Market Signal Briefing

In brief
Stablecoin network Plasma has meme coins now after entering "mainnet beta" last week.
The Trillions token hit a $60 million market cap on Sunday, before falling sharply.
It references a meme at the foundation of the Plasma thesis, predicting the total stablecoin market cap to be in the trillions of dollars.
A meme coin deployed on the Plasma stablecoin network peaked at a $60 million market capitalization on Sunday. It follows Plasma hitting “mainnet beta” last week, attracting $5.5 billion in total value locked, and its XPL token soaring to a $2.3 billion market cap.

The Trillions token is based on a meme at the core of the Plasma thesis, with the project referencing it as early as December 2024. However, it wasn’t until February 2025 that the meme took off both internally and externally, a Plasma representative told Decrypt before the network hit mainnet.

White House AI and Crypto Czar David Sacks said that stablecoins could create “trillions of dollars of demand for U.S. treasuries,” due to tokens often purchasing treasuries for their reserves. Plasma simply reposted this clip in February saying “trillions,” and it went viral despite the network having a small following at the time. A meme was born.

Plasma is a layer-1 network that’s optimized for stablecoin transactions, such as gasless USDT transfers. However, it is still a permissionless blockchain, meaning that anyone can build on top of it. And, with its “mainnet beta” launch being an apparent success, crypto degens have flocked to the stablecoin network to trade meme coins.

And it’s not only the Trillions token that has hit a market cap in the millions: other Plasma meme coins like Bankless, dog-themed coin Luna, and a Pepe clone have also soared. It appears that most of these coins are being created on the multi-chain launchpad, DyorSwap.

Despite the meme coin buzz, Plasma declined to comment as the project does not endorse meme coins on the chain. However, a Plasma representative previously explained to Decrypt how the trillions meme originated and evolved.

Following Sacks saying “trillions” and the Plasma post going viral, the company decided to embrace the meme. It became a way for Plasma employees to sign off social media posts and hype each other up—akin to the Milady cult signing off posts with “Milady.”

The trillions meme later evolved to also include “pre-trillions,” a Plasma representative previously explained, as a nod to the pre-rich meme that had taken over the crypto community. 

When Plasma entered mainnet beta last week, users celebrating their XPL airdrop on social media adopted the “trillions” kicker. That same day, the Trillions meme coin was created, bubbling below a $10 million market cap before exploding to $60 million on Sunday. It has since plunged to an $18 million market cap, according to DEX Screener.

XPL, Plasma, with an unexpected airdrop of 5 figs to discord community members

Launching before MegaETH and Monad

Trillions

— Loopify 🧙‍♂️ (@Loopifyyy) September 18, 2025

Such a market cap is notable in the current meme coin landscape, with activity in the Solana trenches hitting a six-month low. It comes as crypto traders look to highly leveraged perp futures bets to feed their taste for degenerate trades.

Jokes aside, Plasma believes that the stablecoin industry will grow to be worth trillions of dollars, and hopes to host a sizable chunk of that. Less than a week after its debut, per DefiLlama, Plasma is the fifth-largest network for stablecoins ahead of the likes of Hyperliquid, Aptos, and Base. 

At the time of writing, according to DefiLlama, the total stablecoin market cap is $297 billion, meaning a 236% increase is needed for a trillion-dollar valuation to be achieved.

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Bitcoin price rose for the second consecutive day on Monday, Sept. 29, as traders waited for key details on the U.S. government shutdown, Donald Trump's tariffs, and the closely watched nonfarm payrolls data.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Key takeaways:

Clearer digital asset regulation, highlighted by this week’s high-profile SEC–CFTC roundtable, could strengthen investor confidence.

A temporary resolution of the looming US government shutdown may ease risk aversion and boost Bitcoin price.

Labor market data and Strategic Bitcoin Reserve expectations could fuel renewed momentum toward the $120,000 level.

Bitcoin (BTC) reclaimed the $114,000 mark on Monday, recouping part of the losses from the previous week. Interestingly, this rebound came despite heavy outflows from the spot Bitcoin exchange-traded funds (ETFs), prompting investors to question whether the rally is sustainable and what catalysts might drive Bitcoin toward the $120,000 level.

Spot Bitcoin ETFs daily net flows, USD. Source: Farside InvestorsRoughly $900 million flowed out of US-listed spot Bitcoin ETFs last week, sparking moderate concern among traders, especially as long-term whales sold 3.4 million BTC. According to Glassnode, about 90% of the coins moved showed profit-taking for the third time in this cycle, increasing the likelihood of “a cooling phase ahead.”

SEC-CFTC joint roundtable, US government shutdown and labor market dataThree events scheduled for this week could shift investor sentiment toward Bitcoin, starting with a joint roundtable on digital asset regulation hosted by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). SEC Chair Paul Atkins is set to open the event on Monday.

The event in Washington, D.C., is designed to bring greater regulatory clarity to jurisdictional tests, listings, and exchange oversight. Panelists include Jeff Sprecher, CEO of ICE-NYSE, Adena Friedman, CEO of Nasdaq, and Terry Duffy, CEO of CME Group, along with executives from leading crypto-focused firms and representatives from JPMorgan, Bank of America, and Citadel.

US government shutdown odds for 2025 at Polymarket. Source: PolymarketAnother potential catalyst for Bitcoin’s price is the looming risk of a US government shutdown on Oct. 1. US President Donald Trump has scheduled a meeting with congressional leaders on Monday to try to avert the crisis. Without action from Congress, thousands of federal employees could be furloughed, and numerous services, including small-business grant programs, would be disrupted.

Bitcoin’s price has historically reacted negatively when traders become more risk-averse. About $1.7 trillion in “discretionary” spending that funds agency operations is set to expire at the end of the fiscal year on Tuesday. The House of Representatives narrowly approved a bill on Sept. 19 to fund government agencies through Nov. 21, leaving final approval now in the Senate’s hands.

The next major factor that could unlock a Bitcoin rally to $120,000 is the US job market data, the Federal Reserve’s top focus following core inflation that matched market expectations at 2.9% in August. The US Bureau of Labor Statistics is scheduled to release the JOLTS survey of job openings on Tuesday, followed by the nonfarm payroll report on Friday.

Signs of weakness in the labor market could steer investors toward assets viewed as safer, such as gold and short-term government bonds.

