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Bitcoin Blasts Past $116K as ‘Uptober’ Propels Crypto Market Cap to $4T

by admin October 1, 2025

In brief

Bitcoin has pushed above $116,000, tipping the total crypto market capitalization over the $4 trillion mark.
Analysts cited ETF flows, macroeconomic optimism, and a historically bullish fourth quarter trend as key drivers.
A sharp drop in the options skew shows traders are abandoning downside protection.

‘Uptober’ is off to a good start. Bitcoin surged past $116,000 Wednesday morning, erasing most of its losses from the past two weeks and propelling the total market capitalization of all cryptocurrencies to $4.09 trillion.

At time of publication, Bitcoin is trading at $116,441, up 3.1% on the day, per CoinGecko data.

The bullish momentum ignited a cascade of liquidations, wiping out roughly $60 million in short positions during the London session, according to Coinalyze data. The rally has also boosted Bitcoin’s year-to-date gains, climbing from 15% last Friday to 25% as of October 1.

Bitcoin’s dominance rebounded from 57% to 59% as the price broke through the $114,000 hurdle, which “suggests a healthier market structure,” Glassnode noted in an October 1 Telegram post. Based on their analysis, Bitcoin-led rallies are more sustainable than altcoin-driven uptrends.

On prediction market Myriad, launched by Decrypt’s parent company DASTAN, users put a 63% chance on Bitcoin dominance surging to 63% rather than dropping to 53%.

Bitcoin’s Q4 outlook

A confluence of factors is driving the uptick, experts told Decrypt.

Bitcoin’s rise stems from “structural demand, sustained exchange-traded fund flows, and a strong positioning from institutions,” Shawn Young, MEXC’s chief analyst, told Decrypt.

This optimism is further reflected in options data. A 55% decline in Bitcoin’s 25 delta skew signals a significant decrease in demand for downside protection, reflecting growing investor confidence.

“Traders may be anticipating a bullish fourth quarter for crypto,” Derek Lim, head of research at Caladan, told Decrypt, suggesting this may be becoming a self-fulfilling prophecy.

Over the past 12 years, the fourth quarter has consistently returned a median gain of more than 50% for Bitcoin, per Coinglass data.

Broad macroeconomic conditions are also being interpreted optimistically by the market, according to Lim. He noted that the U.S. government shutdown, the subsequent pause in data releases, and the Fed’s dovish stance are creating a favorable environment.

The slight decline in the S&P 500 during today’s electronic trading hours amid Bitcoin’s uptick suggests a potential capital rotation into crypto, Lim added.

Indeed, predictors on Myriad have turned markedly more bullish on Bitcoin’s price outlook, placing a chance of over 65% on it topping $125,000 rather than dropping to $105,000—up from just 53% the day before.

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October 1, 2025 0 comments

NFT Gaming

Metaplanet’s Bitcoin holdings surpass 30,000 BTC, now fourth-largest corporate holder

by admin October 1, 2025

Metaplanet is cementing its position as one of the most aggressive corporate adopters of Bitcoin, steadily expanding its treasury strategy.

Summary

Metaplanet confirmed the acquisition of 5,268 BTC on Oct. 1, worth $615.7 million at an average price of $116,870 per coin.
Its total Bitcoin holdings now stand at 30,823 BTC, acquired at a cumulative cost of $3.33 billion.
The firm now ranks fourth among corporate Bitcoin holders worldwide, while remaining the largest listed holder in Asia.
Metaplanet recently expanded operations with new subsidiaries in the U.S. and Japan.

Metaplanet’s Bitcoin holdings have officially reached the 30,000 BTC milestone. The Tokyo-listed firm confirmed the acquisition of 5,268 BTC on October 1, worth about $615.7 million at an average price of $116,870 per coin.

With this purchase, Metaplanet’s total holdings now stand at 30,823 BTC (BTC), acquired at a cumulative cost of $3.33 billion, about $107,912 per bitcoin. The company also reported a 497.1% year-to-date yield in 2025, reflecting the strength of its accumulation strategy, particularly after Bitcoin’s strong rally a few months ago.

Metaplanet has acquired 5268 BTC for ~$615.67 million at ~$116,870 per bitcoin and has achieved BTC Yield of 497.1% YTD 2025. As of 10/1/2025, we hold 30,823 $BTC acquired for ~$3.33 billion at ~$107,912 per bitcoin. $MTPLF pic.twitter.com/fZ6nzJ8QGC

— Simon Gerovich (@gerovich) October 1, 2025

According to data compiled by crypto.news, the current holdings place the Japanese Bitcoin treasury firm fourth among the largest corporate Bitcoin holders. It also remains the largest holder among listed companies in Asia.

