The U.S. government shutdown has entered its second day, and according to prediction platform Polymarket, bettors expect the stalemate in Congress to drag on far longer than many had anticipated. With no breakthrough in sight, the shutdown has left hundreds of thousands of federal workers and the broader economy in limbo. Polymarket Prediction Market Shows …
As the crypto market kicks off October with a remarkable recovery, Ethereum (ETH) is attempting to turn the $4,500 level into support after nearly two weeks. Some analysts forecast that a breakout from this crucial area could set the stage for a massive 50% rally in Q4. Related Reading: Solana (SOL) ‘Uptober’ Begins With $220 Retest – Is It Ready For Second ‘Expansion Wave’? Ethereum Retests Next Major Resistance Ethereum has bounced 17% from last week’s lows and is retesting the next crucial level to reclaim. The cryptocurrency started this week by recovering from the recent market correction, which sent its price to a multi-week low of $3,815. Since then, the King of Altcoins has reclaimed the mid-zone of its macro range and broken past a major sell wall located around the $4,200-$4,300 levels. Amid this performance, market watcher Ted Pillows highlighted that the next two major resistance levels to reclaim before a new all-time high (ATH) are $4,500 and $4,750. Similarly, Ali Martinez detailed that the $4,505 area is “one of the most important resistance levels to watch for Ethereum,” according to the UTXO Realized Price Distribution (URPD) metric. A rejection from this major level could lead to a retest of the $4,250 support, and potentially risk a new price drop if ETH breaks below it. Previously, some analysts cautioned that losing this area could open the gates for a fresh breakdown toward the macro range lows. On the contrary, reclaiming the $4,500 resistance would set the base for a challenge of the macro range highs, around the $4,800 level, in the coming weeks. Market watcher Lluciano pointed out that ETH appears to be forming a triangle formation since early August. He suggested that breaking out of this pattern could kick off a rally toward a new high above the $5,000 barrier, affirming, “Q4 is here, ETH new wave is imminent.” Meanwhile, Titan of Crypto highlighted a weekly bull flag pattern forming on ETH’s chart. According to the analyst, a breakout from the formation’s upper boundary, around the $4,500 area, could send the price into a 50% rally toward the $6,900 mark. ETH’s Weekly Close Could ‘Turn It All Around’ After closing September above the $4,100 area, analyst Rekt Capital affirmed that Ethereum is potentially developing a Monthly Bull Flag within this macro range. He explained that the cryptocurrency must reclaim the $4,200 in the higher timeframes to continue building on the formation’s base. Notably, closing the month below this level technically means ETH’s price is positioning for a bearish retest despite the current bounce, the analyst detailed, as it represents the mid-zone of the macro range. Nonetheless, Rekt Capital considers that “even though the Monthly Close wasn’t very appealing, price just needs to Weekly Close above the $4.2k mid-range to turn it all around.” He noted that the cryptocurrency displayed a similar performance in late 2021 and this past July, weekly closing above this level and post-breakout retesting it as support. This technical sequence enabled the price to reclaim the $4,600 area and position itself for new highs. Related Reading: BNB Eyes New Highs As Price Reclaims $1,000 – Is A 30% Rally Coming? “If ETH can soon Weekly Close above blue and retest it back into support, then there’s a good chance for a revisit to $4.6k being on the cards in the future,” he concluded. As of this writing, Ethereum is trading at $4,502, a 4.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Seven XRP ETF applications remain under SEC review, with the first decisions expected on Oct. 18.
On-chain valuation puts the key threshold at the Trader’s Realized Price of $116,000, and a multiweek break above that could set the stage for $200,000.
Perp DEX competition is heating up, but DeFi analyst Patrick Scott says Hyperliquid’s revenue, open interest and ecosystem give it staying power.
