Bitcoin reached a new all-time high of $125,506 before a mild pullback to begin the week at $123,600, confirming the “Uptober” trend with over 10% weekly gains.
BTC supply on exchanges hit a six-year low, underscoring tightening supply amid rising institutional demand.
ETH treasuries now hold 3.9% of supply, overtaking BTC treasuries at 3.5%, while SOL treasuries hold 0.07%.
BNB Chain hit a new all-time high in daily perpetuals volume of $944 million, signaling renewed derivatives appetite.
Morgan Stanley and U.K. regulators are opening new institutional doors for crypto exposure.
Crypto markets recovered Monday as Iran nuclear talks progress and the Strait of Hormuz blockade remains without escalation. BTC approaches $74,000, but elevated equity correlation and fragile technicals keep the risk-reward unclear.
The HKMA handed its first approvals to the banks that already print the Hong Kong dollar. That tells you everything about what these tokens are meant to be.
Geopolitical pressure from the Strait of Hormuz standoff continues to weigh on BTC, which has failed to sustain gains above $72,500 even as whale selling dries up and leveraged shorts accumulate.
BTC retreated from a weekend high near $73,000 after the U.S. announced naval interdiction of vessels transiting the Strait of Hormuz, compounding an already fragile market structure.
