Bitcoin fell to $98,900 during intraday trading before recovering above $101,000, data show. The cryptocurrency broke below its $107,000 support level after trading in a range between that floor and $123,000 for approximately 130 days. The decline triggered roughly $640 million in long position liquidations across futures markets within 24 hours.

Grayscale Investments began trading its Solana-focused ETF on NYSE Arca under ticker GSOL on Wednesday, October 29, 2025. The product, converted from a closed-end trust launched in 2021, incorporates a staking mechanism that distributes network rewards to holders. The launch positions Grayscale among the largest Solana ETF managers in the United States by assets under management, according to the firm.

VanEck's mid-October 2025 ChainCheck report projects Bitcoin may reach $180,000 in the current cycle, contingent on global money supply expansion and futures market dynamics. The firm identifies a 0.5 correlation between BTC and global M2 growth since 2014. Futures open interest has accounted for approximately 73% of price variance since October 2020, the analysis shows.

Galaxy Digital CEO Mike Novogratz said Bitcoin reaching $250,000 by year-end would require "a heck of a lot of crazy stuff." He projected a more realistic range of $100,000 to $125,000 under normal market conditions. Bitcoin was trading around $107,000 at the time, meaning a move to $250,000 would require approximately a 130% surge within weeks.