Key Facts: As of Nov 2, 2025, Bitcoin trades around $110,000ts2.techtwelvedata.com. In early October BTC briefly hit a record ~$125K before a sudden pullback to ~$104K mid-month amid U.S.–China trade tensionsts2.techts2.tech. Last week Bitcoin ranged roughly $107K–$116Kts2.techts2.tech. The Fed cut rates 25 bp on Oct 29, but Powell’s cautious tone dented risk appetitecoindesk.comts2.tech. Recent market drivers include eased U.S.–China trade fearscoindesk.comts2.tech and record inflows into Bitcoin ETFsts2.techts2.tech. Major players continue accumulating BTC: over 170 public companies now hold >1 million BTCts2.techts2.tech, and Coinbase added about $300 million in Q3ts2.techcoinmarketcap.com. Regulatory news has been positive: the U.S. passed a stablecoin law and the SEC approved multiple spot Bitcoin ETFsts2.tech. Globally, the EU’s MiCA regime and new SEC ETF rules took effect, encouraging more crypto ETF applicationsts2.techts2.tech. In the broader crypto market, Ethereum trades near $3,900changelly.comts2.tech, Solana around $185 with strong on-chain growthbravenewcoin.com, and other altcoins mostly tread water or dipped modestlycoindesk.comts2.tech. Analysts remain split: bullish forecasts see BTC reaching six figures by 2026coindesk.comts2.tech, while some models warn of a correction toward ~$60K–$80K if a recession or shock hitsts2.tech.