Bitcoin Price Analysis: BTC Climbs Above $111,000 As Market Pressures Ease

Bitcoin (BTC) has crossed $111,000 during the ongoing session after confirmation that President Donald Trump will meet Chinese President Xi Jinping, easing market fears about escalating trade tensions between the US and ￰0￱ could end October in the red if prices drop further, with the flagship cryptocurrency on track for one of its worst October performances since ￰1￱ To Accept Bitcoin As Collateral JPMorgan Chase & ￰2￱ to allow institutional clients to hold Bitcoin and Ethereum as collateral for loans by the end of the ￰3￱ initiative will be available to all institutional clients and will use a third-party custodian to secure the digital ￰4￱ move reflects growing interest in integrating digital assets into mainstream finance.

Bitcoin’s gains and a friendly regulatory environment have encouraged banks to expand their crypto offerings. JPMorgan’s offering treats crypto like traditional assets, such as gold, bonds, and stocks. “NEW: JPMORGAN PLANS TO ALLOW INSTITUTIONAL CLIENTS TO USE BITCOIN AND ETHER AS COLLATERAL FOR LOANS BY THE END OF THE YEAR - PER BLOOMBERG SOURCES.” Several firms are exploring crypto ￰5￱ Stanley plans to let their Etrade customers access crypto next ￰6￱ Street, BNY Mellon, and Fidelity have also started providing crypto custody ￰7￱ rule changes have also allowed BlackRock to swap client Bitcoin for ETF holdings tracking the ￰8￱ first explored crypto-backed lending in 2022 but ultimately decided against going ahead.

However, recent regulatory clarity and rising demand have prompted a ￰9￱ ETF Inflows Return Spot Bitcoin ETFs returned to positive territory, posting moderate net inflows of $20.3 million on October ￰10￱ ETFs had recorded sharp outflows of $101.3 million a day prior, and substantial inflows of $477 million on October ￰11￱ expected, BlackRock’s iShares Bitcoin Trust (IBIT) recorded $107.8 million in net inflows. Fidelity’s FBTC recorded $7.2 million, while Bitwise’s BITB added $17.4 ￰12￱ inflows helped offset substantial outflows from Grayscale’s GBTC and Ark 21Shares ARKB, which recorded $60.5 million and $50 million in ￰13￱ ETFs’ mixed performance shows that the market is still uncertain, and investor sentiment is ￰14￱ Satoshi Era Whale Awakens Another Satoshi-era Bitcoin wallet with $442 million in Bitcoin has become active, shifting funds for the first time in 14 ￰15￱ wallet owner accumulated their stash mining 4,000 BTC between April and June 2009, a few months after the blockchain went ￰16￱ to on-chain analytics platform Nansen, the once-dormant whale sent 150 BTC worth over $16 million in a single transaction.

On-chain data also suggests the wallet may have once held 7,850 BTC and was last active in 2011. “A Satoshi-era wallet that mined 4,000 BTC between April and June 2009 - just months after Bitcoin’s launch - and consolidated everything into one wallet in June 2011, has just transferred out 150 BTC after 14.3 years of ￰17￱ was worth $67,724 back in ￰18￱ that same Bitcoin is worth $442 million.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) climbed to an intraday high of $112,158 during the ongoing session. However, it lost momentum after reaching this level and moved to its current level of $110,710, up 0.50%. BTC is on track for one of its worst “Uptober” performances since 2013, with the flagship cryptocurrency at risk of printing a “red” October for the first time since ￰19￱ saw BTC surge to record levels.

However, optimism turned to panic as traders endured a liquidation ￰20￱ flagship cryptocurrency has struggled to regain momentum since the October 10 crash and has mostly traded in a narrow range below the $112,000 ￰21￱ to CoinGlass data, the average upside for October since 2013 has been 20%, putting BTC above $130,000. If BTC ends October 4% lower than its current level, it will be its worst performance in 12 ￰22￱ rose nearly 4% on Sunday to reclaim $115,000 and settle at $115,067. The price faced selling pressure and volatility on Monday, ultimately registering a marginal increase and settling at $115,274. Selling pressure returned on Tuesday as BTC fell to an intraday low of $109,945.

It recovered from this level to reclaim $113,000 and settle at $113,068, ultimately dropping 1.91%. Sellers retained control on Wednesday as the price fell 2% to $110,804. Bearish sentiment persisted on Thursday as BTC fell below $110,000 and settled at $108,198.