Bitcoin, Ethereum, and XRP have seen significant drops, amid allegations of fraud involving the cryptocurrency architects for Melania Trump. Meanwhile,
gold is also experiencing a steep decline as debasement trade stumbles. The
biggest collapse in the crypto market was not led by Bitcoin, instead, it was led by smaller tokens.
Standard Chartered predicts that a dip in Bitcoin's value below $100k is 'inevitable.' In addition,
Bitcoin mining stock prices have also decreased which extended last week's sell-off. Despite the negative crypto news, the Trump family's $314M Bitcoin mining deal demonstrates a new reality in the market where Bitcoin recently jumped, taking its price back to $111,000. BlackRock, the world's largest asset manager, is
pulling Bitcoin whales into Wall Street's orbit while Bitcoin spot Exchange Traded Funds (ETFs) register positive flows of $477 million amid dwindling gold demand. However, Bitcoin analysts warn that potential decreased prices to sub-$100k are still possible even as Tesla reports that the rise in BTC value added $80M to its bottom line. As a silver lining,
Peter Brandt expects Bitcoin to reach $250,000 in value but moderates his forecast with a notable exception. The overall outlook for Bitcoin remains uncertain but attention is focused on the which direction the currency will turn to; will it be an increase or a further decrease in value?
Bitcoin News Analytics from Fri, 17 Oct 2025 08:42:31 GMT to Wed, 22 Oct 2025 21:38:42 GMT -
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