
Bitcoin (BTC) News: Surges to Two-Month High Above $119K, Options Look Cheap CoinDesk
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Bitcoin’s price rising above $119,000 is a big deal. It affects more than just investors. Startups and unbanked populations could be impacted too. Let’s break down what this all means.
Why is Bitcoin’s price going up? The answer lies largely in increased institutional investment. Big names like MicroStrategy and BlackRock have jumped on the bandwagon, creating a lot of excitement in the market. MicroStrategy has bought a ton of Bitcoin under the leadership of Michael Saylor. They’ve now amassed over 582,000 BTC, making them one of the biggest corporate holders of Bitcoin. The introduction of spot ETFs has also made it easier for institutions to buy Bitcoin, increasing demand while the supply remains limited. Analysts believe that if institutional demand continues to outpace the daily mining output of around 450 BTC, we could see a supply shock that pushes Bitcoin’s price even higher.
Will institutional investment make Bitcoin less volatile? In theory, it might, but the reality is different. While larger trades could add some liquidity to the market, they also could increase volatility. Major trades by institutional investors can lead to sudden price swings. Those large movements could create unpredictable market conditions, especially if funds suddenly enter or exit the market. Additionally, if liquidity becomes scarce during market downturns, it could lead to forced liquidations that further increase volatility. Most institutional crypto investors—91%—are worried that this volatility could destabilize the market.
Yes, there are risks involved with institutional investment in Bitcoin. The biggest concern is the increased volatility that comes from large trades. Then there’s the liquidity issue; institutions could find it hard to sell Bitcoin during market downturns, forcing them to liquidate at unfavorable prices. There’s also reputational risk due to regulatory uncertainties surrounding Bitcoin. If custodians or counterparties fail during chaotic market conditions, it could lead to significant financial loss. This all highlights the importance of having good risk management strategies in place.
Can fintech startups take advantage of Bitcoin’s rise for payroll integration? Absolutely. Startups in Asia are well-positioned to adopt Bitcoin for crypto payroll solutions. By using blockchain-based systems, these companies can make fast, low-cost, and borderless salary payments using Bitcoin and other cryptocurrencies. This not only makes payment processes smooth but also attracts talent looking for innovative ways to get paid. Strategies to consider include smart contracts for payroll automation, partnerships with crypto payroll solution providers, and utilizing Bitcoin treasury management services for better asset management. The demand for crypto salaries is growing, especially in places experiencing inflation. Startups that jump on this trend could gain an advantage.
What are the challenges faced by SMEs in Europe regarding Bitcoin? Regulatory hurdles, especially with the EU Markets in Crypto-Assets (MiCA) regulation, are significant. This regulation is aimed at harmonizing crypto-asset regulations among EU member states, but many SMEs are struggling to comply with the complex rules. Obtaining the necessary licenses and meeting the AML/KYC requirements can be overwhelming. There is a transitional period for compliance, but national enforcement variations can complicate things further. As institutional investment in Bitcoin surges, SMEs will need to enhance their compliance strategies, which can consume valuable resources.
How can Bitcoin enhance financial inclusion for the unbanked? Bitcoin’s price increase could help more people gain access to financial services. With 1.7 billion people globally unbanked, Bitcoin provides a way to store wealth and participate in the economy. Its decentralized nature supports peer-to-peer transactions without the need for middlemen, lowering entry barriers for marginalized groups. Mobile technology combined with cryptocurrency makes access easier, opening the door for faster and cheaper transactions. As Bitcoin becomes more credible, it could empower the unbanked, allowing them to achieve economic independence and equality.
Bitcoin’s surge to $119,000 is more than a price jump. It’s a pivotal moment that could impact investors, startups, and unbanked populations. Institutional investment brings both promise and risk, but the potential for innovation in fintech and financial inclusion is significant. As the situation evolves, stakeholders must navigate regulations, volatility, and market forces to fully realize Bitcoin’s potential in the financial landscape.
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Written by
Ananda Banerjee
Edited by
Harsh Notariya
Pi Coin has lost almost 60% in the past year and about 5% in the past week. Normally, its price keeps sliding day after day, often finding new lows. Today was different.
The PI token stayed flat, holding near $0.36. For Pi Coin, which usually bleeds lower, simply standing still is unusual. A short-term bullish crossover kept it from falling again, but deeper trends may matter more.
On the 1-hour chart, PI showed a bullish crossover when the 20 EMA, or Exponential Moving Average, moved above the 50 EMA. This pushed the price up to about $0.37, helping it hold ground through the last session.
An Exponential Moving Average (EMA) tracks price by giving more weight to recent moves. A bullish crossover happens when a shorter EMA climbs above a longer EMA, often seen as an early sign of buyer strength.
