Today’s Crypto Market, October 19: How a 2-Person Company is Diving into Digital Assets

Bitcoin's price trajectory is under scrutiny as experts forecast a potential dip to $95,000, with some even suggesting a further decline to the $91,000 range.

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On the evening of October 19, the cryptocurrency market witnessed mixed movements. According to data from OKX, over the past 24 hours, Bitcoin (BTC) saw a slight increase of nearly 0.8%, reaching $107,800, though it still declined by almost 4% over the past week.

Altcoins experienced mild fluctuations, with Ethereum (ETH) rising 1.3% to $3,930, Solana (SOL) gaining over 2% to $188, and XRP increasing by more than 1% to $2.3. Meanwhile, BNB dipped by 0.3%, settling at $1,100.

As reported by CoinTelegraph, despite Bitcoin temporarily stabilizing around $107,000, investors remain cautious as several indicators suggest the cryptocurrency could face further declines in the short term due to weak buying pressure and global economic volatility.

Cryptocurrency expert Tony predicts Bitcoin could drop to $95,000 or even test the $91,000 mark before establishing a bottom. However, he views this as a positive development within the context of a long-term upward cycle.

Bitcoin is currently trading at $107,800. Source: OKX

Analyst Daan Crypto Trades anticipates sideways movement around $107,000 until the end of the trading week, with $105,000 serving as a critical support level. If U.S. stocks rebound, Bitcoin could experience a resurgence.

A positive signal is the Relative Strength Index (RSI), which is at its lowest point since April, indicating weakening selling pressure and a potential imminent recovery for Bitcoin.

Despite prevailing market pessimism, many experts believe technical indicators are signaling an upcoming rebound.

Domestically, An Trường An Joint Stock Company (stock code: ATG) has garnered attention by preparing a shareholder meeting to rename itself ATG Planet Joint Stock Company and expand into digital technology and construction materials.

Additionally, An Trường An is seeking shareholder approval to invest in establishing ABI Planet Joint Stock Company in the Da Nang High-Tech Park, focusing on developing blockchain and AI products.

ABI Planet will have a charter capital of 50 billion VND, with ATG contributing 30% (equivalent to 15 billion VND), and the remainder sourced from foreign strategic investors.

Notably, as of the end of June 2025, An Trường An reported accumulated losses exceeding 157 billion VND, with owner’s equity dwindling to just over 400 million VND. The company currently employs only two staff members.

Following the issuance of Resolution No. 05/2025/NQ-CP on September 9, 2025, by the Vietnamese government regarding the pilot implementation of the cryptocurrency market, numerous domestic enterprises have swiftly entered the fray.

Most recently, according to business registration information, Lộc Phát Việt Nam Cryptocurrency Exchange Joint Stock Company (LPEX) was established on September 30 with an initial charter capital of 6.8 billion VND.

Similarly, HD Securities Joint Stock Company plans to raise over 7.3 trillion VND, including nearly 1.5 trillion VND to invest in HD Cryptocurrency Exchange Joint Stock Company.

Other companies such as Techcom Securities Joint Stock Company, SSI Securities Joint Stock Company, and VPBANK Securities Joint Stock Company have also established legal entities and invested in domestic digital asset exchange operators.

Notably, in June 2025, Vimexchange Cryptocurrency and Digital Asset Trading Joint Stock Company was founded with a charter capital of 10 trillion VND, marking the first cryptocurrency company in Vietnam to reach this capital threshold.

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