The proposed AI Liability Act could significantly impact AI companies by increasing accountability and reshaping their operational strategies.

The post European Parliament proposes new liability rules for AI companies appeared first on Crypto Briefing.

The incident underscores the persistent challenges global banks face in detecting and preventing sophisticated money laundering schemes.

The post Standard Chartered CEO says bank closed accounts linked to Russian money laundering network that moved $6.9 billion appeared first on Crypto Briefing.

The shift in trade dynamics at Long Beach highlights a strategic diversification in global supply chains, reducing reliance on China.

The post Port of Long Beach hits record throughput as China’s trade share keeps sliding appeared first on Crypto Briefing.

The meeting signals a potential shift towards diplomatic solutions, possibly easing tensions and fostering dialogue in the U.S.-Iran conflict.

The post Iranian foreign minister meets EU, Qatar, Italy, Switzerland officials in New York appeared first on Crypto Briefing.

Trump's ultimatum at the UN risks escalating military conflict, potentially destabilizing global oil markets and international relations.

The post Trump warns UN he may ‘annihilate’ Iran if nuclear deal falls through appeared first on Crypto Briefing.

Bitcoin Magazine

No Bitcoin Payments in Russia — But the Digital Ruble Is Open for Business

While bitcoin is banned for making payments in Russia, the government is keen on one type of digital money: its own central bank digital currency. 

The digital ruble has been available for transactions in the country since September 1, according to a Tuesday report from Tass. 

Citing a talk given by Prime Minister Mikhail Mishustin, the news agency said that it was all part of “developing a convenient, fast, and independent payment infrastructure” in Russia. 

Russia has been fast regulating digital assets this year. President Vladimir Putin in August signed a law regulating the circulation of digital currencies and digital rights in the country. 

The law states that only registered entities can operate as exchanges, and puts limits on the amount of crypto retail investors can use. 

But what about Bitcoin? 

President Putin in 2024 seemed to praise the OG cryptocurrency. “For example, Bitcoin, who can ban it? Nobody,” he said at a forum at the time. 

“And who can prohibit the use of other electronic payment instruments? Nobody, because these are new technologies.” 

The president has also spoken about how the country has “competitive advantages” when it comes to Bitcoin mining due to the abundance of cheap energy in Russia. 

Though the Kremlin still has a tight grip on what its citizens can do with it: Retail investors are limited to trading bitcoin and other liquid cryptocurrencies, capped at 300,000 rubles ($3,556) per year, according to the August law. Qualified investors have no restrictions. 

And using crypto as a form of payment has been illegal in Russia since 2022. 

Central bank digital currencies — or CBDCs — are a centralized form of digital money, issued by a central bank. Bitcoiners have long criticized the idea of such a product because it can be used by governments to surveil its citizens and ultimately even control their spending. 

U.S. President Donald Trump even signed an executive order in 2025 prohibiting federal agencies from establishing, issuing, or promoting a CBDC. 

But in Russia, a digital ruble is the best way for keeping citizens in check. The Bank of Russia settled early on an architecture that mixes a centralized ledger it controls with distributed-ledger components. The 2021 concept described the preferred model as hybrid — distributed ledgers combined with centralized components — and the full technical details have never been published. 

Bitcoin payments, on the other hand, are being used by companies in international payments to counter Western sanctions, Finance Minister Anton Siluanov admitted in 2024.

This post No Bitcoin Payments in Russia — But the Digital Ruble Is Open for Business first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Jeff Walton: How Strive Supercharged its Bitcoin Buying Strategy

Strive was one of the best performing stocks in the Russell 2000 over the past month, and Chief Risk Officer Jeff Walton says the company is on pace to double its Bitcoin holdings roughly every 12 weeks. In this conversation with Grace Remington and Sean Hagan, Walton explains how Strive manages its liquidity position while scaling that fast, why the balance sheet just crossed $2.5 billion in total strength, and how the common stock and preferred ATMs actually fund Bitcoin accumulation. He also breaks down the $700 million in warrants expiring October 13 and what their exercise would mean for leverage and future products. Walton closes with the systemic credit risk he thinks the entire market is underpricing.

Chapters:
00:00 — Jeff Walton Brings a Reinsurance Risk Playbook to Bitcoin
00:33 — Why a 24/7 On-Chain Market Is Easier to Model Than Equities
01:36 — Strive’s Russell 2000 Run and the $2.5 Billion Balance Sheet
02:15 — How the Common Stock and Preferred ATMs Fund Bitcoin Buys
03:54 — Staying Simple While Strategy and Metaplanet Stack Products
04:59 — Dividends, Cost of Capital, and Buying Bitcoin Near $86,000
06:19 — Why the Four-Year Bitcoin Cycle Is Fundamentally Breaking Down
08:26 — Trust as Capital Market Infrastructure and the Liquidity Test
10:28 — Inside Strive’s 25 to 50 Percent Bitcoin Hurdle Rate
12:07 — The Systemic Credit Event the Market Is Underpricing

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post Jeff Walton: How Strive Supercharged its Bitcoin Buying Strategy first appeared on Bitcoin Magazine and is written by Patrick Green.

Bitcoin Magazine

Jim Bianco: Macro Outlook, The 4th Turning and Bitcoin Adoption

The Fed just hiked for the first time in more than three years, and Jim Bianco of Bianco Research says the bond market had been signaling this was necessary for two years. He points out that during the cutting cycle the ten-year yield rose from 3.7% to 5% — the first time in over 50 years that long-term yields climbed while the Fed cut. In this conversation with Grace Remington and Sean Hagan, Bianco explains what he’d need to see in the long end of the curve to conclude the Fed has regained credibility with bond investors, and why the October 28 decision one week before the midterms matters more than Wall Street thinks.

Chapters:
00:00 — What the Long End of the Curve Says About Fed Credibility
00:31 — The Ten Year Went From 3.7% to 5% While the Fed Cut
01:17 — The October 28 Decision One Week Before the Midterms
01:39 — Pushing Back on the Debasement Trade Narrative
02:27 — Development Activity, DeFi Summer, and What Bitcoin Needs to Show
03:04 — Why Tether Is Effectively the Currency in Venezuela and Afghanistan
04:34 — Why the Bitcoin ETF Buildout Missed the Plot
05:26 — Stablecoins, the GENIUS Act, and Real Treasury Demand
06:56 — The Post-COVID Economy and Pushing Back on Jay Powell
08:00 — Multiple Wars, Ports in the Storm, and Fourth Turning Dynamics

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post Jim Bianco: Macro Outlook, The 4th Turning and Bitcoin Adoption first appeared on Bitcoin Magazine and is written by Patrick Green.

Bitcoin Magazine

Now Accepting Bitcoin: Shortwave Coffee Bitcoin Enabled Across 3 States

This story is about Shortwave Coffee bitcoin acceptance and a massive worldwide movement. There are millions of insistent bitcoiners walking up to counters and asking the same four words, “Do you accept bitcoin?”. Half the time we already know the answer is no. We ask anyway, because the look on a cashier’s face when a stranger asks about magic internet money over a $5 latte never gets old.

This year the math shifted in our favor. In March 2026, Square began automatically switching on bitcoin acceptance for up to 4 million terminals, moving the feature from an opt-in tool to a default enrollment. The periodic rollout, though, has felt more like a trickle than a wave. Ask around and you’ll find plenty of Square terminals that haven’t yet received the update. So many of us decided to help accelerate the rollout ourselves: walking into local shops, asking for the manager, and making the case to enable bitcoin payments. This series is going to track those wins, one business at a time.

First up: Shortwave Coffee

When visiting the Saint Louis area, there are an estimated 250 independent coffee shops, and one has gained unwavering loyalty to a few bitcoiners. Why?

Shortwave Coffee started in Missouri, in 2014 as a small, family-run roastery, and it’s since grown to five locations across three states: two in Columbia, one in St. Louis, plus outposts in Minneapolis and a roastery in Tampa. They roast their own beans, pull a genuinely excellent shot of espresso, and the detail that made plebs loyal, they take bitcoin at the register.

For the last few months, a group of local bitcoiners asked the baristas, and wrote their generic company email multiple times before finally hearing yes in July 2026. The St. Louis shop sits in the Central West End at 33 N. Sarah Street. They host a beautiful outdoor patio bordered by a wildflower garden (picture attached), huge indoor coffee shop with 75+ person capacity, and ample street parking. Head two hours west and you’ll find Shortwave’s original Columbia locations which also have a great ambience. Same modern build-out, genuinely local feel, and bitcoin acceptance.

That’s really the thesis of this whole column, we can pick the top caliber shops to spend our money. If they understand high quality products and care about their customers, they will accept bitcoin when customers ask for it. Square is a great option, but bitcoin does not discriminate.

If your favorite coffee shop, mechanic, or any small business just turned bitcoin on, tell me about it. Let’s explore how this change in currency is manifesting, send it to Vagabond@b.tc, and we will get back to you for coverage of the story.

This post Now Accepting Bitcoin: Shortwave Coffee Bitcoin Enabled Across 3 States first appeared on Bitcoin Magazine and is written by Vagabond.

Bitcoin Magazine

Bitcoin Bull Market Engaged? 50-Week Moving Average Flips Bullish

Bitcoin just closed a weekly candle above its 50-week simple moving average for the first time this cycle, and Sean Hagan puts roughly 80% confidence on this being a genuine regime change. In this Chart of the Day, he and Grace Remington break down why this indicator has historically marked the line between bull and bear regimes, what one additional weekly close would confirm, and the only two times in Bitcoin’s history the signal didn’t hold. With Bitcoin up nearly 10% on the week and pushing through $86K, the timing lines up almost exactly with the one-year window from all-time high to cycle bottom.

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post Bitcoin Bull Market Engaged? 50-Week Moving Average Flips Bullish first appeared on Bitcoin Magazine and is written by Patrick Green.

US spot Bitcoin exchange-traded funds (ETFs) pulled in nearly $1 billion as BTC broke above $86,000, marking their strongest inflow day of 2026.

The funds recorded $999 million of net inflows on Sept. 21, the largest daily total since Oct. 6, 2025, when the products attracted about $1.2 billion, according to SoSoValue data.

Measured in Bitcoin, the move was even more pronounced. The ETFs absorbed about 11,530 BTC, their largest one-day net intake since Nov. 11, 2024, when they added roughly 12,560 BTC. The latest buying came as Bitcoin surged through $86,000 and briefly traded above $87,000, its highest level since January.

BlackRock’s iShares Bitcoin Trust (IBIT) led with $381.4 million, followed by $289.1 million for the ARK 21Shares Bitcoin ETF (ARKB) and $238.8 million for Fidelity’s Wise Origin Bitcoin Fund (FBTC).

The three accounted for more than $909 million of the total, while each of the six largest products contributed, Bloomberg Intelligence ETF analyst Eric Balchunas said.

For IBIT, the $381 million inflow ranked as its fourth-largest daily intake, Balchunas said. He pointed to the uneven pattern of recent creations as a constructive signal, arguing that irregular inflow days better reflect dispersed investor activity than allocations driven by a single large model or institution.

Record Bitcoin ETF inflows arrive without a trading-volume surge

Meanwhile, the scale of the creations contrasts with secondary-market activity.

Bloomberg Intelligence ETF analyst James Seyffart said US spot Bitcoin ETFs traded about $4.5 billion during the latest session, slightly below the roughly $4.6 billion recorded Friday. The relatively ordinary turnover stood out against Bitcoin’s sharp price move and the size of the reported inflows.

The timing also complicates attempts to connect Monday’s ETF figures directly to Bitcoin’s breakout.

Balchunas said much of the roughly $1 billion inflow probably reflects trading and creation activity from Friday because fund flows are reported with a lag. That means the next batch of disclosures may better show how investors responded once Bitcoin accelerated through $86,000.

“Look for more tonight,” Balchunas said.

That distinction raises the stakes for the next session. If Monday’s rally generated another wave of creations, the ETFs could extend a sharp reversal from the outflows that weighed on the market earlier this year and add a sustained source of spot demand as Bitcoin approaches $90,000.

The post Bitcoin ETFs just absorbed 11,500 BTC in their biggest buying day in nearly two years appeared first on CryptoSlate.

Coinbase Derivatives has filed a proposed framework for perpetual futures tied to individual US stocks and exchange-traded funds, but the contracts remain subject to regulatory approval.

The Securities and Exchange Commission notice, published Sept. 18, says Coinbase submitted the proposed rule change to the Commodity Futures Trading Commission and that the CFTC had not approved it. The CFTC product register still listed the Single Stock Perpetual Futures Contract as “Approval Pending” when checked Sept. 22.