Metaplanet’s accumulation through the year has been funded mainly via international share offerings and reinvested revenue. The firm also recently secured additional capital through an overseas share offering to channel fresh funds directly into Bitcoin purchases, suggesting that further acquisitions may soon follow.

Alongside building one of the largest corporate Bitcoin treasuries, the company has also begun broadening its business structure.

Metaplanet advances Bitcoin treasury strategy with business expansion

In September, Metaplanet announced the establishment of two subsidiaries in the United States and Japan, marking the first major expansion of its business since adopting its BTC-focused treasury strategy in 2024.

The company said the U.S. subsidiary will handle income generation through derivatives trading and related services, while the Japan-based unit will focus on media, events, and other Bitcoin-related services. CEO Simon Gerovich has regularly indicated that the company’s dual-phase strategy is driven by the belief in Bitcoin as a strategic hedge and growth engine, emphasizing the long-term bet on the asset.

With its 30,000 BTC milestone, Metaplanet has now achieved its year-end target set earlier in May. It remains to be seen whether the company can maintain its current pace of accumulation to meet its longer-term goals of 100,000 BTC by 2026 and 210,000 BTC by 2027.

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October 1, 2025 0 comments

Crypto Trends

Telegram CEO Pavel Durov Says Bitcoin Helped Fund His Lifestyle

by admin October 1, 2025

Telegram founder and CEO Pavel Durov revealed that he invested in Bitcoin in its early days and has used his holdings to support his lifestyle. Speaking on Lex Fridman’s podcast, the Russian entrepreneur said he bought his first few thousand Bitcoins in 2013, paying around $700 per coin.

“I was a big believer in Bitcoin since more or less the start of it,” Durov said. He admitted that the price dropped below $200 after his purchase, but he remained confident. “I don’t care. I’m not going to sell it. I believe in this thing,” he added.

Bitcoin as a financial safety net

Durov explained that Bitcoin helps him fund personal expenses, including renting luxury locations and flying private. He emphasized that Telegram is a money-losing operation for him personally. “Bitcoin is something that allowed me to stay afloat,” he said.

He also predicted that Bitcoin could eventually reach $1 million due to continuous government money printing. “Nobody’s printing Bitcoin. It has predictable inflation and will stop being made at a certain point,” he explained.

TON blockchain and NFT growth

Durov also discussed Telegram’s blockchain project, the Telegram Open Network (TON). Designed in 2018-2019, TON aimed to provide scalable blockchain support for Telegram’s millions of users, which he said Bitcoin and Ethereum couldn’t handle efficiently. The key innovation was shardchains, allowing high scalability.

Although regulatory issues prevented Telegram from fully rolling out TON in the US, the project is still going on as The Open Network. It is currently a significant participant in NFT trading.

Meanwhile, Toncoin, the network’s native token, is currently trading at $2.67 with a market cap of almost $6.8 billion, according to CoinMarketCap data.

Also Read: Pavel Durov Claims French Intel Tried Pressuring Telegram Channels

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October 1, 2025 0 comments

GameFi Guides

Tether Stacks More Bitcoin With Fresh 8,888 BTC Acquisition Worth $1 Billion

by admin October 1, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Leading stablecoin issuer Tether appears to have acquired another 8,888 Bitcoin (BTC), worth approximately $1 billion. On-chain analytics platform Onchain Lens confirmed the purchase in an X post earlier today.

Tether Continues To Stack Bitcoin

Tether, the issuer of the top USD-pegged stablecoin USDT, today purchased another 8,888 BTC, increasing its total Bitcoin reserves to new highs. Onchain Lens said that Tether acquired it on the last day of Q3, 2025.

Following the Bitcoin purchase, Tether CEO Paolo Ardoino confirmed the acquisition in an X post, saying, “yeah.” With today’s purchase, Tether’s total holdings now stand at almost 10,940 BTC.

Tether’s total BTC holdings have propelled it to second position among private companies with the most BTC reserves. The list is currently led by Block One, which currently holds 164,000 BTC, worth roughly $18.5 billion.

In the overall list, including public companies, Tether is now ranked third, behind Strategy, which leads the list by far, holding 640,031 BTC on its balance sheet, according to data from Coingecko.

It should be noted that this is not the first time that Tether has acquired such a huge amount of BTC. The company purchased a similar amount of BTC and transferred it to its wallet at the end of Q1, 2025.

To recall, Tether started buying BTC as part of its reserves back in September 2022. Subsequently, in May 2023, the firm announced that it would allocate up to 15% of its net profits each quarter to purchase more BTC.

