Market Signal Briefing

Bitcoin Price surged above $114,000 as Strategy announced the acquisition of 390 BTC worth $43.4 million at an average price of $111,053 per Bitcoin. The purchase, which brings Strategy's total holdings to 640,808 BTC, comes amid accelerating corporate adoption of Bitcoin treasuries.

Bitcoin’s price surged above $115,000 on Monday as Strategy, the largest corporate holder of Bitcoin, announced another significant purchase of Bitcoin. The business intelligence firm acquired 390 BTC between October 20 and October 26, spending approximately $43.4 million at an average price of $111,053 per Bitcoin.

According to a Form 8-K filing released today, Strategy’s total Bitcoin holdings have now reached 640,808 BTC, with an aggregate purchase price of $47.44 billion. The company’s average purchase price stands at $74,032 per Bitcoin, including fees and expenses.

The latest acquisition was funded through proceeds from Strategy’s At-The-Market (ATM) equity programs, specifically through the issuance of preferred shares under its STRF, STRK, and STRD ATM programs. The company raised a combined total of $43.4 million during the period to finance these purchases.

The announcement comes amid a growing trend of companies adopting Bitcoin treasury strategies. Recent data indicates that publicly traded companies now hold over $110 billion worth of Bitcoin, with Strategy alone accounting for approximately $74 billion of that total.

The emergence of Bitcoin treasury companies has accelerated notably in 2025, with Germany’s aifinyo AG recently announcing plans to accumulate 10,000 BTC by 2027. This follows similar moves by companies across Europe and Asia, signaling a broader institutional acceptance of Bitcoin as a treasury reserve asset.

The Bitcoin treasury model has moved from experimental to established corporate strategy. We’re seeing new companies enter this space almost weekly, recognizing Bitcoin as the ultimate treasury reserve asset.

Bitcoin’s price responded positively to Strategy’s announcement, trading above $115,000 as of press time. Bitcoin has shown strong momentum in recent days, supported by growing institutional adoption and the approaching 2026 halving.

Strategy’s stock (MSTR) has also shown positive movement, rising 3% in pre-market. Recent regulatory developments have further supported the Bitcoin treasury trend. Strategy recently received favorable guidance from the IRS and Treasury regarding the treatment of unrealized crypto gains in Corporate Alternative Minimum Tax (CAMT) calculations, eliminating concerns about potential tax liabilities for long-term Bitcoin holdings.

As more companies adopt Bitcoin treasury strategies and regulatory frameworks become clearer, the trend appears poised to continue. With Strategy leading the way and new entrants like aifinyo AG joining the space, corporate Bitcoin adoption is increasingly becoming a global phenomenon, spanning various industries and regions.

Vivek Sen

Vivek has been fascinated by Bitcoin since he discovered it in 2016. He also runs a Bitcoin marketing agency, Bitgrow Lab, and he used to work at a Bitcoin VC fund, Lightning Ventures. He loves growth, marketing, startups, and writing. He is an EU news reporter for Bitcoin Magazine.

The cryptocurrency market has started the week all guns blazing, as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and other tokens trade in bullish territory. Market optimism has surged as optimism over a new trade deal between the US and China grows. The odds of a rate cut by the Federal Reserve also lifted investor sentiment, as prices rallied. BTC traded around $113,500 over the weekend before price action picked up early on Monday. As a result, BTC reclaimed the $115,000 level, rising over 3% and moving to its current level of $115,477. 

ETH registered an even stronger rally. The altcoin reclaimed $4,000 over the weekend and surged past $4,200 early on Monday. The world’s second-largest cryptocurrency is up over 7% in the past 24 hours, trading around $4,225. XRP is up over 1%, while SOL is up almost 6%, having reclaimed $200 and trading around $204. Dogecoin (DOGE) is up over 6%, while Cardano (ADA) is up nearly 5%, trading around $0.683. Chainlink (LINK), Stellar (XLM), Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) have also registered substantial increases over the past 24 hours. 

Bitplanet Initiates Bitcoin Treasury Strategy With 93 BTC Purchase South Korea’s Bitplanet has become the latest publicly-listed entity to pivot to Bitcoin (BTC). The firm announced the purchase of 93 BTC on October 26 as part of its long-term strategy to build a 10,000 BTC treasury. The move makes Bitplanet the first fully-regulated company to make a Bitcoin purchase. The firm, backed by Metaplanet’s Simon Gerovich, is positioning itself as the best treasury company in South Korea. 

According to co-CEO Paul Lee, Bitplanet has strengthened governance and compliance systems, adding that the firm has quietly accumulated BTC over the past two weeks using a regulated platform to ensure transparency and risk management. Bitplanet’s push into the Bitcoin treasury space comes as the market recovers from the October 19 crash. The crash saw over $19 billion liquidated, pushing BTC down to multi-month lows. ETF inflows have also bounced back, with Bitcoin and Ethereum ETFs recording over $600 million in net inflows last week. 

Changpeng Zhao’s Pardon A Result Of Expensive Lobbying Push Former Binance CEO Changpeng Zhao’s pardon was the result of months of expensive and extensive lobbying efforts. Zhao served a four-month prison sentence last year after authorities found him guilty of violating U.S. anti-money Laundering laws. According to a report, the former CEO benefited from a months-long lobbying campaign by Binance and its legal team to win over key figures around President Trump. 

The report claimed that Binance hired Ches McDowell, a close associate of Donald Trump Jr., and his firm Checkmate Government Relations to lobby the White House and the Treasury Department. Checkmate received $450,000 for one month’s work and has already raked in $7.1 million in revenue over the past three months. Binance and Zhao also retained Teresa Goody Gullen, a crypto lawyer once considered for SEC Chair under Trump. Gullen’s firm has reportedly earned $290,000 from Binance and Zhao this year alone. 

Binance’s latest lobbying efforts come as the company spent over $1 million in lobbying in 2022 before pausing as part of its 2023 plea deal. 

Scott Bessent Outlines Trade Deal Framework Between US And China Treasury Secretary Scott Bessent has said that the US and China have made substantial headway on a trade deal framework. The statement has renewed optimism that markets will resume their upward trajectory. The agreed framework means that the 100% tariffs on China, announced by President Trump back in October, will likely not be implemented. Bessent added that the US and China will also collaborate on security issues and agreements.

“President Trump gave me a great deal of negotiating leverage with the threat of 100% tariffs on November 1, and I believe we have reached a very substantial framework that will avoid that and allow us to discuss many other things with the Chinese.”

Crypto markets reacted to the news as expected, with BTC, ETH, SOL, and other cryptocurrencies rising. 

Indian Court Recognizes Crypto As Property The Madras High Court has ruled that cryptocurrency qualifies as property under Indian law and can be held in trust. The ruling came during a hearing involving the WazirX hack. Justice Venkatesh stated that cryptocurrencies possess all the primary features of property. 

“There can be no doubt that ‘cryptocurrency’ is a property. It is not a tangible property, nor is it a currency. It is a property, which is capable of being enjoyed and possessed (in a beneficial form). It is capable of being held in trust.”

Justice Venkatesh also noted that cryptocurrencies are identifiable, transferable, and controlled through private keys. The judge also highlighted Section 2(47A) of the Income Tax Act, 1961, which classified cryptocurrencies as “virtual digital assets.”

Bitcoin (BTC) Price Analysis Bitcoin (BTC) has clearly resumed its upward trajectory, as seen from its daily chart. The flagship cryptocurrency is up nearly 4% in the past 24 hours and has reclaimed the $115,000 level. BTC’s recovery began on Thursday as it rallied after reaching a low of $106,639 a day prior. The flagship cryptocurrency reclaimed $110,000 on Friday and reached $111,666 on Saturday. Bullish sentiment intensified on Sunday as BTC rallied, rising nearly 3% and settling at $114,548. The price is up over 1% during the ongoing session, trading around $115,787. 