US Strategic Bitcoin Reserves  hopes create a psychological supportAnother reason Bitcoin has managed to hold the $109,000 level is optimism surrounding plans for a United States Strategic Bitcoin Reserve. Jan3 founder Samson Mow recently noted that the Trump administration is “pushing forward” budget-neutral strategies to acquire Bitcoin. Some analysts also highlight the possibility of a reevaluation of the US Treasury’s gold reserves.

Countries with the highest gold reserves. Source: BloombergBy repricing gold’s official value from the $42.22 level set by Congress in 1973, the US Treasury could potentially unlock nearly $1 trillion in credit, though US Treasury Secretary Scott Bessent has dismissed speculation of such a move. Even so, analysts remain confident in the government’s ability to successfully launch a Strategic Bitcoin Reserve in the coming months.

Key drivers that could push Bitcoin above $120,000 include clearer regulation across the digital asset industry, a temporary agreement to avert a looming US government shutdown, and reduced risks reflected in upcoming US job market data. Meanwhile, even the possibility of the US Treasury adding Bitcoin to its reserves provides a psychological support level for the market if those broader events turn unfavorable.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Posted: September 29, 2025

Key Takeaways
Do we know who owns the dormant wallet or why the transfers were made?
No, the identity of the wallet owner and the reason behind the transfers remain unknown. Lookonchain noted that the receiving wallet was initially funded by miners around 15 years ago.

How much has Bitcoin’s value increased since the wallet was first funded?
Bitcoin’s value has surged approximately 830 times over the past 12 years, rising from around $135 to over $111,800 at press time.

A dormant Bitcoin [BTC] wallet, untouched for over a decade, sprang back to life on the 28th of September, moving $44 million worth of BTC for the first time in 12 years.

Whale moves 400 BTC after 12 years
Blockchain analytics platforms Lookonchain and Arkham Intelligence reported that the wallet address “1ArUG…zwaWT” transferred roughly 400 BTC in mostly equal batches of 15 BTC, effectively emptying the long-idle account.

The stash was originally funded by miners 15 years ago, though the identity of the owner remains unknown.

Over the 12-year holding period, Bitcoin’s price has surged roughly 830 times, from $135 to $111,800 at press time.

What are on-chain metrics suggesting?
On-chain metrics provide further insight into these market dynamics.

Coin Days Destroyed (CDD), which weighs older coins more heavily when spent, spiked in recent days, suggesting long-term holders moved or sold assets to realize profits.

Historically, this activity has marked market tops.

Source: Bitbo

However, fresh data pointed to a cooling trend.

CryptoQuant reported that monthly CDD fell from a peak above 1.3 million to around 650,000, below its yearly average. That decline suggested fewer long-term holders (LTHs) were sending coins to exchanges.

Additionally, the Spent Output Profit Ratio (SOPR), which measures the profitability of spent Bitcoin transactions by comparing the selling price to the acquisition price, stood at 1.0053.

Source: Bitbo

Naturally, this indicated that the average profit realized from recent sales was smaller. In fact, on a monthly basis, SOPR fell from 3 (a 200% average profit) to 1.70 (70% profit).

Together, these signals imply that LTH is becoming more patient, potentially reducing immediate downward pressure on Bitcoin and signaling a more stable market outlook in the near term.

Bitcoin’s price action and more
Moreover, Bitcoin continued its choppy trading, slipping slightly to $112,101.08 over the past 24 hours, down just 0.16%, according to CoinMarketCap.

While short-term volatility has given bears some control, technical indicators suggest bullish sentiment remains intact.

The Relative Strength Index (RSI) held above 70, indicating bullish sentiment, though its overbought reading hinted at the risk of a short-term pullback.

Source: TradingView

Has this happened before?
That being said, this was not an isolated event.

On the 17th of September, another dormant whale moved 1,000 BTC valued at $116.8 million, securing massive profits from its original $847,000 purchase.

Adding to the excitement, on the 15th of September, a Satoshi-era whale swapped 35,991 BTC ($4.04 billion) for 886,371 Ethereum [ETH] ($4.07 billion), fueling Ethereum’s strongest third quarter on record.

Together, these developments suggest that while minor corrections may occur, Bitcoin’s broader momentum is poised to favor the bulls.

A leaked report alleging Dashjr backed a Bitcoin hard fork has reignited debate over immutability, censorship resistance, and who governs the protocol.

Summary

leak alleged Dashjr backed a Bitcoin hard fork through a multisignature committee empowered to review and prune blockchain content.
Dashjr dismissed the claims as fabricated and stressed that he had never proposed a hard fork or related mechanism.
Adam Back criticized the idea as moving straight to censorship without safeguards, while Pledditor questioned its absence from formal channels.
The episode revived debate over Bitcoin’s role, whether as a purely financial ledger or a platform where some data can be filtered.

Dashjr rejects Bitcoin hard fork claims
On Sep. 25, a report from independent outlet The Rage set off a wave of discussion across the Bitcoin community. The publication claimed to have obtained private messages belonging to Luke Dashjr, the maintainer of Bitcoin Knots, and presented them as evidence that he was backing a hard fork.

In Bitcoin’s (BTC) terms, a hard fork is a type of upgrade that creates a new chain of rules, breaking compatibility with the existing network.

According to The Rage, Dashjr’s alleged plan centered on the creation of a trusted multisignature committee with authority to retroactively alter the blockchain and review transactions. 

The scope of what qualified as “unacceptable” was broad in the leaked messages. It included material universally condemned, such as child abuse imagery, but reportedly extended further into “non-monetary” uses of the blockchain.

The Rage also claimed to have video proof authenticating the leak, although no independent verification has yet emerged.

The leak gained wide traction because of one line attributed to Dashjr: “either Bitcoin dies or we have to trust someone.” Once circulated on X, the remark was quickly interpreted by many as a direct challenge to Bitcoin’s founding principle of immutability, the idea that once a transaction is confirmed it becomes an unchangeable part of the ledger.

Dashjr rejected the claims outright. In multiple replies on X, he dismissed The Rage’s report as “fake news” and “fabricated nonsense.” 

The truth is I have not proposed a hardfork or anything of the sort, and these bad actors are just grasping at straws to slander me and try to undermine my efforts to save Bitcoin again.

— Luke Dashjr (@LukeDashjr) September 26, 2025

He stressed that he had never proposed such a plan, writing, “The truth is I have not proposed a hardfork or anything of the sort, and these bad actors are just grasping at straws to slander me.” In other posts he reiterated plainly: “There is no hard fork.”

