1. Bitcoin Market
Bitcoin Price Trends (2025/10/18–2025/10/24)
During the past week (October 18–24, 2025), Bitcoin followed a market rhythm characterized by sideways consolidation, volatile ascent, short-term breakout, and eventual stabilization. The price mainly fluctuated between $106,000 and $114,000, with an overall amplitude of about 7.5%, as bullish and bearish forces alternated frequently.
Sideways Consolidation Phase (October 18–19)
From October 18 to 19, Bitcoin’s volatility narrowed significantly, with prices moving sideways around the $107,000 level. On the evening of October 19, the price briefly dipped before quickly rebounding, signaling a gradual recovery in short-term upward momentum.
Causes of the trend:
1.Improvement in on-chain and technical indicators
On-chain data showed that both the number of active addresses and transaction volumes rebounded from low levels. The short-term MVRV indicator for BTC recovered from the oversold zone, indicating that some capital began accumulating at lower levels. Technically, the short-term RSI rebounded from below 30, and the price found support at the 20-day moving average, forming a bullish reversal signal.
2.Technical correction after previous retracement
Earlier in the month, BTC had reached a local high of around $126,000 before a rapid pullback triggered leveraged liquidations and a deleveraging phase. The current consolidation is seen as a stabilization period following that correction, allowing the market to build momentum for the next rebound.
Volatile Ascent Phase (October 19–20)
Starting from October 19 afternoon, Bitcoin began a steady climb from around $107,000, reaching an intraday high of $111,611 on October 20. Daily volatility expanded, and market sentiment improved significantly.
Causes of the trend:
1. Shift toward dovish interest rate expectations
Market expectations grew that the U.S. Federal Reserve (Fed) could begin its rate-cutting cycle in late October, driving capital back into risk assets. As a high-beta asset, Bitcoin responded quickly, strengthening in line with rising liquidity expectations.
2.Temporary easing in macro and geopolitical tensions
Positive signals from U.S.–China trade discussions and a pause in Middle East tensions reduced risk aversion across markets, supporting a short-term rebound in overall risk appetite.
3.Improvement in market sentiment
BTC’s recovery above the $111,000 level was seen as reclaiming a key technical threshold, restoring investor confidence and leading to an increase in both leveraged long positions and spot buying activity.
Pullback and Consolidation Phase (October 22)
After a continued climb on October 21, Bitcoin began to retrace, gradually testing the $108,000 level. On October 22, BTC experienced a short-term surge from around $108,000 to as high as $113,790, but heavy selling pressure at higher levels pushed prices back toward $108,000. From then until October 23, the market entered a consolidation phase marked by expanded volatility and cautious trading sentiment.
Causes of the trend:
1.Profit-taking at resistance and technical ceiling pressure
The $114,000 level coincided with a dense historical trading zone and short-term resistance, prompting some traders to lock in profits. As volumes surged and then receded, selling pressure dominated, limiting further upward movement.
2.Structural correction amid uncertain direction
Following a strong rebound, the market entered a sideways range as participants adopted a wait-and-see stance, awaiting new catalysts such as macro policy signals or ETF fund flow shifts. Trading volume contracted sharply, and price volatility became range-bound.
3.Persistent macro and policy headwinds
A temporary rebound in the U.S. Dollar Index, rising Treasury yields, and slower-than-expected regulatory progress—such as delays in the SEC’s approval of crypto ETFs—added pressure to the market, constraining upside potential.
Breakout from Consolidation and Upward Channel Formation (October 23–24)
Between October 23 and 24, Bitcoin gradually broke out of its consolidation range and entered a short-term upward channel, with prices steadily rising to $110,519 at the time of writing, fluctuating within the $110,000–$112,000 zone. If this upward structure holds, BTC may test higher resistance levels in the near term.
Causes of the trend:
1.Accumulation of buying interest and support confirmation
After the earlier pullback, BTC found repeated support between $107,000 and $108,000, suggesting strengthening buying momentum. As lower-level positions were absorbed, market confidence improved, laying the foundation for a short-term uptrend.
2.Marginal improvement in macro and geopolitical environment
Investors are closely watching the upcoming U.S. CPI data and developments in U.S.–China relations. A softer inflation print or progress in diplomatic talks could boost risk appetite and liquidity expectations. The temporary easing of risk aversion allowed for a technical rebound in Bitcoin prices.
3.Technical recovery and trend continuation
Despite the pullback and consolidation on October 22, the overall price structure remained intact and even strengthened, forming a classic “consolidation-to-breakout” pattern. Trading volume gradually expanded, and both support and moving averages turned upward, signaling the establishment of a new ascending channel.
