Bitcoin price has recovered to above $109,000 after a volatile October marked by a failed “Uptober” rally, Fed-driven risk aversion, and U.S.–China trade tensions.
Bitcoin fell over 3% to around $107,000 on Thursday as traders continued to react to Powell’s cautious outlook on rate cuts and renewed U.S.–China trade tensions.
At Money 20/20, Michael Saylor expressed bullish Bitcoin predictions — $150,000 by the end of 2025 and up to $1 million in four to eight years — citing industry shifts and new investment products as catalysts for institutional adoption.
Bitcoin price surged to $115,000 today, rising over 1% in 24 hours, as optimism over easing U.S.–China trade tensions and renewed investor appetite for risk assets lifted global markets.