors. Andreessen Horowitz (a16z) recently shared their projections for the crypto landscape for the remainder of the year and years to come, highlighting nine key trends expected to be major catalysts for the industry. Key Legislative Changes And Institutional Adoption Firstly, market structure legislation in the US is expected to emerge as a critical priority for policymakers and Congress, establishing a clear regulatory framework that supports crypto developers. The passage of the GENIUS Act in July of this year also marked a pivotal moment, garnering bipartisan support and providing builders with much-needed certainty in their endeavors. Related Reading: Canary Capital’s CEO Confirms Spot Hedera And Litecoin ETFs Will Begin Trading Tomorrow Secondly, the adoption of stablecoins is set to accelerate as network effects take hold among financial institutions, merchants, and consumers, thereby enhancing the global standing of the US dollar. Furthermore, major players like JPMorgan, Citi, BlackRock, and Fidelity are amplifying their crypto offerings through new product launches, partnerships, and acquisitions. The infrastructure supporting blockchain technology is also advancing rapidly. Current networks can process over 3,400 transactions per second, marking a 100-fold increase over the past five years. Moreover, a new wave of real-world assets (RWAs) is transitioning onto the blockchain as the worlds of crypto and traditional finance converge. The market for tokenized real-world assets has expanded to nearly $30 billion, with significant contributions from Treasuries, money market funds, and private credit. The Future Of Crypto In parallel, the crypto sector is attracting a growing pool of talent, driven by a more favorable regulatory environment and the emergence of new opportunities for developers. The focus on revenue generation is also shifting within the token ecosystem. More tokens are implementing fee mechanisms, redirecting attention toward fundamental value. In the past year, users have paid $33 billion in fees, resulting in $18 billion for projects and $4 billion for token holders. Related Reading: ETF Delays Shake Market Confidence, But XRP’s Volume Spike Supports a $2.9 Bullish Signal Innovative consumer products are also expected to drive the next wave of crypto adoption. Although approximately 716 million people now own cryptocurrency, only 40 to 70 million are considered active users. Ultimately, 2025 is poised to lay the groundwork and establish the foundations for the years to come. It is expected to be a transformative year for the crypto industry, characterized by widespread institutional adoption, regulatory clarity, and tangible utility. Featured image from DALL-E, chart from TradingView.com
Despite facing criticism for lagging behind the United States in creating a more accommodating environment for cryptocurrency growth and adoption, China reaffirmed its stringent stance on crypto once again this week. Authorities issued warnings about the alleged risks posed by stablecoins, particularly amid concerns that the US may have solidified its dollar dominance through these digital assets. US GENIUS Act Vs. China’s Crypto Caution According to local media reports, Pan Gongsheng, governor of the People’s Bank of China, announced plans to expand the use of the country’s central bank digital currency (CBDC), known as the “e-CNY.” He remarked, “[Stablecoins] are still in their early stages of development,” emphasizing that financial regulators globally remain cautious about these assets, which are typically pegged to other currencies. Related Reading: Digital Yen Goes Live: JPYC EX Integrates Traditional Finance With DeFi In the United States, however, Trump’s policies toward digital assets have resulted in the passage of the GENIUS Act, as the first crypto bill aimed at laying the framework for the adoption of these dollar-pegged cryptocurrencies. Yet, Pan highlighted that stablecoins currently fail to meet essential requirements such as customer identification and anti-money laundering (AML) measures, which could allegedly exacerbate gaps in global financial regulation. He expressed concern that these issues foster a “speculative market atmosphere,” increasing vulnerabilities in the global financial system and affecting the monetary sovereignty of less developed economies. The central bank plans to collaborate with law enforcement to continue cracking down on domestic operations and speculation related to crypto. “The policies and measures implemented since 2017 to address risks associated with virtual currencies remain in effect,” he stated. Regulatory Revisions Ahead Despite China’s continuous crypto crackdown, research on stablecoins is progressing within China. The country’s largest government-backed research fund recently opened applications for studies focused on stablecoins and their cross-border monitoring systems, offering grants ranging from 200,000 yuan (approximately $28,083) to 300,000 yuan ($42,126). The central bank also plans to optimize the positioning of the digital yuan, allowing more commercial banks to participate in the pilot program that has been running in over two dozen cities since 2019, accumulating a transaction value exceeding 14 trillion yuan. Related Reading: Crypto Analyst Shows The Possibility Of The Ethereum Price Reaching $16,000 Zhu Hexin, director of the State Administration of Foreign Exchange, indicated that nine new policy measures would soon be introduced to promote trade innovation and development, with the potential to bring positive developments for the growth of the crypto ecosystem in the Asian country. Wu Qing, chairman of the China Securities Regulatory Commission, also hinted at the possibility of such measures, stating that the regulator would review listing standards on the Shenzhen Stock Exchange’s ChiNext board to better align with the characteristics of emerging fields and future industries. Featured image from DALL-E, chart from TradingView.com
After months of growing uncertainty and anticipation, the debut of exchange-traded funds (ETFs) for Hedera (HBAR) and Litecoin (LTC) is set to commence tomorrow, as confirmed by Canary Capital’s CEO Steven McClurg on Monday. Hedera And Litecoin ETF Launches Imminent Crypto reporter Eleanor Terret shared the news on X (formerly Twitter), revealing that the ETF launches for Litecoin and Hedera are imminent, with a statement from McClurg underscoring the excitement for the upcoming launch. Related Reading: Crypto Analyst Shows The Possibility Of The Ethereum Price Reaching $16,000 Notably, the New York Stock Exchange (NYSE) has also made significant moves in the ETF sector by certifying 8-A filings and issuing listing notices for Bitwise Invest’s spot Solana (SOL) ETF launch tomorrow and Grayscale’s GSOL conversion slated for Wednesday. Despite the ongoing government shutdown, these ETF debuts are proceeding smoothly, Terret confirmed. The legal processes behind ETF launches, including the crucial 8-A filings, have been completed successfully, paving the way for the launch of these investment vehicles. ETF Listings Confirmed Addressing concerns about Securities and Exchange Commission (SEC) approval during the shutdown, a key detail emerged: the issuers strategically included provisions in their amended S-1 filings, enabling automatic effectiveness 20 days post-filing. This ensures a seamless transition to trading without manual SEC approval. Related Reading: ETF Delays Shake Market Confidence, But XRP’s Volume Spike Supports a $2.9 Bullish Signal Bloomberg’s ETF expert, Eric Balchunas, further corroborated this development on social media, confirming the listing notices for Bitwise, Canary, to launch imminently, with grayscale Solana’s conversion scheduled shortly after. Balchunas stated, “Assuming there’s not some last min SEC intervention, looks like this is happening.” The news has sparked a recovery in HBAR and LTC prices. Litecoin has regained the key $100 mark with a 2% surge in the 24-hour time frame, while Hedera has seen similar gains of 2.1% during the same period. Featured image from DALL-E, chart from TradingView.com
