Bitcoin Hits New All-Time High! – Market Info

The cryptocurrency market has risen significantly over the past two weeks, reaching a new record. The total market capitalization of the crypto market increased by more than 10% and reached a new high of €3.68 trillion. Bitcoin’s market share slightly increased, climbing to 59.2%.

With Bitcoin reaching a new high and euphoria in the crypto market, the Fear & Greed Index also rose, currently standing in the greed zone at 60 points out of 100. Conversely, the altcoin season index dropped by 10 points and is now at 63 points out of 100.

Source: Coinmarketcap

Bitcoin Hits New All-Time High!

Bitcoin is making history again, as on Tuesday, October 6, it surpassed $126,000 (€107,373), reaching a new all-time high. The price surge was driven by record inflows into U.S. spot Bitcoin ETFs and renewed market optimism, also linked to the beginning of October, often historically referred to in the crypto market as “Uptober.” After a brief profit-taking phase, the price stabilized around $122,000, with Bitcoin’s market capitalization reaching $2.47 trillion.

According to SoSoValue, spot Bitcoin ETFs recorded their second-highest daily inflow since launching in January 2024 this past Monday. On that day, $1.20 billion flowed into these funds, with the dominant player being the BlackRock iShares Bitcoin Trust (IBIT), which saw a staggering $967 million inflow. Nate Geraci, president of The ETF Store, stated that IBIT is now close to reaching $100 billion in assets under management (AUM). For comparison, the world’s largest ETF, the Vanguard S&P 500 ETF, took more than 2,000 days to reach the same level.

Geraci also emphasized that in the 30-year history of the ETF industry, no fund has ever grown at this pace. Just last week, a total of $3.2 billion flowed into Bitcoin ETFs, marking the second-highest weekly increase since their launch. This extreme institutional demand clearly demonstrates that Bitcoin is becoming a mainstream investment asset.

Another positive market catalyst comes from the U.S.: Senator Cynthia Lummis hinted that funding for the U.S. Strategic Bitcoin Reserve could begin soon. According to official information, it would initially be funded with Bitcoins already held by the U.S. Treasury, primarily from confiscated assets.

After a turbulent year, Bitcoin is now in a historically strong position — with record demand, institutional backing, and a new wave of market confidence. Let’s see what the coming months bring, historically among the best months for Bitcoin and the entire crypto market. Source

Two Major U.S. Agencies Hold a Joint Roundtable

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) convened a historic joint meeting focused on cryptocurrencies, marking the first such gathering since 2011. The goal was to discuss new regulatory frameworks for digital assets, improve cooperation, and harmonize rules that are often unclear or conflicting.

At the event, acting CFTC Chair Caroline Pham highlighted the need to align the agendas of both agencies, minimize bureaucratic costs, and support responsible innovation. She noted that regulatory ambiguity has previously created tension and challenges for market participants. Examples of coordination included the SEC’s Project Crypto and CFTC’s Crypto Sprint initiatives. Pham also shared numbers: since the start of the year, the agency has undertaken 18 non-enforcement actions and 13 enforcement actions, with 14 more added since September 4. These numbers demonstrate that the CFTC is active and engaged in digital asset regulation.

The discussions also covered market structure, tokenization, prediction markets, perpetual contracts, and extended trading hours. Representatives from major crypto companies like Kraken, Robinhood, and Crypto.com presented their challenges and expectations. Behind the panels, debates emerged about the classification of tokenized securities — whether they should be considered derivatives, subject to strict rules and fungibility, or if more flexible models could exist.

During the event, SEC Chair Paul Atkins emphasized that cryptocurrencies are a top priority for the agency. He also stated that key areas such as tokenization require years to develop proper regulations, but their potential is “virtually limitless.”

This joint meeting could represent a turning point in U.S. crypto regulatory policy, shifting from rivalry to coordination. If SEC and CFTC approaches are unified, market participants could benefit from a clearer path to innovation and legality, with reduced regulatory risk and greater predictability. Source

U.S. Bitcoin Reserves Could Soon Become a Reality

Senator Cynthia Lummis recently suggested that funding for the U.S. Strategic Bitcoin Reserve may start soon. According to her, a framework already exists where the government could use Bitcoins it holds — mostly obtained through legal seizures or forfeitures — as initial capital for the reserve.

Lummis noted that the legislative process is moving slowly, but the actual funding could begin shortly. Former President Donald Trump has issued an executive order establishing basic operational principles for the reserve, but details are still missing on the channels for further purchases and the timeline.

