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The California Department of Financial Protection and Innovation (DFPI) fined Bitcoin ATM operator Coinhub $675,000 for violating the state’s Digital Financial Assets Law by overcharging customers and exceeding transaction limits,

The price of Bitcoin remains persistently below the $110,000 levels as Galaxy keeps offloading BTC

California's Department of Financial Protection and Innovation fined Bitcoin ATM operator Coinhub $675,000 for violating digital assets law.

Bitcoin is sitting on its first true make-or-break support of the cycle, and the market is now in what crypto analyst Dom (@traderview2) calls a “fork in the road.” His message is direct: if Bitcoin cannot stabilize and reclaim key levels quickly, the structure that has defined this entire run breaks for the first time — and he’s positioning for downside. “This is the last chance for Bitcoin to hold this level and to push higher,” he said in a live analysis stream on October 29. “If Bitcoin does not see its footing here over the next week or two, I think that this is going to break down. And I think that we’re going to see the mid to low $90,000s again.” Final Stand For Bitcoin’s Staircase Rally Dom’s base case is not a classic crypto winter. He does not expect an 80% wipeout. Instead, he’s warning that the next few days will decide if Bitcoin can defend the “staircase” structure that has held all cycle. If that breaks, he expects a controlled but persistent retrace — not a collapse, but not continuation either. “I don’t think that we’re going into a year and a half bear market like we always have,” he said. “Those are a thing of the past… unless the world goes into a terrible recession like Great Depression type thing.” The key line he’s watching for Bitcoin is roughly the $111,000–$114,000 region, which he referenced in the context of reclaimed resistance and VWAP levels. “If it doesn’t regain that in a quick timeframe, I think we need to get ready for a larger breakdown and that’s going to be sub $100K,” he said. His first target on breakdown is near $98,500, which lines up with what he called the 12-month rolling VWAP — “our bull market band this entire cycle.” Below that, he’s looking at whether buyers step in aggressively or not at all. That reaction, he says, will decide if $95,000 is a local wipeout and reset, or the start of something worse. The reason he considers this moment “do or die” is that, unlike earlier legs in the cycle, Bitcoin is no longer bouncing instantly from support. Throughout the advance, Dom says, Bitcoin followed a single clean pattern: break a major resistance, retest it once, and explode higher. “Any time that we cleared resistance, we held that as support,” he said. “It’s been a perfect pattern throughout the entire cycle.” Related Reading: Bitcoin Crash To $87,600 Looms If This Support Snaps, Warns Veteran Analyst That behavior has now changed. After the October 10 liquidation event and the brief strength around the Fed decision and China headlines, Bitcoin stalled. It broke above resistance, then just sat there for “four or five months,” failed to expand, and is now losing momentum at the exact same level buyers previously defended with urgency. “Somebody does not believe that this is a discount,” he said. “We’ve had so many bounces at the same price and buyers just aren’t interested. What’s going to get them interested? Logically lower prices.” This is classic auction theory for him. In strong uptrends, the first retest of a key level is bought instantly because participants see it as cheap. Now, he says, order flow shows hesitation, not urgency. That is how tops actually form in crypto: not one dramatic candle, but buyers refusing to defend the same level for the fifth time. He also pointed directly to shallow liquidity on major spot books. On Coinbase, he said, “these order books are empty… nobody’s saving us down here.” He described only thin passive bid interest near $100,000 — “that’s only 170 Bitcoin. That’s really not much” — and heavy active sell pressure on Binance. “People are actively market selling… and we don’t have anyone on the other side to absorb that pressure.” His conclusion: this is exactly the setup that precedes fast air-moves lower if a key level breaks. Related Reading: Bitcoin Records Over $300B Spot Volume In October – Investors Shift Away From Leverage That fragility is not hypothetical. Dom says the October 10 crash already proved how dependent crypto still is on a handful of market makers. “We basically slid through an empty order book,” he said. “It proves how fragile crypto really is… If their risk systems say, ‘Hey, we’re not going to quote this,’ markets are going to crash like they did.” No 80% Crash This Time Still, Dom is not in the “cycle is over forever” camp. He thinks the market has changed structurally and that most traders are still using a 2021 mental model in a 2025 market. He argues Bitcoin is now an institutional instrument, not a purely speculative retail instrument. “This right here has been a very steady staircasing kind of growth,” he said. “The difference… is that this was really pushed because of institutions. I think the institutions were the main driver behind this cycle… ETFs launched and we’ve kind of just staircased our way up.” That slow, controlled advance is why he rejects the idea that Bitcoin will repeat the classic -80% drawdown after topping. He calls the new flow “parked money” — capital from ETFs, corporate treasuries, allocators, and “financial advisors, 401k money,” that is not actively panic-selling every 5% move. “They’re not calling you every other day and saying, ‘Oh, you know, it’s down 5%. Let’s sell it,’” he said. He also pointed out that this cycle barely doubled the old all-time high instead of going vertical, and even printed new highs before the halving. In his view, if the upside blow-off was muted and institutional, the downside is likely to be muted and institutional. At press time, BTC traded at $110,280. Featured image created with DALL.E, chart from TradingView.com