Summary
Overall, Bitcoin demonstrated a structurally corrective trend within a broader consolidation phase over the past week. After the earlier sharp pullback and deleveraging phase, market sentiment improved steadily, and renewed buying activity injected resilience into the price movement. From a trading perspective, investors may continue to adopt a “buy low, sell high” strategy within the range, while closely monitoring key variables such as the Fed’s rate decision timeline, ETF capital inflows, and changes in on-chain activity—all of which remain critical drivers for Bitcoin’s short-term direction.
2. Market Dynamics and Macroeconomic Background
Capital Flows
1. ETF Fund Flows
Bitcoin ETF capital movements this week were as follows:
- October 20: -$40.4 million
- October 21: +$477.2 million
- October 22:-$101.4 million
- October 23: -$87.5 million
Bitcoin ETF Inflows and Outflows
Overall, Bitcoin ETF flows showed volatility this week, with a brief period of strong inflows followed by renewed net outflows. The data indicates that market capital remains in a state of observation and short-term balance between bullish and bearish forces.
2. Expanded Exchange Net Outflows Indicate Accumulation Phase
Recent data reveals a clear trend of Bitcoin capital outflows from exchanges.
According to CryptoQuant, Binance’s net BTC flow has remained significantly negative, with the 30-day moving average (SMA30) showing continued net outflows. This trend typically suggests that investors are transferring assets from exchanges to cold wallets for long-term holding, rather than short-term trading or selling.
Analysts generally view this as consistent with an “accumulation phase” in the market cycle, signaling a gradual recovery in investor confidence and laying the groundwork for a potential short-term bullish trend.
3. Decline in Futures Market Liquidity and Relief of Leverage Risk
The derivatives market showed weak capital movement during this period.
CryptoQuant analyst Axel Adler Jr noted that Bitcoin’s futures liquidity index remained below 45, indicating a low-liquidity environment. Bullish forces have repeatedly failed to regain control, and prices are still trading below their 30-day fair value, reflecting weakened buyer initiative. Meanwhile, open interest (OI) in Bitcoin futures dropped by around 30%, suggesting that excessive leverage has largely been flushed out.
Funding rates have normalized toward neutral levels, further reducing the risk of cascading liquidations and creating a healthier overall leverage environment.
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4. Long-Term Holders and Miners Reduce Holdings Simultaneously
On-chain data shows that long-term Bitcoin holders (LTHs) continued to distribute part of their holdings this week.
Since October 15, long-term holder supply has decreased by roughly 28,000 BTC, reflecting partial profit-taking. At the same time, miner transfers of BTC to exchanges have slightly increased, indicating that some miners are realizing profits from recent output.
Although overall selling pressure remains limited, this synchronized light selling from both long-term holders and miners suggests that caution should be maintained amid optimism.
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Overall Assessment: Transition from High Leverage to Healthy Accumulation
From October 18 to 24, Bitcoin’s capital structure reflected a “decline in exchange balances, deleveraging, institutional fluctuation, and stable long-term positioning.”
Continuous exchange outflows and reduced leverage indicate that speculative capital is decreasing, while long-term and institutional funds are gradually re-entering the market amid volatility.
This may mark a structural transition from a high-leverage, short-term speculative phase toward a healthier accumulation stage—laying the foundation for the next upward cycle.
Technical Indicator Analysis
1. Relative Strength Index (RSI 14)
According to Bitbo data, as of October 24, 2025, Bitcoin’s 14-day RSI stood at 37. This level is near the technical “oversold” threshold (RSI < 30 typically oversold, RSI > 70 overbought). The RSI hovering in the mid-low range suggests the market has not yet regained strength, but downside potential appears limited. A technical rebound phase may be emerging; if RSI breaks above 45, it could confirm a short-term bottom formation.
Bitcoin 14-day RSI
2. Moving Average (MA) Analysis
- MA5 (5-day): $110,447
- MA20 (20-day): $115,698
- MA50 (50-day): $114,923
- MA100 (100-day): $114,937
Current Price: $110,800
MA5、MA20、MA50、MA100、M200 Data
Bitcoin’s current price is trading below both the MA5 and MA20, and short-term moving averages continue trending downward, suggesting that BTC remains in a corrective phase. The MA50 and MA100 are nearly overlapping and flattening, indicating a mid-term consolidation trend. The “death cross” between the MA20 and MA50 remains unresolved, posing resistance to a short-term rebound.