Support also came from within the developer community. Taproot Wizards co-founder Udi Wertheimer described the story as a fake piece and argued that even if the texts were real, they were speculative or presented without context, not evidence of a concrete proposal.

i read the luke dashjr hit piece.

it's wrong. basically the entire article is wrong.

i'm (obviously) not on luke's side, but guys this is just a sloppy low quality propaganda piece.

first of all: sharing private messages is not cool. for many obvious ethical reasons. but one… pic.twitter.com/pHxrHDxhN0

— Udi Wertheimer (@udiWertheimer) September 26, 2025

Committee plan outlined in leaked texts
The leaked messages allegedly described a framework in which a multisignature committee would be empowered to review blockchain content and decide which categories should be removed. 

Examples in the messages included child sexual abuse material, inscription activity such as Ordinals, and other forms of data labeled as “spam.” Once identified, this content would not be preserved on the chain and would instead be replaced with zero-knowledge proofs. 

Zero-knowledge proofs are cryptographic methods that allow verification of a statement without revealing the underlying data. In this case, they would allow nodes to confirm that a transaction remains valid even after its associated content has been pruned.

Today, every full node stores Bitcoin’s entire history from the genesis block up to the latest block. Each node keeps an identical record, allowing the ledger to remain immutable and independently auditable.

The leaked proposal suggested a different setup: nodes could prune flagged content and rely on zero-knowledge proofs to maintain verification continuity. Consensus rules would, in theory, remain mathematically consistent, yet the historical record available to each node would no longer be uniform or complete. 

The timing of the leak coincided with debate over Bitcoin Core version 30, which is changing how OP_RETURN and arbitrary data are handled. 

OP_RETURN is the field that lets users attach extra information to transactions; it has been widely used for inscriptions tied to Ordinals and similar metadata schemes. 

Version 30 removes the long-standing 80-byte default cap in relay and mempool policy, giving node operators more freedom over how much data they accept. That adjustment has reignited arguments over whether Bitcoin should remain a pure monetary ledger or also host broader data.

Against that backdrop, the leaked proposal to prune non-monetary content and replace it with zero-knowledge proofs appeared directly connected to those same concerns, making the story especially charged. 

However, no independent verification of the leaked messages or the claimed video proof has emerged, leaving their authenticity in doubt.

Adam Back warns of censorship risks
The leaked excerpts left important gaps. They did not explain how a proposed committee would be formed, what boundaries would guide its decisions, or how disagreements could be handled. 

It was also unclear whether the system was meant to operate only within Bitcoin Knots or if it was intended as a model that could eventually influence Bitcoin Core itself. 

The lack of detail made it difficult to judge whether the idea amounted to a real proposal or simply private discussion elevated into something larger.

Reactions came quickly. Adam Back, Blockstream’s CEO and a long-time Bitcoin developer, criticized the idea for moving “straight to the censorship tech,” without any discussion of safeguards. 

ugh. far worse than i could've imagined. skipped past slippery slope arguments, @lukedashjr / knots plan is to jump straight to the censorship tech that myself and @csuwildcat were specifically warning about with legal citations from prior internet cases. https://t.co/lhvGscoXVX

— Adam Back (@adam3us) September 25, 2025

Some in the community drew parallels with earlier internal conflicts, describing the dispute as less about block size and more about Bitcoin’s role — whether it should remain a strictly financial ledger or become a platform where certain data can be filtered. 

Supporters of moderation argued that spam and illicit material expose Bitcoin to legal and reputational risk. Opponents countered that pruning any category of data, even if zero-knowledge proofs preserved validity, would mark a break from immutability and censorship resistance.

Skepticism also surfaced about how the story was presented. In a widely shared post, the analyst Pledditor argued that if Dashjr had seriously proposed a hard fork, it would have appeared on formal channels such as the developer mailing list or GitHub. 

He suggested that framing private conversations as formal proposals risked repeating past disputes, where selective excerpts circulated without context.

Past forks show limits of consensus
Bitcoin’s history offers clear precedent for how governance disputes unfold, and each episode has shaped expectations for future proposals.

The most disruptive split came in August 2017 with the creation of Bitcoin Cash (BCH). That fork followed years of debate over block size, with one camp advocating larger blocks to preserve Bitcoin’s use as peer-to-peer cash and another emphasizing SegWit and second-layer solutions for scaling. 

When no agreement held, the chain split. Holders of Bitcoin at the time were credited an equivalent balance of BCH on most major exchanges, forcing wallets, custodians, and miners to handle replay protection, fragmented liquidity, and reputational fallout. 

In time, Bitcoin Cash itself fractured again, most notably into Bitcoin SV (BSV), reinforcing the pattern that when consensus cannot be achieved, forks tend to create entirely new chains rather than upgrades accepted across the board.

Later in 2017, SegWit2x, also known as the New York Agreement, attempted a different path. The plan called for SegWit activation followed by a hard fork to double block size. 

Despite backing from large mining pools and businesses, the initiative was cancelled in November, just before launch, as developers and many node operators resisted what they saw as a rushed, top-down attempt to rewrite rules without broad consensus.

Earlier efforts such as Bitcoin XT and Bitcoin Classic in 2015 and 2016 followed a similar arc. Both clients pushed for aggressive block size increases but failed to gain traction. 

Taken together, these episodes showcase several themes. Contentious hard forks rarely secure unified adoption and often result in lasting splits. Proposals seen as ambiguous, rushed, or lacking broad consultation tend to collapse. 

Above all, legitimacy has proven as important as technical merit: initiatives perceived as serving narrow interests or bypassing open discussion face resistance regardless of their engineering.

These lessons inform how the Dashjr leak is being read. The alleged framework has already been met with skepticism, not only for its substance but also because it surfaced through private messages rather than formal forums. 

History suggests that proposals introduced this way, without open and transparent debate, are unlikely to gain momentum. Bitcoin’s rules may be defined in code, but its endurance depends equally on its social contract, where trust and legitimacy matter as much as technical design.

Bitmine disclosed on Monday that it holds more than 2.65 million ethereum and a combined $11.6 billion in crypto and cash. Bitmine: $11.6B Combined Holdings, 192 Bitcoin, 2.65M ETH, and Cash As of Sept. 28 at 7 p.m.

Despite a slight resurgence witnessed across the broad crypto market today, consistent volatility appears to be watering down institutional interest. 

On Monday, on-chain tracking firm Lookonchain spotted BlackRock returning portions of its Bitcoin and Ethereum holdings to a major crypto exchange.

According to the data, the global asset management firm deposited 49,607.8 ETH and 340.5 BTC to the exchange in less than an hour.

