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The price performance of Bitcoin over the past two weeks has been a major source of concern, as the coin’s value continues to drift away (about 15% down now) from its all-time high. As the flagship cryptocurrency slows down, the latest on-chain data suggests that a group of investors is exiting the market en masse. More Short-Term Holders Are Giving Up Their Holdings In an October 18 post on the X platform, on-chain analyst Darkfost revealed that a significant number of Bitcoin’s short-term investors have started to close their positions and realize their losses. Darkfost’s analysis was hinged on the Net Realized Profit/Loss metric, which tracks the net amount (in USD) of profits or losses that are realized on-chain. This metric measures the net profit or loss on a daily basis, averaged, in this case, over seven days. It provides insight into whether more investors are selling at losses or with their heads still above water.. According to the crypto pundit, the realized losses of BTC investors have surged to an approximate level as high as $750 million per day, one of the highest levels this current cycle has seen. Interestingly, Darkfost explained that the magnitude of these capitulation events stands easily comparable to those seen during the 2024 summer correction. What’s worth noting about this capitulation phase is what may likely follow. According to the analyst, events like this usually precede local bottoms. What this means is that after short-term holders (known as the “weak hands”) have surrendered their holdings to the more-confident long-term holders (the “diamond hands”), the cryptocurrency stands a chance of seeing a price rebound — an expectation in congruence with historical trends. However, on the more cautious side, Darkfost offered a subtle warning that the dreary opposite could also be the case in a situation where the market stands at an early bearish phase. Bitcoin Whales Might Be Accumulating Again Supporting the positive redistribution theory, a Quicktake post on the CryptoQuant platform by Abramchart offers a glimmer of hope for Bitcoin market participants. Referencing the Inflows To Accumulation Addresses (Dynamic Cohort) metric, the analyst highlighted a significant inflow of more than 26,500 BTC into whale accumulation wallets. When large amounts of Bitcoin — such as this magnitude — are moved, it usually signals an underlying institutional or whale accumulation, as coins are typically transferred from exchanges to these wallets for long-term holding. Following historical patterns, it is very likely that this accumulation event will precede a continued bullish expansion of the flagship cryptocurrency. As Abramchart explained, this trend all serves as a hint that smart money is “quietly buying the dip.” As of this writing, Bitcoin holds a valuation of about $106,870, with no significant movement seen over the past 24 hours.

The EUR/USD pair finds itself at a crossroads amid conflicting fundamental signals. For the past two weeks, buyers have repeatedly attempted to settle the price in the 1.17 area, while sellers have defended the 1.15 zone. However, the pair has finished the past two Fridays near the middle of this range—levels like 1.1622 and 1.1653—essentially hovering within a broad channel, reacting only to strong news impulses without committing to a clear directional move. The cause? A contradictory flow of information—a bearish one offsets every bullish factor. For example, last week Jerome Powell pressured the dollar with dovish rhetoric, while Donald Trump supported the greenback by announcing new trade talks with China. Although trade negotiations shouldn't technically offset the Fed's monetary easing process, the market treats them as competing narratives. Traders shift their sentiment easily—from Fed dovishness to Trump's trade optimism. Just yesterday, the dollar was the market's underdog. Now, it's suddenly a favorite again—despite the Fed maintaining its soft stance and ultra-dovish expectations continuing to grow. Is the dollar's recent strength justified? In my opinion, no. If only because Trump has changed his posture on China several times in a single month—oscillating between escalation threats and peacemaking statements. Additionally, real policy actions point toward ongoing trade tensions. Last week's mutual increase in port duties by both China and the U.S. remains in effect. On October 14, China imposed sanctions on several U.S. shipbuilding companies, including five subsidiaries of Hanwha Shipping. Another sign of heightened confrontation: China broke the fragile trade truce by announcing new restrictions on the export of rare-earth minerals. If these rules take effect on December 1, companies wishing to export minerals from China will not only need government approval but also must disclose intended usage. These materials play a key role in manufacturing advanced tech, including military equipment like U.S. fighter jets. Beijing has made it clear that licenses will only be granted if the minerals are destined for civilian purposes. With its near-monopoly on the supply of rare-earth elements, China has raised the stakes ahead of the upcoming talks. Given this strong bargaining chip, it's unlikely Beijing would accept tariff rollbacks alone as a compromise. Therefore, Trump is unlikely to conduct these negotiations easily. In other words, the prospect of de-escalation between China and the U.S. depends not on Washington's gestures, but on Beijing's—and so far, China has not taken any visible steps in that direction, although it publicly maintains that its doors are open to dialogue. All of this suggests that Trump will likely shift from diplomacy to aggression again soon, putting new pressure on the dollar, primarily since other fundamental factors also work against it. As mentioned earlier, dovish market expectations continue to intensify. By the end of last week, the probability of the Fed cutting rates by 25 basis points in October rose to 100%. The odds of another cut in December increased to 94%. Traders now even assign a 6% chance of a 50-point rate cut in December and a 50/50 chance of one more rate cut in January. This spike in dovish sentiment followed recent comments by Fed officials. Powell emphasized signs of labor market cooling and essentially previewed an upcoming rate cut. His colleagues, Christopher Waller and Stephen Miran, also voiced support for further monetary easing—Miran advocating for a 50-basis-point rate cut as early as the October meeting. These dovish expectations could either strengthen or weaken in the coming week, depending on Friday's CPI report. The U.S. Consumer Price Index for September is expected to show an acceleration to 3.1% year-over-year (from 2.9%), while core inflation is forecast to remain steady at 3.1%. If the report meets or exceeds expectations, the odds of a December rate cut may decline—and the dollar could gain broader support. Conversely, if the data falls short, "dovish" expectations will intensify, and the greenback may resume its decline. Over the past two weeks, EUR/USD has been trading within a wide range between 1.1550 and 1.1730 (Bollinger Bands lower boundary and the Kijun-sen line on D1). In my view, the pair is likely to remain in this corridor, reacting impulsively to new market signals. A breakout will require synchronized movement in key fundamental drivers. For example, if Trump returns to aggressive rhetoric against China while U.S. inflation slows, buyers may attempt to push EUR/USD past the 1.1730 target. Alternatively, if China takes conciliatory steps while U.S. inflation comes in hotter than expected, sellers may pull the pair back toward the 1.15 zone. With high uncertainty still in play, the coming week could finally tip the balance and help EUR/USD traders determine the vector of the next major price move. The material has been provided by InstaForex Company - www.instaforex.com

The U.S. economic calendar remains limited due to the ongoing government shutdown. As a result, political developments will take center stage in the coming week. Chief among them is the ongoing budget standoff between Democrats and Republicans—though at the moment, it's clear that there are no real negotiations taking place. Donald Trump's team shows no desire to reach a compromise with the opposition, instead applying pressure by threatening mass layoffs of government employees and shutting down key programs initiated by Democrats. In essence, Trump remains true to form—avoiding compromise and continuing to issue ultimatums. Over the weekend, new mass protests erupted across the United States in opposition to Trump's policies. In several cities, the demonstrations escalated into violent clashes with police. Social tensions are rising sharply within the U.S. Meanwhile, tensions are also escalating between the U.S. and China. Trump has pledged to raise tariffs on Chinese imports if Beijing doesn't scale back its tightening of rare-earth export controls. So far, China has not reversed its course. Trump has since walked back parts of his threat—but officially, the tariff decision still stands. From an economic data standpoint, the coming week offers only a few notable reports. Among them are existing home sales, inflation figures, business activity indexes, and the University of Michigan Consumer Sentiment Index. Clearly, the most important of these will be the Consumer Price Index (CPI). Inflation in the U.S. is expected to climb to 3.1% in September. If confirmed, this could lend noticeable support to the U.S. dollar by reducing the likelihood of a dovish monetary policy path from the Federal Reserve. Wave Analysis of EUR/USD:Based on the current wave analysis, EUR/USD continues to build a bullish segment of the trend. The wave structure remains heavily influenced by news flows, particularly related to Trump's decisions and the internal and external policies of the new White House administration. The target zone for this trend could extend toward the 1.25 area. At present, the market appears to be forming corrective wave 4, which is nearing completion. This structure is particularly long and complex, but still fits the overall bullish trend shape. Consequently, I continue to view buying opportunities as more favorable. By year-end, I expect the euro to rise to 1.2245, which corresponds to the 200.0% Fibonacci level. Wave Analysis of GBP/USD:The wave structure of GBP/USD has shifted. The pair remains within a bullish impulse wave, but the internal layout has become more complex. Wave 4 is developing into a three-wave corrective pattern that is significantly longer than wave 2. The most recent downward three-wave correction appears to be complete. If confirmed, the upward movement within the global wave structure is likely to resume. Initial targets remain at 1.3800 and 1.4000. As always, price action should be confirmed by technical signals and key levels, but these wave structures provide a broader framework for medium-term trend direction. Key Principles of This Wave Analysis:Wave structures should be simple and understandable. Complicated structures are difficult to trade and are more likely to shift.If there is uncertainty about market conditions, it is better to stay out.There is never absolute certainty in market direction. Always use stop-loss orders.Wave analysis can and should be combined with other tools and trading strategies for a comprehensive approach.The material has been provided by InstaForex Company - www.instaforex.com