BTC remained in positive territory over the weekend despite selling pressure as Friday’s rebound helped the bulls move to a higher level. Positive US inflation data boosted price action further, pushing BTC past key levels. According to trader Crypton Caesar, a clean break above the $112,000-$115,000 levels could push prices above $120,000, potentially towards a new all-time high. 

“BTC is testing a key resistance around $112K. A CLEAN break and close above it could confirm a bullish continuation toward $123K.”

Another trader and investor, Ted Pillows, outlined a similar view, stating, 

“BTC seems to be in a short-term uptrend. 4 consecutive green daily candles, which means someone is consistently TWAP-ing Bitcoin here. I'm still eyeing a $112,000-$114,000 zone, as a reclaim could push BTC above $118,000 really soon.”

Markets are also optimistic about a rate cut. The Federal Reserve is expected to cut interest rates by 0.25%, following its October 29 meeting. Data from CME Group’s FedWatch Tool puts the odds of a rate cut at 98%. According to trading resource The Kobeissi Letter, the Fed’s rate cuts are part of a worldwide rates “pivot” by central banks. 

“So far, 82% of world central banks have cut rates over the last 6 months, the highest share since 2020. This century, central banks have slashed rates at a pace only seen during recessions. Global monetary easing is in full swing.”

News that the US and China have agreed to an early framework agreement on trade issues further boosted market sentiment. Officials described the talks between the US and China as “successful,” pushing prices higher. The trade breakthrough came during President Trump’s first Asian tour of his second term. Trump signed a key trade deal and a critical minerals agreement with Malaysia. The US President has also brokered a peace deal between Thailand and Cambodia, while China agreed to delay rare earth export controls by a year. 

“U.S. President Trump has begun his first Asian tour of his second term, with the US and China reaching a trade framework ahead of the Trump-Xi meeting. Trump signed a trade deal and a critical minerals pact with Malaysia, while also overseeing a peace declaration between Thailand and Cambodia.”

BTC ended the previous weekend in positive territory, rising 1.37% on Sunday and settling at $108,676. Buyers retained control on Monday as the price rose nearly 2% to reclaim $110,000 and settle at $110,568. BTC surged to an intraday high of $114,082 on Tuesday. However, it lost momentum after reaching this level and dropped 1.99% to $108,362. Selling pressure persisted on Wednesday as BTC fell 0.72% to a low of $106,639 before settling at $107,585. Despite the selling pressure, the price recovered on Thursday, rising over 2% to cross $110,000 and settle at $110,116. BTC continued pushing higher on Friday, rising almost 1% to $111,042.

Source: TradingView

Price action remained positive over the weekend with BTC rising 0.56% on Saturday and settling at $111,666. Bullish sentiment intensified on Sunday thanks to positive macroeconomic developments, including positive trade talks between the US and China, and rising odds of a rate cut. As a result, BTC rose 2.58% to cross $114,000 and settle at $114,548. The flagship cryptocurrency has crossed $115,000 during the ongoing session, and is up almost 1%, trading around $115,481. 

Ethereum (ETH) Price Analysis Ethereum (ETH) registered a sharp rally to reclaim $4,000 as positive macroeconomic developments lifted prices and investor sentiment. The altcoin fell to a low of $3,709 on Thursday before recovering. It briefly crossed $4,000 on Friday and maintained its upward trajectory over the weekend, rallying over 5% on Sunday to settle at $4,157. ETH is up almost 1% during the ongoing session, trading around $4,194. 

Meanwhile, Ethereum whales are quietly accumulating the token as the altcoin’s next major move takes shape. According to data from Alphractal, wallets holding between 10,000 and 100,000 ETH have been steadily increasing their balances since April, making one of the strongest accumulation waves since 2021. According to Alphractal, the group of whales, generally high-net-worth institutions or individuals, has historically displayed the closest correlation with ETH’s long-term price movements. One analyst noted, 

“When their supply went up in 2017 and 2021, ETH’s price followed. And 2025 is no different.”

The accumulation pattern suggests that while retail investors remain hesitant, larger, deep-pocketed investors may be positioning themselves for a larger breakout. Making things more interesting, Lookonchain has also flagged a noticeable whale rotation from SOL to ETH. The whale sold 99,979 SOL, worth around $18.5 million, and used the proceeds to purchase 4,532 ETH at $4,084 per coin. However, not everyone is convinced. Analyst Johnny Woo believes the market has a bumpy road ahead, stating, 

“Smart money and moon boys don’t want you to see this chart…TOTAL (excluding BTC and ETH) is flashing a sell signal… It’s hard to believe we’ll get an altseason in the next two months. In my opinion, the next bullish phase will happen in Q1 2026.”

ETH started the previous weekend in the red, dropping 1.57% to a low of $3,680 before settling at $3,834. The price recovered over the weekend, rising 1.51% on Saturday and 2.39% on Sunday to settle at $3,985. ETH faced volatility on Monday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price registered a marginal decline and settled at $3,981. Selling pressure intensified on Tuesday as ETH fell almost 3% to $3,876. The price fell to an intraday low of $3,709 on Wednesday. However, it rebounded from this level and settled at $3,807, ultimately dropping 1.78%.

Source: TradingView

Despite the overwhelming selling pressure, ETH recovered on Thursday, rising 1.33% and settling at $3,857. The price continued pushing higher on Friday, rising 1.33% and settling at $3,935. Price action remained positive over the weekend as ETH rose 0.45% on Saturday and 5% on Sunday, reclaiming $4,000 and settling at $4,157. ETH is marginally up during the ongoing session, trading around $4,168. 

Solana (SOL) Price Analysis Solana (SOL) reclaimed $200 on Sunday as price action turned bullish after several macroeconomic developments. The altcoin registered a substantial rally on Thursday and kept the momentum going over the weekend, ultimately claiming $200 on Sunday. SOL is marginally up during the ongoing session, trading around $200 after reaching an intraday high of $205. 

SOL’s impressive rally is facing some headwinds around $200 despite decisively taking the level on Sunday, and reaching $205 during the ongoing session. SOL’s MACD and RSI suggest strong momentum. However, if sellers can sustain the downturn, price action could turn bearish. SOL must reclaim $200 for its bullish momentum to continue. Analyst BitBull stated, 

“What I’m watching next is how Solana holds above $205.42. Sustained closes above this level confirm the rally is real and could open the rally towards $211.78 and $222.27. If buyers manage a weekly close above $222, then the chart’s structure positions the asset for a potential return to the $280 region.”

SOL started the previous weekend in the red, dropping to an intraday low of $174 before settling at $182. The price recovered on Saturday, rising over 3% to $187, and registered a marginal increase on Sunday despite volatility and selling pressure to settle at $188. Buyers retained control on Monday as SOL rose 0.95% to $189. The price reached an intraday high of $197 on Tuesday. However, it lost momentum after reaching this level and dropped by over $2% to $185. Selling pressure persisted on Wednesday as SOL fell over 3% and settled at $180.

Source: TradingView

Despite the overwhelming selling pressure, SOL rallied on Thursday, rising over 6% to reclaim $190 and settle at $191. Buyers retained control on Friday as the price rose 1.16% to $193. Price action remained positive over the weekend as SOL registered a marginal increase on Saturday before rising 3% on Sunday and claiming $200. SOL is marginally down during the ongoing session, trading around $199.

Uniswap (UNI) Price AnalysisUniswap (UNI) started the previous weekend in bearish territory, dropping over 2% to $6.134. Sellers retained control on Saturday as the price fell nearly 2% and settled at $6.024. Positive sentiment returned on Sunday as UNI rose 3.94% to end the weekend at $6.262. The price continued pushing higher on Monday, rising 1.24% and settling at $6.339. Selling pressure returned on Tuesday as UNI fell 1.32% to $6.255. The price continued dropping on Wednesday, falling 3.47% to $6.038.

Source: TradingView

UNI was back in positive territory on Thursday, rising over 4% and settling at $6.308. However, it lost momentum on Friday and fell 1.08% to $6.240. Price action was positive over the weekend as UNI registered a marginal increase on Saturday before rising nearly 7% on Sunday and settling at $6.663. UNI is marginally up during the ongoing session.