If the price can reclaim and stabilize above the MA20 (around $115,700), the short-term trend may shift from weak to stable; conversely, if BTC falls below the MA5 and breaks under $110,000, it could retest the $107,000 or even $105,500 support zones.
3. Key Support and Resistance Levels
Support Levels:
In the short term, Bitcoin’s key support area lies between $106,000 and $107,000.
On October 19, when the price dropped to around $106,000, strong buying activity emerged, leading to a short-term rebound. On October 23, BTC again stabilized near $107,000, indicating active buying interest in that zone. Additionally, during October 18, 19, and 22, the price moved sideways around $107,000–$108,000, forming a crucial consolidation band within this week’s fluctuation cycle.
Resistance Levels:
Short-term resistance is concentrated between $112,000 and $114,000.
On the evening of October 20, Bitcoin faced resistance and retreated near $112,000, reflecting continued selling pressure at higher levels. Although the price briefly surged close to $114,000 on October 22, it failed to break through and subsequently consolidated lower. This region overlaps with previous high-volume trading areas and technical resistance levels, forming a major ceiling for further upward momentum.
Market Sentiment Analysis
As of October 24, the Fear & Greed Index stood at 32, remaining in the “Fear” zone, indicating an overall cautious market sentiment. Investors continue to adopt a wait-and-see attitude toward Bitcoin’s short-term movement, with limited risk appetite and no significant signs of emotional recovery.
For the week of October 18–24, daily Fear & Greed Index values were as follows: 25 (Fear), 27 (Fear), 30 (Fear), 33 (Fear), 29 (Fear), 28 (Fear), and 32 (Fear). The index fluctuated within a narrow 25–33 range, consistently remaining in the “Fear” zone, suggesting limited short-term sentiment volatility—investor confidence remains cautious but is showing mild improvement.
Overall, Bitcoin market sentiment this week exhibited a low-level consolidation pattern with gradual recovery. Although fear remains dominant, the mid-week increase to 33 points suggests that some investors began accumulating positions at lower levels, easing the previously strong risk-averse tone. However, as the index retreated to the 28–32 range in the latter half of the week, it implies that uncertainty persists, and short-term sentiment remains sensitive to macroeconomic policies, exchange liquidity conditions, and capital flow dynamics.
Fear & Greed Index Chart
Macroeconomic Background
1. U.S. Strategic Bitcoin Reserve
On October 19, research from Galaxy Research indicated that the U.S. Department of the Treasury has been authorized this year to include confiscated digital assets in its Strategic Bitcoin Reserve. Recently, following the inclusion of assets seized from the Prince Group, the reserve expanded overnight by 64%, reaching an estimated valuation equivalent to about 3.5% of the U.S. gold reserve. This move suggests that the U.S. government is gradually integrating Bitcoin into its official asset management framework, potentially constraining the supply of circulating Bitcoin in the market and providing underlying support to prices.
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2. Key Macroeconomic Data and Monetary Policy Developments
The market broadly expects that the U.S. Federal Reserve will hold its next monetary policy meeting on October 28–29 to discuss whether to further cut the federal funds rate (by an estimated 25 basis points to around 3.75%–4.00%) in response to economic slowdown. Signs of cooling in the labor market and uncertainty around government budgets and data releases have strengthened expectations for monetary easing.
The U.S. Department of Labor is scheduled to release September’s Consumer Price Index (CPI) data on October 24, a key indicator influencing the Fed’s next policy decision. If inflation continues to slow, it could reinforce expectations for looser monetary policy and increase demand for risk assets such as Bitcoin. Conversely, higher-than-expected inflation could dampen risk sentiment across markets.
3. Escalation of U.S.–China Trade Tensions under the Trump Administration
On October 22, 2025, U.S. President Donald Trump announced that if no progress is made in U.S.–China trade talks by November 1, the United States will impose an additional 155% tariff on all Chinese imports. He stated that although the U.S. seeks to maintain friendly relations with China, the persistent imbalance in economic relations leaves no choice but to take strong measures.
Furthermore, the Trump administration is considering restrictions on high-tech exports to China—such as laptops and jet engines—in response to China’s recent expansion of rare earth export controls.
These policy measures could have far-reaching implications for global supply chains, the technology sector, and financial markets. The U.S. and China are scheduled to hold trade negotiations in Malaysia on October 24 in an attempt to ease the escalating tensions.