The filing therefore gives Coinbase a public rule proposal, not a product that traders can access. It describes how the exchange wants the contracts to work if the outstanding approval is secured.

Price exposure without share ownership

The proposal covers cash-settled futures on individual equity securities and ETF shares, including contracts with no fixed expiration date. A cash-settled contract resolves gains and losses through money payments instead of delivering the underlying stock or ETF shares.

That structure would give traders exposure to changes in an underlying security’s reference price without making them shareholders. The contracts would not deliver shares or convey ownership of the underlying security. They would provide a derivatives position whose value follows the referenced stock or ETF rather than the rights attached to holding that asset directly. Any gain or loss would arise from the futures position, not from owning and later selling the underlying shares.

Open positions would also be subject to funding payments. The broad rule framework does not establish one universal rate or interval for every contract. Instead, a product appendix or identified market reference materials would specify the funding methodology, payment mechanics, interval, publication practices and operational timing for each product.

The proposed trading week would run from Sunday at 8 p.m. Eastern through Friday at 5 p.m. Eastern. Holidays, maintenance windows and other exchange-specified periods could interrupt that schedule, while trading would remain subject to pauses, suspensions and regulatory halts.

Those hours broadly match the 24/5-style exposure described in an official @coinbase post. The wording of that announcement was prospective: @coinbase said it had filed and was “working to bring” the product to the US.

The proposal outlines no-expiry, cash-settled exposure and extended trading hours, but the CFTC register continues to show approval pending. Until the regulatory process advances and Coinbase supplies final contract-specific terms, the filing does not establish a launch or current availability. Claims that the product is already approved, launched or open to traders are therefore premature.

The post Coinbase targets stock futures but CFTC standstill blocks launch appeared first on CryptoSlate.

Bitcoin’s 11.65% weekly rebound now carries evidence of genuine spot and on-chain participation, widening a move that began with heavy short-covering.

During EU trading hours on Sept. 22, CryptoSlate market data placed Bitcoin at $85,877. In its latest market snapshot, Glassnode identified that the asset had risen more than 10% from the previous Sunday’s close and moved above $80,000 for the first time in nearly two weeks.

Glassnode said exchange spot taker flow flipped from net selling to net buying as volume increased, while the monthly change in realized capitalization moved above its high band. That combination shows the rebound had gained buyers beyond those forced to close bearish positions.

Demand quality improved, yet the market also accumulated a new vulnerability. Futures open interest, funding and realized profit-taking all sat above Glassnode’s bands. Bitcoin’s next phase therefore depends on whether spot participation can absorb leveraged positioning and sales from holders already sitting on gains.

Spot and on-chain participation improved

Bitcoin’s initial break above $85,000 had a large mechanical component. CryptoSlate reported on Sept. 21 that CoinGlass data showed more than $648 million of crypto short positions were liquidated as the price rose. Traders betting against Bitcoin had to buy back positions, adding momentum to the advance.

Forced buying eventually runs out as vulnerable positions are cleared. The earlier rally therefore left a specific durability question: would willing spot buyers remain after the squeeze faded?

Glassnode’s Sept. 21 reading provided the first affirmative evidence. Spot taker flow captures the balance of aggressive market orders on exchanges. Its move from net selling to net buying, accompanied by higher volume, showed buyers increasingly executing at available prices.

Perpetual taker flow also swung from heavy net selling to net buying, but that metric belongs to the derivatives market. Perpetual positions can employ leverage and face liquidation, while executed spot purchases represent a separate demand channel. The simultaneous shift broadened participation without establishing how persistent either group would be.

The on-chain reading reinforced the constructive side of the picture. Realized capitalization values each Bitcoin at the price when it last moved on-chain, providing an estimate of the network’s aggregate cost basis. Its monthly change standing above Glassnode’s high band showed coins were being repriced at higher levels.

The metric should be read as on-chain valuation rather than literal cash flow. It does not identify buyers or count dollars entering Bitcoin.

That definition sharpens the contrast with the prior week. CryptoSlate reported that realized cap contracted on Sept. 15 after 27 consecutive growth days. By Glassnode’s Sept. 21 report, the monthly change was back above its high band.

The two observations show that the earlier contraction had given way to a stronger monthly reading by the time Bitcoin tested $86,000. They do not establish every daily move between those dates, but they mark a clear improvement in the on-chain cost-basis signal.

Leverage tests the rebound

Glassnode’s derivatives readings put a limit on the bullish interpretation.

Futures open interest sat above its high band, and funding was also above its band as longs paid to maintain exposure. Higher open interest expands the pool of positions that can be forced out during a sharp move, while elevated funding raises the carrying cost for leveraged buyers.

Options positioning pointed to another imbalance. Open interest was above its high band near $41 billion, while Glassnode’s spread between implied and realized volatility had moved farther below its low band. Options were pricing less movement than Bitcoin had recently delivered. Skew edged toward puts but remained inside its range.

None of those readings predicts a reversal. Together, they show a market with more exposure to unwind if price moves abruptly.

Profitable supply creates a separate absorption challenge. Glassnode estimated that about two thirds of Bitcoin’s supply was in profit. Unrealized gains and realized profit-taking were both above their bands, indicating that holders had both the capacity and demonstrated willingness to realize gains.

Continued spot buying would give those sales a deeper pool of demand. A fading spot bid alongside rising open interest would leave price more dependent on leveraged traders, increasing the potential for liquidation-driven volatility.

ETF activity offered a reminder that the demand recovery was uneven. Glassnode’s Sept. 21 report put weekly ETF net flow at roughly negative $300 million. That dated measure covers institutionally mediated fund creations and redemptions over a weekly window, separate from exchange spot taker flow and the monthly change in realized cap. The three indicators describe different routes through which demand and valuation can change.

Deribit’s Bitcoin options expiry falls on Sept. 25 at 08:00 UTC under its published contract schedule. The date creates a potential hedging and volatility window, without supplying a directional signal on its own.

The more durable test will extend beyond that expiry. If exchange spot taker flow remains positive while realized-cap growth holds and futures funding cools, Bitcoin would have a stronger base for the next leg. If leverage continues to build as spot participation weakens, the rebound would become increasingly exposed to the same forced-position dynamics that accelerated its opening phase.

The post Massive ETF capital exits threaten Bitcoin’s fragile $86,000 price surge appeared first on CryptoSlate.

GameStop’s Bitcoin options strategy faces a key test Friday as the cryptocurrency trades well above its disclosed $70,000 call strike.

The company said in a Sept. 9 filing that covered-call contracts tied to roughly 2,000 BTC were outstanding as of Aug. 1, with maturities extending through Sept. 25. Bitcoin was trading around $85,662 on Sept. 22, leaving the token more than $15,000 above the strike.

If those calls remain open through expiration, GameStop would have capped its participation in further gains on the covered Bitcoin. At current prices, the difference between spot and the $70,000 strike amounts to roughly $31.3 million across 2,000 BTC.

That figure represents potential upside surrendered under the strategy rather than a realized loss. GameStop collected option premiums for selling the calls, and the final economics would depend on the contract terms, any premium received, and whether the company has since closed or rolled the positions.

The filing only establishes that the calls were open on Aug. 1. GameStop has not disclosed whether the same exposure remains in place today.

Bitcoin rally raises cost of income strategy

Covered calls allow an asset holder to generate premium income by selling another investor the right to participate in gains above a specified price. The trade becomes less attractive when the underlying asset rallies sharply through the strike because appreciation above that level is effectively surrendered while the contract remains outstanding.

GameStop has already acknowledged that its covered-call program limits participation in Bitcoin gains above the relevant strikes.

The latest rally has made that trade-off more visible. Bitcoin’s advance into the mid-$80,000s means a position that generated income when prices were lower could now constrain returns on a substantial portion of the company’s Bitcoin exposure.

Public filings leave several details unresolved. GameStop has not disclosed whether the private over-the-counter contracts settle in cash or Bitcoin, whether they can be exercised before maturity, or how automatic exercise, netting and closeout provisions are structured.

The company recorded a $2 million derivative liability for covered calls as of Aug. 1 and reported about $13.8 million in gains from changes in their fair value during the first half of fiscal 2026. Those results included earlier contracts that had already matured, making them an incomplete guide to the current position.

Previous filings show GameStop has actively adjusted the strategy. An earlier tranche expired before the company entered new contracts, indicating the outstanding amount can shift between reporting dates. Its Sept. 8 earnings release did not provide an update beyond the Aug. 1 snapshot.

The 2,000 BTC referenced by the calls is separate from the 4,709 BTC GameStop pledged to Coinbase Credit under a broader collateral arrangement. That agreement allows Coinbase Credit to rehypothecate, commingle, or sell pledged Bitcoin while GameStop retains a contractual right to receive equivalent assets.

Friday’s expiration therefore leaves investors with a narrower question: whether GameStop still has the $70,000 calls in place after Bitcoin’s rally.

If it does, the company may have traded tens of millions of dollars in upside for option income. If the position was rolled or closed, the outcome could look very different, and the next filing would be the clearest indication of how aggressively GameStop is managing its Bitcoin treasury as prices move higher.

The post GameStop may have surrendered $31 million of Bitcoin upside with one options trade appeared first on CryptoSlate.

Moscow Exchange will launch perpetual futures tied to five major cryptocurrencies on Sept. 22, giving qualified investors continuous price exposure to Bitcoin, Ethereum, Solana, XRP, and Tron without requiring them to own the underlying assets.

The new contracts are BTCUSDF, ETHUSDF, SOLUSDF, XRPUSDF, and TRXUSDF. Each tracks a corresponding MOEX crypto index and automatically rolls over each day, allowing investors to maintain their positions without manually switching to a new contract at expiration.

Unlike spot crypto trading, the futures do not deliver any cryptocurrency. They are quoted against US dollar-denominated indexes, while profits and losses are settled in Russian rubles.

Exposure without ownership

The structure means investors can gain exposure to crypto price movements without holding Bitcoin, Ether or other tokens themselves.

Access is limited to qualified investors, according to MOEX. The products therefore expand the exchange's existing derivatives market rather than opening spot crypto trading to retail investors.

Investors must also post collateral to trade the contracts. MOEX set first-tier minimum margin rates at 22% for Bitcoin, 35% for Ether, 38% for Solana, 43% for XRP, and 30% for Tron. The requirements mean traders must commit a portion of a position's value as collateral, with XRP carrying the highest initial margin requirement among the five contracts.

MOEX has also established concentration limits for each contract. Its LK1 and LK2 limits range from 961 and 4,807 contracts for XRPUSDF to 124,490 and 622,450 for ETHUSDF.
Those figures cannot be directly compared as measures of market exposure because the contracts have different specifications and values. Brokers will also determine the final trading conditions available to individual qualified clients.

The launch builds on the Moscow Exchange's existing crypto derivatives business. The exchange already offers dated futures tied to crypto indexes and said on Sept. 16 that more than 72,000 qualified investors had traded its digital-asset futures.

Cumulative turnover in those products has exceeded 600 billion rubles, according to the exchange.

The new perpetual contracts remove the need to manually roll positions into later-dated futures. Each contract lasts one day and automatically rolls into the next trading period, allowing investors to maintain continuous exposure.

MOEX set the funding parameters K1 at 0% and K2 at 0.35%.

Despite the perpetual structure, the products remain cash-settled derivatives. Investors gain exposure to crypto prices through a regulated MOEX contract but never receive or hold the underlying cryptocurrency.

The post Moscow Exchange launches 5 crypto perpetual futures as demand tops 600 billion rubles appeared first on CryptoSlate.

Of the 25 largest cryptocurrencies, on September 22, 2026 there are three you cannot buy directly against euros at any of the five trading venues we checked, and four more at exactly one. Anyone chasing a riser during the current rally therefore runs into a wall at a point that appears nowhere in the price rankings: the coin sits at number nine or number fourteen, but your euro cannot reach it.

cryptoticker.io compiled this analysis itself on September 22, 2026. What it means for your next order, which detours exist and what they cost is set out in this article.

What We Measured on September 22, 2026: Method, Sample and Limits

The method in one sentence: on September 22, 2026, between 09:48 and 09:52 UTC, we pulled the public trading pair directories of five trading venues active in the EU and checked, for each of the 25 largest cryptocurrencies, whether an active pair against the euro exists there.

We checked 25 coins against 5 trading venues, so 125 individual checks. The ranking of the 25 largest coins comes from CoinGecko's public market overview, retrieved on September 22, 2026 at 09:48 UTC. As trading venues we took Kraken, Bitvavo, Coinbase, Bitstamp and Bitpanda, because all five serve German customers and settle in euros.

