Goldman Sachs once called Bitcoin a foam, but now it has launched Bitcoin ETF

HyperCore transferred 447800 HYPEs worth approximately $39.56 million to Kinetiq.

Kalshi predicts that the implied probability of Bitcoin reaching $100000 in the market by 2026 will drop to 34%, which had previously reached 46% on September 23. After Bitcoin fell below $83000, the probability of the contract falling back. The probability of Polymarket pricing Bitcoin at $100000 before December 31, 2026 is 34.5%, and the probability of reaching that level before March 31, 2027 is 50.5%. (Source: Bitcoin.com News)

Wintermute stated that the 10-year US Treasury yield exceeding 5% did not trigger safe haven sentiment, with cryptocurrency assets leading the gains. Brent crude oil prices are close to $103 per barrel, and if oil prices remain around or above $100 per barrel, market expectations for a rate hike in October will remain high. The BTC weekly line has reached the 50 week moving average for the first time, with $82500 as the key observation level. If it stabilizes, it will consolidate the breakthrough foundation, otherwise falling below it will affect the effectiveness of the breakthrough. The proportion of BTC market is increasing, and institutional option trading is increasing with year-end call allocation.

On September 29th, the Iranian currency Riyal fell to a historic low, with the exchange rate in the Tehran trading market at over 2.5 million Riyals per US dollar. On September 2nd, the Rial reached a record low of 2.2 million Rials per US dollar. Iranian diplomats have stated that indirect negotiations between Iran and the United States aimed at reopening the Strait of Hormuz have become more serious. General Hussein Mohibi, the chief spokesperson of the Islamic Revolutionary Guard Corps of Iran, called on the American people to take to the streets to protest the conflict.

Goldman Sachs once called Bitcoin a foam and compared it to tulip mania. Now Goldman Sachs has launched Bitcoin ETF and said that customers have relevant needs. （The Bitcoin Historian）