Bitcoin is trading near $121,550 after failing to hold above its recent peak of $126,272. The market is showing consolidation, with traders split between profit-taking and renewed accumulation. Significantly, derivatives data and spot flows reveal diverging investor sentiment as a veteran trader placed a massive short bet against the top cryptocurrency. Market Consolidation After a
Global central banks have been increasing their gold reserves over the past few years in a trend that may have major implications for Bitcoin, according to a recent report from Deutsche Bank. Gold’s share of central bank reserves reached 24% in the second quarter of the year, its highest share since the 1990s, Deutsche Bank
Following a period of volatility during which it tested both the upside and downside extremes, Bitcoin has now settled between $121,000 and $122,000. This Bitcoin price prediction comes as the market enters a consolidation phase after record-breaking ETF inflows in late September. Despite a minor slowdown, spot Bitcoin ETFs continue to draw substantial investment. Summary
US Secretary of Commerce Howard Lutnick is personally assisting with Tether’s equity fundraise, according to Swan Bitcoin CEO Cory Klippsten. Citing a tip from a national news reporter, Klippsten claims that Lutnick is simultaneously running the Department of Commerce (DOC) and drumming up support for the stablecoin giant’s $20 billion open equity round. On September
Prediction markets, which have gained popularity thanks to global interest in the 2024 US presidential election, continue to increase their cryptocurrency integrations. At this point, Kalshi, the most popular prediction market platform, is also accelerating its cryptocurrency integrations. Kalshi, a US CFTC-regulated prediction platform, integrated Solana (SOL) support in May, allowing users to fund their
Morgan Stanley is expanding its crypto offerings, allowing all clients to have access to digital assets, according to a Friday report. CNBC reported Friday that advisors will be able to offer crypto fund investments to any client as of October 15, including those with retirement accounts. Previously, only high-net-worth individuals could invest in crypto at the
India’s Prime Minister Narendra Modi expressed confidence in the Reserve Bank of India’s digital currency initiative during his address at the Global Fintech Fest 2025 in Mumbai. The Prime Minister stated that the digital currency project will strengthen India’s economic growth story. Modi highlighted India Stack as the foundation of the country’s digital economy during
Online prediction market Kalshi has raised more than $300 million at a $5 billion valuation as prediction markets move into the financial mainstream, according to a report by the New York Times on Friday. The company will now allow users in over 140 countries to place bets, marking its first major international expansion, the article
Leading cryptocurrency Bitcoin (BTC) has been sending investors into a tailspin with recent spikes and dips. While speculation continues to mount about BTC’s future, there’s growing speculation that it may have reached its peak. However, one analyst said that BTC has not yet reached its peak and could reach $180,000 before reaching overbought levels. Eave
This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$121,883.40 bounced back to around $121,500 after dipping below $120,000 late Thursday. Further gains may be difficult to achieve or could prove short-lived for two reasons. First, momentum indicators on short-term charts have turned bearish. On the hourly chart, the