The upcoming U.K. economic data will be relatively scarce, but one report in particular could lend significant support to the British pound. On Wednesday, the Consumer Price Index (CPI) for September will be published. As highlighted in recent commentary, inflation in the U.K. has been running nearly double the Bank of England's (BoE) target for some time now—and next week it could officially surpass that benchmark twofold. Annual CPI is expected to rise by another 0.2%, reaching 4.0% year-over-year. Core inflation may increase to 3.7%. This single report could lead the BoE to abandon any remaining plans for a rate cut before year-end. Though some economists still expect one more round of monetary easing due to rising unemployment and a cooling labor market, the case for holding rates—or even taking a more cautious stance—is growing stronger. Inflation in the U.K. has been rising steadily for more than a year. Therefore, there is no seasonal spike or short-term reaction to external shocks such as the trade war. It is a sustained trend. If the BoE continues to ease policy in this environment, inflation could climb to 5–6%, which would be highly problematic. Aside from the CPI report, the week's other notable events include the retail sales report and the release of manufacturing and services PMI figures on Friday. As of now, there are no forecasts available for the PMI numbers. Retail sales are expected to show a month-over-month decline. In my view, only the inflation report deserves close attention at this moment. In the U.S., there will be very few data releases due to the ongoing government shutdown. Throughout 2025, it has primarily been U.S. events and data driving market movement. Now, key reports are delayed by the shutdown, which shifts the market's focus to political and geopolitical developments. The U.S. dollar is currently contending with a wide range of challenges. As soon as the market fully prices in these risks, demand for the dollar is likely to weaken again. Wave Analysis of EUR/USD:Based on the current wave analysis, EUR/USD continues to build a bullish segment of the trend. The wave structure remains heavily influenced by news flows, particularly related to Trump's decisions and the internal and external policies of the new White House administration. The target zone for this trend could extend toward the 1.25 area. At present, the market appears to be forming corrective wave 4, which is nearing completion. This structure is particularly long and complex, but still fits the overall bullish trend shape. Consequently, I continue to view buying opportunities as more favorable. By year-end, I expect the euro to rise to 1.2245, which corresponds to the 200.0% Fibonacci level. Wave Analysis of GBP/USD:The wave structure of GBP/USD has shifted. The pair remains within a bullish impulse wave, but the internal layout has become more complex. Wave 4 is developing into a three-wave corrective pattern that is significantly longer than wave 2. The most recent downward three-wave correction appears to be complete. If confirmed, the upward movement within the global wave structure is likely to resume. Initial targets remain at 1.3800 and 1.4000. As always, price action should be confirmed by technical signals and key levels, but these wave structures provide a broader framework for medium-term trend direction. Key Principles of This Wave Analysis:Wave structures should be simple and understandable. Complicated structures are difficult to trade and are more likely to shift.If there is uncertainty about market conditions, it is better to stay out.There is never absolute certainty in market direction. Always use stop-loss orders.Wave analysis can and should be combined with other tools and trading strategies for a comprehensive approach.The material has been provided by InstaForex Company - www.instaforex.com

The upcoming week is unlikely to be notable or significant for the euro. Throughout 2025, the euro has simply been drifting with the tide. The dominant driver of the market remains the U.S. dollar—it's the dollar that rises or falls, while other currencies largely move in response. At present, there is a great deal of uncertainty in the foreign exchange market. Wave structure analysis continues to show nothing more than corrective three-wave patterns that provide little clarity, as any corrective structure can extend or evolve at any moment. Currently, a downward three-wave pattern has formed, which could indicate the beginning of an upward mirror structure. However, confidence in such a scenario is low. The key issue is that the market has more than enough reasons to continue selling off the U.S. dollar—but it hasn't been doing so for several weeks. Consequently, if the news flow isn't materially influencing investor sentiment, euro weakness may persist. In the eurozone next week, the most notable events will be two speeches from Christine Lagarde and the release of the October purchasing managers' indexes (PMIs) for the services and manufacturing sectors. It's unlikely that Lagarde will present any new, meaningful developments, though Friday's slightly hotter-than-expected inflation reading might prompt her to comment. But what would that mean for the euro? In essence, not much. The European Central Bank has already ended its rate-cutting cycle, and higher inflation makes further easing even less likely. On the other hand, there's still no reason to consider tightening—too little time has passed, and the rise in inflation remains modest. Thus, the PMIs released on Friday will likely be the most relevant reports of the week, but no dramatic surprises are expected. As a result, no major market moves are anticipated either. Wave Analysis of EUR/USD:Based on the current wave analysis, EUR/USD continues to build a bullish segment of the trend. The wave structure remains heavily influenced by news flows, particularly related to Trump's decisions and the internal and external policies of the new White House administration. The target zone for this trend could extend toward the 1.25 area. At present, the market appears to be forming corrective wave 4, which is nearing completion. This structure is particularly long and complex, but still fits the overall bullish trend shape. Consequently, I continue to view buying opportunities as more favorable. By year-end, I expect the euro to rise to 1.2245, which corresponds to the 200.0% Fibonacci level. Wave Analysis of GBP/USD:The wave structure of GBP/USD has shifted. The pair remains within a bullish impulse wave, but the internal layout has become more complex. Wave 4 is developing into a three-wave corrective pattern that is significantly longer than wave 2. The most recent downward three-wave correction appears to be complete. If confirmed, the upward movement within the global wave structure is likely to resume. Initial targets remain at 1.3800 and 1.4000. As always, price action should be confirmed by technical signals and key levels, but these wave structures provide a broader framework for medium-term trend direction. Key Principles of This Wave Analysis:Wave structures should be simple and understandable. Complicated structures are difficult to trade and are more likely to shift.If there is uncertainty about market conditions, it is better to stay out.There is never absolute certainty in market direction. Always use stop-loss orders.Wave analysis can and should be combined with other tools and trading strategies for a comprehensive approach.The material has been provided by InstaForex Company - www.instaforex.com

Saturday, October 18, a new wave of protests swept across the United States. Millions of Americans took to the streets in cities across the country under the slogan "No kings," demonstrating against the policies of President Donald Trump. In the ninth month of what Trump calls "the greatest presidency in history"—the one that has supposedly "ended nine wars" and "restored the U.S. economy"—many Americans believe democracy has been destroyed, and that Trump is laying the foundations of a new autocratic regime. Protesters voiced opposition to the political persecution of Trump's opponents, as well as the militarization of immigration enforcement, an effort that increasingly involves federal troops and the National Guard. In response to the protests—which began as peaceful demonstrations—Trump has deployed even more troops to American cities. But peace was short-lived. As of this morning, the protests have escalated into mass unrest and violent street clashes. Police are firing at demonstrators (hopefully with rubber bullets), and tear gas has been deployed. This marks the third major wave of demonstrations since Trump returned to office. Americans are fiercely criticizing his actions, arguing that his governance undermines the integrity of both Congress and the judiciary. Despite the national turmoil, Trump spent the night attending a charity gala at one of his private clubs, where entry cost $1 million per ticket. This is not the first instance in which Trump has monetized personal face time with attendees, selling seats at his table for hundreds of thousands of dollars. It's also worth noting the scale of public opposition. The first major anti-Trump protest, which was also aimed at Elon Musk—who had become entangled in Trump's administration—occurred at 1,300 locations. The second demonstration took place at 2,100 sites. Yesterday's protests expanded to 2,700 different venues across the country. All this leads to one clear conclusion: America is rising up against Trump, his authoritarian methods, and his imperial ambitions. Americans want to live in a country where democracy isn't an empty word and where the president doesn't break the law with impunity, week after week. The people's protests are understandable—they are demanding the restoration of lawful, democratic governance. If blame is to be placed, it rests with the voters' own decision one year ago. Trump didn't take office by force. Many were dissatisfied with the perceived indecisiveness of Joe Biden. So now, they have something new—a version of "fun" that the nation is unlikely to forget for decades to come. Wave Analysis of EUR/USD:Based on the current wave analysis, EUR/USD continues to build a bullish segment of the trend. The wave structure remains heavily influenced by news flows, particularly related to Trump's decisions and the internal and external policies of the new White House administration. The target zone for this trend could extend toward the 1.25 area. At present, the market appears to be forming corrective wave 4, which is nearing completion. This structure is particularly long and complex, but still fits the overall bullish trend shape. Consequently, I continue to view buying opportunities as more favorable. By year-end, I expect the euro to rise to 1.2245, which corresponds to the 200.0% Fibonacci level. Wave Analysis of GBP/USD:The wave structure of GBP/USD has shifted. The pair remains within a bullish impulse wave, but the internal layout has become more complex. Wave 4 is developing into a three-wave corrective pattern that is significantly longer than wave 2. The most recent downward three-wave correction appears to be complete. If confirmed, the upward movement within the global wave structure is likely to resume. Initial targets remain at 1.3800 and 1.4000. As always, price action should be confirmed by technical signals and key levels, but these wave structures provide a broader framework for medium-term trend direction. Key Principles of This Wave Analysis:Wave structures should be simple and understandable. Complicated structures are difficult to trade and are more likely to shift.If there is uncertainty about market conditions, it is better to stay out.There is never absolute certainty in market direction. Always use stop-loss orders.Wave analysis can and should be combined with other tools and trading strategies for a comprehensive approach.The material has been provided by InstaForex Company - www.instaforex.com