Fold Holdings, the publicly traded Bitcoin financial services company, has partnered with Steak ’n Shake to launch a new promotion that merges fast food with Bitcoin rewards. The campaign , which began on October 31, gives customers $5 in Bitcoin when they order the Bitcoin Burger or Bitcoin Meal at participating Steak ’n Shake locations across the United States. The limited-time offer is available at roughly 400 restaurants nationwide and marks the first time a US restaurant chain has bundled meals with Bitcoin rewards. Customers can claim their $5 in Bitcoin by visiting the BitcoinMealDeal website, uploading their receipt, and redeeming a unique code through the Fold app. Once the app is downloaded and an account is activated, users can receive their Bitcoin instantly and start earning more BTC on future purchases through Fold’s ecosystem. Integrating Bitcoin into everyday use Fold’s partnership with Steak ’n Shake is designed to bring Bitcoin further into everyday life by integrating it with one of America’s classic dining experiences. According to Fold’s Chairman and CEO, Will Reeves, the initiative is “the next step in making Bitcoin part of ordinary spending.” Reeves emphasised that for many customers, this may be the first time they have ever owned Bitcoin (BTC), and it will come from something as simple as buying a burger. The Bitcoin Burger itself captures the spirit of the promotion. The burger’s bun is stamped with the iconic Bitcoin logo, serving as both a visual and symbolic nod to the digital currency’s growing cultural presence. Steak ’n Shake introduced the Bitcoin Burger to celebrate the five-month anniversary of its adoption of Bitcoin payments earlier this year, a move that has already contributed to increased sales and new interest from the crypto community. Notably, this campaign isn’t Fold’s first collaboration with the burger chain. Earlier in 2025, Fold offered Bitcoin rewards to customers who purchased Steak ’n Shake gift cards through its app. Fold, which trades on Nasdaq under the ticker FLD, offers a range of financial products, including a Bitcoin debit card that gives users BTC back on everyday purchases and a new Visa credit card powered by Stripe Issuing that also provides Bitcoin rewards. The firm went public earlier this year through a merger with FTAC Emerald Acquisition Corp. and now maintains a market capitalization near $200 million. Despite its share price declining about 68% year-to-date to around $3.59, Fold’s mission remains clear: to make Bitcoin accessible and useful for everyone. The company holds roughly 1,500 BTC in its treasury and recently secured a $250 million equity purchase facility to support further expansion. Bitcoin has also seen renewed strength recently, rising to $108,737, and the timing of the current promotion taps into that momentum, offering consumers a taste of both nostalgia and the future of finance. As Fold’s Will Reeves put it, “Bitcoin goes mainstream when it starts showing up in everyday life.” The post Fold Holdings partners with Steak ’n Shake, offers $5 Bitcoin reward to customers appeared first on Invezz

Michael Saylor , the chairman of Strategy, explained that the company is not looking to buy other firms that hold Bitcoin BTC on their balance sheets .

