Bitcoin | Crypto

Jack Dorsey’s payments company, Square, also announced the integration of Bitcoin payment services for businesses on Wednesday. Jack Dorsey, founder of payments company Square, has urged the introduction of a de minimis tax exemption on small Bitcoin (BTC) transactions to help make the cryptocurrency more suitable for everyday payments. “We want Bitcoin to be everyday money ASAP,” Dorsey said on Wednesday, following Square’s integration of Bitcoin payment services for merchants using the company’s checkout and point-of-sale systems. His comments drew attention from Wyoming Senator Cynthia Lummis, who introduced a de minimis tax provision as part of a standalone crypto tax bill in July, exempting BTC transactions $300 or under from capital gains tax with an annual exemption cap of $5,000. Read more

Luxembourg has become the first country in the Eurozone to invest in Bitcoin through its sovereign wealth fund, allocating 1% of its $730 million Intergenerational Sovereign Wealth Fund (FSIL) to Bitcoin exchange-traded funds (ETFs), Finance Minister Gilles Roth announced on Oct. 9 during the 2026 national budget presentation. The investment marks a milestone for the […] The post Luxembourg sets precedent with first eurozone Bitcoin allocation in national fund appeared first on CryptoSlate.

Myriad prediction market users are bullish on Bitcoin and XRP, but the charts suggest traders might want to temper their enthusiasm.

Bitdeer boosts self-mining to stay competitive amid weak demand for rigs, joining other hardware makers turning to in-house Bitcoin operations. Bitdeer Technologies Group (BTDR), a Bitcoin mining and infrastructure company, is ramping up its self-mining operations amid weakening demand for mining rigs — highlighting how some hardware makers are shifting strategies to stay competitive during the current Bitcoin bull market. According to an Oct. 9 Bloomberg report, Bitdeer is accelerating its pivot toward mining Bitcoin (BTC) on its own equipment, effectively competing with the same clients that purchase its rigs. The report cited Bitdeer’s latest filings showing a major year-over-year expansion of its mining capacity in August and its stated goal of becoming one of the world’s top five Bitcoin miners. Read more

Fed Chair Jerome Powell avoided discussing monetary policy during his Oct. 9 Community Bank Conference remarks, supporting Bitcoin’s continued advance toward $150,000. Matt Mena, Crypto Research Strategist at 21Shares, stated in a note that this was a “strategic omission” by Powell. He characterized the narrow focus as “effectively a green light for risk assets” because […] The post Powell’s silence on rates to fuel Bitcoin’s path toward $150,000 appeared first on CryptoSlate.

Bitcoin (BTC) state, following its new all-time high of $126,000, is facing tests from profit-taking and elevated leverage. As Glassnode reported on Oct. 8, mid-tier holders that have accumulated between 10 and 1,000 BTC have driven demand over recent weeks, while whale distribution has eased since earlier this year. The Trend Accumulation Score shows that this alignment among […] The post Bitcoin defends $120,000 amid profit driven sell pressure, leverage buildup appeared first on CryptoSlate.

As investors seek to hedge against a weaker dollar, Bitcoin’s role in the so-called “debasement trade” remains more narrative than reality.

Bitcoin risked losing $120,000 support as repeat retests caused traders to see much lower BTC price targets coming in the near future. Key points: Bitcoin risks new October lows as sellers regain control and BTC price discovery gets put on hold. Targets include the local range lows at about $108,000 amid bearish divergences. Read more

Top markets on Myriad this week include price predictions on Bitcoin, a Polymarket token announcement, and comeback chances for the Detroit Tigers.

