Crypto News Today, September 30 – Bitcoin Price Above $113K, Ethereum Holds $4,100 and SOL at $208: Best Altcoins to Buy?

In a significant legal victory, a UK court has convicted a Chinese mastermind involved in the largest Bitcoin seizure case to date. This landmark ruling not only highlights the UK's commitment to tackling cryptocurrency-related crime but also sets a precedent for future cases. The seizure, which involved millions in Bitcoin, underscores the growing importance of regulatory measures in the digital currency space. As cryptocurrencies gain popularity, this case serves as a reminder of the need for vigilance against illicit activities.

Bitcoin has shown impressive resilience by maintaining its crucial $108,000 support level despite significant selling pressure from large investors, known as whales, in September. This stability is particularly noteworthy given the fluctuations in trading activity on major exchanges like Binance. The ability of Bitcoin to withstand such challenges suggests a potentially bullish outlook for October, making it an important development for investors and the broader cryptocurrency market.

A dormant Bitcoin wallet has reactivated after more than a decade, transferring around 400 BTC, valued at approximately $44 million, into new addresses. This movement, tracked by blockchain analysts, involved multiple transactions, primarily in batches of 15 BTC. The coins are believed to originate from mining activities nearly 15 years ago, highlighting the long-term nature of cryptocurrency investments and the potential for significant market movements from previously inactive wallets.

Ethereum is experiencing a significant rebound as U.S. spot ETH ETFs saw record inflows of $547 million in a single day, marking the end of a five-day outflow streak. This surge was led by Fidelity's FETH with $202 million and BlackRock's ETHA with $154 million. This positive momentum not only highlights growing investor confidence in Ethereum but also raises questions about the potential for a larger rally in the cryptocurrency market, making it a crucial moment for both investors and the broader financial landscape.

Pavel Durov, the CEO of Telegram, recently shared that his substantial investment in Bitcoin back in 2013 has been a key factor in supporting his lifestyle. He purchased thousands of Bitcoins when they were priced at $700 each, and this decision has proven to be financially beneficial for him. This revelation highlights the potential of cryptocurrency investments and how they can significantly impact personal finances, especially for tech entrepreneurs like Durov.

Cardano (ADA) is currently trading between $0.78 and $0.80, facing resistance around $0.83 to $0.85. Despite this struggle, there's a strong sentiment in the market with a 91% to 95% chance of a U.S. Cardano spot ETF approval expected by late October 2025. This potential approval could significantly impact ADA's price and market stability, especially after a decline in September. Investors are watching closely, as institutional access could lead to a more bullish outlook for Cardano.

Ethereum is showing promising signs of recovery, recently pushing above $4,175 and stabilizing above $4,100. This upward movement suggests that if it can break through the $4,240 resistance, we might see further gains. The formation of a bullish trend line indicates strong support, making it an exciting time for investors. The potential for Ethereum to continue its rally is significant, which could have positive implications for the broader cryptocurrency market.

Bit Digital is making waves in the cryptocurrency market by planning a $100 million offering of convertible notes to purchase Ethereum. This move is significant as it highlights the company's commitment to expanding its digital asset portfolio and capitalizing on the growing popularity of Ethereum. Investors and crypto enthusiasts alike are watching closely, as this could signal a bullish trend for Ethereum and potentially influence market dynamics.

Bitcoin is showing signs of a strong recovery, trading above $114,200 and consolidating gains. With a bullish trend line forming and support at $113,300, there's optimism that it could break through the key resistance level of $114,750. This is significant as it indicates a potential upward momentum for Bitcoin, which could attract more investors and boost market confidence.

The recent success of spot Bitcoin ETFs, which have attracted $518 million in just one day and a staggering $57.3 billion since their inception in January 2024, signals a growing trend of institutional adoption in the cryptocurrency space. This surge in interest from major players like BlackRock highlights the potential for Bitcoin to pave the way for further investments in other blockchain technologies, making it a pivotal moment for the future of digital assets.

A recent letter from the SEC has made waves in the cryptocurrency world, particularly with the introduction of the Doublezero 2Z breakthrough. This development is significant as it could reshape regulations and pave the way for more innovation in the crypto space. Investors and enthusiasts are optimistic about the potential for clearer guidelines that could foster growth and stability in the market.

Exciting news for crypto enthusiasts as Solana spot ETF approvals are rumored to be just around the corner, potentially arriving between October 6-10. This optimism stems from the SEC's recent adoption of new listing standards for crypto exchange-traded products, paving the way for these financial products to hit the market. If approved, this could significantly boost Solana's visibility and investment opportunities, marking a pivotal moment for both the cryptocurrency and the broader financial landscape.

The SEC has put a temporary halt on trading for QMMM Holdings after the stock experienced an astonishing 959% surge in just three weeks, raising concerns about potential manipulation related to crypto treasury activities. This suspension highlights the regulatory scrutiny surrounding the volatile cryptocurrency market and its impact on traditional stocks, signaling to investors the importance of due diligence in such rapidly changing environments.

MEXC Ventures has made a significant move by increasing its investment in Ethena with an additional $30 million commitment to ENA, the protocol's governance token. This brings their total investment in the Ethena ecosystem to $66 million. This expansion not only highlights MEXC's confidence in Ethena's potential but also signals a growing interest in decentralized governance solutions, which could reshape how protocols operate in the blockchain space.

The SEC has taken a significant step by allowing Ripple, Coinbase, and BitGo to qualify as custodians for crypto assets. This decision, highlighted by a no-action letter from the SEC's Division of Investment Management, is crucial as it paves the way for greater institutional involvement in the cryptocurrency market. By recognizing these companies as qualified custodians, the SEC is fostering a more secure environment for crypto investments, which could enhance trust and attract more investors to the space.

In a significant legal victory, a UK court has convicted a Chinese mastermind involved in the largest Bitcoin seizure case to date. This landmark ruling not only highlights the UK's commitment to tackling cryptocurrency-related crime but also sets a precedent for future cases. The seizure, which involved millions in Bitcoin, underscores the growing importance of regulatory measures in the digital currency space. As cryptocurrencies gain popularity, this case serves as a reminder of the need for vigilance against illicit activities.

Rob Hadick from Dragonfly has raised concerns about the SEC's push for tokenized stocks, suggesting that while it may benefit some institutions, it could also create 'leakage' that limits advantages for the wider crypto ecosystem. This discussion is important as it highlights the potential challenges and implications of integrating traditional finance with blockchain technology, which could shape the future of both sectors.

Bitcoin has shown impressive resilience by maintaining its crucial $108,000 support level despite significant selling pressure from large investors, known as whales, in September. This stability is particularly noteworthy given the fluctuations in trading activity on major exchanges like Binance. The ability of Bitcoin to withstand such challenges suggests a potentially bullish outlook for October, making it an important development for investors and the broader cryptocurrency market.