At times, it feels as though Donald Trump is acting like a foreign agent with one objective—to accelerate the collapse of the United States from within. Of course, such a claim sounds absurd, given that Trump is an American citizen and owns numerous businesses across the country. But then one is left to conclude only one thing: Trump truly sees himself as the King of the United States and believes he can rule the nation unilaterally—rendering irrelevant the democratic norms that once defined American governance. American democracy, many now argue, died with Trump's second term. The Democratic Party suffered a resounding loss in the last election and no longer controls either chamber of Congress. As a result, it fails in its fundamental role as the opposition and now takes part in virtually none of the major decisions being made in Washington. One of the few instances where Democrats were able to have a say was during negotiations over the federal budget for the next fiscal year—a process that has triggered a new government shutdown. It's worth recalling that passing most laws requires a simple majority in Congress—half of the members plus one vote. Since the Republican Party holds the majority in both chambers, it has been able to pass most legislation unopposed. However, in the case of budgetary laws, a 60% vote is required in the Senate—something Trump and the Republicans currently do not have. As a result, the U.S. government and its agencies have now entered their third consecutive week of paralysis. Trump, meanwhile, continues playing golf unbothered. And while Republicans can legislate without Democrats, Trump also takes matters into his own hands—even enacting decisions that contradict the U.S. Constitution. Example: The president does not have the authority to impose global tariffs. Not even under the Emergency Powers Act of 1974. Two U.S. courts have ruled as such—yet the tariffs still stand, as the courts didn't strike them down. Whether this new approach to trade policy is lawful will now be decided by the U.S. Supreme Court in early November, where six out of the nine justices were appointed by Republican presidents. If the court rules in favor of the tariffs, it will mark yet another blow to American democracy. And the trade war is just one piece of the puzzle. Trump has tried to fire Federal Reserve officials—Jerome Powell among them—even though he has no authority to do so. He's attempted to resolve the immigration crisis and silence protests against his administration by ordering active-duty military troops into U.S. cities. Protests, by the way, began back in the summer on Trump's birthday—June 14—and have only grown in size and momentum ever since. Wave Structure Outlook for EUR/USDBased on the current wave structure analysis, EUR/USD continues to build a bullish wave segment. The wave composition remains entirely dependent on the news cycle—specifically, decisions from Trump and developments in U.S. foreign and domestic policy. The target for this wave segment could stretch as far as the 1.2500 area. At the moment, what we see is the construction of corrective wave 4. It appears to be nearing completion, although it is forming as an unusually complex and extended pattern. Therefore, I believe that holding bullish positions is more advantageous. By year-end, I expect the euro to move toward the 1.2245 level, which corresponds to the 200.0% Fibonacci. Wave Structure Outlook for GBP/USDThe wave structure of GBP/USD has evolved. We are still dealing with a bullish, impulsive segment of the overall trend, but its internal wave structure is becoming more complex. Wave 4 is forming as a three-wave correction and appears much more extended than wave 2. The latest corrective three-wave pullback is presumably complete. If this assumption is correct, the upward movement within the broader wave structure is likely to resume. The initial targets would be in the 1.3800 to 1.4000 region. Key Principles of This Wave Analysis:Wave structures should be simple and understandable. Complicated structures are difficult to trade and are more likely to shift.If there is uncertainty about market conditions, it is better to stay out.There is never absolute certainty in market direction. Always use stop-loss orders.Wave analysis can and should be combined with other tools and trading strategies for a comprehensive approach.The material has been provided by InstaForex Company - www.instaforex.com

XRP has shown some signs of recovery over the past 48 hours, climbing about 5.3 % from its recent low, according to on-chain analytics platform Santiment. The rebound comes as investor confidence appears to be returning, as it coincides with a steady rise in mid to large-sized XRP holders. Particularly, on-chain data shows that the XRP ecosystem now has more than 317,500 wallets holding at least 10,000 XRP tokens for the first time in its history. Mid To Large XRP Holders Reach Record 317,500 Wallets Despite XRP’s recent price woes alongside the rest of the crypto market, on-chain data shows that XRP’s holder base is increasing among crypto investors. Notably, Santiment’s latest data shows that the number of XRP wallets holding at least 10,000 tokens has reached an all-time high of approximately 317,500. Santiment’s data chart, as shown below, indicates that XRP’s network has added approximately 1.8% more wallets holding 10,000 or more tokens in just the last thirty days. Interestingly, Santiment’s data further shows that the upward slope of this metric has been consistent throughout 2025. The increase in mid-sized and large wallet count shows that many XRP investors are not concerned about the recent price dips. Instead, many of them are taking advantage of lower prices to strengthen their holdings. As such, a growing segment of investors are buying XRP for long-term gains rather than short-term price action. XRP, which is currently hovering around the $2.35 range, may benefit from this growing base of committed holders in the long term. Its price trajectory now depends on its ability to sustain momentum above $2.3. If the bullish on-chain sentiment translates into consistent buy pressure, XRP could extend its rebound and target at least $2.8 before the end of the week. However, if momentum stalls, the price may enter another downward phase before an upward move. Nonetheless, the record growth in wallets holding over 10,000 XRP provides a strong long-term foundation that may support the cryptocurrency’s value in the coming weeks. Number of 10K+ XRP Wallets. Source: Santiment Ripple’s Acquisition Of GTreasury Adds Institutional Momentum Ripple Labs, the company behind XRP, recently announced the acquisition of GTreasury for $1 billion, making this its third-biggest deal in 2025. The deal will bring GTreasury’s treasury-management software, used by global corporations to manage liquidity, cash forecasting, payments and risk, into Ripple’s infrastructure suite. GTreasury serves over 1,000 customers across about 160 countries and has more than 40 years’ experience in corporate treasury operations. The move gives Ripple immediate access to the multi-trillion-dollar corporate treasury market and large enterprise clients previously outside its direct reach. There are also reports that Ripple is planning to raise $1 billion to build an XRP treasury. At the time of writing, XRP was trading at $2.35. Featured image from Unsplash, chart from TradingView

The price of Ethereum appears to be recovering nicely over the weekend after a period of investor uncertainty. The “king of altcoins”, following what looked like an aggressive return above the $4,200 level earlier this week, is now lagging under the psychological $4,000 mark. While the Ethereum price has been building some positive momentum over the past day, the shadows of the October 10 downturn still seem to be weighing on investor sentiment. A market phenomenon known as the “Kimchi Premium” suggests a few tedious weeks ahead for the second-largest cryptocurrency. What Happened Last Time Kimchi Premium Saw A Similar Surge In a recent post on the social media platform X, market analyst CryptoOnchain revealed that the Kimchi Premium has been on the rise over the past weeks. This observation is based on the movement of the on-chain indicator Korea Premium Index, which measures the price difference between South Korean exchanges and other global exchanges. This metric, or the “Kimchi Premium,” shows how much extra Korean traders are willing to pay for a particular cryptocurrency (Ethereum, in this case). When the index is positive, it means that Korean retailers are willing to pay a premium for the crypto assets. Meanwhile, a negative Korean Premium Index signals that the retailers are only willing to buy the cryptocurrency at a discount. According to CryptoOnchain, the Korea Premium Index for Ethereum recently saw a notable surge to around 8.2%, its second-highest level this year. The market analyst noted that this level of Kimchi Premium is a troubling sign, as it historically suggests extreme retail FOMO (Fear of Missing Out) and a potential price top. Typically, whales tend to take advantage of the price gap by selling on Korean exchanges when the Korea Premium Index is on the rise. Due to increased selling pressure, the Ethereum price now faces a greater risk of correction. For instance, the last time ETH saw a Kimchi Premium this high was in January, coinciding with the price fall to around $1,500. With this in mind, investors might want to tread with caution, as the odds of a sustained downward trend are significantly higher. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $3,875, reflecting no significant change in the past 24 hours. In what was expected to be a bullish period for the cryptocurrency market, “Uptober” has not particularly lived up to the expectations of investors. After a positive start to the month, the Ethereum price is currently down by almost 10%.