Since announcing its BTC buying strategy, Tether has consistently enhanced its BTC reserves as part of its long-term diversification strategy. It is worth noting that Tether-backed Bitcoin treasury firm Twenty One also holds around 43,514 BTC currently.

Tether’s Bitcoin reserve wallet address, starting with “bc1qj” is also among the top ten single address holders of BTC. The wallet trails several centralized exchange cold wallets, such as those of Binance.

The Rush For Accumulating BTC

Tether’s move to accumulate BTC is not an isolated incident. An increasing number of firms have been actively purchasing BTC over the last few years, seeing the digital asset’s extraordinary price appreciation in a relatively short period.

For instance, Strategy recently added to its already high amount of BTC holdings, purchasing 196 BTC. Similarly, Cyprus-based ship-owning firm Robin Energy recently made its first BTC acquisition, as it bought the flagship cryptocurrency worth $5 million.

The trend of companies buying BTC in large amounts is likely to dry up the asset’s active circulating supply, as confirmed in a recent report by Fidelity. This could put further upside price pressure on BTC. At press time, BTC trades at $113,219, down 0.4% in the past 24 hours.

Bitcoin trades at $113,219 on the daily chart | Source: BTCUSDT on TradingView.com

Featured image from Unsplash.com, chart from TradingView.com

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October 1, 2025 0 comments

GameFi Guides

Bitcoin Rally Pushes Crypto Into Green for September, But Alts Are Lagging: Analysis

by admin October 1, 2025

In brief

The crypto market is poised to close in the green for September as Bitcoin rallies above $114k.
Altcoins like ADA and DOGE, though, aren’t faring nearly as well.
Technical indicators and prediction market data diverge on the near and long-term market view.

The crypto market is nursing another day of modest losses—but they’re modest enough to escape the seasonal September curse.

Despite the sea of red today, with 82% of the top 100 coins by market cap registering losses, September is poised to end in green, with an average monthly gain of 2.7%. For those curious, if we remove Bitcoin from the equation, the altcoin market is still up roughly 0.7% for the month. Not bad, all things considered.

The global cryptocurrency market cap now stands at $4 trillion, down less than 1% over the past 24 hours, according to CoinGecko. Bitcoin has managed a modest rebound, currently trading at just over $114,400. Ethereum, meanwhile, has itself climbed roughly 1% to around $4,200. Other prominent altcoins though, such Cardano and Dogecoin, aren’t faring as well.

As we zoom out, traditional markets are showing mixed signals today. The S&P 500 and Nasdaq posted modest gains as investors digest earnings reports from tech giants. But the real action is happening in the commodities market. Gold continues its relentless march higher, trading at $3,822 per ounce after climbing 0.07% on the day—up a staggering (in terms of the gold market) 30% year-over-year. The precious metal’s strength reflects ongoing concerns about inflation, tariff policies, and tensions in the Middle East that keep oil prices elevated.

The crypto market’s correlation with traditional risk assets remains intact, but with a twist: While Bitcoin increasingly behaves like digital gold during market stress, altcoins are getting hammered in the rotation to relative safety. The Altcoin Season Index, which measures the strength of crypto assets against Bitcoin, plunged from 77 to 58 points over the past week, signaling that traders are either fleeing to Bitcoin or exiting the market entirely.

Bitcoin (BTC) price: The market leader holds the line

Bitcoin continues to demonstrate remarkable resilience, trading above $114,000—up nearly 1% on the day despite broader market weakness. The flagship cryptocurrency has entered what Bitfinex analysts describe as a “cooling phase” that could lead to an explosive move to the upside.

Bitcoin price data. Image: Tradingview

The technical picture shows Bitcoin maintaining its golden cross formation, where the 50-day moving average (EMA50) sits comfortably above the 200-day line (EMA200). That means that the average price of Bitcoin over the short term is trading higher than the average price over the longer term. It’s a traditionally bullish configuration that suggests the medium-term trend remains intact.

Momentum indicators, however, tell a more nuanced story. Traders use the Squeeze Momentum Indicator to show what kind of market phase an asset is currently trading in, be it a bullish/bearish impulse or bullish/bearish trend. This indicator has flipped bearish, marking a shift in short-term direction that often precedes deeper corrections when combined with other weak signals.

The Average Directional Index, or ADX, for Bitcoin sits at just 18, well below the 25 threshold that traders use to confirm strong trend establishment. Think of ADX as a trend strength meter: readings below 20 indicate directionless trading where neither bulls nor bears have control, while readings above 25 signal a mature trend with follow-through potential. Bitcoin’s weak ADX reading means the market lacks conviction to push decisively higher or lower, leaving it vulnerable to external shocks from macroeconomic events or regulatory developments.

