Monat: Oktober 2025

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Bitcoin price forecast: BTC could dip lower as ETF demand fades

Key takeaways

  • BTC is trading above $109k, down 5% in the last seven days.
  • The demand for spot Bitcoin ETFs has declined as Powell said another rate cut in December is uncertain.

Demand for spot Bitcoin ETFs declines

The demand for spot Bitcoin ETFs has declined over the past few days amid the current financial climate. Fed Chair Jerome Powell revealed earlier this week that it remains unclear if there will be another rate cut in December.

Data obtained from CryptoQuant’s latest weekly report shows that U.S. investor demand for spot Bitcoin ETFs has cooled sharply. Spot bitcoin ETFs posted a seven-day average outflow of 281 BTC, one of the weakest readings since April. Meanwhile, Ether inflows have stalled over the last seven days.

The report added that Coinbase premiums for BTC and ETH have flattened to near zero, and the CME futures basis has dropped to multi-year lows. These data show that institutional and retail traders alike are taking profits rather than adding exposure.

According to Glassnode, Bitcoin continues to struggle below the short-term holders’ cost basis of around $113,000, with the coin’s long-term holders still distributing roughly 104,000 BTC per month.

Transfer volumes from whale wallets to exchanges have surged to $293 million a day, suggesting that investors are taking profit rather than increasing exposure to the market. 

Bitcoin could dip to $102,000 if it closes below key support

The BTC/USD 4-hour chart remains bearish and efficient as it is down 1% in the last 24 hours. The monthly candle will close in a few hours and could indicate how the market will react in the near term.

If Bitcoin continues its correction and closes the candle below the 61.8% Fibonacci retracement level at $106,453, it could extend its dip towards the October 10 low of $102,000.

Bitcoin price by TradingView

The RSI of 46 is below the neutral 50, indicating bearish momentum is gaining traction. The Moving Average Convergence Divergence (MACD) lines are also converging, suggesting a bearish trend. 

However, if Bitcoin holds the support level at $106,453, it could rally towards the 50-day EMA at $112,872 over the next few hours and days.

The post Bitcoin price forecast: BTC could dip lower as ETF demand fades appeared first on CoinJournal.

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GHOST extends rally as whale scoops 4.8 million tokens

  • GHOST bullish as privacy cryptocurrencies gain traction.
  • It is attracting large investors after gaining more than 60% the previous week.
  • The alt maintains a bullish stance as a whale accumulated 4.8 million tokens.

GHOST is among the few tokens with an upside trajectory as the overall cryptocurrency market displays significant selling pressure.

The digital token thrived in the past few sessions as privacy cryptocurrencies gained increased traction, with Zcash leading the trend.

Meanwhile, GHOST’s remarkable performance is grabbing the attention of dip-pocketed investors.

For context, the alt surged roughly 65% over the past seven days.

According to Lookonchain, a new wallet withdrew 523.39 SOL, worth approximately $100,500, from Binance to buy around 4.8 million GHOST coins over the past 24 hours.

The transaction has stirred speculation due to its timing. Should we expect continued rallies from the altcoin?

The entry appears strategic as it comes amid bullish price actions, likely signaling conviction of extended upsurges for GHOST.

About Ghost

Ghost is a decentralized platform aiming to transform the crypto world with privacy.

The network uses GHOST as its native token. The ecosystem allows individuals to transact anonymously and privately.

While assets like Bitcoin have all their transaction history publicly available, Ghost obfuscates transactions across the network.

It hides transaction details on the senders and receivers’ ends to guarantee maximum privacy.

The altcoin remained in the spotlight in recent sessions as privacy tokens gained increased attention.

For instance, Zcash soared nearly 400% in October as the entire crypto sector struggled with uncertainty. GHOST gained around 115% the previous month.

Whale fuels optimism

The whale transfer has sparked the Ghost community, with social posts mentioning the token gaining attention.

While some questioned the whale’s motives, others perceive the accumulation as a sign of trust in the project.

Trading volumes mirrored the enhanced sentiments. GHOST’s daily trading volume skyrocketed by more than 600% to $2.81k.

That reflects renewed user interest in the digital currency.

Also, Ghost appears to have adequate liquidity on decentralized exchanges. That suggests that organic demand is fueling GHOST’s rally.

GHOST price outlook

The alt maintains an optimistic outlook, changing hands at $0.06215 at the time of writing.

It has gained over 65% and roughly 115% the past week and month.

Technical indicators point to further rallies for the alternative token.

For instance, GHOST is hovering well above the vital 50 and 100 Exponential Moving Averages on the 4Hr timeframe.

That indicates a reliable support barrier for the digital asset.

The Moving Average Convergence Divergence displayed a bullish crossover with robust green histograms.

GHOST will possibly extend its rallies before cooling.

The 4Hr Relative Strength Index reads 72, highlighting overbought situations and the possibility of imminent corrections.

The post GHOST extends rally as whale scoops 4.8 million tokens appeared first on CoinJournal.