A well-known crypto analyst is urging investors to rethink the old trade of gold for Bitcoin, calling current market signals a rare buying window. According to CryptoQuant author Joao Wedson, a set of bottom signals in the BTC/Gold ratio are flashing, and that could mark a turning point in how the two assets move against each other. Rare Signals Point Toward Bitcoin Wedson’s chart shows two tags — one blue and one green — that line up with a normalized oscillator he says is at a low. According to him, the blue tag marks a bottom in the BTC/Gold ratio while the green tag appears when both indicators reach lows together. When that has happened before, it often came at times of steep Bitcoin drops and big swings in market mood. According to Wedson, today is a “historic opportunity” and that investors should now “trade gold for Bitcoin.” Arthur Hayes, the former BitMEX CEO, has echoed a similar view: “We’re exactly there right now,” he said, calling the setup one of the most compelling in recent years. The message from both analysts is clear: look closely at this moment. Bitcoin Seen At A Deep Value Zone Other market watchers find Bitcoin trading two standard deviations below its ideal range. This type of reading has in the past lined up with accumulation phases, not market tops. Based on CoinMarketCap data, BTC was trading near $107,400 at press time and had risen 0.45% in the previous 24 hours. Year-to-date gains stood at 15%, and Bitcoin had gained nearly 55% over the last year. Those figures were cited to show that the currency has already moved a lot this year, but that some measures still point to cheaper-than-usual levels. Institutional Shifts May Be Underway Wedson specifically urged institutional players who have been buying up gold to rethink allocations. The BTC/Gold ratio has long been used as a gauge of confidence between the two stores of value. When it hits a bottom, some market cycles have followed with Bitcoin regaining ground quickly and, in some cases, moving toward fresh highs within months. This is the historical pattern his signal is tied to. Some of the language used by analysts was blunt; the oscillator was described as “basically screaming: time to sell gold and buy Bitcoin,” a phrase that underlines how strong the signal appears to those calling it. Retail Losses Hit Billions While the ratio story points to upside, a separate disclosure shows a different risk for ordinary investors. Reports from 10X Research say retail buyers lost around $17 billion after piling into public Bitcoin treasury firms that traded at premiums. Those companies — including MicroStrategy (now Strategy) and Metaplanet — issued shares and used the cash to buy Bitcoin, but the equity premiums collapsed as Bitcoin’s run slowed. The report added that investors overpaid by about $20 billion in inflated equity premiums, leaving many with losses while insiders and executives benefited earlier in the move. Featured image from Unsplash, chart from TradingView

NextSource Materials’ (TSX: NEXT) graphite mining operations in southern Madagascar have not been impacted by the ongoing political situation, and shipments of its graphite products are proceeding as planned, the company confirmed. The East African nation is currently in political turmoil following a military takeover that ousted President Andry Rajoelina. The upheaval began with youth-led protests against economic hardship and corruption, which were then joined by an elite military unit, leading to Rajoelina’s impeachment and flight from the country. According to NextSource, mining and processing activities at its Molo mine are continuing under normal conditions, and its regular campaign production and logistics are both on schedule. The company’s trademarked SuperFlake graphite products are also being shipped to international customers form the port of Tulear without disruption, it added. “NextSource maintains close engagement with community stakeholders to ensure continued collaboration and stability around its operations,” the company stated in a press release, adding that it will continue to monitor the events in Antananarivo, Madagascar’s capital city. Located 900 km away in southern Madagascar, the Molo mine represents one of the world’s largest and highest quality graphite deposits, with over 100 million tonnes in measured and indicated resources grading approximately 6.3% graphitic carbon. The mine, which came online two years ago, currently produces high-quality graphite concentrate with a fixed carbon content between 94-97%. While it has an initial production capacity of 17,000 tonnes per annum, plans are underway for an industry-scale expansion that would see its capacity increase over tenfold. Shares of NextSource plunged 8.9% at Friday’s close amid a market-wide selloff. The Canadian miner has a market capitalization of C$75.8 million ($54 million).

A $450M plan to build a 450-foot statue of Prometheus on Alcatraz Island has been pitched by Ross Calvin, a Bitcoin mining entrepreneur, marking one of the most ambitious monument proposals in recent memory. According to Bloomberg, the concept formally titled The Great Colossus of Prometheus on Alcatraz would feature a towering nickel-bronze sculpture and a high-tech museum dedicated to innovation and entrepreneurship. The project’s estimated height would surpass that of the Statue of Liberty, standing as a symbol of “human triumph” and the spirit of self-sovereignty that crypto advocates often reference. Alcatraz, once a notorious federal prison and now part of the US National Park System, would require special federal authorization for any construction. The island’s protected status means the plan faces long odds and multiple layers of review before any groundwork could begin. DISCOVER: 16+ New and Upcoming Binance Listings in 2025 Why Is a Bitcoin Miner Proposing a $450M Statue on Alcatraz? Calvin, CEO of the Bitcoin mining firm Parhelion and founder of the nonprofit American Colossus Foundation, said the group intends to present a formal proposal with detailed renderings and engineering plans to federal officials by January. Early drafts describe the structure as a “beacon of optimism,” merging art, technology, and myth in a single monumental statement. The timing of the pitch is striking. It lands in a year when crypto wealth and political influence are becoming increasingly intertwined in the United States. From campaign donations to tech-backed policy pushes, blockchain money is emerging as a force in Washington. Against that backdrop, a massive statue celebrating Prometheus, the mythic figure who brought fire to humanity, feels like both a cultural and political message. If built, the Prometheus statue would redefine San Francisco’s skyline and potentially attract millions of visitors each year. DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 How Do Preservation Laws Impact Crypto’s Grandest Monument Idea? But for now, it remains an audacious proposal, one that captures the imagination of the crypto era, even as it faces the realities of regulation, preservation, and public opinion. Alcatraz is part of the Golden Gate National Recreation Area and attracts more than a million visitors each year under long-standing preservation plans. Any attempt to build a large new structure there would face steep legal and regulatory barriers. The National Park Service oversees the island, and any change would likely require state and regional approval as well. Preservation advocates have already spoken out this summer against proposals to alter Alcatraz’s federal stewardship. They call it “one of the most iconic and heavily visited” parks in the country, generating about $60M a year in tourism revenue. Legal experts note that changing the island’s designation would trigger a lengthy public process and review across multiple agencies. That means any redevelopment effort would face years of scrutiny before a single brick could be laid. The pitch arrives as crypto’s role in US politics keeps growing. Fairshake, the industry’s main super PAC, reported raising $260M in the 2023–24 election cycle. The fundraising has continued into 2025, as new committees and donors line up ahead of the 2026 midterms. Last month, the Winklevoss twins added to that momentum with a $21M contribution to a new PAC backing pro-crypto candidates. Advocacy groups have warned that such donations are part of a wider surge of political spending this fall, showing how digital asset policy has become a key Washington issue. Calvin’s nonprofit presents the Prometheus project as a national symbol of ambition and progress, “a beacon of optimism and human triumph.” Materials from Parhelion highlight Calvin’s decade-long work in Bitcoin mining and his leadership of the foundation behind the proposal. DISCOVER: 9+ Best Memecoin to Buy in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Bitcoin OGs Are The New Pharaohs: $450M Statue To Top The Year Crypto Seized US Politics? appeared first on 99Bitcoins.

Is Keir Starmer coming for your crypto? UK crypto tax raid fears grow, as HMRC crypto tax letters are distributed to 65,000 British crypto traders. The UK crypto tax authority, HMRC, has doubled the number of crypto warning letters it sends, signaling a tougher approach to undeclared digital-asset gains under the new government. According to a Financial Times report, HM Revenue & Customs (HMRC) has issued about 65,000 “nudge” letters to residents suspected of under-reporting crypto profits for the 2024–25 tax year, more than twice the 27,700 sent the year before. The campaign is meant to push more investors to voluntarily disclose their gains as HMRC gains deeper access to crypto-exchange data. Falling capital-gains tax (CGT) allowances have also widened the net, bringing more traders into the tax system. The Financial Conduct Authority estimates that roughly 12% of British adults, around 7M people, now hold crypto, highlighting the scale of those who could be affected. DISCOVER: 16+ New and Upcoming Binance Listings in 2025 How Does the UK’s New Crypto Tax Rule Affect Traders in 2025? Market Cap 24h 7d 30d 1y All Time Under HMRC rules, CGT applies when investors sell crypto, trade one token for another, use it for purchases, or gift it, except in limited cases. From the 2024-25 tax year onward, Self Assessment forms include a dedicated crypto asset section, making it easier both to report and for HMRC to review. The UK’s latest crypto tax push is widening the net for traders. The Capital Gains Tax (CGT) allowance has dropped sharply to £3,000 for the 2024/25 and 2025/26 tax years, down from £12,300 just two years ago. That means more people will now need to declare their crypto gains to HMRC. The surge in tax letters comes as the UK prepares to implement the Crypto-Asset Reporting Framework (CARF) starting January 1, 2026. The system will force domestic crypto platforms to collect and share detailed user and transaction data with HMRC and international partners. Notably, the new rules will also exclude cryptocurrency ETNs from UK ISA Investments – further pressuring UK crypto investors. DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 What Does HMRC’s £100M Crypto Tax Plan Mean for Traders? According to HMRC, CARF is designed to “provide visibility on the transactions of users of cryptoassets.” Those who fail to comply could face penalties, while shared data will help identify tax evasion across borders. Treasury estimates suggest the new rules could generate £40M in 2026-27, rising to £110M in 2027–28, before settling around £80M a year by 2029-30. This broader crackdown fits within the Labor government’s plan to narrow the tax gap. The 2025 Spending Review earmarks funding for 5,500 new compliance officers and 2,400 debt-management staff, targeting an additional £7.5Bn in annual revenue by the end of the decade. By sending 65,000 letters, double last year’s count, HMRC aims to combine enforcement with deterrence. With new data-sharing powers and deeper access to exchange records, traders will find it much harder to hide undeclared crypto profits. DISCOVER: 9+ Best Memecoin to Buy in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Is Keir Starmer Coming For Your Crypto? UK Crypto Tax Raid Targets 65,000 Traders appeared first on 99Bitcoins.

