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Bitcoin to $140K by Month End? Bullish Hopes Remain Even as Tuesday Drop Sends ETH, XRP, SOL Down 5%

Bitcoin is trading around $122,000 after recently peaking at $126,200, with some market analysts still hopeful for a rise to $140,000 by the end of October. Economist Timothy Peterson suggests there is a 50% chance Bitcoin could finish the month above $140,000, based on a decade of data simulations. Despite recent volatility in the crypto market, institutional demand and decreasing exchange balances are providing price support. Bitcoin has seen a nearly 10% rise in October, aided by record ETF inflows and significant withdrawals from centralized exchanges, pushing exchange balances to a six-year low. The market remains optimistic, with many traders believing the path is still upward, despite the ongoing uncertainty from macroeconomic factors, including the U.S. government shutdown affecting economic data releases. Recent profit-taking has led to a slight drop in Bitcoin’s price, impacting other cryptocurrencies like ETH and XRP, which have seen declines of up to 7%.

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Ethereum Exit Queue Hits $10B Record: Selling Pressure Concerns?

Ethereum’s validator exit queue has surged to over $10 billion, with more than 2.4 million Ether awaiting withdrawal. This record spike extends the queue time to over 41 days. While validators play a crucial role in adding new blocks and verifying transactions on the network, the massive amount

Wealth App Stratiphy Partners With 21Shares to Offer Crypto ETNs Under New UK Rules

Wealth management app Stratiphy has teamed up with 21Shares to provide retail investors in the UK access to crypto Exchange Traded Notes (ETNs) following new regulations by the Financial Conduct Authority (FCA). This partnership allows UK retail investors to purchase and hold regulated crypto products, a notable shift in the

BTC Under Pressure as Japanese PM Sanae's Abenomics Pivot Lifts Bond Yields

Bitcoin is facing downward pressure amid rising Japanese bond yields, which have reached a 17-year high. The increase in yields signals potential rising borrowing costs globally, raising concerns among investors. Goldman Sachs indicates that the volatility in Japanese government bonds may affect securities within other major economies, particularly the U.

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