The Ethereum price has once again crossed the $4,500 threshold, trading just 9% below its all-time high of $4,946, prompting a surge of bullish predictions for the leading altcoin. Bullish Reversal For Ethereum Price Market expert Gert van Lagen took to X (formerly Twitter) to share his insights, suggesting that the Ethereum price is currently following a “textbook” expanding diagonal pattern on its biweekly chart. As seen in the expert’s chart below, this expanding diagonal pattern is characterized by a series of rising trend lines, indicating a potential reversal from a downtrend to an uptrend. Over the past month and a half, the Ethereum price has consolidated between $4,200 and $4,600, with a brief drop towards $3,800 on September 25th. This met significant demand, resulting in a swift recovery of the $4,000 support level. Related Reading: Bitcoin, Ethereum, Solana Rally Towards All-Time Highs: Top Analysts Share Predictions By connecting the lower points of these downward movements—known as waves 2 and 4—with the upper points of waves 1, 3, and 5, a triangular or diagonal shape emerges. According to van Lagen’s analysis, this pattern signifies a shift in momentum for the Ethereum price from bearish to bullish, often leading to a significant upward breakout. Bitcoin (BTC) led the market recovery also approaching record levels above $120,000. Van Lagen noted that Ethereum’s Wave v is nearing completion, supported by a final corrective a-b-c wave. Specifically, Wave a has successfully broken above the crucial resistance level of $3,650, retested it for support in the b wave, and is now poised for the final impulse in wave c, aiming for an ambitious target range of $9,000 to $18,000. The Path Forward For ETH Adding to the optimistic sentiment, market analyst Mr. Wall Street has expressed a similarly bullish outlook, asserting that the Ethereum price is on track to reach its final price target for this cycle, estimated between $7,000 and $8,000. However, both analysts agree that Ethereum’s ability to surpass its previous record near the $5,000 mark will be pivotal as this level is expected to act as a significant resistance barrier should the current recovery continue. Related Reading: Rumble At The Core: How Tether Plans To Dominate The US Stablecoin Market Looking ahead, market analyst Michael van de Poppe has also weighed in, predicting that the coming weeks will see Bitcoin experience an upward bounce before undergoing a slight correction. Following this, he anticipates the Ethereum price will begin to gain momentum. “Given that the BTC pair is currently holding up well and has undergone a standard correction, I believe we will see Ethereum pick up steam in the near future,” van de Poppe stated. Featured image from DALL-E, chart from TradingView.com
Hedera (HBAR) is gaining momentum as “ETF season” heats up and technical patterns align for a potential upward move. Related Reading: Galaxy’s Digital Bitcoin Sales Continue: 1,190 Bitcoin Moves To Binance After bouncing from a September low near $0.205, HBAR has formed constructive patterns, an Elliott Wave advance, a double bottom, and a 10-week descending wedge, that together suggest a bullish turn. With a final decision on a proposed HBAR spot ETF expected in November, traders are wondering if a clear break above $0.23–$0.24 could lead to the $0.30 level. ETF Season Puts HBAR in the Spotlight Macro tailwinds are strengthening, with the SEC expected to make decisions on numerous crypto ETF applications in October–November. Analysts believe that current listing standards improve the chances of approval. Hedera, which has been under review for a spot ETF since 2024, could benefit from an increase in approvals that would expand U.S. investor access. Additionally, Hedera’s reputation in the enterprise sector, governed by reputable council members and involved in real-world finance initiatives like SWIFT panels and public-sector pilots, supports positive sentiment and keeps HBAR relevant as institutions seek scalable, low-cost settlement solutions. Elliott Wave & Wedge Patterns Flag Upside Continuation On the daily chart, HBAR completed a double bottom at approximately $0.205 (on September 5 and 26), with a neckline around $0.255. Price action has since contracted into a falling wedge lasting over 10 weeks, often a sign of upcoming breakouts, while analysts view the move as Wave 2 within an Elliott Wave cycle that started with a 140% surge from late June to late July. A shift into Wave 3, typically the longest and most impulsive phase, would bring the year-to-date high of about $0.3065 into focus, with potential to challenge last November’s peak of around $0.40 if momentum broadens. Market internals are also improving, with a rising Chaikin Money Flow indicating steady net inflows. A move above $0.242–$0.248 could trigger approximately $32 million in short liquidations, fueling any upside breakout. HBAR's price trends upside on the daily chart. Source: HBARUSD on Tradingview Hedera Key Levels to Watch: $0.22 Support, $0.30 Resistance, and $0.40 Target The near-term structure remains tight. Traders need a clear close above $0.230–$0.242 to confirm a wedge breakout; reaching $0.248 could trigger forced short exits, boosting gains. Breaking above $0.30 would confirm the inverse head-and-shoulders pattern and support the Elliott Wave projection toward $0.3065, then $0.35–$0.40 as market breadth improves. Related Reading: No Accident: The Powerful Factors Behind Bitcoin’s Late-September Rally On the downside, $0.205 serves as the main invalidation level. A daily close below the double-bottom would diminish the bullish momentum and could lead to a drop towards $0.198. Until then, positive ETF headlines and strong flows suggest that the Upside bias in October remains intact. Cover image from ChatGPT, HBARUSD chart on Tradingview
The price of bitcoin and ethereum are rising alongside stocks, which have historically gained during similar shutdowns.