In these moments, traders will often opt to set take-profit or stop-loss calculations on any open position, since markets under these conditions tend to bounce around a lot within specific support and resistance levels. For Bitcoin, that range is currently within $108K to $118K.

The Relative Strength Index, or RSI, for Bitcoin is currently at right around 50. RSI measures momentum on a scale from 0 to 100. A score of 50 indicates a balanced market trying to digest how strong this multi-month correction might be. However, the combination of weak trend strength and bearish Squeeze Momentum creates a wait-and-see environment where traders are content to let Bitcoin consolidate its year-to-date gains before committing fresh capital.

In terms of sentiment, prediction market data reflects the near-term bearishness seen in the charts. Traders on Myriad, a prediction market operated by Decrypt’s parent company Dastan, largely expect more red candles on the Bitcoin chart before tomorrow afternoon, placing those odds at 74%.

Myriad traders are also currently split on Bitcoin’s next direction, with 53% odds placed on an upward move toward $125K (a new all-time high) and 47% odds on a dip back down to $105K. For context, Myriad traders are much more bullish on gold at the moment, placing odds at 70% that the precious metal outperforms its digital counterpart for the rest of 2025.

Key Levels:

Immediate support: $109,000 (recent consolidation zone)
Strong support: $106,000 (psychological level and options concentration)
Immediate resistance: $116,000 (recent rejection point)
Strong resistance: $120,000 (approach to all-time high territory)

Cardano (ADA) price: Long-term bull meets short-term bear

Cardano, the ETH competitor developed by Ethereum co-founder Charles Hoskinson, today finds itself in an interesting position, according to the charts.

The token, which traders as ADA, is down roughly 1% today, trading at just above $0.80. That’s enough for a $29 billion market cap, but off by around 74% from its all-time high of $3.09 four years ago.

Cardano (ADA) price data. Image: Tradingview

Still, for ADA bulls, the long-term structure remains encouraging.

The 50-day EMA for Cardano sits above the 200-day EMA and in that “golden triangle” formation that traders love so much. But the short-term momentum is soft, and the gap between the moving averages is closing, pointing to a possible “death cross” in the future.

A death cross is basically the opposite of a golden cross. If the EMA50 trades below the EMA200, it generally means the longer you hold, the more you lose. It is usually considered a solid indicator of a bearish trend, just as much as the golden cross is considered bullish for the same reasons.

The RSI for ADA is at 40, which sits in bearish-to-neutral territory, signaling consistent—if not panicky—selling. The ADX at 22 underscores the lack of a decisive trend, aligning with choppy, range-bound trading. The Squeeze Momentum Indicator in the “off” status shows bearish momentum, suggesting the downward move is already in progress rather than coiling for a breakout.

The price of ADA slipped below the psychologically important $0.80 today, with lower highs forming near-term. The market appears range-bound between roughly $0.75 (support near the EMA200) and $0.85 (resistance near the EMA50). Bulls need a reclaim and hold above $0.80–$0.82 to flip momentum; otherwise, a test of $0.75–$0.76 remains on the table.

At the moment, Myriad traders lean bullish, with the market setting the line at 55% that ADA sooner pumps to $1 than dumps all the way down to $0.60.

Key Levels:

Immediate support: $0.750 (range bottom)
Immediate resistance: $0.809 (today’s high)
Strong resistance: $0.850 (range top)

Dogecoin (DOGE) price: Channel support test in play

Dogecoin, the OG meme coin, fell as much as 3.3% today to $0.227 after opening at $0.235, testing critical support within an otherwise constructive longer-term setup. The day’s range—$0.236 high to $0.227 low—is a clear indication of the near-term weakness after a major correction from mid-September.

Dogecoin (DOGE) price data. Image: Tradingview

Like ADA, DOGE enjoys a 50-day EMA above the 200-day EMA. Price action is tracing a rising channel, with price now hovering near the channel’s lower boundary and the EMA band—often a “buy zone” for trend followers. Hold that level and a rebound toward $0.24–$0.26 is plausible; lose it, and a breakdown toward $0.21–$0.22 becomes more likely.

RSI at 43 is neutral-to-bearish, while ADX at 17 signals “no clear trend”—conditions that punish breakout attempts and favor range tactics (buying support, selling resistance). The Squeeze Momentum Indicator mirrors ADA: bearish momentum with the squeeze “off,” implying the down move is underway rather than loading.