A coin only counts as tradable if the directory lists a pair with the euro as the counter currency and that pair is flagged as active. A coin you can only buy against US dollars, against Tether or against bitcoin does not count as tradable in this analysis. That distinction is precisely the point, because it reflects what the euro in your bank account can reach without you swapping first.

What we could not check

Three gaps come with this, and we would rather name them ourselves. First, neobrokers such as Trade Republic, Scalable Capital or Bison have no public directory of their tradable assets that can be retrieved automatically; they are therefore missing from the sample, even though many investors in Germany buy precisely there. Second, at Coinbase we queried the public directory of the trading platform, not the offering in the retail app: in the app a purchase can run through an intermediate currency that does not appear in the order book directory. Third, Bitpanda's price directory lists precious metals and other assets alongside cryptocurrencies, which is why we only looked up the 25 coins on our list individually there and did not form an overall figure.

All the numbers in this article refer to this one retrieval moment. Trading venues add pairs and drop them again continuously; a finding from this morning may be out of date in two weeks.

The Result: Three of the 25 Largest Coins Have a Euro Pair at No Venue at All

Twelve of the 25 coins are available against euros at all five trading venues. They are the names you would expect: bitcoin, ethereum, XRP, Solana, Dogecoin, Cardano, Chainlink, Stellar, Uniswap, Bitcoin Cash, Avalanche and the stablecoin USDC. At the other end stands a group that ranks high in the table and barely features in euro trading at all.

Seven of the 25 largest coins therefore have at most a single euro trading venue in this sample. Figure Heloc at number ten, Rain at number sixteen and LEO Token at number nineteen have none at all. For an investor in Germany, that means the purchase is not impossible, but it runs via a detour, and every detour has a price.

How the individual venues compare

Across the top 25, Kraken lists 22 coins with a euro pair, Bitpanda 18, Bitstamp 17, Bitvavo 16 and Coinbase 13. The spread between the broadest and the narrowest offering is thus nine coins, and it does not run along the lines of how well known the providers are.

Zcash, Monero and WhiteBIT Coin: Why It Is the Rally's Risers That Are Missing

Zcash sits at number nine on the survey date at $1,504, up 31.5 percent over the week (CoinGecko, September 22, 2026, 09:48 UTC). A coin of that size would normally be available everywhere. In our sample, two of five trading venues list it against euros.

Monero, at number thirteen, stands at $569.75 and has exactly one euro trading venue. Both are so-called privacy coins, cryptocurrencies whose protocol obscures the sender, the recipient or the amount of a transfer. The connection to the trading offering is no coincidence, and there is more on that shortly in the section on anti-money-laundering law. How the situation for Zcash is developing in concrete terms we set out in our article on buying Zcash despite the EU trading ban.

WhiteBIT Coin sits at number fourteen at $86.50 and likewise has only one euro trading venue in the sample. Here the explanation is a different one: WBT is a trading platform's own token, and such tokens are rarely quoted widely outside their own platform. The same pattern shows in LEO Token at number nineteen, which has no euro pair at any of the five venues checked.

Hyperliquid is the counter-example and shows that a young riser can indeed arrive: HYPE sits at number eleven and has four of the five euro trading venues. Anyone wanting to buy there should nonetheless know what applies at a trading venue without European authorisation; we described that in our piece on how Hyperliquid can be used from Germany.

Euro Pair, Quoting and the Broker Model: What Tradable Means Technically

A euro pair is an order book in which buyers and sellers of a cryptocurrency place their bids directly in euros. If it is missing, that does not automatically mean you cannot get the coin at that provider. It means your euro has to be turned into something else first.

There are two designs here that you should keep apart. A trading platform with an order book matches you against other customers; the price arises from their bids, and you see bid and ask separately. A broker, by contrast, quotes you a price itself and earns on the spread in between. Broker models often list a great many assets, because they do not need an order book per asset, only a source for the price.

For you that has one practical consequence. At a broker you will find more exotic names more often, but you pay a spread that you rarely see itemised. On a trading platform with a thin order book, by contrast, the mark-up is visible, sitting right in front of you as the gap between the bids. Which design your provider uses is set out in its fee overview; we have put the common models side by side in our crypto exchange comparison.

Coinbase Lists Only 13 of the Top 25 With a Euro Order Book: What That Means for Your Order

The most striking single finding of our survey concerns Coinbase. On September 22, 2026, the trading platform's public directory held exactly 33 base assets with an active euro order book, and 13 of them belong to the 25 largest coins. At Kraken, the same directory query returned 499 base assets with a euro pair, at Bitvavo 426 and at Bitstamp 111.

That figure needs explaining, and we do not want to make it bigger than it is. The number describes the order book offering of the trading platform, which is aimed above all at professional users. In the retail app the same provider can offer more coins, by having the purchase run internally through an intermediate currency. What is incurred in conversion along the way is usually not itemised separately for you as a retail client, and that is exactly why it is worth a look at the order book before you move a larger sum.

The action that follows is simple: look up the coin you want to buy in your preferred provider's directory before you open an account, and check whether the euro really is listed there as the counter currency. At many providers you will find this list on a public price page, for instance in Kraken's price overview.

The Detour via USDT or USDC: Fee, Spread and an Extra Taxable Event

If no euro pair exists, the usual route is a two-stage purchase. You first buy a stablecoin, a cryptocurrency whose price is pegged to a currency such as the US dollar, and then swap it into the coin you actually want. Technically that works reliably. It becomes expensive in three places at once.

What the detour costs

First, you pay a trading fee twice instead of once, because one order becomes two. Second, you pay the gap between the bid and the ask twice, and in the second step often in a thinner market. Third, the exchange rate shifts between the two steps if the stablecoin is pegged to the dollar and you started in euros. You bear that exchange rate movement without ever seeing it as a line item on a statement.

The fourth point is a tax one and is the most frequently overlooked. In Germany, swapping one cryptocurrency for another counts as a disposal of the first. The intermediate step via a stablecoin is therefore a taxable event in its own right that needs documenting, even if hardly any gain arises in arithmetic terms. We dealt with this point in more detail on May 25, 2026 in our article on stablecoins and tax; for day-to-day record keeping, one of the tools from our overview of crypto tax tools helps.

MiCA Authorisation and Anti-Money-Laundering Law: Why a Coin Disappears From Euro Trading

That it is privacy coins of all things that are thinly represented in euro trading has a legal background. Providers offering crypto asset services in the EU have needed authorisation under the European regulation on markets in crypto assets, MiCA for short, since the end of 2024. Which activities fall under it and who supervises them is described by BaFin on its page on crypto asset services.

With the authorisation come obligations to make transfers traceable. With a cryptocurrency whose protocol obscures amounts or addresses, those obligations are hard to meet, and several providers have therefore removed the affected pairs from their European offering. What else follows from MiCA authorisation we set out in our overview of the MiCA obligations for crypto companies.

The distinction between trading and holding matters here. The fact that a coin is no longer tradable against euros at one provider forbids you neither from holding it nor from selling it elsewhere. It narrows the route, and it narrows it more for the future than for today.

Checking Liquidity and Spread: How to Spot a Thin Euro Market

Having a euro pair is one question, having a usable euro pair is another. Liquidity here means a market's ability to absorb an order without the price running away noticeably. There are three signs you can read yourself before buying.

First, look at the gap between the highest bid and the lowest offer, the spread. If it is well above half a percent for a large coin, the market is thin. Second, look at the depth of the order book, that is how much volume sits in the next price levels; if your planned order size clears several levels at once, you pay a mark-up that appears in no fee table. Third, check the turnover of the past 24 hours specifically in the euro pair and not in the dollar pair of the same coin, because the two can differ widely.

As a practical cross-check, a small test order helps before you move the actual sum. If the executed price deviates noticeably from the one displayed, you have your answer. Providers with European authorisation and a euro account we have compiled in our overview of regulated crypto exchanges.

Delisting Risk: What Happens if Your Venue Drops the Euro Pair

A coin with only one euro trading venue has no cushion. If that single provider drops the pair, nothing is left for you in euros, and in our sample that affects Monero, WhiteBIT Coin, USDS and Ethena USDe. A delisting, that is the removal of a trading pair, usually follows a fixed pattern: the provider announces it, halts trading on a cut-off date and then sets a deadline by which you can still withdraw your balance.

That second deadline is the more important one, and it is missed regularly. What happens technically in the process and which routes remain to you after trading stops we described in our article on what happens to your tokens in a delisting.

The precaution against it is unspectacular. If you hold a coin that hangs on a single euro pair in Europe, set up that provider's notifications and check in advance whether you could withdraw the coin to your own wallet. Both cost you ten minutes once and spare you, in an emergency, a deadline you only learn about afterwards.

Four Metrics Before the Order: The Short Version

Before you chase a name in a rally that has just appeared in the top 25, four checks are worth it. First: does your provider offer a pair against euros at all, or only against dollars and stablecoins? Second: how many providers list this euro pair, and what happens if one of them steps out? Third: how wide is the spread in precisely that pair at the time of day when you want to trade? And fourth: does your purchase run via an intermediate swap that you have to record for tax purposes?

None of these questions is hard to answer. All four are readily skipped, because the price is running and opening an account is quicker than checking.

Checking Your Buying Route: What to Take Away

1. Look the coin up before you open an account. Check in your preferred provider's public price directory whether a euro pair really is listed there. If the provider does not suit your selection, you will find alternatives with a euro account in our crypto exchange comparison.
2. Count how many euro pairs your coin hangs on. With a single trading venue, a fallback plan belongs in place before you buy, not after. Which providers are authorised in Europe and settle in euros is set out in our overview of regulated crypto exchanges.
3. Record the intermediate swap from the start. If your purchase runs via a stablecoin, log both steps with date, quantity and price. A tool from our overview of crypto tax tools takes that off your hands, as long as you set it up before the first swap.

(As of September 22, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

The information provided in this article is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies carries a high level of risk.

A trading demo account is a trading account with play money: you place orders at real prices, but no money moves and no trade reaches an exchange. The point is not to practise making profits, but to make mistakes where they cost nothing. European regulators have put a figure on how expensive the alternative is: when ESMA adopted restrictions on CFD trading with retail clients on March 27, 2018, it cited analyses by national authorities finding that 74 to 89 percent of retail client accounts lost money, on average between 1,600 and 29,000 euros per client. This article explains what a demo account can do, how a broker's demo account differs from an independent simulator, and how you can start with 10,000 euros of play money at real prices without signing up.

What Demo Trading Is and What It Is Not

Demo trading means the prices are real and the execution is simulated. You see the same charts as a trader using real money, you place the same order types, and the account calculates profit, loss, fees and, with leveraged products, liquidation too. The difference lies in three points:

• No market contact. Your order moves no price, because it never reaches an exchange. In liquid markets such as bitcoin or ethereum that is no problem for retail position sizes; in thin markets it is.
• No pain. A 20 percent drawdown in play money is a number; in a real account it is a feeling. That is why demo accounts train discipline only in part.
• No barrier to starting over. A demo account can be reset, a real-money account cannot. Anyone who starts again after every loss learns how to start again, not how to handle a loss.

What a demo account does do very well, on the other hand, is test your rule set. Setting a stop loss before entering, calculating position size from your risk, keeping to a daily limit. Whether those rules hold shows up after two weeks with play money just as reliably as with real money, only without the bill.

Trading Demo Account Without Signing Up: How to Start

Most demo accounts require registration first. The CryptoTicker Trading Hub takes the other route, as of September 22, 2026:

1. Open the cockpit. No account, no email address, no payment details. 10,000 euros of play money are ready and the prices of 50 coins come in live from the exchange.
2. Place your first three trades without an account. An order ticket with stop loss and take profit, a chart with indicators, long or short, selectable leverage. Fees are calculated and reduce your result, so that you do not learn a strategy that only works without costs.
3. Create an account if you want to continue. After the third trade, one click creates the account, without an email address and password; you can add a mail address or Google sign-in later so that you find your progress again on a second device. There are no payment details.
4. Choose ranked or practice mode. Ranked, you trade in one of two leagues, up to 10x or up to 100x leverage, and appear under your pseudonym on the leaderboard as soon as you make your profile public. Unranked, you practise without elimination for as long as you like.

All of it runs in the browser, on a phone as on a computer, and can be added to the home screen as a web app. An app from the store is not needed.

Broker Demo Account or Independent Simulator?

