Tag: cryptocurrencies

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Crypto Market Faces Turbulence as Fed Rate Cut Sparks Sell-off

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The post Crypto Market Faces Turbulence as Fed Rate Cut Sparks Sell-off appeared com. Alvin Lang Oct 31, 2025 19: 03 The cryptocurrency market experiences a significant downturn following a Federal Reserve rate cut, with Bitcoin and Ethereum prices plunging and market liquidations rising. The cryptocurrency market is experiencing a significant downturn, with Bitcoin (BTC) and Ethereum (ETH) prices plummeting, according to CoinMarketCap. This market turbulence follows a recent interest rate cut by the Federal Reserve, which has led to increased market volatility and substantial liquidations. Impact of Federal Reserve’s Rate Cut The Federal Reserve’s decision to cut interest rates by 0. 25% to a range of 3. 75% to 4. 0% has triggered a bearish sentiment in the crypto market. The move, seen as hawkish by market participants, has resulted in a sharp decline in cryptocurrency prices. Bitcoin’s price fell to $108,000, while Ethereum slipped below $4,000. The overall market capitalization of cryptocurrencies saw a 4% decrease, dropping to $3. 64 trillion. Surge in Market Liquidations The volatility has led to a significant increase in market liquidations, which jumped by 130% to over $1. 3 billion. This surge in liquidations reflects the heightened uncertainty and fear among investors, as indicated by the Fear and Greed Index moving into the fear zone with a reading of 34. Market Reaction and Future Outlook Investors are closely monitoring the situation as the Federal Reserve’s actions continue to influence market dynamics. The unexpected rate cut has led to a reassessment of risk, prompting widespread sell-offs across the crypto market. Analysts suggest that market participants should brace for continued volatility as the full impact of the Federal Reserve’s policy changes unfolds. For more insights on the current market situation, visit the CoinMarketCap. Image source: Shutterstock Source:.

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Bitplanet Launches $40M Bitcoin Accumulation Plan Amid Corporate Rebrand

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The post Bitplanet Launches $40M Bitcocom. Bitcoin In a move that signals the start of a new era for South Korean finance, Bitplanet has become the country’s first publicly traded firm to add Bitcoin to its corporate reserves. The company confirmed the purchase of 93 BTC, marking the opening stage of a far larger plan to integrate Bitcoin into its treasury operations. The acquisition, valued in the millions, is only the first step in what the firm describes as an “ongoing daily accumulation program”-a strategy that will eventually see Bitplanet holding up to 10, 000 BTC. The plan is being supported by Metaplanet CEO Simon Gerovich and Sora Ventures, both known for their work in institutional crypto expansion. From Cybersecurity Roots to Digital Treasury Pioneer Bitplanet’s transformation is striking. Once known as SGA Co., a company specializing in cybersecurity and IT infrastructure, it has now rebranded and shifted its focus toward building a Bitcoin-focused financial model. The firm says this evolution is part of a long-term vision to modernize its corporate structure and adapt to the realities of a digital economy. For the past month, @Bitplanet_KR has been quietly building the most reliable and compliant Bitcoin treasury infrastructure in Korea culminating in becoming the first public company to purchase Bitcoin directly through a licensed domestic crypto exchange. As of October 26,. pic. twitter. com/hEmpvh9fUL Bitplanet Inc. (@Bitplanet_KR) October 26, 2025 According to Co-CEO Paul Lee, the transition was not a sudden pivot but a carefully executed strategy built on transparency and risk control. “Our treasury plan operates under the same financial oversight expected of any listed company,” he said, adding that all transactions are conducted through systems monitored by the Financial Services Commission (FSC). Lee also revealed that the company had already begun its purchasing phase quietly, testing operational systems and reporting mechanisms for two weeks before.

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What happens if you don’t pay taxes on your crypto holdings?

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Skipping crypto taxes can trigger hefty fines and legal issues. Find out what really happens if you fail to report or pay taxes on your holdings. Tax authorities like the IRS, HMRC and ATO classify crypto as a capital asset, meaning that sales, trades and even swaps are considered taxable events. Tax authorities worldwide are coordinating through frameworks like the FATF and the OECD’s CARF to track transactions, even across borders and privacy coins. Authorities use blockchain analytics firms like Chainalysis to link wallet addresses with real identities, tracking even complex DeFi and cross-chain transactions. Read more.

