Market Signal Briefing

TORONTO, Oct. 27, 2025 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the final October 2025 cash distributions for iShares Premium Money Market ETF. Unitholders of record on October 28, 2025 will receive cash distributions payable on October 31, 2025.

Details regarding the final “per unit” distribution amounts are as follows:

Fund NameFund TickerCash Distribution Per UnitiShares Premium Money Market ETFCMR$0.119
Further information on the iShares ETFs can be found at http://www.blackrock.com/ca.

About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @BlackRockCA

About iShares ETFs
iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of approximately 1,700 exchange traded funds (ETFs) and approximately US$5.2 trillion in assets under management as of September 30, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

iShares® ETFs are managed by BlackRock Canada.

Commissions, trailing commissions, management fees and expenses all may be associated with investing in iShares ETFs. Please read the relevant prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.  

Contact for Media:
Sydney Punchard
Email: [email protected]

Optimism over potential interest rate cuts fueled inflows of $921 million into digital asset investment products,

Ethereum-based investment products recorded their first weekly outflows in five weeks, with $169 million, following steady withdrawals seen each day. Despite this, demand for 2x leveraged Ethereum ETPs stayed strong, which indicated continued trader interest in high-risk exposure.

This comes as overall digital asset investment products attracted $921 million in inflows after several “choppy” weeks. The partial US government shutdown has clouded the macroeconomic outlook, limiting access to crucial policy data and creating uncertainty about the Federal Reserve’s next moves.

However, Friday’s softer-than-expected CPI report revived optimism that more rate cuts may still come this year. Meanwhile, global ETP trading activity remained high, with $39 billion in volume for the week. This figure is far above the year-to-date average of $28 billion.

Bitcoin Pulls Ahead
In its latest edition of ‘Digital Asset Fund Flows Weekly Report,’ CoinShares reported Bitcoin investment products drew in $931 million in inflows this week and lifted total inflows since the US Federal Reserve’s rate cuts began to $9.4 billion. Year-to-date (YTD) inflows now stand at $30.2 billion, still trailing the $41.6 billion recorded in 2024. Short Bitcoin products also saw positive sentiment as this cohort attracted $14.4 million in new capital.

Enthusiasm for Solana and XRP has tapered off ahead of their anticipated US ETF launches, with inflows of $29.4 million and $84.3 million, respectively. Multi-asset funds followed with $33.2 million in inflows, while Litecoin and Chainlink logged smaller gains of $0.3 million and $0.1 million during the same period.

Among assets facing outflows, Sui followed Ethereum’s suit and registered $8.5 million, and Cardano saw $0.3 million in outflows.

Regional inflows were led by the US with $843 million, while Germany delivered one of its biggest weeks to date with $502 million. Brazil and Australia recorded smaller gains of $13.2 million and $0.9 million, respectively. On the other hand, Switzerland saw outflows of $359 million, though these were largely technical and were tied to asset transfers between providers.

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Sweden mirrored this trend with $49 million in outflows, and both Hong Kong and Canada registered modest declines of $11.2 million and $10 million each.

Markets Brace for Trump-Xi Trade Talks
According to QCP Capital, crypto markets are entering a critical crossroads this week as global and domestic catalysts converge. All eyes are on the upcoming Trump-Xi meeting as any progress on a US-China trade deal is expected to boost investor confidence and risk appetite, and lift Bitcoin and other assets out of their October stagnation.

However, much hinges on the Federal Reserve’s decision regarding its quantitative tightening program. Additionally, the drawn-out US government shutdown and weak equity sentiment threaten to dampen momentum. With BTC trading flat and risk reversals turning neutral, markets appear to be cautiously positioned. Until Bitcoin reclaims the $116,000 level, the digital asset trading platform expects range-bound trading as crypto awaits its next macro-driven breakout.

TRUMP rallied by over 28% on signs of whale accumulation. The token started climbing even before the official announcement that the USD1 stablecoin would be added to the Enso chain.

Oct 27, 2025 at 20:19 // News

This launch is notable for two key reasons: it is Asia’s first spot Solana ETF and it dramatically expands the suite of virtual asset ETFs already available in Hong Kong, which includes existing spot Bitcoin and Ethereum funds, Coinidol.com reports.

China Asset Management (Hong Kong) Limited successfully launched the ChinaAMC Solana ETF (Ticker: 3460 / 83460 / 9460) on the Hong Kong Stock Exchange (HKEX).

The institutional maturation of altcoins

The introduction of a spot Solana ETF marks a critical phase in the institutional adoption of cryptocurrencies beyond the flagship assets, Bitcoin and Ethereum.

The approval and launch in a major financial hub like Hong Kong lends significant legitimacy to the Solana network. It suggests that regulators and institutional issuers view Solana’s native token, SOL, not merely as a speculative asset, but as a viable, regulated commodity for large-scale investment products. Solana is highly regarded for its fast transaction speeds (over 65,000 transactions per second) and low network costs, advantages that are increasingly valued in the institutional DeFi and real-world asset (RWA) tokenization space.

By offering a regulated, easily accessible investment vehicle for SOL, the ETF is expected to draw substantial capital from traditional investors, family offices, and wealth managers who prefer trading on a familiar stock exchange rather than directly on crypto platforms. This influx of capital contributes to market depth and price stability, further solidifying Solana's place as a top-tier digital asset.

Hong Kong's aggressive strategy

This launch confirms Hong Kong's ambition to become the leading institutional crypto hub in Asia, effectively challenging competing jurisdictions. By greenlighting spot ETFs for a broader range of high-market-cap cryptocurrencies, Hong Kong's financial regulators are signaling a progressive and accommodating stance toward digital assets, setting a high bar for other markets to follow.

The successful debut of the Solana ETF is a clear indicator that the financialization of the broader crypto ecosystem is well underway, moving rapidly past a sole focus on Bitcoin.

TL;DR

Cardano will integrate the x402 protocol and the Masumi network, a development Charles Hoskinson described as “very important” for its potential impact.
The x402 protocol enables automated and verifiable payments through APIs without registrations or authentications.
Ouroboros Leios advanced to the engineering phase, and ADA was added to the Grayscale CoinDesk Crypto 5 ETF.

