Bitcoin is consolidating near $103,000 following two major U.S. cryptocurrency developments. Bitwise launched the first U.S. Solana ETF on October 28, attracting $420 million in its debut week. SoFi Technologies became the first national bank to enable direct Bitcoin trading for 12.6 million users, marking a significant shift in mainstream crypto adoption.

Bitcoin is trading around $106,700 as Nasdaq and Cboe prepare to launch regulated spot and leveraged cryptocurrency trading next month, according to the U.S. Commodity Futures Trading Commission. The development is expected to enhance liquidity and attract institutional participation. Analysts project potential upside toward $111,000, supported by improving market fundamentals and easing fiscal uncertainty.

Bitcoin is trading around $101,300 as institutional participation in digital assets expands. A joint survey by PwC and the Alternative Investment Management Association shows 55% of global hedge funds now hold cryptocurrency positions, up from 47% a year earlier. Spain's Institute of Technology and Renewable Energies plans to sell 97 BTC acquired in 2012 for under $10,000, now valued above $10 million.

Galaxy Digital cut its Bitcoin year-end 2025 price target from $185,000 to $120,000, according to the firm's head of research Alex Thorn. The revision reflects increased leveraged liquidations and whale distributions exceeding 400,000 BTC. Japan's Metaplanet drew $100 million from its Bitcoin-backed credit facility to expand holdings, while Swiss custody startup Future raised $34.5 million in funding.

Sequans Communications sold 970 BTC to redeem 50% of its $189 million convertible debt, reducing outstanding obligations to $94.5 million. The IoT semiconductor firm's remaining treasury holds 2,264 BTC, valued at approximately $240 million. Bitcoin trades near $102,000, down 2.45% in 24 hours, with technical indicators showing a descending wedge pattern and RSI at 31.

Grok AI, the artificial intelligence model developed by X, has projected Bitcoin may reach $200,000 by the end of 2025, based on analytical models tracking institutional adoption and supply-demand dynamics. Bitcoin is currently trading around $110,000, with the AI citing accelerating institutional inflows through ETFs and treasury allocations, the cryptocurrency's capped supply of 21 million coins, and growing demand from nations and corporations as primary drivers. The forecast emphasizes data-driven analysis rather than speculation, as Bitcoin maintains a market capitalization of $2.19 trillion with daily trading volume exceeding $72 billion.

Bitcoin traded above $114,500 as crypto lender Ledn crossed $1 billion in Bitcoin-backed loans issued in 2025, reflecting growing institutional demand for crypto credit. Trump-linked American Bitcoin expanded its treasury to 3,865 BTC valued at $445 million after purchasing an additional 1,414 BTC worth $163 million. Technical analysis suggests a potential move toward $124,000 if bulls maintain current support levels.

Bitcoin traded at $115,185, gaining 1.40% over 24 hours as markets responded to reports of a US-China trade framework agreement. The cryptocurrency's market capitalization stands at approximately $2.29 trillion with daily trading volume exceeding $56.6 billion. Washington and Beijing reached the framework during weekend negotiations in Kuala Lumpur, with the agreement expected to be finalized at Thursday's APEC Summit in South Korea.

Ethereum is trading around $3,984 with a 24-hour volume of $16.5 billion and a market capitalization of $480.9 billion. A symmetrical triangle pattern on the 4-hour chart points to a potential breakout toward $4,300. Technical indicators show mild bullish momentum, with the RSI near 58 leaving room for upside movement.