The Trump administration is ratcheting up government ownership in mining companies that are nominally Canadian, raising questions about whether Ottawa plans similar investments. Trump has ordered his Department of War to take a 10% stake in Trilogy Metals (TSX, NYSE American: TMQ) and help fund South32 (ASX, LSE, JSE: S32), joint partners of the Arctic copper-zinc project in Alaska. That follows a 5% US government stake announced this month in Lithium Americas (TSX, NYSE: LAC), which is developing the $3 billion Thacker Pass project in Nevada. Trilogy and Lithium Americas are based in Vancouver. “The funny part is, they’re not Canadian because all their assets are in the United States, so are they Canadian? Are they American?” says Krisztián Tóth, a partner at Toronto-based law firm Fasken who focuses on mining financing and cross-border transactions. “The national security aspect of this has not been examined fully, but that’s really what it goes to anyway.” The American government investing in Canadian companies isn’t new – that goes back to the Second World War with funding for Quebec aluminum plants – and the Biden administration earmarked millions for projects in Canada through clean energy and transition metals funding. However, Trump officials are promoting direct ownership, which has elated some mining industry players while others urge caution. Canada has a more nuanced approach, at least on paper so far. Prime Minister Mark Carney has opened a Major Projects Office to fast-track energy and mining projects, but he’s stopped short of seeking equity stakes in projects, although the government under his predecessor did buy a gas pipeline to help build it. Carney also makes sure to mention that environmental and Indigenous concerns will be addressed amid government support. Northwest Territories Fortune Minerals (TSX: FT), developing the NICO cobalt-gold-bismuth-copper project in the Northwest Territories with a refinery in Alberta, received $6.4 million last year from the Pentagon as part of a total $17 million from governments on both sides of the border. The project has the world’s largest deposit of bismuth, which is used in products such as Pepto Bismol. “The validation and combined support from the governments have allowed the project to move forward during a challenging environment at a quicker pace than would have been possible with support from only one government,” Fortune President and CEO Robin Goad said in an emailed reply to questions. “The US support was a catalyst for additional Canadian government support.” Mining companies will welcome investment wherever it comes from, given how hard it is to raise funds, Fasken’s Tóth noted. But he urged Ottawa to revise its policy on foreign investment, like how it has been applied to the Chinese. Canada has ordered China-controlled businesses to divest from Canadian companies even when the mineral assets were abroad. “I echo the words of Ronald Reagan: ‘The most dangerous words you’re ever going to hear is, I’m the government, and I’m here to help,’” Tóth said in a phone interview. “As long as there’s a free market and the government doesn’t artificially keep out other potential investors, then it’s healthy for the government to also want to invest in projects. I would prefer there would be more Canadian-based projects than foreign projects, just because we should be developing our own assets. And if the government has an interest in those assets, then they might be more compelled to have policies that favour development.” Asian giant Western nations are targeting the Asian giant which controls some 90% of critical metals mining and processing in a surge of resource nationalism that has lately erupted into a Cold War of critical metals. Washington and Beijing are squaring off over access to advanced US computer chips, and the critical minerals needed for aerospace, defence applications and mobile phones that America craves. MP Materials (NYSE: MP), which holds the producing Mountain Pass rare earths mine in California, secured in July a $400 million agreement with the Pentagon that will see it acquire a 15% stake in MP and buy critical minerals for defence projects. The miner also reached a deal with the Department of Defense in August for a $150 million loan to add heavy rare earth separation capabilities at Mountain Pass. Jay Martin, CEO of mining forum company Cambridge which runs the annual Vancouver Resource Investment Conference, was a bit of two minds on government stakes, but he considers nation states as corporations, and their investment as good for the industry. “It’s a bit distasteful, because I don’t want government in my private business,” Martin told The Northern Miner podcast host Adrian Pocobelli. “But if we could have the firepower of the US government, adding some additional capital, cutting red tape and expediting the permitting processes of our core industries being raw materials, that’s good for commodity investors.” Indeed, the stocks of companies with US government investment have soared on the news. Kevin Torpy, senior vice-president of mining at Graphite One (TSXV: GPH), welcomed $37.5 million in US government funding under Biden in 2023 to advance the $1.13 billion Graphite Creek project in Alaska. “Graphite One is grateful for the funding and believes that this type of federal support for establishing domestic supply chains for graphite and other critical minerals is an important part of the nation’s security,” Torpy said in an emailed reply to questions. The funding helped Graphite One accelerate its feasibility study for the project, deemed to hold America’s largest reserve of the battery metal. More examples Recent Defense Production Act and Department of Energy grants illustrate how widely Washington is investing across North America. In Canada, funding included $20 million in August 2024 for Electra Battery Materials’ (NASDAQ, TSX: ELBM) cobalt sulfate refinery in Temiskaming Shores, Ontario, and $8.35 million in May 2024 for Lomiko Metals (TSXV: LMR) to convert flake graphite into battery-grade anode material. The Quebec government, however, remains opposed to Lomiko’s project after local complaints. Fireweed Metals (TSXV: FWZ) received $15.8 million to advance development studies for the Mactung tungsten project — the world’s largest deposit — in the Northwest Territories and Yukon. In the United States, Canadian companies have also benefited from Biden-era programs, including $114.8 million for Talon Metals (TSX: TLO) to build a nickel processing plant in North Dakota, plus $20.6 million and $2.4 million for expanded exploration and extraction research at its Tamarack project in Minnesota and Michigan. Under Trump, Ucore Rare Metals (TSXV: UCU) secured $18.4 million to scale up rare-earth separation in Louisiana and $4 million from the US Army for separation demonstrations at its Kingston, Ontario. RapidSX plant. Rare earths The US has also broadened its footprint in critical minerals and rare earth projects through new equity, contract and grant support. Lynas Rare Earths (ASX: LYC) secured a Department of Defense contract to build a heavy rare earth separation facility in Texas, supplementing earlier Title III support for light rare earth processing there. Perpetua Resources (NASDAQ, TSX: PPTA) won up to $6.9 million from the US Army for its Stibnite antimony-gold project in Idaho. NioCorp (NASDAQ, TSX: NB) is slated to receive Title III support via a $10 million award for its Elk Creek rare earth, niobium and titanium project in Nebraska. Golden Metal Resources (AIM: GMET) was awarded $62 million under a Department of Defense program to support tungsten production. Syrah Resources (ASX: SYR) received a conditional commitment of up to $107 million from the US Department of Energy’s Loan Programs Office to expand lithium-ion battery materials capacity at its Vidalia, Louisiana facility. Opposition The Trump administration is supporting critical minerals projects even where there is local and environmental opposition, like at Rio Tinto’s (ASX: RIO) Resolution project in Arizona and Trilogy’s project in Alaska. There, the environmental advocacy group Sierra Club called the government investment a blow to subsistence communities and wildlife because of potential impact on caribou migration. It remains to be seen if Washington will go as far to support the contentious Pebble copper-gold project in the same state. Northern Dynasty Minerals (TSX: NDM; NYSE-A: NAK) is challenging in court the US Environmental Protection Agency’s veto of the project. “It’s good for government to get behind mining projects,” Fasken’s Tóth said. “It’s been a long time since Western governments have been pro-mining. For too long, mining has been the anti-carbon type of view. And it’s actually nice to see that governments are realising that mining plays a central role in the world, much like water and air.” – With files from Henry Lazenby

Satoshi Nakamoto’s Bitcoin stash lost more than $20 billion as markets pulled back this month, erasing a chunk of paper wealth tied to the anonymous founder’s early coins. The drop came after Bitcoin skimmed record highs and then tumbled in a fast, wide sell-off that hit many traders and funds. Satoshi’s Holdings And Recent Value Change According to on-chain tracking and Arkham-linked estimates, the set of addresses attributed to Satoshi contains about 1.096 million BTC. That pile of coins reached a peak valuation above $136 billion when Bitcoin traded at just over $126,000 in early October. Reports have disclosed that the same stash is now roughly $20 billion smaller in headline value than at those highs. Market data show how the math works: a swing of several thousand dollars per coin becomes tens of billions of dollars against a million-plus BTC balance. The loss is unrealized — the addresses tied to the creator were not reported to have moved — but the headline number grabbed attention because it highlights how volatile valuations can be for the largest holders. What Triggered The Sell-Off Based on reports from market analysts and mainstream outlets, the crash was set off by a mix of political shocks and exchange-level stress. US President Donald Trump’s tariff announcement and related trade threats shook risk markets, and at the same time a rare pricing glitch and thin liquidity on some venues amplified selling pressure. The resulting cascade forced automatic liquidations of large margin positions, which analytics firms put at roughly $19 billion over a short span. Bitcoin’s price briefly fell into the low $104,000s during the worst of the rout on Friday before partial recoveries arrived the next days. That sharp move wiped out gains that had accumulated over recent months and created a rapid re-ranking of the richest-by-paper-wealth lists. Trading desks said the event exposed weaknesses in market plumbing. Orders that would have been absorbed in calmer conditions instead interacted with each other in thin markets, causing price gaps across exchanges. Many traders who had used borrowed capital to amplify bets were forced to exit, which made the slide steeper and quicker. Market Significance And What To Watch Next Analysts caution that a headline loss for Satoshi Nakamoto is mainly a measure of how much value moved on paper; it is not cash that changed hands from the founder. Still, the episode matters because it removed a layer of speculative excess and tested whether major supports hold as flows settle. Featured image from Getty Images, chart from TradingView

