Happy Tuesday!

BTC is finally rebounding today and has reclaimed $113,000 with strength: is this the long-awaited rotation out of gold into Bitcoin?

BitMine has bought another 200,000 ETH and BMNR is looking to break out beyond $54 — what’s going on?

Plus, if you want to see live how to make the most of the upcoming CPI release and earnings season acceleration as volatility ramps up, check out tomorrow’s webinar.

TOP STORY

Bitcoin Rebounds To $113,000, ETH, XRP Up Over 2% As Gold Dips

Bitcoin, Ethereum and XRP are up over 2% on Tuesday as a rotation out of metals may signal renewed institutional appetite for crypto markets.

Bitcoin is up 2.3% in the last 24 hours, reclaiming the $113,000 mark.

The rebound followed a defense of support around $109,500, aligned with the 0.236 Fibonacci retracement and the 100-day EMA, confirming near-term stability after last week’s correction.

Read the full scoop here.

SPECIAL OFFER

Matt Maley’s Plan To Trade CPI Volatility And Earnings Swings

As the CPI release approaches and earnings season accelerates, volatility is ramping up across equities, including metals and tech. On Wednesday, October 22, at 6 p.m. ET, Benzinga’s Chief Market Strategist Matt Maley will break down how he is positioning for the week ahead, including the sectors he believes could rotate and the tactical trades designed to capture both sides of the move.

Watch the Strategy Live

QUICK N DIRTY

Coinbase has closed another big acquisition, this time buying a crypto funding company for $375 million: here are the details.

XRP has hit a 9-month sentiment low, but that may actually be an opportunity: here’s why.

Shiba Inu is burning tokens at a 1,000% rate per day, but the price of SHIB refuses to go up: why is that?

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FINTECH FOCUS

BMNR Eyes Breakout Above $54 As BitMine Buys Over 200,000 ETH

BitMine Immersion Technologies Inc. on Monday announced that its cryptocurrency and cash holdings have reached $13.4 billion, including 3.24 million Ethereum tokens worth $13 billion.

The company disclosed that its holdings now include 3,236,014 ETH valued at $4,022 each, 192 Bitcoin, $219 million in cash and a $119 million equity stake in Eightco Holdings.

This positions BitMine as the world’s largest ETH treasury and second-largest overall crypto treasury after Strategy Inc.

BitMine’s Ethereum holdings represent roughly 2.7% of the total ETH supply, moving the firm past the halfway mark toward its goal of controlling 5%.

Read the full scoop here.

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