Kategorie: Crypto Markets

• Litecoin price jumped more than 12% to break above $120.
• Gains came amid a broader crypto market bounce that also saw Bitcoin and Ethereum hit highs of $118,500 and $4,300.
• ETF speculation, treasury strategy bets and overall macroeconomic conditions suggests LTC price could see a new all-time high in this bullish cycle.

Litecoin (LTC) price has retested the $120 mark amid a broader cryptocurrency market bounce.

As Bitcoin and Ethereum led the significant charge with gains of 5%, LTC saw a more than 12% spike to hit intraday highs of $121.

With sentiment increasingly optimistic amid a landscape likely to offer key tailwinds, Litecoin could be looking at a rally to highs last seen in 2021.

Litecoin price retests key level of $120

Litecoin’s rebound in the past 24 hours and past week aligns with the broader market’s uptick.

On Thursday, as macro factors helped BTC jump above $118,500, LTC saw its own upward flip. BTC price is eyeing the $120,000 mark.

Having broken from lows of $104 on Sept. 30, the altcoin continued higher to extend gains above $110. This saw bulls race to the crucial level of $120, an area likely to offer resistance as bears eye strengthening.

But the double-digit gain of over 12% in 24 hours, accompanied by trading volume spiking to over $1.3 billion, signals bullish strength.

LTC price prediction: How high can Litecoin jump amid ‘Uptober’ sentiment

The cryptocurrency community is buzzing amid calls for “Uptober”, a moniker referencing the cryptocurrency market’s historically bullish October periods.

As LTC targets fresh momentum, bolstered by a broader market cap recovery to $4 trillion, analysts project new multi year highs contingent on key catalysts like ETF approvals and macroeconomic shifts.

Filings for Litecoin spot ETFs from Grayscale, Canary Capital, and CoinShares are awaiting a green light from the SEC. Treasury plays like MEI Pharma are also adding to optimism.

On the technical front, LTC is pointing to a potential symmetrical triangle pattern breakout.

The upper boundary provided notable resistance earlier in the year, and bulls are looking to accumulate near this hurdle.

Successful bounce past this mark highlights a potential explosion to a new all-time high for LTC. Buyers could even set sights on $700-$1.000 in the current bullish cycle. Crypto analyst Captain Faibik shared a similar outlook on X.

$LTC #Litecoin will join the party soon, Accumulate it before it’s too late..✍️ pic.twitter.com/gc0VtMoKDE

— Captain Faibik 🐺 (@CryptoFaibik) October 2, 2025

This retest at $120 thus serves as a litmus test for whether the current bounce is a fleeting rally or the onset of a sustained uptrend.

If the threshold holds, particularly amid overall market upside, the Litecoin price could eye the first target of $200 in the coming weeks.

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• Bitcoin price is targeting a fresh rally to the $120,000 mark.
• The US government’s partial shutdown has seen BTC price break the key level of $117,000.
• Flight to safe-haven assets, and market bets on Federal Reserve interest cuts could fuel bulls’ ambitions.

Bitcoin price surged more than 3% as the United States federal government entered a partial shutdown on Wednesday, with BTC breaking above $117,000 for the first time in weeks.

Amid a spike in safe-haven assets like gold, investors looking for a different hedge against political and economic uncertainty flocked to Bitcoin.

The gains leave the benchmark asset on the verge of another uptick to the $120,000 level.

Bitcoin jumps above $117k amid 3% spike

Bitcoin’s price climbed sharply in early trading on Wednesday, breaking through the $117,000 mark for the first time since mid-September.

Fueled by a 3% intraday gain, BTC bulls shot to highs of $117,400 amid a rapid ascent that also boosted top altcoins like Ethereum and Solana.

While institutional inflows into spot Bitcoin exchange-traded funds and treasury company moves have provided steady support amid broader market jitters, the latest gains align with fresh moves for safe-haven assets.

US government shutdown catalyst

Technical resilience and the prevailing market conditions have analysts predicting further traction for BTC price.

Notably, the gains in the past 24 hours have brought Bitcoin’s value just 6% below its all-time high of $124,457 reached on August 14, 2025.

A huge catalyst for the uptick looks to be the market’s reaction to the US government shutdown.

On September 30, Congressional leaders and US President Donald Trump failed to strike a deal on continued government funding.