Bittensor (TAO) Price AnalysisBittensor (TAO) fell to an intraday low of $342 on Friday (October 17). However, it rebounded from this level to settle at $382, ultimately rising 1.11%. Price action remained positive over the weekend as TAO rose nearly 5% on Saturday and almost 10% on Sunday, crossing $400 and settling at $438. The price surged to an intraday high of $478 on Monday. However, it lost momentum after reaching this level and fell by over 3% to $423. Selling pressure intensified on Tuesday as the price of TAO fell nearly 10%, slipping below $400 and settling at $382. Price action remained bearish on Wednesday as TAO registered a marginal decline.

Source: TradingView

Despite the overwhelming selling pressure, TAO recovered on Thursday, rising almost 2% to $387. The price reached an intraday high of $431 on Friday. However, it lost momentum after reaching this level and settled at $352, ultimately dropping 0.515. Price action was positive over the weekend as TAO rose 2.78% on Saturday and 2% on Sunday to reclaim $400 and settle at $404. The price is marginally down during the ongoing session, trading around $401.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Key Takeaways 
What triggered Pi Network’s 21% surge and breakout above $0.27?
A combination of whale accumulation, surging trading volume, and bullish futures positioning fueled Pi’s strong breakout.

Can PI maintain its momentum and extend the rally toward $0.36?
Sustaining a price above $0.27 is crucial; continued buy-side dominance could drive a push toward the $0.36 resistance zone.

Since early October, Pi Network [PI] has witnessed a dramatic reversal, soaring over 21% in the past 24 hours to trade at $0.25. 

Its market capitalization climbed to $2.08 billion, while trading volume spiked 535% to $61.7 million, signaling a revival in trader activity.

After weeks of consolidation between $0.20 and $0.23, Pi finally broke out of its range, supported by whale accumulation and bullish derivatives flows.

Pi finally breaks the chains as buyers return
Pi’s breakout from a descending channel confirmed a shift in short-term market structure. The altcoin crossed its key resistance at $0.2757, reinforcing bullish sentiment after multiple failed retests of the $0.23 level.

That move aligned with buyers defending higher levels for the first time since September. The next major target sits near $0.3626, matching a prior supply zone.

However, a rejection around this level could pull Pi back toward the $0.23 support range.

Source: TradingView

Derivatives data reveal bullish conviction
Data from Futures Taker CVD showed a strong “taker buy dominant” trend, confirming aggressive long positioning in the Derivatives market. This pattern suggested that traders expected continued upside, supported by a parallel surge in leveraged participation.

The rally also combined expanding Spot Volume with long dominance, implying that conviction—rather than short liquidations—was behind the move.

Even so, a sharp rise in Funding Rates could hint at overheating and slow near-term gains.

Whale orders hint at deep-pocketed accumulation 
Spot Average Order Size data revealed large whale accumulation, confirming that deep-pocketed buyers added positions through the breakout.

The influx of large orders coincided with the surge above $0.23, indicating that accumulation preceded the move.

Furthermore, the rapid growth in trading volume supported the thesis that these large entities were positioning for a potential mid-term recovery. 

Still, a pullback toward lower supports cannot be ruled out if whales begin profit-taking near major resistance levels.

Can Pi sustain this breakout or fade back to consolidation?
Pi’s breakout above $0.27 reflected structural strength from whale activity and long-side dominance. Maintaining momentum above this level will decide whether Pi extends its run toward $0.36 or re-enters consolidation.

If buying pressure remains stable, Pi could build on its recovery from the prolonged downtrend and reestablish a short-term bullish cycle.

As the crypto market turns bullish, the trending perpetual decentralized exchange Aster has revealed a significant update to its VIP Program. Starting on November 3, the platform will make native ASTER ownership the primary factor in determining VIP status requirements.

Bitcoin Cash has burst back into the spotlight with a sharp upward move that is catching traders’ attention. In just one day, the BCH price has climbed 6.64% to $558.91, and in the past week alone, it’s rallied an impressive 16.28%. With the market cap pushing $11.17 billion and 24-hour trading volume spiking 65% to $774.45 million, Bitcoin Cash is showing real momentum. 

What’s behind this comeback? First, fears of a $4 billion Bitcoin and BCH sale have eased now that repayments from the long-awaited Mt. Gox case are delayed until 2026. That has taken a big supply shock off the table for now. Adding fuel to the rally, T. Rowe inclusion of BCH in its crypto ETF filing is being seen as a nod of institutional validation.

BCH Price AnalysisLooking at the charts, Bitcoin Cash price has punched through both the 7-day and 30-day SMAs. It is now standing clear above $497.86 and $536.94. At $558.91, BCH is trading close to its daily peak of $564.25, miles above the session low of $536.57. The RSI14 sits at 58.45, which gives a neutral-to-bullish read. The MACD histogram has turned positive with a +5.82 print, supporting the bullish view.

A rising 24-hour volume, up nearly 66%, confirms that buyers are not just optimistic but also backing their conviction with real capital. Price is currently challenging the 23.6% Fibonacci retracement level at $577.32. This is a critical area, a clear close above $577 could open the door for a move toward the next resistance zone at $615. Contrarily, the $534 support level will be closely watched. Holding above it keeps the uptrend intact, while a break back below could lead to profit-taking.

The current backdrop suggests that traders are eyeing a potential bullish continuation, provided that volume stays high and no negative headlines emerge. With institutional interest growing and technicals aligning, Bitcoin Cash price prediction models are becoming increasingly optimistic for the week ahead. However, markets can turn quickly, so monitoring key levels and adjusting risk is crucial.

FAQsWhat is driving Bitcoin Cash’s latest price rally?

This move is fueled by a mix of positive technical signals, a significant drop in sell-off fears due to the Mt. Gox repayment delay. And growing institutional interest as justified by ETF filings mentioning BCH.

What key levels should BCH traders watch?

Critical resistance sits at $577 and $615. Support is at $534. A close above $577 may trigger further gains, while a slip below $534 could spark selling.

Is the trend for BCH likely to remain bullish?

Momentum is bullish with rising volume and positive MACD. Still, staying above $534 is crucial for the rally to continue. A move below could stall upward momentum.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Bitcoin can reach as high as $136,000 in the near future, one popular crypto analyst has argued. According to the said commentator, the premier digital currency’s price chart is showing noteworthy signs of a major price breakout that will propel it to new heights, overtaking its current All-Time High (ATH) in the process.

The analyst tweeted on X:

“#Bitcoin BREAKING OUT

If confirmed, this breakout could send #BTC toward $136,000 in the not-so-distant future.”

Image Source: X
According to the posted graph, the premier digital currency is making a smart triangle-shaped pattern that is already showing signs of a major price breakout. This particular pattern is useful for predicting a major price increase following a squeeze that witnesses higher lows. 

Advertisement
 

Can Bitcoin Reach $136,000?
Bitcoin is ending October on a slightly optimistic note. The largest cryptocurrency by market capitalization spent most of the month reeling from a major price dump that led to an 8% decline. The altcoin market suffered even worse, shedding roughly a quarter of its value. “Uptober”, as the month is often called, has proved to be a major obstacle in the ongoing bull market, with some users fearing the end of this run is now upon us. Over $18 billion in liquidations occurred in the derivatives market, illustrating just how severe the crash was. 

However, the market has since recovered around 5% of its value and will look to end the month on a relative high so that it can bounce back strongly in November. The entire next week will be absolutely crucial in this regard, as the bears, too, might sense an opportunity to reverse the late price recovery and enter the new month as absolute favorites.

Bitcoin can record a new ATH of $136,000 in the coming weeks, especially given the historic strength of the 11th month. However, we are in uncharted waters once again because October has fared poorly, which has never happened in a net bullish calendar year.

So, the next few weeks are going to be very important. If BTC recovers above $120k, the market will feel optimistic about a move above $130k, and possibly beyond, by the end of the calendar year. If not, the bulls might force a major move back to $100k, and with it, the bulls’ momentum will be broken for the near future.

