Bitcoin price to $3.4M by 2028? Arthur Hayes doesn’t think so

Bitcoin is currently facing challenges as it hovers around the $113,000 mark, with traders setting new price bottom targets amid fluctuating market conditions. The recent dovish remarks from Fed's Bowman regarding potential rate cuts have not provided much support for bullish traders, highlighting the ongoing uncertainty in the cryptocurrency market. This situation is significant as it reflects the broader economic influences on digital currencies and the cautious sentiment among investors.

BlackRock is making waves in the financial world, raking in an impressive $260 million annually from its Bitcoin and Ether ETFs. This significant revenue not only highlights the growing interest in cryptocurrency investments but also positions BlackRock as a leader in the traditional finance sector's adoption of digital assets. As more investors look to diversify their portfolios with cryptocurrencies, BlackRock's success could set a new benchmark for the industry.

Fold, Stripe, and Visa are teaming up to launch a new Bitcoin rewards credit card that offers users up to 3.5% back on their purchases. This innovative card is set to attract cryptocurrency enthusiasts and everyday consumers alike, making it easier to earn Bitcoin while spending. The collaboration highlights the growing acceptance of digital currencies in mainstream finance, potentially paving the way for more crypto-related financial products in the future.

In 2025, a remarkable story unfolded as five solo Bitcoin miners each earned over $350,000, showcasing the potential of individual efforts in the cryptocurrency space. This achievement highlights the decentralized nature of Bitcoin, a concept originally envisioned by its creator, Satoshi Nakamoto. Their success not only emphasizes the viability of solo mining but also inspires others to explore opportunities in the ever-evolving world of digital currencies.

Bitcoin is facing significant challenges as short-term holders capitulate, resulting in $30,000 worth of realized losses in just 24 hours. The cryptocurrency has struggled to maintain its value after dropping below the critical $115,000 mark, now fighting to hold onto $110,000. This situation has left many investors feeling uneasy, as the potential for a deeper market correction looms if support levels fail. Understanding these dynamics is crucial for anyone involved in the crypto space, as they highlight the volatility and risks associated with trading Bitcoin.

Bitcoin has experienced a significant decline, losing nearly a third of its nodes since September 14. This drop is concerning for the cryptocurrency community as it indicates potential instability and reduced network security. The loss of nodes can affect transaction processing and overall trust in the Bitcoin network, which is crucial for its long-term viability. As investors and users watch these developments closely, the future of Bitcoin may hinge on how quickly it can recover and regain its lost nodes.

Deutsche Bank analysts believe that central banks could start embracing Bitcoin within the next five years, marking a significant shift in financial strategy. As Bitcoin prices approach record highs, it is seen as a potential co-hold alongside traditional safe havens like gold. This development is important as it could reshape how central banks manage their reserves and respond to economic changes, indicating a growing acceptance of digital currencies in mainstream finance.

The recent advancements in the UTXO model, particularly with the introduction of Nexa, are set to revolutionize global enterprise finance. This innovation not only enhances transaction efficiency but also promises greater security and scalability for businesses. As companies increasingly adopt blockchain technology, understanding these developments is crucial for staying competitive in the evolving financial landscape.

Bitcoin continues to dominate the cryptocurrency landscape, holding over 57% of the total market cap at $2.37 trillion. Its popularity is undeniable, often being the first name that comes to mind when discussing crypto. The introduction of Bitcoin Hyper's Layer-2 technology could enhance its relevance for developers and meet modern demands, potentially paving the way for innovative applications and broader adoption. This development is significant as it not only reinforces Bitcoin's position in the market but also addresses the evolving needs of users and developers alike.

Bitcoin is currently consolidating around $113,000, but there's a bearish sentiment in the market that suggests a potential spike in volatility could be on the horizon. This situation is significant for investors as it indicates uncertainty and the possibility of price fluctuations, which could impact trading strategies and investment decisions.

Today, the cryptocurrency market is buzzing with excitement as OG and ASTR tokens see significant surges, while Bitcoin successfully defends its position above $112,000. This is a crucial moment for investors, as the stability of Bitcoin often influences the overall market sentiment. The rise of these altcoins alongside Bitcoin's resilience suggests a growing confidence in the crypto space, potentially attracting more investors and leading to further market developments.

Michael Saylor, co-founder of Strategy, has entered the ongoing discussion about the upcoming changes to the Bitcoin Core protocol, set to take effect in October 2025. He expressed concerns that the removal of certain spam filters could have detrimental effects on Bitcoin, stating that 'the good idea for Bitcoin will destroy Bitcoin.' This debate is significant as it highlights the tensions within the cryptocurrency community regarding protocol changes and their potential impact on the future of Bitcoin.

The REXShares Solana Staking ETF has seen a significant boost with a $27 million inflow, bringing its total assets under management to $306 million. This surge reflects the growing interest in cryptocurrency ETFs and staking, highlighting a positive trend in the market. As more investors look to diversify their portfolios with crypto assets, this ETF's growth is a promising sign for the future of digital finance.

Smart Digital Group has announced an exciting plan to create a diversified cryptocurrency asset pool, which could play a crucial role in stabilizing the markets. This initiative is expected to attract more traditional investors, potentially leading to significant growth in the overall cryptocurrency market. As institutional adoption increases, it may pave the way for a more robust and resilient financial ecosystem.

Bitcoin is currently facing challenges as it hovers around the $113,000 mark, with traders setting new price bottom targets amid fluctuating market conditions. The recent dovish remarks from Fed's Bowman regarding potential rate cuts have not provided much support for bullish traders, highlighting the ongoing uncertainty in the cryptocurrency market. This situation is significant as it reflects the broader economic influences on digital currencies and the cautious sentiment among investors.

Today's crypto news highlights the latest trends and events affecting Bitcoin prices and the broader cryptocurrency landscape, including blockchain developments, DeFi innovations, NFT updates, and regulatory changes. Staying informed is crucial for investors and enthusiasts alike, as these factors can significantly influence market dynamics.

Aster, a new decentralized exchange for on-chain perpetuals founded by former Binance CEO Changpeng Zhao, has achieved a significant milestone by surpassing Hyperliquid in daily trading volume. On September 23, Aster reported over $12 billion in contracts traded in just one day, marking a notable success for the platform. This achievement not only highlights Aster's growing influence in the decentralized finance space but also reflects the increasing interest in on-chain trading solutions.

BlackRock is making waves in the financial world, raking in an impressive $260 million annually from its Bitcoin and Ether ETFs. This significant revenue not only highlights the growing interest in cryptocurrency investments but also positions BlackRock as a leader in the traditional finance sector's adoption of digital assets. As more investors look to diversify their portfolios with cryptocurrencies, BlackRock's success could set a new benchmark for the industry.