Cardano is introducing new integrations that could redefine its role within the digital economy. Its founder, Charles Hoskinson, called the development “very important for Cardano” after confirming that the network will integrate the x402 protocol alongside Masumi, a platform built on its infrastructure focused on the AI Agent Economy.

The x402 protocol, based on the HTTP 402 “Payment Required” code, enables automatic and verifiable payments through APIs without the need for registration, emails, or complex authentications.

Developed by Coinbase and integrated into Google’s Agent-Payment Protocol (AP2), it introduces a system that facilitates economic exchange between digital services and agents. According to Patrick Tobbler, founder of NMKR and developer of the Masumi Network, this integration turns Cardano into a network capable of functioning as a financial backbone, offering native and automated payments between digital entities without the need for intermediaries.

This advancement is crucial to positioning Cardano as an infrastructure built for decentralized applications and AI-related use cases. Hoskinson emphasized that incorporating x402 is key to connecting the blockchain with a new generation of digital services that require interoperability and embedded payment mechanisms.

Cardano Continues Developing New Technologies
Input Output Global (IOG), Cardano’s main developer, confirmed that the Ouroboros Leios consensus protocol has moved from the research phase to active engineering. Leios proposes a full redesign aimed at increasing the network’s scalability and performance without compromising security — a key step toward its real implementation within the ecosystem.

Cardano has also strengthened its institutional presence. ADA was included in the Grayscale CoinDesk Crypto 5 ETF (GDLC), the first multi-asset crypto fund in the United States listed on the New York Stock Exchange. The ETF includes the five largest and most liquid cryptocurrencies — Bitcoin, Ethereum, Solana, XRP, and ADA — covering more than 90% of the market’s total capitalization.

The network founded by Hoskinson is preparing to integrate automated payments, achieve interoperability among digital agents, and deliver scalable solutions — advancing toward a fully connected and functional blockchain infrastructure

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Crypto market analyst Adam Livingston has sharply criticized S&P Global Ratings after the agency assigned a ‘B-’ issuer credit rating to Strategy Inc. He called the assessment “hilarious” and said it reveals how deeply traditional finance misunderstands Bitcoin-based capital models.

S&P Slams Bitcoin Holdings as Capital Weakness
Livingston said the company has been unfairly classified as a high-risk entity. He argued that the rating ignores the strength of its balance sheet and misrepresents Bitcoin as a liability rather than an asset. He added that S&P’s model effectively punishes Bitcoin adoption by labeling growth in digital reserves as a weakening of capital.

The controversy began when an S&P report stated that most of Strategy Inc’s assets are in Bitcoin. It also noted that the company is expected to keep adding significantly to its Bitcoin holdings.

Hence, the agency said it will continue to view the company’s capital as a weakness. This aligns with Michael Saylor’s long-term plan for Strategy to own Bitcoin worth $1 trillion.

Livingston called the statement the most revealing admission yet about how traditional finance undervalues assets that exist outside government control. The analyst said that if Strategy held U.S. Treasuries, S&P would classify the reserves as “high-quality capital.” Yet because Strategy holds Bitcoin, which he called “the hardest asset in human history,” the agency labels it as negative equity.

Analysts Say S&P’s Rating Exposes Limits of Legacy Credit Models
Livingston concluded that the S&P rating reveals less about Strategy’s actual risk and more about the limits of the legacy financial system. His view echoes Michael Saylor’s belief that Bitcoin will continue to outperform the S&P 500 and other traditional benchmarks.

The analyst said the incident marks a defining moment where digital assets confront the old structures in terms of credit and capital valuation. He said this approach demonstrates that S&P’s capital model is based on fiat currency logic rather than real financial strength.

The analyst further argued that S&P’s reliance on outdated risk definitions fails to capture the stability and transparency of blockchain-based holdings. Other analysts joined the discussion.

VanEck’s Matthew Sigel noted that the rating puts Strategy in high-yield territory, implying a 15% default probability over five years. Mason Foard pointed out that Strategy is now the largest publicly traded company with a B- rating. It sits below airlines, cruise lines, and automakers, even though it carries less debt and higher liquidity.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

A Madras High Court judge barred WazirX from reallocating a customer’s XRP holdings and declared cryptocurrency qualifies as property under Indian law, setting a precedent that may reshape how exchanges handle user assets during insolvency proceedings across multiple jurisdictions.

As The Times of India reported on Oct. 25, Justice N Anand Venkatesh ruled that the entity operating WazirX cannot redistribute, apportion, or reallocate 3,532.30 XRP coins belonging to Rhutikumari, who purchased the assets by transferring funds from her Chennai bank account.

The court granted an interim injunction after finding jurisdiction, despite WazirX’s argument that a Singapore High Court-supervised restructuring scheme controlled the matter.

Justice Venkatesh stated:

“Cryptocurrency is treated as a virtual digital asset, and it is not treated as a speculative transaction.”

The ruling cited Section 2(47A) of the Income Tax Act, which governs virtual digital assets, and found that cryptocurrency “is capable of being enjoyed and possessed (in a beneficial form) and is capable of being held in trust.”

WazirX contended that the platform does not own crypto wallets and that all users would receive pro rata compensation through a three-step process supervised by Singapore’s high court following a hack that halted withdrawals.

The exchange argued that the Madras High Court lacked jurisdiction because the arbitration was seated in Singapore.

The court rejected that position. Justice Venkatesh noted that Rhutikumari transferred funds from India, accessed the platform from within the country, and therefore established that part of the cause of action arose within the Madras High Court’s territorial jurisdiction.

The decision treats crypto holdings as distinct property rights rather than unsecured claims in a bankruptcy pool.

XRP property status shapes remedies in other venuesCourts in the US routinely treat crypto as property for remedial purposes, though regulatory classifications vary by agency.

The New York state court issued a temporary restraining order over stolen USDC in the LCX case and authorized service by NFT. Federal courts freeze wallets and seize crypto under Rule 65 and civil forfeiture statutes.

Relief against exchanges depends on the contractual structure: customers holding assets in omnibus or “Earn” programs that transfer title recover less than those with proper custody arrangements, where platforms act as bailees, as seen in the Celsius Earn ruling.