Strategy, the business intelligence firm led by Bitcoin advocate Michael Saylor, has once again expanded its Bitcoin treasury. According to a filing released on October 27, the company acquired an additional 390 BTC between October 20 and October 26, spending $43.4 million at an average price of $111,117 per Bitcoin.

Bitcoin has often been described as “digital gold” and a hedge against inflation, but according to new research from NYDIG, that narrative doesn't hold up under data. Instead, the world's leading cryptocurrency appears to respond more directly to liquidity trends and movements in the US dollar, acting more like a “liquidity barometer” than an inflation hedge.

TL;DR

Ripple Swell 2025 attracts top financial institutions including BlackRock, JPMorgan, Nasdaq, DBS Bank, MasterCard, and CME Group, signaling accelerating institutional adoption of blockchain.
The event highlights the expanding role of digital assets in global finance and cross-border payments.
BlackRock’s and JPMorgan’s participation emphasizes growing interest from legacy financial powerhouses in tokenization.

Ripple Swell 2025, scheduled for November 4–5, is bringing together some of the world’s largest financial institutions. BlackRock’s involvement underlines the asset manager’s ongoing push into blockchain-based infrastructure, tokenization, and digital asset ETFs. JPMorgan and Nasdaq contribute institutional credibility, drawing on their blockchain research and early adoption of digital custody and financial networks. Together, these participants indicate a strong focus on interoperability and real-world applications of blockchain technology.

The conference will also feature panel discussions, workshops, and live demonstrations, offering attendees an opportunity to explore practical solutions for integrating blockchain at scale. Experts will also discuss emerging regulatory trends and innovative financial products, giving participants insights into the evolving digital finance ecosystem.

Global Financial Titans Highlight Blockchain Adoption
Asia’s DBS Bank brings a growing Eastern perspective with its digital asset trading and custody platforms. MasterCard adds fintech expertise through its crypto partnerships and payment network integrations. CME Group complements the lineup by emphasizing the merging of traditional derivatives with crypto markets, particularly Bitcoin and Ethereum futures. This diverse participation demonstrates how blockchain is increasingly embedded in global financial infrastructure, extending beyond simple payment solutions to liquidity management, tokenization, and CBDC exploration.

Analysts expect the event to spark further collaboration between institutional investors, fintech innovators, and regulators, potentially accelerating adoption timelines across multiple regions. Additional sessions will explore sustainable blockchain solutions and cross-border digital asset flows, highlighting practical benefits for institutions and enterprises worldwide.

Ripple’s strategic positioning as a global infrastructure provider is becoming clearer. With regulatory frameworks improving and institutional adoption accelerating, Swell 2025 is set to showcase the shift from experimental blockchain use to large-scale financial implementation. The event underscores Ripple’s expansion from remittances into broader financial services and infrastructure, while signaling that leading institutions are actively shaping the future of digital finance.

With a lineup including BlackRock, JPMorgan, Nasdaq, MasterCard, CME Group, and DBS Bank, Ripple Swell 2025 is not just another conference. It demonstrates that major financial players are embracing blockchain in meaningful ways, marking a decisive move toward mainstream adoption and positioning Ripple at the forefront of a transforming global financial ecosystem.

XRP nears key $2.70 level after bullish weekly candle, with long-term chart setup echoing its 2017 breakout structure.

XRP is back in focus after printing a bullish weekly candle. At the time of writing, the token trades at $2.62 with a 24-hour volume of $4 billion. It is down slightly on the day but has gained over 5% in the past week.

Meanwhile, the market is watching the $2.70 level, which has acted as a major resistance area.

Weekly Candle Shows Bullish Reversal Pattern
The weekly chart has formed a bullish engulfing candle. This pattern tends to appear after downtrends and suggests that buyers are stepping in. The candle covers the body of the previous red candle entirely, signaling a momentum shift.

Notably, the focus now is $2.70. A clean break and hold above that level may confirm bullish strength. ChartNerd said,

$XRP has printed a weekly bullish close with an engulfing candle 🕯

Breaking above $2.70 and staying above such level is the main objective. A higher low could form if met as resistance 👍

Reversal signals are printing. Great signs for continuation macro. Be prepared 🎒 https://t.co/EdcY9UUsaw pic.twitter.com/FJGlGWLaRn

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) October 27, 2025

Analysts have drawn comparisons to XRP’s price action in 2017. At that time, the token broke above a long-term resistance block after months of consolidation. A similar structure is forming now, according to a multi-year chart.

The price has broken above the same type of resistance block and is holding support from previous accumulation zones. Fibonacci extension levels show long-range targets at $8, $13–$15, and $27. These are based on XRP’s past expansion moves.

You may also like:

Ripple’s XRP Breaks 2-Week High: Here’s Santiment’s Ideal Buy and Sell Timing

Here Are Ripple’s 5 Big Moves Since 2023 and What They Mean for XRP

Ripple-Backed Evernorth Raises Over $1 Billion for Institutional XRP Exposure

Long-Term Accumulation Still in Play
XRP has been trading within a rising channel since January. According to ChartNerd, it recently tested the lower boundary and bounced. That bounce occurred near key trendline support, which has held for over 10 months. This adds weight to the idea of continued accumulation.

Cryptoinsightuk noted,

“XRP has no downside liquidity… at some point price will be pushed higher into the deep areas of liquidity.”

The quote reflects how thin order books below can act as a springboard if demand returns.

Institutional Focus and Broader Sentiment
The market narrative remains mixed. Some traders questioned the strength of the current move due to recent whale activity. Still, data from Santiment shows buying interest picked up after a round of negative social media sentiment, as we reported.

Separately, Ripple also confirmed it has completed its $1.25 billion acquisition of Hidden Road, now rebranded as Ripple Prime. The deal, first announced in April, was finalized last week. It gives the company an entry into the institutional brokerage space.

Moreover, for more on Ripple’s recent strategic actions, read here.

Bitcoin rebounded over the weekend, reclaiming the $115,000 level amid optimism about easing U.S.-China trade tensions ahead of Thursday’s meeting between president Trump and China’s president Xi.

Softer inflation data also boosted expectations of a Fed rate cut, lifting risk appetite across markets.

Despite the sharp price surge, spot ETFs showed muted activity.

Bitcoin ETFs recorded a modest $90.6 million in net inflows, while Ethereum ETFs saw $93.7 million in net outflows on Oct.24.

Total crypto liquidations reached $468.2 million, affecting 121,312 traders, as the CMC Crypto Fear & Greed Index climbed back to "Neutral" (42).

Is Profit-Taking Pressure Building?

Crypto chart analyst Ali Martinez warns that Bitcoin could soon face profit-taking as the TD Sequential indicator flashes a potential sell signal.

Ted Pillows highlighted that Bitcoin has reclaimed the $114,000 support level, noting that a breakout above $118,000 could pave the way for a new all-time high within the next one to two weeks.

CJ remains confident Ethereum will reach new highs this cycle but cautions about a possible false breakout above the local range, which could trigger a rejection back inside it, a scenario less likely if the price closes above $4,525 on the daily chart.

Crypto Rand observes Solana breaking through its local downtrend resistance, emphasizing that consolidation at current levels is crucial, with attention on the key trigger zone around $220.

CryptocurrencyTickerPriceBitcoin(CRYPTO: BTC)$115,455.85Ethereum(CRYPTO: ETH)$4,168.38Solana(CRYPTO: SOL)$200.17XRP(CRYPTO: XRP)$2.62The meme coin market cap rose 2.4% in the past 24 hours to $65.3 billion, moving in line with the broader crypto market.

Chart analyst Martinez identified $0.18 as the key support level for Dogecoin. If bulls manage to defend it, the next potential targets lie at $0.25 and $0.33.