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3、Mining Industry Developments
Hashrate Changes
Over the past seven days, Bitcoin network hashrate exhibited fluctuations but remained elevated, ranging between 1,014.88 EH/s and 1,172.14 EH/s. As of October 24, total network hashrate stood at 1.10 ZH/s, with a mining difficulty of 146.72 T. The next difficulty adjustment is expected on October 29, with an estimated increase of about 6.70% to approximately 156.55 T. Overall, the network hashrate remains high but increasingly volatile, suggesting miners continue active operations despite price and cost pressures.
Weekly Bitcoin Network Hashrate and Difficulty
Bitcoin Mining Difficulty Data
Miner Revenue
According to YCharts data, the daily total revenue of Bitcoin miners (including block rewards and transaction fees) fluctuated between $47.14 million and $57.48 million this week, as follows:
October 18: $55.53 million
October 19: $47.14 million
October 20: $57.48 million
October 21: $53.88 million
October 22: $54.75 million
October 23: $48.85 million
Overall, miner income has slightly declined compared with earlier periods, with a notable dip on October 19 mainly attributed to a sharp drop in Bitcoin’s price that day.
According to data from Jefferies (October 20), Bitcoin mining profitability fell by more than 7% in September 2025. During the same month, Bitcoin prices declined about 2%, while network hashrate increased roughly 9%, exerting dual pressure on profitability. North American publicly listed mining companies produced 3,401 BTC in September, down from 3,576 BTC in August, reducing their share of global output from 26% to 25%. Among them, MARA Holdings recorded the highest production at 736 BTC (up from 705 in August), followed by CleanSpark with 629 BTC (down from 657). Theoretical daily revenue for mining equipment clusters operating at 1 EH/s in September averaged around $52,000, lower than August’s $56,000 but still higher than roughly $43,000 a year ago.
4、Policy and Regulatory News
South Korea’s Financial Services Commission Shifts Token Listing Oversight to Direct Government Supervision
On October 20, South Korea’s Financial Services Commission (FSC) announced that regulatory authority over cryptocurrency exchange token listings will transition from a self-regulatory framework to direct government supervision. The move aims to strengthen market compliance and investor protection, preventing exchanges from abusing listing authority through internal decision-making.
South Korea’s Financial Commission Plans to Ban Interest Payments on Stablecoins, New Bill Expected by Year-End
Also on October 20, FSC Chairman Lee Bok-hyun stated during a National Assembly audit that, in principle, payment-type stablecoins will not be allowed to generate interest from holding or usage. Lee noted that South Korea will follow key principles of the U.S. “Genius Act” and explore a bank-led consortium model—limiting fintech companies to technological partnerships and prohibiting virtual asset exchanges from issuing stablecoins independently.
He confirmed that the second phase of virtual asset regulatory legislation will be submitted by the end of this year and is now in the final coordination stage. Lee further added that stablecoins have high potential for international demand in areas such as digital asset trading, payments, and cross-border remittances, and that South Korea plans to prepare early for these applications.
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Russia’s Ministry of Finance and Central Bank Agree to Legalize Cryptocurrency for Foreign Trade
On October 22, Russia’s Ministry of Finance and the Central Bank reached an agreement to legalize the use of cryptocurrencies for foreign trade transactions, according toIzvestia. Finance Minister Anton Siluanov announced the decision after the “Enhancing Economic Efficiency and Ensuring a Fair Business Environment” strategy meeting.
Siluanov stated, “We believe this sector should be legalized and its activities regulated by law. We will work closely with Rosfinmonitoring and other regulatory bodies to restore order to this field.”
He emphasized that enabling cryptocurrency settlements is a crucial step—not only for facilitating payments but also for managing cross-border capital transfers. With legalization, strengthening oversight and regulatory control will become a key priority.
5、Bitcoin-Related News
Global Corporate and National Bitcoin Holdings (Weekly Summary)
1.El Salvador Continues Steady Bitcoin Accumulation
On October 19, reports indicated that El Salvador purchased an additional 8 BTC, bringing its total holdings to 6,354.18 BTC, valued at approximately $678.7 million.
2.France’s Capital B Increases Bitcoin Holdings and Pauses Equity Expansion Plan
On October 20, according to an official statement, French-listed firm Capital B added 6 BTC to its reserves, increasing total holdings to 2,818 BTC. At the same time, the company announced a temporary suspension of its ATM-style equity issuance program with TOBAM.