Despite near-term weakness, Dogecoin’s fundamental backdrop has improved significantly. Bloomberg analyst Eric Balchunas is certain we’ll have a Dogecoin ETF approved by year-end, potentially opening doors for pension funds and institutional portfolios to gain DOGE exposure through regulated investment vehicles.

We all know what ETFs have done for Bitcoin and Ethereum—billions upon billions in fresh capital that have played a critical role in a multi-year bull market for crypto. Dogecoin holders are no doubt wondering if there will be enough left for them too.

Key Levels:

Immediate support: $0.227 (psychological channel lower boundary and EMA200)
Immediate resistance: $0.236 (today’s high and EMA50)
Next resistance: $0.25 (apparent zone, not strong but still in play)

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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October 1, 2025 0 comments

NFT Gaming

Bitcoin Spot Market Regains Momentum On Binance: A Shift In Investor Behavior

by admin September 30, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin is experiencing a modest surge after enduring days of persistent selling pressure, offering temporary relief to traders. Despite the bounce, price action continues to struggle at higher levels, and momentum remains uncertain. Bulls are attempting to stabilize the market, but conviction is still lacking, leaving investors cautious about whether the rebound can develop into something more sustained.

Related Reading: Bitcoin Wholecoiner Inflows Decline To Lowest Levels Since November 2023 – Details

Adding to the discussion, top analyst Darkfost shared insights pointing to an important shift in trading dynamics. According to him, spot buying is making a notable comeback on Binance, an exchange where derivatives activity has traditionally dominated since the launch of Futures. Historically, the average trading ratio on Binance has leaned heavily toward leveraged products, reflecting the speculative nature of market participation.

However, during specific periods, such as today, spot markets regain strength and capture a larger share of trading flows. Darkfost highlights that this return of spot demand is a key signal, as it often reflects genuine capital entering directly into Bitcoin rather than leveraged positioning. This can serve as a stabilizing factor, consolidating market structure and building stronger foundations for a potential recovery.

Spot Market Dynamics: A Shift Toward Sustainable Growth

Analyst Darkfost explains that the recent uptick in spot buying reflects a meaningful change in investor behavior. Instead of focusing on the fast-paced speculation of derivatives, more traders are allocating capital directly into Bitcoin itself. This shift is significant because spot purchases represent actual ownership of BTC, making them more sustainable than leveraged bets that can unwind quickly.

Binance Spot vs Futures Dominance | Source: Darkfost

Darkfost explains that when spot activity increases, it signals fresh capital flowing into the market. These inflows strengthen the underlying market structure, reducing reliance on speculative leverage and laying a sturdier foundation for price stability. Historically, periods where spot flows dominate have often coincided with the early phases of short- or medium-term bullish recoveries. These stages are marked by consolidation, where strong hands accumulate and prepare the market for the next leg upward.

Beyond Bitcoin, the spot trend also extends to altcoins traded on Binance. Current data highlights large spot volumes in tokens such as BNB, which recently reached a new all-time high, Alpine — the Formula 1 team’s fan token — and PUMP, the meme-inspired token from Pumpfun. These flows illustrate that when investors turn to spot markets, liquidity and interest often spill over into highly active altcoins, amplifying broader market momentum.

Bitcoin Faces Resistance After Sharp Rebound

Bitcoin is trading around $113,400 after staging a sharp recovery from lows near $110,000 earlier in the week. The 8-hour chart shows a strong bounce, but momentum has now slowed as the price approaches a cluster of resistance levels. The $117,500 zone, marked in yellow, continues to act as the key ceiling. It has rejected multiple rallies since August and remains the level bulls must reclaim to unlock higher momentum.

BTC facing resistance | Source: BTCUSDT chart on TradingView

Moving averages offer further context. The 50-period (blue) and 100-period (green) moving averages are converging just below the current price, while the 200-period (red) remains overhead near $115,000. Bitcoin’s failure to close above the red line in previous attempts underlines the significance of this barrier. Until the market clears both the 200 MA and the $117,500 horizontal resistance, upward momentum remains fragile.

On the downside, support sits near $110,000, which cushioned the recent decline and provided the base for this rebound. A breakdown below that level would likely intensify selling pressure and expose BTC to deeper losses.

Featured image from Dall-E, chart from TradingView

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September 30, 2025 0 comments

Crypto Trends

Kentucky State Senator Sued Over Bitcoin Mining Business

by admin September 30, 2025

In brief

Kentucky Senator Brandon Smith faces two lawsuits over his Bitcoin mining repair company Mohawk Energy, including claims of misrepresentation and breach of contract.
Smith, who authored Kentucky’s 2021 crypto mining tax incentive bill, denies all allegations and has filed counterclaims against both plaintiffs.
The legal troubles highlight growing pains in the U.S. crypto mining sector, which expanded 23% between 2022 and 2024.

