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Why Bitcoin's Rally Has Room to Run This Month

Bitcoin's impressive rally this month seems to have solid foundations as data indicates restrained selling pressure and steady institutional confidence. Recent statistics show that realized profits amongst Bitcoin holders have decreased by 50% since July, dropping from $63 billion to $30 billion, highlighting less profit-taking despite Bitcoin reaching record highs. Long-term holders currently enjoy a profit margin of 129%, well below the exhaustion level of 300%, indicating potential for further growth. In derivatives markets, traders are notably concentrated around $120,000 call options, reflecting bullish sentiment. Market behaviors suggest that significant upward momentum is sustained as disciplined holding patterns and beholden positions remain solid, with $110,000 identified as critical support. Experts express optimism for continued favorable market conditions in October, a historically strong month for Bitcoin, raising expectations for sustained interest and investment in the cryptocurrency ahead of the fourth quarter.

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UK Lifts Retail Ban on Crypto ETNs, Allowing Tax-Free Access via Pensions and ISAs

The U.K. has lifted its multi-year ban on crypto exchange-traded notes (ETNs), enabling retail investors to hold cryptocurrency products like bitcoin and ether ETNs in tax-advantaged accounts such as pensions and Individual Savings Accounts (ISAs). The Financial Conduct Authority (FCA) announced this change, arguing that the digital asset market

Luxembourg Claims Bragging Rights as First Eurozone Nation to Invest in Bitcoin

Luxembourg’s Intergenerational Sovereign Wealth Fund (FSIL) has made headlines by investing 1% of its holdings in Bitcoin ETFs, marking the first instance of a state-level fund in the Eurozone engaging with Bitcoin. Finance Minister Gilles Roth announced this investment during the presentation of the 2026 Budget, emphasizing Luxembourg’s

SoftBank’s PayPay Acquires 40% Stake in Binance Japan

SoftBank’s PayPay has acquired a 40% stake in Binance Japan, forming a capital and business agreement aimed at integrating cryptocurrency services with its mobile payment platform. Following the acquisition, Binance Japan will operate as an affiliate of PayPay, facilitating the buying and selling of crypto assets using PayPay Money.

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