Bitcoin consolidated near $123,000 after an 8% leverage flush, signaling a possible new value area and setting up for a potential Q4 rally toward $150,000. Key takeaways: Bitcoin retained range-bound trading above $120,000 after an 8% leverage reset in futures. Spot demand and declining open interest point to renewed buyer confidence. Read more

On Capitol Hill, Senator Cynthia Lummis wants to make Bitcoin “everyday money.” The Wyoming Republican is quietly drafting legislation that could do what years of evangelism never managed: make buying coffee with Bitcoin practical again. Her proposal, a de minimis tax exemption for small crypto transactions, would let Americans spend a few hundred dollars’ worth […] The post Senator Lummis pushes tax break for small Bitcoin payments. Could it unlock everyday adoption? appeared first on CryptoSlate.

Bitcoin’s price spiked, and ETF inflows are on a tear as “Uptober” just gets started. Over the last two months, at least 31 crypto exchange-traded fund (ETF) applications were filed with the US Securities and Exchange Commission, 21 of which were filed in the first eight days of October. This ETF wave comes amid increased optimism in crypto markets, which have seen impressive gains over the last month. The price action has started a familiar pattern of markets booming in October, dubbed “Uptober.” This also coincides with major geopolitical developments that can affect the finance sector. In France, Prime Minister Sébastien Lecornu has stepped down after just 26 days, rocking the country’s financial markets. In the US, a government shutdown has put federal business on pause, including ETF considerations at the SEC. Read more

Hayes says traders misread past Bitcoin cycles by not taking into consideration macro drivers like USD and yuan credit shifts.

A Bitcoin technical indicator has squeezed to its tightest ever level as volatility diminishes and the asset remains rangebound despite recent peaks. 

Bitcoin climbed 1.75% over the past 24 hours to $123,250 as of press time, driven by sustained spot ETF inflows, gold’s rally to fresh records, and softer Federal Reserve rate guidance. US spot Bitcoin ETFs added $2.1 billion in net inflows between Oct. 6 and Oct. 7, according to Farside Investors. The movement extended a […] The post Why is Bitcoin recovering? Everything that happened in crypto today appeared first on CryptoSlate.

Hong Kong-based DDC Enterprise Limited has added another 100 Bitcoin (BTC) to its balance sheet, accelerating efforts to build a digital asset reserve of over $1 billion. The food conglomerate listed on the New York Stock Exchange under ticker DDC confirmed on Oct. 8 that this marks its third Bitcoin purchase in a week. The […] The post DDC Enterprise accelerates Bitcoin treasury plans with third purchase in a week appeared first on CryptoSlate.

Bitcoin bulls chase $125,000 as buying pressure intensifies, pointing to an influx of liquidity and growing confidence among spot and institutional traders. Key takeaways: Bitcoin’s net taker volume has rebounded from extremely bearish to neutral levels. Onchain and market data indicate controlled profit-taking, not panic selling. Read more

DDC's share price was up nearly 7% after announcing that it had raised an additional $124 million for Bitcoin purchases.

Japan’s 10-year government bond (JGB) yields reached levels not seen since 2008, triggering a scenario that pressures Bitcoin through spot depth and order-book mechanics rather than direct correlation. The long-end selloff in Japanese government bonds pushes domestic yields higher, reducing the incentive for Japan’s institutional investors to seek returns in foreign markets. Life insurers have […] The post JGB 17-year yield spike tests Bitcoin at $123k; is risk off back? appeared first on CryptoSlate.

Square’s new Bitcoin service lets US merchants accept BTC at checkout, hold it in a built-in wallet and get zero fees on transactions. Square, the payments processor owned by Jack Dorsey’s Block Inc., has launched a new feature enabling local businesses to accept Bitcoin at the point of sale and hold the digital asset in an integrated wallet — a move that could help advance Bitcoin’s use as a medium of exchange. Announced on Wednesday, the new Square Bitcoin offering allows merchants to accept Bitcoin (BTC) payments and automatically convert a portion of their sales into BTC. Square is waiving processing fees through 2026, with a 1% transaction fee set to take effect on Jan. 1, 2027. Merchants can store their Bitcoin in a dedicated wallet accessible through Square’s existing dashboard, where they can also buy, sell or withdraw the asset. The service is available only to US sellers, excluding New York State, and is not open to international merchants. Read more