Over the years, a number of indicators have emerged that have often helped to pinpoint the Bitcoin bull market peak. These indicators have been triggered in previous cycles, and their triggers have often been a signal that it was time to get out of the market, as a new bear market is underway. However, this time around, even with the Bitcoin price hitting multiple new all-time highs, none of these cycle peak indicators have been triggered, suggesting that the market top has yet to be reached. 0 Out Of 30 Bull Market Peak Indicators Triggered The Bull Market Peak Indicator tracker on the Coinglass website follows a total of 30 indicators that follow 30 indicators that show the progress of the Bitcoin bull market toward reaching a top. Some major ones include the Bitcoin Bubble Index, the Puell Multiple, the Bitcoin Rainbow Chart, and the Altcoin Season Index, among others. Related Reading: Trump To Install New Pro-Crypto CFTC Chair? Here’s What We Know So Far Usually, these indicators are tracked on a scale of 0-100%, with 0% meaning that it is far from being triggered and 100% showing that an indicator has been triggered. If only a few of these get to the 100% mark and are triggered, it usually doesn’t mean that the Bitcoin peak has been reached. However, even now, not one of these indicators has been triggered. Most continue to remain quite low, while the likes of the Bitcoin dominance are high, but still have not been triggered. For there to be a definite progress toward the Bitcoin market peak, at least half of these would have to be triggered. What This Means For Investors Since none of the bull market peak indicators have been triggered, it means that the Bitcoin price might actually be far away from its all-time high. With the score still being 0 out of 30, it points to this being a time to hold, despite the declines that the market has suffered recently. Related Reading: Here’s How High The Bitcoin Price Would Be If It Catches Up With The Stock Market According to a previous report from Bitcoinist, this was the case a few months ago, and now two months later, the tracker remains the same. Thus, it could be that $126,000 is not the all-time high for Bitcoin, and that the market could end up getting an altcoin season after all. In the case that more than half of the bull market peak indicators do get triggered, then it means that the top of the market is getting close. Once it gets to 30/30, then it signals the start of the next bear market, and this is when selling is at its highest in the market, leading to rapid price declines across the board. Featured image from Dall.E, chart from TradingView.com
The XRP/BTC monthly chart has finally snapped the long diagonal that’s capped XRP since 2018, and one analyst on X thinks that shift could rewrite the pecking order. Posting under the handle X Finance Bull (XFB), the analyst argued that XRP will soon start to outperform Bitcoin. This is because the XRP/BTC pair has not only broken out but also retested the trendline as support, and this has certified the start of a new buildup of momentum. Related Reading: XRP Sparks Bullish Frenzy As Top Software Dev Says It Beats ETF Hype Retest Of A Six-Year Breakout Trendline The mid-October flash crash that rippled through the crypto market left a visible mark on the XRP/BTC chart, creating a deep downward wick that momentarily dipped below the long-standing resistance trendline. However, as Bitcoin started to recover to above $110,000, XRP struggled to keep up and lost ground relative to Bitcoin. Interestingly, price action shows that this move was short-lived, and XRP has started to recover against Bitcoin in recent trading sessions. As shown on the monthly candlestick timeframe chart below, the wick fell to the exact level of the breakout retest, a point where former resistance turned into new support. This breakout occurred in late 2024/early 2025, when XRP outperformed Bitcoin for three consecutive months. From there, the XRP/Bitcoin pair was able to break out of a downward-sloping resistance trendline of lower highs spanning over six years. Since then, however, 2025 has been characterized by more months of Bitcoin outperforming XRP than months of XRP outperforming Bitcoin, with October falling into the former group of months. Particularly, during the flash crash, the XRP/BTC pair plunged to around 0.000007 before rebounding almost immediately, a move that, according to XFB, represents the long-awaited retest of the broken trendline. XRP/Bitcoin 1M chart. Source: @Xfinancebull Since that retest, XRP has recovered impressively, with the pair maintaining a monthly close above the diagonal that once acted as a ceiling. This technical confirmation signals the completion of the breakout from the 2018 to 2024 downtrend that had defined XRP’s multi-year underperformance against Bitcoin. The monthly structure is now displaying the early signs of an upward shift, with the pair trading around 0.00002258 BTC. XRP To Decouple And Outperform Bitcoin? According to the analyst, XRP is about to undergo a rally that massively outperforms Bitcoin and melts the face of many Bitcoin maximalists. XFB’s chart outlines two target zones ahead for XRP: 0.00014688 BTC and 0.00023009 BTC. The first target corresponds to the consolidation area seen between 2018 and 2019, while the second represents a major resistance cluster from the earlier phase of XRP’s creation. If XRP/BTC rallies to those levels, it would amount to approximately a 6x and 10x gain relative to Bitcoin, respectively. Related Reading: ‘The Best Is Yet To Come’: Ripple President Sees Bright Path Ahead For XRP The analyst also connects the technical setup to Ripple’s growing institutional ecosystem. He pointed to Ripple Prime, GTreasury, Metaco, Standard Custody, and Rail as part of the infrastructure that’s setting up XRP as a bridge asset for global finance. These partnerships give XRP an edge heading into the coming months, as it moves into real institutional utility and starts outperforming Bitcoin. If these developments continue, the incoming decoupling of the XRP/BTC pair could become one of the most significant events for XRP. At the time of writing, XRP is trading at $3.63, up by 3.5% in the past 24 hours. Featured image from Unsplash, chart from TradingView
Ethereum’s largest non-exchange holders are tiptoeing back into accumulation. On-chain analytics platform Santiment reported that wallets holding between 100 and 10,000 ETH, also known as whales and sharks, have begun to rebuild positions after unloading roughly 1.36 million ETH between October 5 and 16. Notably, the Ethereum collective holdings chart shows that nearly one-sixth of those coins have already been clawed back, as some confidence starts to return to the second-largest crypto asset. Related Reading: ‘The Best Is Yet To Come’: Ripple President Sees Bright Path Ahead For XRP Whales Reverse Course After Early-October Capitulation The first half of October was highlighted by one of Ethereum’s most pronounced periods of capitulation this year. Macroeconomic fears due to US tariffs saw the Bitcoin price undergo a flash crash that dragged many altcoins to the downside. During this move, Ethereum’s price also fell very quickly, dropping from highs around $4,740 on October 7 to as low as $3,680 on October 11. Interestingly, on-chain data shows that the selling pressure from large holders amplified this move, as the chart from Santiment shows a steep decline in their cumulative holdings from about 24.5 million ETH to roughly 22.6 million ETH. This 1.9 million ETH drop reflected clear risk-off behavior among whales and sharks, who had been net buyers since August. However, once selling momentum began to fade, accumulation started to return. Institutional inflows started to return into Spot Ethereum ETFs, and whale/shark trades started accumulating Ethereum. Since October 16, the same cohort that contributed to the liquidation has begun adding back to their positions. Santiment noted that these holders are finally showing some signs of confidence, demonstrating an incoming extended recovery phase following the shakeout. 218,470 ETH Added In Last 7 Days According to Santiment’s data, the collective holdings of addresses with 100 to 10,000 ETH have rebounded to approximately 23.05 million ETH after bottoming out in mid-October. A highlighted annotation on the chart shows that 218,470 ETH were accumulated in just the past week, signaling a tangible shift in on-chain behavior. Ethereum collective holdings of wallets holding 100-10,000 ETH. Source: Santiment This increase represents roughly one-sixth of the coins previously dumped, a sign that major investors are gradually re-entering the market after what appeared to be an exhaustion phase. Similar accumulation trends have often preceded a broader recovery in Ethereum’s price, especially when accompanied by stabilization in the ETH/BTC trading pair. As it stands, the Ethereum price appears to be building a firmer base for the next phase of its recovery heading into November. When whale wallets accumulate, it reduces the circulating supply available on exchanges and reduces selling pressure. Related Reading: XRP Sparks Bullish Frenzy As Top Software Dev Says It Beats ETF Hype At the time of writing, Ethereum is trading at $3,940 and is on track to break and close above $4,000 again. Both Ethereum and Bitcoin have risen a bit in recent days after inflation report showed US inflation cooling to 3% in September, below the 3.1% forecasted by economists. Featured image from Unsplash, chart from TradingView