Kentucky Sen. Brandon Smith (R-Hazard) is facing two separate legal cases related to a Bitcoin mining repair business he founded in Letcher County, Kentucky.

Smith is the CEO and co-founder of Mohawk Energy, which in 2022 pivoted from coal cleanup operations to ASIC repair and other Bitcoin mining services.

Local outlet, Lexington Herald Leader, reports that Ricky Dale Cole sued Smith in Letcher Circuit Court in January, accusing the lawmaker of misrepresenting the value of Mohawk Energy.

Cole claims that he sold a warehouse to Mohawk, agreeing with Smith to sell the premises below market price in return for a 20% stake in the business.

Yet Cole’s suit alleges that the company has refused to share info about its finances and that he has not profited from the deal. He also alleged that Smith made false promises and representations.

This suit comes in addition to a case filed in November 2023 by Huobi-subsidiary HBTPower, which alleges breach of contract and misrepresentation, following an agreement with Mohawk Energy in June 2022.

According to HBT’s allegations, Smith had made a deal to work with HBTPower employees to train his own workers and acquire the in-house ability to repair Bitcoin mining machines.

However, Smith and other Mohawk representatives eventually asked HBTPower personnel to leave Mohawk’s premises, with HBTPower claiming that Smith did not own the warehouse at the time he entered into a contract with the Chinese company.

Smith has denied the allegations against him, and has filed counterclaims against both plaintiffs.

Despite the legal difficulties surrounding Mohawk’s pivot to crypto, Smith remains optimistic about the industry’s future in the US and in Kentucky.

Smith had been instrumental in securing the passage of several crypto-related bills in Kentucky, including a 2021 bill—which he authored—that provides tax incentives for investments in cryptocurrency mining.

Speaking to Decrypt in his capacity as Mohawk Energy CEO, Smith said that the company is “excited” to return to its mission of “job creation and training” once the litigation is over.

“While it is unfortunate that Huobi and its shell subsidiary HBTPower breached their eight year contract and refused to start operating at the Mohawk plant, that does not impact Mohawk’s long term plans to bring more jobs and technology training to the region,” he said. “Our counter suits to the complaints explain our position.”

Mohawk’s difficult pivot came during a period when the U.S. cryptocurrency mining sector witnessed rapid expansion, with Bitcoin mining sites in the U.S. increasing in number by 23% between 2022 and 2024, to 48.

According to Shanon Squires, the Chief Mining Officer at Compass Mining, such growth has continued this year, as evidenced by Bitcoin’s hashrate reaching new all-time highs recently.

“In the U.S., that momentum is especially visible in states like Texas and Wyoming,” she told Decrypt. “The expansion seems to be mostly coming from existing companies, rather than from new players entering the market.”

While affirming that the American cryptomining industry has become increasingly professionalized in recent years, there is still some degree of variability, with some endeavors “popping up and fading” quicker than others.

She added, “While Bitcoin mining is no longer the ‘wild west’ it once was, companies still need to do their homework and work with established partners that have proven themselves through multiple cycles.”

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September 30, 2025 0 comments

GameFi Guides

Bitcoin Price to $150,000? These 5 Metrics Might Be Key to Watch

by admin September 30, 2025

The Bitcoin (BTC) price plunged from $115,000 to $108,000 last week in a bearish move that stunned investors. However, the flagship coin is on a rebound move, climbing by over 0.60% in the last 24 hours. CryptoQuant, a crypto analytics platform, has highlighted five key metrics to watch for a bullish rally to $150,000.

Bitcoin trigger metrics to watch

According to CryptoQuant, broader market sentiments suggest that Bitcoin, which is currently moving sideways, might be consolidating for a sharp upward move. Notably, 10 billion Tether (USDT) have been minted by the stablecoin entity in the last 60 days.

This is a bullish signal as fresh USDT means more liquidity entering the market for the likely purchase of Bitcoin and other crypto assets.

Another bullish indicator is the stablecoin supply ratio (SSR), which showcases purchasing territory. For clarity, SSR compares Bitcoin’s market capitalization to the supply of stablecoins. When the SSR is low, it suggests that there is more stablecoin “buying power.” With market conditions indicating oversold conditions, it favors Bitcoin buying pressure.

Stablecoin Supply Ratio RSI Signals Buy 🔍

The Stablecoin Supply Ratio (SSR) RSI is at 21, and is ‘buy’ territory. The Stablecoin Supply Ratio (SSR) measures the buying power of stablecoins relative to Bitcoin.

