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Coinbase's institutional co-CEO, Brett Tejpaul, says a second wave of institutional money has entered Bitcoin, and seven large banks now use Coinbase infrastructure. He credits stablecoin rails for driving that adoption, though institutions still treat BTC mainly as technology. For traders, this suggests growing institutional involvement, even as big players remain cautious about Bitcoin as an asset.
Bitcoin treasury firms Strategy and Strive made record purchases last week, but they put their money into different assets. Strategy focused on buying back its preferred stock, while Strive increased its Bitcoin buying. The split shows the two firms are taking different approaches to how they use their capital.
Bitcoin rose 0.77% over the last 24 hours to about $80,588, and 195 of 261 tracked coins gained. Ether (+1.48%), XRP (+2.56%), BNB (+1.33%) and Dogecoin (+1.27%) also rose, while Solana fell 0.28%. The move is small, and the facts do not point to one clear cause, so traders appear to be waiting for the Federal Reserve's decision this week.
Bitcoin is trading close to $80,000 as investors wait for this week's Federal Reserve decision. Geopolitical tensions and a possible IPO from Anthropic are also adding uncertainty. Traders may stay cautious until the Fed's decision is known.
Electrum, a Bitcoin wallet, has fixed a confirmed flaw that let rogue servers swap out pending transactions. Users could be tricked into sending Bitcoin to attacker addresses instead. For traders, it is a reminder that wallet security can affect where funds actually end up.
Treasury dealers' net bill holdings have hit a two-year high, according to a FHLBNY update dated October 23. That update puts dealer financing capacity in focus ahead of October 30, when funding pressure is expected. Any spillover into Bitcoin is still conditional, so traders should watch funding conditions rather than assume a direct crypto move.
Strategy (MSTR) did not buy any bitcoin in the week of October 19 to 25. Instead, it spent $204.9 million buying back its STRC preferred stock. For traders, a pause in a company's bitcoin buying can mean less steady demand for the asset.
Circle has added Gateway, which gives holders of its Bitcoin-backed token, cirBTC, one combined balance across Ethereum and Arc. Gateway promises fast access once a deposit reaches finality, with a separate seven-day fallback exit. For traders, this is a change in how the token can be used across chains.
Galaxy Research says bitcoin's bear market ended at its June low. If that view holds, it could signal a shift in market sentiment. Traders may want to see price action confirm the call before acting on it.
South Korea is considering a fourth delay to its 22% crypto tax, moving the start date from January 2027 to 2029. The timing is linked to U.S. trading data, which authorities want access to once Washington joins the OECD's reporting framework. For traders, this could affect how and when Korean crypto profits are taxed.
A new Michigan historical comparison shows US consumers still expect high inflation over the long run, even though overall sentiment is steady. Those elevated expectations could make it harder for Bitcoin to benefit from easier financing conditions. Traders may see this as a reason to stay cautious on Bitcoin.
Analyst Leon Wankum argues that real estate's monetary premium, which he puts at over $300 trillion, is shifting toward Bitcoin. He projects a $1 million target and suggests renting and buying BTC may be the smarter choice. The view is a long-term opinion, not a market event, so traders should treat it with caution.
Blockstream's chief marketing officer, Peter Bain, says institutional clients view bitcoin as poised for a strong upswing. He ties this view to bitcoin holding around $81K, which he sees as a sign of strength. The update also covers a push into Swiss institutional banking and a recovery at the Liquid Network.
Strategy made no Bitcoin purchases or sales last week. Its buybacks of STRC preferred stock, about $205 million, lowered its USD Cash balance by 46% to $242.4 million. Traders may watch this closely because it shows where the firm is putting its money.
Bitcoin has held steady while tech stocks fell, and the BTC/Nasdaq ratio has moved back above its 200-day moving average. Analyst Sean Hagan points to historical median gains of 84% after similar signals and names $100K as his key level. For traders, this suggests Bitcoin may be gaining strength relative to tech stocks.
Strategy, a bitcoin treasury firm, has paused its bitcoin buying. It spent $205 million buying back STRC, its biggest weekly buyback in more than a month, which pushed its USD cash balance down to $242.4 million. For traders, a pause in buying by a major treasury holder may reduce near-term demand for bitcoin.
Websites around the world have gone offline because of flaws in PHP. Bitcoin Magazine looks at the memory bugs behind the problem, how AI may speed up hacking, and whether Bitcoin faces any risk. For traders, the question is whether security issues like this could reach crypto platforms.
Metaplanet is moving to the U.S. to issue preferred shares, according to a Bitcoin Magazine analyst review. The analysis covers the capital pool, questions about parent company support, and why the deal may be accretive to common shares. Traders may watch this as a sign of how bitcoin treasury firms raise capital.
Bitcoin fell below $80,000 ahead of a Fed decision and the midterm elections. Analysts point to a sell-off in AI stocks and money leaving bitcoin ETFs as possible drivers. HashKey's Tim Sun flags $75,000 as the next key support level for traders to watch.
Galaxy Research says Bitcoin's bear market ended in June. It points to Bitcoin reclaiming its 50-week moving average and selling pressure fading. The firm also sees a strengthening debasement case and calls now an attractive time to buy.
TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.