HOT Stories

Sparking debates across the crypto community, the move saw BlackRock transfer Bitcoin and Ethereum worth a combined $244 million into a wallet on Coinbase Prime, hinting at a potential sell-off attempt.

Is BlackRock selling?It is important to note that BlackRock is renowned for relentlessly accumulating Bitcoin and Ethereum, regularly adding to its reserves during both market dips and rallies. However, its latest Bitcoin and Ethereum deposits suggest that the firm may be putting its accumulation strategy on hold.

While this is not the first time BlackRock has been spotted moving some of its crypto holdings to an exchange, the move is unusual and has raised questions given the timing of the transaction.

Although the leading crypto fund has yet to clarify speculations surrounding its latest crypto transfers, market watchers believe that such large-scale transfers to exchanges are key indicators of potential sell-offs.

However, some commentators pointed out that Coinbase Prime serves as the firm’s crypto custodian, meaning the transfers might not signal a sell-off but instead reflect operational or compliance-related reallocation, possibly to meet ETF liquidity requirements.

Regardless of the true intention behind the deposits, given BlackRock’s long-term bullish stance on Bitcoin and Ethereum, enthusiasts are confident the move represents a short-term response to market conditions rather than the end of its accumulation strategy.

While large institutional transfers of this size have historically caused short-term market impacts, BlackRock’s latest activity has yet to affect the trading price of Bitcoin and Ethereum.

Both cryptocurrencies remain in positive territory at the time of writing, with Bitcoin and Ethereum showing daily gains of 4% and 4.24%, respectively.

Stellar rides the bull to tackle monthly heights: SEC withdraws all delay notices, including the XLM ETF submission.

Published:
September 29, 2025 │ 3:41 PM GMT

The altcoin behind the popular Layer-1 chain, Stellar (XLM), just picked up 4.44% gains to surpass $0.37, inching closer to a key resistance level. $0.41 is supposed to set off a wider rebound rally for Stellar (XLM), says seasoned crypto analyst Ali Martinez.

This price level was last touched on September 13, 2025, also hitting a cycle top in August. XLM’s ability to close the day above this level would fuel the $1 target, but for this to happen a couple of factors have to play out for the OG altcoin.

Stellar’s Game-Changer Fuels $1 Campaign For XLMLast month, Stellar Lumens struck a deal with Archax to bring a $24 billion Real World Asset (RWA) market on-chain. Currently, that’s roughly twice the size of XLM coin’s market cap, so holders expect price appreciation if the trading volumes pick up pace.

So far, the daily volumes don’t typically reach $200 million daily in September, while main competition like Ripple (XRP) is seeing billions of dollars a day. Despite this, XLM’s price is 432% up from the cycle low of $0.07, but still 53% away from the all-time pinnacle of $0.7985.

If the altcoin takes any inspiration from Ripple’s coin (XRP), the RWA push could make Stellar Lumens a key player in the cross-border payment field. Moreover, top-tier crypto players, referred to as crypto whales, have shown renewed interest in Stellar (XLM) this month, contrasting from a dim August with the Chaikin Money Flow (CMF) mostly in the red.

Dig into DailyCoin’s popular crypto news:
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People Also Ask:What does the “blast-off” mean?

It highlights a strong upward price movement for Stellar (XLM), sparked by crypto trader Ali Martinez’s recent tweet forecasting XLM to $0.41, tied to a $24 billion Real World Assets (RWA) push, boosting market optimism for cross-border payment adoption.

Why is $0.41 the next stop for XLM?

Analysts, including Martinez, point to technical chart patterns and positive market sentiment, like those hinted at in recent X posts, forecasting $0.41 as a key resistance level before bigger gains.

What’s the $1 moonshot prediction about?

The $1 target reflects long-term optimism, with some forecasts (e.g., CoinCodex) suggesting XLM could hit $0.61 by 2029 if bullish trends continue, fueling the ‘moonshot’ hype.

How can XLM reach these price levels?

Increased adoption by financial institutions, successful ETF developments, or SEC delays clearing (as speculated in X chatter) could drive demand, pushing XLM past $0.41 toward $1.

How to decide if I should invest in XLM?

Research the market, check real-time prices & consider risks like volatility. The blast-off hype is exciting, but timing matters – follow reputable analysts & keep an eye on DailyCoin.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Predictive Oncology (POAI), a biotechnology company specializing in AI-driven cancer research, has announced a $344.4 million digital asset treasury centered on Aethir’s ATH token, marking the first time a Nasdaq-listed company will hold and actively manage tokens from a Decentralized Physical Infrastructure Network (DePIN).

The capital strategy was developed with guidance from DNA Fund, a Web3 investment and advisory company, and BTIG, which served as the placement agent, Predictive Oncology disclosed Monday. It was structured as two concurrent private placements in public equity (PIPEs), combining cash investment with a crypto PIPE involving in-kind contributions of ATH tokens, DNA Fund said in a separate announcement.

The structure allows Predictive Oncology to record tokenized DePIN infrastructure as a balance sheet asset, introducing a hybrid financing model that connects traditional equity markets with decentralized computing networks. The ATH treasury will be tied directly to Aethir’s decentralized GPU infrastructure.

Aethir is a decentralized cloud network that provides GPU infrastructure for AI, high-performance computing and gaming applications. The network uses blockchain technology to coordinate and distribute access to physical compute resources, positioning it as a key participant in the DePIN market.

The network’s native asset, ATH, is currently trading at under $0.06 with a market capitalization of about $2.3 billion, according to CoinMarketCap. ATH’s 24-hour trading volume has increased by more than 330%, likely due to the Predictive Oncology treasury announcement.

Aethir (ATH) token price. Source: CoinMarketCapPredictive Oncology’s blockchain pivot lifts stockPredictive Oncology’s move into decentralized infrastructure drew early attention from investors, with shares surging more than 70% on Monday following the announcement of its digital asset treasury. The rally pushed the stock to its highest level since March.

Predictive Oncology (POIA) stock price. Source: Yahoo FinanceBefore the announcement, Predictive Oncology spent the last two years trading as a penny stock with limited revenue and a history of quarterly losses. The company reported just $2,682 in revenue for the second quarter of 2025 and $110,310 in the first quarter, alongside net losses exceeding $2 million in each period.

In its most recent quarter, Predictive Oncology raised approximately $586,000 through an at-the-market offering facility to help fund operations.

In March, the company sold its Skyline Medical division, which manufactured an automated fluid waste management device used in medical centers, as part of a broader strategy to cut expenses and refocus on AI-driven drug discovery.