It’s calculated by dividing Bitcoin’s market cap by the market cap… pic.twitter.com/ZXV9UE7p5y

— CryptoQuant.com (@cryptoquant_com) September 30, 2025

Additionally, long-term accumulators of Bitcoin have been busy. These are wallets that buy the asset and never sell, like Strategy Inc. These investors, who are stacking the digital asset, have stacked 298,000 BTC, which indicates a bullish pattern.

The increase in accumulation by these sets of investors signals that they are positive about the coin climbing higher in the market.

As of press time, Bitcoin is changing hands at $112,958.16, which represents a 0.84% increase in the last 24 hours. The coin earlier hit a peak of $114,836.62 before the slip as a result of market volatility. However, the movement suggests potential for Bitcoin to set a new price record in the coming days.

The coin, supported by rising trading volume, could soar toward the $150,000 price target. Volume has spiked by 29.08% to $62.08 billion within this time frame.

Breaking key resistance could open path to $150K

Meanwhile, CryptoQuant analysis projects that once Bitcoin is able to break out of the current price range, it will ease sell pressure. This pressure is coming from short-term holders who recently purchased BTC at around $109,775.

Furthermore, the market is anticipating a flip in the declining inter-exchange flow. Once this happens and it flips upward, new bullish momentum could trigger a spike in price toward the much anticipated price target.

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September 30, 2025 0 comments

Whales Inject an Extra $329K+ Into Bitcoin Hyper Ahead of Uptober – The Next 1000x Crypto?

NFT Gaming

Bitcoin Hyper as the Next 1000x Crypto After Whales Buy $329K in a Giant Move

by admin September 30, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

With ‘Uptober’ just around the corner (literally tomorrow), anticipation is building for what could be a pivotal moment for $BTC.

So, what better time for the Bitcoin Hyper Layer-2 (L2) to go live? Suppose this peak demand takes shape, it could position itself as a go-to solution for scaling Bitcoin, precisely when the network needs it most.

It’s no surprise, then, that whales have latched on. Just yesterday, three invested $113.8K, $109.9K, and $105.4K into the ecosystem’s $HYPER presale, signaling strong confidence in the L2’s potential.

$HYPER might even become the next 1000x crypto.

$BTC Rockets 4.5% in One Month, Before Possible October Rally

Since last month, $BTC has jumped by over 4.5%, a sign that bullish momentum may already be on the way.
Yes, $BTC has plummeted from $114K to $113K since just yesterday. But it’s not all doom and gloom for the #1 crypto.

Even during the most challenging market cycles, October is often a turning point where $BTC sentiment flips from bearish to bullish.

Take 2023 an example. After a modest 3.91% gain in September, it soared by 28.52% in October.

In fact, most years after a negative September, $BTC surges in October. Look at past Uptober rallies – In 2020, $BTC surges 27.7%+ and 47.81%+ in 2017.

Source: Coinglass

It’s also no wonder that institutions are positioning themselves for what might be another legendary spike.

As of September, Strategy now holds an eye-boggling 640,031 $BTC valued at $47.35B+. The average price per token is approximately $73,983.

Source: X (Michael Saylor)

Strategy isn’t the only public company acquiring sizable amounts of $BTC in the hope of capitalizing on the next bull run.

Over the past 30 days, MARA Holdings has boosted its stack to 52,477 $BTC valued at nearly $5.94B.

XXI also bets big on the crypto leader jumping to greater heights. In total, it owns 43,515 $BTC, currently worth around $4.92B.

Source: CoinGecko

When firms commit billions to $BTC, it validates the asset’s role as a store of value as opposed to being yet another speculative asset.

In turn, they fuel demand for $BTC and boost market confidence. But there’s a hitch: as $BTC’s popularity surges and transaction volumes increase, the network often faces mounting pressure.

Bitcoin Processes Fees 43%+ Slower Than Ethereum

Bitcoin’s no stranger to scalability challenges. Today, the network can process just 12.47 transactions per second (tps), 43.32% lower than Ethereum’s 22.01 tps.

Even at its record level, Bitcoin has only managed 13.2 tps – a far cry from Ethereum’s 62.34 tps and nowhere near Solana’s 65K tps.

The network’s limited throughput often causes higher gas costs during peak activity. Following the halving event last October, average transaction fees rose as high as $8.36 one month later.

While fees have since dropped to just $0.84, they’re still no stranger to fluctuating. This makes it tricky for everyday traders to rely on Bitcoin for everyday transactions.

