Growing optimism surrounding a potential trade deal is the main catalyst for a recovery in investor sentiment ahead of Thursday’s tariff meeting, industry watchers told Cointelegraph. Cryptocurrency markets staged a recovery after a record $19 billion liquidation event, buoyed by signs of a temporary ceasefire in the US-China trade war. Bitcoin (BTC) briefly recovered above a two-week high of $116,400 on Monday, driven by investor expectations of two significant macroeconomic catalysts this week: the incoming Federal Open Market Committee’s (FOMC) interest rate decision on Wednesday and a potential trade deal between the US and China, which could come as soon as Thursday. Crypto investor sentiment recovered on Monday from “fear” to “neutral” territory after reports emerged that the US and China had reached a “preliminary” framework for an import tariff deal. Read more
Bitcoin rebounded to $116,000, but traders were nervous about the bull market even while stocks soared on news of a likely US-China trade deal. Bitcoin (BTC) started the last week of October with a welcome rebound; can BTC price action cancel its dip from all-time highs? Bitcoin reached $114,500 for the weekly close as bulls staged a much-needed comeback, but many traders remained unconvinced. FOMC week began with stocks breathing a sigh of relief on reduced US-China tariff odds. Read more
Bitcoin, which had been the main driver of crypto ETP outflows a week earlier, almost fully recovered its losses with $931 million in inflows last week. Cryptocurrency investment products regained momentum last week as investor confidence improved following lower-than-expected US inflation data. Crypto exchange-traded products (ETPs) saw $921 million of inflows last week, more than offsetting the $513 million in outflows from the week before, CoinShares reported Monday. The main driver behind the bullish trend in the crypto fund market was renewed confidence in further US rate cuts, bolstered by lower-than-expected CPI data released on Friday, according to CoinShares’ head of research, James Butterfill. Read more
Defunct crypto exchange Mt. Gox postponed some long-awaited customer repayments by another year to Oct. 31, 2026, citing incomplete creditor procedures. One of the world’s first crypto exchanges, the now-defunct Bitcoin exchange Mt. Gox, has again postponed repayments to creditors, this time until October 2026. According to a Monday announcement, Mt. Gox postponed customer repayments to Oct. 31, 2026. The notice came just four days before its Oct. 31, 2025, deadline. According to the announcement, the trustee said that while most base, early lump-sum, and intermediate repayments had been completed for creditors who filed the necessary paperwork, many others have yet to receive funds. Read more
Skipping crypto taxes can trigger hefty fines and legal issues. Find out what really happens if you fail to report or pay taxes on your holdings. Tax authorities like the IRS, HMRC and ATO classify crypto as a capital asset, meaning that sales, trades and even swaps are considered taxable events. Tax authorities worldwide are coordinating through frameworks like the FATF and the OECD’s CARF to track transactions, even across borders and privacy coins. Authorities use blockchain analytics firms like Chainalysis to link wallet addresses with real identities, tracking even complex DeFi and cross-chain transactions. Read more