Bitcoin’s price rose back above the short-term holder’s realized price, leading analysts to say that the BTC bull run may continue. Key takeaways: Bitcoin traded above short-term holder cost basis at $114,000, signaling recovering demand and potential for further gains. Analysts said Bitcoin could continue its uptrend, with targets above $150,000. Read more
The Singapore High Court’s approval clears the way for WazirX to restart operations and begin compensating more than 150,000 users. Crypto exchange WazirX has finally secured approval from the Singapore High Court for its restructuring plan, paving the way for user repayments following the $234 million hacking incident last year. The court’s decision comes weeks after creditors backed a revised proposal. The approval allows WazirX to start the next phase of its recovery process, including token-based fund distributions and reviving the exchange’s operations. “Thank you to everyone who supported this difficult phase of WazirX. The Singapore High Court has approved the scheme,” WazirX founder Nischal Shetty said in a post on X. “It’s your support and love that has made this possible.” Read more
Friday’s massive crypto market crash sent Bitcoin fund trading volumes to record highs, but crypto ETPs held firm amid the turmoil. Cryptocurrency investment products held steady amid last Friday’s massive flash crash, recording strong inflows over the past week. Crypto exchange-traded products (ETPs) recorded $3.17 billion in inflows last week despite the market correction caused by fresh China tariff threats from US President Donald Trump, CoinShares reported on Monday. “Friday saw little reaction with a paltry $159 million outflows,” CoinShares head of research James Butterfill wrote, highlighting crypto funds’ resilience to the market panic after the Friday sell-off and $20 billion liquidations. Read more
Bitcoin rebounded to $116,000 and gold hit new all-time highs as bulls woke up to face what could be their ultimate test this week. Bitcoin (BTC) starts a key week of October with the fate of the bull market at stake. What comes next? Bitcoin stages a solid rebound from its biggest-ever liquidation cascade, reaching a high of $116,000 so far. Traders are divided over where the market will head from here; there are even doubts that the bull market will ever return. Read more