Source: Bitcoin Hyper

The bridge achieves this by enabling $BTC to move seamlessly between the Bitcoin base layer and the Hyper L2 ecosystem. And once bridged, $BTC can interact directly with smart contracts, dApps, and liquidity protocols.

$HYPER Fuels L2 Growth & 61% Staking Rewards

$HYPER is behind the entire Hyper ecosystem, supercharging every inch of its utility and growth.

A sizable 30% of its total token supply is allocated to fund development, after all. Also fueling its long-term growth is an additional 25% of $HYPER being earmarked for the ecosystem treasury.

Source: Bitcoin Hyper

Holding $HYPER doesn’t only mean you’ll contribute to the project’s sustainability; it also unlocks meaningful utility.

By purchasing $HYPER on presale – now available for $0.013005 – you’ll gain governance rights, enjoy reduced gas fees, and stake your token at a 61% APY.

But time is of the essence: the APY will nosedive as more investors lock up their tokens. So, now’s an opportune moment to start staking $HYPER for the greatest possible gains.

Our Bitcoin Hyper price prediction also anticipates $HYPER to break $0.32 this year, after being listed on major CEXs.

Want to position yourself for possible 20x returns? Join Bitcoin Hyper.

We’re not financial advisors. Always do your own research and never invest more than you’d be sad to lose.

Authored by Leah Waters, Bitcoinist – https://bitcoinist.com/bitcoin-bull-surge-close-as-whale-buys-329k-bitcoin-hyper

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September 30, 2025 0 comments

NFT Gaming

Bitcoin And Ethereum Funds Shed $1.1 Billion While Solana Investment Products Gain $291 Million – Report

by admin September 30, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to a CoinShares report published earlier today, global crypto investment products related to Bitcoin (BTC) and Ethereum (ETH) experienced total outflows of $1.1 billion over the past week. In contrast, Solana (SOL) investment products attracted $291 million in inflows.

Bitcoin, Ethereum Products Bleed While Solana Shines

Crypto investment products experienced a total net outflow of $812 million over the past week, primarily driven by Bitcoin products, which incurred $719 million in weekly outflows. Ethereum followed with its investment products, losing funds worth $409.4 million.

The report attributes the outflow in BTC and ETH investment products to the lower expectations of interest rate cuts this year, following the stronger-than-anticipated macroeconomic data in the US. Notably, the GDP and durable goods figures were revised to the upside, showing resilience in the economy.

That said, cumulative month-to-date (MTD) inflows remain strong, hovering around the $4 billion mark. Similarly, the cumulative year-to-date (YTD) inflows stand at $39.6 billion, inching closer to last year’s record $48.6 billion inflows.

Notably, BlackRock’s iShares spot Bitcoin exchange-traded fund (ETF) lost $68 million in funds. Meanwhile, Grayscale Investments’ GBTC ETF saw $300 million in outflows, while Fidelity’s FBTC witnessed outflows to the tune of $738 million. The report adds:

Importantly, there was no commensurate increase in short-bitcoin investment product demand, suggesting that the negative sentiment was likely low-conviction and likely to prove temporary.

In terms of countries, the US saw outflows to the tune of $1.03 billion, while Sweden-based crypto investment products lost $13.4 million in funds. On the contrary, Swiss products gained $126 million, while Canadian investment products attracted $58.6 million in inflows.

Unlike Bitcoin and Ethereum investment products, Solana investment products shone as they attracted inflows worth $291 million. Even more impressive, Solana products have pulled in $1.8 billion worth of funds on a YTD basis.

Besides the positive momentum in investment products, SOL is also seeing bullish price action as it steadily moves toward its all-time high (ATH) value of $293, recorded earlier this year in January.

Analysts say that SOL’s recent positive price action can be attributed to the rising likelihood of spot SOL ETFs getting approved in the near term. A recent report remarked that SOL-based ETFs could be approved in as little as two weeks.

Will Macroeconomic Factors Benefit Cryptocurrencies?

Latest data from FedWatch gives an 68% probability of the US Federal Reserve (Fed) lowering interest rates by 50 basis points (bps) during its December 10 meeting. The rate cut is expected to benefit risk-on assets, including cryptocurrencies like BTC, ETH, and SOL.

Source: FedWatch

In addition, future lower-than-expected inflation readings may further encourage the Fed to slash interest rates on an even larger scale. At press time, BTC trades at $113,628, up 3.1% in the past 24 hours.

Bitcoin trades at $113,628 on the daily chart | Source: BTCUSDT on TradingView.com

Featured image from Unsplash.com, charts from FedWatch and TradingView.com

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September 30, 2025 0 comments