Predictive Oncology’s new strategy positions it among a growing group of small-cap and microcap firms pivoting toward digital asset treasury models. In July, the former biotech company 180 Life Sciences rebranded as ETHZilla and announced plans to accumulate Ether (ETH) as a treasury asset.

Other publicly traded companies, including Mill City Ventures (MCVT), Nature’s Miracle (NMHI), Upexi (UPXI), Helius Medical Technologies (HSDT) and AVAX One, formerly AgriFORCE Growing Systems, have made similar moves to integrate crypto assets into their balance sheets.

Analysts at Standard Chartered have cautioned that digital asset treasury companies could face a valuation squeeze as market net asset values (mNAVs), which compare a company’s enterprise value to its crypto holdings, continue to decline.

The largest digital asset treasury (DAT) companies have experienced mNAV compression in recent months. Source: Standard Chartered“We see market saturation as the main driver of recent mNAV compression,” Standard Chartered wrote, referring to the rapid increase in companies adopting digital asset treasury strategies this year.

Coinbase gains momentum with institutional adoption via Caliber, with COIN eyeing $329.26 if bullish sentiment holds. Mawson Infrastructure (MIGI) rises 8.54% as Nasdaq compliance extension supports stability, with potential push above $0.50. Earlyworks (ELWS) secures final Nasdaq extension, sparking volatility as traders weigh financing plans and compliance risks.Last week, crypto markets faced dwindling activity, with global crypto market capitalization slipping by 3% as traders exited to avoid losses.

Despite this slowdown, some crypto stocks remain firmly on investors’ radar, mostly due to institutional adoption and ecosystem developments that could drive renewed momentum. Some of them include COIN, MIGI, and ELWS.

Coinbase (COIN)Sponsored

Coinbase closed Friday’s session at $312.59, up 1.92%. The stock is in focus this week, with institutional adoption news fueling investor sentiment.

On September 23, Caliber, a diversified real estate and digital asset management platform, announced that it chose Coinbase Prime as its institutional trading and custody platform to support its Digital Asset Treasury (DAT) Strategy. 

Through Coinbase Prime, Caliber will access deep liquidity and institutional-grade custody.

If this news continues to fuel buying activity through the week, COIN’s price could strengthen toward $329.26.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

COIN Price Analysis. Source: TradingViewSponsored

On the other hand, if selling pressure mounts, the price risks a retreat below $293.61.

Mawson Infrastructure Group Inc. (MIGI)
MIGI closed Friday’s trading session at $0.50 per share, recording an 8.54% gain for the day. The stock’s positive movement has drawn attention from market participants, particularly as the company recently provided new operational and corporate updates.

In a release dated September 17, the company reaffirmed that it continues to operate normally across its U.S. facilities, with its Midland, Pennsylvania site remaining a core hub supported by long-term site tenure. 

Importantly, the company addressed its Nasdaq listing status, noting that it has engaged advisors and presented a compliance plan to the exchange. Mawson has since secured an extension to regain compliance, allowing it more time to maintain its listing.

Sponsored

Given these updates, if buying momentum builds through the week, the stock has the potential to push above the $0.53 level. 

MIGI Price Analysis. Source: TradingView
Conversely, MIGI could retreat and test support near $0.47 if selling pressure picks up.

Earlyworks Co., Ltd. (ELWS)
Earlyworks’ shares ended Friday’s trading session at $2.63, gaining 8.47%. The strong move puts the stock in focus this week as traders weigh the company’s latest regulatory update.

Sponsored

On September 23, Earlyworks announced that the Nasdaq Hearings Panel granted it a final extension until October 29 to regain compliance with the exchange’s continued listing standards. 

This extension marks the last opportunity for Earlyworks to meet Nasdaq’s requirements. The company is working on equity financing initiatives to regain compliance, but if it fails to do so by the new deadline, its securities will be delisted. 

Given the heightened attention around compliance and financing progress, price action in ELWS could swing sharply.

If buying momentum builds this week, the stock’s price may climb toward $3.16. 

ELWS Price Analysis. Source: TradingView
Conversely, sustained selling could push shares below $1.94.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Key takeaways:

Bitcoin rallied 4.5% in 48 hours, reclaiming $114,000.

A reset in BTC’s open interest points to healthier upside after long de-leveraging.

A CME gap near $111,300 remains a short-term risk to bullish momentum.

Bitcoin (BTC) price rallied 4.5% in less than 48 hours, retesting $114,000 on Monday. The recovery followed last week’s sharp correction between Monday and Saturday, where data indicated the pullback was less about aggressive shorting and more about longs de-leveraging to set up a cleaner base for future upside.

Bitcoin one-day chart. Source: Cointelegraph/TradingViewBetween Sept. 21 and Sept. 27, Bitcoin slipped to $109,500 from $115,600, a 5.3% decline alongside a 6.2% drop in futures open interest (OI) to $39.9 billion from $42.6 billion. The 30-day correlation between price and OI tightened to +0.46, signaling longs were trimming exposure rather than shorts forcing the move. Such resets often clear excess leverage, paving the way for healthier rallies.

Spot market dynamics are also turning favorable. Buyers continued to dominate centralized exchanges, with net 30-day flows in negative territory at around 170,000 BTC, meaning more coins are leaving exchanges than entering. This pattern is often seen as a sign of accumulation and reduced sell-side pressure.

Bitcoin 30-day net flow. Source: Axel Adler Jr./XMeanwhile, Crypto market researcher Dom pointed out that the immediate target could be above $115,000. The analyst said, 

“The liquidation divergence has played out pretty well. Spot books remain thin up until ~$115K on Binance. Thin books = easier to move price. Still need the bulls to stay aggressive to get there.”Funding rates have cooled into a neutral range, removing the risk of cascading long squeezes and instead supporting a gradual rebuild of leverage. However, there is a lack of cohesion between the aggregated spot cumulative volume delta (CVD) and OI.

Spot CVD has remained largely flat during Monday’s rally, and OI is gradually increasing. The price action could welcome late spot bids if the price stabilizes above $113,000, setting the stage for the much-anticipated “Uptober” rally.

Bitcoin price, aggregated open interest, spot CVD, and funding rate. Source: CoinalyzeCME gap risk remains in play near $111,300Despite Bitcoin’s breakout above $114,000, derivatives traders could be watching a CME gap that remains unfilled between $111,300 and $110,900. CME gaps occur when Bitcoin futures on the Chicago Mercantile Exchange close for the weekend and reopen at a different price level, leaving a visible void on charts. Historically, BTC has shown a strong tendency to revisit these levels, with every gap since June being fully closed.

