Last week in the cryptocurrency industry was eventful, touching on various aspects of the market—from technological innovations to regulatory changes.
This is reported by Finway
Bitcoin and Market Trends
Throughout the week, Bitcoin exhibited high volatility, trading in the range of $106,000-$114,000. Experts at Galaxy Digital emphasize that despite temporary fluctuations, the cryptocurrency market remains fundamentally strong.
Analysts point out several key trends:
- Crypto analyst PlanB predicts that Bitcoin’s peak may occur between 2026 and 2028
- Standard Chartered expects a short-term price drop below $100,000
- BitMine CEO Tom Lee warns of a possible 50% decline
Key Events of the Week
Among the most notable events are a series of significant news in the crypto world:
- U.S. President Donald Trump pardoned former Binance CEO Changpeng Zhao
- The first spot Solana-ETF will launch in Hong Kong on October 27
- The Polymarket platform confirmed the launch of the POLY token
- Tether reported exceeding 500 million users of USDT
The crypto industry continues to evolve dynamically, demonstrating resilience and potential for further growth.