Dogecoin’s higher-time-frame structure is starting to look constructive again. In a technical analysis posted on X, crypto analyst EtherNasyonaL noted that Dogecoin’s market cap has completed a build, and momentum is ready, pointing to a cup-and-handle breakout retest breakout on the monthly market-cap chart. The chart he shared shows Dogecoin’s market cap hovering just under $30 billion, riding above its 25-month moving average with a gentle series of higher lows that has been developing since the 2022 bear market base. Related Reading: XRP Sparks Bullish Frenzy As Top Software Dev Says It Beats ETF Hype Cup-And-Handle Breakout With A Convincing Retest The chart shared by EtherNasyonaL looks at a cup-and-handle structure that has been developing on Dogecoin’s market cap chart for several years. The cup portion stretches across 2022 and 2023, a long and gradual recovery phase following Dogecoin’s blow-off peak in the 2021 bull market. The handle is a narrowing consolidation under a descending resistance trendline that capped every attempt at recovery throughout the 2022/2023 bear market. Eventually, that resistance line was broken with a clean upward move in late 2024, confirming the first official breakout from the multi-year downtrend. However, what makes this setup interesting is the successful retest of that same resistance line, now turned into support, where price action briefly dipped before bouncing again. This retest occurred mid-October, when the Dogecoin crashed to $0.15 very briefly. The retest confirmed the breakout’s legitimacy, showing that Dogecoin traders defended the new support zone rather than allowing another breakdown. This kind of retest is known in technical analysis to lead to large directional moves, especially on higher timeframes where fewer false signals occur. EtherNasyonaL’s chart implies that Dogecoin has completed its build phase that lays the foundation for the next upward leg in its market cap. Dogecoin Market Cap. Source: @EtherNasyonaL on X Rising Bottoms And MA25 Support Strengthen Bullish Structure Another important element of EtherNasyonaL’s analysis lies in the consistent pattern of higher lows visible on the chart. Dogecoin’s market cap has formed a rising base since mid-2023, where each correction has ended above the previous one. Equally important is the 25-month moving average (MA25) that runs beneath the candles. This indicator has acted as a dynamic support level for much of Dogecoin’s higher-time-frame structure. EtherNasyonaL noted this indicator’s role as the trend backbone by pointing out that this support has “continued to hold the price.” Related Reading: ‘The Best Is Yet To Come’: Ripple President Sees Bright Path Ahead For XRP As it stands, Dogecoin is now trading well above this moving average. As long as the market cap remains above it, Dogecoin’s structure will continue to maintain its bullish integrity. Should momentum continue to build as the MACD line turns upward, as the chart suggests, the conditions could align for Dogecoin’s next expansion phase. The next expansion phase could take Dogecoin’s market cap above $100 billion, as projected in the chart above. At the time of writing, Dogecoin is trading at $0.20, with a market cap of $29.82 billion. Featured image from Unsplash, chart from TradingView
Crypto influencer Coach JV has reiterated his long-term faith in XRP and other digital assets, saying the current moment marks “the greatest shift in humanity.” According to his post on X, he updated a ranked list of his top holdings and urged patience, arguing that the next five years will reshape how money moves and how families hold wealth. Related Reading: XRP Sparks Bullish Frenzy As Top Software Dev Says It Beats ETF Hype Analyst’s Updated Holdings His current ranking places XRP first, followed by Bitcoin, Solana (SOL), Stellar (XLM), WLFI, Hedera (HBAR), and VeChain (VET). He said he favors assets with real-world use and lasting value over quick trades. Reports have disclosed that WLFI — the token tied to the Trump family’s World Liberty Financial — has not rallied since its September launch and is down about 71% from its peak on September 1. Still, Coach JV wrote that WLFI is “making moves up [his] ranking,” signaling increased confidence in the token despite its recent drop. My top holding have adjusted a bit. In order (just my journey do you) XRP BITCOIN SOL XLM WLFI (making moves up my ranking) HBAR VET This is the greatest shift in humanity. Looking forward to coming back to this in 2030. — Coach, JV (@Coachjv_) October 24, 2025 XRP As A Core Holding Coach JV argued that XRP’s fixed supply, speed, and scalability make it useful for cross-border payments. He has described XRP and Bitcoin as stores of family wealth. He told followers that fiat currency loses buying power over time and that crypto can help preserve purchasing power across generations. Coach JV also predicted that by 2030 he will look back and see early conviction rewarded. He went further, saying he expects XRP to surpass Bitcoin and Ethereum to become the top cryptocurrency by 2030 and that Ripple could act like a future bank. Community Response And Timing Meanwhile, reports have highlighted renewed optimism in the XRP community after pro-XRP engineer Vincent Van Code posted that “we might see some big announcements in favor of XRP.” Van Code suggested such news could come as soon as the US government reopens. Concerns over regulatory delays have been raised elsewhere; several observers say a temporary US shutdown slowed progress on approvals for an XRP exchange-traded fund and other regulatory milestones. Those delays are often cited as reasons why some market-moving updates remain pending. Boy wait til the government reopens again soon. We might see some big announcements in favor of XRP. — Vincent Van Code (@vincent_vancode) October 24, 2025 Market figures underline that conviction does not equal short-term gains. WLFI’s fall of about 71% from its peak on September 1 is a sharp example. Price moves like that were recorded after the token’s September debut. Investors quoted in social posts have pushed back, reminding followers that publicity and social confidence do not guarantee future returns. Related Reading: ‘The Best Is Yet To Come’: Ripple President Sees Bright Path Ahead For XRP Outlook And Advice According to Coach JV, patience is central: he told his audience to think in decades, not days, and wrote, “Looking forward to coming back to this in 2030.” That view is shared by some supporters, while others urge caution and point to clear losses in tokens like WLFI as reasons to manage risk. For now, Coach JV’s stance is public and firm, and it has sparked renewed debate about what role XRP and related projects will play in mainstream finance over the coming years. Featured image from Unsplash, chart from TradingView
Bitcoin rose above $110,000 after softer U.S. CPI at 3.0%, while analysts say easing hopes clear policy risk, though options exposure leaves rallies fragile.
Bitcoin has stayed rangebound under $110,000 as options open interest neared records and ETF outflows deepen ahead of U.S. inflation data.
According to comments from the creator of the stock-to-flow model, the familiar four-year cycle tied to Bitcoin halvings may no longer be a sure guide for traders. Related Reading: You Want $1K XRP? You’ll Need Iron Nerves — Or ‘Mental Illness’, Analyst Says The analyst — known as PlanB — warned that using just three past cycles to predict future tops is risky, and he said the next peak is not guaranteed to fall 18 months after the last halving in October. Cycle Timing May Vary Widely PlanB told followers that the top could arrive in 2026, or 2027, or even 2028, and that he is more focused on Bitcoin’s average price level than on a single high or low. Reports have disclosed that some market participants believe $126,000 was the peak and expect BTC to slide below $100,000 next year. PlanB called that view “a big misunderstanding,” arguing that three cycles do not form a strong statistical pattern. Bears think $126k was the top, and btc will fall below $100k, and 2026 will be a bear market mainly because … the 4 year cycle!? IMO that is a BIG misunderstanding. Yes, there is a 4y halving cycle that doubles S2F-ratio, and 6 months before until 18 months after a halving was… pic.twitter.com/tehnZ4rRab — PlanB (@100trillionUSD) October 20, 2025 Spot Versus Paper Liquidity According to some experts, the last bull run’s top was driven largely by short-term liquidity in paper derivative markets. Based on reports, they see less of that paper-driven liquidity this cycle, while longer-term spot buying has