This suggested a short-term pullback toward the $111,000 zone cannot be ruled out before the recovery rally extends higher. The CME gap also coincides with a fair value gap, and a drop to $111,000 would also sweep the internal liquidity block between $112,300 and $111,400.

Bitcoin one-hour chart. Source: Cointelegraph/TradingViewThus, a short-term dip near these levels remains in play over the next few days. An immediate bullish invalidation would be a strong daily close above $115,000, which may reduce the probability of a drop to $111,000.

While historical trends emphasize that CME gap fills are not guaranteed, its recent 100% closure rate makes it an important technical factor for traders assessing near-term risks within Bitcoin’s broader bullish Q4 outlook. 

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

XRP witnessed significant inflows of over $93 million as digital asset investment products tied to the cryptocurrency bucked the trend that hit top coins last week.

Summary

XRP recorded inflows of $93 million as digital asset investment products tied to the altcoin attracted investors.
The anticipation around upcoming ETF approvals has helped the surge in inflows.
XRP saw significant volumes when the REX-Osprey XRP ETF launched.

As crypto exchange-traded products recorded a total of $812 million in outflows this past week, XRP digital asset investment products attracted inflows.

Crypto asset manager CoinShares reported on Sept. 29 that the global digital-asset ETP market recorded outflows as investor sentiment around Federal Reserve interest-rate cuts took a slight bump amid stronger-than-anticipated U.S. macroeconomic data.

However, as Bitcoin (BTC) saw $719 million in outflows over the week, with price also dipping to under $109,000, XRP (XRP) recorded the second most inflows with its $93 million behind Solana (SOL) with $291 million. 

Both Solana and XRP, the cryptocurrency by Ripple, stood out in terms of inflows amid increased anticipation around exchange-traded funds, CoinShares noted. Investor expectations for a regulatory nod for an XRP ETF have increased in recent weeks, with the market witnessing a significant milestone with the launch of the REX-Osprey XRPR ETF.

As the ETF, filed under the U.S. Securities and Exchange Commission Act of 1940, notched record volumes on the debut day, analysts pointed to approaching deadlines for a SEC decision for top crypto spot ETFs for XRP, Solana, Litecoin and Dogecoin.

Is XRP ETFs set for approval? Check SEC’s generic listing rules
This anticipation rose as the SEC approved proposed rule changes for generic listing standards for ETPs offering spot exposure to commodities, digital assets included.

Approval means exchanges can now list spot ETFs that meet set generic listing rules “without first submitting a proposed rule change to the Commission.”

On Sept. 29, the SEC reportedly asked ETF issuers to withdraw their 19b-4 filings for various ETFs, signaling simplified rules were in action. With XRP among the tokens with futures on exchanges for the past six months, anticipation is that the SEC can greenlight XRP spot ETFs at any time.

FalconX, an institutional-focused digital-asset prime brokerage, has launched a new over-the-counter options product for cryptocurrencies, with 24/7 availability for Bitcoin, Ethereum, Solana, and Hyperliquid.

Summary

FalconX has launched a crypto options trading platform for institutional investors.
The Electronic Options platform offers 24/7 trading for over-the-counter options tied to Bitcoin, Ethereum, Solana and Hyperliquid.
FalconX plans to expand supported coins beyond BTC, ETH, SOL and HYPE.

The FalconX Electronic Options platform leverages the speed and scalability of electronic execution for over-the-counter crypto options trading. FalconX will allow institutional investors to execute crypto options strategies around the clock, with the solution aimed at an OTC market that brings institutional-grade liquidity and access to options for top cryptocurrencies.

According to a news release, the launch initially supports Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Hyperliquid (HYPE). 

Crypto options market sees demand
FalcoinX’s options move comes as market players look to tap into growing demand for crypto investment opportunities, buoyed by regulatory support and market maturity. This means crypto options, which have traditionally seen limited traction amid market fragmentation and lack of broader exchange access, will be available to a greater number of investors. 

Hedging, managed leverage, and volatility trading drive the appetite for crypto options, and data show volumes on platforms like Deribit have climbed to over $850 billion year to date. As FalconX notes in its announcement, most of the traction for crypto options has come from market makers, hedge funds, venture capital funds, and crypto mining firms.

“The options market is the next major frontier in institutional crypto. We built this platform to address the longstanding challenges of fragmented liquidity and lack of round-the-clock access. With FalconX Electronic Options, clients get the same execution quality our OTC desk is known for – now in a format designed for scale, distribution, and true 24/7 access,” said Josh Lim, global co-head of markets, FalconX.

Alongside BTC, ETH, SOL, and HYPE, FalconX plans to expand the offering to more altcoins.

Michael Saylor’s Bitcoin treasury firm, Strategy, spent $22.1 million to acquire 196 BTC last week at an average price of $113,048 per coin, according to a Monday 8-K filing with the U.S. Securities and Exchange Commission.

Strategy Continues Building Bitcoin Stockpile
Strategy, which began acquiring Bitcoin in 2020, now maintains a Bitcoin treasury of 640,031 BTC, valued at a whopping $72.6 billion at the time of writing, which is more than ten times the size of the next-largest treasury held by Bitcoin miner MARA. 

Strategy’s total stockpile was purchased for a total cost of $47 billion, or at an overall average price of $73,983. Other publicly traded companies that have built Bitcoin treasuries also include Semler Scientific, Metaplanet, GameStop, and Tesla.

Bitcoin is trading just above $113,400, after retreating from its August record high of around $124,128, according to crypto data provider CoinGecko. The top asset has gained a meagre 0.5% over the past week.

To fund its latest acquisition, the Tysons Corner, Virginia-based company, formerly known as MicroStrategy, used proceeds from its STRF preferred stock offering, perpetual STRD preferred stock, and its existing $21 billion MSTR common stock offering. 

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As has become routine, Saylor gave his usual hint at the probability of another Bitcoin purchase filing before the official announcement, sharing an update on Strategy’s BTC acquisition tracker on Sunday, positing, “Always ₿e Stacking.”

Meanwhile, shares of the Bitcoin giant have slumped significantly after a blockbuster year.

In a recent post on X, Maartunn, a community analyst at on-chain analytics platform CryptoQuant, highlighted MSTR’s recent drop to $300, its lowest level in six months. Maartunn described the decline to levels last seen in April as a “painful move for the biggest corporate Bitcoin holder.”