CryptocurrencyTickerPriceDogecoin(CRYPTO: DOGE)$0.2030Shiba Inu(CRYPTO: SHIB)$0.00001044Read Next:

Grant Cardone Weighs Bitcoin, Gold, Real Estate In $7 Trillion Money Market Rotation
Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Oct 27, 2025 at 12:47 // Price

Coinidol.com: Over the past week, Bitcoin Cash has traded above the $440 support level as its upward trend continues. BCH could fall as low as $265 if the $440 support is breached.

Bitcoin Cash price long-term analysis: bearish

The price of Bitcoin Cash (BCH) is rising after reaching a low of $443. The cryptocurrency is trading above the 50-day SMA support but below the 21-day SMA resistance, within the $440 to $560 range.

Currently, BCH is moving towards the 21-day SMA. If buyers push the price above the 21-day SMA barrier, the altcoin could rise to a high of $650. BCH price is currently at $557 and is trading within a narrow range.

BCH indicators reading

Since October 13, BCH has been confined to a narrow range between the moving average lines. Bears attempted to push the price below the 50-day SMA support but were stopped. Buyers are now driving the price above the 21-day SMA barrier. On the 4-hour chart, the moving averages are sloping upwards, indicating an uptrend. The 21-day SMA is above the 50-day SMA, confirming a bullish trend.

BCH/USD weekly chart - September 26, 2025

What is the next direction for BCH/USD?

Bitcoin Cash has started its bullish move above the $450 support level on the 4-hour chart. The cryptocurrency price has broken above the moving average lines and the $510 resistance level. The altcoin is likely to continue rising but may face rejection at the $540 threshold. The crypto signal will be positive if buyers overcome the $540 resistance level.

BCH/USD 4-hour chart - September 26, 2025

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have reclaimed key levels as the broader crypto market rallies, driven by strong technical momentum.

CryptocurrencyTickerPriceMarket Cap7-Day TrendDogecoin(CRYPTO: DOGE)$0.2032$30.8 billion+1.5%Shiba Inu(CRYPTO: SHIB)$0.00001042$6.14 billion+1.8%Pepe(CRYPTO: PEPE)$0.057200$3.03 billion-0.2%Trader Notes: Crypto trader EtherNasyonal observed that Shiba Inu is showing record-low momentum while consolidating in a key demand zone, a setup that often signals accumulation before a breakout.

Trader Shib Knight noted that SHIB and Ethereum (CRYPTO: ETH) are rallying together, emphasizing SHIB's status as the leading meme coin on the Ethereum network. He added that historically, when ETH approaches new all-time highs, SHIB tends to outperform.

Crypto Bully pointed out that Dogecoin remains range-bound, advising traders to stay rational and take profits from range lows.

He suggested watching for a rejection from the volume-weighted average price (VWAP) bands as a potential short-entry opportunity.

Chart analyst Martinez identified $0.18 as a key support level for DOGE, with potential upside targets at $0.25 and $0.33 if bulls defend that zone.

Statistics: According to Shibburn, the SHIB ecosystem burned 7.7 million, 12 million, and 9.4 million SHIB in separate transactions roughly 23 hours ago, marking a 26,492.5% spike in daily burn rate. This surge in token burns increases scarcity, potentially driving prices higher.

On-chain analyst Sweep highlighted a trader who turned an 8,000 SHIB purchase made four years ago into $4.7 billion, still holding over $2 million worth after multiple sales.

Data from Bitinfocharts shows an uptick in Dogecoin addresses holding between 0–100 DOGE over the past week, suggesting a rise in small-holder accumulation.

Read Next: 

Dogecoin Down But Shiba Inu Burn Rate Explodes To 2,300%: What’s Happening?

Image” Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Key NotesThe Madras High Court in India has taken sides with an XRP holder against WazirX.The exchange wants users to absorb a portion of the loss from the $230 million hack.WazirX has resumed operation with an incentive of zero trading fees.
An Indian court has prevented WazirX, the crypto exchange that suffered a breach, from reallocating users’ XRP

XRP
$2.63

24h volatility:
0.4%

Market cap:
$157.47 B

Vol. 24h:
$3.91 B

assets.

According to the Madras High Court, cryptocurrencies are regarded as property, citing fundamental property rights. It also clarified that the customer’s XRP and what was stolen from WazirX are “completely different” digital assets.

Madras High Court Takes Side With XRP Holder
On October 25, an order was delivered by the Madras High Court, stating that WazirX was barred from redistributing 3,532 XRP holdings, which belong to a customer, to absorb the platform losses.

The stash in question is worth roughly $9,400. By this declaration, Justice N. Anand Venkatesh for the court has granted the user “interim protection.”

For context, the Indian crypto exchange is trying to get its users to absorb a portion of the loss that it suffered following a $230 million exploit in July 2024.

This includes even those who do not hold ERC-20 tokens, like the XRP holders. It calls this move a “socialization of losses” in line with its restructuring plan.

Judge Venkatesh hardly spoke against the plan, but he also did not agree that those without ERC-20 tokens should bear any loss.

In his opinion, the plan should not apply to this set of people because the siphoned digital assets were ERC-20 tokens, which are “completely different cryptocurrencies.”

Cryptocurrency Is Affected by Fundamental Property Rights
On the premise that digital assets can be possessed, the Madras High Court noted that they are categorized as property.

Based on fundamental property rights, which the court centered its ruling on, users’ XRP assets should remain theirs. In no instance should it be used to compensate for WazirX’s operational failures.

In addition to taking sides with the XRP holder, the court concluded that he is “entitled to an interim protection” under the country’s Arbitration and Conciliation Act.

Meanwhile, WazirX resumed operations on October 24 after the High Court of Singapore approved its restructuring plan.

To make its relaunch significant, the exchange introduced zero trading fees, which will last for at least 30 days. It is hoping to restore full functionality by October 27.

WazirX founder Nischal Shetty noted that the zero trading fee initiative is aimed at rebuilding confidence. He hopes that users can return to trading freely as the platform reopens.

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, News

Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.

Godfrey Benjamin on X

Crypto analyst CryptosRus has drawn attention to the open interest reset for XRP. The analyst also explained why this development could spark a major price surge for the altcoin. 

XRP’s Open Interest Drops To New Lows
In an X post, CryptosRus revealed that XRP’s open interest on Binance has dropped back to the same lows that were seen in May 2025. The analyst noted that back then, the liquidation flush sparked a massive rally for the altcoin, which pushed it to $3.50. He added that this time around, the open interest is at the floor again, but the price is holding around $2.6. 

CryptosRus stated that this means that leverage is gone while the strong hands are still holding XRP. The analyst predicted that if new liquidity enters, this setup could signal the next leg up for the altcoin. He added that rallies usually start when leverage is low, spot demand is strong, and shorts are trapped. 

Source: Chart from CryptoRus on X
Notably, XRP has witnessed new demand with the launch of the largest XRP treasury company, Evernorth. The company has already accumulated up to $1 billion in XRP with Ripple’s backing and has revealed plans to continue accumulating more, using gains from its DeFi activities. Notably, the company stated that it will purchase XRP on the open market, which is expected to impact the altcoin’s price. 

Meanwhile, the SEC is expected to approve the spot XRP ETFs once the U.S. government shutdown ends. This could drive new liquidity into the altcoin, boosting its price. Moreover, experts such as Canary Capital’s CEO Steven McClurg have predicted that the XRP ETFs could see more inflows in their first month than the Ethereum ETFs did. 

XRP Is Gearing Up For A ‘Face Melting’ Rally
Crypto analyst Ether stated that XRP is quietly gearing up to melt faces and that most aren’t even aware or ready for what is coming. This came as the analyst alluded to an earlier analysis, in which he revealed that a similar scenario from a previous cycle was playing out for the altcoin. 

Ethere stated that XRP’s cyclical structure is showing a striking similarity again. After the altcoin’s rally in 2017, its price was rejected from the 2013 all-time high (ATH) level and then retested the 2014 ATH level, which had previously acted as resistance. XRP then began its parabolic run after it accumulated strength in that range. 

