Bitcoin could cop a 70% drawdown next bear market: Crypto analyst

Vietnam's decision to close 86 million bank accounts that do not meet biometric verification standards has sparked a renewed interest in Bitcoin among crypto advocates. They argue that this move highlights the importance of decentralized currencies like Bitcoin, which can provide financial freedom and security in an increasingly regulated banking environment. As traditional banking systems face scrutiny, many see this as a pivotal moment for cryptocurrency adoption.

Michigan is making strides with its Bitcoin Reserve bill, which proposes to invest 10% of state funds in Bitcoin. This move could pave the way for broader state-level adoption of cryptocurrency, potentially influencing national policies and encouraging financial diversification. As more states consider similar measures, Michigan's initiative could serve as a model for others, highlighting the growing acceptance of digital currencies in mainstream finance.

Bitcoin's price is on the rise, currently hovering above $116,650, and it seems poised for a potential breakout. If it can surpass the $118,000 resistance level, we could see even more gains. This upward trend is significant as it indicates growing investor confidence and could attract more attention to the cryptocurrency market, making it an exciting time for both traders and enthusiasts.

Bitcoin is on the rise again after the US Federal Reserve's recent interest rate cut, with experts predicting a 70% chance of reaching new all-time highs within just two weeks. This is significant because it reflects a growing confidence in the cryptocurrency market, suggesting that investors may be ready to embrace Bitcoin's potential for substantial gains. As the market reacts positively to these developments, it could pave the way for even more interest and investment in digital currencies.

The latest trends in the crypto futures market reveal a mixed performance among major cryptocurrencies. While Bitcoin and Solana have experienced a decline in their perpetual futures open interest, Ethereum and XRP are showing positive movement. This divergence is significant as it highlights the varying investor sentiments and market dynamics within the crypto space, indicating potential shifts in trading strategies.

SUI is showing promising signs as it approaches a key resistance level, with institutional momentum building and significant partnerships being formed. Analysts believe that if SUI can maintain its current levels, it may break out to new highs, potentially retesting the $4 mark. This is particularly exciting for investors, as the cryptocurrency has recently surged 4.2%, marking its first time reclaiming the $3.90 area in a month. The developments around SUI could indicate a positive trend in the broader cryptocurrency market.

On September 19, 2025, a 12-foot golden statue of Donald Trump holding a Bitcoin appeared in Washington's National Mall, funded by the meme coin community Pump.fun. This statue symbolizes the growing interest in cryptocurrency, especially as the Federal Reserve announced its first interest rate cut of the year, which is seen as a positive sign for risk assets. While Trump has made significant profits in the crypto space, experts believe that the surge in Bitcoin's value is driven more by institutional innovation and expanded investment channels than by any single political figure. This event highlights the intersection of politics and cryptocurrency, making it a noteworthy moment for investors and enthusiasts alike.

Bitcoin is currently holding steady at around $117,500, showing a 6.1% increase over the last two weeks, primarily driven by retail investors. This trend raises questions as large investors, or whales, have been largely inactive, which could indicate potential volatility ahead. Understanding this dynamic is crucial for investors as it highlights the influence of retail trading on Bitcoin's price stability.

Bitcoin is currently navigating a complex market where long-term holders are cashing in on profits while short-term holders are hesitant, barely breaking even. This situation highlights the contrasting strategies among investors and reflects the overall uncertainty in the cryptocurrency market. Understanding these dynamics is crucial for anyone looking to invest or trade in Bitcoin, as it reveals the varying levels of confidence and risk tolerance among different types of investors.

NBA star Kevin Durant's long-forgotten Bitcoin investment has turned out to be a remarkable financial success. Initially purchased nearly a decade ago, Durant's Bitcoin stash, which he couldn't access for years, is now considered one of his best investments. As he prepares to join the Houston Rockets this season, this unexpected financial windfall highlights the growing significance of cryptocurrency in the sports world and how early investments can yield substantial returns.

The London Stock Exchange has made a significant move by listing a new Bitcoin staking ETP, which opens up fresh opportunities for investors looking to earn yield on their Bitcoin holdings. This development is important as it highlights the growing acceptance of cryptocurrency in traditional financial markets, providing a regulated avenue for investors to engage with digital assets.

Dogecoin has seen a notable 13% increase this week, reaching $0.282, despite significant selling pressure from investors. This surge is particularly interesting as over $1.63 billion worth of DOGE has been moved to exchanges, indicating a mix of profit-taking and cautious trading behavior. The shift in assets among long-term holders, as reflected in the coin days destroyed metric, suggests a potential change in market dynamics. This news matters because it highlights the resilience of Dogecoin amidst market fluctuations and could signal future growth opportunities for investors.

The recent seizure of $40 million in cryptocurrency from TradeOgre by Canadian police has sparked outrage among supporters of the exchange, who view the action as an unjust theft from innocent users. This incident raises significant concerns about the treatment of cryptocurrency exchanges and the rights of users, highlighting the ongoing tension between regulatory authorities and the crypto community.

Fidelity's recent purchase of 34,740 Ethereum, valued at $159.4 million, highlights a significant institutional interest in Ethereum ETFs. This move not only reflects growing mainstream acceptance of digital assets but also suggests a potential shift in how these assets are integrated into the financial landscape. As more institutions embrace cryptocurrencies, it could pave the way for broader adoption and innovation in the finance sector.

Space and Time has announced the integration of stablecoin payments, a move that is set to enhance developer efficiency significantly. This integration allows developers to transact in a stable currency, reducing volatility risks and streamlining payment processes. This is important as it not only simplifies financial transactions for developers but also encourages more innovation in the blockchain space, making it easier for projects to thrive.

Trust Wallet's TWT token has seen a remarkable surge of over 40% following a statement from Binance's co-founder. This jump underscores the power of strategic communication in the cryptocurrency market, showcasing how influential figures can significantly boost investor confidence and market dynamics. As the crypto landscape evolves, such developments highlight the importance of utility and communication in driving token value.

Vietnam's decision to close 86 million bank accounts that do not meet biometric verification standards has sparked a renewed interest in Bitcoin among crypto advocates. They argue that this move highlights the importance of decentralized currencies like Bitcoin, which can provide financial freedom and security in an increasingly regulated banking environment. As traditional banking systems face scrutiny, many see this as a pivotal moment for cryptocurrency adoption.

XRP and DOGE exchange-traded funds (ETFs) have made a remarkable debut, achieving a combined trading volume of $54.7 million on their first day. This surge in interest highlights the growing acceptance and popularity of cryptocurrencies in mainstream finance. Investors are increasingly looking to ETFs as a way to gain exposure to digital assets, and this record-breaking volume indicates a strong demand. As more people engage with these financial products, it could pave the way for further innovations and investments in the crypto space.