Bitcoin’s Uptober Streak at Risk Despite $125K Surge

Bitcoin’s historic October winning streak faces uncertainty despite briefly surpassing $125,000 in early October 2025. On-chain data reveals long-term holders have sold approximately 810,000 BTC since July, creating sustained selling pressure that threatens to break the cryptocurrency’s six-year ‘Uptober’ tradition. Analysts warn that failure to reclaim key support levels could deepen the current correction phase, even as the market shows signs of maturity in handling volatility shocks.

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Dorsey & Lummis Push Bitcoin Tax Exemption Revival

Block founder Jack Dorsey has reignited the push for a de minimis tax exemption on small Bitcoin transactions, prompting Senator Cynthia Lummis to confirm she’s working on reviving the failed legislative effort. The proposal would exempt everyday crypto purchases under a few hundred dollars from capital gains reporting requirements, addressing current IRS treatment that creates significant burdens for merchants and consumers. This comes after similar amendments failed to make it into Trump’s reconciliation bill in July due to timing constraints, setting the stage for renewed legislative action.

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Ethereum Sees Historic Accumulation Despite Market Sell-Off

Ethereum experienced a sharp decline below $3,900 amid broader crypto market sell-offs driven by macroeconomic worries. Despite the price drop, on-chain data reveals historic accumulation by long-term holders, with nearly 400,000 ETH flowing into accumulator wallets in a single day. Market experts suggest this could signal underlying strength and potential for recovery.

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Ethereum’s Trading Stagnation: Binance Activity Slows

Ethereum’s trading activity on Binance has entered a period of unusual calm in September, marked by declining leveraged speculation and weak spot volumes. The market shows neutrality with a slight tilt toward spot dominance, reflecting reduced investor enthusiasm. Analysts suggest Ethereum needs to break $5,000 to escape its current sideways drift.

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Ethereum’s Binance Trading Slows: Neutral but Nervous Market

Ethereum’s trading activity on Binance has entered a period of unusual calm in September, marked by declining leveraged speculation and weak spot volumes. The market shows neutrality between spot and perpetual trading but reflects underlying investor hesitation. Analysts suggest Ethereum needs to break above $5,000 to escape potential sideways movement into December.

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Cryptocurrency Market Faces Extreme Fear as Bitcoin and Ethereum Recover Slightly

Leading cryptocurrencies, including Bitcoin and Ethereum, saw a slight recovery after significant losses, despite the market entering “Extreme Fear” territory. Bitcoin dropped to an intraday low of $86,008.23, while Ethereum fell below $2,339 before rebounding. Analysts warn that if Bitcoin closes below $89,233, further declines could follow, suggesting caution for potential buyers.

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