held up so far. That shift could mean the next major move in price will come from different places than before. Trader Sentiment Shifts With Price Moves Reports show Bitcoin briefly fell below $103,000 last week, sparking worries that a bear market had started. Analysts noted that sentiment changed quickly — traders were hoping for a bounce so they could exit at a decent level. Recent action has been bouncy. Bitcoin dropped more than 3% over a few hours on Tuesday morning Asian trading, slipping to about $107,000 before finding support near $108,000. No Clear Phase Transition Yet PlanB said he has not seen a clear “phase transition” for Bitcoin in this cycle. That means either the big institutional-driven jump is still ahead, or the market has moved toward a steadier price regime shaped by funds, mandates, and rebalancing. Both possibilities, he argued, could be positive for Bitcoin over time because they imply different forms of lasting demand. Related Reading: The XRP Shockwave Will Hit When No One’s Watching—Analyst Short-term volatility has kept traders on edge. Even when price recovers, the mood can flip fast. Based on reports, crypto markets still need stronger fundamentals or sustained flows to calm nerves and push prices higher for a longer stretch. Featured image from Gemini, chart from TradingView
According to a Reuters report, global asset management firm T. Rowe Price, with $1.7 trillion in assets under management (AuM), is seeking regulatory approval to launch its first actively managed crypto ETF linked to multiple tokens, marking the firm’s initial entry into the cryptocurrency market space. The Firm’s First Crypto ETF Bryan Armour, an exchange-traded fund analyst at Morningstar, commented on the development stating, “It’s a surprise to see them as a relatively late entrant, but they’re planning to offer something differentiated to try and break into the space.” Related Reading: Crypto Winter Looms: These Key Signals Point To A Deeper Crash Ahead While many asset managers have inundated the SEC with applications for ETFs tied to individual cryptocurrencies like Solana (SOL), XRP, Dogecoin (DOGE), among the most anticipated, proposals for new multi-coin products that are actively managed remain uncommon, Armour added. T. Row Price’s crypto ETF reportedly aims to provide investors exposure to a selection of five to 15 digital coins that meet specific eligibility criteria. The fund’s prospectus indicates that eligible assets could include Bitcoin (BTC), Ethereum (ETH), SOL, DOGE, and Shiba Inu (SHIB). The managers will target outperformance of the FTSE Crypto US Listed Index, utilizing fundamental, valuation, and momentum factors to guide their asset selections and portfolio allocations, a spokesman told Reuters. T. Rowe Price’s New Digital Assets Strategy Rowe Price has been closely monitoring developments in the digital assets space and has developed the capability to trade digital assets in recent years, Reuters highlighted. In 2022, as one of its first steps to prepare for entering the industry, the firm appointed Blue Macellari, a former crypto hedge fund executive, as head of its digital assets strategy. This could be boosted by recent regulatory developments in the US, where the pro-crypto Trump administration has developed and introduced new crypto bills that aim to lay the foundation for transforming the country into the crypto capital of the world, as Donald Trump himself has stated repeatedly this year. Related Reading: Gold Rotation Impact: Bitwise Warns Bitcoin Could Skyrocket To $242,000 Todd Rosenbluth, head of research at VettaFi, an ETF market analysis firm, commented, “It’s exciting to see them expand their ETF lineup beyond stock and bond exposure.” Numerous crypto ETF applications are awaiting SEC approval amid a government shutdown that has significantly reduced the agency’s operational capacity. These products are unlikely to receive the green light until the shutdown concludes, despite the regulator’s recent adoption of new listing standards that have paved the way for a range of new offerings, including the T. Rowe Price crypto ETF. As of this writing, Bitcoin has resumed its downward trend, dropping to the lower boundary of its consolidation range at $107,988—a 3.5% decrease from Tuesday’s valuation. Featured image from DALL-E, chart from TradingView.com
A recent MEXC Q3 report highlighted the strong performance of the crypto market during the last quarter, which saw active traders surge as the total crypto market capitalization climbed to the $4 trillion mark. Related Reading: Fetch.AI CEO Offers Reward To ‘Uncover’ Ocean Protocol’s Alleged $120M FET Dump Spot Market Sees Strong Q3 Performance On Wednesday, crypto exchange MEXC published its Q3 2025 Ecosystem & Growth Report, highlighting sustained expansion, robust user activity, and security from the previous quarter. According to the report, the exchange experienced strong activity and trading momentum during the market run between July and September, with over 680 new tokens added to the crypto exchange in Q3, representing a 17% increase from Q2. Moreover, the number of active users trading new listings in the exchange increased 16%, while the trading volume for these tokens surged 97%. The report also noted that the spot market had a “particularly robust” performance last quarter, with the top 10 highest-volume tokens recording an average peak gain of 2,933%, a 158% jump from Q2. Notably, memecoins, AI + Web3, Perpetual Decentralized Exchanges (DEXs), and stablecoin protocols were among the dominant narratives, with tokens like STBL, Chainbase (C), and DeAgentAI (AIA) showing remarkable 500% to 12,00% performances. Meanwhile, the BSC ecosystem outperformed all other ecosystems, taking six of the top 10 tokens by growth in the crypto exchange. The report detailed that BSC projects produced an average return of over 9,000%, including TALE, BAS, and MEAL. It’s worth noting that the BSC outperformed other networks in DEX activity earlier this month, with data showing that it recently ranked first across all chains, surpassing Ethereum and Solana on DEX daily trading and chain fees. Additionally, BSC reached a new all-time high (ATH) of 5.02 trillion gas used in a single day two weeks ago. MEXC also highlighted that BSC’s strength was matched by the Ethereum and Base ecosystems, which recorded strong performance with GAIA, ERA, and Avantis (AVNT), “representing the growing cross-chain vitality of Layer-2 and DeFi derivative protocols.” Crypto Losses Trend Slows Down The report revealed that the crypto exchange intercepted 48 fraud cases last quarter, freezing nearly $5 million in illicit funds. As part of its efforts to prevent fraud, it also restricted more than 19,000 suspicious accounts, including 17,000 collusive accounts and over 2,000 bot-trading accounts. Notably, a concerning trend that has been developing this year, which could drive theft from digital asset services to a new milestone by the end of 2025. According to Chainalysis, crypto theft this year has been “more devastating” than the entirety of 2024, with over $2.7 billion worth of funds stolen from crypto services in the first half of 2025. Related Reading: Bitcoin (BTC) Price Eyes $114,000 Retest Amid Bounce, But Analyst Suggests Caution As reported by NewsBTC, hacks significantly increase at the start of Q3, driving over $100 million in losses for exchanges. Q2 showed a diminishing trend in total crypto losses, with May and June recording 40% and 56% month-on-month (MoM) declines, respectively. This trend briefly shifted in July as the total value of stolen funds surged 27.2% from the previous month. Nonetheless, recent reports show that total funds lost to crypto hacks and exploits dropped around 37% in Q3, despite the market rally and initial trend. Featured Image from Unsplash.com, Chart from TradingView.com