English courts recognize crypto as property and grant proprietary injunctions, freezing orders, and Bankers Trust disclosure against exchanges, including those overseas.

AA v Persons Unknown established the framework in a Bitfinex ransomware case, while Fetch.ai v Persons Unknown applied it to a Binance case.

LMN v Bitflyer confirmed disclosure orders can reach foreign exchanges. Parliament moved to codify digital-asset property concepts following the Law Commission’s 2023 report, solidifying the legal foundation for such orders.

IssueIndiaUnited StatesUnited KingdomSingaporeIs crypto “property”?Yes; expressly stated and “capable of being held in trust.”Yes for many purposes (tax/property; courts issue TROs, seizures).Yes; courts treat crypto as property supporting proprietary relief; government moving to codify.Yes; recognised across tokens and NFTs; can be held on trust.Can courts stop an exchange from touching user coins?Yes; interim injunction barred WazirX from reallocating customer XRP.Yes, via TRO/prelim injunction and constructive-trust theories, but platform ToS can be outcome-determinative (Celsius Earn).Yes; proprietary injunctions and disclosure orders regularly bind exchanges, incl. abroad (AA; Fetch.ai; LMN).Yes; proprietary and Mareva relief granted; exchanges compelled to disclose.Notable limits or wrinklesCourt asserted jurisdiction despite Singapore scheme; framed assets as trust property.If ToS transfers title (yield/earn), users may be unsecured creditors in insolvency.Some injunctions against exchanges have been discharged on the facts; relief is case-specific.Strong on property/trust, but final outcomes still hinge on facts and contractual terms.Singapore’s High Court has granted proprietary and worldwide freezing injunctions over stolen crypto in CLM v CLN, recognized NFTs and tokens as property, and, in Bybit v Ho Kai Xin, confirmed that crypto can be held on trust. This doctrine is relevant when users claim an exchange or insider holds assets on their behalf.

Quoine v B2C2 was the first to flag trust issues in exchange settings. Subsequent cases refined the property analysis to support stronger customer protections.

The Madras ruling aligns India with jurisdictions that prioritize property rights over pooling schemes in cases where exchanges face insolvency or restructuring.

By establishing that crypto purchases create enforceable property interests rather than mere contractual claims, the decision may limit how platforms redistribute user holdings during financial distress and clarify that local courts retain jurisdiction over assets accessed and funded domestically, regardless of where corporate restructuring proceedings occur.

Mentioned in this article

In a recent X post, the outspoken gold advocate and long-time Bitcoin critic argued that gold’s value stems from its ancient role as a tangible store of wealth, while Bitcoin remains speculative, volatile, and devoid of intrinsic value. According to Schiff, “buying Bitcoin is essentially a bet against gold.”

He further emphasized that Bitcoin is neither a reliable store of value nor a modern preservation tool for wealth, but rather a risky speculative gamble positioned against gold itself.

Bitcoin holders finally agree with SchiffIn a rare moment of alignment, much of the crypto community appeared to agree with Schiff’s remarks—though for different reasons. Many investors viewed his statement as an unintended compliment, interpreting Bitcoin as a step beyond gold rather than a digital version of it.

HOT Stories

Some commentators highlighted that Bitcoin has evolved beyond the constraints of traditional assets, recalling past moments when economists dismissed the cryptocurrency. 

Bitcoin was sold to investors as digital gold. Not only does Bitcoin have nothing in common with gold as a commodity, but it's actually inversely correlated with gold. Rather than being a digital proxy for gold, it's digital anti-gold. It's become another way to bet against gold.

— Peter Schiff (@PeterSchiff) October 27, 2025 One user referenced a 2014 Chinese finance program where an economist rejected 100 BTC on air as “worthless,” a sum now valued in the millions, suggesting Schiff might one day reverse his stance.

Bitcoin is greater than digital goldSupporters argued that Bitcoin should not behave like gold, as both assets serve different purposes. Gold preserves existing wealth, while Bitcoin creates new opportunities for growth in the digital economy.

One commentator recalled how, in 2014, a Chinese economist famously rejected an offer of 100 BTC on live television, calling it worthless — an amount now worth millions. Many suggested Schiff could one day face a similar realization.

The broader sentiment echoed that Bitcoin isn’t “digital gold” at all — it’s something greater.

In brief
Shares of ETHZilla (ETHZ) jumped 14% on Monday after Beyond Meat investor and influencer Dimitri “Capybara Stocks” Semenikhin got behind the firm.
Semenikhin claims to have purchased more than 2% of shares due to the steep discount between its trading market cap and the net value of assets.
The company said Monday that it sold approximately $40 million worth of ETH to buy back shares, after the investor advised the move.
Shares in Ethereum treasury firm ETHZilla (ETHZ) jumped 14% on Monday and continued pumping after hours, furthering gains seen late last week amid news that a Beyond Meat (BYND) meme stock influencer has taken a position in the firm—and he’s pushing it to make changes.

Dimitri “Capybara Stocks” Semenikhin most recently helped push BYND to a more than 1,000% price spike last week, gaining comparisons to unofficial GameStop ambassador Keith “Roaring Kitty” Gill, who rallied Redditors behind the gaming retailer’s shares during the 2021 meme stock rally. 

With the BYND pump cooling off, Semenikhin has pivoted his focus. Now he sees value in ETHZilla, claiming to have purchased around 2.2% of the firm’s shares.

“Treasury bets are really measured by the multiplier they have on their net assets,” he told Decrypt on Monday. “ETHZilla’s multiplier at the time of my purchase was at an all-time low of 50%, and is even now well below other digital treasuries still, trading at 65-70% of its liquid/cash asset value.”

The investor, who further detailed his thesis to his growing audience of recent followers on X and YouTube, is now making a pitch to ETHZilla executives about its path forward. 

“Today, I’ve published an open letter to the company’s management, as I believe it has been greatly underutilizing its ability to buy back its shares as part of the already authorized share buyback program,” he said.

Semenikhin said it’s not normal that he was able to build such a large position of shares when the firm was trading at such a large discount to its net asset value. 

“The company should have bought back these shares themselves,” he added. 