3.Strategy Invests $18.8 Million to Expand Bitcoin Position
On October 20, Strategy disclosed the purchase of 168 BTC at an average price of approximately $112,051 per BTC, totaling about $18.8 million. As of October 19, 2025, the company held 640,418 BTC purchased at an average cost of $74,010 each, for a total investment of around $47.4 billion. Its year-to-date (YTD 2025) Bitcoin return stands at 26%.
4.Brazil’s OranjeBTC Acquires 10 BTC, Exceeding 3,700 BTC in Holdings
On October 20, Brazilian Bitcoin financial company OranjeBTC announced the purchase of 10 BTC at an average price of $108,786 per coin, totaling about $1.09 million. The company now holds 3,701 BTC in total, with an accumulated investment of roughly $390.16 million and an average cost basis of $105,422 per BTC, achieving a year-to-date return of 1.7%.
5.U.K.’s The Smarter Web Company Adds 10 BTC to Its Reserves
On October 21, The Smarter Web Company, a U.K.-listed firm, announced the purchase of 10 additional BTC, bringing its total holdings to 2,660 BTC. The company continues its prudent asset allocation strategy, maintaining Bitcoin as a long-term reserve asset.
6.Thailand’s RSXYZ Purchases 21.97 BTC for $2.45 Million
On October 21, Thailand-listed RSXYZ Public Company Limited (Ticker: XYZ) disclosed that it purchased 21.97 BTC at an average price of $111,440, for a total investment of about $2.45 million. RSXYZ’s total holdings now stand at 74.97 BTC, with cumulative investment reaching approximately $8.44 million and an average cost of $112,628 per BTC.
7.Hyperscale Data’s Bitcoin Assets Account for Nearly 70% of Its Market Cap
On October 21, according to PRNewswire, U.S.-listed Bitcoin treasury firm Hyperscale Data (NYSE American: GPUS) announced that its Bitcoin reserves total around $60 million—roughly 66% of its current market capitalization. The company also allocated $43.7 million in cash for its subsidiary Sentinum to purchase Bitcoin on the open market. Executive Chairman Milton “Todd” Ault III stated that the company will continue a dollar-cost averaging strategy to hedge against short-term volatility, targeting Bitcoin holdings equal to 100% of its market capitalization as part of its $100 million digital asset reserve strategy.
8.U.K.’s B HODL Further Expands Bitcoin Holdings
On October 21, U.K.-listed B HODL (Ticker: HODL) acquired an additional 6 BTC, increasing total holdings to 148 BTC. The company continues its consistent accumulation strategy, positioning Bitcoin as its core reserve asset.
9.Germany’s aifinyo AG Launches Long-Term Bitcoin Treasury Strategy
On October 21, German fintech firm aifinyo AG announced a €3 million Bitcoin purchase and unveiled plans to accumulate over 10,000 BTC by 2027. With strategic backing from UTXO Management, the company is adopting a “pure Bitcoin treasury model,” steadily purchasing BTC using operational cash flow for long-term holding without short-term trading. aifinyo AG serves over 8,000 B2B clients in invoicing and corporate financing, ensuring stable cash inflows to sustain its Bitcoin acquisition plan.
10.Spain’s Vanadi Coffee Increases Holdings to 109 BTC
On October 22, data from BitcoinTreasuries.NET showed that Spain-listed Vanadi Coffee (Ticker: VANA.MC) purchased 2 BTC, bringing total holdings to 109 BTC. The company continues to follow a cautious digital asset expansion strategy through small incremental purchases.
11.Australia’s Monochrome Spot Bitcoin ETF Surpasses 1,100 BTC in Holdings
On October 23, according to an official announcement, Australia’s Monochrome Spot Bitcoin ETF (IBTC) disclosed total holdings of 1,101 BTC, with a market value exceeding AUD 183 million.
Jay Chou’s Friend Allegedly Missing After Managing Over NT$1 Billion in Bitcoin Investments
On October 19, Jay Chou’s friend Tsai Wei-ze, who had managed Bitcoin investments worth over NT$1 billion (approx. USD 30 million) on Chou’s behalf, has been missing for a year after claiming his account was locked. The assets have yet to be returned.
Jay Chou recently posted on Instagram seeking help to locate Tsai, writing, “If anyone sees this magician who made himself disappear, please let me know. You think I’m not a magician too? If you don’t show up soon, you’re finished.” He later unfollowed Tsai on social media.
Sources revealed that Tsai had previously claimed he was attempting to recover access to the locked account and asked for more time, saying that many people were demanding repayment from him. Tsai, known as Jay Chou’s magician friend and a frequent performer on his tours and travel programs, reportedly began his career at age 19 and was later taken under Chou’s wing. Jay Chou’s management company, JVR Music, has declined to comment.