In the last week, Bitcoin prices fell from around $115,000 to below $105,000 amid a widespread crypto market correction. According to prominent market analyst Burak Kesmeci, several on-chain developments unfolded during this price decline that are now indicative of the present market and potential price movements. Bitcoin Metrics Flash Extreme Fear, But Local Bottom May Be Near In an X post on October 18, Kesmeci reports that Bitcoin’s on-chain landscape has flashed a series of key signals that generally suggest heightened fear and potential accumulation opportunities in the market. The analyst shares recent developments from seven important on-chain metrics during Bitcoin’s fall in the third week of October. Firstly, the Fear and Greed Index plunged into the “extreme fear” zone, reflecting a surge in investor anxiety following Bitcoin’s latest price correction. However, Kesmeci states that this is an event typically observed near market lows rather than peaks, and may not be the ideal time for selling. Meanwhile, the Net Unrealized Profit/Loss (NUPL) metric dropped below 50%, moving sentiment from optimism to worry, as the average profitability among holders is being eroded. In the derivatives market, funding rates turned negative, showing that short positions now dominate futures markets. On the equity side, shares of the largest crypto treasury MicroStrategy (MSTR) declined below $300, reflecting broader weakness in Bitcoin-linked assets. However, the firm also reinforced its long-standing conviction by adding 220 BTC to its holdings, bringing its total to 640,251 BTC, and underscoring continued institutional confidence despite short-term pressure. In addition, on-chain valuation indicators also highlighted deep oversold conditions. The Advanced NVT Signal fell below -0.5 standard deviations, a level historically associated with an oversold market and early bottom phases. The Active Address Sentiment Indicator (AASI) shows that Bitcoin’s price has dropped disproportionately relative to network activity, a relationship often followed by recovery periods as fundamentals stabilize ahead of sentiment. When all considered together, these signals suggest that Bitcoin is operating within an extreme fear and oversold environment. However, Kesmeci also hints that the local market bottom may be forming, suggesting that the present market condition presents strong accumulation opportunities. Bitcoin Price Overview At the time of writing, Bitcoin trades at $106,970 after a 0.29% decline in the last 24 hours. The monthly chart reflects an 8.32% loss as the premier cryptocurrency struggles to establish its expected “Uptober” bullish form. However, Coincodex analysts are predicting an imminent market rebound, with a projected price target of $124,172 in five days. Related Reading: Analyst Predicts XRP Price Will Hit $1,200 With 50,000% Run Driven By These Factors

One of the largest banks in Africa, ABSA Bank, is partnering with Ripple to provide custodial services on the Ripple blockchain. This announcement is another significant moment in mainstream financial institutions’ crypto adoption. The central bank intends to roll out crypto regulations in Ghana by December. Ghana is joining several major countries on the continent in enacting similar legislation. Meanwhile, Blockchain.com is seeking a crypto exchange license from Nigeria’s Securities and Exchange Commission. This decision comes weeks after the platform chose Nigeria as its regional hub. Let’s look at these stories making continental headlines this week: South Africa Crypto News: ABSA Bank partners with Ripple South African banking giant ABSA Bank is partnering with Ripple to allow users to store crypto and digital assets on the Ripple blockchain. This move is another significant embrace of crypto by mainstream finance institutions. ABSA customers can now store crypto on Ripple and have integrated tools to manage their digital assets. CoG Governor Johnson Asiama gave the timeline at a recent IMF event. He explained the rationale for the legislation as follows: “We have put together the regulatory framework and have a new bill to regulate virtual assets. That bill is on its way to parliament. Hopefully, before the end of December, we will be able to regulate cryptocurrencies in Ghana.” Given the growing size of crypto markets globally, regulation is receiving increasing attention. The amount of money flowing into the crypto, buying some of the best coins like Solana or Cardano, is in the billions. As such, regulators want to have visibility on this movement. Market Cap 24h 7d 30d 1y All Time DISCOVER: 20+ Next Crypto to Explode in 2025 Nigeria Crypto News: Blockchain.com Seeks Regulatory License International crypto platform Blockchain.com is seeking a crypto exchange license from the Nigerian Securities and Exchange Commission (SEC). This move comes weeks after the platform chose Nigeria as its regional hub. Owenize Odia, the General Manager for Africa at Blockchain.com, said Nigeria is an important market and compliance is fundamental to their operations. “Nigeria is a very important market for Blockchain.com. Compliance is fundamental to how we operate. We engage regulators openly, and in Nigeria, we have met with the SEC and applied for the appropriate license.” Blockchain.com already holds licenses in multiple jurisdictions and is looking to regularize its operations in Nigeria. The country passed a Securities law earlier in the year requiring fintech institutions to comply with specific requirements, including licensing. The crypto financial services company also intends to build trust with the country’s crypto commitment and show commitment to long-term involvement in this market. They are also establishing a physical office in Nigeria that will act as a regional hub, boosting customer engagement and partnerships. DISCOVER: 16+ New and Upcoming Binance Listings in 2025 Africa Crypto News: Ripple ABSA Deal, Ghana Crypto Regulations South Africa crypto news: Ripple and ABSA partnering Ghana crypto news: Central Bank of Ghana to regulate crypto by December 2025 Nigeria crypto news: Blockchain.com seeks crypto license from the SEC The post Africa Crypto News Week in Review: ABSA and Ripple Join Hands, Central Bank of Ghana Crypto Regulations; Blockchain.com Seeks License in Nigeria appeared first on 99Bitcoins.

The Asian crypto landscape has shifted from a slow crawl to a full fledged freight train firing on all cylinders with many countries trying to outdo each other in their crypto adoption metrics. Investments are booming and new regulations are coming into focus as institutional inflows start creeping in. Here’s what transpired in the Asian crypto landscape this past week EXPLORE: Top 20 Crypto to Buy in 2025 Coinbase Extends Footprint With CoinDCX Investment On 15 October 2025, Coinbase announced a strategic investment in the Indian crypto exchange CoinDCX to expand its footprint across the country. Although the exact financial terms were not disclosed, CoinDCX’s CEO, Sumit Gupta confirmed that the deal has pushed the company’s valuation to the tune of $2.45 billion. The country already ranks high in grassroots crypto adoption as per Chainalysis’s research. This credit boom could amplify that trend. Furthermore, rising disposable income, mobile-first banking and growing interest rates in decentralized finance (DeFi) are coming together, making crypto more appealing and accessible. The overall sentiment on crypto in the country is bullish, however, the regulators remain cautions. EXPLORE: 20+ Next Crypto to Explode in 2025 Key Takeaways Coinbase invested in CoinDCX, raising its valuation to $2.45 billion Japan introduced insider trading rules for crypto under its revised FIEA framework Binance re-entered South Korea by acquiring compliant local exchange Gopax The post Asian Crypto Roundup: Coinbase Extends Footprint, Japan Bans Insider Trading, Binance Relaunches In South Korea appeared first on 99Bitcoins.