Both simulate trades at real prices. The difference lies in whom the demo account serves. The statements about broker demo accounts apply to the market as a whole, not to any particular provider; individual brokers handle it differently.

A broker demo account is the right choice if you have already settled on a provider and want to get to know its interface. An independent simulator is the right choice if you want to learn the craft before you settle on a provider. Anyone who uses both in that order arrives at the broker with routine rather than with hope.

What to Look For in Any Demo Account

• Realistic starting capital. Anyone practising with 100,000 euros of play money who later deposits 2,000 euros has learned position sizes they will never trade. Set the demo account to the amount you would actually commit later, or convert every position to that amount.
• Real prices, not delayed ones. A demo account with a 15-minute price delay trains the wrong reflex. Ask whether the prices are live.
• Fees and spread in the demo. A demo account without fees makes every strategy more profitable than it is. At 20 trades a day, 0.1 percent per execution decides between profit and loss.
• No time pressure. A demo account that expires after 30 days pushes you towards a real-money account before the rules have settled. Four weeks are the beginning, not the end.
• The same rules as later. One percent risk per trade, stop before entry, daily limit. Anyone who trades differently in the demo account than planned is measuring nothing.

Crypto Demo Account: Three Differences From Equities and Forex

A crypto demo account differs in three respects from a demo account for equities or currencies, and all three are worth experiencing with play money before they cost money:

1. No close of trading. Bitcoin trades around the clock, seven days a week. A stop that is not triggered overnight is a bigger problem than on Xetra, where trading ends at 5:30 pm on weekdays.
2. Leverage up to 100x. Perpetual futures on crypto allow leverage that does not exist for retail clients in equities. Tenfold leverage means that roughly ten percent of adverse movement is enough to liquidate the position, before fees are even counted. How perpetuals work is set out in the comparison of the best perp DEXs.
3. Swings of ten percent in a day. They are normal with smaller coins. A stop that would be generous with equities is triggered constantly here; the position size has to be correspondingly smaller.

From the Demo Account to a Real Account

The switch is only worth it once three numbers hold up over several weeks: the number of rule breaches (zero), the largest drawdown (known and endured) and the result in relation to it (the Trading Hub calculates this as the CT score). Then the question is not which provider is the best, but which suits your style: a regulated exchange for spot without leverage, a broker or perp DEX for derivatives. Fees, regulation and test reports are in the comparison of the best crypto brokers and in the comparison of the best crypto exchanges. Your first real commitment should be smaller than the play money, not larger.

Frequently Asked Questions

What is a trading demo account?

A trading account with play money: real prices, simulated execution, no money moving. It serves to test the platform and your rule set before real capital is in the market.

Is there a trading demo account without signing up?

Yes. In the CryptoTicker Trading Hub the first three trades work without an account, with 10,000 euros of play money at real prices. After that an email address secures your progress, as of September 2026.

Are demo accounts free?

As a rule, yes. Brokers finance them as a route to the real-money account. The Trading Hub is free during the current trial month. Everything is free to play until the first ranked season starts; after that, taking part in the ranking costs from 29 euros a month according to the terms of participation, while practising without a ranking stays free (as of September 22, 2026). A prize pool has been announced for the ranked seasons.

How long should I practise in a demo account?

Until you keep to your rules for several weeks without a breach and know your largest drawdown. A demo account that expires after 30 days is often too short for that.

Which demo account is suitable for crypto?

One with real prices around the clock, selectable leverage and calculated fees, so that liquidation and costs are realistic. The Trading Hub offers 50 coins, long and short, and two leagues up to 10x and up to 100x leverage.

Do gains in a demo account count anywhere?

Not as money. In the Trading Hub they count on the leaderboard, scored as the CT score, the result in relation to the largest drawdown.

The basic terms, the position-size calculation and the four-week practice plan are in our guide to learning to trade; anyone planning a first real trade after the demo account will find fees, regulation and leverage limits in the comparison of the best crypto brokers.

Sources

• ESMA, press release of 27.03.2018: "ESMA agrees to prohibit binary options and restrict CFDs to protect retail investors", https://www.esma.europa.eu/press-news/esma-news/esma-agrees-prohibit-binary-options-and-restrict-cfds-protect-retail-investors
• Deutsche Börse, Xetra trading calendar and trading hours, https://www.cashmarket.deutsche-boerse.com/cash-de/Handel/handelskalender-und-zeiten
• CryptoTicker Trading Hub, home page and terms of participation, https://trading.cryptoticker.io/ and https://trading.cryptoticker.io/agb (accessed on 22.09.2026)

US spot bitcoin ETFs took in a net $999 million on September 21, in a single trading day. It was the third consecutive day of inflows, and it met a bitcoin price that at times stood above $87,000. For you as an investor in Germany, that number is still only half the news, because these particular funds are out of your reach.

The short answer to what you can do now: check which product you actually hold your bitcoin through, what that product is worth in an insolvency, and how it is taxed. Those three points decide your result far more than whether $999 million or $600 million flowed into American funds on Monday. The rest of this article works through them in order.

$999 Million in One Day: What the ETF Numbers From September 21 Show

The figures come from the data service SoSoValue and were picked up by several industry outlets on September 22. On that reading, the American spot bitcoin ETFs received net inflows of $999 million on September 21. The group's net assets under management stood at $110.135 billion afterwards, equal to 6.3 percent of the entire bitcoin market capitalisation. Cumulative net inflows since launch add up to $56.16 billion.

Net inflow means that more fund shares were created than redeemed. An ETF share does not come into existence because someone buys it on an exchange, but because an authorised market participant hands the fund money and the fund buys bitcoin with it. That is exactly why the number matters more to the market than raw trading volume: behind a net inflow sits goods that were actually bought, that disappear from free supply and move into the fund's custody.

Two funds carried the day. BlackRock's fund took in $381 million, the product from Ark Invest and 21Shares $289 million. Together that is a good two thirds of the daily inflow, with the rest spread across the remaining issuers.

Why a Single Fund Has Gathered More Than the Whole Group

This is the point to look at a number that does not add up at first glance. Cumulative net inflows across all US spot bitcoin ETFs stand at $56.16 billion. BlackRock's fund alone comes to $64.506 billion on a cumulative basis. A component is therefore larger than the total.

The contradiction dissolves once you account for the legacy holdings. Several issuers, above all the Grayscale trust that was converted into an ETF in January 2024, have seen persistent outflows ever since. Investors who had been stuck there for years at a discount to the bitcoin price used the conversion to get out. Those outflows drag the group total down, while the newer products with lower fees keep gathering assets.

For interpretation, that means a strong day for the group is always partly a reallocation between issuers. Anyone reading inflows as a sentiment gauge should therefore watch the run, not a single daily amount. Three consecutive days of inflows are a signal; a record day in the middle of an outflow phase would not be.

Fed Rate Hike to 4 Percent: Why the Money Is Flowing Into Bitcoin Anyway

The timing is remarkable. On September 16 the US Federal Reserve raised its policy rate by 25 basis points to a range of 3.75 to 4.00 percent, the first increase since July 2023. All twelve voting members backed the step, and 16 of 18 officials expect another hike this year according to the published projections. They see core PCE inflation at 3.4 percent in December 2026.

Rising rates are classically seen as a headwind for assets that pay no running income. Immediately after the meeting bitcoin did indeed fall below $76,000. Since then the price has not merely recovered that move but more than made up for it. There is no clean explanation for this, and anyone selling you a single cause is overstating what they know. Two things are observable: equity markets rose broadly on Monday, and fresh money flowed into the bitcoin funds.

For you, there is mainly one lesson in this. The market does not trade the rate decision itself, but the deviation from what had been priced in beforehand. An expected hike can send a price higher, a surprise pause can send it lower. Sizing positions around central bank dates therefore rarely works.

Bitcoin Price at $86,000: How Far the Jump Really Carries

Our own CoinPaprika query on September 22 at 11:56 UTC shows bitcoin at $85,883, up 0.77 percent over 24 hours and 11.47 percent over the week. Market capitalisation stands at around $1.73 trillion.

When it comes to classifying the price level, the accounts diverge. The dpa-sourced report on finanzen.net speaks of the highest level since May 2026, while WirtschaftsWoche, citing the Bitstamp exchange, names a daily high of $87,248 and therefore the highest level since the end of January. Both readings stand side by side because every exchange quotes its own price and the comparison dates differ. For practical purposes the range is enough: bitcoin is trading at a level it has not reached for several months.

More important than the record framing is the distance to your own entry price. Anyone who bought in the spring is sitting on gains and faces the question of the right moment. Anyone who came in during the autumn of 2025 near the old highs is still down: from the all-time high, which CoinPaprika dates to October 6, 2025, the price is still around 32 percent away according to the same query. The news about billions in inflows changes nothing about that calculation.

Why You Cannot Buy a US Spot ETF as a German Investor

Now to the practical part. The funds reporting these inflows are approved in the United States and are not tradable for European retail investors. The reason is not your broker, but an EU regulation.

The PRIIPs Regulation, that is Regulation (EU) No 1286/2014, requires a key information document for every packaged investment product. It is a short, strictly formatted document in the local language that discloses costs, a risk rating and possible performance scenarios. Without that document a product may not be distributed to retail investors in the European Economic Area. American fund companies do not produce it for their home products, simply because European retail distribution is not their market.

On top of that comes the funds directive: a European retail fund has to diversify and may not sit entirely in a single asset. A bitcoin ETF in the narrow sense is therefore not approvable in the EU. What you get here instead, which abbreviations stand for it and what each of them means, we have broken down in our overview of crypto ETFs in Germany.

Crypto ETNs in Your Portfolio: How the Product Works and Where the Risk Sits

The European substitute is called an ETN, in full an Exchange Traded Note. An ETN is an exchange-traded debt security: the issuer contractually promises you to track the performance of an underlying. Such crypto products are widely available on European trading venues, many of them on Xetra, and they run through your ordinary securities account.

The difference from ring-fenced fund assets

A classic fund share is ring-fenced fund property. If the fund company goes bankrupt, the fund assets still belong to the investors and do not become part of the insolvency estate. That does not apply to a debt security. If the issuer becomes insolvent, you are one creditor among many.

What physical backing achieves

Most European issuers answer that objection with physical backing: for every ETN issued, real bitcoin sits with a custodian, often additionally pledged to a trustee. That substantially defuses issuer risk, but it does not remove it. What matters is what the base prospectus says, who the custodian is and whether an independent third party provides the collateral arrangement. You will find those details in the key information document and in the issuer's prospectus, not in the product marketing.

Also check the ongoing costs and the spread. The management fee is deducted from the value daily and weighs more heavily over long holding periods than the one-off order fee. In thin trading outside the main sessions, the gap between bid and offer can cost you extra on top.

Tax on Bitcoin: Holding Period in the Wallet, Withholding Tax in the Portfolio

For German investors, the tax difference between a direct holding and a security is often a bigger lever than the fee.

If you hold bitcoin directly, that is on an exchange or in your own wallet, a sale falls under private disposal transactions pursuant to Section 23 of the German Income Tax Act. The Federal Ministry of Finance summarised the details in its circular of March 6, 2025, which replaces the 2022 version. Under it, gains are tax free after a holding period of more than one year. Within the year your personal income tax rate applies, with an exemption threshold of 1,000 euros per calendar year covering all private disposal transactions together. An exemption threshold is not an allowance: if it is exceeded, the entire gain is taxable, not merely the excess.

An ETN in your portfolio, by contrast, is a security. Income from it generally counts as investment income and is subject to the 25 percent withholding tax plus the solidarity surcharge and, where applicable, church tax, regardless of the holding period. In return the saver's lump-sum allowance of 1,000 euros applies, and the institution holding your account usually remits the tax automatically.

The treatment of ETNs that carry an actual delivery claim on the deposited cryptocurrency is disputed. Parts of the tax law literature consider treatment along the lines of a direct holding defensible here; the ministry's circular does not address the point explicitly. On this question, do not rely on a product brochure, but clarify it with a tax adviser before you buy.

Check Your Buying Route: MiCA-Licensed Exchange, Brokerage Account or Savings Plan

None of the above amounts to a recommendation for a product, but to an order in which to check things. If you want to use the holding period and keep control of the keys, the route runs through a direct purchase. Since the MiCA transition period ended on July 1, 2026, only licensed providers may serve retail clients in the EU. Whether your exchange holds a licence and in which member state it was granted is set out in the supervisor's public register and usually in the provider's legal notices as well. Which venues meet these requirements and what they cost is in our crypto exchange comparison.

