The US may face a debt crisis within three years according to Ray Dalio, and debt-related issues helped fuel a rally in Bitcoin that could mark the beginning of a new cycle. Confidence has returned to crypto markets after Bitcoin saw a sudden rally to gain more than 23% this week to trade around $77,559 at the time of writing. It was the best weekly percentage gain (23.5%) since March 2023 and the largest weekly gain measured in US dollars. The price briefly topped $79,000 on Friday. Charting platform Barchart highlighted on Thursday that Bitcoin’s (BTC) price had crossed above its 200-day moving average for the first time since November 2025. The 200-day moving average is widely used to gauge longer-term market trends, with moves above the indicator viewed as a sign of bullish momentum. Many now believe/hope the cycle has finally flipped positive. Read more
Gracy Chen says macroeconomic uncertainty could keep Bitcoin within $10,000 to $20,000 of current levels, while US government purchases remain unlikely within the next two years. Bitget CEO Gracy Chen expects Bitcoin to remain broadly around current levels through the end of the year despite its recent surge, citing interest rates and broader macroeconomic conditions as key factors shaping the cryptocurrency’s outlook. Speaking on Cointelegraph’s Trade Secrets podcast, Chen said predicting whether Bitcoin (BTC) will finish the year above or below $70,000 is difficult, pointing to the possibility of higher interest rates as one factor that could pressure prices. Cointelegraph host interviews Bitget CEO Gracy Chen. Source: Trade Secrets Read more
The hedge fund founder with an estimated net worth of $15 billion recommended that investors overweight Bitcoin and gold rather than bonds. The founder of the Bridgewater Associates hedge fund, Ray Dalio, called on investors to put money into gold and “a bit of Bitcoin” in response to a looming debt crisis. In a Friday LinkedIn post, Dalio said having between 10% to 15% of one’s portfolio in gold could help reduce risk. He advocated for gold and Bitcoin (BTC) as assets to be overweight compared to debt assets like bonds, citing risks from “internal political and external geopolitical conflicts.” “My guess, which I suppose will be a bad one, is that [a US debt crisis] will come in three years, give or take two, if the course we’re on is not changed,” said Dalio. Read more
Bitcoin volatility eased after BTC hit its highest level since mid-May, while gold joined the cryptocurrency in approaching three-month highs. Bitcoin (BTC) consolidated above $77,000 after Friday’s Wall Street open as gold joined the crypto rally to hit 14-week highs. Key points: Data from TradingView showed BTC/USD cooling after reaching its highest levels since May 15, still up nearly 6% on the day. Read more
Bitcoin’s rally above $79,000 lifted miners and treasury companies, with Canaan, Strive and Metaplanet posting double-digit gains as crypto stocks surged. Shares of Bitcoin miners and digital asset treasury companies surged toward the end of the week, tracking a broader rally across crypto markets after the US Treasury announced it would double certain long-dated bond buybacks — a move aimed at supporting liquidity in the Treasury market that also helped bolster risk appetite. Bitcoin (BTC) miner Canaan led crypto-related stocks on Friday, rising more than 25%. MARA Holdings edged higher after gaining nearly 16% during Thursday’s session. Strive, which holds more than 20,000 Bitcoin (BTC) on its balance sheet, jumped more than 16% on Friday. Japan-listed Metaplanet, which recently expanded its Bitcoin treasury strategy by acquiring Nasdaq-listed Super League Enterprise, also gained more than 16%. Read more
Bitcoin rallied as Treasury bond buybacks fueled the “not-QE” trade, while Metaplanet expanded to the US and Cypherpunk made a $33 million Zcash mining bet. Bitcoin and the broader digital asset market got a taste of “not-QE” this week — and liked it. The price of Bitcoin (BTC) jumped more than 23% toward $79,000 and Ether’s price crossed $2,400 after the US Treasury moved to double certain long-dated bond buybacks, adding fuel to an increasingly important question for digital asset markets. If Washington keeps finding new ways to support liquidity without technically embarking on quantitative easing, could Bitcoin and other risk assets become some of the biggest beneficiaries? That question is already shaping business decisions across crypto. Standard Chartered sees Bitcoin heading toward $100,000, Metaplanet is taking its Bitcoin treasury strategy to the US and Cypherpunk Technologies is making a $33 million bet on Zcash mining. Read more
Standard Chartered’s Geoff Kendrick said Bitcoin could move toward its $126,000 all-time high after Oct. 6 as spot Bitcoin ETF inflows recover. Bitcoin may move toward its all-time high of $126,000 before the end of the year, with the recovery potentially accelerating after Oct. 6, according to Geoff Kendrick, global head of digital asset research at Standard Chartered. Kendrick said in a Friday note shared with Cointelegraph that the latest rally has been driven largely by short liquidations, while inflows into spot Bitcoin exchange-traded funds have also started to recover. He said low open interest could leave room for more investors to return as prices rise. “For the first time this year there is now a risk my end year forecast (of USD100k) is too low,” Kendrick wrote. Read more
The BTC price reclaimed its 200-day moving average for the first time in nine months as its rally gained momentum after the US Treasury expanded its bond buybacks. Bitcoin’s latest rally has pushed the cryptocurrency above a key long-term technical indicator for the first time in about nine months, offering a potential signal that its broader downtrend is losing momentum. Charting platform Barchart highlighted on Thursday that Bitcoin’s (BTC) price had crossed above its 200-day moving average for the first time since November 2025, roughly a month after BTC reached an all-time high above $126,000. The 200-day moving average is widely used to gauge longer-term market trends, with moves above the indicator often viewed as a sign of bullish momentum. A sustained break above the level could therefore suggest that Bitcoin’s months-long downtrend is beginning to weaken. Read more