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Japan sees launch of its first yen-backed stablecoin JPYC

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JPYC President Noriyoshi Okabe said that the stablecoin has already garnered interest from seven companies that are looking to incorporate it into their services. Tokyo-based fintech firm JPYC has launched Japan’s first yen-backed stablecoin along with a platform to issue the new coin, amid a growing global race to corner the growing market. The Japanese yen stablecoin JPYC went live on Monday and is backed one-to-one by bank deposits and government bonds, and also has a 1: 1 exchange rate with the yen, the company said on Friday. At a press conference in Tokyo, JPYC President Noriyoshi Okabe said the stablecoin from his company is a “major milestone in the history of Japanese currency,” and has also attracted interest from seven companies planning to incorporate it, according to a report from Business Insider Japan. Read more.

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Javier Milei’s crypto-friendly party wins Argentine midterm

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Argentina’s La Libertad Avanza party, led by President Javier Milei, has won the midterms, positioning Milei as the frontrunner for the 2027 elections. Argentine President Javier Milei’s crypto-friendly party has won the midterm election, positioning him as a leading contender for the October 2027 presidential race and bolstering his continued push for free-market policies. Milei’s La Libertad Avanza party obtained 40. 68% of nearly 99% of votes counted to secure the victory over the Peronist party, according to local news outlet La Nacion. That included a win in the Buenos Aires province, which has historically favored the Peronist party. The results flip the script from September, when Milei’s party lost the Buenos Aires provincial election to the Peronist party in a lopsided outcome. Perhaps the most notable development since then has been Argentina’s $20 billion currency swap with the US strengthening economic ties with one of its biggest allies despite domestic uncertainty. Read more.

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Russia’s Finance Ministry and Central Bank Agree to Allow Crypto for Global Settlements

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After years of hesitation, Russia is taking a cautious yet significant step toward recognizing cryptocurrency, but only for international trade. On Tuesday, Finance Minister Anton Siluanov confirmed that Russia’s Finance Ministry and the Central Bank of Russia (CBR) have reached an agreement to legalize digital assets for cross-border transactions. Visit Website.

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Bitcoin Price Falls To $103,000: Is This The End Of The Bull Run Or A Prequel To The Next Surge?

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On Friday, the Bitcoin price experienced another flash crash, dipping toward $103,000 from $109,300. While not as alarming as the sharp decline seen on October 10, this latest downturn has ignited fresh speculation regarding the cryptocurrency’s future trajectory. A Temporary Setback? Comparisons are being made to past market crash events, such as the COVID crash in 2020 and the downturn in May 2021. However, market expert VirtualBacon emphasizes that the current situation is fundamentally different. The expert noted that in 2020, a widespread collapse affected various assets, including stocks, gold, and Bitcoin. By 2021, Bitcoin was already in a downtrend. In contrast, today, while the Bitcoin price has faced challenges, stocks and gold are holding steady or even rising. He believes that the recent struggles in the crypto market appear to stem from a unique credit event rather than a broader macroeconomic meltdown, as excessive leverage was wiped out in the process. Related Reading: October 10th Crypto Crash: Expert Foresees New Wave Of Lawsuits Against ‘Manipulators’ Despite the recent volatility, VirtualBacon highlights that Bitcoin’s underlying structure remains healthy. The cryptocurrency recently touched the 20-week moving average and bounced back. Moreover, the 50-week simple moving average, which resides around $102,000, has yet to be breached, even amidst this latest drop. According to VirtualBacon’s analysis, until the Bitcoin price closes below the $100,000 mark, this downturn should be viewed as a correction within an ongoing bull market rather than a definitive top. Is The Bitcoin Price Poised For A Recovery? Seasonality also plays a role in these trends: October typically sees chop, with altcoins lagging behind Bitcoin, while November and December are often characterized by altcoin rallies. Despite the recent flush, VirtualBacon asserted that the market dynamics have not fundamentally changed; it may have even accelerated a reset in sentiment, clearing out leverage to return to cycle lows. Meanwhile, macroeconomic factors are quietly turning bullish. Recent forecasts indicate that two rate cuts are now priced in at 96% for the upcoming Federal Open Market Committee (FOMC) meetings on October 28-29 and December 9-10. Related Reading: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds VirtualBacon outlines a clear plan moving forward: Bitcoin is expected to consolidate between $110,000 and $125,000. A break above the $125,000 to $130,000 range could signal the start of a new altcoin season. Contrastingly, some experts, such as Doctor Profit, express a more pessimistic outlook for the Bitcoin price. He has consistently argued that the crypto prices are merely in the early stages of a bear market, which often begins with a series of false pumps followed by sharp declines, a pattern that aligns with the events of last week. It remains to be seen which direction the Bitcoin price will take next. For now, the cryptocurrency has recovered slightly from Friday’s drop to around $106,620. Featured image from DALL-E, chart from TradingView. com.