Now, this same XRP price action is playing out again, according to Ether. He noted that after the strong surge in 2024, the altcoin’s price was rejected at the 2017 ATH level and retested the 2021 ATH level, which had previously acted as resistance. The analyst added that the power accumulation phase is now underway in this region and that once it is complete, the next parabolic run will be inevitable. 

At the time of writing, the XRP price is trading at around $2.63, up in the last 24 hours, according to data from CoinMarketCap.

XRP trading at $2.61 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin, the world’s largest and oldest blockchain, is confronting an existential question of how much data should live on its ledger.

A new proposal, Bitcoin Improvement Proposal 444 (BIP-444), seeks to roll back a recent OP_RETURN upgrade that allowed users to attach text, images, and digital signatures to transactions.

Its supporters call it a necessary defense against legal exposure. However, critics say it’s a misguided overreach that could fracture Bitcoin’s open ethos.

BIP 444Bitcoin has endured countless ideological battles from scaling wars to environmental disputes. However, only a few have carried stakes this fundamental.

At the center is Luke Dashjr, one of Bitcoin’s longest-serving developers, who is supporting BIP-444, which wants to roll back the controversial update to the OP_RETURN function. That function, part of Bitcoin’s scripting language, allows users to attach small amounts of metadata to transactions.

Earlier this month, Bitcoin Core 30.0 expanded that capacity from 80 bytes to 100,000 bytes, effectively turning Bitcoin into a limited-purpose data ledger.

Its backers argued that the changes would enable timestamping, document verification, and decentralized authentication, without compromising the flagship digital asset’s monetary integrity.

However, Dashjr and others saw danger in the move.

They argued that the update could let anyone upload arbitrary files, including child sexual abuse material (CSAM), directly onto the blockchain.

They furthered that ordinary users would be exposed to legal risk simply for running Bitcoin’s validating software since every full node must store all valid transactions.

According to the proposal:

“It allows a malicious actor to mine a single transaction with illegal or universally abhorrent content and credibly claim that Bitcoin itself is a system for distributing it, rather than a system that was merely abused.”

Considering this, the proposal urges a temporary one-year soft fork that reduces OP_RETURN capacity to 83 bytes, limits OP_PUSHDATA to 256 bytes, and caps ScriptPubKeys at 34 bytes.

The proposal added:

“By enforcing these new rules, this softfork allows the community to reject the standardization of data storage at the consensus level, closing the gap being abused.”

They argued that this patch would give developers time to “refine less restrictive rules” while preserving Bitcoin’s legal neutrality.

The ideological splitUnlike a hard fork, a soft fork does not split the chain immediately. Instead, it simply changes the rules so that old nodes still accept new blocks as valid. That technical subtlety makes BIP-444 so combustible as it touches consensus without triggering an outright schism.

However, the languages in the proposal have raised critical alarms within the crypto community.

The document warns that rejecting the fork could carry “moral and legal consequences” and that dissenters could “end up forking into an altcoin like Bcash.”

Critics called this language coercive, even authoritarian, in a network that prides itself on voluntary consensus.

Canadian cryptographer Peter Todd mocked the proposal’s logic by publishing a test transaction that embedded the entire text of BIP-444 while still complying with its restrictions.

Meanwhile, others were less diplomatic about their criticism of the proposal.

Alex Thorn, head of research at Galaxy Digital, called the soft fork “an attack on Bitcoin” and “incredibly stupid.”

At the same time, BitMEX Research echoed that sentiment, warning that BIP-444 might incentivize the abuse it hopes to prevent. The firm wrote:

“The BIP 444 proposal is incredibly bad. A bad actor who wants to conduct a double spend attack, could put CSAM onchain to cause a re-org and succed with their attack.”

However, Dashjr rejects those critiques, insisting that the proposal has faced “no technical objections.”

He also doused tensions about a hard fork by describing the proposal as a User-Activated Soft Fork (UASF), meaning adoption would be driven by users, not miners. The developer added:

“The only way there’s a chain split is if miners were to proactively defend CSAM – and that would create CSAMchain.”

How does this impact Bitcoin?The practical risk of the contention OP_RETURN upgrade and this proposal remains uncertain because the v30 update has received significantly less adoption since its launch.

Data from Bitnodes shows that only 6.5% of nodes have upgraded to version 30.0 since launch, suggesting that most operators are watching the drama unfold from a safe distance.

The technical tensions have had little to no impact on Bitcoin’s price this month. Earlier in October, the flagship asset climbed to a new all-time high of over $126,000. Since then, its value has retraced to as low as $104,000 before recovering to around $116,000 as of press time.

The decline can be largely attributed to broader macroeconomic pressures stemming from renewed US-China trade tensions.

However, the philosophical tension is harder to ignore. Bitcoin’s legitimacy rests on its neutrality, which allows anyone to use it, without permission, for any lawful purpose.

Yet as blockchain data becomes more expressive, that neutrality blurs. If a single transaction can expose node operators to prosecution, decentralization could unravel overnight.

Moreover, BIP-444 could be Bitcoin’s first significant consensus-level change since Taproot in 2021.

So, whether it passes or not, the controversy signals a maturing dilemma for Bitcoin governance. It highlights the struggle to balance immutability with accountability in an era when blockchains are increasingly used as permanent data stores.

Mentioned in this article

Pantera Capital investor on Hyperliquid's USDH, Paradigm's Tempo, and the massive potential of stablecoinsThe Block
• October 27, 2025, 7:14AM EDT

UPDATED: October 27, 2025, 7:28AM EDT

Partner offers

The Block may may earn a commission if you use our partner offers, at no extra cost to you.

Quick Take
Pantera Capital Junior Partner Mason Nystrom explains his thesis on stablecoins being the core technology to reinvent fintech rails to be more blockchain native.
Episode 44 of The Crypto Beat was recorded with The Block's Co-Hosts Kelvin Sparks and Tim Copeland, who were joined by Pantera Capital Junior Partner Mason Nystrom.

Listen below, and subscribe to The Crypto Beat on YouTube, Apple, Spotify, Twitch, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected]

In this episode of the Crypto Beat, Tim Copeland and Kelvin Sparks were joined by Mason Nystrom, Junior Partner at Pantera Capital, to discuss how stablecoins could be the tech that transforms fintech rails to be more internet blockchain native, what the Hyperliquid USDH bidding war signals for capturing payment flow, and the tokenization of real-world assets, including collectibles like Pokémon cards.

OUTLINE

00:00 - Introduction

01:44 - Mason's origin in crypto

03:35 - Research vs. VC investing

04:46 - The $1T stablecoin thesis

06:31 - Tempo: Stripe/Paradigm's payments L1

08:55 - Retail upside & neutrality questions

14:18 - Why Stripe self-disrupts

20:12 - Hyperliquid's USDH bidding war

23:43 - RWAs: tokenized collectibles

28:48 - Launchpads & DeFi platformization

33:08 - SocFi: Pump.fun vs. FriendTech

43:59 - Prediction markets & regulation

The Block Newsletters

The Block's newsletters bring you the latest news and analysis of the fast-moving crypto and DeFi markets. To subscribe, visit theblock.co/newsletters

Guest links:

Mason Nystrom - x.com/masonnystrom

Pantera - x.com/PanteraCapital

Are you hiring in crypto?

Use Campus to quickly find your best candidates with our challenging Crypto Assessment Test.

Faster hiring, stronger teams.

Sign up for a trial today: theblock.co/campus

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

AUTHOR Jordan Leech is a podcast producer at The Block. He has worked for several years as a broadcast journalist, camera operator, and producer before aiming to get established working in the crypto industry. Jordan holds a degree in Philosophy and Political Science from the University of Guelph and is an avid photographer and traveller in his free time. See More

WHO WE ARE The Block is a news provider that strives to be the first and final word on digital assets news, research, and data. +
Follow us on Google News

Evernorth Holdings is quickly becoming a major player in the XRP space, moving closer to its $1 billion goal.