In his latest blog post, Hayes attacks the Eurozone, in particular focusing on France's problems.
Zcash (ZEC) has staged one of the sharpest recoveries of the quarter, vaulting roughly 160%–170% from late-September levels and briefly trading in the low-$150s on October 2 after spending much of 2024 and early 2025 suppressed in the $16–$20 corridor. There is no single on-chain or protocol-level catalyst that neatly explains the surge. Instead, a confluence of factors has seemingly pulled ZEC into the center of crypto’s attention cycle. First, the privacy theme itself has re-entered the conversation at the ecosystem level. Why Is The Zcash (ZEC) Price Surging? On October 1, the Ethereum Foundation formalized new leadership for its Privacy Cluster—an organizational, standards-driven push to coordinate privacy-preserving research and infrastructure—signaling that major actors in crypto are again foregrounding user confidentiality and data minimization as core priorities. That announcement, while not Zcash-specific, helped set the tone for a broader market repricing of privacy as a necessary pillar of the next cycle. Second, influential market voices amplified ZEC directly. Naval Ravikant, a co-founder of AngelList and a long-time crypto commentator, wrote: “Bitcoin is insurance against fiat. ZCash is insurance against Bitcoin.” The line—short, memetic, and easy to circulate—propelled visibility for ZEC across trading circles and crypto media. As is typical in momentum-driven markets, the endorsement coincided with outsized follow-through as price and attention reinforced each other. Related Reading: After Monero Hit, Qubic Group Puts Dogecoin On Target List Institutional brands also re-surfaced Zcash’s core design. Grayscale highlighted via X that “@Zcash is similar to Bitcoin in its design” but adds “a privacy technology that encrypts transaction information and allows users to shield their assets,” while noting that the Grayscale Zcash Trust was open for private placement to accredited investors. From the builder side, Helius Labs CEO Mert Mumtaz distilled a multi-part thesis that resonated with technically minded traders: privacy has been “slept on” and is “about to make a comeback” amid CBDC and centralized-coin momentum; a “Renaissance of talent” is entering Zcash across the Zashi wallet, intents research, and performance workstreams; and several “large tech improvements” are in flight that could “1,000x performance and scale as well as help with security and finality.” Related Reading: Zcash To Enhance User Protection With Privacy-Focused Partnership He framed ZEC as both under-researched and mispriced relative to peers, while cautioning that the trade is still risky. “Monero is a $5B coin and somehow Zcash was below $700M when I started talking about it,” he stated, adding, “This is an obvious mispricing, as Zcash has a stronger privacy and scale design but almost no one in crypto is technical enough to look into this. You don’t have to believe even that zec is superior (though it is), you just have to believe that it is extremely undervalued, just look at the coins above it on CMC.” look some of you are in the replies asking why I’ve been shilling Zcash for a while relatively simple i) three important missions in crypto: markets, store of value, privacy/freedom the last one has been slept on, and it’s about to make a comeback as CBDCs and centralized… pic.twitter.com/ne0TwnPCsq — mert | helius.dev (@0xMert_) October 1, 2025 Well-followed traders added fuel. Luke Martin captured the positioning dynamics succinctly: “Some of the smartest people on this app are bullish on ZEC right now… [but] one of the dumbest things you could do on this app for the past 7 years was buy ZEC anytime someone shilled it. Certainly not lacking fuel for a hated rally if it does continue higher.” The current move also echoes longer-running endorsements that many investors had forgotten. In August 2024, Tyler Winklevoss called Zcash “one of the most important and underrated crypto projects in the world,” arguing it “brings privacy and decentralization to money, two fundamental building blocks of a free and open society.” At the time of that post, ZEC traded near $30. Zcash is one of the most important and underrated crypto projects in the world today. It brings privacy and decentralization to money, two fundamental building blocks of a free and open society. That’s why I’m supporting @ShieldedLabs and its contributions to Zcash. Onward! https://t.co/DwT3SSOUjX — Tyler Winklevoss (@tyler) August 11, 2024 Mechanically, the rally exhibits the typical signatures of a narrative rotation. As privacy returned to headline status and ZEC became the cleanest liquid proxy for that theme, order books thinned and intraday ranges expanded. At press time, ZEC traded at $142.84. Featured image created with DALL.E, chart from TradingView.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
XLM rallied past $0.40 with a brief move above $0.41, boosted by Bitcoin.com Wallet integration and institutional demand, as volumes soared to more than twice the daily average.