If instead you want to bundle everything in your existing securities account, because offsetting losses against other investments matters to you or because you would rather not handle custody yourself, the ETN is the obvious route. Doing both at once also works, but then demands clean documentation so that in the spring you know which holding falls under which rule.

Levels Above and Below: How to Measure the Next Move

For orientation without a price forecast, three documented levels from recent days. On the upside, the Bitstamp high of $87,248 cited by WirtschaftsWoche marks the upper edge of the current move. Below it lies the $84,000 mark, whose break we described on September 21. On the downside, the level of around $76,000 from the night of the rate decision remains the reference point should the move be given back entirely.

Besides the price, the inflow run itself is worth watching. If it breaks off and the daily figures turn negative while the price still holds, that is a hint that institutional demand is easing. The daily data is freely available to anyone; you do not need to subscribe to a service for it.

And one more sober point: an inflow of $999 million corresponds to a good 11,600 bitcoin at a price around $86,000. Measured against a market capitalisation of $1.73 trillion, that is a share of less than one tenth of a percent. The number sounds large because it is measured in millions, and for a single day it is. But an amount like that does not carry a price on its own.

Putting Bitcoin ETF Inflows in Context: What to Take Away

1. Settle the product first, then the price. Write down whether your bitcoin sits as a direct holding or as a debt security in your portfolio. Insolvency protection and taxation follow from that. For the direct route, check that your trading venue is licensed, for instance using our exchange comparison.
2. Get your holding periods onto one sheet. Anyone now thinking about taking profits at high prices should first know which part of the holding has reached the one-year mark and which has not. A portfolio tracker with tax reporting takes that work off your hands; you will find a selection in our comparison of crypto tax tools.
3. Do not let billion-dollar headlines set your buying rhythm. Inflow runs turn, and anyone chasing headlines regularly catches the most expensive days. Buying regularly in fixed amounts smooths that out; the providers for it are in our overview of the bitcoin savings plan.

The number from September 21 shows that institutional money has not vanished from the market after the rate hike. What it does not show is an entry point. The questions you can answer are the ones about product, custody, deadline and buying rhythm.

Sources: The inflow data comes from the SoSoValue ETF dashboard. The tax basis for direct holdings is set out in the German Federal Ministry of Finance circular of March 6, 2025.

(As of September 22, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

The information provided in this article is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies carries a high level of risk.

No book turns anyone into a trader, but the right book at the right time saves months. An earlier version of this list sat until September 22, 2026 at the address of our guide on learning to trade, which now explains the first steps one by one. The twelve titles here are sorted by reading order: first what is enjoyable and lays the foundations, then the standard work on technical analysis, then psychology, and finally the specialist fields. We do not quote prices, because they change with each edition and each retailer; every title can be had through a bookshop or a library.

Practise first, then read

The order is not accidental. Anyone who has never placed a single trade with play money reads Murphy like a phone book. Anyone who has spent two weeks in a demo account, on the other hand, and knows how a stop loss feels when it is running against them, finds in those same chapters answers to questions they have since acquired. Getting started with play money is covered in practising trading without money; the books come after that, or alongside it.

To begin with: market technique as a story

1. Michael Voigt: "Das große Buch der Markttechnik" (FinanzBuch Verlag). The most widely read German-language introduction to market technique, meaning the question of how trends, corrections and moves in the price come about and how they are traded. Voigt uses a narrative frame to explain what a trend is, where entries lie and why stops are part of the craft. The tone is accessible, the content complete nonetheless.

2. Michael Voigt: the novel series "Der Händler" (eight volumes, published by FinanzBuch Verlag in three collected editions). The same market technique, embedded in a story about a trader's daily life. Anyone who finds technical literature dry gets through this without noticing.

3. Michael Voigt: "Das große Arbeitsbuch der Markttechnik" (FinanzBuch Verlag). Exercises on the first two titles, with chart examples to work through yourself. Worth having only once book 1 has been read.

The standard work on technical analysis

4. John J. Murphy: "Technical Analysis of the Financial Markets" (1999). The reference work every technical analyst has on the shelf: trend lines, patterns, indicators, volume, intermarket analysis. Not for reading cover to cover but for looking things up when something appears in the chart that you want to put a name to.

5. Steve Nison: "Japanese Candlestick Charting Techniques" (1991). Nison made the Japanese candle representation popular in the West. Today the candlestick chart is the standard view in almost every trading interface, the Trading Hub included. Anyone who wants not just to spot candle patterns such as the hammer, the doji or the engulfing but to understand them reads the original.

Psychology: why the rulebook breaks in your head

6. Mark Douglas: "Trading in the Zone" (2000). The book on the question of why traders break their own rules, and what discipline in trading actually means. Douglas writes for people who have mastered the technique and still lose. After the first few weeks in a demo account, that is the most common situation.

7. Daniel Kahneman: "Thinking, Fast and Slow" (2011). Not a trading book, but the foundational work on the thinking errors that make trading expensive: loss aversion, overconfidence, anchoring effects. Kahneman received the Nobel Prize in Economic Sciences in 2002 for his work on decision-making under uncertainty.

8. Robert J. Shiller: "Irrational Exuberance" (2000, updated several times). Shiller, who won the Nobel Prize in Economic Sciences in 2013, describes how bubbles form and why markets can stay irrational for a long time. For crypto traders this is required reading, because hardly any market runs into exuberance as often.

Mindset and investing

9. Lawrence A. Cunningham (ed.): "The Essays of Warren Buffett". Buffett is not a trader but the opposite, and that is precisely why the book is worth it: it shows how an investor thinks about valuation, patience and risk. Anyone who has read it no longer confuses trading with investing.

10. Benedikt Lotz and Joschi Häußler: "Blackbox Finanzen" (FinanzBuch Verlag, 2018). An accessible introduction to investing in the twenty-first century, for readers who want to sort out their finances before they start trading. Not for the advanced, but good ground to stand on.

11. Jack D. Schwager: "Market Wizards" (1989, with follow-up volumes up to 2026). Interviews with successful traders whose common ground is not their strategy but their risk management. The book demonstrates across dozens of examples what our guide to learning to trade shows in figures: the hit rate is not the decisive number.

Specialist field: Elliott waves

12. A. J. Frost and Robert Prechter: "Elliott Wave Principle", complemented by André Tiedje: "Elliott-Wellen leicht verständlich" (FinanzBuch Verlag). Wave theory is contested, a tool for some and tea leaves for others. Frost and Prechter are the standard work; Tiedje reduces the rulebook to the essentials and is the easier way in for German-speaking readers. Not necessary for beginners, but useful for anyone who reads wave counts in analyses.

The list at a glance

What no book replaces

No title on this list teaches you to leave a stop where it is while the price runs against you. That is learned only through repetition, and with play money the repetition is free: in the CryptoTicker Trading Hub you trade 10,000 euros of play money at real prices, the first three trades without an account, as of September 2026. Read a chapter, put the exercise into practice in the demo account, read the next one. That is how twelve books turn into twelve weeks of craft rather than twelve weeks of theory.

Frequently asked questions

Which book should I read first as a beginner?

"Das große Buch der Markttechnik" by Michael Voigt. It explains trends, entries and stops in narrative form, without assuming any prior knowledge.

Do I really need Murphy's "Technical Analysis of the Financial Markets"?

As a reference work yes, as a front-to-back read no. Look things up when a formation appears in the chart that you want to put a name to.

Are there books specifically on crypto trading?

The fundamentals of technical analysis and risk management apply to crypto just as they do to equities. The crypto specifics — round-the-clock trading, leverage of up to 100x, the fee models of the exchanges — are covered in our guide to learning to trade crypto.

Is reading enough to learn trading?

No. Reading explains, practice imprints. Combine every chapter with a task in the demo account, otherwise the knowledge stays theory.

The first steps one by one, with the basic terms, position sizing and the four-week practice plan, are set out in our guide to learning to trade. And anyone planning their first real trade after the reading will find in the comparison of the best crypto exchanges where the fees and the regulation fit their own style.

Sources

• FinanzBuch Verlag (Münchner Verlagsgruppe), publishing programme covering Voigt, Murphy, Nison, Tiedje, Lotz/Häußler and Cunningham, https://www.m-vg.de/finanzbuchverlag/shop/home/
• German National Library, catalogue used to check editions and years of publication, https://portal.dnb.de/
• The Nobel Prize, laureates in Economic Sciences 2002 (Daniel Kahneman) and 2013 (Robert J. Shiller), https://www.nobelprize.org/prizes/economic-sciences/2002/summary/ and https://www.nobelprize.org/prizes/economic-sciences/2013/summary/
• Vahlen, "Tradingpsychologie: Trading in the Zone" (Mark Douglas, 2023), and Siedler, "Schnelles Denken, langsames Denken" (Daniel Kahneman, 2012), editions per the German National Library

Selling Bitcoin is technically done in two minutes. Yet it often takes days before the euros land in your current account, and between the order and the credit there are three places where things can jam: the exchange, your bank and the tax office. Knowing the order of events saves fees, waiting time and, in the best case, the entire tax on the gain.

This guide describes the process for investors in Germany: where you sell, how the money reaches your account, why your bank asks about the source of the funds and which tax rules decide what happens to the gain. All of it refers to privately held assets, not to commercial trading.

Selling Bitcoin: the process in four steps

The procedure breaks down into four sections that can be far apart in time.

First, the transfer. If the coins sit in your own wallet, you send them to the deposit address of your trading venue. Check the address character by character before sending, and for larger amounts send a small test transfer first. This transfer is not yet a sale and triggers no tax, because the asset does not change owner.

Second, the order. You exchange Bitcoin for euros. For tax purposes this moment counts as the disposal, not the day the money arrives in your account.

Third, the withdrawal. The euro amount is transferred to your bank account. This is where minimum amounts, security holds and the bank's checks come into play.

Fourth, the documentation. Trade history, fee statement and bank statement belong in one place together. Without these records you can later neither prove a tax exemption nor answer a query from your bank.

Where you can sell: exchange, broker, ATM and the private sale

Four routes are open to you, and they differ above all in price.

The order book exchange

On a real order book you trade against other market participants. At most providers the fee is in the range of a few tenths of a percent and falls as trading volume rises. This is usually the cheapest route, but it does require getting to grips with the trading view.

The broker or the instant-sell button

Here you sell directly to the provider. Instead of a stated fee you pay a mark-up in the price, the so-called spread. Convenient, but frequently several times more expensive than the same transaction in the order book. A glance at the market price at that moment shows the difference in seconds.

The Bitcoin ATM

ATMs pay out cash and charge mark-ups for it that are well above those of the online routes. That is worth it almost only for small amounts where cash is the whole point of the exercise.

The private sale

Selling to a private individual is permitted, but it carries the full counterparty risk: the Bitcoin transfer is final, whereas your counterpart's payment can be clawed back. Anyone taking this route anyway should hand over step by step and never against a payment method that allows a chargeback. Which venue offers which withdrawal routes is brought together in our overview of selling Bitcoin.

Market order or limit order? What the difference costs you

A market order is executed immediately at the best price available. A limit order sets the price you want as a minimum and waits until somebody pays it.

The difference works twice over. With thin order books or large amounts, a market order slips through several price levels and the average price achieved comes out worse than the one displayed. On top of that, many venues charge a higher fee for orders executed immediately than for those that first rest in the book. If you are not under time pressure, sell with a limit and save at both points.

The payout to your bank account: SEPA, whitelists and waiting times

The transfer from the trading venue to your current account runs through the ordinary SEPA process and is free at many providers or costs a small flat amount. Three things regularly delay it.

The minimum amount. Below a certain sum some platforms do not pay out at all. If you leave a residual balance behind, you may only be able to reach that money by making another purchase.

The security hold. After adding a new bank account, after a password change or after switching on a withdrawal list, many providers block withdrawals for 24 to 72 hours. That is a protection against account takeovers and cannot be shortened.

The name check. The receiving account has to be in your name. A payout to a partner's account or to a company account is rejected, and unwinding it often takes longer than the original transfer.

Why your bank asks where the money came from

A larger incoming payment from a crypto exchange prompts a query at many German banks. That is not particular distrust of crypto assets but a legal duty. The German Anti-Money Laundering Act requires banks to monitor the business relationship continuously and, in doing so, expressly to compare transactions with the information held on the origin of the assets (Section 10 paragraph 1 of the Anti-Money Laundering Act, accessed on September 22, 2026).

In practice that means: the further an incoming payment deviates from the usual pattern of your account, the more likely the query becomes. If you are prepared, you answer it with one email instead of weeks of back and forth.