With the deadline passed, a partial shutdown kicked in, with stocks reacting lower and gold rallying to a new all-time high.

The flight-to-safety dynamics, which also align with a significant dip for the US dollar index, propelled gold’s rally.

Bitcoin, attracting investors as a safe haven asset, is also up and could target the psychological $120k level.

As investors react to the shutdown, and impact of potential delays to the release of key economic data, including the September jobs report, BTC stands poised to benefit.

Ostensibly, gold’s rally has pushed its spot prices to a new peak above $3,890 per ounce.

BTC’s own upside could accelerate as the market assesses the shutdown.

🚨 GOLD JUST HIT NEW ATH

Liquidity will migrate into $BTC now

History of 2021 and 2017 is repeating

Get ready for PARABOLIC pump pic.twitter.com/i3zGvFllWO

— ᴛʀᴀᴄᴇʀ (@DeFiTracer) October 1, 2025

What else could help Bitcoin price?

ADP private payrolls data, which showed a 32,000 job loss in September, has fueled expectations of a Federal Reserve cut.

The US central bank cut its interest rate in September, and bets for another cut on October 29 have gotten investors excited.

Lower rates have often been a bullish marker for risk assets, and signs for “Uptober” persist after Bitcoin showed gains in 10 of the past 12 October months.

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• CoinShares to buy Bastion Asset Management, expanding US crypto investment products.
• Deal boosts CoinShares’ push into active crypto ETFs amid rising institutional demand.
• Firm targets $1.2B US listing as SEC streamlines approval process for crypto ETFs.

European digital asset manager CoinShares is moving deeper into the US market with a new strategic acquisition and plans for a public listing.

The firm announced Wednesday that it will acquire London-based Bastion Asset Management, marking a significant step in its effort to broaden crypto investment products in the United States.

The acquisition, which remains subject to approval from the UK Financial Conduct Authority (FCA), will see Bastion’s trading capabilities, systematic strategies, and team fully integrated into the CoinShares platform.

The financial terms of the deal were not disclosed.

A CoinShares spokesperson described the move as a way to combine Bastion’s expertise with the company’s US registration to develop more sophisticated investment products.

“By combining Bastion’s systematic trading expertise with our 1940 Act registration, we can develop actively managed products for the US market that go beyond simple directional exposure to cryptocurrencies,” the spokesperson said.

Active ETFs gain ground

CoinShares is positioning itself to take advantage of a growing shift in investor appetite toward actively managed exchange-traded funds (ETFs).

Unlike passive ETFs, which track an index or asset, active ETFs rely on managers to select investments and aim to outperform the market.

“Most crypto asset managers in the US focus exclusively on passive products that simply track cryptocurrency prices,” the CoinShares spokesperson said in a Cointelegraph report, noting a growing institutional demand for more complex solutions.

The company holds registered investment adviser status under the US Investment Company Act of 1940, which allows it to offer actively managed investment products, including ETFs.

However, these require advanced quantitative and systematic trading expertise—capabilities CoinShares expects to gain from Bastion.

Bastion’s team brings more than 17 years of experience in systematic, alpha-generating strategies developed at major hedge funds including BlueCrest Capital, Systematica Investments, Rokos Capital, and GAM Systematic.

Their approach, which uses academically supported signals to generate returns independent of market direction, aligns with CoinShares’ aim to provide differentiated strategies.

The timing coincides with a broader rise in active crypto ETFs.

While passive products such as spot Bitcoin and Ether funds have historically dominated the market, the number of active ETFs overtook index-tracking funds in July.

Industry data show active funds more than doubled over the past five years, signaling a structural shift in investor preferences.

Building a US presence

CoinShares’ acquisition comes alongside its plan for a US public listing through a special purpose acquisition company (SPAC), valuing the firm at $1.2 billion pre-money.

A US exchange listing is expected to deepen access to capital markets and increase visibility among American institutional investors.

“The US remains the world’s deepest capital market for digital assets, and we’re building the infrastructure, team, and product suite to become a leading institutional player in that market,” CoinShares said.

The announcement follows recent regulatory developments in the US.

The Securities and Exchange Commission has approved rule changes allowing securities exchanges to adopt generic listing standards for new crypto funds.

The change is expected to streamline the process for ETF approvals, cutting the timeline from as long as 240 days to a maximum of 75 days.