Hedera’s token posted sharp gains on heavy volume before late-session volatility cut into momentum.
Open interest in BTC futures hits all-time high as Fed uncertainty and ETF hopes boost crypto sentiment.
Share buybacks can help communicate to investors a company believes its stock is undervalued relative to its holdings.
CME Group and other trading exchange leaders say nonstop trading could spread, but crypto is the natural first step.
Bitcoin is significantly undervalued relative to gold, according to JPMorgan analysts, implying upside toward $165,000.
The bank forecasts bitcoin at $133,000 by year-end and $181,000 in 12 months.
The move, pending regulatory approval, would align trading on the key institutional derivatives marketplace with the nonstop nature of crypto markets.
NVIDIA's stock surge underscores its pivotal role in AI growth, signaling robust investor confidence and potential sector-wide advancements.
The post NVIDIA tops $190 for the first time appeared first on Crypto Briefing.
Will the UK sell 61,000 BTC, or pay victims the gains? The United Kingdom is holding 61,000 Bitcoin worth roughly $7.2 billion after pleading guilty to fraud, and a January High Court test will determine who will capture the upside from assets seized in 2018. Zhimin Qian, also known as Yadi Zhang, pleaded guilty on […]
The post Will the UK sell newly seized $7.2B BTC, create Bitcoin treasury or pay victims? appeared first on CryptoSlate.
Canaan said it secured the order from an unnamed U.S.-based bitcoin miner for its latest-generation Avalon A15 Pro mining machines.
BNB's price action was also influenced by a reduction in gas fees and Kazakhstan's state-backed Alem Crypto Fund naming BNB as its first investment asset.
Acquisition aims to expand GSR’s U.S. footprint and strengthen its regulated services for institutions
Mantle's native token has been one of the best performing cryptocurrencies recently, gaining 73% over the past month amid ecosystem expansion and an integration with Bybit.
The machines will ship in the fourth quarter of 2025, the company said, while keeping the buyer unnamed.
Technical analysis shows strong buying momentum driven by institutional interest.
By Jonatan Randin, Market Analyst at PrimeXBT World Liberty Financial (WLFI) is one of the most high-profile altcoins launched in 2025. Backed by branding ties to Donald Trump’s family, WLFI raised significant capital during its presale before launching trading on 1 September 2025. With governance as the sole stated utility of the token, WLFI offers an unusual mix of political attention, ambitious product promises, and experimental tokenomics. This article takes a deeper look at WLFI’s origins, structure, governance, on-chain concentration, and technical analysis to assess whether it represents a valid opportunity or simply a speculative narrative. WLFI can now also be traded on PrimeXBT, a global crypto and CFD broker, as part of the platform’s recent expansion of Crypto Futures with 101 new coins, alongside its existing range of digital assets and traditional markets. What is WLFI? World Liberty Financial positions itself as a decentralised finance platform that aims to merge traditional finance and blockchain infrastructure. Its messaging centres on “DeFi meets TradFi,” presenting WLFI as a governance token at the heart of this ecosystem. According to its own terms, the only direct utility of WLFI is governance. Token holders can propose and vote on protocol decisions, like liquidity management and treasury use. Importantly, WLFI does not confer investment rights, revenue claims, or equity. In practical terms, holding WLFI grants influence, not financial entitlements. The Trump family connection WLFI is consistently described by major media outlets as Trump-linked or Trump-backed. Reports state that the Trump family and its associates are believed to hold as much as 60% of the supply, making their influence on governance substantial. While the precise operational role is unclear, the association has been a central part of WLFI’s identity from the outset. This dual identity, part DeFi experiment, part political brand, has attracted both attention and scepticism. The Trump link ensures visibility but also raises regulatory and reputational risks. How WLFI launched WLFI’s presale reportedly raised more than half a billion dollars, making it one of the largest fundraising events of the year. Tokens distributed during the presale were initially non-transferable, with trading approved only after a governance vote. WLFI officially began spot trading on 1 September 2025, with early investors allowed to unlock a portion of their holdings. This governance-first launch was designed to demonstrate decentralised decision-making, though it also meant that price discovery only began once governance permitted. Unlock mechanics and supply At launch, only 20% of early investor holdings were unlocked, with the rest subject to vesting schedules and governance decisions. Reports estimate that roughly 24.6 billion WLFI entered circulation at this stage. Future unlocks remain a key factor for traders and investors, as staged releases can introduce significant supply pressure. Governance votes will play a central role in determining how and when these tokens are released, meaning the community itself has partial control over inflation dynamics. Governance