Despite the drawdowns, MSTR is still up 2,300% in this bull market, Strategy bull Julius recently observed on X.

According to reports from Egrag Crypto, a statistical model now being applied to XRP points to a wide range of possible outcomes — from a modest climb to an extreme rally.

The coin is trading near $2.86 and has fallen about 2% over the past week, which the firm says sits it near an important junction on a long-term trend line.

Let’s check these numbers: a monthly linear regression plotted on a logarithmic scale, with an R-squared of 0.847. That figure is being used to argue that the model explains roughly 80% of past price movement.

Monthly Regression Model On Log Scale
Egrag’s model is statistical and simple in form, but it is plotted in a way traders often use to read long-term cycles. According to Egrag, XRP has touched the upper limit of that regression channel on three separate occasions, and those past touches inform the present forecast.

#XRP – Hit, Miss, or Over Shoot? ( $27, $18 Or $200)💡

The chart below is based on the monthly time frame and reflects our analysis of hits, misses, and overshoots using linear regression on a log scale. This analysis is grounded in a 2-standard deviation model.

Key Info -… pic.twitter.com/x6M7gEx5Jg

— EGRAG CRYPTO (@egragcrypto) August 27, 2025

In one cycle, XRP overshot the channel by 570% during the 2017–2018 run. In contrast, the 2021 peak landed about 45% below the same boundary.

Those past outcomes are being translated into three possible paths for the current phase: a standard hit to $27; a repeat of the 2021 shortfall to about $18; or an extreme overshoot that would push the price toward $200.

Three Potential Price Paths
The math makes the scale of those options clear. Moving from $2.86 to $18 would mean a rise of about 530%. A leap to $200 would imply a gain of roughly 6,890%. At $200, XRP’s market capitalization would sit near $12 trillion under current supply assumptions; a $27 level would imply a market cap north of $1.6 trillion.

Those headline numbers have prompted sharp pushback online, with critics calling the most ambitious forecasts unrealistic given current adoption and liquidity conditions.

XRPUSD trading at $2.86 on the 24-hour chart: TradingView
Crypto Expert’s View Placed In Context
Meanwhile, market observers have pointed to XRP’s unusual longevity. Vandell Aljarrah, co-founder of Black Swan Capitalist, reminded readers that XRP traded around $0.00589 in August 2013 and still ranks among the larger tokens today at about $2.78 in recent posts.

XRP traded at just $0.00589 in August 2013.

10 years later, still a top-10 asset at $2.78.

Most tokens die within a cycle.

This kind of resilience doesn’t happen by accident.

Assets that survive this long don’t disappear, they usually compound. That’s called staying power.

— Vandell | Black Swan Capitalist (@vandell33) September 27, 2025

Reports of that long track record are being used to argue that XRP has a level of staying power many other projects lack. That history does not prove future gains, but it does add a practical footnote when weighing bold forecasts against plain skepticism.

Possible Outcomes And Market Reality
The range from $18 to $200 captures both conservative and extreme views. Based on the regression, EGRAG treats the mid and lower outcomes as the more likely of the three, while the $200 case is cast as a best-case overshoot that would depend on factors far beyond the model itself.

Featured image from Meta, chart from TradingView

On September 29, 2025, Bitcoin's price hovers around $112,256, propelling its market capitalization to an impressive $2.23 trillion. This surge in valuation underscores the cryptocurrency's dominant role in the digital currency ecosystem.

Digital asset wealth platform Nexo has launched a risk-based Anti-Scam Engine that flags suspicious transfers in real time and, in high-risk cases, can briefly pause transactions to protect clients. Nexo Upgrades Fraud Defense With Intelligence-Backed Screening In a release shared with Bitcoin.

Bonk price is holding at a critical support region, with price action attempting to establish a double-bottom reversal. Reclaiming the point of control could trigger a bullish rally of more than 100%.

Summary

Daily support aligns with the point of control, forming a pivotal reversal zone.
Bollinger Bands indicate oversold conditions, favoring a bounce.
Breakout above POC could activate double bottom and target 100%+ gains.

After a prolonged corrective phase, Bonk (BONK) is testing a key support zone that aligns with major technical confluences. Price action is showing signs of forming a potential double-bottom reversal pattern, a structure that could restore bullish momentum.

Bonk could see a rebound as large holders accumulate 80 billion tokens, adding further weight to the bullish setup. The structure is reinforced by both volume-profile dynamics and oversold signals from the Bollinger Bands, giving bulls a chance to reclaim higher levels if momentum builds.

Bonk price key technical points

Daily support aligning with the point of control.
Confluence with Bollinger Bands’ lower band highlights oversold conditions.
Double bottom activation requires a reclaim of the point of control on a closing basis.

BONKUSDT (1D) Chart, Source: TradingVoew
Bonk’s current trading behavior highlights the importance of its ongoing battle at daily support. Price has respected this level over several sessions, suggesting that buyers are stepping in to defend it. This support lies just below the point of control (POC), a major volume node that now acts as immediate resistance. For the double-bottom reversal pattern to activate, a closing reclaim of the POC is essential.

The technical setup becomes even more compelling when factoring in the Bollinger Bands. The lower band is extended and now overlapping with daily support, reinforcing the probability of oversold conditions. Historically, such conditions have preceded strong reversals, especially when combined with classical charting patterns like the double bottom.

A rotation toward the next daily resistance, positioned below the previous swing high, could result in a substantial upside move. Analysts note that a breakout here may yield gains exceeding 100%, provided the reversal structure is confirmed. This aligns with the broader principle that double-bottom formations often mark significant trend shifts, particularly when accompanied by a surge in volume.

The role of volume cannot be overstated. For the reversal to carry weight, bullish volume nodes must support the move. Without meaningful inflows, attempts to reclaim the POC may fail, leaving Bonk vulnerable to extended consolidation or deeper downside. However, the emergence of buying interest at current levels provides early signs that bulls are preparing for another push.

Adding to this, Safety Shot has established Bonk Holdings as part of its strategy to expand and manage its treasury, further reinforcing confidence in the token’s long-term positioning.

What to expect in the coming price action
If Bonk successfully reclaims the POC on a closing basis, the double-bottom formation will be activated, signaling the potential for a major bullish rally. This could drive price toward daily resistance and beyond, establishing a broader recovery.

Failure to reclaim the POC, however, would keep the reversal incomplete and risk prolonging the corrective phase.

A sharp rally which began late in the weekend continued into U.S. Monday morning trading hours, with bitcoin (BTC) re-taking the $114,000 after having tumbled below $109,000 last Friday.