In August, ETHZilla unveiled a $250 million share buyback program in a bid to provide value to its shareholders. Now one of its newer and most vocal investors is “urging” management to sell some of its ETH holdings to buy back shares, providing instant value to shareholders. 

Less than an hour after Semenikhin posted his open letter, ETHZilla announced it had sold Ethereum and repurchased around $40 million worth of shares and would continue to do so as its mNAV trades below 1.

"We are leveraging the strength of our balance sheet, including reducing our ETH holdings, to execute share repurchases," said chairman and CEO McAndrew Rudisill, in a statement. 

The firm, which recently held 102,916 ETH, ranked sixth among publicly traded Ethereum treasury firms with a treasury valued around $434 million as of Monday ahead it its sale. It says it still holds around $400 million in ETH after its recent sale. 

Shares of ETHZ dipped as low as $12.78 last week, but rebounded to $20.65 at the close of trading on Monday and recently were trading at $23.00 after hours. As of the close of trading, ETHZ had jumped more than 20% over the last five trading days.

Last week, the firm completed a 1-for-10 reverse stock split to help boost the price of its shares and provide broader access to institutional investors. 

Beyond the newly famed meme stock investor, the firm also boasts billionaire Peter Thiel as a shareholder. Thiel and related entities purchased a 7.5% stake in ETHZilla in August, leading to an earlier stock spike. 

“After the success of my Beyond Meat investment and given the large community that this has created, I wanted to showcase to this newly formed community that there are also more risk-averse investments that can be made with asymmetric upside at the same time to showcase values around responsible and opportunistic investments,” said Semenikhin. 

Additional reporting by Ryan Gladwin

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Canary Capital will launch an ETF tracking Litecoin and another tracking HBAR — marking the first of their kind to go live in the U.S.

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Chainlink (LINK) has remained one of the most closely watched altcoins since the October 10 market crash, as investors and analysts position for the next major market phase. Despite the broader crypto downturn, Chainlink’s network strength and growing on-chain activity have kept it in focus as a potential leader of the next bullish wave.

Recent on-chain data shows a clear accumulation trend among whales, signaling renewed confidence in the project’s long-term value. Large holders have been steadily adding to their LINK positions since the crash, suggesting that institutional and high-net-worth investors view current levels as an opportunity rather than a risk.

Analysts argue that once market volatility subsides and Bitcoin confirms its next direction, LINK could experience an outsized recovery driven by strong fundamentals and increased adoption of Chainlink’s oracle infrastructure. The project’s expanding presence across DeFi, tokenization, and real-world data integration continues to position it as one of the most strategically important assets in the Web3 ecosystem.

For now, all eyes are on Chainlink’s resilience — as the market searches for stability, LINK’s accumulation behavior may be laying the groundwork for one of the most compelling rebounds in the next bullish phase.

Whales Withdraw Nearly $190M in LINK — A Strong Signal of Accumulation
According to Lookonchain, a total of 39 new wallets have withdrawn 9.94 million LINK — worth approximately $188 million — from Binance since the October 10 market crash. This large-scale movement of funds suggests that whales are accumulating Chainlink, potentially in anticipation of a market rebound.

Hot Wallets Withdrawing LINK | Source: Lookonchain
Withdrawals of this magnitude are often interpreted as a bullish signal, as investors typically move assets off exchanges when they intend to hold them long-term rather than sell. It reflects growing confidence among large holders, who may view current prices as a strategic entry point. The timing also coincides with a broader phase of market uncertainty, reinforcing the idea that sophisticated investors are quietly positioning ahead of the next major move.

The significance of this pattern goes beyond price speculation. Whales accumulating LINK may also indicate long-term belief in Chainlink’s fundamental role within decentralized finance (DeFi) and real-world asset tokenization. As the leading oracle network, Chainlink secures data feeds and enables interoperability between blockchains — making it an essential layer in the Web3 infrastructure stack.

If accumulation continues and market sentiment stabilizes, LINK could emerge as one of the key outperformers in the next crypto upcycle. Historically, similar accumulation phases have preceded major rallies in Chainlink’s price, particularly when exchange reserves decline and on-chain activity rises.

In short, this $188 million withdrawal wave signals that large investors are accumulating with conviction, reducing selling pressure on exchanges and tightening supply — a setup that could pave the way for significant upside once broader market conditions turn favorable.

Chainlink Holds Above Key Support As Whales Accumulate
The weekly chart shows Chainlink (LINK) trading around $18.58, holding relatively stable after weeks of volatility following the October 10 crash. Despite the broader market uncertainty, LINK has managed to defend its key support zone near $16, which aligns with the 200-week moving average — a crucial long-term level watched by traders.

LINK holds key support level | Source: LINKUSDT chart on TradingView
Price action indicates consolidation above this support, with the 50-week moving average flattening and beginning to converge with the 100-week. This setup often signals the early stages of a structural base before a potential breakout, provided that buying momentum increases. The fact that whales have withdrawn nearly $188 million worth of LINK from exchanges reinforces this narrative, as such accumulation tends to tighten available supply and reduce selling pressure.

Volume has also stabilized after a spike during the crash, suggesting that panic selling has cooled off. For a confirmed bullish shift, LINK needs to reclaim the $20–$22 resistance zone, which previously acted as both support and rejection during mid-year rallies.

The chart reflects a period of healthy consolidation backed by on-chain accumulation. If Bitcoin stabilizes and macro conditions improve, LINK could be among the first altcoins to recover strongly, extending its long-term uptrend.

Featured image from ChatGPT, chart from TradingView.com

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Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance.
Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

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.

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.

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 daily chart shows LTC’s attempt to break the current consolidation phase. Source: LTCUSDT on TradingView.com
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 

Bitcoin is consolidating around the $115,000 level amid growing optimism over a Fed rate cut and strong institutional accumulation.