so far Since launch, governance has been the main focal point of WLFI’s narrative. A headline proposal suggested using 100% of protocol-controlled liquidity fees for WLFI buybacks and burns. While attention-grabbing, this only applies to liquidity under protocol control, not external pools, limiting the impact. Reports confirm that post-launch, the project has already executed a burn of around 47 million WLFI, a small fraction of the circulating supply. For traders, it is crucial to distinguish between proposals, approvals, and verifiable on-chain execution. Ecosystem plans: USD1 stablecoin Alongside WLFI, the project has launched a stablecoin called USD1, which was airdropped to WLFI holders in September 2025. While technically live, adoption remains extremely limited. Reports show that two wallets hold more than 80% of USD1’s supply, with a third wallet controlling close to 10%. Such concentration leaves little in circulation and highlights the early, experimental state of the stablecoin. Until USD1 sees broader distribution and use cases, it is better viewed as a concept than as a fully functional product. On-chain context WLFI’s on-chain footprint provides useful insight into its risks and concentration. On-chain data from mid-September showed just over 76,000 wallets holding WLFI, which suggests broad reach, although many of these balances are very small. Reports indicate that the Trump family and its associates hold about 60 percent of the supply, while further analyses suggest the top five wallets control roughly two-thirds of circulating tokens, with the top 100 addresses together accounting for the overwhelming majority. Such concentration is not unusual in early-stage altcoins, but it leaves WLFI highly sensitive to the actions of a few large holders. In terms of supply management, around 47 million WLFI have already been burned, though this represents only a fraction of circulation, and more than three-quarters of the total supply remain locked and subject to future governance decisions. For market participants, monitoring concentration among holders, the timing of future unlock schedules, and whether governance proposals are executed on-chain will be essential to assessing whether WLFI’s distribution becomes healthier or remains controlled by a small group. Risks to weigh WLFI also carries several risks that market participants should weigh carefully. The majority of its supply remains locked, and future unlock events could add significant selling pressure. Governance outcomes remain uncertain, as high-profile proposals like buybacks or burns depend not only on approval but also on actual execution. The Trump family branding brings visibility yet also heightens political and regulatory scrutiny, which could affect sentiment. Finally, ecosystem products such as the USD1 stablecoin are still in their infancy, with adoption limited and supply concentrated in a handful of wallets, leaving them far from functioning as robust, widely used tools. Technical view On the daily chart, WLFI has already established a clearly defined range despite the limited trading history. The range lows are around 0.1855, the range equilibrium (EQ) sits near 0.22, and the range highs are just above 0.25. Unlike many new tokens that often experience an initial sharp sell-off after launch, WLFI has so far managed to hold within this structure. This stability raises the possibility that price action here could be forming an accumulation zone, where larger players are gradually positioning before a potential breakout. Because WLFI has only been trading for about a month, the dataset is still limited. For now, the daily range gives us clean reference levels to work with, but to understand more about the possible direction we will need to shift focus to intraday charts. On the 4-hour timeframe, WLFI recently bounced inside the long reload zone, the area between the 0.618 and 0.786 Fibonacci retracement levels. This reaction signals that buyers are stepping in at a key support area. If the current move continues higher, the next level of interest is the range equilibrium (EQ) around 0.22. A retest of that level would also complete the structure of a possible W-shaped or double bottom pattern. In that scenario, a break above the neckline of the W, which coincides with the range EQ, could lead to a potential move towards the range highs near 0.25. This also aligns with the projection of the measured move technique, where the distance between the pattern’s low and neckline is extended upward from the breakout point. This gives WLFI a clear short-term technical potential roadmap, with support at the reload zone, neckline resistance at the range EQ, and a possible upside move toward the range highs if momentum confirms. The bigger picture The most important level to watch for WLFI in the near term could be the area between 0.24 and 0.26. A break above this level would take price outside of the clearly defined range and could confirm the structure as accumulation, setting the tone for a new bullish market phase to form. Even though technical analysis does a good job of addressing the questions of how and when, it does not explain the why. That is where fundamental analysis comes in. Technicals can show when price is moving and perhaps to where, but they cannot explain why. To understand that, we have to go back to the