On the evening of October 6th, the cryptocurrency market surged, with most major coins showing significant gains. Data from OKX reveals that Bitcoin (BTC) rose over 1.3% in the past 24 hours, trading around $125,000.
Bitcoin Could Reach $145,000 by Year-End
Altcoins also saw positive movements: Ethereum (ETH) climbed more than 2% to $4,650; BNB surged over 5% to $1,224; Solana (SOL) increased by over 1% to $235; and XRP edged up 0.3% to $3.
Bitcoin trading at $125,000. Source: OKX
According to CoinDesk, after hitting a new record above $125,000 over the weekend, Bitcoin’s price is now hovering around $124,000, indicating a temporary pause in its recent rally.
John Glover, Chief Investment Officer at Ledn, who accurately predicted recent price surges, believes the $125,000 mark is a critical threshold for Bitcoin’s future trajectory.
“If Bitcoin breaks through this level, it could reach approximately $145,000 by the end of this year or early next year. Conversely, repeated failures at $125,000 could signal a market downturn,” Glover stated.
Echoing this cautious sentiment, experts from QCP Capital (Singapore) noted that Bitcoin’s sustained position above $120,000 reflects strong retail investor demand, increasing the likelihood of further short-term gains.
Shark Binh Faces Legal Troubles
During a press conference held by the Ministry of Public Security on October 6th, Colonel Nguyen Duc Long, Deputy Director of Hanoi Police, announced that the department has received reports related to the AntEx cryptocurrency project.
Colonel Long stated that upon learning of public concerns and media reports about individuals losing money through the AntEx project, as well as allegations between NextTech Group Chairman Shark Binh (Nguyen Hoa Binh) and the AntEx development team, Hanoi Police directed relevant units to investigate and take strict legal action.
The Cyber Security and High-Tech Crime Prevention Department, the Investigation Agency’s Office, the Criminal Police Department, and the Economic Police Department reported receiving one complaint related to the AntEx project.
The complaint was filed by Mr. L.N.H. from Ninh Binh, who reported a loss of $2,000 (approximately 47 million VND).
Hanoi Police assured that all complaints will be processed in accordance with the law, emphasizing that “there are no exceptions or prohibited areas.”
On the same day, Shark Binh hosted a livestream on his Fanpage at noon on October 6th, discussing “Leadership Mindset in Turbulent Times.”
The livestream attracted thousands of viewers, peaking at over 5,000 simultaneous viewers with high engagement.
During the session, Shark Binh focused on sharing his 24-year entrepreneurial journey and personal experiences.
Recently, social media has been abuzz with discussions about the AntEx cryptocurrency project linked to Shark Binh.
In response to public scrutiny, Binh asserted that he, too, is a victim, both as an investor and a contributor.
Launched in September 2021, AntEx was touted as a “Made in Vietnam” blockchain ecosystem, aiming to develop a decentralized exchange, digital wallet, and various fintech applications.
However, shortly after its launch, AntEx’s value plummeted, resulting in significant losses for many investors.
What Happened to the Famous Startup Founder Who Bought Thousands of Bitcoins at $700 Each 12 Years Ago?
Bitcoin has soared to an all-time high, reaching nearly $125,000 per coin. This unprecedented milestone marks a significant moment in the cryptocurrency’s history, reflecting growing investor confidence and broader market adoption. As the digital asset continues to redefine financial landscapes, its surge underscores its potential as a transformative force in the global economy.
Working with Shark Bình: Police Presence at the Company
Amidst recent controversies, Shark Bình was summoned for clarification, while a notable police presence was observed at the headquarters of the entrepreneur’s company.
Today’s Crypto Market Update (Oct 7-10): Latest Insights from Shark Bình
According to experts, if Bitcoin surpasses $125,000, its price could potentially target the $127,000–$128,500 range in the near term.
Crypto Addiction and Debt Drive Employee to Embezzle Billions from Can Tho Company
After embezzling over 2.6 billion VND, a sales executive at ADC Co., Ltd. in Can Tho City abruptly resigned and fled.
AntEx Digital Currency Project Funded by Shark Bình: Police Investigate for Strict Enforcement
Amidst the controversy surrounding the AntEx digital currency and Shark Bình, the Hanoi Police have launched an investigation to address the issue with a firm stance of “no exceptions, no forbidden zones.”
