The Weekend that Broke the Bitcoin Price Rally
Financial leverage, low liquidity and macroeconomic tensions collided, wiping $16,700 off the price of Bitcoin in less than eight hours, a painful lesson in risk and reaction.
Bitcoin is a decentralized cryptocurrency that operates on a peer-to-peer network, allowing secure and transparent transactions without the need for intermediaries such as banks.
153 PostsFinancial leverage, low liquidity and macroeconomic tensions collided, wiping $16,700 off the price of Bitcoin in less than eight hours, a painful lesson in risk and reaction.
Investor activity in US-listed spot Bitcoin ETFs skyrocketed on 6 October, reflecting the continued growth of the BTC. The funds took in about $1.2 billion.
Record crypto seizure in the UK: $7.3 billion in Bitcoin (61,000 BTC) was confiscated from Chinese citizen Zhimin Qian, who swindled 128,000 people. The figure, equal to the entire existing government reserve, opens a debate on the creation of a UK Bitcoin Reserve.
Bitcoin lost key support at $115,000 following the Federal Reserve's rate cut, setting up a potential retest of the $105,500 support zone. The Bitfinex Alpha report reveals how derivative markets and leveraged traders amplified the recent slump.
Between 2023 and 2025, Italy saw crypto adoption double, Ferrari accept Bitcoin, Intesa Sanpaolo buy BTC and regulators introduce new tax rules and MiCA.
An inactive Bitcoin wallet since 2012 has moved 479 BTC, generating tension and speculation in the market.

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