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The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) has historically aligned with major peaks in Bitcoin’s market cycles — a pattern that, if repeated, could imply a longer-than-usual cycle this time around.The correlation between the ISM PMI and Bitcoin’s (BTC) price was first popularized by Real Vision’s Raoul Pal and has since gained traction among macro-focused crypto analysts.“All 3 past Bitcoin cycle tops have broadly aligned with this monthly, oscillating index,” analyst Colin Talks Crypto noted, referencing the recurring overlap between Bitcoin’s market highs and the PMI’s cyclical peaks.If that relationship holds, Colin added, “it would indicate…

Ethereum (ETH) traded near the $3,930 resistance during the European session, holding steady around $3,951.37 with a 24-hour trading volume of $25.6 billion. The world’s second-largest cryptocurrency carries a market capitalization of $476.9 billion, accounting for roughly 17% of the global crypto market cap, underscoring its dominance in the digital asset space.Despite edging 0.06% higher in the last 24 hours, ETH remains constrained below a key resistance zone that has capped gains for most of October. Institutional inflows and spot ETF optimism continue to reinforce long-term confidence, but short-term traders are treading carefully as Ethereum’s price coils within a tightening…

Bitcoin slipped into a tight holding pattern, trading below a clean breakout threshold at 08:00 UTC as buyers and sellers marked out a narrow corridor with clear levels above and below.Session overviewAccording to CoinDesk Research’s technical analysis data model, bitcoin BTC$111,643.68 moved from $111,157 to $111,634 during the 24 hours ending Oct. 25, 08:00 UTC, contained inside a roughly $2,025 (about 1.8%) band. The session’s map set resistance around $111,800–$111,900 and support near $109,800, with no dominant catalyst to force a sustained move.Volume and intraday contextTrading activity peaked at 14:00 UTC on Oct. 24, when volume rose to 23,728 BTC…

A heated debate is anticipated between gold proponent Peter Schiff and Binance co-founder Changpeng “CZ” Zhao, as the two prepare to discuss the merits of Bitcoin versus tokenized gold. Schiff, a longtime critic of Bitcoin (BTC), extended the challenge to CZ in a recent social media post, aiming to evaluate which asset serves better as a store of value, a medium of exchange, and a unit of account, according to CryptoNews. Gold vs Bitcoin: The Debate Schiff, CEO of Euro Pacific Asset Management, has consistently argued against Bitcoin, citing its volatility and speculative nature as major drawbacks. He advocates for…

FTX founder Sam Bankman-Fried’s (SBF) odds of being pardoned by U.S. President Donald Trump rose amongst Polymarket bettors on Thursday following news that he had granted clemency to Binance founder Changpeng ‘CZ’ Zhao, a poll on the decentralized prediction market shows.SBF Sees Pardon Odds Leap on PolymarketAccording to the poll labeled “Who will Trump pardon in 2025,” Bankman-Fried’s odds of being pardoned rose by more than 6% within a 24-hour span.On Thursday morning, Bankman-Fried’s odds of being pardoned held steady at 6%. However, they rose to 12.5% by Thursday night.By Friday afternoon, Bankman-Fried’s odds of being pardoned hovered around 9.7%.FTX…

Bitcoin’s (BTC) long-time whales, once the fiercest champions of self-custody, may be losing some of their grip on the market as more migrate toward the comforts of traditional finance. Earlier this week, a BlackRock executive revealed that several of Bitcoin’s earliest holders are quietly swapping portions of their spot positions for exchange-traded funds (ETFs), gaining access to broader wealth management tools in the process.While ETFs and spot Bitcoin have traditionally served different audiences, onchain data suggests the rise of spot ETFs may be coming at the expense of self-custody. According to analyst Willy Woo, the amount of self-custodied Bitcoin recently…

The rapid advancement of quantum computing technology is raising alarms about its potential implications for Bitcoin (BTC) and other blockchain-based cryptocurrencies, as reported by CoinMarketCap. The surge in quantum stocks, fueled by recent developments, has cast a shadow over the crypto market, highlighting the possible vulnerabilities that quantum computing could exploit. Quantum Computing’s Rising Influence Quantum computing, a field that leverages the principles of quantum mechanics, has recently gained significant attention. On October 23, reports surfaced that the Trump administration was considering taking equity stakes in major quantum computing firms. This announcement, coupled with Google’s recent breakthrough in quantum computing,…

Artificial Intelligence (AI) and High Performance Computer (HPC) mining stocks are rallying pre-market following news of the largest AI infrastructure financing on record, according to Bloomberg. Cipher Mining (CIFR) and IREN (IREN) are both up 7%, while Bitfarms (BITF) has jumped 12%, as investors rotate back into AI-exposed assets after a recent correction. The rebound comes as banks prepare a $38 billion debt sale to fund two major data centers tied to Oracle Corp (ORCL), in what would be the biggest financing ever for AI infrastructure.The debt is split into two senior secured credit facilities: $23.25 billion for a Texas…

White House AI and Crypto Czar David Sacks says he believes the U.S. is in an “excellent position” to pass market structure legislation ahead of the end of the year.David Sacks Expresses Optimism Over Key Crypto BillIn an October 23 X post, Sacks said he believes that the U.S. may be set to pass the long-awaited crypto legislation “with bipartisan support” before the end of 2025.Sacks also noted he had “productive meetings with leading Democratic members” as U.S. lawmakers convened over finding a way to advance the crypto policy forward.“This will finally bring much-needed regulatory clarity to the crypto industry,…

Major hardware crypto wallet providers Ledger and Trezor have both released new wallet iterations, giving users additional options to safeguard their assets through self-custody.Paris-based Ledger introduced its latest device, the Ledger Nano Gen5, on Thursday. In a notable shift, the company has dropped the term “hardware wallet” entirely, now referring to all its devices as “Ledger signers.”Rival hardware wallet company Trezor, based in Prague, also released its Trezor Safe 7 earlier this week, describing the device as its first quantum-ready hardware wallet.As both Ledger and Trezor have been supplying self-custody devices for over a decade, Cointelegraph took a closer look…