CryptocurrencyTickerPriceBitcoin(CRYPTO: BTC)$115,432.62Ethereum(CRYPTO: ETH)$4,216.49Solana(CRYPTO: SOL)$201.87XRP(CRYPTO: XRP)$2.68Dogecoin(CRYPTO: DOGE)$0.2049Shiba Inu(CRYPTO: SHIB)$0.00001058Notable Statistics:

Coinglass data shows 125,394 traders were liquidated in the past 24 hours for $426.98 million.       
In the past 24 hours, top losers include OFFICIAL TRUMP, Virtuals Protocol and Pi.
Notable Developments:

MSTR Up 2% As Strategy Buys 390 Bitcoin, But Downtrend Remains Intact
Ferrari Ventures Into Crypto With Auction Of Le Mans Winning Car Using Exclusive Tokens: Report
BMNR Up 5% After 77,000 ETH Purchase—And Another 120% Move May Be In Play
Changpeng Zhao Says Kyrgyzstan Has Launched BNB Chain-Based ‘National Stablecoin,’ Multi-Asset Crypto Reserve
EXCLUSIVE: Beeline’s New Tokenized Equity Model Offers Homeowners Debt-Free Liquidity
Elizabeth Warren And Adam Schiff Introduce Senate Resolution Condemning Trump’s Pardon Of Changpeng Zhao
Trader Notes: Crypto trader Jelle said Bitcoin's rejection after sweeping resistance highs leaves two bullish scenarios: a higher low near $112,000 or reclaiming $116,000 as support. Until then, he advises caution on short-term bullishness.

Daan Crypto Trades noted Bitcoin remains range-bound, with its first sweep of local highs since Oct.10. A confirmed bullish reversal, he said, needs a break and hold above $116,000.

KillaXBT expects a "classic trap" setup, catching late longs early in the week, flushing shorts midweek, then triggering stops with a squeeze above the highs.

Castillo Trading reminded traders that fear often peaks at discount levels, the same zones ideal for accumulation. Many wanted a pullback at $125,000 but turned bearish once it arrived. "Plan the trade and trade the plan," he emphasized.

Read Next: 

Bitcoin Back To $115,000: Why Is It Suddenly Going Up?
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American Bitcoin, a Trump family-backed mining and treasury firm, now holds 3,865 BTC worth about $4.5 billion, after acquiring 1,414 BTC since September.The company’s stock has surged around 20% in five days, boosted by the “Trump Bump” and investor confidence following the latest purchase announcement.Despite short-term gains, American Bitcoin and the wider DAT sector face uncertainty due to regulatory risks and financial volatility in the digital asset market.American Bitcoin, a BTC miner/treasury firm launched by the Trump family, holds a little under $4.5 million in Bitcoin. The firm’s stock price has climbed in recent days.

The company hopes to use its mining operations and “Trump Bump” to remain at the cutting edge. Still, it’s hard to make any long-term predictions in today’s uncertain environment.

A Trump Family Bitcoin TreasuryPresident Trump has been introducing a lot of chaos to crypto markets, but many of his family’s business ventures are far less provocative.

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The President’s family has been receiving substantial incomes from its industry connections, and Trump venture American Bitcoin is making huge acquisitions:

According to a new press release, American Bitcoin has acquired 1,414 BTC since September, bringing its total holdings to 3,865. At current market rates, this represents a little under $4.5 billion in total, a major stockpile.

Eric Trump repeatedly claimed that the firm plans to keep buying Bitcoin.

Past Gains and Future ConcernsAmerican Bitcoin has only existed for a few months, but the Trump family’s support has already brought the firm a ton of success.

The company’s stock value has been climbing since before the purchase announcement, growing roughly 20% in the last five days. Still, this new publicity caused an additional spike today alone:

American Bitcoin Price Performance. Source: Yahoo FinanceMuch of the firm’s BTC stockpile comes from these purchases, but its mining operations have also helped buoy its mNAV.

While most digital asset treasury (DAT) firms are struggling under this limitation, mining and the “Trump Bump” could help American Bitcoin remain competitive.

Still, the whole DAT sector is facing a ton of challenges, both in terms of finance and possible legal issues. Although the latter concern likely won’t matter for a Trump family venture, American Bitcoin is still in a very chaotic sector.

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In a historic judgment that could reshape the future of cryptocurrency regulation in India, the Madras High Court has officially declared XRP and other digital assets as property under Indian law. The decision, issued by Justice N.

Summary

Bitcoin price is consolidating near $115K as miner reserves stabilize, easing recent sell pressure and improving sentiment.
Strength above $118K–$120K could trigger a breakout toward $125K–$130K on stronger miner profitability and on-chain activity.
A drop below $110K risks renewed miner capitulation, weaker fees, and macro-driven downside pressure.

Bitcoin price is consolidating around $114,000 as miner reserves stabilize, relieving one of the main causes of sell pressure observed in recent months.

A significant change is now visible following the post-halving downturn that compelled miners to sell Bitcoin in order to pay for operating expenses; miner holdings have leveled out, and hashprice metrics are progressively improving.

Bitcoin price market info
Bitcoin price 1D chart | source: crypto.news
Bitcoin is currently trading between $110K and $118K, with resistance at $120K, as of October 27, 2025.  Signs of accumulation from big on-chain wallets are consistent with the halt in the miner reserve reduction, which indicates less forced selling.  Additionally, transaction costs have somewhat improved, increasing miner profitability and enabling them to retain rather than sell their Bitcoin awards.

The notion that improving miner economics can serve as a foundation for the next step upward has caused market sentiment to shift from neutral to bullish.  Traders are keeping a careful eye on whether Bitcoin (BTC) will regain momentum over critical resistance as global market liquidity conditions normalize and ETF flows hold stable.

Potential positive impacts on Bitcoin price
A technical breakout toward $125K–$130K, which were previously observed during the post-halving euphoria earlier this year, might be triggered by a persistent move over $118K–$120K. 

Strengthening the hashprice, or the amount of money miners make per unit of processing power, could help reduce structural sell pressure.  Higher fee money is also being generated by growing on-chain activity and Layer-2 adoption, which gives miners more leeway.

Downside risks to BTC price
Network and macro forces continue to have an impact on Bitcoin’s surge.  A decline below $110,000 might trigger miner capitulation once more, driving down sales.  Reduced network usage or a drop in transaction fees would also put a burden on profitability and reverse recent gains.

Upside momentum may also be constrained by a risk-averse attitude in stocks or a resurgence of ETF withdrawals.

