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This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin BTC$113,244.11 bounced back to around $121,500 after dipping below $120,000 late Thursday. Further gains may be difficult to achieve or could prove short-lived for two reasons.First, momentum indicators on short-term charts have turned bearish. On the hourly chart, the 50-, 100-, and 200-candle simple moving averages (SMAs) have aligned bearishly, now stacked one below the other – a classic bearish configuration. Additionally, the pattern of consecutive lower highs points to weakening buying pressure.BTC’s hourly candlestick chart. (TradingView) Second, key ETFs are signaling a risk-off sentiment. The…

María Corina Machado, a human rights activist and political opposition leader in Venezuela who has called Bitcoin a “lifeline” for Venezuelans, received the 2025 Nobel Peace Prize for promoting democracy in the South American country.Machado praised Bitcoin (BTC) as a pro-freedom technology in a 2024 interview with Alex Gladstein, chief strategy officer at the nonprofit Human Rights Foundation. She said:“Some Venezuelans found a lifeline in Bitcoin during hyperinflation, using it to protect their wealth and to finance their escape. Today, Bitcoin bypasses government-imposed exchange rates and helps many of our people. It has evolved from a humanitarian tool to a…

Cryptocurrency markets showed signs of consolidation in the second week of October, even as investors continued to bet on another “Uptober” rally to new highs.Also in the news this week was the $11 billion Bitcoin (BTC) whale who returned after a two-month hiatus to transfer another $360 million in BTC, signaling a potential rotation into the world’s second-largest cryptocurrency, with an additional $5 billion left in their wallet.In another potential Uptober catalyst, the US Securities and Exchange Commission (SEC) received 31 crypto exchange-traded fund (ETF) applications, with 21 of them filed during the first eight days of October.However, the ongoing…

Online prediction market Kalshi has raised more than $300 million at a $5 billion valuation as prediction markets move into the financial mainstream, according to a report by the New York Times on Friday.The company will now allow users in over 140 countries to place bets, marking its first major international expansion, the article said.Kalshi projects $50 billion in annualized trading volume this year, up from $300 million last year, and now holds more than 60% of global market share, surpassing rival Polymarket.The funding round was led by major investors including Sequoia Capital, Andreessen Horowitz, Paradigm, CapitalG, and Coinbase Ventures,…

A tightening U.S. power grid is driving bitcoin BTC$113,244.11 miners and AI developers into closer alignment, according to Wall Street broker Bernstein. Soaring demand from AI and digital workloads has made grid access one of the biggest constraints on new data center growth, with interconnection timelines stretching to seven years in some regions, the broker said in a report on Friday.Miners, who secured large renewable power contracts years ago, now control more than 14 gigawatts (GW) of capacity and offer AI providers a shortcut to scale, analysts led by Gautam Chhugani wrote.Sites owned by IREN (IREN) and Riot Platforms (RIOT)…

After nearly four years on the sidelines, the United Kingdom has reopened access to Bitcoin-linked investment products. The Financial Conduct Authority (FCA) has lifted its 2021 restriction on exchange-traded notes (ETNs) tied to cryptocurrencies, allowing retail investors to once again participate in regulated crypto exposure through major stock exchanges. This development marks a major shift in the UK’s approach to digital assets. While the country has historically taken a cautious stance on crypto, the FCA’s decision signals a willingness to integrate Bitcoin and Ethereum investment vehicles into its broader financial ecosystem. Starting October 8, retail investors in the UK can…

Securitize, the tokenization platform behind several major blockchain-based investment products, including BlackRock’s tokenized US Treasury fund, is reportedly in talks with Cantor Fitzgerald to go public via a Special Purpose Acquisition Company (SPAC).Bloomberg reported Friday, citing anonymous sources, that Securitize is in discussions to merge with Cantor Equity Partners II Inc., a blank-check firm backed by Cantor Fitzgerald. The deal could value Securitize at more than $1 billion, the report said.Securitize did not immediately respond to Cointelegraph’s request for comment.Source: BloombergA SPAC is a publicly traded shell entity that raises capital with the aim of acquiring a private company. Once…

Key points:Bitcoin has pulled below $116,000, but select analysts expect buyers to step in at lower levels and arrest the decline.Select altcoins have reached critical support levels where the buyers are expected to mount a strong defense.Bitcoin (BTC) attempted a recovery on Friday, but higher levels attracted selling. That has pulled the price under $116,000 as short-term traders are rushing to the exit.Analyst Stockmoney Lizards said in an X post that BTC is witnessing a shakeout in both directions. Despite the correction, the analyst remains bullish, expecting BTC to find support around $118,000 to $119,000.Crypto market data daily view. Source:…

Monad, the fast new Layer-1 blockchain, has set the date for its highly anticipated token airdrop, confirming the airdrop portal is scheduled to open on October 14. This news ends long waiting for the project’s community. However, the team is keeping the exact rules for token allocation and eligibility criteria strictly confidential.Monad Airdrop Claim Portal opens on Tuesday, October 14th— Monad (mainnet arc) (@monad) October 9, 2025The Most Important Details Are MissingEven with the date now firm, Monad has not given out the most critical information. The public is still waiting for answers on several key points:First, the project has…

Bitcoin traded at $117,729.81 as of press time, struggling to extend gains from its $126,000 all-time high as short-term positioning dynamics and risk-off flows dominated the medium-term debasement thesis.The debasement trade thesis gained popularity after JPMorgan published a report on the topic on Oct. 1. The thesis is based on the expectation that fiscal expansion and currency devaluation will drive demand for hard assets.Consequently, assets that hold buying power, such as gold and Bitcoin, would favor under these conditions. Amid this backdrop, gold reached a new all-time high of $4,059.38 on Oct. 10.But if gold is benefiting from the debasement…