News

Bitcoin fell 35% after the Fed ended QT in 2019 and began cutting rates, prompting fears that BTC may decline in the coming months.

Bybit’s pause comes as Japan’s FSA considers reforms that could allow banks to hold Bitcoin and operate licensed exchanges.

Ethereum price wobbled as weak onchain activity and low futures demand supported a potential ETH price drop to $3,500.

Bitcoin spot volume spiked after the “Uptober” BTC price dip as traders sought less risky environments, according to new research.

Ethereum transaction fees remain at near all-time lows despite peak network activity that saw daily transactions top 1.6 million for the first time since October’s market crash.

OpenAI is preparing a trillion-dollar IPO in 2026 to fund ChatGPT’s next evolution as global AI competition intensifies, Reuters reported.

Bank Indonesia will issue tokenized government bond–backed digital securities built on its digital rupiah CBDC, calling it the nation’s “stablecoin version.”

Crypto’s transparency reveals market manipulation that traditional finance hides. Century-old laws riddled with loopholes enable unpunished manipulation.

Key Takeaways

• The motion argues that Bitcoin’s unique characteristics distinguish it from other digital assets covered by MiCA. 
•  The party’s MPs requested that the government prepare a comprehensive “strategic statement” outlining Bitcoin’s role as “free, digital money in the 21st century,” 

Germany’s leading opposition party, Alternative for Germany (AfD), has submitted a parliamentary motion urging the federal government to recognize Bitcoin as a “strategic asset” and exempt it from the European Union’s Markets in Crypto-Assets (MiCA) regulation.

Filed on October 23, the motion argues that Bitcoin’s unique characteristics distinguish it from other digital assets covered by MiCA. The AfD claims Bitcoin should not face the same regulatory and tax burdens as crypto tokens issued or controlled by centralized entities.

In the motion, AfD lawmakers emphasised Bitcoin’s attributes as a “decentralized, non-manipulable, and limited-availability digital asset,” arguing that such qualities make it incompatible with MiCA’s framework. “Overregulation of Bitcoin service providers and users in the course of national MiCA implementation jeopardizes Germany’s innovative capacity, financial freedom, and digital sovereignty,” the motion states.

The AfD further demanded tax clarity, urging that the current 12-month holding period for tax-exempt gains on Bitcoin be maintained. It also proposed that private Bitcoin mining and the operation of Lightning nodes not be classified as commercial activities.

“The German government has so far failed to strategically recognize Bitcoin, for example as a technology for energy integration or, in times of increasing monetary instability, as an asset held within the framework of currency reserves,” the group noted.

In addition, the party’s MPs requested that the government prepare a comprehensive “strategic statement” outlining Bitcoin’s role as “free, digital money in the 21st century,” focusing on its technological, energy, and monetary policy implications.Last year in June, the German government reportedly sold nearly 50,000 BTC that was seized by law enforcement from past criminal cases. 

The latest development comes amid several other EU countries pondering over potentially introducing a bitcoin reserve. Earlier this week, Union of the Right for the Republic party led by Éric Ciotti in the French Parliament reportedly introduced a bill to establish a strategic Bitcoin reserve. The proposed bill consists of a plan to accumulate 2% of the total Bitcoin supply, amounting to approximately 420,000 BTC within the next 7-8 years.

Bitcoin is trading near $113,873, down from intraday highs near $115,000. The crypto market is showing signs of consolidation amid macro uncertainty and upcoming policy events.

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Bitcoin Next Target

• Price: $113,873
• Circulating Supply: 19.9 million BTC
• Max / Total Supply: 21 million BTC
• Market Cap & 24-Hour Trading Volume: Not precisely specified in available data

Eyes on the breakout/breakdown.

Key Indicators & Market Signals

• Bitcoin remains below resistance near $115,000; a breakout above this level could reignite the uptrend.
• Key support is near $110,000; failure to hold could open a path toward $108,000–$105,000.
• Broader market sentiment is cautious due to an upcoming Federal Reserve policy decision and uncertainty around macro dynamics.
• Technical signals suggest the move is more of a consolidation than a clear trend reversal.

Latest News Highlights

• Bitcoin’s attempt to hold above $116,000 failed, leading to a pull-back as sellers regained control.
• Traders appear to be “sitting on stablecoins,” waiting for clearer signals from macro events before committing to larger positions.
• The rebound earlier this week stemmed from hopes of rate cuts and trade-related optimism, but momentum has now stalled.

Summary

Bitcoin sits at $113,873, contained between support near $110,000 and resistance around $115,000. A break above the upper band could drive the price toward $120,000+, while a drop below support may lead toward $105,000–$108,000.

With institutional flows still in place yet macro risks rising, BTC’s near-term movement is likely to be shaped by external catalysts and trader sentiment.

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