The broader crypto market is currently navigating a phase of uncertainty, with concerns mounting over the possibility of a new bear market. A recent analysis by Barchart analyst Rob Isbitts highlights three significant signals suggesting that a deeper retreat in crypto prices may be on the horizon. Emerging Correlations Among Crypto Prices The report points to notable trends observed in April of last year, when a 50% increase followed the launch of several spot Bitcoin exchange-traded funds (ETFs_. Specifically, BlackRock’s IBIT fund which boasts over $85 billion in assets under management, subsequently experienced a decline of approximately 25%. Related Reading: Bear Market Alert: Top Expert Claims Bitcoin Price Fate Hangs On $101,700 Support Level A similar pattern was evident in the early months of this year, where fluctuations were mirrored in the market as increased outflows in these investment vehicles began to rise. Currently, the Percentage Price Oscillator (PPO)—a key indicator used by Isbitts—signals increasing chances of a decline in Bitcoin’s price as the weeks progress. Ethereum (ETH) appears to be following a comparable trajectory. Isbitts notes that while Bitcoin remains the leading cryptocurrency, the correlation among various coins is strengthening over time. This heightened correlation implies that Ethereum may also experience declines in tandem with Bitcoin. However, for cryptocurrencies that are further removed from the Bitcoin core, such as Solana (SOL), additional risks emerge. In these cases, not only does correlation impact prices, but a higher “beta” can lead to even steeper declines, reflecting increased volatility. For instance, when Bitcoin recently dropped about 15% from its peak, the futures -based Solana ETF (SOLZ), which has attracted over $220 million in assets in less than seven months, fell by double that percentage. Has Gold Regained Its Safe Haven Status Against Bitcoin? A common thread among the charts shared by Isbitts, is the recent formation of lower lows, indicating a pressing need for a rebound. If this does not occur soon, the expert highlights that the likelihood of further declines in crypto prices increases. The report also discusses a shift in the perception of gold, which has traditionally been viewed as an “anti-US dollar asset.” The expert asserts that as global central banks increase their gold reserves, the dynamics of the market may be changing. Related Reading: Solana Co-Founder Ventures Into Perpetual DEX Development: What You Should Know Recently, gold has exhibited price movements akin to those seen in cryptos, suggesting a potential resurgence in its role as a safe haven. This shift has impacted crypto stocks and ETFs, with certain funds showing signs of vulnerability as indicated by the PPO nearing a one-year high. A longer-term analysis of Bitcoin by Isbitts illustrates its inherent volatility, yet it has consistently managed to achieve higher highs over time. While this trend may continue, the current market conditions suggest that any future rallies are likely to start from lower price levels. As of this writing, however, Bitcoin, the market’s leading crypto, has regained the $112,900 mark, rising 3% in the last hour of Tuesday morning’s trading session. Featured image from DALL-E, chart from TradingView.com
Bitcoin is trading around $107,000 after its recent flash crash, maintaining stability to prevent further decline but is yet to return to trading above $110,000. Notably, popular crypto analyst Titan of Crypto shared a detailed Gaussian Channel analysis on X that points to Bitcoin’s macro bull structure remaining intact despite short-term volatility. His post, which was accompanied by a Bitcoin price chart, shows how Bitcoin’s position relative to the Gaussian Channel offers a clear view of the ongoing cycle. Related Reading: Michael Saylor Issues Rally Cry To Bitcoin Army: “Starve The Bears!” Bull Market Intact Above Gaussian Channel Titan of Crypto noted that Bitcoin’s placement above the Gaussian Channel represents strength in the long-term trend. As shown in the weekly candlestick price chart below, the green channel corresponds to bullish phases, while red regions represent bearish downturns, a prime example being the 2022 bear market. At the time of writing, the upper band is positioned around $101,300 and trending upward. Therefore, Bitcoin’s price action around $107,000 means that it is yet to break into the Gaussian channel and its overall market structure is still solid. From this, it can be inferred that Bitcoin’s current pullback from the October 6 all-time high above $126,000 is only a temporary pause within a larger bull market. Bitcoin Gaussian Channel. Source: Titan of Crypto on X However, although the Gaussian Channel reading looks favorable, Titan of Crypto noted that the indicator should not be treated as a trading trigger. “It’s not a buy signal, it’s a macro context indicator,” he stated. Being above the Gaussian Channel doesn’t necessarily equate to buying more. It simply means the bull market structure is still intact. The Gaussian Channel works best when combined with other indicators such as trading volume, moving averages, and on-chain accumulation trends to confirm directional momentum. Coinbase Premium Gap Turns Red Speaking of other indicators, on-chain data from CryptoQuant shows that the Coinbase Premium Gap, a metric comparing Bitcoin’s price on Coinbase versus other exchanges, has turned red. As shown in the chart below, Coinbase’s Premium Gap went on a sharp decline from positive premium levels above +60 earlier in the week to as low as -40 when the Bitcoin price fell to $101,000. Bitcoin: Coinbase Premium Gap Interestingly, the Coinbase Premium Gap has increased to around -10 at the time of writing, meaning US investors are starting to turn bullish again. This can be seen as a bullish signal, as similar dips in US demand were recorded between March and April before the Bitcoin price eventually rallied more than 60% to reach new all-time highs. Related Reading: Bitcoin Plunges To $105k As Investors Shift To Gold After Crypto Carnage However, a red Coinbase Premium Gap alone is not decisive. It should be interpreted alongside other data points, including ETF inflows, trading volume, liquidity, and derivatives funding rates. At the time of writing, Bitcoin was trading at $107,120. Featured image from Vecteezy, chart from TradingView
XRP has shown some signs of recovery over the past 48 hours, climbing about 5.3 % from its recent low, according to on-chain analytics platform Santiment. The rebound comes as investor confidence appears to be returning, as it coincides with a steady rise in mid to large-sized XRP holders. Particularly, on-chain data shows that the XRP ecosystem now has more than 317,500 wallets holding at least 10,000 XRP tokens for the first time in its history. Related Reading: Bitcoin Plunges To $105k As Investors Shift To Gold After Crypto Carnage Mid To Large XRP Holders Reach Record 317,500 Wallets Despite XRP’s recent price woes alongside the rest of the crypto market, on-chain data shows that XRP’s holder base is increasing among crypto investors. Notably, Santiment’s latest data shows that the number of XRP wallets holding at least 10,000 tokens has reached an all-time high of approximately 317,500. Santiment’s data chart, as shown below, indicates that XRP’s network has added approximately 1.8% more wallets holding 10,000 or more tokens in just the last thirty days. Interestingly, Santiment’s data further shows that the upward slope of this metric has been consistent throughout 2025. The increase in mid-sized and large wallet count shows that many XRP investors are not concerned about the recent price dips. Instead, many of them are taking advantage of lower prices to strengthen their holdings. As such, a growing segment of investors are buying XRP for long-term gains rather than short-term price action. XRP, which is currently hovering around the $2.35 range, may benefit from this growing base of committed holders in the long term. Its price trajectory now depends on its ability to sustain momentum above $2.3. If the bullish on-chain sentiment translates into consistent buy pressure, XRP could extend its rebound and target at least $2.8 before the end of the week. However, if momentum stalls, the price may enter another downward phase before an upward move. Nonetheless, the record growth in wallets holding over 10,000 XRP provides a strong long-term foundation that may support the cryptocurrency’s value in the coming weeks. Number of 10K+ XRP Wallets. Source: Santiment Ripple’s Acquisition Of GTreasury Adds Institutional Momentum Ripple Labs, the company behind XRP, recently announced the acquisition of GTreasury for $1 billion, making this its third-biggest deal in 2025. The deal will bring GTreasury’s treasury-management software, used by global corporations to manage liquidity, cash forecasting, payments and risk, into Ripple’s infrastructure suite. Related Reading: Biggest Shiba Inu Burn In Months — And It Came From A Coinbase Account GTreasury serves over 1,000 customers across about 160 countries and has more than 40 years’ experience in corporate treasury operations. The move gives Ripple immediate access to the multi-trillion-dollar corporate treasury market and large enterprise clients previously outside its direct reach. There are also reports that Ripple is planning to raise $1 billion to build an XRP treasury. At the time of writing, XRP was trading at $2.35. Featured image from Unsplash, chart from TradingView
The recent $500 billion crypto market sell-off revealed the instability of stablecoins, with prices fluctuating even for stablecoins.
