Bitcoin (BTC) reclaimed $112,000 late on Sunday/Monday morning, recovering some of the losses sustained during last week’s price 0 recovery comes as investors are growing ahead of the fourth quarter, supported by an $800 million jump in open interest and rising funding 1 flagship cryptocurrency rallied on Sunday, rising over 2% to reclaim $112,000 and settle at $112,197. The price is up over 1% during the ongoing session, trading around $113,805. Countries To Ramp Up Bitcoin (BTC) Purchases Jan3 founder Samson Mow believes countries are preparing to ramp up Bitcoin (BTC) adoption after initial 2 stated, “I think we’re on the tail end of gradually, and we’re at the beginning phases of 3 things happen very quickly.” Speaking on the What Bitcoin Did podcast, Samson stated that countries are warming up to the idea of a strategic Bitcoin reserve, adding, “It’s like literally gradually, then suddenly.
I think it is simply a matter of time before we see a massive run-up, and we see a massive nation-state FOMO, you know, panic.” However, Mow emphasized that while President Donald Trump had signed an executive order for a Bitcoin reserve, the US had yet to begin 4 Whale Moves Funds After 12 Years A dormant Bitcoin wallet holding $44 million worth of BTC has moved the funds for the first time in 12 years, according to data from 5 shows the wallet transferred around 400 BTC in equal batches of 15, roughly emptying the 6 the transaction data does not show the source of the funds, Lookonchain stated that the wallet was funded by miners 15 years 7 reason behind the transfers also remains unknown, as does the identity of the wallet owner.
Satoshi-era Bitcoin wallets have seen a jump in activity as Bitcoin surges to new 8 have been keen to liquidate their holdings and lock in their 9 Digital executed one of the largest Bitcoin sales in history, completing a transaction of over 80,000 BTC , valued at more than $9 10 (BTC) Price Analysis Bitcoin (BTC) has made a strong start to the week as it recovers from last week’s 11 flagship cryptocurrency registered a marginal decline on Saturday before rallying, rising over 2% to cross $112,000 and settle at $112,197. BTC is up over 1% during the ongoing session, trading around $114,086. Market analyst Jordi Visser stated that BTC’s path to new all-time highs will be littered with major corrections of 20% or more in 12 compared the flagship cryptocurrency to Nvidia, the world’s most valuable publicly traded company, and the first to reach a $4 trillion valuation, adding that BTC could behave similarly.
“I just want to remind people that Nvidia is up over 1,000% since ChatGPT’s 13 that time period, which is less than three years, you've had five corrections of 20% or more in Nvidia before it went back up to all-time highs. Bitcoin's going to do the same thing.” BTC’s strong recovery is supported by a surge in buying pressure that began on 14 a result, the flagship cryptocurrency has gained over 4% in the past two sessions, undoing the losses from Thursday’s 15 Ehsani, CEO and co-founder of VALR, stated, “Bitcoin’s Monday morning rise reflects a mix of macro relief, with a softer 16 and steadier rate expectations, alongside a cleaned-up leverage after recent liquidations and renewed accumulation from larger players.” According to most experts, last week’s losses were largely due to quarter-end 17 interest for CME’s Bitcoin futures dropped almost $3 billion to $14.73 billion between September 18 and 25.
Meanwhile, options fell to $4.63 18 Bitcoin ETFs also registered substantial outflows last week as part of the 19 ended the previous weekend in the red, dropping 0.41% to $115,282 on 20 pressure intensified on Monday as the price fell by over 2% to $112,736. Sellers retained control on Tuesday with BTC falling 0.64% to a low of $111,502 before settling at $112,017. Despite the overwhelming selling pressure, BTC recovered on Wednesday, rising over 1% to reclaim $113,000 and settling at $113,348.
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