Bitcoin (BTC) price experienced a relief rebound on Monday after heavy liquidation of long traders last week. The flagship coin rebounded around 2% during the past 24 hours to trade at about $114,210 during the mid-North American session on September 29.
The altcoin market, led by Ethereum (ETH) and Binance Coin (BNB), rallied in tandem. As such, the total crypto market cap gained 2.1% to hover about $3.94 trillion at press time.
According to a weekly report from CoinShares, Bitcoin’s investment product recorded a net cash outflow of about $719 million last week. The notable outflows last week were exaggerated by the spot BTC ETFs, which recorded a net cash outflow of about $902 million.
However, on Monday, Michael Saylor’s Strategy opened this week with an announcement that it has accumulated 196 BTC for $22 million. Earlier on Monday, Capital B announced its acquisition of 12 BTC, thus increasing its Bitcoin holdings to 2,812 coins.
Bitcoin price partially experienced bullish sentiment fueled by the notable Gold surge on Monday. According to market data from TradingView, the Gold price has rallied over 15% since mid-August to reach a new all-time high of about $3,833 per Ounce at press time.
The notable Gold price surge increased hope for a Bitcoin pump in the near future. Moreover, Bitcoin price is expected to perform well in October based on its historical performance.
According to crypto analyst Benjamin Cowen, the Bitcoin price is likely to continue rising in the coming weeks at the expense of altcoins. However, Bitcoin price in the midterm is likely to experience choppy markets, especially fueled by the $1.6 billion third distribution of FTX on September 30.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Image Source As we come to the end of 2025 and prepare to welcome 2026,…
Franklin Templeton, a global asset manager, and Binance, the world’s leading cryptocurrency exchange, have launched…
While the broader crypto market continues to trade defensively, with major altcoins struggling to regain…
A high-level White House meeting between major banks and crypto leaders over stablecoin reward rules…
Story Highlights The Live Price Of Qtum Is Qtum price could reach a high of…
The crypto market is looking weak as major coins struggle to move higher. Bitcoin and…