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FTT price turns bullish as SBF claims FTX exchange was never insolvent

  • Sam Bankman-Fried and his team continue to defend themselves.
  • SBF’s X account posted a long document on Thursday claiming the exchange wasn’t actually insolvent.
  • FTT has decoupled from broader dips with a 2% uptick.

An X account, currently controlled by a friend of Sam Bankman-Fried, stirred the cryptocurrency market with a post claiming that the firm wasn’t insolvent.

The 15-page document claims FTX encountered a liquidity crisis that “was on track to be resolved by the end of the month” until the exchange’s external counsel assumed control. It declared:

FTX was never bankrupt, even when its lawyers placed it into bankruptcy.

The disgraced founder and his team supposedly wrote the document, which highlights that the exchange didn’t file for bankruptcy after a plan to commit fraud and mishandle billions of customer funds, as the court concluded.

They insist that FTX encountered a liquidity crunch after “a sudden shortage of cash.

Meanwhile, the exchange’s native token, which has survived without solid utility since FTX’s debacle, turned bullish amid the developments.

FTT gained more than 2% on its daily chart to trade at $0.8473.

Its trading volume has increased by over 25%, indicating optimism.

For context, the global crypto market capitalization remained muted the past 24 hours with a mere 0.08% uptick to $3.7 trillion.

FTX had enough funds during the collapse

The document argues that the cryptocurrency exchange and sister company Alameda boasted assets worth $25 billion, alongside $16 billion in equity value, against liabilities worth $13 billion, as it fell in 2022.

That means a net value of approximately $28 billion. It added:

During the crisis, the value of the assets and (presumably) equity took a temporary hit, but even at the peak of the crisis, the companies remained solvent – even if one were to ignore equity.

SBF and his team claim their empire would be worth roughly $136 billion if lawyers didn’t sell assets that they invested in.

That would comprise a $7.6 billion stake in Robinhood broker, $14.3 billion investment in AI startup Anthropic, among other assets.

Community response

However, cryptocurrency enthusiasts and online investigators aren’t buying SBF’s claims.

Some believe these are desperate attempts to secure a pardon, after Donald Trump’s similar move on Binance founder CZ.

Meanwhile, some questioned why FTX suspended withdrawals if it had enough money for creditors.

A DeFi enthusiast and X user, Hanzo, referenced the incident where Bybit suffered $1 billion ETF scam, stating:

Many CEXs went through stress tests after some massive fuck ups, and they all are here.

FTT price outlook

FTX’s native token gained more than 2% amid these developments.

It is hovering at $0.8473, with soaring trading volumes highlighting enthusiasm.

Nevertheless, FTT recoveries will likely be short-lived.

Broader market weakness and negative community reaction to the team’s claims weigh on the digital token.

The post FTT price turns bullish as SBF claims FTX exchange was never insolvent appeared first on CoinJournal.

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Coinbase crushes Q3 estimates as crypto market boom fuels revenue

  • Q3 net revenue hit $1.79 billion, up from $1.13 billion a year ago.
  • Profits soared to $433 million, compared to just $75.5 million last year.
  • Transaction fee revenue jumped 83% to $1 billion amid a crypto market upswing.

A surging crypto market powered Coinbase Global to a stronger-than-expected third quarter, with the exchange reporting significant beats on both profit and revenue as trading activity boomed and its services division hit a new record.

The impressive results, which reflect a crypto market that saw Bitcoin reach an all-time high during the quarter, underscore the company’s successful strategy of catering to advanced traders and expanding its institutional offerings.

The news sent Coinbase stock up as much as 2.6% in after-hours trading.

Coinbase’s financial results significantly outpaced the same period last year.

The company reported a net profit of $433 million, or $1.50 per share, a massive increase from just $75.5 million a year ago.

Net revenue for the quarter tallied $1.79 billion, up from $1.13 billion in the prior year.

This was driven by a sharp increase in trading volume, which totaled $295 billion for the quarter, a substantial jump from $185 billion in the same period last year.

Two engines of growth: trading and services

The company’s revenue growth was powered by strong performance in both of its core business segments.

Transaction fee revenue, the company’s traditional bread and butter, climbed 83% from a year ago to hit $1 billion.

Coinbase CFO Alesia Haas told Yahoo Finance Executive Editor Brian Sozzi that this growth was fueled by sophisticated market participants.

“We rolled out this new white-glove service offering that’s seen a lot of traction that we’re able to retain and grow these advanced traders on our platform,” she said.

Meanwhile, the company’s subscription and services division—which includes revenue from stablecoins, staking, and interest—rose 34% to a record high of $747 million, demonstrating the company’s successful diversification efforts.

Riding a wave of regulatory clarity

Coinbase credited a more favorable regulatory environment in Washington for creating new opportunities, particularly in the stablecoin sector.

The Trump administration’s move to create a federal framework for stablecoins in July has provided a significant boost.

