BTC has posted increased activity in futures, spot, and ETF trading, as well as growth post-U.S. election.
However, the current technical indicators suggest a potential short-term price correction.
After Bitcoin reached an all-time high of $103k last week, the top cryptocurrency has enjoyed a positive market sentiment despite a few price corrections. Currently, the price is hovering around $100k. According to CoinMarketCap, BTC's market capitalization is $1.99 trillion.
As the year draws to a close, important fundamental could maintain the positive upward trend for the top cryptocurrency. Institutional investors have reportedly played an
important role in the value of Bitcoin.
Institutional Adoption
Among these important players are reportedly the
U.S.-listed Bitcoin ETFs, MicroStrategy, and crypto miners. This could be one
of the factors partly sustaining the price above $100k. Trading Volumes were
$63 billion in the past 24 hours.
Bitcoin Price Chart, Source: CoinMarketCap
Bitcoin doubled its value from a low of $54 in early
September boosted by a surge in futures, spot, and ETF trading activities,
Coindesk reported. The market also experienced a substantial growth after the
U.S. election in early November pushing trading volumes past $100 billion.
Institutional players like U.S.-listed Bitcoin ETFs
and MicroStrategy have bolstered Bitcoin’s demand. Since September, both
cohorts have reportedly added approximately 200,000 BTC each to their holdings, with ETFs
surpassing 1 million BTC in total reserves.
Binance, the world’s largest crypto exchange, has also seen a record-breaking year. With $21.6 billion in user fund deposits, Binance
outpaced the next ten exchanges combined. Average BTC deposits surged,
reflecting growing institutional and corporate interest in digital assets.
Among the miners planning to buy more Bitcoins is Riot
Platforms, which recently announced its intention to raise $500 million to acquire more Bitcoin. Riot mentioned that the funds collected from the
fundraising will be used to buy Bitcoin and for corporate purposes. As of
the end of Q3, Riot Platforms reportedly held 10,427 Bitcoins.
Bitcoin ETFs
The approval of Bitcoin ETFs in major markets has
transformed how institutional investors gain exposure to cryptocurrency. ETFs
have reportedly attracted substantial inflows, rivaling traditional assets like
gold ETFs.
This has also become an important driver of Bitcoin’s
price rally. However, looking at the technical indicators, the price could be
correct in the short term before any further gains can be seen.
BTC Weekly Chart, Source: TradingView
According to TradingView, the price has been trending upwards and bouncing off the ascending trend line since early October. The Relative Strength Indicator (RSI) is currently at 76, meaning BTC is overbought and could reverse the upward trend if it does not attract enough buyers. However, the current trend remains positive with strong upward momentum.
After Bitcoin reached an all-time high of $103k last week, the top cryptocurrency has enjoyed a positive market sentiment despite a few price corrections. Currently, the price is hovering around $100k. According to CoinMarketCap, BTC's market capitalization is $1.99 trillion.
As the year draws to a close, important fundamental could maintain the positive upward trend for the top cryptocurrency. Institutional investors have reportedly played an
important role in the value of Bitcoin.
Institutional Adoption
Among these important players are reportedly the
U.S.-listed Bitcoin ETFs, MicroStrategy, and crypto miners. This could be one
of the factors partly sustaining the price above $100k. Trading Volumes were
$63 billion in the past 24 hours.
Bitcoin Price Chart, Source: CoinMarketCap
Bitcoin doubled its value from a low of $54 in early
September boosted by a surge in futures, spot, and ETF trading activities,
Coindesk reported. The market also experienced a substantial growth after the
U.S. election in early November pushing trading volumes past $100 billion.
Institutional players like U.S.-listed Bitcoin ETFs
and MicroStrategy have bolstered Bitcoin’s demand. Since September, both
cohorts have reportedly added approximately 200,000 BTC each to their holdings, with ETFs
surpassing 1 million BTC in total reserves.
Binance, the world’s largest crypto exchange, has also seen a record-breaking year. With $21.6 billion in user fund deposits, Binance
outpaced the next ten exchanges combined. Average BTC deposits surged,
reflecting growing institutional and corporate interest in digital assets.
Among the miners planning to buy more Bitcoins is Riot
Platforms, which recently announced its intention to raise $500 million to acquire more Bitcoin. Riot mentioned that the funds collected from the
fundraising will be used to buy Bitcoin and for corporate purposes. As of
the end of Q3, Riot Platforms reportedly held 10,427 Bitcoins.
Bitcoin ETFs
The approval of Bitcoin ETFs in major markets has
transformed how institutional investors gain exposure to cryptocurrency. ETFs
have reportedly attracted substantial inflows, rivaling traditional assets like
gold ETFs.
This has also become an important driver of Bitcoin’s
price rally. However, looking at the technical indicators, the price could be
correct in the short term before any further gains can be seen.
BTC Weekly Chart, Source: TradingView
According to TradingView, the price has been trending upwards and bouncing off the ascending trend line since early October. The Relative Strength Indicator (RSI) is currently at 76, meaning BTC is overbought and could reverse the upward trend if it does not attract enough buyers. However, the current trend remains positive with strong upward momentum.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
WhiteBIT secures brokerage license in Georgia to launch regulated crypto derivatives
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
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#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