Bom dia, traders. Neste domingo, vamos analisar um cenário extremo, mas crucial, levantado por uma das economistas mais influentes do mundo, Gita Gopinath (provavelmente em seu papel no FMI). Gopinath alertou recentemente que uma correção nos mercados de ações na escala da bolha pontocom poderia apagar $35 trilhões em riqueza global. Por Igor Pereira, Analista de Mercado Financeiro, ExpertFX School Para nós, investidores e especialmente traders de ouro (XAU/USD), a pergunta mais importante é: o que aconteceria com o ouro em um choque dessa magnitude? Como venho alertando na ExpertFX School, entender a dinâmica do ouro durante crises é fundamental para a preservação de capital. A análise a seguir detalha o provável desenrolar dos eventos. Fase 1: A Turbulência Inicial — O Mergulho Contraintuitivo O Que Acontece: Em um pânico inicial, quando as chamadas de margem explodem e a necessidade de levantar caixa se torna desesperadora, até mesmo o ouro pode sofrer uma venda temporária. Investidores vendem o que podem, não o que querem, para cobrir perdas em outras partes de seus portfólios. Precedentes Históricos: Vimos exatamente isso acontecer no auge da crise financeira de 2008 e novamente no crash da Covid em março de 2020. O ouro caiu brevemente junto com as ações antes de iniciar sua forte recuperação. Minha Análise: É crucial entender que esta queda inicial é um fenômeno de liquidez, não fundamental. É temporária e, para o investidor preparado, representa uma oportunidade de compra. Fase 2: A Fuga para a Qualidade — O Verdadeiro Rally do Ouro O Que Acontece: Uma vez que o pânico inicial diminui e o medo de uma recessão profunda se instala, o capital busca refúgio. Historicamente, esse fluxo se direciona massivamente para ouro e títulos do Tesouro americano. Os Motores do Rally: A forte alta do ouro nesta fase é impulsionada por dois fatores principais: Queda nas Taxas de Juros Reais: Bancos centrais, liderados pelo Fed, respondem à crise com cortes agressivos de juros e outras medidas de afrouxamento monetário, derrubando os rendimentos reais (juros menos inflação) e tornando o ouro (que não paga juros) mais atraente. Status de Porto Seguro: O ouro reafirma seu papel milenar como o ativo de refúgio definitivo contra a incerteza econômica e geopolítica. Minha Análise: Esta é a fase onde o verdadeiro valor do ouro como proteção se manifesta, levando a uma valorização acentuada e sustentada. Fase 3: A Dinâmica Inédita do Dólar — Um Novo Paradigma? O Alerta de Gopinath: Aqui reside a parte mais intrigante e potencialmente revolucionária da análise. Gopinath adverte que, diferente de crises passadas onde o dólar americano se fortaleceu (devido à sua condição de moeda de reserva global), o dólar pode não se fortalecer na próxima grande crise. Minha Análise: Na minha visão, isso reflete a crescente desconfiança no sistema do dólar, alimentada pela dívida colossal dos EUA, pela instabilidade política e pela busca ativa por alternativas por parte de outras potências globais (desdolarização). A Consequência para o Ouro: Se o dólar não se fortalecer, ou até mesmo enfraquecer durante a crise, isso atuaria como combustível de foguete para o ouro. Um dólar mais fraco amplificaria a alta do metal, especialmente quando precificado em outras moedas, como o real ou o yuan. Fase 4: A Reprecificação Estrutural — Um Novo Patamar para o Ouro O Que Acontece: Após a poeira baixar, o cenário global terá mudado. Com governos e bancos centrais tendo esgotado grande parte de seu "espaço fiscal e monetário" para combater a crise, a perspectiva de juros reais persistentemente baixos (ou negativos) e a contínua compra de ouro pelos bancos centrais atuariam como âncoras, fixando o preço do ouro em um patamar estruturalmente mais elevado a longo prazo. Minha Análise: Este cenário seria verdadeiramente transformador para o papel estratégico do ouro nos portfólios. Ele deixaria de ser apenas um "hedge tático" para se tornar um componente central e permanente, reconhecido como a única reserva de valor confiável em um mundo de dívidas e moedas fiduciárias frágeis. Implicações para o Investidor (Exemplo da Índia): Para investidores em países como a Índia (ou Brasil), a dinâmica é ainda mais favorável. Uma crise global provavelmente enfraqueceria a moeda local (Rupia/Real) frente ao dólar. Mesmo que o dólar não suba globalmente, a desvalorização da moeda local impulsionaria ainda mais o valor do ouro em termos domésticos. Fundos de Ouro ou ETFs locais se tornariam hedges extremamente eficazes. Conclusão de Igor Pereira: Um choque de riqueza de $35 trilhões seria, sem dúvida, destrutivo para os mercados de ações. No entanto, para o ouro, ele representaria a validação final e mais poderosa de sua tese. De um ativo frequentemente visto como uma "relíquia", ele emergiria como o pilar central de um sistema financeiro em profunda transformação. A análise de Gopinath não é uma previsão, mas um chamado à preparação. E, neste cenário, o ouro não é apenas uma opção; é uma necessidade.

Bitcoin price has continued to hover in the range of $106,000-$108,000 over the last 24 hours. The premier cryptocurrency is presently displaying some stability following another volatile trading week, which produced a 3.41% price loss. Notably, Bitcoin’s movement amid this corrective phase has triggered an interesting on-chain signal with bullish implications. Bitcoin Short-Term Holders Go Underwater, But Historical Data Reads Bullish Signs In an X post on October 18, popular market analyst, Ali Martinez, shares an important on-chain development. Amid the recent price decline, Martinez notes that Bitcoin slipped below its short-term holders’ (STH) realized price, creating an ideal situation for a market accumulation based on historical data. For context, the STH realized price represents the average acquisition price of coins held by short-term investors, i.e, wallets that have held BTC for less than 155 days. Typically, when the market price dips below this level, it indicates that new market entrants are underwater, signaling local capitulation and short-term fear in the market Based on the Glassnode data shared by Martinez, Bitcoin fell below its STH realized price on October 14 during its latest price correction. While such developments usually trigger temporary selling pressure, historical data show it has also become a cue for strategic buyers. In particular, the price dip below the STH realized price appears to align with strong rebound points in the market. Notably, the chart above shows four prior instances (May 2023, November 2023, August 2024, and May 2025), where Bitcoin’s descent below the STH realized price was followed by substantial recoveries. Martinez explains that this price dip usually provides a good opportunity for market accumulation, thereby fueling future price rallies. Interestingly, the broader Bitcoin market remains dominated by long-term holders, who are potentially utilizing this price pocket to strengthen their holdings, thus maintaining the present bullish structure. Bull Market Still On In other news, a fellow market analyst with the username Titan of Crypto has recently stated that the Bitcoin bull market remains active amid bearish speculations following the latest price drops. Titan of Crypto has hinged their positive market insight on the 38.2% Fibonacci retracement level, which has acted as a pivotal level in determining price direction in the current market cycle The analyst notes that as long as Bitcoin’s weekly candle holds above this level, the broader bull market continues to stay active. At press time, Bitcoin is valued at $106,800, reflecting a minor 0.40% decline in the past day. Meanwhile, daily trading volume is down by 61% and valued at $39.3 billion.

The stablecoin market just set a new record. The total value of dollar-pegged cryptocurrencies has climbed to about $307 billion, the highest on record, even as broader crypto prices remain uneven. Plasma (XPL), a new layer-1 network built for stablecoin payments, also caught attention. The token traded between $0.40 and $0.42 on strong volume, extending its recovery from last week’s lows. The move adds weight to the growing market focus on “stablecoin rails,” a theme driving renewed inflows. Stablecoin Growth Is Strongest Backdrop For On-Chain Liquidity Seen in Months DefiLlama data shows capitalization in stablecoins increasing by 5-6% over the last month, which is an indicator of a consistent supply of liquidity. (Source: DefiLlama) USDT is still the anchor of the industry, with an approximate circulating currency of $181-$182Bn Bn, and continues to record large daily trading volumes across exchanges. Top crypto analysts say this renewed expansion matters. A rising stablecoin float often comes before higher spot and derivatives trading activity, hinting that broader market momentum could be rebuilding. Analysts on X have linked the trend to three main drivers heading into Q4 ETF inflows, expanding stablecoin supply, and expectations of easier monetary policy before year-end. Together, they form the strongest backdrop for on-chain liquidity seen in months. DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 XPL Price Prediction: Is XPL Crypto Forming a Bullish Reversal Pattern After Its Long Downtrend? Market Cap 24h 7d 30d 1y All Time A crypto analyst posted the XPL/USDT 4-hour chart, which shows signs that momentum may be shifting. After sliding for weeks from above $1.80, the token has now settled near $0.40 a level that has become strong support. A descending trendline from earlier highs has capped every rebound so far. But recent candles suggest that pressure is easing as XPL compresses inside a tightening wedge. (Source: X) This pattern often appears before a reversal if buyers manage to break above resistance with strong volume. At around $0.4178, XPL sits close to that breakout point. The next resistance is near $0.45, while support remains firm between $0.36 and $0.40. Volatility has narrowed, and sellers appear to be losing momentum, a sign that some traders may be accumulating at the lower band. If bulls push through the upper boundary, the chart points toward a potential move toward $1.60, roughly a 3.8× gain from current levels. But if the $0.36 floor fails, the bullish setup breaks down, likely triggering another leg lower. For now, XPL trades in a make-or-break zone. A confirmed breakout could mark the start of a recovery phase, while another rejection might extend its broader downtrend in the sessions ahead. DISCOVER: 9+ Best Memecoin to Buy in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Plasma XPL Pumps as Crypto Stablecoins Market Cap Hit All-Time High: Stop Shorting the Market appeared first on 99Bitcoins.