Tsai later stated online that he was “temporarily suspending social media use.” Taiwanese media report that the two appear to be involved in a financial dispute over the missing Bitcoin investment. Despite Jay Chou’s private messages, Tsai has not responded, leading Chou to make the issue public. Community users later noticed that Jay Chou deleted his original post but kept Tsai unfollowed.
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Jack Dorsey: “Bitcoin Is Not a Cryptocurrency—ItIsMoney”
On October 19, Twitter co-founder Jack Dorsey stated on social media that “Bitcoin is not a cryptocurrency; Bitcoin is money,” reaffirming his long-held belief in Bitcoin as a fundamental monetary system rather than a speculative digital asset.
Independent Miner Successfully Mines Block 919923, Earning 3.126 BTC
On October 20, according to data from mempool, an independent Bitcoin miner successfully mined block 919923 at 16:19:16, receiving a block reward of 3.126 BTC—valued at approximately $347,700.
Changpeng Zhao Predicts Bitcoin Market Cap Will Eventually Surpass Gold
On October 21, Binance founder Changpeng Zhao (CZ) wrote on the X platform that he believes Bitcoin’s market capitalization will eventually surpass that of gold. “I don’t know when it will happen,” he said, “but it will happen—it’s only a matter of time.”
Walmart to Accept Cryptocurrency Payments via OnePay Cash
On October 21, CNBC reported that retail giant Walmart plans to accept cryptocurrency payments through its fintech subsidiary OnePay Cash.
Earlier reports revealed that Walmart-owned OnePay will launch cryptocurrency trading and custody services in its mobile app later this year, allowing users to buy and sell Bitcoin and Ethereum. The service will be offered in partnership with digital asset infrastructure provider Zerohash.
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Trader Nachi Turns Fully Bullish on Bitcoin, Predicts $200,000 Within 6–12 Months
On October 22, Binance trader Nachi announced that he had closed all short positions and shifted entirely to long perpetual futures, expressing strong bullish conviction. He stated that last Friday likely marked Bitcoin’s key bottom and that capital is flowing from gold into Bitcoin.
Nachi expects Bitcoin to break above $200,000 and Ethereum to surpass $10,000 within the next 6 to 12 months.
U.S. Department Store Chain Bealls Begins Accepting Cryptocurrency Payments
On October 22, U.S. department store chain Bealls, with a 110-year history, announced that it now accepts cryptocurrency payments through the digital payment platform Flexa. The company will support dozens of cryptocurrencies, including Bitcoin, Ethereum, and major stablecoins.
Bealls operates more than 650 stores across 23 southern and western U.S. states, employs roughly 10,000 people, and records annual sales exceeding $1.9 billion.
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Eric Trump: “Bitcoin Will See an Explosive Q4—Could Reach $1 Million”
On October 22, Eric Trump, son of U.S. President Donald Trump, stated in an interview that he “absolutely believes Bitcoin will reach $1 million,” predicting that Bitcoin could surpass $200,000 before the general public fully realizes its potential.
He said, “We’re entering an incredible fourth quarter—one that will be extraordinary for Bitcoin and the entire crypto market.” He added that surging global money supply and economic uncertainty are ushering in a new “golden era” for cryptocurrencies, emphasizing, “This is only the beginning.”
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Russia’s Alfa Bank Launches Bitcoin Buy-and-Sell Services
On October 23, Russia’s banking giant Alfa Bank officially announced the launch of Bitcoin trading services, allowing clients to buy and sell BTC directly through its platform.
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Standard Chartered Predicts Bitcoin Could Reach $200,000 by Year-End
On October 23,Bitcoin Newsreported that Standard Chartered Bank projects Bitcoin’s price could reach $200,000 by the end of this year, citing growing institutional adoption and tightening Bitcoin supply as key drivers.
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The Wall Street Journal: Donald Trump Pardons Binance Founder Changpeng Zhao
On October 23,The Wall Street Journalreported that U.S. President Donald Trump has granted a presidential pardon to Binance founder Changpeng Zhao (CZ). According to sources, Trump signed the pardon on Wednesday, expressing sympathy for what he called “political persecution” surrounding Zhao and others connected to the crypto industry.
Following the announcement, CZ posted on social media expressing deep gratitude for the pardon and for President Trump’s “commitment to fairness, innovation, and justice.” He pledged to help the United States become the global capital of cryptocurrency and to promote Web3 development worldwide.
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