Bitcoin’s valuation indicator showed BTC entering an “undervaluation phase” and a potential local bottom, pointing to a near-term price rebound. Key takeaways: Bitcoin's MVRV ratio dropping below its 365-day average signals a local bottom, historically preceding big price rallies. Capital rotation from gold could fuel the Bitcoin rebound, according to analysts. Read more
World’s Polymarket Mini App integration came amid prediction markets surging past 2024 records, with $2 billion in weekly trading volumes. World, OpenAI CEO Sam Altman’s digital identity project, formerly known as Worldcoin, is expanding into prediction markets by integrating Polymarket. World App, a mobile application that combines a digital wallet with World’s decentralized identity tool, World ID, has integrated the Polymarket App, the company announced on Tuesday. “World App users can download and access the new Mini App today in countries where Polymarket’s services are permitted,” the announcement said. Read more
Romania’s national grid company Transelectrica (stock symbol: TEL) will be kicking off two major investment projects for the development of the national electricity transmission infrastructure.
The $19 billion market crash may be a buying opportunity as dust settles in the coming weeks, Standard Chartered’s Geoff Kendrick told Cointelegraph in an exclusive interview. Bitcoin may still be on track to reach $200,000 by the end of the year, even after a record $19 billion market liquidation and renewed tariff threats from US President Donald Trump, according to Standard Chartered’s global head of digital assets research, Geoff Kendrick. The crypto market experienced a record $19 billion liquidation event on the weekend of Oct. 10, which caused Bitcoin’s (BTC) price to dip to a four-month low of $104,000 by Friday, Cointelegraph reported at the time. As the dust settles after the massive liquidation event, investors may see it as a buying opportunity. This dynamic may fuel a Bitcoin rally to $200,000 by the end of 2025, Kendrick said. Despite the volatility, he remains confident that Bitcoin will rebound as markets stabilize. Read more