These documents resolve the query fastest

Have the full transaction history of the trading venue ready, along with the withdrawal confirmation showing date and amount and proof of the original purchase. For holdings built up over years, a short written list of the purchases with dates and sources helps. The older the holding, the more important that list becomes, because old trade histories are frequently lost when people switch providers.

What you had better not do

Splitting a large sum into many small payouts in order to stay under thresholds does not improve the situation. Such patterns stand out in monitoring more than a single explicable amount does. The detour via a relative's account also creates more problems than it solves, and raises gift tax questions on top.

The one-year period: when your gain stays tax-free

Crypto assets held privately count for tax purposes as other economic assets. A sale therefore falls under private disposal transactions. There the law covers disposals of other economic assets where the period between acquisition and disposal is not more than one year (Section 23 of the Income Tax Act, accessed on September 22, 2026).

Turning that sentence around gives the most important rule for investors in Germany: if more than one year lies between purchase and sale, the gain is free of income tax, and unlimited in amount at that. A five-figure gain on a holding from 2019 is therefore just as tax-free as a gain of two hundred euros.

When the period starts and when it ends

What counts is the day of acquisition, meaning the purchase on the exchange, and the day of disposal, meaning the sale. Transfers between your own wallets do not count as an acquisition and therefore do not reset the clock. If you bought on May 3, you can sell tax-free from May 4 of the following year. A sale on May 3 itself is still within the period.

Which coins the tax office regards as sold

Anyone who has bought more over the years does not hold one uniform position but many individual acquisitions at different prices and dates. In a partial sale the question therefore arises which of them count as disposed of.

For fungible foreign currency amounts the law expressly provides that the amounts acquired first are deemed to be the ones sold first. The tax administration carries that idea over to crypto assets. For you that means: if you sell part of your holding, the oldest units go first, and that is usually the good news. It is precisely the old holdings that left the one-year period behind long ago.

Why separate wallets can change the calculation

In Germany the assessment is made wallet by wallet and account by account as a matter of principle. If you spread holdings across several wallets, you should therefore keep records per wallet rather than merging everything into one overall position. A clean separation makes it easier to prove which units were affected by a partial sale.

The thousand-euro threshold is often misunderstood

For sales within the one-year period a threshold applies that is regularly reported incorrectly. The wording of the law is: gains remain tax-free if the total gain realised from private disposal transactions in the calendar year was less than 1,000 euros.

Two points follow from this that are worth real money. First, it is an exemption limit and not an allowance: if the amount is reached, the entire gain becomes taxable and not just the excess. Second, the threshold is already breached at exactly 1,000 euros, because the law requires less than that amount. An annual gain of 999 euros stays free, one of exactly 1,000 euros does not.

The threshold applies to all private disposal transactions together

Everything from a calendar year's private disposal transactions goes into the same pot, not just the crypto ones. Anyone who also sold gold within the one-year period or collectibles at a profit in the same year adds those gains in. The threshold is available to each person once; spouses assessed jointly each have it for their own transactions.

Partial sale instead of full exit: how to save the period for the rest

A common mistake is to liquidate the entire holding during a price slide although only part of the money is needed. Selling selectively instead preserves the holding time already accrued on the remainder.

An example with round numbers. Two years ago you bought for 4,000 euros and four months ago you added another 4,000 euros. Now you need 5,000 euros. If you sell specifically out of the old holding, the gain attributable to it is tax-free and the young holding keeps running towards its own one-year mark. If you sell everything, you pull the young part into taxation ahead of time.

Two levers that work together

The first is the quantity: sell only as much as is actually needed. The second is the timing: if the most recent purchase is shortly before its anniversary, waiting a few weeks can bring the taxable gain down to zero. Neither can be planned unless the acquisition dates are cleanly documented.

Losses: what you can still offset them against

A sale at a loss within the one-year period is not worthless for tax purposes, but its use is narrowly limited. Losses from private disposal transactions may only be offset against gains from private disposal transactions, and in the same calendar year at that.

If something remains afterwards, it is not lost: the remainder can be carried back to the previous year or forward into future years, where it again stands only against gains of the same kind. It cannot be offset against salary, interest or dividends. In every case the condition is that the loss is declared in the tax return for the year in which it arose.

Selling after the one-year period has expired is a dead end

Anyone selling at a loss after more than one year cannot use that loss for tax purposes. The tax exemption after the period expires works in both directions. So if you hold a position with a substantial paper loss and intend to dispose of it anyway, it is worth checking whether selling while still inside the period makes more sense.

Frequently asked questions about selling Bitcoin

Do I even have to declare a tax-free sale?

Once the one-year period has expired, no taxable gain arises from a private disposal transaction. You should still keep the records of acquisition and disposal, because in case of doubt you need to be able to prove that the period was observed.

Does swapping into a stablecoin already count as a sale?

Yes. For tax purposes, exchanging one economic asset for another is a disposal. Anyone swapping Bitcoin for a token pegged to the euro or the dollar has disposed of it, even if not a single euro ever reached a bank account.

How quickly is the money in my account?

An ordinary SEPA transfer takes zero to three business days. On top of that come the platform's security holds, for instance after adding a new bank account. If you need access to the money by a particular date, plan a week of buffer.

What happens if the exchange blocks the withdrawal?

Check the provider's status page first, because technical faults and maintenance windows are the most common reason. If the block persists, the route runs via the provider's complaints office and after that via the competent supervisory authority. For a platform authorised in Germany that is BaFin.

Is it worth pushing the sale past the turn of the year?

Sometimes. The exemption limit applies per calendar year. If you are already close to the threshold this year, you benefit from moving a further sale within the period into January. The price, of course, cannot be planned, and for larger amounts that uncertainty weighs more heavily than the tax saving.

Selling Bitcoin and cashing out: what to take away

1. Check the purchase date first, then the price. If the holding has been with you for more than a year, the gain is tax-free and there is no need to rush. Which platform offers which withdrawal routes and fees is shown by our overview of selling Bitcoin.
2. Sell with a limit and only the quantity you need. A limit order in the order book costs less than the instant-sell button, and a partial sale leaves the holding period of the remainder untouched. Where you trade on what terms is compared in our list of crypto exchanges.
3. Have the evidence ready before the payout. Trade history, withdrawal confirmation and purchase receipts answer your bank's query in one email instead of three weeks. The annual overview including holding periods is produced for you by the programs in our comparison of tax tools and portfolio trackers.

(As of September 22, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

The funds pulled in more on Monday than across the whole of last week, when they posted the weakest net inflow of their history.

Crypto is interesting again and that means attention is flowing back to the sector. And it’s starting to show in the data.

The two sides closed an equity placement and a five-year commercial deal on the same day, with money moving in both directions.

Binance says it has a "zero-tolerance policy" for sanctions violations. Prosecutors are asking whether its 2023 compliance fixes held.

Google learned in late July that Gemini had breached three real companies during a May security test, but said nothing publicly for seven weeks.

XRP surges past $1.50 as momentum continues to rise, with buyers continuing to absorb available supply on Binance, propelling it toward further upsurge.

Stellar clears its key 50-week moving average as XRP stalls at identical resistance, revealing a massive gap in local buying momentum.

Bitcoin halving clock ticks to 61% as BTC achieves key milestone.

Key crypto market updates for Sep. 22: Binance cuts 19 USDC pairs after a $100 million Circle deal, XRP cracks a five-week triangle, and SHIB's "Bull Combo" hits a wall.

SHIB trading volume has surged past $50 million on a single exchange as the token attempts to secure a major technical breakout.

TLDR

• NTNX stock falls 0.49% as Nutanix expands its enterprise AI infrastructure push.
• Ryax adds smarter GPU scheduling and resource optimization to Nutanix platforms.
• Nutanix plans to integrate Ryax technology into future NKP and NAI releases.
• The deal targets lower AI infrastructure costs and better hardware efficiency.
• Ryax staff will join Nutanix in France, while the deal has limited financial impact.

Nutanix (NTNX) stock traded at $69.70, down 0.49%, after recovering from an intraday low near $69.00. The decline came as Nutanix announced its acquisition of France-based Ryax Technologies. The deal expands Nutanix’s push into enterprise AI infrastructure and hybrid cloud management.

Nutanix, Inc., NTNX

Ryax Deal Expands Nutanix AI Infrastructure Strategy

Nutanix will integrate Ryax’s compute orchestration platform into its Kubernetes and enterprise AI products. The technology focuses on improving GPU and CPU usage across mixed infrastructure environments. It also automates several backend tasks that often slow enterprise AI deployments.

Ryax helps organizations run workloads across private data centers, hyperscalers, and neocloud providers. Its platform manages infrastructure, data, hardware, and code through automated workflows. That approach can reduce manual configuration and shorten the path from testing to production.

Nutanix said the acquisition supports its broader strategy for agentic AI across hybrid environments. The company wants customers to operate AI workloads without rebuilding infrastructure for each location. Ryax adds orchestration tools that can help standardize those deployments across different computing platforms.

Smarter GPU Scheduling Targets Cost and Performance

The acquisition centers on intelligent resource optimization and AI-aware workload scheduling. Ryax assigns computing resources based on workload needs, hardware availability, and operating costs. That capability can help enterprises improve GPU efficiency while reducing idle capacity.

GPU shortages have pushed many organizations toward distributed infrastructure and multiple cloud providers. However, fragmented systems can increase costs and complicate deployment decisions. Nutanix plans to use Ryax technology to simplify those choices through one operating model.

Smart scheduling can also place workloads on lower-cost hardware when performance requirements allow. Meanwhile, higher-priority tasks can move toward stronger computing resources when needed. Nutanix expects this model to improve efficiency without forcing customers into one infrastructure provider.

NTNX Stock Reflects Limited Financial Impact From Deal

Nutanix plans to add Ryax technology to future releases of its Kubernetes and enterprise AI platforms. The Ryax team will join Nutanix operations in France after the transaction. Nutanix said the acquisition will not have a material financial impact.

The company has expanded beyond traditional hyperconverged infrastructure into hybrid cloud software and enterprise AI tools. Its platform now targets application management, data services, virtualization, and workload portability. The Ryax purchase strengthens that shift toward more automated infrastructure management.

For NTNX stock, the immediate reaction remained modest during the session. Shares stayed below the prior close despite recovering from the day’s low. The deal therefore adds a strategic AI infrastructure angle without materially changing near-term financial expectations.

The post Nutanix, Inc. (NTNX) Stock: Drops as Ryax Acquisition Targets Smarter GPU Management appeared first on Blockonomi.

Key Takeaways

• Amit Daryanani from Evercore ISI maintains a $150 price target on CRWV, suggesting approximately 76% potential gains from present trading levels.
• The analyst identifies three key competitive strengths: comprehensive service offerings, client-centric approach, and distinctive contractual framework.
• The company delivered 112.5% revenue growth year-over-year, reaching $2.58 billion in its latest quarterly report while surpassing earnings per share projections.
• Shares currently trade near $85.43, within a 52-week trading range spanning $60.55 to $153.20.
• While institutional ownership increases, notable insider share sales and a $3 billion convertible debt issuance warrant investor attention.

CoreWeave shares are currently hovering around $85.43, considerably below the 52-week peak of $153.20, yet a highly-ranked Wall Street analyst believes the recent decline presents a compelling entry point.

CoreWeave, Inc. Class A Common Stock, CRWV

Evercore ISI’s Amit Daryanani reaffirmed his Buy recommendation on CRWV with a $150 price objective. This forecast suggests approximately 76% appreciation potential from present valuation levels. Daryanani holds the #13 position among 12,521 analysts monitored on TipRanks, boasting a 73% accuracy rate and delivering average gains of 39.5% per recommendation.

His optimistic outlook stems from three fundamental strengths: extensive product offerings, customer-centric business model, and a contract framework that ensures revenue predictability.

CoreWeave’s Competitive Differentiation

The company’s business model extends beyond simple GPU leasing. Its portfolio encompasses storage solutions, networking infrastructure, managed inference capabilities, and comprehensive services covering the entire AI development cycle, from initial training phases through production deployment. Daryanani projects these complementary offerings will exceed $500 million in annual recurring revenue by the conclusion of 2026, maintaining growth rates above 100% year-over-year.

The organization maintains a diversified customer base spanning AI research laboratories, enterprise clients, hyperscale cloud providers, and government entities. Notably, it eliminates data transfer charges, which represents a significant expense reduction for clients handling massive data volumes.

Regarding contractual arrangements, CoreWeave emphasizes longer-duration agreements, providing enhanced revenue forecasting capabilities. The firm simultaneously pursues shorter-term contracts at elevated pricing levels, with recent arrangements reportedly commanding approximately $40 million per megawatt.

