There has been a lot going on in the Bitcoin market, encountering a roller coaster ride in valuation. After **attaining all-time highs**, Bitcoin has been flirting with a **bear market**, with hints that it could decrease **below the $100,000 mark**. Meanwhile, ETF fever has swept across with global investment company **BlackRock setting sights on the Australian market**. Interestingly, Bitcoin and Ethereum ETFs have seen a combined **$800 million in outflows**, suggesting a high market fear. Galaxy, a digital asset management firm, trims its year-end Bitcoin forecast due to **whale selling and increased demand for gold**. Bitcoin miner companies such as **Marathon Digital and IREN** have reported their profitability and increased price targets, adding a positive spin. However, the firm stressed the importance of **buying the dip in stages** during market downturns. Despite the market fear, Bitcoin is considered to have entered its 'IPO moment', meaning **small-scale allocations are not sufficient anymore**. On a grassroots level, the **local community of Texas voted against incorporating** to hinder a Bitcoin mine operation. Lastly, Metaplanet, a DAO, raises funds by **borrowing against its Bitcoin holdings** to cover the dip, indicative of market resilience.
Bitcoin News Analytics from Fri, 31 Oct 2025 20:31:05 GMT to Wed, 05 Nov 2025 22:12:00 GMT -
Rating 0
- Innovation 5
- Information 7
- Rumor -4
