🌇 Bitcoins Path to $125K: Will History Repeat Itself?
⚡ CryptoTrendz - 📌 What’s Trending?:
Bitcoin is showing signs of a potential breakout past $125K, with patterns recalling its 2021 surge. As market sentiment strengthens, Bitcoin faces key price levels for October 29. Meanwhile, major players like CoinShares and Wintermute continue to fuel cryptos bullish momentum. ✨Here’s an overview:
🔖 Market Signals and Bitcoin Trends:
🔹Bitcoin eyes a run beyond 125,000 as Nasdaq echoes 2021 patterns. Dollar breakouts shape BTC tops, hinting at a possible new high. XRP charts show volatility but point to a possible rally. Dogecoin faces risk of a fresh 10% drop as momentum shifts. #### 🔖 ETFs, ETPs and Institutional Moves:
🔹Toncoin ETP launches as TON market cap slips below 6B. TAO ETP heads to SIX Swiss Exchange, signaling ETF season. BitGo expands custody to Canton Network’s native token. Institutional demand grows for regulated crypto access and products. #### 🔖 Regulation, Policy and Legal Landscape:
🔹Senate Democrats demand answers on Trump’s pardon of CZ. SDNY judge denies OpenAI bid to strike a book download claim. Fedi unveils multi-sig guardians for federated Bitcoin e-cash mints. XRP price charts hint at a rally toward targets around $3. #### 🔖 Mining, Energy and Infrastructure:
🔹Brazilian solar firm Thopen eyes Bitcoin mining to soak surplus power. TeraWulf plans to raise $500M as it bets AI powers Bitcoin. Avalanche attracts attention but token remains far below peak. Wintermute shifts bullish as market maker sentiment turns positive.