“We are accelerating payments through stablecoin adoption, which we anticipate will continue given policy tailwinds, and ongoing adoption from financial institutions and corporates for payment and treasury needs,” the company said in its letter to shareholders.

With regulatory clarity accelerating, crypto rails are set to power more of global GDP, and we believe Coinbase is positioned to lead.

The company’s focus on USDC, the second-largest stablecoin, generated $354 million in revenue, with the average USDC held across its products reaching an all-time high of over $15 billion in the quarter.

Strategic moves to capture the institutional market

Coinbase has been aggressively expanding its institutional footprint through both acquisitions and partnerships.

The $2.9 billion purchase of derivatives exchange Deribit in May is already paying dividends. “Our institutional trading revenues, they grew over 120% in the quarter,” Haas said.

The company is also embedding itself in the traditional finance world by forging key partnerships with major US banks.

These include a credit card partnership with JPMorgan Chase, a crypto-as-a-service deal with PNC, and a crypto payments collaboration with Citigroup.

To further enhance these efforts, Coinbase applied for a national trust bank charter earlier this month.

The post Coinbase crushes Q3 estimates as crypto market boom fuels revenue appeared first on CoinJournal.

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GFH Financial Group picks Binance Pay for crypto services in Bahrain

  • GFH App to enable instant crypto-to-fiat payments via Binance Pay.
  • The partnership boosts Bahrain’s role in GCC digital finance innovation.
  • Central Bank of Bahrain backs the service with PSP and stablecoin rules.

Bahrain’s GFH Financial Group has become the first Islamic investment bank in the Kingdom to integrate cryptocurrency payments directly into its banking app, marking a major milestone in the nation’s digital finance journey.

The partnership with Binance Pay enables GFH clients to perform real-time crypto-to-fiat transactions, bringing blockchain technology closer to traditional banking in Bahrain.

A first for Bahrain’s banking sector

Through this collaboration, GFH customers can now use Binance Pay within the GFH app to fund investments instantly and securely.

The feature allows users to convert digital assets into local currency without leaving the bank’s ecosystem, streamlining what was once a complex process.

This innovation eliminates the need for third-party exchanges for simple conversions, bridging the gap between crypto and conventional finance.

The service is powered by Binance Pay’s infrastructure, ensuring fast and low-cost transactions.

Clients can top up fiat e-wallets, custody both fiat and cryptocurrencies, and complete investment subscriptions within seconds.

For GFH Financial Group, the partnership is a defining step in its digital transformation strategy, designed to enhance accessibility and efficiency for customers managing digital and traditional assets alike.

Regulatory backing strengthens the launch

The Central Bank of Bahrain (CBB) has played a crucial role in supporting this advancement.

Earlier this year, it granted BPay Global B.S.C.(c) — a Binance Group company — a Payment Service Provider (PSP) license to operate in the Kingdom.

The license enables BPay Global to facilitate fiat and crypto custody, manage e-wallets, and process payments securely under the CBB’s supervision.

In parallel, the CBB introduced a stablecoin framework allowing both USD-backed and Bahraini dinar-pegged stablecoins to circulate in the local market.

This regulatory clarity provides a strong foundation for integrating crypto within the financial system, offering stability and ensuring compliance with international standards.

Financial experts say these policies strengthen Bahrain’s position as a crypto-friendly jurisdiction within the Gulf Cooperation Council (GCC).

Bridging traditional banking with blockchain

Osama Nasr, Chief Digital Banking Officer at GFH Financial Group, described the initiative as a transformative step that bridges traditional banking with blockchain technology.

“By bridging traditional banking with blockchain technology, we are introducing a new era of convenience, security, and accessibility for our customers,” Nasr said.

Nasr emphasised that this integration aligns with GFH’s broader goal of delivering smarter and more connected financial experiences.

From Binance’s side, Tameem Al Moosawi, General Manager of Binance Bahrain, highlighted the partnership’s alignment with Bahrain’s economic vision. “

We are contributing to a more competitive and sustainable digital economy. This partnership not only enhances financial innovation but also fosters digital literacy and positions the Kingdom as a leader in the future of finance,” he noted.

Regional momentum in crypto integration

The GFH–Binance partnership reflects a growing trend across the GCC, where financial institutions are increasingly adopting blockchain-based solutions.

In the UAE, Liv Bank, a subsidiary of Emirates NBD, has teamed up with Aqua Now for fiat-crypto settlements, while RAKBANK has partnered with BitPanda to offer similar services.

Together, these developments illustrate how Gulf countries are moving toward harmonising digital assets with established banking systems.

In Bahrain, the combination of regulatory foresight, Islamic finance principles, and fintech innovation has created fertile ground for crypto adoption.

GFH Financial Group’s integration of Binance Pay not only enhances the local banking experience but also signals Bahrain’s readiness to compete as a regional hub for digital finance.

The post GFH Financial Group picks Binance Pay for crypto services in Bahrain appeared first on CoinJournal.