Companies weigh in as UK prepares to reverse crypto ETN ban
Companies weigh in as UK prepares to reverse crypto ETN ban
The UK will lift a ban on specific crypto exchange-traded products starting next week, but the regulator said its âframework would need to be updatedâ before considering ETFs.
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Walmart-Backed Fintech Onepay to Launch Crypto Trading and Custody Services
Onepay, majority-owned by Walmart, plans to launch cryptocurrency trading and custody within its app later this year. Integrating Crypto Into the Retail Ecosystem The fintech firm Onepay, which is majority-owned by Walmart, is reportedly set to expand its services by introducing cryptocurrency trading and custody on its mobile application. The move, expected to roll out [âŠ]
Bitcoin Holders Locking In Gains As Profit-Taking Surges Amid Market Recovery, Rally To Extend?
Bitcoin is heavily riding the renewed bullish wave observed across the broader crypto industry, and its price has now reclaimed the pivotal $120,000 price level. Heightened selling pressure from investors and traders seems to have followed the ongoing upward action in BTCâs price. Massive Profit-Taking Frenzy Hits Bitcoin Investors are currently exhibiting a worrying trend [âŠ]
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Bitcoin Bear Trap Over? Pundit Reveals Where The Market Is At Right Now
After months of uncertainty and sideways trading, fresh technical analysis suggests that Bitcoin (BTC) may have finally exited its bear trap phase. A leading crypto pundit indicates the market has entered a classic cycle of emotions, transitioning from fear to optimism. If this trend continues, the next phase could spark a major rally, with altcoins set to explode. Bitcoin Bear Trap Ends, Altcoins Next Crypto analyst Ardizor posted on X social media on Wednesday that Bitcoin has officially reached the end of its bear trap stage. He argued that the recent downturns were not signs of further collapse but a final shakeout before the next stage of the cycle. Related Reading: Analystâs Prediction Plays Out As Bitcoin Price Rebounds, Hereâs The Full Forecast To support his view, the crypto expert shared a chart illustrating the classic psychology and emotional transitions of a market cycle. From early momentum building to euphoric peaks and painful capitulation, the chart identifies where traders currently stand in the market. Ardizornâs chart also emphasized that the declines and false breakdowns that rattled investors and caused extreme fear in recent weeks have concluded, and now, the market is at the stage of ârenewed optimism.â Interestingly, this shift has led the analyst to believe that altcoins could soon start outperforming as traders rotate their capital from BTC. Based on this trend, Ardizor boldly predicts that altcoins will explode next, with many potentially reaching new all-time highs. His outlook is reinforced by another market analyst, Mister Crypto, who argues that September was merely a bear trap for Bitcoin, and that October, often dubbed âUptoberâ in trading circles, will spark a new bullish phase, with altcoins poised to outperform dramatically. Adding further weight to the bullish case, crypto expert Jelle pointed out that both of Bitcoinâs last two cycles lasted exactly 1,064 days. If history repeats, the current cycle could peak around October 27, giving altcoins extra room to perform strongly into late November. Altcoin Season On The Horizon With the broader altcoin market already recovering from past declines, market analyst Chiefy paints a similarly bullish picture for these assets in 2025. His chart demonstrates a series of breakouts, each marking a significant surge in altcoin valuations relative to Bitcoin. According to the crypto expert, altcoins could reach their breakout stage on October 5, ushering in what he calls âthe biggest altseason in history.â Related Reading: Expert Says âThe Time Has Comeâ, What Could Drive The Next Explosive Altcoin Season The analystâs chart highlights past breakout points that have multiplied prices by 120x, 175x, and 150x, with the next stage projected to reach as high as 200x. This exponential growth pattern mirrors what traders witnessed in previous cycles, reinforcing the idea that the crypto market trends to rhyme, if not repeat. Chiefy has stated that the unfolding altcoin season could push prices to new ATHs and deliver massive opportunities for traders. He highlighted that, after months of consolidation and endless shakeouts, the market momentum has officially shifted toward a clear uptrend phase, with low-cap cryptocurrencies poised to kick off rallies. According to him, back in 2017 and 2021, traders who accumulated altcoins in this stage saw life-changing gains. Featured image from Pixabay, chart from Tradingview.com