Bitcoin’s price rose during Monday’s trading, recovering from its lowest levels in several weeks amid signs of heavy buying by major investors, which helped support prices after last week’s sharp declines.
Bitcoin gained 2.2% to reach around $111,790, after dropping below $109,000 last week—its lowest level in three weeks. That decline came on the back of broad liquidations and strong selling pressure, which pushed losses to more than 5% in just one week.
Blockchain tracking data indicated that large investors significantly increased their buying activity in recent sessions, which helped ease volatility and stabilize prices.
These moves followed a highly volatile week, during which liquidation-driven losses exceeded $1.5 billion in long positions on crypto exchanges in a single day. Sentiment was further pressured by the expiry of nearly $22 billion worth of crypto options contracts coinciding with the end of Q3, adding to the strain on digital asset markets.
At the same time, broader market sentiment remained cautious as investors closely monitored U.S. political developments, with Congress facing a September 30 deadline to approve a government budget and avoid a shutdown. The looming crisis raised concerns over delays in releasing key economic data, including the nonfarm payrolls report, adding to overall market uncertainty.
While a potential U.S. government shutdown does not directly affect the Bitcoin network, the risk-off mood across global markets could weigh on digital assets.
Separately, Bloomberg reported that crypto exchange Kraken is in advanced talks to raise new funding that could value the firm at around $20 billion. According to reports, a strategic investor is expected to contribute between $200 million and $300 million in this round. The move comes as investor appetite for digital asset firms improves, supported by clearer regulatory frameworks and increased institutional participation.
As for altcoins, they also staged a notable rebound on Monday after last week’s pullbacks, though price ranges remained relatively tight. Ethereum rose 2.4% to about $4,102 after dropping more than 10% last week. XRP gained 2.2% to $2.85, while Solana advanced 3.5% and Cardano climbed 3.1%.
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