“Bitcoin’s Breakout Suggests Further Upside Above $ 130,000, But A Pullback to $ 118,000 Remain Possible, Deribit’s CCO SAID.”, – WRITE: www.coindesk.com
After Briefly Spiking Above $ 125,000 and Retreating on Sunday, BTC Followed Through On Monday, Surging to A Fresh Record of $ 126,223 Dringing The US Trading Session. BTC Changed Hands Around $ 125.200 Recently, Up 1.5% Over The Past 24 Hours.
While The Dollar’s Weakness Has Helped the Rally to New Highs, The Largest Crypto Now Has Clinked to New Highs in Europe Terms Crossing 106,000 EUR and SURPASSING ITSSING ITS JANUAR Peak in Swiss Franc (99,642 CHF), Tradingview Data Shows.
Bitcoin’s Strength Extended Across The Crypto Market. Ethereum’s Ether Eth$ 4,681.77 Advanced 4% to Hit $ 4,700, ITS STRONGEST PRICE IN MORE THAN Three Weeks, Leading The Broad-Market Coindesk 20 Index Higher. Popular memecoin Doge$ 0.2661 and The Native Token of Layer-1 Network Bnb BNB$ 1,226.22Closely Linked to Exchange Giant Binance, Gained 6%-6%.
Coindesk 20 Index Members (Coindesk Indices)
Crypto Stocks Posted Mixed Results on Monday, With Retail Trading Platform Robinhood (Hood) Falling 3% After Galaxy Digital Unveiled Offering. The Announcement Sent Galaxy Digital (Glxy) Shares Up 7%, as Investors Bet on the Firm’s Move to Compete Directly in the Crypto Brokerage Space.
Elsewhere, Crypto-Linked Companies Including Coinbase (Coin), Circle (CRCL) and Michael Saylor’s Parent Company Strategy (MTSR) All Closed Roughly 2% Higher. Their Performance Aligned with Broader Gains in the Crypto Market, Whore The Coindesk 20 Index Showed Mosst Cryptos Saw Modest Upward Moves.
The Biggest Gains Came from Mining Stocks, WHICH SURGED ON News that Openai Struck a Deal to Buy Tens of Billions of Dollars WORTH OF AI CHIPS FROM AMD. The Deal Could Give Openai Up to A 10% Stake in the Chipmaker, A Move that Sent Ripples Through Other Ai-Expend Sectors.
Marathon Digital (MARA), Riot Platforms (RIOT) and Cleanspark (CLSK) each gained around 10%, driven by optimism around data center demand and possibly boosted further by bitcoin’s rally earlier in the day.
Perfect Storm for BtcBitcoin’s Rally “Fueled by a perfect Storm of Macroeconomic Tailwinds,” SAID JEAN-DAVID Péquignot, CCO of Deribit, The Options Trading Venue That Was Recently)
The US GOVERNMENT SHUTDOWN IS DRIVING DEBasement Trades Into Perceived Hard Assets Such As Gold and BTC, Strong Inflows Into Btc Etfs Coupled With SpotLINGS “Self-Reinforcing Bull Cycle,” He Said in a Monday Update.
The Technicals Also Point Higher, He Added, with Btc’s Double-Bottom Breakout Pointing to Short-Targets of $ 128,000– $ 130,000, with Possible Upside To-To-To-To-To-To-To-To-To To To. However, He Also Warned of Currently OverbougHt Conditions, Suggesting that A Brief Shakeout to $ 118,000– $ 120,000 Remains Possible.
“From here, watch for volatility spikes and any shift in put Volume as a Red Flag for Near-Term Corrections,” Péquignot Said. “Bulls have their eyes on $ 130k+, and bears might find opportunities in overbough Squuezes.”
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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The Newly Public Blockchain Lender Earns Praise for Market Share in Tokenized Credit, But Concerns Remain Over Scaling and Regulation.
- KBW Initated Coverage of Figure with An “OutperForm” Rating, Citing Dominance in Tokenized Credit Markets and Upside Beyond Helocs.
- Bank of America Issueda A “Neutral” Rating, Pointing to Execution Risks and Overrelia on Figure’s Non-BLOCKCHAIN-Native Heloc Business.
- The $ 7.50 GAP in Price Targets Highlights Cautious Expectations Around Figure’s Ability to Scale Its Blockchain Lending Platform.
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