This is not the first time it has happened. On August 20, a similar crossover lifted PI from $0.35 to $0.37. The bounce lasted only briefly. Prices slipped back soon after. The pattern shows that short-term crossovers can spark bursts, but they have not changed the larger trend for Pi Coin.
That is why today’s move, while helpful, may not be enough on its own. For a better view, we need to look deeper.
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
The 12-hour Pi Coin price chart reveals a deeper trend. On August 20, PI touched $0.3739, and on August 22, it peaked at $0.3712. These are lower highs in price.
In the same period, the RSI made higher highs. This is called a bullish divergence, meaning sellers pushed prices down, but buyers quietly gained strength.
For Pi Coin, this is unusual. The token has spent much of the year making new lows. The divergence on a slightly longer timeframe shows that buyers may finally be resisting the pressure. And this trend means that the 1-hour crossover, encountered earlier, might hold more weight now.
The Relative Strength Index (RSI) measures momentum on a scale of 0 to 100. A bullish divergence happens when the price makes lower highs, but the RSI makes higher highs, suggesting buyers are quietly gaining ground.
For the bullish case to hold, PI must clear $0.37 and then $0.38 on the 12-hour chart. The stronger confirmation sits at $0.40. A breakout above this level would show real strength, beyond short-term crossovers.
The bull–bear pattern adds to the bullish view. Bear momentum weakened after August 20. Sellers tried to extend losses, but pressure dropped on August 21 and August 22. At the same time, sentiment improved with the launch of the PI/USDC pair on OKX, which gave buyers a reason to step in.
If the price falls back under $0.33, the setup weakens. Invalidation below that level would likely lead to new lows, which Pi Coin has often shown before.
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Leading cryptocurrencies jumped alongside stocks on Wednesday, as investors looked past government shutdown concerns.
Bitcoin soared to an intraday high of $119,453.67, reaching levels not seen since the mid-August rally. Trading volume spiked 31% to $76 billion.
Similarly, Ethereum broke past the $4,000 support barrier, reaching intraday highs of $4,381.41.
Historically, October has been a bullish month for the market, with Bitcoin and Ethereum gaining an average of 20% and 4.74%, respectively, leading many to dub it as "Uptober."
Meanwhile, cryptocurrency liquidations hit $580 million in the last 24 hours, with bearish short traders facing the brunt of the losses.
Bitcoin’s open interest popped 6.13% in the last 24 hours, while funds locked in Ethereum derivatives also jumped 5.68%.
"Greed" sentiment returned to the cryptocurrency market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization rose to $4.05 trillion, marking a sharp increase of 3.69% in the last 24 hours.
Stocks ended in the green on Wednesday. The Dow Jones Industrial Average gained 43.21 points, or 0.09%, to finish at 46,441.10. The S&P 500 closed up 0.34% at 6,711.20, setting a record closing high, while the tech-focused Nasdaq Composite lifted 0.42% to end at 22,755.16.
This marked a significant reversal from the lag in stock futures on Tuesday overnight following the federal government shutdown.
According to Goldman Sachs economists, the shutdown is likely to result in the furlough of nearly 900,000 federal employees, or roughly 40% of the workforce, resulting in delayed paychecks and disrupted services.
The shutdown halts the release of crucial economic data, including the monthly jobs report and inflation figures from the Bureau of Labor Statistics.
On-chain analytics firm CryptoQuant highlighted that Bitcoin has reclaimed the Trader's Realized Price at $116,000.
"This shift puts BTC back in the BULL phase of the cycle indicator. From here, Q4 targets expand toward $160,000–$200,000," CryptoQuant added.
For the curious, Realized Price is a metric representing the average price at which all units of a cryptocurrency were last moved or purchased.
Widely followed cryptocurrency analyst Cas Abbé stated that Ethereum was nearing the conclusion of its Wyckoff accumulation phase, in which institutional investors buy assets at low prices during a downturn.
"This is the phase where a parabolic run happens," Abbé added. "IMO, ETH will make a strong support around $4,000 level and then pull a 80%-100% rally in 6-8 weeks."
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The Florida Lottery offers several draw games for those hoping to win one of the available jackpots. Here’s a look at the winning numbers for games played on Wednesday, Oct. 1, 2025
08-17-22-28-55, Powerball: 14, Power Play: 3
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Evening: 1-4-8-4, FB: 9
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Midday: 7-8-0-0-2, FB: 4
Evening: 9-3-5-2-4, FB: 9
Check Pick 5 payouts and previous drawings here.
Tickets can be purchased in person at any authorized retailer throughout Florida, including gas stations, convenience stores and grocery stores. To find a retailer near you, go to Find Florida Lottery Retailers.