Backed by Ripple, SBI, and other top investors, the company’s growing presence has caught the attention of the crypto community and has also sparked speculations of a possible supply shock and long-term impact on XRP’s price.

Evernorth Reaches 95% of Its TargetEvernorth Holdings has now accumulated roughly 388.7 million XRP, valued at over $1 billion at current prices. This places Evernorth among the largest institutional holders of XRP.

Data from XRPSCAN shows that the wallet has received XRP from Uphold, Coinbase, and Gemini. Chris Larsen also confirmed transferring 50 million XRP from his wallet to invest in Evernorth’s treasury deal.

Evernorth is now close to the $1 billion funding mark, with $947.2 million already invested in its treasury. Notably, in just four days, the firm has gained about $46 million in unrealized profits. Cryptoquant analyst notes that its average XRP purchase price sits around $2.44, which could mark a key level for Ripple’s future price action. 

Evernorth Holdings Now Holds 388,710,606.03 XRP, Reaching 95% of its Target

“Their average purchase price sits around $2.44, which could mark a key level for Ripple’s future price action.” – By @JA_Maartun pic.twitter.com/qZmCKs9gk6

— CryptoQuant.com (@cryptoquant_com) October 27, 2025 Strategic Growth Through SPAC Deal and Major InvestorsLast week, it announced its public launch and a business combination agreement with Armada Acquisition Corp II, a publicly traded SPAC. It follows a strategy similar to other digital asset treasuries like TRON Inc.

Evernorth aims to give investors an easy and transparent way to invest in XRP through a publicly traded company. Unlike a passive ETF, it aims to increase XRP holdings per share over time by engaging in institutional lending, liquidity provision, and DeFi yield opportunities.

The deal is led by SBI, Ripple, Rippleworks, and top crypto and fintech investors like Pantera Capital, Kraken, and GSR, and Chris Larsen. 

Analysts Predict an XRP Supply ShockEvernorth’s IPO is expected to raise billions of dollars, which will then be used to buy XRP from the open market. 

Analysts suggest that this would create a major “supply shock”, where the available supply of XRP sharply decreases while demand remains high, which could drive up its price. Moreover, with the potential launch of an XRP ETF, the combined effect could cause a major surge in its value.

Evernorth Drives Record XRP Transfers@XRP_Liquidity, an X account that closely tracks major XRP movements, has noted a significant uptick in Ripple’s activity this month.

According to the account, Ripple typically transfers under 300 million XRP each month to support On-Demand Liquidity (ODL) operations, exchange-traded products (ETPs), and trusts. However, this month’s total is expected to reach around 650 million XRP , which is the highest ever recorded. Notably, Evernorth alone has accounted for 388 million XRP of that total. 

https://xrpscan.com/account/rsT3yYMkuicxW1hYsy787mg5XHhkz2uQRk

XRP is currently trading at $2.66, down 1% in the last 24 hours, but up 5% over the past week. The 24-hour trading volume stands at $3.9 billion, a 20.7% increase from the previous day, indicating a rise in market activity.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Bitcoin, Ether, and other leading cryptocurrencies are currently in the green after recording gains in the last 24 hours. However, Ripple's XRP is the only cryptocurrency in the top 10 to be in the red, as it is down by 1%. XRP has underperformed since hitting a multi-year high of $3.66 in July.

XRP has seen modest buying pressure over the past week, with an analyst suggesting the asset has the potential to reach a record high of $15.

As of press time, XRP’s market cap stood at $156.78 billion, up from $146.17 billion a week ago following an inflow of $10.61 billion. This capital inflow came after a 5.6% weekly gain, pushing XRP’s price to $2.61. In the past 24 hours, however, it dipped 1.16%.

XRP one-week market cap chart. Source: CMC
XRP’s current price movement is influenced by several factors. Traders are taking profits after the token outperformed Bitcoin’s (BTC) 5.31% 30-day return, creating short-term bearish pressure. 

At the same time, upcoming November token unlocks from Ripple’s escrow, about 1 billion tokens monthly, are fueling caution, as they have the potential to trigger sell-offs. 

Additionally, delays on six XRP ETFs by the SEC, partly due to the ongoing government shutdown, have tempered optimism, even as the REX-Osprey ETF has reached $100 million in assets under management.

Despite these challenges, crypto analyst Mikybull Crypto highlighted that XRP may be gearing up for a final expansion phase in its current cycle. 

XRP’s path to $15
In an X post on October 24, the analyst noted that technical indicators suggest the asset might target a price range of $7 to $15. The ascending channel visible in the long-term chart indicates that XRP could see significant growth, especially if bullish momentum continues.

XRP price analysis chart. Source: TradingView
Historically, XRP’s price has followed a consistent upward trajectory since 2014, breaking through several key resistance levels. 

The most recent phase in 2025 shows steady increases, hinting at a possible continuation toward the $7 to $15 range, particularly if market conditions stabilize and demand for XRP-driven products grows.

Based on market cap calculations, the current $156.78 billion valuation, with a circulating supply of 60 billion XRP, places the price around $2.61.

If XRP were to rise to $15, the market cap would reach approximately $900 billion, marking a massive expansion and placing it among the top contenders in the crypto market alongside Bitcoin and Ethereum.

Featured image via Shutterstock

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.

Institutional investors’ interest in altcoins has almost completely wiped out due to the delay in the U.S. SEC’s decision on multiple exchange-traded funds due to the prolonged U.S. government shutdown. A crypto funds flow report revealed massive outflow from altcoins, including Solana, Cardano, Litecoin, and Sui.

Institutions Lose Interest in Solana, Cardano, Litecoin, Sui
Flows in Solana and XRP have cooled in the run-up to the US ETF launches, with $29.4 million and $84.3 million, respectively, CoinShares reported on October 27. This happens as the U.S. SEC missed final decisions on multiple ETFs amid the government shutdown.

Crypto Funds Flows. Source: CoinShares
Early October, Solana broke its weekly record, seeing inflows of $706.5 million. Whereas, XRP saw substantive inflows of $219.4 million. In the previous weekly report CoinShares highlighted $156.1 million inflows into Solana and $73.9 million inflows into XRP, indicating cooling inflows amid no signs of end of the government shutdown.

Cardano saw $0.3 million outflows, reversing from $3.7 million inflows in prior week. Sui saw $8.5 million outflow as compared to $5.9 million inflows in previous week. Altcoins such as Chainlink, Litecoin, among others recorded waning capital inflows from investors amid delays in ETF.

Crypto Funds Record $921 Million in Inflows
Crypto funds saw $921 million in inflows, as investor confidence improved after lower-than-expected US CPI data. Buying in the United States and Germany supported a rise in total assets under management (AuM) to $229.65 billion, with trading volume remained strong with $39 billion.

Bitcoin saw inflows of $931 million to bring the cumulative inflows since the Fed rate cut to $9.4 billion. Investors awaits another 25 bps rate cut this week, which can make markets volatile. BTC price has rebounded above $116K today amid growing optimism on the US-China trade deal.

Meanwhile, Ethereum recorded an outflow of $169 million, the first in 5 weeks. Spot Ethereum ETFs in the U.S. saw consecutive outflows for three days despite a rebound in the crypto market. ETH price bounced above $4,200 but whales began profit booking considering upcoming volatility in the markets.

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.

Mon, 27/10/2025 - 11:34

Ethereum, the second-most-popular cryptocurrency, has outperformed with a 6% increase, driven by momentum, with analysts highlighting a bull flag formation on its charts.

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Ethereum outperformed Bitcoin with a 6% increase, driven by momentum rather than strong new inflows. Ethereum reached an intraday high of $4,254 early Monday as traders rotated into higher-beta assets as the Bitcoin price consolidated.

Ethereum saw a strong surge on Sunday, hinting that its recent price action remains largely momentum-driven, extending its recovery from a low of $3,711 on Oct. 22 into the fifth day.

Ethereum's rise comes amid the broader crypto market recovery, reversing some of the declines that followed this month’s liquidation cascade. At press time, Ethereum traded at $4,171, up 5% daily and 3.70% weekly.