fundamentals of the project and assess what WLFI is actually promising. As investors and analysts, the task is to track developments within the project and measure whether they are moving toward their stated goals. On-chain data gives us useful tools here. With supply heavily concentrated among a few holders, monitoring the actions of major wallets is essential. Watching how these large holders behave around unlock events can provide clues, since a decision to keep tokens after an unlock suggests confidence, while heavy selling could undermine the case for accumulation. This blend of on-chain observation and technical analysis offers a structured way to follow WLFI. At its core, the project comes with both big promises and high-profile backing. The open question is whether this will translate into sustained value or if WLFI turns out to be another short-lived opportunity shaped by narrative rather than delivery. Readers should combine the information with their own research to form their own conclusion. Trading WLFI with PrimeXBT For traders looking to gain exposure to WLFI, PrimeXBT now offers it within its expanded Crypto Futures lineup of 101 new coins, in addition to existing Crypto CFDs, Forex, Indices, Commodities, and Stocks. Key points for trading Crypto Futures on PrimeXBT: Ultra-low fees: maker 0.01%, taker from 0.045%, with up to 70% discounts via the VIP Tiers Program, plus selected coins available commission-free for a limited time, Leverage of up to 1:500 on BTC, 1:400 on ETH, and 1:100–1:150 on altcoins, Institutional-grade liquidity for scaling positions efficiently at a lower cost base, Advanced risk management: tiered margin requirements, cross/isolated margin modes with personal leverage caps, real-time margin tracking, and stop-loss/take-profit with bracket orders, Integrated platform: trading WLFI and altcoins via Crypto Futures, alongside CFDs and a built-in Crypto Exchange, all in one place. WLFI illustrates how new tokens can be shaped by politics, governance, and narrative. PrimeXBT empowers traders with the tools and flexibility to navigate such evolving markets with confidence and control. Start trading Crypto with PrimeXBT Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The Company does not accept clients from the Restricted Jurisdictions as indicated on its website / T&Cs. Some products and services, including MT5, may not be available in your jurisdiction. The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
USDT issuer Tether has added a significant amount of Bitcoin to close out the third quarter, a development that has caught the attention of the crypto community. Tether’s CEO, Paolo Ardoino, also confirmed this purchase, as the company ranks among the largest BTC treasury companies. Tether Adds 8,889 BTC To Bitcoin Holdings Arkham data shows that Tether bought 8,889 BTC for $1 billion, with the coins transferred from Bitfinex’s hot wallet to the USDT issuer’s Bitcoin reserves wallet. The company now holds 86,335 BTC, which is valued at $10.23 billion. Ardoino also confirmed the purchase in an X post, highlighting their effort to keep accumulating BTC. Related Reading: Bitcoin Price Reaches ‘Critical Junction’: How A Rally To $139,000 Would Play Out BitInfoCharts data shows that Tether is currently one of the largest Bitcoin holders, controlling 0.4% of the flagship crypto’s supply. Meanwhile, based on BitcoinTreasuries data, the USDT issuer will rank as the second-largest BTC treasury company, just behind Michael Saylor’s Strategy. Notably, Tether also has more Bitcoin exposure through its stake in Twenty One Capital (XXI), which is currently the third largest BTC treasury company, behind Strategy and Mara Holdings. XXI holds 43,514 BTC on its balance sheet, some of which it received from Tether as part of the USDT issuer’s investment. Meanwhile, Tether has made it clear that it intends to continue buying as much Bitcoin as possible. Ardoino stated last month that while the world continues to become darker, they will continue to invest part of their profits in safe assets like BTC, gold, and land. This came as he clarified that his company wasn’t selling Bitcoin to buy more gold but was instead buying both assets for their reserves. It is worth mentioning that Tether generates the most revenue among crypto protocols. DeFiLlama data shows that the stablecoin issuer has earned $22.27 million in revenue in the last 24 hours and $155.27 million in the last seven days. As such, the firm makes enough profits to keep buying BTC. The Bottom For BTC Notably, Tether’s latest Bitcoin purchase came just as the BTC price bottomed out. The USDT issuer had bought these coins when the flagship crypto was trading at around $110,000. Since then, BTC has staged a parabolic rally, beginning this month with a gain of around 6%. Bitcoin had dropped to as low as $108,000 about a week ago. Related Reading: These Analysts Predicted The Bitcoin Price Crash And Their Forecasts Say It’s Not Over Bitcoin is expected to record significant gains this month based on historical data. October is its second-best performing month, recording average gains of 20% over the years. Factors like a Fed rate cut could also help spark massive gains for the flagship crypto. At the time of writing, the Bitcoin price is trading at around $118,400, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com