Bitcoin price prediction based on current levels
Given the stabilization of miner reserves and a steady hashprice recovery, Bitcoin price prediction models suggest BTC is ready for a possible upward test of $120K. If confirmed, momentum could extend toward $125K–$130K in the near term. Conversely, persistent declines below $110K would renew focus on miner stress and overall risk sentiment.

Ultimately, whether miner relief translates into long-term supply restraint will determine Bitcoin’s outlook in the weeks ahead — a key factor shaping the Bitcoin price forecast and whether BTC’s next breakout finally crosses the $120K mark.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Anticipation is building ahead of Ripple Swell 2025, the company’s flagship conference scheduled for November 4 to 5 in New York, with a welcome reception on November 3. This year’s edition is set against a backdrop of growing institutional adoption of cryptocurrencies, and Ripple is bringing some of the world’s most powerful financial names to the stage. 

For the first time, the event will feature an extensive lineup of speakers from the White House and major traditional finance institutions, including BlackRock, Nasdaq, Bloomberg, and Citi.

Major Financial Institutions Take The Stage
Ripple’s 2025 edition of the Swell event is turning out to be filled with the biggest roster yet. Ripple has confirmed that the 2025 edition of Swell will host top executives from some of the largest names in both the crypto industry and in traditional finance. 

Among the notable names are Maxwell Stein, Director of Digital Assets at BlackRock; Adena Friedman, Chief Executive Officer at Nasdaq; Sandy Kaul, Head of Innovation at Franklin Templeton; and Hunter Horsley, CEO of Bitwise Asset Management. 

Other confirmed participants include senior representatives from Citi, Fidelity, JPMorgan Chase, Mastercard, CME Group, Moody’s, State Street, DBS Bank, Bloomberg, and Société Générale, among many others.

This roster of names is the strongest representation of traditional finance in Swell’s eight-year history. Each of these executives brings deep institutional experience in asset management, banking, and capital markets, areas that are now embracing tokenization, digital payments, and blockchain settlement, and where Ripple is looking to become a major player.

Image From X. Source: @X__Anderson
Nobody wants to be left behind in the blockchain/crypto movement. Therefore, discussions are expected to focus on how these institutions are preparing to integrate blockchain-based systems into global finance, particularly for cross-border transactions, stablecoin infrastructure, and regulated digital-asset investment products.

Observers are also going to be watching for major announcements from Ripple at Swell, like new partnerships, new tokenization offerings, developments regarding Ripple’s RLUSD, institutional partnerships, and possibly some information regarding the launch of Spot XRP ETFs in the US.

“From stablecoins and payments to regulation and real-world adoption, Swell brings together the conversations shaping the future of finance,” noted Ripple in a social media post.

White House Representation At Swell 2025
Adding a new dimension to this year’s event is the confirmed participation of Patrick J. Witt, Executive Director of the Presidential Council of Advisors on Digital Assets (PCADA). Witt, who serves directly under the White House, will be making his first appearance at Ripple Swell, making this the first time in the event’s history that a sitting US government official has joined the speaker lineup since 2018.

The inclusion of a White House voice at Swell 2025 upgrades the conference’s importance beyond the crypto community. It also shows the crypto-positive approach held by the current US administration.

Price moves up but struggles with momentum | Source: XRPUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com

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Ethereum has been among the biggest winners among megacap cryptocurrencies, and there are two main reasons for this.

Among all large-cap cryptocurrencies, Ethereum (ETH +3.29%) has led the way in terms of both 24-hour moves and the overall moves we've seen over the past weekend.

Today's Change

(

3.29

%) $

133.82

Current Price

$

4201.66

As of 3 p.m. ET, Ethereum has surged 3.5% over the past 24 hours, and is now up 7.1% since Friday's market close.

Let's dive into two of the key catalysts that are behind this move, and why I think these catalysts promote a strong long-term investment thesis for investors considering picking up shares of digital assets in this current environment.

Improved scalability leads to increased investment
Today marks a big day for Ethereum investors, with the launch of a new initial coin offering (ICO) from MegaETH, a Layer-2 Ethereum scaling solution, seeing oversubscribed demand. In fact, this ICO was oversubscribed within five minutes, with plenty of investors and speculators appearing to be bullish on the potential of this Ethereum scaling solution to further improve the growth trajectory we've seen on the Ethernet blockchain.

Following a successful testnet launch in March, investors have clearly been waiting for the opportunity to invest in this Ethereum-linked project, with a current valuation of $7 billion (based on ICO prices) likely to be eclipsed in short order.

If demand for MegaETH remains strong, and we do see the kind of underlying fundamental improvements investors expect from this project, this is a key catalyst investors will kick themselves for not paying closer attention to. With more than 100,000 users having completed know-your-customer (KYC) procedures ahead of this offering, this is a vetted development that's worth factoring into your pricing model for Ethereum moving forward.

Whales are joining in on the fun
So-called "whales," or large investors in Ethereum holding between 10,000 and 100,000 Ether tokens (worth between $42 million and $420 million, respectively, at current prices) have been adding to their positions in recent months. Recent reporting shows that this trend has been underway since Q2, and could continue over time.

The investors we're talking about here are mostly institutional in nature, suggesting that those with the deep pockets to make price-moving trades are looking upon the launch of MegaETH and other underlying developments as reasons to keep accumulating tokens.

I'd say that's a very good sign for smaller retail investors, but these trends to gyrate over time. For now, at least, momentum continues in a positive direction.

With bitcoin hovering at $115,458 on Oct. 27, prediction traders on Polymarket are making two big bets — one on how the month will close, and another on where bitcoin could stand by the end of 2025 — and the odds couldn't be more different.

Gold Market Analysis: Massive Breakdown Signals ShiftGold just experienced one of its biggest weekly losses in recent years — over $2.7 trillion wiped out in market capitalization. The chart shows XAU/USD breaking a crucial support zone near $4,000, with strong bearish momentum.

The RSI (29.88) confirms heavy overselling, suggesting panic-driven exits, while the MACD remains deeply bearish, showing no immediate signs of reversal. The next major support is around $3,900, and unless gold quickly reclaims the $4,000 line, further downside could open toward $3,850.

This breakdown reflects a broader macro shift. Investors are exiting defensive assets like gold and reallocating toward risk-on trades — particularly equities and digital assets.