With Bastion’s quantitative trading team onboard and the US listing on the horizon, CoinShares is preparing to position itself as a leading provider of both directional and alpha-generating crypto investment products in the world’s largest capital market.

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• Poland’s new crypto law imposes strict KNF licensing and heavy penalties.
• Industry warns rules could stifle innovation and push firms abroad.
• The president’s decision may determine Poland’s crypto market future.

Poland has moved closer to enacting one of Europe’s strictest cryptocurrency laws, drawing sharp criticism from industry leaders and sparking a heated political debate.

The legislation, framed as an interpretation of the European Union’s Markets in Crypto-Assets (MiCA) regulation, aims to strengthen oversight and protect investors but has raised concerns that it could stifle innovation and drive businesses abroad.

Stricter rules take centre stage

The Polish lower house, the Sejm, approved the Crypto-Asset Market Act (Bill 1424) on September 26, with 230 votes in favour, 196 against, and no abstentions.

The bill now awaits review by the Senate. If passed, it would position Poland as a jurisdiction with one of the most tightly regulated crypto markets in the EU.

Under the new framework, the Polish Financial Supervision Authority (KNF) will serve as the primary regulator for all crypto-asset service providers, including exchanges, issuers, and custodians, whether domestic or foreign.

Operators will need to secure a KNF license and demonstrate strong capital reserves, robust compliance systems, risk management protocols, and anti-money laundering procedures.

A six-month transition period will allow companies to align with the new rules, but violations could result in fines of up to 10 million zlotys ($2.8 million) or prison sentences of up to two years.

Supporters of the legislation, led by Civic Coalition rapporteur Krystyna Skowrońska, argue that the law is necessary to protect investors, stabilise the rapidly growing digital asset market, and ensure alignment with EU standards.

Proponents say it will bring legitimacy to a sector often criticised for opacity while shielding Poland from systemic financial risks.

Industry voices warn of exodus

Critics, however, warn that Poland’s approach goes far beyond what the EU’s MiCA regulation requires.

Przemysław Kral, CEO of the European crypto exchange Zondacrypto, called the legislation “a major step backwards,” arguing that it treats crypto as a threat rather than an opportunity.

He noted that the new rules could criminalise basic activities such as smart contract development, discouraging talent and investment in the country.

Industry insiders fear that the strict licensing and regulatory requirements, combined with KNF’s notoriously slow approval process, averaging 30 months, will drive startups and smaller operators abroad.

Kral highlighted Zondacrypto’s own experience: despite being founded in Poland, the company is regulated in Estonia, where it pays more than €6 million in VAT annually.

Such relocations could deprive Poland of jobs, tax revenue, and the chance to cultivate a thriving digital economy.

Prominent Bitcoin advocate Dominik Fel echoed these concerns, warning that Poland risks becoming a “museum of innovation” if the legislation takes effect.

Opposition politicians, including Confederation MP Krzysztof Rzońca, have urged President Karol Nawrocki to veto the bill, arguing that it could dismantle the domestic cryptocurrency market.

Apelujemy do Prezydenta @NawrockiKn o weto! Rząd forsuje ustawę, która zniszczy rynek kryptowalut w Polsce!

Konfederacja złożyła ponad 100 poprawek do tej ustawy. Wszystkie zostały odrzucone! @SlawomirMentzen z mównicy sejmowej rozłożył rządową narrację na łopatki! pic.twitter.com/OvIhPsPCYZ

— Krzysztof Rzońca (@KrzysztofRzonca) September 24, 2025

Poland’s political divide shapes the debate

The vote has exposed deep political divisions.

The Civic Coalition, Poland 2050-TD, PSL-TD, the Left, and Together supported the law, while the Law and Justice party (PiS), Confederation, and the Republicans opposed it.

PiS has announced plans to draft a lighter alternative modelled on other EU frameworks, which it intends to present at its congress in late October.

Analysts suggest that President Nawrocki’s decision will be pivotal for Poland’s future in digital assets.

While he does not personally hold cryptocurrencies, libertarian and pro-Bitcoin groups that supported his election are lobbying for a lighter regulatory approach.

The president’s choice could determine whether Poland positions itself as a leader in cautious but investor-friendly oversight or risks stifling innovation and losing its emerging digital economy to friendlier jurisdictions.

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