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Bitcoin bulls are back: Here’s what is needed for a rally to $120K

Bitcoin has regained the $114,000 mark, recovering from previous losses despite significant outflows from spot Bitcoin exchange-traded funds (ETFs), which totaled around $900 million last week. This raises concerns about the sustainability of the rally, especially as the majority of the moved coins showed profit-taking. Key upcoming events may influence Bitcoin's price, including a joint SEC-CFTC roundtable aimed at clarifying regulation in the digital asset space and the potential impact of an impending US government shutdown. This shutdown could create a risk-averse environment, negatively affecting Bitcoin’s price. Additionally, softening labor market data could steer investors towards safer assets. Optimism surrounding the establishment of a US Strategic Bitcoin Reserve may provide psychological support and further price stabilization. A rally to $120,000 could be driven by clearer regulatory frameworks, avoiding the government shutdown, and reduced risks apparent in labor market data. Should the US Treasury consider adding Bitcoin to its reserves, this could also lend further support to the market.

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SEC Halts Trading of Bitcoin, Ethereum Treasury Firm QMMM After 2,000% Stock Surge

The SEC has halted trading for QMMM Holdings after its stock surged over 2,100% following a plan to purchase Bitcoin, Ethereum, and Solana. The trading suspension, lasting until October 10, 2025, was prompted by potential manipulation related to recommendations made to investors via social media that appeared to artificially

Swift Teams With Ethereum Software Giant Consensys for Blockchain Prototype

SWIFT is collaborating with Consensys and 30 major financial institutions, including Bank of America, Citi, and JP Morgan, to develop a blockchain-based prototype aimed at enabling real-time cross-border payments. This prototype will utilize a secure ledger and smart contracts for transaction validation and recording. Although it remains unclear whether the

Price predictions 9/29: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

Bitcoin shows signs of recovery above $114,000, with potential to reach $117,500 if buyers remain strong. Analysts are mixed; while some foresee a downturn, others expect BTC to approach new all-time highs. Market sentiment is cautious, as exchange-traded products see varied outflows and inflows. The S&P

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