In his latest Chainlink daily technical outlook, CryptoWzrd noted that the token closed bearish, retesting the $16.00 daily support level. He mentioned plans to monitor its intraday chart closely for potential quick scalp opportunities, particularly if LINK holds above $16.80, which he views as a positive zone. A Possible Shift In Chainlink’s Current Bearish Action Moving on, CryptoWzrd pointed out that both Chainlink and LINKBTC closed the day with bearish candles, signaling short-term weakness. The downside move came after a period of consolidation, suggesting that traders may be taking profits following recent gains. Despite the pullback, the analyst emphasized that the overall market context still holds potential for recovery. He further explained that LINKBTC could experience an upward push if Bitcoin dominance shows positive sentiment tomorrow. A recovery in Bitcoin’s strength often translates to renewed confidence in the broader altcoin market, and LINK could benefit from this correlation. According to CryptoWzrd, LINK’s retest of the $16 daily support level played out exactly as anticipated. This zone now represents a crucial decision point, holding above it could trigger a rebound toward the next major resistance of $20 and beyond if market conditions remain stable. However, he cautioned that with the weekend approaching, volatility may rise and market volume could thin out. As a result, CryptoWzrd maintained a balanced stance, noting that it is essential to keep expectations rational and remain alert for any signs of renewed bearish pressure. Bullish Breakout Could Ignite A Rally Toward $19.30 Concluding his analysis, CryptoWzrd noted that Chainlink’s intraday chart displayed notable volatility throughout the day, with rapid price swings keeping traders on edge. Despite the choppy movements, the price is now teasing the $16.80 intraday resistance, a level that could play a pivotal role in determining the next short-term direction. He explained that a bullish breakout above $16.80 would likely trigger a wave of renewed buying pressure. Such a move could pave the way for a rally toward the $19.30 target, an area where previous price action has shown a strong reaction and potential for profit-taking. On the other hand, CryptoWzrd cautioned that a rejection from $16.80 or prolonged trading below this resistance could lead to more sideways movement over the weekend. With lower trading volumes expected, this range-bound behavior may continue until a clear catalyst emerges to drive momentum in either direction. He concluded by emphasizing the importance of patience and clarity in the current setup. The market is at a decision point, and waiting for a stronger trade formation could offer a safer entry opportunity.

Following the flash crash of last week, the Bitcoin price has once again sunk to similar depths, albeit in a more steady price correction. Notably, the leading cryptocurrency dipped below $105,000 on Friday as crypto liquidations rose to above $1.2 billion. However, underlying investor buying activity paints an encouraging picture of a potentially bullish rebound. Bitcoin Net Taker Volume Hits $309 Million Despite Price Fall In a QuickTake post on X, popular analyst Amr Taha shares an exchange activity update on the Bitcoin market amidst a significant price correction. The pundit reports a major uptick in buying pressure, which suggests investors may be quietly accumulating despite the present price weakness. Notably, on-chain data shows that the Bitcoin crash to below $105,000 coincided with a spike in the net taker volume on Binance to around $309 million, marking its first positive zone since October 10. In trading terms, buy-taker volume represents orders that actively hit the ask, i.e., traders willing to buy immediately at market price rather than waiting for a better entry. The move indicates that, despite short-term volatility, there remains a deep undercurrent of bullish conviction among Bitcoin holders and traders. This high accumulation activity during a price demand usually precedes local bottom formations, as aggressive buyers absorb selling pressure, setting the stage for a parabolic price rebound. Furthermore, while the taker volume surged, Amr Taha reports that the open interest (OI), which measures the total number of outstanding futures and perpetual contracts, failed to rise in tandem. This divergence suggests that trading activity is concentrated in the spot market rather than in leveraged derivatives, reinforcing the fact that investors are actively participating in the present market state. In summary, the renowned crypto analyst views this exchange activity development as a potential bullish undercurrent. Taha explains that spot accumulation around key liquidity levels, such as the $105K zone, often serves as a foundation for future price recoveries once selling pressure subsides. Bitcoin Rebound Verified By Gold Price Surge In other news, a market analyst with the username Crypto Jebb echoes Bitcoin’s chances of a major price rebound. However, the expert anticipates the premier cryptocurrency may still see a further decline before eventually finding a bottom around $92,000. In line with a growing notion, Jebb hinges his bullish thesis on a potential rotation of capital from the gold market to Bitcoin once the former hits a new market peak. Notably, gold is currently maintaining an impressive bullish momentum, having become the first asset to surpass a $30 trillion market capitalization value. Jebb predicts an eventual capital rotation when the gold market starts to correct, with potential inflows expected to push Bitcoin to around the $150,000 price mark in January. At press time, Bitcoin trades at $107,053, representing a 0.74% decline in the past day following a modest recovery effort.

The cryptocurrency market has been hit with another wave of sell pressure as both the Bitcoin and Ethereum prices plunged sharply, triggering widespread panic and uncertainty. With over $536 million in Spot Bitcoin ETF outflows in a single day, the downturn has sparked renewed fears of an extended bearish phase. Analysts are calling this correction a “Bloody Friday,” a less but still severe reflection of last week’s brutal selloff that wiped billions in the market and saw BTC and ETH spiraling downwards. ETF Outflows Trigger Bitcoin And Ethereum Price Crash The recent crash in Bitcoin and Ethereum prices is being attributed to recent large-scale outflows from US Spot Bitcoin ETFs. Crypto analyst Jana on X social media described the event as one of the bloodiest weekly downturns of the quarter, with Bitcoin tumbling 13.3% in seven days and Ethereum sliding 17.8% over the past month. At press time, Bitcoin is trading slightly above $106,940 while Ethereum sits around $3,870, both suffering steep retracements from their recent highs. Data from SoSoValue shows that Thursday, October 16, saw a staggering $536.4 million in daily net outflows from Spot Bitcoin ETFs, marking the largest single-day negative flow since August 1, when $812 million exited the market. Out of twelve US Bitcoin ETFs, eight registered major outflows, led by $275.15 million leaving Ark & 21Shares’ ARKB, followed by $132 million from Fidelity’s FBTC. Notably, funds managed by other major companies like Grayscale, BlackRock, Bitwise, VanEck, and Valkyrie also reported significant withdrawals. These persistent outflows have now stretched into their third consecutive day, with October 17, just a day ago, recording a massive outflow of $366.5 million. The sustained negative ETF flows underscore waning investor confidence and suggest that the broader market downturn could continue in the near term. Combined with the $19 billion liquidation event last Friday, increased outflows in ETFs could put more selling pressure on the already fragile market. Experts Warn Of Deeper Market Pain Ahead Many experts believe that the crypto market may still have more room for a decline. Data from Polymarket, one of the world’s largest prediction platforms, show that 52% of participants expect Bitcoin to drop below $100,000 before the end of October. Veteran economist and Bitcoin critic Peter Schiff has also warned that the coming months could be catastrophic for the industry, predicting widespread bankruptcies, defaults, and layoffs as Bitcoin and Ethereum face another major leg down. Meanwhile, technical analysts are pointing to signs of deeper weakness in Ethereum’s structure. According to Crypto Damus, Ethereum has broken key weekly support and is displaying a bearish setup on the charts. He says that MACD is about to “cross red,” leaving a significant amount of room for a crash. Other analysts like Marzell have echoed similar concerns, stating that Ethereum is now nearing a “crash zone.” However, he also highlighted the $3,690 – $3,750 range as a possible short-term demand area where buyers could step in again and trigger the next leg up. Featured image from Unsplash, chart from TradingView

Bitcoin’s weekly chart is at a pivotal point, with price action hovering around key structural levels. Traders are now questioning whether the current move marks the start of a deeper correction or just a healthy consolidation before the next leg up. Elliott Wave Signals Align With Developing Correction Elliott Waves Academy, in its latest analysis tracking Bitcoin’s expected wave path on the weekly timeframe, has raised a key question: has the corrective wave begun? The recent market structure indicates that the bullish leg has likely completed, and the price may now be transitioning into a corrective phase. A critical support level of the prior upward wave has been broken, hinting at a potential wave reversal in progress. The evidence for this transition grows stronger when observing the break below the lower boundary of the diagonal pattern and the final price channel. Both of these structures previously acted as strong supports during Bitcoin’s impulsive climb, and their breakdown now suggests that market control is slowly shifting from buyers to sellers. Currently, Bitcoin is trading beneath the lower boundary of the price channel, which has flipped into a key resistance zone. As long as the price remains below this zone, bearish sentiment could persist, keeping the market in a cautious state. Despite the weakness, there are signs that the downward sub-wave might be nearing completion. The structure suggests that a short-term upward corrective wave could emerge as the market attempts to stabilize and regain footing. Expected Outlooks Sharing his expectations, Elliott Waves Academy noted that Bitcoin may continue to consolidate around its current levels as bulls attempt to defend their positions. Such a phase of sideways movement often reflects a period of indecision in the market, where both buyers and sellers are waiting for confirmation before committing to their next major moves. However, the Academy cautioned that if signs of weakness begin to emerge near the current resistance zone, the market could face a potential reversal. This shift could trigger renewed bearish pressure, pushing Bitcoin into a deeper corrective leg. According to the analysis, the correction could extend toward the 50%–61.8% Fibonacci retracement levels of the previous upward wave. These Fibonacci zones often serve as key areas of support during corrective movements, and a decline into these ranges could provide a more stable foundation for a future bullish reversal. Ultimately, monitoring price behavior around these crucial levels in the following days will be essential. Whether the market holds firm in consolidation or slips into a deeper retracement, the upcoming movements in these zones could set the tone for the next phase of Bitcoin’s long-term wave cycle.