The cryptocurrency market has been hit with another wave of sell pressure as both the Bitcoin and Ethereum prices plunged sharply, triggering widespread panic and uncertainty. With over $536 million in Spot Bitcoin ETF outflows in a single day, the downturn has sparked renewed fears of an extended bearish phase. Analysts are calling this correction a “Bloody Friday,” a less but still severe reflection of last week’s brutal selloff that wiped billions in the market and saw BTC and ETH spiraling downwards. Related Reading: Biggest Shiba Inu Burn In Months — And It Came From A Coinbase Account ETF Outflows Trigger Bitcoin And Ethereum Price Crash The recent crash in Bitcoin and Ethereum prices is being attributed to recent large-scale outflows from US Spot Bitcoin ETFs. Crypto analyst Jana on X social media described the event as one of the bloodiest weekly downturns of the quarter, with Bitcoin tumbling 13.3% in seven days and Ethereum sliding 17.8% over the past month. At press time, Bitcoin is trading slightly above $106,940 while Ethereum sits around $3,870, both suffering steep retracements from their recent highs. Data from SoSoValue shows that Thursday, October 16, saw a staggering $536.4 million in daily net outflows from Spot Bitcoin ETFs, marking the largest single-day negative flow since August 1, when $812 million exited the market. Out of twelve US Bitcoin ETFs, eight registered major outflows, led by $275.15 million leaving Ark & 21Shares’ ARKB, followed by $132 million from Fidelity’s FBTC. Notably, funds managed by other major companies like Grayscale, BlackRock, Bitwise, VanEck, and Valkyrie also reported significant withdrawals. These persistent outflows have now stretched into their third consecutive day, with October 17, just a day ago, recording a massive outflow of $366.5 million. The sustained negative ETF flows underscore waning investor confidence and suggest that the broader market downturn could continue in the near term. Combined with the $19 billion liquidation event last Friday, increased outflows in ETFs could put more selling pressure on the already fragile market. Experts Warn Of Deeper Market Pain Ahead Many experts believe that the crypto market may still have more room for a decline. Data from Polymarket, one of the world’s largest prediction platforms, show that 52% of participants expect Bitcoin to drop below $100,000 before the end of October. Veteran economist and Bitcoin critic Peter Schiff has also warned that the coming months could be catastrophic for the industry, predicting widespread bankruptcies, defaults, and layoffs as Bitcoin and Ethereum face another major leg down. Meanwhile, technical analysts are pointing to signs of deeper weakness in Ethereum’s structure. According to Crypto Damus, Ethereum has broken key weekly support and is displaying a bearish setup on the charts. He says that MACD is about to “cross red,” leaving a significant amount of room for a crash. Other analysts like Marzell have echoed similar concerns, stating that Ethereum is now nearing a “crash zone.” However, he also highlighted the $3,690 – $3,750 range as a possible short-term demand area where buyers could step in again and trigger the next leg up. Related Reading: Bitcoin Plunges To $105k As Investors Shift To Gold After Crypto Carnage Featured image from Unsplash, chart from TradingView
XRP has found itself back under the microscope as bullish momentum is yet to return with full force. Another weekend is here, and XRP’s price action is still perambulating around last weekend’s flash crash, which saw the cryptocurrency register its biggest liquidation candlestick in history. Now, XRP is trying to recover to higher price levels above $2. Interestingly, one technical analysis warns that, before any major rebound, the price of XRP could suffer a severe decline, possibly down as much as 40%. While such a drop would be painful for holders, the scenario is being cast not as a permanent collapse but as a capitulation move that might precede a stronger rally. Related Reading: Biggest Shiba Inu Burn In Months — And It Came From A Coinbase Account Worst Case Scenario What transpired last weekend in the crypto markets qualifies as the largest deleveraging event in recent memory. Leveraged positions were forcibly closed out across many exchanges, leading to cascading liquidations that sent price action into a free fall. As such, about $19 billion in positions was wiped out in the span of hours. In XRP’s case, that intense pressure led to a violent plunge that created a deep low wick to break below $1.6 on its price chart before a quick rebound above $2.2. That wick is central to the argument that the forced selling squeezed both longs and shorts, clearing excess leverage and setting the stage for price discovery to reset. However, a suggestion is that the worst may not yet be fully priced in, and that this purge might continue deeper before sentiment truly turns bullish. This worst-case scenario outlook is based on an analysis by Steph Is Crypto that envisions another possible 40% crash in the XRP price. As shown in the price chart below, XRP’s price action might fall to revisit last weekend flash crash bottom just above $1.55. This price level may represent the deepest downside target before the market catches its footing again. If current levels give way, say if XRP loses its more immediate support zones at $2.2 and $2, the descent toward that boundary would amount to a drop of about 30 to 40%. XRP Price Chart Analysis. Source: Steph Is Crypto on X What’s Next After The Crash? The wick already formed by the sudden flash crash is interpreted as an initial flush of stops, but the full erosion of weak hands might still have room to run. Only after that purge can a more sustainable rebound be believable. Related Reading: Bitcoin Plunges To $105k As Investors Shift To Gold After Crypto Carnage If the worst-case scenario plays out, the path forward would require XRP to first establish strong support near or around $1.55, shake off residual volatility, and then gather volume and momentum for the next leg upward. From here, the analyst projected an extended rally that will see the XRP price break into new all-time highs above $3.8. At the time of writing, XRP is trading at $2.35, up by 4% in the past 24 hours. Featured image from Getty Images, chart from TradingView
The Dogecoin price could be gearing up for an explosive move soon, as technical analysts suggest that the popular meme coin may be entering another parabolic cycle. While the broader crypto market declines, analysts believe Dogecoin’s historical patterns and price structures are setting the stage for a potential 2,000% rally that could see it soar as high as $4 by next year. Related Reading: Bitcoin Plunges To $105k As Investors Shift To Gold After Crypto Carnage Dogecoin Price To Mirror Pre-2017 Explosive Surge Crypto analyst Javon Marks has indicated that Dogecoin’s price action is closely mirroring the bullish setup that preceded its historic price rally in 2017. If this pattern continues, he predicts that the cryptocurrency may be preparing for its next cyclical surge to new all-time highs and beyond. Marks points out that Dogecoin’s long-term structure is forming a massive cup-shaped base, which historically has paved the way for significant bull runs. His analysis forecasts a minimum 251% increase in the near term, with a potential 2,000% surge over a longer timeframe, should the historical pattern unfold as it did in the past. The analyst’s accompanying chart illustrates a recurring accumulation pattern where Dogecoin consolidates for years before breaking out sharply. The price history between 2014 and 2017 is being mirrored by the 2022 – 2025 formation, where the meme coin appears to be carving out a rounded bottom and a consolidation triangle. Once price action completes this structure, Marks predicts that a breakout toward $4 is technically possible. Notably, Dogecoin’s resilience between its current price at $0.18 and $0.3 may act as a launchpad for the next parabolic phase, especially if the overall market sentiment turns bullish in 2026. As of the time of writing, CoinMarketCap’s data indicates that the meme coin’s price has increased by 5.53% over the past 24 hours, marking a slight recovery from its monthly decline of over 33%. Analysts Share Different Outlooks For Dogecoin A separate analysis by market experts presents a slightly different outlook for Dogecoin, with one expert expecting a moderate price surge and another predicting a potential breakdown. Crypto analyst Ali Martinez views Dogecoin’s current structure as part of a steady, upward-trending price channel. He highlighted that DOGE continues to trade within an ascending range established since early 2023. This framework implies that the meme coin remains technically bullish despite short-term corrections. In his analysis, Martinez identifies moderate but critical upside checkpoints at $0.29, $0.45, and $0.86, based on the Fibonacci retracement and extension levels. His chart illustrates how Dogecoin has repeatedly bounced off the lower boundary of the channel, mostly near $0.18, indicating strong buyer interest in that zone. Notably, the analyst forecasts that a rebound from this area could set the stage for gradual advances toward $1 in the coming months. Market expert Bitguru adds a note of caution, observing that the $0.18 – $0.19 region is acting as a make-or-break level for bulls. A decisive drop below it could expose Dogecoin’s price to a deeper retracement toward $0.095. The analyst advises traders to remain vigilant, noting that DOGE still appears to be in a corrective phase. Related Reading: Biggest Shiba Inu Burn In Months — And It Came From A Coinbase Account Featured image from Unsplash, chart from TradingView