U.S. Stock Market Pumps — Risk Appetite ReturnsThe U.S. stock market is surging, with major indices hitting record highs as tech stocks lead the charge. Investors are betting on a soft landing and renewed economic expansion under the latest macro signals from Washington.

Historically, when Wall Street rallies, liquidity doesn’t stay confined to traditional markets — it spills over into crypto. Traders are moving capital from safe havens into higher-risk, higher-return assets, and Bitcoin stands directly in that flow.

Crypto Market Outlook: Ready for the Next Leg UpThe total crypto market cap chart confirms growing momentum. After a strong recovery above $3.72 trillion, the market has stabilized near $3.84 trillion.

Technical indicators show resilience:

RSI (73.67) remains elevated, hinting at overbought conditions but also strong buying interest.

MACD stays positive, indicating that the bullish structure remains intact.

If the crypto market holds above $3.72T, the next breakout could target $3.9–4.0T, pushing Bitcoin toward new highs as capital rotates out of gold and into digital assets.

Final TakeGold’s historic drop of $2.7 trillion signals a major capital reallocation moment. With Wall Street pumping and macro sentiment turning risk-on, Bitcoin and the broader crypto market are perfectly positioned to benefit from the liquidity shift.

The setup is clear:
Gold is bleeding, stocks are booming — and crypto is next in line.

Key NotesMegaETH's rapid oversubscription demonstrates strong institutional and retail demand for Ethereum Layer-2 scaling solutions amid growing DeFi adoption.US token holders face mandatory one-year lockups while international participants can opt for voluntary lockups to enhance allocation eligibility.The token generation event scheduled for January 2026 enters a market saturated with over $650 million in competing altcoin unlocks.
The Ethereum  Layer-2 network MegaETH launched its initial coin offering on October 27, and became oversubscribed within five minutes. The sale has attracted $360.8 million in commitments at the ceiling price of $0.0999 per token, according to the project’s sale platform.

The oversubscription created a hypothetical fully diluted valuation of $7.2 billion, though the official post-allocation FDV will be $999 million once final distributions are calculated against the $49.95 million raise cap.

100,000+ users KYC'd. Over 70,000 Twitter users.$MEGA Public Sale kicks off tomorrow at 1pm UTC/ 9a EST.

More dates and details to stay informed [thread] pic.twitter.com/pGSKoltpm4

— MegaETH (@megaeth_labs) October 26, 2025

The 72-hour English Auction is selling 500 million MEGA tokens, representing 5% of the total 10 billion token supply. According to Decrypt, more than 100,000 users completed know-your-customer procedures ahead of the sale.

On-chain analytics firm Arkham Intelligence reported that within the first two hours, 819 addresses had committed the maximum individual amount of $186,282 in USDT to the MegaETH sale address.

Allocation Based on Community Engagement
Because the auction reached its ceiling price with demand far exceeding supply, MegaETH will determine final allocations by assessing participants’ past engagement with the MegaETH and Ethereum communities through both social and on-chain methods, according to the project’s MiCA whitepaper.

US-based participants are required to lock their tokens for one year, while non-US participants can choose optional lockups that may improve allocation chances.

MegaETH gained attention following its testnet launch in March 2025, which aims to achieve 100,000+ transactions per second with block times under 10 milliseconds. The project completed a $20 million seed funding round in June 2024.

Some testnet users reported that the network’s transaction execution speed makes Ethereum feel instant, contributing to hype around the token sale amid current ETH market sentiment.

The Token Generation Event is estimated to occur in January 2026, at least 40 days after the sale concludes. The oversubscribed sale comes alongside other major DeFi fundraising events in 2025, including Andre Cronje’s recent $200 million DeFi round.

The MEGA token launch will also enter a market facing significant supply pressure from upcoming token unlocks totaling over $650 million across various altcoin projects.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, Ethereum News, News

As a Web3 marketing strategist and former CMO of DuckDAO, Zoran Spirkovski translates complex crypto concepts into compelling narratives that drive growth. With a background in crypto journalism, he excels in developing go-to-market strategies for DeFi, L2, and GameFi projects.

Zoran Spirkovski on X

In the financial markets, a noticeable shift is occurring as Bitcoin enjoys a five-day recovery streak while Gold recedes from its recent all-time high. This divergence highlights a potential change in investor sentiment, suggesting a move away from traditional safe-haven assets towards riskier, high-return investments like cryptocurrencies.

Community reaction to BIP-444 has widened as Bitcoin contributors have debated legal exposure for node operators; a proposed soft fork with caps on data sizes has been presented as interim, while opponents have questioned its impact on Ordinals and consensus.

Key NotesBitMine added 77,055 ETH in one week, demonstrating accelerated accumulation toward its strategic 5% circulating supply target.BMNR stock rose 6.12% to $53.48 on October 27, ranking among the most liquid UU equities by trading volume.BitMine leads publicly traded firms in ETH reserves, with competitors SharpLink Gaming and Bit Digital holding significantly smaller positions.
The company BitMine Immersion Technologies (NYSE American: BMNR) announced that it now holds $14.2 billion in combined crypto and cash assets, further strengthening its position as the world’s top Ethereum

ETH
$4 214

24h volatility:
3.5%

Market cap:
$509.80 B

Vol. 24h:
$37.18 B

treasury.

The current holdings include 3.31 million ETH, valued at approximately $13.8 billion; 192 Bitcoin

BTC
$115 386

24h volatility:
1.6%

Market cap:
$2.30 T

Vol. 24h:
$65.37 B

; unencumbered cash of $305 million; and an $88 million investment in Eightco Holdings. The company’s ETH ownership represents 2.8% of the total supply, bringing it closer to its goal of acquiring 5% of circulating Ethereum tokens.

Thomas “Tom” Lee, Chairman of BitMine and head of Fundstrat, stated the firm added 77,055 ETH over the past week. Lee said easing US-China tensions could help normalize trading conditions after the major crypto deleveraging earlier in October. “We are more than halfway toward the ‘alchemy of 5%’ of ETH,” he said in the announcement.

