News

Early Bitcoin investor Owen Gunden has sold his entire holdings of 11,000 BTC worth $1.3 billion after 14 years of dormancy, as the crypto market faces significant pressure.

The defunct crypto exchange Mt. Gox transferred 10,600 BTC (€1 billion), sparking concerns of a market dump. However, analysts note the move was internal and the extended repayment timeline suggests a slow, controlled process, limiting immediate market impact.

Despite a significant price drop, Solana’s newly launched spot ETFs are attracting consistent capital inflows, raising questions among investors. This trend contrasts sharply with Bitcoin ETFs, which recently saw significant outflows, while SOL’s price faces resistance around the $140 level.

Market analyst Tom Lee argues the recent crypto market slump is not a typical crash but a liquidity crisis among market makers, triggered by the October 10 sell-off. He warns this downward pressure could persist for several more weeks.

BOB (Build on Bitcoin) is now available on Bitvavo, enabling users to leverage Bitcoin in DeFi through a hybrid blockchain that merges Bitcoin’s security with Ethereum’s flexibility.

Crypto analyst Michaël van de Poppe states the current market crash is more severe than the COVID-19 or FTX crashes based on indicator impact. Despite the extreme fear, he sees it as a prime buying opportunity, advising investors to ‘buy the dip’.

A JPMorgan analyst reports that the recent crypto market downturn is primarily driven by retail investors selling spot Bitcoin and Ethereum ETFs, not professional traders. This is happening while these same investors pour record funds into equity ETFs, indicating they view crypto as a distinct asset class.

Strategy, the largest corporate holder of Bitcoin, is facing intense pressure as its stock has plummeted over 40% in a week. The decline, outpacing Bitcoin’s own losses, raises concerns about Michael Saylor’s high-stakes strategy and potential exclusion from major stock indices.

The Amsterdam exchange opened sharply lower with the AEX dropping below 925 points and ASML plunging over 5%. The sell-off, driven by a tech slump on Wall Street and AI bubble fears, also impacted crypto markets.

According to new calculations from ING Research, Dutch households with average energy consumption can expect their energy bills to drop by about 4% in 2026 compared to 2025, driven by lower market prices for gas and electricity.