Financial Performance Metrics

The company’s latest quarterly results revealed revenue of $2.58 billion, representing 112.5% year-over-year expansion. Earnings performance exceeded analyst expectations by $0.38 per share, with a reported loss of $1.14 per share compared to consensus estimates of a $1.52 loss.

However, profitability remains elusive. The firm operates with a negative net margin of 25.41% and maintains a debt-to-equity ratio of 5.53. Wall Street forecasts anticipate a full-year loss of $5.19 per share.

Additionally, CoreWeave recently disclosed plans for a $3 billion convertible notes issuance, including provisions for an extra $500 million. This financing initiative highlights substantial capital requirements and introduces potential shareholder dilution concerns.

Institutional Investment and Insider Transactions

Multiple institutional investors expanded their stakes during Q2. Nykredit A/S established a $7.71 million position. Virginia Retirement Systems opened a new holding valued at approximately $8.67 million. Ameritas Advisory Services boosted its investment by over 860%.

Conversely, company insiders have been reducing holdings. CEO Michael Intrator divested 278,560 units in late June at an average price of $97.43. Magnetar Financial, a major shareholder, sold 307,131 units in August at $108.75, reducing its stake by 58%. Insider selling totaled $569 million over the previous 90 days.

Analyst sentiment remains mixed. Among 35 analysts tracking CRWV, 21 recommend Buy, 10 suggest Hold, and four advise Sell. The consensus price target stands at $138.90, implying approximately 63% upside from current trading levels.

Rothschild and Co. Redburn recently initiated coverage with a Sell rating and $54 target, highlighting concerns about declining GPU pricing pressuring CoreWeave’s economic model. Rosenblatt Securities represents the bullish extreme with a $250 price objective.

The company has successfully deployed Nvidia’s Vera Rubin rack-scale systems and elevated its 2026 revenue guidance to a range between $12.4 billion and $13.2 billion, following reported 2025 revenue of $5.1 billion.

The post CoreWeave (CRWV) Stock: Analyst Projects 76% Surge With $150 Target Price appeared first on Blockonomi.

Key Highlights

• Shares of Amgen rose approximately 4% during premarket hours Tuesday following encouraging Phase 3 data for dazodalibep in treating Sjögren’s disease
• The OASIZ 301 clinical trial achieved its primary goal, demonstrating statistically significant improvements in systemic disease severity at the 48-week mark
• Positive changes in patient outcomes emerged as soon as Week 4 and remained consistent throughout the complete 48-week trial duration
• No FDA-approved medications currently exist for Sjögren’s disease, positioning dazodalibep as a pioneering therapeutic option
• Complete trial findings will be shared at an upcoming medical conference; a companion Phase 3 trial is anticipated to conclude in the fourth quarter of 2026

Amgen (AMGN) shares climbed approximately 4% during premarket hours on Tuesday, reaching $406.02 shortly after market open, following the biotechnology company’s announcement of encouraging topline data from its Phase 3 clinical trial evaluating dazodalibep, an investigational therapy for Sjögren’s disease.

Amgen Inc., AMGN

The clinical study, designated OASIZ 301, successfully achieved its primary goal. Participants demonstrated statistically significant improvements in systemic disease severity at the 48-week mark, as assessed using the EULAR Sjögren’s Syndrome Disease Activity Index (ESSDAI).

The rally lifted AMGN shares back above their 50-day moving average threshold.

The clinical trial included approximately 621 participants diagnosed with moderate-to-severe systemic Sjögren’s disease. Data revealed meaningful improvements beginning at Week 4, with these benefits maintained throughout the entire 48-week observation period.

Sjögren’s represents a systemic autoimmune disorder characterized by dryness, persistent fatigue, chronic pain symptoms, and potential involvement of vital organs. Currently, no medications have received FDA approval specifically for this condition.

This absence of approved therapies represents a significant market opportunity. Should dazodalibep successfully navigate the regulatory approval process, it would become the inaugural FDA-sanctioned treatment option for Sjögren’s disease.

Mechanism of Action Behind Dazodalibep

Dazodalibep functions as a CD40L antagonist fusion protein. Its mechanism involves blocking the interactions among T cells, B cells, and additional immune system components that perpetuate the disease process.

Jay Bradner, Amgen’s executive vice president of research and development, noted that both the rapid onset and sustained nature of the trial outcomes strengthened the organization’s belief in the therapeutic candidate and its broader Phase 3 development program.

The trial’s most frequently reported adverse events included nasopharyngitis, urinary tract infections, elevated blood pressure, and reactions related to infusion administration. The majority of these events were classified as mild to moderate in severity. Treatment discontinuation rates attributed to adverse effects remained minimal and comparable between the active treatment arm and placebo group.

Market Competition Analysis

Amgen faces competition in this therapeutic area. Novartis (NVS) is advancing ianalumab, an alternative Sjögren’s treatment candidate that employs a distinct mechanism by targeting the BAFF protein pathway.

In clinical testing, ianalumab demonstrated improvements ranging from 1 to 1.3 points versus placebo on a 42-point symptom assessment scale. Leerink Partners analyst David Risinger anticipates regulatory approval for ianalumab within the next several months.

Risinger maintains a market perform rating on AMGN shares.

Amgen intends to share comprehensive data from the OASIZ 301 trial at a forthcoming medical conference. This detailed presentation will enable investors to better evaluate dazodalibep’s comparative profile against ianalumab.

An additional Phase 3 investigation, OASIZ 303, is evaluating dazodalibep in participants with moderate-to-severe symptomatic Sjögren’s disease. This companion study is projected to complete during the fourth quarter of 2026.

The post Amgen (AMGN) Stock Surges 4% on Breakthrough Sjögren’s Disease Trial Results appeared first on Blockonomi.

Key Takeaways

• Rocket One (RKTO) revealed plans to purchase 100% of Tracer Drone Technologies, a drone services firm operating in New Jersey.
• Following the announcement, RKTO shares climbed 7.59%, reaching $0.8055 per share.
• Tracer currently produces revenue and will function as a fully owned subsidiary once the transaction completes.
• This acquisition expands Rocket One’s capabilities to include drone equipment, software solutions, training programs, maintenance services, and managed operations.
• The companies did not reveal specific financial details of the agreement.

Rocket One (RKTO) disclosed on September 22 that it has entered into a binding agreement to purchase all membership interests in Tracer Drone Technologies, a drone services enterprise based in New Jersey. Shares of RKTO climbed 7.59% to $0.8055 in response to the announcement.

Rocket One Inc., RKTO

The binding agreement was signed on September 18. The parties did not release the financial specifics of the transaction.

Tracer already has active revenue streams, positioning it as an immediately functional component of Rocket One’s operations. Following completion, Tracer will continue operating under Rocket One’s full ownership.

Completion of the transaction depends on standard closing requirements. Further information will be submitted to the U.S. Securities and Exchange Commission in upcoming filings.

Tracer delivers comprehensive drone solutions encompassing equipment sales, NDAA-compliant systems, thermal imaging technology, and detection platforms. The company also delivers FAA Part 107 certification training, repair services, upkeep programs, 3D mapping capabilities, and LiDAR managed solutions.

The firm serves clients across public safety agencies, commercial enterprises, and corporate sectors, providing Rocket One with immediate access to these established markets.

Strategic Value for Rocket One

This transaction delivers a functioning sales infrastructure and customer service operation to Rocket One’s existing business. The package includes systems integration expertise, educational programs, and continuous maintenance services.

For an organization continuing to develop its commercial infrastructure, acquiring an active drone business represents a strategic addition. The move also creates a distribution pathway for Rocket One’s proprietary AI and autonomous drone innovations.

Chief Executive Officer Robb Knie noted the transaction provides Rocket One with “a revenue-generating foundation in the drone market, with established sales, service, training and customer-support capabilities.”

Rocket One’s Long-Term Vision

Rocket One positions itself as concentrating on AI infrastructure development, cutting-edge semiconductor innovations, aerospace and defense applications, and autonomous systems.

The organization is simultaneously working on Swarm Stage AI, a platform designed for drone-swarm threat simulation and counter-UAS training purposes. Tracer’s current business model aligns with this comprehensive approach to autonomous and defense-oriented drone technology.

Prior to the disclosure, RKTO had finished Monday’s trading session down 5.23%. During Tuesday’s pre-market hours, shares declined 0.36% to $0.7460 before the acquisition news drove prices upward.

The membership interest purchase agreement encompasses all existing and outstanding membership interests in Tracer Drone Technologies.

The companies have not specified when the transaction will finalize. Rocket One indicated that additional details regarding the deal will appear in its regulatory submissions to the SEC.

The post Rocket One (RKTO) Stock Climbs 7% Following Tracer Drone Technologies Deal appeared first on Blockonomi.

TLDR

• ACHR rises 3.04% as Midnight returns to California’s major air show this week.
• Archer plans public Midnight flights in Salinas on September 26 and September 27.
• The No Roads tour highlights faster regional trips using Archer’s electric aircraft.
• Midnight recently flew 40 miles between Salinas and Hollister in about 12 minutes.
• More California flights could keep Archer’s Midnight program and ACHR in focus.

Archer Aviation stock rose 3.04% to $5.59 as traders responded to another major public showcase for Midnight. ACHR recovered from an early dip before extending gains into late morning trading. The move came as Archer confirmed Midnight flights at the California International Air Show.

Archer Aviation Inc., ACHR

ACHR Stock Gains as Midnight Returns to California Air Show

Archer will conduct public Midnight flights during the September 26 and 27 air show in Salinas, California. The announcement added fresh momentum around ACHR shares as Archer expanded its public flight program. Midnight will fly on both days after appearing at the same event in 2025.

The aircraft will join the United States Air Force Thunderbirds and several other aviation performers. Salinas has served as Archer’s main flight testing base since 2021. Therefore, the event connects Archer’s testing operations with another high-profile public demonstration.

Hundreds of Archer employees from engineering, operations, and flight testing are expected to attend. The showcase gives Archer another opportunity to demonstrate Midnight before aviation audiences and local communities. Meanwhile, ACHR’s latest gain reflects stronger market attention around the company’s expanding flight activity.

No Roads Tour Adds Momentum Around Archer Aviation

Archer launched its No Roads tour to demonstrate how Midnight could reduce travel times between nearby cities. The program focuses on journeys that often take considerably longer by road. Midnight can complete some targeted routes within 10 to 20 minutes.

The tour started September 4 with a piloted round trip between Salinas and Hollister airports. Midnight covered more than 40 miles and reached a top speed of 125 mph. The aircraft also reached a cruising altitude of 3,550 feet during the demonstration.

Each flight segment lasted about 12 minutes, compared with more than 40 minutes by road. Archer plans further flights through San Martin, San Jose, Oakland, and San Francisco. The company will later extend the tour into Los Angeles, Texas, and Florida.

ACHR Stock Focus Shifts to Midnight Flight Expansion

Midnight remains central to Archer’s plan for short urban and regional electric air travel. The aircraft uses electric propulsion and produces zero operating emissions during flight. Archer also designed Midnight to support rapid consecutive operations between charging periods.

The company aims to replace some 60-to-90-minute road journeys with much shorter electric flights. Each public demonstration gives Archer more operating experience while increasing visibility for its aircraft program. That progress also gives ACHR traders new milestones to assess as commercial development continues.

ACHR’s 3.04% advance placed the stock in positive territory as the upcoming air show approached. The California event now adds another public flight milestone to Archer’s growing demonstration schedule. Further No Roads flights could keep Archer’s execution and Midnight program central to ACHR stock activity.

The post Archer Aviation Inc. (ACHR) Stock: Surge as Midnight Flights Take Center Stage at California Air Show  appeared first on Blockonomi.

Arthur Hayes has argued that the “Safety First” pause on AI development being pushed by Anthropic, OpenAI, and SpaceX has less to do with concern for humanity and more to do with weak demand for AI products at current prices.

According to him, the resulting compute glut could make AI cheaper to run, a dynamic he called favorable for his own AI-crypto venture, the Flop Network, and for Bitcoin.

Hayes Ties the AI Showdown to a Trillion-Dollar Debt Problem

In a September 22 essay, Hayes pointed out that the three labs’ compute demand backs more than $1 trillion of investment-grade debt and hundreds of billions in lower-quality loans. This financing flows through partners like Nvidia, Broadcom, Google, and Microsoft.

He reasoned that if training spending falls under the safety banner, compute purchases will drop while the debt will stay on the books.