BMNR Stock Rises Amid Investor Activity
BitMine’s announcement coincided with renewed momentum in its stock. As of Oct. 27, 2025, BMNR traded at $53.48, rising 6.12% for the day after last week’s close at $50.41. The stock averages more than 51 million shares traded daily, with a market cap of $14.79 billion.

Over the past month, BMNR’s price has fluctuated between $48 and $63, ranking it among the most liquid stocks in the US, currently trading behind Quantum Computing Inc. but ahead of Apple Inc. in dollar volume, according to Yahoo! Finance.

Ethereum Treasury Leadership
According to CoinGecko data, BitMine leads all publicly traded firms in ETH reserves. Following BitMine, SharpLink Gaming (SBET) holds around 859,853 ETH; Bit Digital (BTBT) owns 150,244 ETH; Coinbase (COIN) manages over 136,782 ETH through corporate reserves; and ETHZilla (ETHZ) recently launched its $403 million Ethereum treasury.

🧵

BitMine provided its latest holdings update for Oct 27, 2025:

$14.2 billion in total crypto + "moonshots":
– 3,313,069 ETH at $4,164 per ETH (Bloomberg)
– 192 Bitcoin (BTC)
– $88 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and
-…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) October 27, 2025

BitMine also ranks second globally in overall crypto holdings — only behind Strategy Inc. (MSTR), which owns 640,808 BTC worth approximately $73 billion. This large-scale accumulation cements BitMine’s profile as both a crypto investment firm and a heavily traded equity in the digital asset sector.

Institutional Support and Strategy
BitMine’s investor base includes leading funds such as ARK Invest, Founders Fund, Pantera Capital, Kraken, DCG, and Galaxy Digital. The firm continues to expand through its Bitcoin mining and advisory operations in Texas and Trinidad, leveraging low-cost energy to optimize margins.

Thomas Lee, in the announcement, compared recent regulatory progress, including the GENIUS Act and the SEC’s Project Crypto, to historic financial shifts like the 1971 end of the gold standard, which modernized US financial markets — positioning digital assets as the foundation for the next era of investment infrastructure.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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José Rafael Peña Gholam is a cryptocurrency journalist and editor with 9 years of experience in the industry. He wrote at top outlets like CriptoNoticias, BeInCrypto, and CoinDesk. Specializing in Bitcoin, blockchain, and Web3, he creates news, analysis, and educational content for global audiences in both Spanish and English.

José Rafael Peña Gholam on LinkedIn

Bitcoin Price Weekly Outlook

Bitcoin’s price action was rather subdued last week, keeping traders guessing whether or not we would see another large drop in price entering the weekend. Price held above the lows, however, slowly plodding a little bit higher to close out the week at $114,530. Bulls should not be overly disappointed with this price action, as they did reclaim the $112,200 resistance level, and are now closing in on conquering the next resistance level at $115,500. The bears are still sitting comfortably in control, though, with stronger resistance levels hanging overhead that the bulls have yet to challenge. This may be an interesting and volatile week ahead, with the FOMC meeting on Wednesday and a slough of large companies reporting third-quarter earnings.

Key Support and Resistance Levels Now

Nothing has materially changed from last week’s resistance levels as the bulls have made little progress. Heavy resistance is still sitting at $117,600 and $122,000 above there, so the bears aren’t feeling any real pressure yet. If by chance this week gets above $122,000, we will look to the upper boundary of our broadening wedge pattern at $128,000.

Holding above the prior week’s low is a positive sign for the bulls, while they managed to maintain price above the key short-term support of $106,900 last week as well. This level must hold going forward, as closing below $106,900 opens the door back down to the $105,000 to $102,000 support zone that has already been tested twice. A third test of this support zone would be more likely to break it than to hold it. $96,000 is the long-term bull market support below here, a do-or-die support level if the price were to slide down and test it.

Outlook For This Week

Expect significant volatility this week, especially on Wednesday, as we have the Federal Reserve’s interest rate decision and ensuing Powell speech, followed by major earnings reports from Microsoft, Meta, and Google after market close. Bulls will look to hold $109,000 as a floor into this week, as doing so would position them to maintain upward momentum. Looking at the Momentum Reversal Indicator, we are currently sitting on an 8-count entering Monday. This is a warning candle that we may see momentum begin to fade. Tuesday should bring the 9-count at which point we should expect at least a pause on upward momentum and a 1 to 4 day correction in price. So if bulls can push price up to the 0.618 Fibonacci Retracement at $117,600 by Monday night or Tuesday morning, we should expect to see a rejection ther,e and we can re-assess after Wednesday’s FOMC and earnings reports play out.

Market mood: Bearish – While the bulls gained some ground last week, the bears remain stoic and strong. The bulls must push the price past $122,000 to take back control.

The next few weeks
If bulls can manage to survive through this week, there are still some potential headwinds on the horizon. The US-China tariff dispute may or may not be resolved by the end of next week; a negative outcome will likely send all markets lower. Additionally, the US courts’ ruling on the legality of Trump’s tariffs is expected by November 5th. If these tariffs are reinstated, we should expect markets to head lower to price this impact in.

Terminology Guide:

Bulls/Bullish: Buyers or investors expecting the price to go higher.

Bears/Bearish: Sellers or investors expecting the price to go lower.

Support or support level: A level at which the price should hold for the asset, at least initially. The more touches on support, the weaker it gets and the more likely it is to fail to hold the price.

Resistance or resistance level: Opposite of support.  The level that is likely to reject the price, at least initially. The more touches at resistance, the weaker it gets and the more likely it is to fail to hold back the price.

Fibonacci Retracements and Extensions: Ratios based on what is known as the golden ratio, a universal ratio pertaining to growth and decay cycles in nature. The golden ratio is based on the constants Phi (1.618) and phi (0.618).

Broadening Wedge: A chart pattern consisting of an upper trend line acting as resistance and a lower trend line acting as support. These trend lines must diverge away from each other in order to validate the pattern. This pattern is a result of expanding price volatility, typically resulting in higher highs and lower lows.

Momentum Reversal Indicator (MRI): A proprietary indicator created by Tone Vays. The MRI indicator tracks buyer and seller momentum and exhaustion, providing signals to indicate when to expect momentum to fade and accelerate.