BitMine’s Chairman, Tom Lee, has shared his perspective on the recent surge of crypto-focused treasury companies and the future of this multi-billion-dollar trend. Related Reading: Ethereum Ready For ‘Rapid Expansion’ As Price Holds $3,900 Support – 30% Rally Coming? Crypto DATs Bubble Already Burst On Thursday, BitMine’s Chairman Thomas “Tom” Lee joined Fortune’s Crypto Playbook Podcast to discuss the surge of Digital Assets Treasury (DAT) companies and why he thinks the bubble surrounding these vehicles may have already burst. Discussing the need for this alternative type to get exposure to crypto assets, Lee argued that DATS “are not just passive vehicles,” and properly executed companies will get capital and be supported by investors. He noted that companies like Strategy and BitMine, the two largest crypto treasuries in the world, both see several billion dollars of daily trading volume, adding that “the two companies combined are 86% of all trading volume for the DATs.” Lee was also asked about the argument that the trend is creating a potential bubble. Fortune’s senior crypto analysts questioned whether the bubble might burst and have a negative impact now that there are hundreds of DATs in the market. He affirmed that the bubble has likely already burst, at least to some capacity, and argued that around 80% of these firms are trading below the net value of their underlying assets. “If that’s not already a bubble burst (…), how would that bubble burst?” Nonetheless, BitMine’s chair explained that instead of questioning if a bubble has burst, he prefers asking if the market has become discerning, which he thinks it already has. BitMine, Not ‘Just’ A DAT? Lee argued that, while other crypto treasuries have not been creators of shareholder value, BitMine is “not just a DAT,” but also the largest holder of Ethereum (ETH) in the world. Notably, BitMine is a Bitcoin and Ethereum Network Company with a focus on accumulating crypto for long-term investment. The company aims to own 5% of Ethereum’s total supply, currently holding 3.03 million ETH tokens, or over 2.5% of the total supply. According to Lee, this gives BitMine multiple roles, including providing a significant amount of security to the Ethereum network. Based on these roles, he considers the company is “essentially a liaison between how Wall Street views future upgrades to Ethereum, to the community.” “So we’re not just a DAT. We’re becoming, you know, one of the important voices within Ethereum, and that really was our goal. You know, that’s why, when BitMine was created,” he said. Adding to his argument, Lee has previously asserted that the company is confident that the two “Supercycle investing narratives remain AI and crypto,” which will “play out over decades.” Related Reading: Bitcoin (BTC) ‘Uptober’ Rally On Pause Until This Level Is Reclaimed As a result, he considers that “Ethereum remains the premier choice given its high reliability and 100% uptime.” During the Podcast, BitMine’s chairman reaffirmed this stance, stating: “The tokenization of everything else, (…), is in the quadrillions. You know, especially as AI moves towards micro payments, which need to happen on the blockchain. That to me is a bigger opportunity, and (…) Ethereum is where a lot of this is going to be built. (…) So to me, there’s still an exponential opportunity in owning ETH over Bitcoin,” Lee concluded. Featured Image from Unsplash.com, Chart from TradingView.com
On October 10, the crypto market experienced its largest liquidation event in history, prompting experts like MartyParty to predict a surge in lawsuits and class action claims against what he describes as “market manipulators.” Expert Claims Manipulation Led To October 10 Crypto Crash The aftermath of this crash has seen Bitcoin (BTC) and other major cryptocurrencies continue their downward trend this week, with BTC recently falling below the critical $110,000 threshold. Ethereum (ETH), XRP, and Binance Coin (BNB), the largest altcoins, recorded losses of 10%, 17%, and 7%, respectively, in the weekly time frame. The events of October 10 led to total crypto liquidations exceeding $20 billion, with an alarming 208,864 traders liquidated in just the past 24 hours, amounting to approximately $691.63 million in losses as a result of the ongoing correction. Related Reading: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds In a social media post on X (formerly Twitter), MartyParty warned that the ramifications of this event would include lawsuits targeting the alleged manipulators behind the crash. He criticized the centralized exchange (CEX) systems, stating: The manipulators cleared all the longs to 1.8x illegally. This had nothing to do with crypto. This is centralized exchange and casino systems that are opaque and easily manipulated with no regulation. Despite the turmoil, MartyParty expressed some optimism, noting that the crypto liquidations have cleared out long positions, which he believes could pave the way for future price increases. He also added that those responsible for this alleged manipulation would face scrutiny, predicting that this incident could evolve into one of the most significant fraud cases in financial history. Binance’s Role Adding to the concerns, another expert, Crypto Emre, highlighted the ease with which crashes can be orchestrated on platforms like Binance. He explained that the tokens visible in a user’s wallet are essentially held in Binance’s wallets behind the scenes. Emre asserts that the exchange can open short positions on multiple trading pairs simultaneously using private trading bots, which can then quickly sell the tokens held by users. Related Reading: Hyperliquid Vs Binance: Founders Clash Over Liquidation Transparency After closing the short positions at a lower price, the expert alleges that the exchange replaces the sold tokens with their own at a significantly reduced cost. Emre argued that as long as Binance remains operational, the potential for such manipulation will hinder the emergence of a robust crypto bull market. As the dust settles from the October 10 crypto crash, it remains uncertain whether regulatory bodies or individuals will take action against these alleged practices in the near future, as predicted by MartyParty. Featured image from DALL-E, chart from TradingView.com
Analysts say bitcoin is struggling to hold the $110,000 floor after last week’s record highs as whale selling and put demand signal growing caution.
Sony is making strides to enter the crypto banking sector through its financial arm, Sony Bank, as the Japanese group has recently submitted an application to US regulators for a national banking charter via its subsidiary, Connectia Trust. This move signifies Sony’s intent to engage in various cryptocurrency-related activities, which include the issuance of US dollar-backed stablecoins, maintaining reserves, and providing custody and fiduciary management services for digital assets to select clients. Sony Seeks OCC Approval For Crypto Banking License In its national banking charter filing with the Office of the Comptroller of the Currency (OCC), Sony emphasized that its proposed activities align with those already approved for other nationally chartered banks. Related Reading: Hyperliquid Holders Left In The Dark: Monad Protocol Faces Scrutiny Over MON Airdrop Should the application be granted, Sony would join a select group of firms, including Stripe, crypto exchange Coinbase (COIN), Paxos, and stablecoin issuer Circle (CRCL), all of which are also pursuing federal crypto banking licenses. Currently, Anchorage Digital Bank is the only entity to have received full approval. If Connectia Trust secures approval from the OCC, it could emerge as one of the first major tech-bank hybrids authorized to issue regulated stablecoins in the United States. Strengthening Digital Asset Presence This venture into the digital asset space is not Sony’s first. Earlier in 2025, the company collaborated with Startale Labs to introduce Soneiun, an Ethereum Layer-2 )L2) network tailored to enhance decentralized applications. Related Reading: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal Now, with Connectia Trust, Sony is poised to synergize its financial expertise with blockchain technology, thereby expanding its footprint in the global digital asset ecosystem. Featured image from DALL-E, chart from TradingView.com
The Blockchain Recovery Investment Consortium (BRIC), a partnership between GXD Labs and VanEck, announced on Tuesday a significant development in Celsius’ bankruptcy case. Tether (USDT) has agreed to pay a major amount to the crypto lender’s bankruptcy estate following an adversary proceeding that was initiated last year. Tether Settles Billion Dollar Lawsuit This settlement marks a significant milestone in the ongoing legal saga surrounding Celsius, which filed for bankruptcy in July 2022. Celsius had previously accused Tether of mishandling collateral and liquidations, claiming 39,542 BTC (approximately $4.3 billion at the time) along with an additional $100 million in damages, which constituted their largest third-party claim. Related Reading: Bitcoin Reset Complete? Ostium Foresees Explosive Move To $133,000 As previously reported by Bitcoinist, Celsius asserted that Tether’s actions exemplified a broader “scheme to exploit the US cryptocurrency market,” a position they believed could support jurisdiction in this case. In response to the allegations, Tether characterized the lawsuit as a “shake down,” asserting that Celsius was responsible for providing additional collateral in light of fluctuating Bitcoin prices at the time. Tether maintained that Celsius’s mismanagement should not result in undue costs for them. Significant Return For Celsius Bankruptcy Creditors Ultimately, the settlement allows Tether to resolve the matter for a fraction of the initial amount claimed by Celsius, with nearly $300 million expected to be recovered, providing a notable return for creditors involved in the bankruptcy proceedings. Tether CEO Paolo Ardoino also commented on the settlement on social media site X (formerly Twitter), stating, “Tether is pleased to have reached a settlement of all issues related to the Celsius bankruptcy.” Related Reading: Decades In The Making: Crypto Exchange Predicts When Shiba Inu Price Will Reach $0.01 David Proman, Managing Partner of GXD Labs, also expressed satisfaction with the resolution. “We are pleased to have resolved Celsius’s adversary proceeding and related claims against Tether,” he stated. Featured image from DALL-E, chart from TradingView.com
