According to Grayscale, some market sectors benefited from significant changes to US policy in the third quarter, but Bitcoin underperformed compared to Ether and others. Asset management company Grayscale has suggested that the third quarter of 2025 may have represented an altcoin season “distinct from those in the past,” based in part on the underperformance of Bitcoin and a boost from centralized exchanges. According to a Grayscale report released on Thursday, though returns across crypto-related markets, including Bitcoin (BTC), Ether (ETH), AI, and smart contracts, were positive in Q3, the quarter may have stood out as an “alt season.” The asset manager said the smart contracts sector benefited from stablecoin legislation — likely referring to the GENIUS Act signed into law in the US in July — while AI, currencies and BTC lagged behind. “Bitcoin underperformed other market segments, and the pattern of returns could be considered a crypto ‘alt season’ — although distinct from other periods of falling Bitc...
Bitcoin showed no sign of a major rebound after the release of major US inflation data, with bid liquidity clustered at $108,200. Key points: Bitcoin sellers attempt to break support at $109,000 at the week’s final Wall Street open. BTC price action can head toward $100,000 as a result, despite a large “deleveraging” event. Read more
BlackRock filed a registered trust company to back its proposed Bitcoin Premium Income ETF, a yield-generating product that would complement its $87 billion spot Bitcoin ETF, IBIT. Asset management giant BlackRock filed to register a Delaware trust company for its proposed Bitcoin Premium Income ETF on Thursday, signaling a push to broaden its Bitcoin offerings. Bloomberg ETF analyst Eric Balchunas said BlackRock’s proposed product would sell covered call options on Bitcoin futures, collecting premiums to generate yield. The regular distributions would, however, trade away potential upside from investing in BlackRock’s spot Bitcoin ETF, which mirrors Bitcoin’s (BTC) price movements. Read more
Bitcoin fell to a three-week low under $109,000, but the $22 billion end-of-month options expiry could lead to a much-needed BTC price bounce. Key takeaways: Traders reduced bullish positions, signaling mixed market sentiment ahead of Friday’s $22 billion monthly Bitcoin options expiry. Stablecoin premiums and Bitcoin ETF inflows indicate cautious optimism, suggesting traders may seek gains in the near term. Read more
Bitcoin price tumbled toward new lows below $109,000 and while charts suggest the sell-off is far from over, data shows spot buyers accelerating their accumulation. Key points: Bitcoin’s sell-off intensified, but data shows spot buyers increasing their allocation size. Liquidation heatmap data suggests the sell-off could extend to $107,000. Read more
Bitcoin fell to new local lows on the back of strong US jobs data, joining stocks and gold in what analysis called an “overdue” correction. Key points: Bitcoin falls with stocks and gold on stronger-than-expected US jobs data. The US dollar index reaches its highest levels in three weeks as jobless claims come in below expectations. Read more
Seven spot XRP ETF rulings and Ripple’s bank charter decision hit in October 2025. Discover why funds see XRP as Wall Street’s dark horse. When financial firms roll out exchange-traded funds (ETFs) for crypto, it often signals that an asset is crossing from niche into the mainstream. Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) are already trading in the US, attracting billions from institutions and retail investors who want exposure without holding tokens directly. Read more
Google has acquired a 5.4% stake in Bitcoin miner Cipher Mining by backstopping $1.4 billion of Fluidstack’s obligations in a $3 billion, 10-year AI data center deal. Google has acquired a 5.4% stake in Bitcoin mining company Cipher Mining as part of a $3 billion multi-year data center deal with artificial intelligence data center company Fluidstack. According to a Thursday announcement, Google will receive its stake in Cipher Mining in exchange for guaranteeing $1.4 billion of Fluidstack’s obligations in the contract with Cipher. This plays a part in a larger $3 billion Fluidstack deal with Cipher to lease computing power for 10 years. The news follows another, similar deal between Google and Fluidstack. In late August, the internet search behemoth became the largest shareholder of Bitcoin (BTC) miner TeraWulf by acquiring 14% of the company in exchange for guaranteeing obligations in a separate Fluidstack deal. Read more
Bitcoin’s $22.6 billion monthly options expiry is led by the bulls but macroeconomic headwinds could give the bears a last minute advantage. Key takeaways: Bullish bets dominate the September Bitcoin options expiry, assuming BTC price holds the $110,000 support level. Despite higher demand for bullish bets, macroeconomic uncertainty keeps downside risks on the table. Read more