Official documents state that initial resources for the reserve will come without additional taxpayer expenses, meaning purchases could be funded via budget-neutral allocations or using existing funds.

The project aims to become a strategic tool in digital asset policy. If implemented as envisioned, the U.S. would join a few countries that already hold Bitcoin as part of their reserves. It would also represent a significant step toward recognizing Bitcoin as a legitimate reserve asset, not just a speculative market instrument.

Of course, implementing such a plan faces legal, technical, and political challenges. Clear governance must be defined, limits must be set, and purchases must be executed without disrupting market stability. If successful, the U.S. could anchor Bitcoin as a key part of its national financial strategy. Source

VanEck – Bitcoin at $644K Is Not Utopian

Gold recently reached new all-time highs above $4,000 per ounce, sparking a controversial yet intriguing theory: according to VanEck, Bitcoin could reach an equivalent value of $644,000 per BTC. This estimate is based on the assumption that Bitcoin could capture half of gold’s market capitalization after the upcoming halving.

Matthew Sigel, Head of Digital Asset Research at VanEck, stated that this calculation aligns with the historical shift where Bitcoin could play the role of digital gold — a primary reserve asset replacing traditional metals. Sigel noted that about half of gold’s market capitalization reflects its role as a store of value, not just industrial or decorative use. Younger generations increasingly attribute this value to Bitcoin.

Gold has risen roughly 50% this year, partly due to dollar mistrust, political uncertainty, and inflationary pressures. This raises the question: if gold can see such growth, how high could a digital asset with the potential to rival gold as a store of value go?

Skeptics caution that such forecasts are highly theoretical and depend on multiple variables — including Bitcoin network limits, regulatory actions, and macroeconomic shocks. There is no guarantee Bitcoin will reach this level, but gold’s trend underscores a growing shift in investor mentality toward digital assets and their potential as real alternatives to traditional stores of value.

If these estimates are partially realized, Bitcoin’s future could involve a transition from a speculative asset to a fundamental pillar of modern reserve portfolios. Source

BNB Surpasses XRP to Become Third-Largest Asset

The crypto market recently saw an interesting shift: BNB, the token behind the BNB Smart Chain, surpassed XRP to become the third-largest cryptocurrency by market capitalization. This indicates that investors currently see higher growth or stability potential in BNB than in XRP.

This shift was driven mainly by strong positive sentiment around the BNB ecosystem, updates, and expanded use cases — especially in DeFi, staking, transaction fees, and other services. As BNB grew beyond a simple exchange token, it became a key component of the BNB network and related applications.

While XRP has long been considered a major altcoin, it has faced increasing regulatory pressure, disputes, and uncertainties over the years, which hindered adoption. BNB gained ground thanks to stronger ecosystem integration and practical utility within the platform.

This market move is more than symbolic — it shows capital flows dynamically toward stronger fundamentals, growth potential, and lower regulatory risk. For XRP, this is a challenge: to reclaim a top-three spot, it must translate technological and regulatory advantages into clear benefits for users and partners.

For BNB, this opens a new chapter: as the third-largest cryptocurrency, it can attract further investor attention and capital, potentially supporting further price growth. But with higher rank comes higher responsibility, expectations, and pressure to perform and innovate across the entire BNB ecosystem. Source

Does S&P’s New Index Represent a Strategic Shift for SPGI?

S&P Global (SPGI) recently announced the launch of a new benchmark, S&P Digital Markets 50, which combines 15 cryptocurrencies with 35 publicly traded companies operating in blockchain and digital assets. This move is seen as a significant step toward integrating traditional financial indices with the crypto world.

The index is designed to offer diversified exposure, with each component (crypto or company) capped to prevent dominance by a single asset. Companies in the index include those focused on crypto infrastructure, blockchain applications, and related technological solutions.

According to reports, this initiative has attracted investor attention — many see it as a signal that SPGI is moving beyond its core in traditional index services and valuation of traditional assets and entering the more dynamic digital asset space. For SPGI, this could be a way to adapt to changing market preferences and diversify its product portfolio.

If the index gains traction, it could open doors to new investment products — from tokenized index funds to hybrid funds combining traditional securities with cryptocurrencies. This could attract capital currently scattered across stocks, bonds, and direct crypto holdings.

However, risks remain. Crypto sector regulation remains unclear in many jurisdictions, and index performance will depend on S&P Global’s stability and reputation. If SPGI establishes itself as a reliable bridge between traditional and digital markets, it could mark a significant step toward mainstream adoption of cryptocurrencies in finance. Source

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