Bitcoin hits new ‘all-time high’ as Square announces payments & wallets solution

Key Takeaways

Why is that this essential information?

The launch of Sq. for Bitcoin funds marks a serious step in Jack Dorsey’s years-long push to take the cryptocurrency mainstream.

How are Bitcoin traders taking the information?

Information pointed to rising accumulation amongst traders, with constructive ETF inflows additionally seen.

Sq. is within the information in the present day after unveiling its first totally built-in Bitcoin [BTC] funds and pockets system. This permits small companies to simply accept BTC instantly at checkout. This transfer marks an essential milestone in Jack Dorsey’s long-term imaginative and prescient for Bitcoin.

The brand new Sq. Bitcoin suite, announced On October 8, retailers will have the ability to settle for Bitcoin funds with out processing charges for a yr. It can routinely convert the gross sales into BTC and maintain or report BTC in Sq.’s dashboard.

It builds on Block’s broader dedication to Bitcoin – a dedication that started years in the past with Money App’s BTC integration and Dorsey’s constant effort to make Bitcoin the “web’s personal forex.”

By integrating Bitcoin funds with on a regular basis enterprise instruments, Sq. goals to show BTC into usable enterprise capital. As an alternative of only a speculative retailer of worth.

The influx of ETFs underlines institutional confidence

The timing of this replace is price mentioning right here. Particularly since it’s because Bitcoin Spot ETFs are recording seven consecutive days of inflows – greater than $5.3 billion within the final seven days.

The most recent surge has introduced complete BTC ETF property below administration to $164.9 billion – an indication of continued institutional urge for food.

Supply: Sosowaarde

Collectively, Sq.’s real-world integration and rising ETF inflows reveal Bitcoin’s rising maturity, from a retail asset to an asset worthy of an institutional and industrial infrastructure.

Mid-market traders are quietly accumulating

Lastly, on-chain information from Glassnode revealed that addresses holding between 100 and 1,000 BTC (Shark wallets) just lately rose to an all-time excessive.

They now personal over 5.1 million BTC. This mid-market cohort, which frequently contains smaller establishments and crypto funds, has been rising steadily because the center of the second quarter of 2025.

Supply: Glassnode

Traditionally, such accumulation phases have preceded main value will increase – a sample final seen earlier than Bitcoin’s 2020-2021 rally.

Brief-term cooldown in a bullish backdrop

Regardless of the aforementioned optimism, Bitcoin’s value has corrected by greater than 2% prior to now 24 hours due to some profit-taking. The derivatives markets are additionally seeing an increase in open curiosity and funding charges, signaling potential short-term overheating.

And but, RSI ranges round 60 appeared to trace at wholesome consolidation. This might preserve the broader uptrend intact as adoption deepens throughout each institutional and retail tiers.