The recent crypto market crash stunned investors across the globe, but one analyst saw it coming long before it happened. Bitcoin plunged from above $125,000 to briefly below $102,000, and Ethereum dropped to below $3,800, exactly as predicted by popular market commentator Ash Crypto earlier this month. His October 1 post on X warned of a sharp correction meant to liquidate all the bulls before a major rebound in Q4. Now that the dip has played out exactly as he forecasted, Ash Crypto’s outlook for the coming weeks is a powerful rebound phase. Related Reading: A 5% Bitcoin Drop In October? History Shows That’s Rare The Crash Prediction That Shook ‘Uptober’ The sell-off that sent shockwaves through the industry is a quick change in sentiment after Bitcoin’s recent all-time high on October 6. Bitcoin’s decline from above $125,000 to below $110,000 caused widespread panic that flowed into other cryptocurrencies, while Ethereum followed with a sharp drop below $3,800. More than $19 billion in leveraged trades were liquidated across different exchanges in under a day, making it one of the largest wipeouts in crypto history. However, the timing of the crash aligned almost perfectly with a projection on the social media platform X by Ash Crypto. On October 1, Ash Crypto outlined what he called a “pump-then-dump setup” designed to trap overconfident bulls. In his post, he warned that early-month gains would bait retail traders into believing PUMPtober was real before the market reversed violently to shake them out. Notably, the analyst predicted that Bitcoin would dip to around $106,000 and Ethereum to $3,800 or lower before rebounding later in the month. According to him, this correction phase would run until mid-October, sometime around the 15th to 20th of October, before transitioning into a powerful recovery in the last ten days of the month. What Comes Next After The Drop? Ash Crypto’s call has proven accurate, especially against the backdrop of widespread ‘Uptober’ optimism that clouded judgment for many crypto traders. However, despite the predicted bearish move, the prediction post also carried a long-term sentiment that aligns with a bullish Uptober. He explained that once market sentiment turns overwhelmingly bearish and traders begin to assume PUMPtober is canceled, short positions will pile up. It is at this point that a reversal will begin in the final ten days of October, leading to what he described as Q4 parabolic candles. Related Reading: XRP Traders Face Fresh Selling Pressure As Large Holders Move Out Ash Crypto projected Bitcoin will reach between $150,000 and $180,000 by the end of the fourth quarter, while Ethereum will be trading anywhere in the $8,000 to $12,000 range. Following that move, he expects a full-fledged altcoin season that will cause the price of many altcoins to grow 10x to 50x in just a few months. At the time of writing, Bitcoin is trading at $114,049, and Ethereum is trading at $4,087. Featured image from Unsplash, chart from TradingView
The crypto market has erased more than $19.5 billion in leveraged positions in the past 24 hours, making it the most chaotic 24-hour period in crypto history. This crash, which saw 1.6 million traders forced out of positions, was caused by sudden US tariff announcements on China and amplified by risky leverage across exchanges. Bitcoin alone witnessed a $20,000 daily swing and erased $380 billion in market capitalization in a single day. This liquidation surpassed all previous records by nearly tenfold, surpassing records set during the FTX collapse and the March 2020 crash. Related Reading: A 5% Bitcoin Drop In October? History Shows That’s Rare Liquidations Ripple Through Entire Crypto Market The most recent crypto market crash took many crypto investors by surprise. Notably, data shared by The Kobeissi Letter on the social media platform X revealed that a total of $19.5 billion was liquidated between October 10 and 11, 2025, over nine times larger than any prior event. To put that into context, the February 2025 liquidation event saw only $2.2 billion erased, while the May 2021 crash cleared $1.2 billion. Data across major exchanges confirmed that the sell-off was heavily one-sided. Out of the $19.38 billion in total liquidations, $16.7 billion came from long positions, which is a 6.7-to-1 ratio compared to shorts. Nearly every exchange, from Binance to Bybit, saw over 90% of liquidations hitting longs, with Hyperliquid alone recording $10.3 billion. Crypto Exchange Liquidations. Source: @KobeissiLetter on X This quick downturn is quite notable, considering the crypto market’s greed index had climbed above 60 when Bitcoin’s price action broke above $126,000 for the first time. Crypto Fear and Greed Index. Source: @KobeissiLetter on X What Caused The Crash? The reason behind the crash can be attributed to a mix of extended market corrections following Bitcoin’s all-time high and rising tensions over new US tariffs on China. According to The Kobeissi Letter, the selloff unfolded through a series of perfectly timed events that tied geopolitical shocks to fragile market sentiment. At 9:40 AM ET, some large Bitcoin holders began selling off mysteriously, more than an hour before former U.S. President Donald Trump posted about a massive China tariff threat at 10:57 AM. Later in the day, at 4:30 PM, a large whale opened multi-million-dollar shorts, seemingly anticipating the coming drop. Just 20 minutes later, Trump officially announced a 100% tariff on China, and this delivered the final blow to bullish sentiment. Timeline Of Events. Source: @KobeissiLetter on X Trump’s tariff post dropped late on a Friday after US markets had closed, but the crypto market was wide open. As such, crypto prices fell into a vacuum as volume spiked, creating the perfect setup for one of the fastest collapses in crypto history. By 5:20 PM, total liquidations had reached $19.5 billion, and the whale closed positions for a $192 million profit. Despite the carnage, The Kobeissi Letter noted that this event was technical rather than fundamental. The crash is a necessary reset that does not have long-term implications. A trade deal between the US and China would put an end to the uncertainty, and according to the team, crypto remains strong. Bitcoin Price Chart. Source: @KobeissiLetter on X Related Reading: XRP Traders Face Fresh Selling Pressure As Large Holders Move Out At the time of writing, Bitcoin has recovered a bit from its plunge and is now trading at $111,790. Featured image from Unsplash, chart from TradingView
There are moments when crypto’s fiercely optimistic traders are forced to reckon with markets’ unwritten rules. October 10 2025 delivered one of those reality checks. A day when leverage was punished, liquidity vanished, and even seasoned participants found themselves staring at red screens as billions were wiped off the crypto market. The anatomy of the […]
The post A blip in ‘Uptober’: crypto’s October reckoning beyond the $20B washout appeared first on CryptoSlate.
XRP has been through a rollercoaster over the past few days, tumbling in a crash alongside the rest of the crypto market. The crash drove XRP’s price to a flash low of $1.64 before it recovered to $2.36, with volumes surging 164% above the 30-day average. This flash crash created a notable downside wick on XRP’s price chart, which, according to a technical analyst, is reminiscent of a 2017 price structure that suggests that the cryptocurrency is about to enter into a massive rally. XRP 2017 And 2025 Setup Shows Striking Similarities XRP’s recent flash crash has grabbed the attention of a crypto analyst known as ChartNerd on the social media platform X. The analyst drew parallels between XRP’s 2017 price structure and its current 2025 setup. The post included two charts that show similar pre-euphoria wicks that previously led to XRP’s most explosive bull run in 2017. Related Reading: XRP Traders Face Fresh Selling Pressure As Large Holders Move Out Back in 2017, XRP’s price action saw a sharp pre-euphoria wick to the downside that wiped out 58% of its value. This wipeout was very short, however, as the coin eventually went on a 5,361% surge to new all-time highs. The rally played out over months and saw the XRP price go from around $0.007 to its then all-time high of $3.40 in 2018. It would seem the most recent price crash has led to the creation of a downside wick that mirrors the 2017 one exactly. After the marketwide crash, the token rebounded from lows around $1.60 to trade above $2.30, pointing to a possible recovery phase that might resemble the start of its 2017 exponential rise. XRP 2017 vs. XRP 2025. Source: @ChartNerdTA on X What Does This Mean For XRP? The similarity between 2017 and the current setup provides a bullish outlook for the altcoin within a landscape that’s currently full of bearish momentum. The analyst noted that the $2.40 and $2.00 zones now act as XRP’s important support lifeline, and holding this range could pave the way for an upward trajectory to new price highs. If XRP repeats the 2017 rally, the price target based on current price levels would be around $13.5. Replicating such a move in 2025 would require more inflows than the 2017 rally. These inflows can only come through participation from institutional investors, which will be slowly rebuilding after recent marketwide volatility. An important factor that could fast-track this process is the approval and launch of Spot XRP ETFs. The approval of such ETFs has already been widely speculated within the XRP community, and their introduction will undoubtedly open up the cryptocurrency to institutional investors. Related Reading: A 5% Bitcoin Drop In October? History Shows That’s Rare At the time of writing, XRP is trading at $2.38, down by 22% in a seven-day timeframe. If it follows the 2017 playout to the core, XRP might spend some weeks consolidating around its current price levels before it embarks on this projected rally. Featured image from Pexels, chart from TradingView