Cardano (ADA) is currently navigating a period of consolidation as the broader crypto market experiences heightened volatility. Despite recent declines, sentiment around ADA remains cautiously optimistic, with analysts pointing to adoption trends, smart contract growth, and strong community support as potential drivers for a rally toward $10.

Rising prices triggered significant forced closures as bearish traders struggled to keep pace with renewed momentum.

Key Takeaways

Approximately $226 million in Bitcoin and Ethereum shorts were liquidated within a 24-hour period due to price surges.
Ethereum shorts contributed $137.9 million to the total liquidations, occurring as ETH accelerated higher.

Bitcoin and Ethereum short positions worth around $226 million were liquidated in a 24-hour period today as both cryptocurrencies surged higher.

The liquidations highlight intense volatility in crypto markets as traders betting against price increases faced forced closures of their positions. Bitcoin, the leading cryptocurrency, and Ethereum, the second-largest digital asset, drove the majority of the liquidation activity.

Ethereum shorts alone accounted for $137.9 million in liquidations during the 24-hour period. The forced closures occurred as both cryptocurrencies extended gains, creating additional upward momentum.

Broader market data shows over $330 million in short positions were wiped out across all cryptocurrencies as bearish traders faced margin calls amid the price rally.

Disclaimer

Charles Edwards, founder and CEO of Capriole Investments, has issued his starkest warning yet on quantum computing, arguing that Bitcoin must migrate to post-quantum signatures on an accelerated timeline or face existential risk later this decade. “We need to upgrade Bitcoin to be Quantum proof next year. 2026. Otherwise we are fucked,” Edwards wrote on X early Monday, escalating a series of posts in which he contends “Q-Day is this decade.”

Could Bitcoin Crash To $0?
Edwards’ thesis hinges on the rapid compression of resource estimates required to run Shor’s algorithm against Bitcoin’s elliptic-curve digital signatures (ECDSA/Schnorr on secp256k1). Pushing back at skeptics who “handwave Quantum as being 20+ years away,” he argued that only “~2,000 logical qubits” may be sufficient to break ECC-256 within a practical time window, placing a credible attack in “2–6 years.” In a separate exchange he framed the stakes bluntly: “Do you want $1M Bitcoin in 5 years, or $0?”

Edwards’ timeline closely tracks a fresh line of research and industry messaging from Pierre-Luc Dallaire-Démers, founder of Pauli Group, a startup focused on quantum-resistant money. In an August research preprint and public thread, Dallaire-Démers and co-authors introduced graded ECDLP challenges on Bitcoin’s curve and, after translating logical circuits to physical costs across several error-corrected architectures, placed “cryptanalytically relevant” ECC-256 attacks in a “roughly 2027–2033” window—emphasizing wide error bars and sensitivity to hardware assumptions.

Pauli Group summarized the upshot plainly: “The first attack on 256-bit ECC will plausibly happen between 2027–2033.” The firm also provocatively stated via X: “PQC BTC will go to $1M+ by 2030. ECC BTC won’t.”

The core risk vector is well-established: once a Bitcoin address reveals its public key on-chain—by spending from it or by using legacy formats that expose the key outright—a sufficiently powerful quantum computer running Shor’s algorithm could, in principle, derive the private key quickly enough to steal funds.

Security researchers and industry teams note that coins in already-exposed keys are the first in line, while coins still sitting behind hashed (unrevealed) public keys are safer until they move. Several analyses estimate that a non-trivial share of outstanding BTC resides in exposed-key outputs, including early “pay-to-pubkey” era coins often associated with Satoshi. Edwards leaned into that tail risk, claiming “Satoshi’s coins will be market dumped” absent a migration.

Not everyone agrees on the clock speed. Some conservative estimates still point to millions of error-corrected qubits for practical, fast ECDSA breaks, and standards bodies have published transition guidance that implicitly assumes a longer runway.

In late 2024, material circulated in the NIST/PQ ecosystem sketched migrations away from vulnerable algorithms by roughly 2035—a horizon many security engineers view as realistic for broad IT systems, even if niche breakthroughs arrive sooner. The spread between the “thousands” versus “millions” of logical qubits camps reflects fast-evolving algorithmic optimizations, differing error-correction models, and varied assumptions about gate speeds and code distances.

Notably, Edwards is taking the message to TOKEN2049 this week, where he is slated to present “DOUBLE THREAT: Quantum & the Treasury Bubble” on Wednesday, October 1 at 10:45 a.m. local time—positioning quantum compromise and a growing “Bitcoin Treasury Bubble” as the two dominant downside risks for BTC over the next cycle.

At press time, BTC traded at $112,150.

BTC recovers above key support, 1-day chart | Source: BTCUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

Government shutdown threat could delay jobs data Bitcoin traders need to predict Fed rate cuts, spiking crypto volatility this week.

There is no obvious reason behind the move.

Since yesterday afternoon, Bitcoin (BTC 3.32%), the world's largest cryptocurrency, traded 4.2% higher, as of 11:16 a.m. ET today. There is no obvious reason behind the move, but a few different things could be driving it.

How a government shutdown could impact crypto
According to data from blockchain trackers, some large whale investors have moved in recently and bought up Bitcoin, reversing some of the liquidations seen last week.

Image source: Getty Images.

But the bigger event potentially impacting Bitcoin and the broader crypto market is the possibility of a U.S. government shutdown. Lawmakers have until tomorrow to further fund the government and avoid a shutdown that would close certain parts of the government and create a big disruption.

Democrats are seeking to tie further federal funding to continuing tax credits associated with Obamacare that are set to expire by year-end. Meanwhile, President Trump and the Republicans have vowed broad layoffs of government workers if a shutdown occurs, setting up a showdown.

While a shutdown could stall certain crypto initiatives, Bitcoin launched in the wake of the Great Recession. People were fed up with the mainstream financial system and sought alternatives. So when shutdowns or other events that adversely affect the mainstream financial system occur, investors can buy Bitcoin essentially as a hedge.

All eyes on the deadline
Continuing to fund the government has become extremely political over the years, and shutdowns have actually happened on several occasions. The longest government shut down started in 2018 and lasted 34 days, so while they do happen, they don't last very long, primarily because they can be bad for both parties politically and hurt the economy.

A shutdown could turn into a good near-term catalyst for Bitcoin. However, Bitcoin is one of the few tokens I think investors can buy and hold long term, so I would focus more on the long-term trajectory of Bitcoin and less on trying to trade this event.

Bram Berkowitz has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.