HOT Stories

The rise past $4,000 has pushed the ETH price near key resistance at the daily SMA 50 at $4,236, while analysts outlined the potential of it reaching $5,000 and on-chain data pointed to larger wallets adding it.

In a recent tweet, on-chain data analytics firm Santiment stated that "whales and sharks" holding 100-10,000 ETH have added back roughly one-sixth of the coins they sold between Oct. 5 and Oct. 16, describing that as a sign of improving confidence among larger accounts.

Ethereum bull flag in playJake Wujastyk, an analyst, noted in a tweet that the Ethereum bull flag pattern remains in play, with 2025 bearing similarities to 2020. 

This setup supports a view of a longer road higher, provided resistance gives way and reclaimed levels hold on to subsequent retests.

Short-term resistance en route to $5,000 remains at $4,239, $4,756 and $4,955. On the macroeconomic front, the Federal Reserve will make a decision on interest rates on Oct. 29, which might be a major market mover this week.

On Oct. 28 at 2:53 p.m., Ethereum’s Fusaka hard fork upgrade is expected to launch on the Hoodi testnet.

Related articles

Published
12 minutes ago on
October 27, 2025

It certainly looks as though the baton has passed from gold to Bitcoin. Gold went on an amazing run, making a new all-time high at $4,380, but since making that top, the price fell back to $4,000. In contrast, Bitcoin had been reversing since its own $124,000 all-time high, but is now heading back up. Can Bitcoin’s momentum take it past the previous all-time high against gold?

Gold falls below trendline

Source: TradingView

The short-term time frame chart for gold reveals a topping M pattern, the measured move for which has already been reached when the gold price tapped the $4,000 horizontal support. Now, for the first time, the price is threatening to confirm below the trendline. It will be known at the end of the day whether there is a confirmation, or if the bulls are able to break back above.

Could gold pull back to $3,600?

Source: TradingView

The weekly chart for gold reveals that if the price does confirm below the trendline and then fall through the support, it could fall all the way down to the ascending trendline drawn from the 2011 bull market top. This would take the price down to around $3,600.

It’s not to say that this drop will take place, but if the price does fall and confirm below the horizontal support, what would be an 18% fall from the top would be similar to the reversals in 2020 and 2022.

BTC/XAU bounces strongly from support

Source: TradingView

The Bitcoin/Gold chart in the weekly time frame puts everything into perspective. While Bitcoin has outperformed gold to a ridiculous extent over the last ten years, it has to be accepted that since the beginning of Q2 of 2021 the ratio is still under those 37 ounce highs. That’s more than four years that gold has held its own against Bitcoin.

However, since Bitcoin bottomed against gold at the end of 2022 the trend has generally been up, except for the last couple of months when gold went on its rapid rise to its high.

Once gold put in its top, the BTC/XAU chart flipped back in favour of $BTC. The strong bounce can be seen in the chart above. In order for $BTC to surpass the high against gold the ratio must first make a higher high at around 37 ounces, which corresponds to the two peaks back in 2021. If the 41 ounces all-time high is then surpassed, a macro higher high would be made and Bitcoin would be very much back in the ascendency. The Stochastic RSI indicators for the weekly and 2-week time frames are at their bottoms ready to provide the necessary upside price momentum.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Even with buying slowing, Strategy still holds 3.2% of all Bitcoin.

The company’s once-aggressive Bitcoin accumulation strategy appears to be losing momentum. After making headlines with massive weekly purchases, sometimes exceeding 10,000 BTC and even peaking at 55,500 BTC in late 2024, Strategy’s buying pace has now slowed drastically to around 200 BTC per week.

The largest corporate Bitcoin holder’s deceleration is reflected in its spending as well.

Slower Buys, Same Conviction
In his latest analysis, Crypto analyst ‘Maartunn’ estimated that spending fell from billion-dollar allocations to just $22.1 million spent for 196 BTC last week. Despite the slowdown, 2025 still ranks as Strategy’s second-largest BTC investment year, with $19.53 billion deployed so far, trailing only 2024’s $21.76 billion.

The firm now holds roughly 3.2% of all Bitcoin in circulation. However, tighter capital conditions have started to bite as equity issuance premiums have plummeted from 208% to just 4%, which has made fresh fundraising more challenging.

Meanwhile, MSTR stock is down nearly 50% from its all-time high, while Bitcoin itself trades only 16% below its peak, which has further widened the performance gap between the two assets. Despite this, the company’s share price remains closely correlated with Bitcoin, and Maartunn noted that it often mirrors its moves. Interestingly, Strategy continues to buy near local price highs, most recently acquiring 196 BTC at an average price of $113,000.

Even as the accumulation pace has slowed down, the firm’s unrealized Bitcoin profit still stands at a staggering $23.7 billion. As such, the analyst stated,

“Strategy is no longer buying big – but they’re still buying. Long-term conviction remains, even as funding pressure grows.”

Trillion-Dollar Bitcoin Dream
Though purchases have eased, Strategy co-founder Michael Saylor remains adamant that Bitcoin is at the heart of the firm’s long-term corporate treasury strategy. Speaking at a conference in Prague, the former chief exec said that there is only one way to lose – and that’s not to play the (Bitcoin) game.

You may also like:

New Monday, New Bitcoin Purchase: Strategy Increases Its Holdings to 640,418 BTC

Digital Asset Treasuries Have Accumulated $135B, But DAT Model is Risky: VanEck

MicroStrategy Announces New Bitcoin Buy, Now Holds Over 640,000 BTC

In a separate interview last month, Saylor revealed an ambitious “endgame” to build a trillion-dollar Bitcoin balance sheet and use it to reinvent the global credit system. He said the goal is to accumulate $1 trillion in Bitcoin and grow it by 20-30% annually.

TL;DR:

Bitplanet becomes South Korea’s first public firm to launch a 10,000 BTC treasury strategy.
The company follows strict FSC compliance backed by Metaplanet and Sora Ventures.
Asia strengthens its lead in corporate Bitcoin adoption and institutional accumulation.

South Korea’s Bitplanet has made history with its first Bitcoin treasury purchase, acquiring 93 BTC as part of a $40 million plan to accumulate 10,000 BTC. This marks the first Bitcoin reserve ever created by a publicly listed Korean company, positioning Bitplanet as a trailblazer in Asia’s accelerating wave of corporate crypto adoption.

From IT Legacy to Digital Asset Vanguard
Bitplanet’s strategic transformation signals a radical corporate reinvention. Formerly SGA Co., Ltd., the firm shifted from providing cybersecurity and IT infrastructure to building a regulated Bitcoin treasury model. With annual revenue of ₩75.5 billion ($55 million) and net income of ₩4.7 billion ($3.4 million), Bitplanet demonstrates solid fundamentals as it embarks on this pivot.

Backed by Metaplanet CEO Simon Gerovich and Sora Ventures, the company began daily BTC purchases two weeks prior to its official announcement. Co-CEO Paul Lee highlighted “materially improved” governance and compliance mechanisms aligned with the upcoming Digital Asset Basic Act, which will regulate crypto custody, token issuance, and corporate holdings. By adhering to a stricter interpretation of these rules, Bitplanet aims to become South Korea’s compliance benchmark for digital asset treasuries.

Asia is rapidly emerging as the epicenter of corporate Bitcoin accumulation. Sora Ventures launched a $200 million Bitcoin treasury fund in September with a goal of $1 billion within six months, supporting pioneers such as Japan’s Metaplanet, Hong Kong’s Moon Inc., and now South Korea’s Bitplanet. Japan leads the charge, with Metaplanet’s holdings surpassing 30,000 BTC valued at over $3.5 billion.

Regional institutional appetite continues to grow, with family offices in Singapore and China allocating portions of their portfolios to crypto. As Bitcoin climbs 3.7% this week to $115,200, Bitplanet’s entry amplifies confidence in Bitcoin as a strategic reserve asset, reinforcing Asia’s pivotal role in the next chapter of global corporate adoption.