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According to economist Timothy Peterson, Bitcoin’s recent slide could be a short-lived wobble if October’s history repeats itself. He pointed out that drops larger than 5% in October are rare — they have occurred just four times in the past 10 years — and when they happened, Bitcoin often bounced back quickly. Related Reading Historical October Bounces Reports show the four October setbacks came in 2017, 2018, 2019, and 2021. In the week after each fall, recoveries ranged from modest to sharp: gains of 16% in 2017, 4% in 2018, and a big 21% in 2019, while 2021 was the…

This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin BTC$112,873.59 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 50-, 100-, and 200-candle simple moving averages (SMAs) have aligned bearishly, now stacked one below the other – a classic bearish configuration. Additionally, the pattern of consecutive lower highs points to weakening buying pressure.BTC’s hourly candlestick chart. (TradingView) Second, key ETFs are signaling a risk-off sentiment. The…

Tether’s accumulation of United States Treasuries puts the stablecoin issuer on a path to enter the top five foreign holders by 2033 under a realistic acceleration case, based on current balances, stated purchase activity, and the moving threshold set by the U.S. Treasury’s TIC data.The projection assumes Tether continues adding to its book at a higher annual net pace each year, while the fifth-place line among foreign holders continues to shift.As of June 30, the firm held about $127 billion of U.S. Treasury exposure, split between roughly $105.5 billion of direct bills and $21.3 billion of indirect exposure.This places Tether 18th…

XRP price saw one of its sharpest drops of the year. It plunged from $2.83 to as low as $1.77 in a matter of hours before bouncing to around $2.44.Even after that rebound, the token is still down about 14% in 24 hours and nearly 20% weekly. But the data shows this wasn’t a normal sell-off — it was a panic-led, derivatives-driven flush, not real token selling. And now that the XRP price rebound is shaping up, a key group is seen adding to the token stash. Sponsored SponsoredPanic-Led Derivatives Crash, Not Spot SellingOn-chain data confirms that this was not…

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 said.Kalshi projects $50 billion in annualized trading volume this year, up from $300 million last year, and now holds more than 60% of global market share, surpassing rival Polymarket.The funding round was led by major investors including Sequoia Capital, Andreessen Horowitz, Paradigm, CapitalG, and Coinbase Ventures,…

The Bitcoin, Ethereum, and Dogecoin prices are crashing today, sparking bearish sentiment in the crypto market. This followed the U.S. President Donald Trump’s move, which has ignited fears of a full-blown trade war with China.  Why The Bitcoin, Ethereum, and Dogecoin Prices Are Crashing The Bitcoin, Ethereum, and Dogecoin prices are down today, according to CoinMarketCap data. The flagship crypto has dropped to as low as $104,000 over the last 24 hours, wiping out its early October gains that led to a new all-time high (ATH) above $126,000. Ethereum dropped to as low as $3,400, while Dogecoin broke below the…

Network Switches Market USA, New Jersey: Verified Market Research reports that the Network Switches Market size was valued at USD 30.31 Billion in 2022 and is projected to reach USD 47.38 Billion by 2030, growing at a CAGR of 5.6% from 2023 to 2030. This steady growth is driven by increasing environmental regulations, rising awareness of pollution control, and expanding applications in industries such as manufacturing, energy, and healthcare.Market Opportunities, Trends, and Pricing Analysis: Network Switches (2025-2033)Opportunities & Market SizingThe network switches sector is positioned for substantial volume and value expansion through 2033, driven by surging data center capacity, edge…

Morgan Stanley, one of the world’s largest wealth managers, has reportedly informed its financial advisers that all clients will be able to invest in cryptocurrency funds starting Oct. 15, CNBC reported.Advisers will be able to offer crypto funds to clients with individual retirement accounts (IRAs) and 401(k)s, a significant shift from the previous policy that restricted access to high-net-worth investors with over $1.5 million in assets and an aggressive risk profile.The move could unlock millions of dollars currently tied up in other assets, paving the way for a portion of that capital to flow into cryptocurrencies. As of June 30,…

Securitize, the tokenization platform behind several major blockchain-based investment products, including BlackRock’s tokenized US Treasury fund, is reportedly in talks with Cantor Fitzgerald to go public via a Special Purpose Acquisition Company (SPAC).Bloomberg reported Friday, citing anonymous sources, that Securitize is in discussions to merge with Cantor Equity Partners II Inc., a blank-check firm backed by Cantor Fitzgerald. The deal could value Securitize at more than $1 billion, the report said.Securitize did not immediately respond to Cointelegraph’s request for comment.Source: BloombergA SPAC is a publicly traded shell entity that raises capital with the aim of acquiring a private company. Once…

Key points:Bitcoin and altcoins reel from the biggest liquidation event in crypto history.BTC price action fails to stage a rebound from multi-week lows, with $100,000 getting closer.Crypto is beginning a “cleanse” of bull-market euphoria, a trader says.Bitcoin (BTC) pressured $110,000 support on Saturday as the dust settled on a record $20 billion liquidation event.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewTrader sees start of “crypto cleanse”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD struggling to rebound after falling to three-week lows on Bitstamp.Fresh market nerves over the US-China trade war punished risk assets across the board. The S&P 500 closed down 2.7%…