Bitcoin above $120k: Here’s 3 data points bulls must watch nextETF turnover, derivatives, and funding set the stage for Q4. This is what actually matters for price...
Happy Friday!Bitcoin’s surge past $120,000 is drawing fresh attention ahead of a crucial Q4 shaped by ETF activity, derivatives, and funding trends, while softer US job data and a looming government shutdown are fueling bets on a Fed rate cut. Meanwhile, talks of national Bitcoin reserves in Europe and the US could reshape BTC’s market, as Coinbase’s $1 billion Bitcoin loan milestone sets an ambitious $100 billion target for 2030. Catch up on these developments below. The global crypto market cap is $4.17 trillion, with a 24-hour volume of $195.09 billion. The price of Bitcoin is $120,931.89, and BTC market dominance is 58.1%. The price of Ethereum is $4,478.07, and ETH market dominance is 13.0%. The best-performing sector is Adult, which gained 8%. The Crypto Fear & Greed Index is currently Greed (63). 📰 Top News
Bitcoin above $120k: Here’s 3 data points bulls must watch nextETF turnover, derivatives, and funding set the stage for Q4. This is what actually matters for price... Why is Bitcoin near all-time highs? Everything that happened in crypto todaySofter US labor signals and a live government shutdown have traders leaning heavily toward another Fed cut this month. Will a Europe-US BTC reserve race actually happen?Sweden’s opposition and a US lawmaker floated national Bitcoin reserves: here’s what would need to pass, and how it could reprice BTC. With over $1B in Bitcoin loans Coinbase targets $100B in 5 yearsAfter reaching $1B, hitting the loan target by 2030 requires a 7.7% per month growth rate.
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