Feeling lucky? Explore the latest lottery news & results
You also can claim your winnings by mail if the prize is $250,000 or less. Mail your ticket to the Florida Lottery with the required documentation.
If you’re a winner, Florida law mandates the following information is public record:
This results page was generated automatically using information from TinBu and a template written and reviewed by a Florida digital producer. You can send feedback using this form.

Hold onto your hats, because the collaboration between Ripple and SWIFT is not just another tech merger; it’s a seismic shift poised to redefine the world of finance as we know it. Here, in this ripe moment of convergence, is where traditional banking meets cutting-edge blockchain solutions, thrusting XRP to the forefront of international transactions. With the pioneering efforts of partners like PaymentSafe, the vision of cryptocurrency as a robust player in global finance is rapidly crystallizing.
Why is Ripple’s technology creating such a stir in financial circles? It’s simple: Ripple’s blockchain not only amplifies transaction speeds but also slashes the costs associated with cross-border payments. By enabling seamless transfers between diverse currencies, Ripple establishes itself as a game-changer in the modernization of archaic banking frameworks. The recent surge of interest in Ripple’s partnership with SWIFT highlights a notable pivot in the attitudes of traditional financial institutions toward digital currencies. These entities are beginning to recognize the advantages of Ripple’s distributed ledger technology as a compelling alternative to conventional systems, long dominated by SWIFT.
Enter the PaymentSafe platform, a vital conduit weaving together the realms of Ripple’s blockchain and entrenched financial networks. With its commitment to ISO 20022 compliance, PaymentSafe serves as an essential translator of payment formats, striving to enhance transactions across various platforms. This integration heralds a new era of Straight-Through Processing (STP) for financial institutions, boosting efficiency while meticulously adhering to established financial norms. In this evolving context, PaymentSafe positions XRP to potentially emerge as a principal bridge currency, especially in the realm of cross-border transactions.
The narrative surrounding XRP is swiftly morphing, with proponents advocating for its emergence as a key bridge currency in global settlements. As financial institutions align more closely with ISO 20022 standards, the role of XRP becomes ever more pivotal, signaling a broader acceptance of digital assets within traditional banking mechanisms. Unlike the torturous days-long delays characteristic of SWIFT, XRP transactions can be executed in mere seconds, indicating a profound evolution in the fabric of global finance.
Yet, amid the excitement surrounding Ripple’s and SWIFT’s collaboration, smaller Web3 startups in the U.S. are grappling with significant challenges. While the larger banking institutions bask in the benefits of these advancements, their smaller counterparts often find themselves ensnared by the complexities of compliance requirements and restricted access to traditional banking services. These hurdles pose considerable challenges for nascent firms aspiring to fully capitalize on the opportunities presented by Ripple and PaymentSafe’s innovations.
For decentralized autonomous organizations (DAOs) and crypto agencies, the landscape is fraught with the need for diligent regulatory compliance when engaging with third-party payment platforms. The convergence of blockchain solutions with traditional systems like SWIFT introduces intricate complexities. Organizations prioritizing compliance must navigate the delicate balance between the advantages of this integration and the inherent risks associated with counterparty obligations.
As the synergy between Ripple and SWIFT deepens, we are on the verge of a drastic metamorphosis in the financial sector toward integrating digital assets. However, even with the promising long-term prospects for XRP as a settlement asset, we must remain cautiously aware of the legitimate concerns surrounding legal and operational risks. The pressing question arises: Are these advancements practical solutions for everyday financial transactions, particularly for smaller Web3 ventures and offshore entities?
The merger of Ripple with SWIFT, facilitated by platforms like PaymentSafe, marks a pivotal moment in financial history, signaling the dawn of an era where traditional banking and blockchain converge harmoniously. As XRP garners recognition as a plausible bridge currency for international payments, the challenges accompanying smaller firms and decentralized organizations are pressing issues that demand attention. Effectively navigating these complexities will be vital for all stakeholders eager to harness the full potential of financial technology innovations offered by blockchain systems.
As XRP finds its footing within this transformative landscape, the prospects of cryptocurrencies reshaping the foundation of global finance loom ever closer. With eager anticipation, the world watches to see how these unprecedented shifts will unfold.
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The partnership between Ripple and SWIFT transforms cross-border payments, setting XRP as a bridge currency, and enhancing financial technologies through PaymentSafe's integration.
Bitcoin's rise to $119,000 reshapes investment landscapes, offering insights into institutional risks, fintech innovations, and financial inclusion for the unbanked.
Coinbase's integration of the 1inch API revolutionizes crypto trading by enhancing liquidity access and user experience, paving the way for decentralized finance.
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This results page was generated automatically using information from TinBu and a template written and reviewed by a Great Falls Tribune editor. You can send feedback using this form.