“Safety First is by definition compute demand destruction,” he wrote, citing Nick Nemeth of Mispriced Assets while describing how private equity firms have used captive insurers and affiliated reinsurers, often domiciled in Vermont, to hold policyholder premiums against AI-linked private credit with little real capital backing them.

He put the scale of what he called a fabricated reinsurance asset at $1.54 trillion, pointing to one Brookfield-linked case booked at a $1.48 billion valuation where the reinsurer told regulators it owed nothing.

A downgrade of AI data center debt, he argued, would force parent insurers to find capital the reinsurers cannot supply, pushing Washington toward another 2008-style rescue.

“Will the US government do one of the following: become the compute buyer of last resort in the name of national security, or print money to bail out underwater insurance companies?” the BitMEX co-founder asked.

But in his opinion, whatever the government does, Bitcoin and crypto investors will win.

Bitcoin’s Rally and Hayes Broader Liquidity Calls

Hayes wrote his essay with Bitcoin climbing to an eight-month high of $87,400 on Monday. SoSoValue data also showed about $999 million flowing into spot BTC ETFs that day, while CryptoQuant pointed to a short squeeze that liquidated more than $340 million in bearish positions.

He has made similar liquidity arguments before, including on September 3, when he pointed to funding stress at French banks such as BNP Paribas and Societe Generale as a trigger for renewed Fed money printing through its repo facilities.

“Safety First doesn’t herald a massive up swell in printed money immediately,” he wrote in today’s piece. “It gives Trump a choice, we as Bitcoin and crypto investors, don’t care what he decides because both roads lead to more money printing.”

The post Arthur Hayes Says AI Glut Could Lower Compute Costs and Boost Crypto appeared first on CryptoPotato.

Ethereum has extended its recovery from the September lows and is now trading around $2.73K after slightly breaking above the $2.7K resistance area. The latest move has strengthened the short-term structure, although ETH is approaching another major resistance zone and momentum might be beginning to cool from its recent highs.

Ethereum Price Analysis: The Daily Chart

The daily chart shows a clear structural improvement following the sharp recovery from the $1.5K area. ETH subsequently reclaimed the $1.9K region and then broke above the $2.1K resistance zone with substantial force.

The breakout accelerated in August, pushing ETH above both the 100-day and 200-day moving averages. These key moving averages are now converging rapidly, which could lead to a potential bullish crossover around $2K. All of these signs point to the fact that the broader bearish structure has weakened considerably. Still, a complete long-term trend reversal would require ETH to trade above the higher resistance levels.

The market is currently trading around $2.73K, just above the marked $2.7K resistance zone. Holding above this area could open the way toward the next major resistance around $3.0K. That region is particularly important because it is also an important psychological level that the market would need to overcome.

On the downside, the former $2.7K resistance area could now act as initial support if the breakout holds. Below it, the $2.5K consolidation region is the next notable zone, followed by the key $2.1K support area, which also coincides with the key moving averages.

ETH/USDT 4-Hour Chart

The 4-hour chart provides a clearer view of the latest breakout. ETH spent much of September consolidating between roughly $2.4K and $2.7K before breaking higher over the recent sessions. The move finally carried price through the $2.7K resistance area.

The latest candles show some hesitation after ETH briefly pushed toward $2.8K. This is consistent with profit-taking around a previously marked resistance area rather than an immediate structural reversal.

The key short-term level is now the same $2.7K zone. Holding above this area and completing a pullback would preserve the recent breakout structure and could allow an attempt toward the $3K region. Conversely, a sustained move back below the $2.7K area would weaken the breakout and increase the possibility of a deeper retracement toward the $2.45K bullish order block in the short-term.

The 4-hour RSI has risen into the upper portion of its range following the breakout but has already pulled back from an overbought state. This indicates that momentum remains constructive, while also showing that the market has become less stretched after the initial surge, which is a positive sign showing momentum cooling off before another rally materializes.

Sentiment Analysis

The Ethereum Taker Buy Sell Ratio chart shows the metric’s 30-day average currently around 0.99. A reading below 1 indicates that aggressive taker selling has exceeded aggressive taker buying over the measured period.

This is notable because ETH has continued to appreciate despite the ratio remaining below 1. The latest price rebound therefore has not been accompanied by a clear dominance of aggressive market buying on this metric.

The chart also shows that the 30-day average has been declining from significantly higher levels seen around April and July. At the same time, ETH has recently moved sharply higher from the $1.8K area toward $2.7K. This divergence suggests that the rally has not yet been confirmed by a sustained improvement in taker-buying dominance.

A move in the ratio back above 1, particularly if sustained, would provide stronger confirmation that aggressive futures buyers are gaining control. Conversely, continued readings below 1 while ETH trades near resistance could leave the latest breakout vulnerable to a period of consolidation or correction, especially if spot demand fails to keep up with the selling pressure coming from the futures market.

The post Ethereum (ETH) Price Analysis: Bulls Eye $3K Following Breakout Above $2.7K Resistance appeared first on CryptoPotato.

Binance bought $100 million of Circle Internet Group (NYSE: CRCL) stock in a private placement and signed a five-year agreement to promote USDC.

Both companies announced it on Tuesday with an 8-K filing, putting the purchase at 1,237,011 Class A shares at $80.84 each. The agreements were signed on September 17, and the share sale closed the same day, according to the filing, at a five percent discount to CRCL’s market price before closing. The stock closed at $85.09 that day and $94.49 on Monday.

Circle @binance

Circle and Binance are continuing to build together through a new five-year commercial agreement to expand USDC access across emerging markets.

Binance has also made a $100M strategic investment in Circle.https://t.co/I0CIUBUoCZ pic.twitter.com/zQ9f9EiYTk

— Circle (@circle) September 22, 2026

Not Selling For Up To Two Years

Binance agreed not to sell, transfer or hedge the shares for up to two years and keep its voting rights. Also the new agreement “supersedes and replaces” contracts signed in November 2024 and August 2025, the filing states. Circle and Binance first partnered in December 2024, when Binance agreed to hold USDC in its corporate treasury and offer it to 240 million users.

Circle’s IPO prospectus later disclosed a one-time $60.25 million fee paid to Binance under that deal, plus monthly incentives on USDC held on its platform and in treasury. The treasury fees applied only while Binance held at least 1.5 billion USDC, and Binance agreed to keep 3 billion there (subject to exceptions). Both arrangements had two-year terms.

An August 2025 agreement superseded the non-treasury side of that deal and tied fees to USDC held through Circle’s Modular Smart Contract Wallet infrastructure service, on a four-year term. The new deal keeps that structure, with Circle paying a monthly fee set as a percentage of USDC held through the service.

Likewise, Circle’s annual report put the 2025 rise in Binance-related distribution costs at $152.1 million. Distribution and transaction costs ran $410.4 million in the second quarter, $324.6 million of it to Coinbase.

Teng Cites Arc and Emerging Markets

Richard Teng, co-CEO of Binance, said Circle “has earned its place as one of the most credible issuers in the world, spanning USDC, Arc, and the infrastructure reshaping how value moves across borders,” and that the investment and five-year term “represent long-duration conviction.”

Circle launched Arc’s public mainnet on September 16 with Binance among more than 100 participants.

Jeremy Allaire, Co-founder, Chairman and CEO of Circle, called Binance “the most widely used wallet in the world for dollar stablecoins” and said the partners would use USDC “to expand dollar access” and “reach people and businesses throughout global emerging markets.”

Binance has also had its fair run. The exchange reported 323 million registered users at its ninth anniversary in July.

The post Binance Makes $100M Bet on Circle and Signs Five-Year USDC Deal appeared first on CryptoPotato.

The team behind Pi Network supposedly completed another major ecosystem development, while the broader cryptocurrency market has been booming lately.

Despite these positive developments, PI remains deep in the red on a weekly basis.

The Latest Ecosystem Advancement

Pi Network began the long process of protocol updates at the start of the year and first implemented version 19.6. Many others followed suit, including v20.2, which laid the foundation for smart contract capabilities.

During the summer months, it unveiled versions 25 and 26, which actually came after their initial deadlines. The last technical update from that list is protocol v27, which was supposed to add more flexible and secure smart-contract authentication and should have been deployed on September 15.

On that date, the X account BSCN revealed that Pi Network initiated the upgrade, starting with a Testnet 2 implementation and planning to transition to Mainnet in the coming days. Several hours ago, the entity disclosed that the Core Team completed the final step toward launching protocol v27.

“Pi Network PiCoreTeam is moving to Protocol V27 on its Testnet 2 environment as it works toward a mainnet launch. The new protocol has stabilized at 250 transactions per block with no recorded failures, showing it can handle higher traffic. This is the final technical step before the Pi Network team switches to the live environment,” the announcement reads.

It is important to note that other X users have also highlighted the development, yet Pi Network’s official X account has remained silent on the matter.

Performing Maintenance

Pi Network’s PI has a maximum supply of 100 billion tokens, with a large portion allocated to community mining rewards. However, the circulating supply currently stands at roughly 11.24 billion units (per CoinGecko), while the supply created so far is around 17.2 billion.

This means that many coins remain locked and are set for release in the coming months and years. Traders and investors have been closely monitoring that development, as it can impact the price. The website providing this insight is piscan.io, but it has been unavailable for a few weeks as the team performs maintenance and reviews its service operations.

Besides upcoming token unlocks, PiScan has been providing data about the amount of PI tokens stored on crypto exchanges: another factor that is vital for the price trajectory. Nevertheless, such information is also unavailable at the moment.

PI Price Outlook

As of this writing, PI trades at roughly $0.09, down about 8% this week. This is concerning given the broader cryptocurrency market’s major upswing, with Bitcoin (BTC) briefly touching $87,000 and Ethereum (ETH) nearing $2,800.

Still, some believe that the token may soon regain bullish momentum. X user Crypto With Gopal noted that the price has been holding the $0.07-$0.08 support zone, suggesting buyers are defending the lows.

“A breakout above the $0.10-$0.11 resistance could trigger a stronger upside move toward the projected target. Bulls are trying to build momentum – breakout confirmation is key,” he concluded.

The post Important Pi Network News and PI Price Update: September 22 appeared first on CryptoPotato.

Glassnode’s Altcoin Cycle Signal flipped from Bitcoin season to altcoin season this week, the on-chain analytics firm has reported.

This is after an August rally that had mostly bypassed altcoins gave way to broader participation across the market.

Signal Says the Market Has Widened

The Glassnode signal compares Bitcoin’s performance against a market-cap-weighted basket of the top 250 altcoins, minus stablecoins. High readings often mean altcoins are outperforming, while low readings mean BTC is leading.

Additionally, the chart shows Bitcoin’s price line changing color according to the prevailing regime, with orange representing Bitcoin season and blue representing altcoin season. The primary cryptocurrency rallied through mid-August while the signal stayed orange, then it turned blue today as BTC’s price flew past $87,000.

“The first rally in August saw altcoins stay relatively flat while BTC moved,” Glassnode wrote. “However, today’s rally has ignited the full breadth of the altcoin market.”

In another post, the analytics platform noted that Bitcoin was trading above both the True Market Mean and the short-term holder cost basis, levels that have historically defined a sustained uptrend when price holds above them.

The Elliott wave count also has BTC nearing the target for a fifth wave, with the daily RSI diverging from price, a setup analyst Darkfost says could be foreshadowing a pullback toward $74,500 before the asset goes up any higher.

Bitcoin itself was changing hands above $85,000 at the time of writing, up 5% in 24 hours and more than 10% across the week, after breaching $87,000 on Monday, the first time it had hit that level since the end of January. ETH also boasted a 10% climb of its own in one week that has taken it past $2,700.

Elsewhere, BNB crossed $800 for the first time since late January, XRP jumped from around $1.40 to above $1.50, and Dogecoin led the larger-cap alts with a 24-hour gain above 15%. All that winning pushed the total market cap 3.6% to over $3 trillion per CoinGecko, with Bitcoin’s share sitting at 57%.

A Rally Built on a Rough Week

As CryptoPotato reported, last week brought several macro headwinds, including the Senate voting against advancing the CLARITY Act and the Federal Reserve raising interest rates for the first time since July 2023, pushing BTC down to a multi-week low near $75,000 before it reclaimed its 50-week moving average and climbed back above $80,000.

You can watch the video below for more on how the market reacted when the Fed raised interest rates.

Meanwhile, ETH’s move past $2,700 has split opinion, with analyst DANNY not convinced. They called the setup a trap and expect a slide toward $1,500 before any real breakout.

But on the other hand, Fundstrat’s Tom Lee has said that all the ingredients are there for a “face ripper” rally this month, with the price of oil cooling and rates “behaving.”

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