Solana’s price fell 1.4% over the week despite surging retail optimism and major institutional developments.

Crypto miners in two Russian regions may soon have their business activity permanently banned, according to the federal government in Moscow. The Siberian territories are next in line to be added to a long list of areas where mining is already prohibited due to allegedly causing electricity shortages. Moscow considers banning mining in Buryatia and Transbaikal Bitcoin mining may be banned year-round in the Russian Republic of Buryatia and Zabaykalsky Krai (Transbaikal), a representative of the Ministry of Energy announced during a meeting in the Federation Council, the upper house of parliament in Russia. Current restrictions there are of seasonal nature and are enforced only during the cold, fall and winter months of the year, when energy consumption peaks, noted Olga Arutyunova, deputy director of the ministry’s Department for the Development of the Electric Power Industry. At the same time, the two administrative units constitute a single territory, when it comes to power generation and distribution, with the adjacent Irkutsk Oblast , in the southern part of which mining has been completely restricted until the spring of 2031. The energy ministry official was speaking during a round-table discussion on the matter. Quoted by Senat Inform, an online publication covering the activities of the legislative chamber, Arutyunova stated: “We are monitoring the situation there. If necessary, we will respond promptly and ban mining, as in the Irkutsk region, for the entire year.” Russia legalized mining in 2024 to exploit its competitive advantages over other mining destinations, in terms of abundant energy resources and cool climates. Both corporate entities and individual entrepreneurs are free to engage in the activity, as long as they register with the Federal Tax Service ( FNS ), including their hardware, and pay due taxes to the state. The mining boom and the high concentration of mining enterprises in parts of the country offering low, often subsidized electricity rates, caused power deficits and frequent breakdowns of the grid. As a result, local authorities in about a dozen Russian regions i nitially imposed temporary and, in some cases, eventually permanent measures to restrict mining, all with the approval of the executive power on the federal level. In July, Russian Minister of Energy Sergey Tsivilyov suggested adopting legislative amendments that will allow other organizations to use some of the generation capacities currently occupied by mining companies. That same month, his department was tasked to prepare regulations that would classify crypto farms as consumers of lesser importance, which can be remotely disconnected from the power grid at any moment distribution networks experience shortages. Not all Russian officials think miners are a nuisance The measures to curb electricity consumption in mining are mostly affecting legitimate, regulated businesses, and they have been complaining that the sudden changes in local regulations are forcing them to move equipment around the vast country. Cryptocurrency miners have developed a bad reputation in the Russian society, according to Anton Gorelkin, first deputy chairman of the Committee on Information Policy, Information Technologies and Communications at the State Duma, the lower house of Russia’s legislature. Speaking at a forum devoted to law in the digital space, and quoted by the business news portal RBC earlier this week, he elaborated: “Despite the big step forward with legalization, the image of miners in the society is very negative. And the task of proving they are needed by the Russian economy lies with the miners themselves.” Meanwhile, the chairman of the energy commission at the State Council, an advisory body to the President of Russia, pointed out that crypto mining makes sense for Russian regions rich in energy resources that cannot be transferred or are unprofitable to transport elsewhere due to their remoteness. Quoted by TASS on Tuesday, Aisen Nikolayev elaborated: “Mining and electricity generation for computing systems are especially relevant for remote areas with local energy resources, but without the possibility of exporting them.” Nikolayev gave an example with Yakutia, or the Republic of Sakha, in the Russian Far East, of which he is the acting governor, noting that coal and gas extracted there can be utilized to power the energy-intensive computing in mining farms and data centers, thus helping develop the local economy. Sign up to Bybit and start trading with $30,050 in welcome gifts

In a move that could redefine the future of finance in Venezuela, Conexus, one of the country’s largest payment processors, responsible for managing nearly 40% of all electronic transfers, has announced plans to integrate Bitcoin and Tether (USDT) into the national banking system...