Bitcoin Price Today: BTC Rises Above $111,000
The price of Bitcoin surged more than 3% on Monday, touching an intraday high of $111,596, according to data from CoinMarketCap. As of 7:22 PM (20 October 2025), Bitcoin was trading at $111,048, up 2.81% from the previous day.
The rally in the world’s largest cryptocurrency came amid strong trading volumes, renewed investor confidence, and growing expectations of a US Federal Reserve rate cut later this month.
What’s Driving the Bitcoin Rally?
Bitcoin’s sudden upward movement has been fuelled by several factors:
- Rising Market Volumes:
Trading activity in Bitcoin surged more than 50% in the last 24 hours, reaching a volume of $58.31 billion. Higher participation often signals strong investor sentiment and short-term momentum. - Investor Optimism:
According to CoinMarketCap’s investor poll, 82% of community members remain bullish on Bitcoin. Around 5.1 million participants voted in favor of a positive outlook, indicating strong confidence in the crypto’s rebound. - Technical Breakout:
Bitcoin successfully climbed above the $105,000 support zone and its 200-day EMA, a major bullish signal in technical analysis. Traders view this as a potential start to a sustained upward trend. - Global Crypto Adoption News:
A Bloomberg report revealed that Japan’s Financial Services Agency (FSA) may soon allow commercial banks to invest directly in cryptocurrencies. The move could significantly boost institutional adoption in Asia.
Market Sentiment Remains Positive
Despite a 3.2% weekly decline, Bitcoin’s strong performance on Monday indicates a potential shift in market momentum. Many traders expect the Federal Reserve’s next policy move to influence liquidity and risk appetite, potentially benefiting crypto assets.
Transitioning from a cautious start to the week, the overall crypto market now shows bullish sentiment. Technical charts suggest Bitcoin may soon test resistance near $115,000 if current volumes continue.
Ethereum and Other Altcoins Join the Rally
The crypto rally isn’t limited to Bitcoin alone. Ethereum (ETH) also gained momentum, rising 1.88% to $4,037, up from $3,922 the previous day. Other major altcoins like Solana (SOL) and BNB saw moderate gains, reflecting broader market optimism.
Meanwhile, Bitcoin’s market capitalization climbed 2.9% to $2.21 trillion, reaffirming its dominance in the global crypto ecosystem.
Investor Caution Remains Key
While the market shows positive signs, experts warn investors to remain cautious. The crypto market remains highly volatile, and short-term rallies can quickly reverse. Investors are advised to make informed decisions and consult financial experts before taking positions in digital assets.
Key Takeaways
- Bitcoin price jumped 3.66% intraday on 20 October 2025, reaching $111,596.
- Trading volume surged over 50% to $58.31 billion.
- 82% of crypto investors maintain a bullish outlook.
- Japan’s FSA is considering allowing banks to invest in cryptocurrencies.
- Ethereum rose 1.88% to $4,037.04, tracking Bitcoin’s movement.
Disclaimer
This article is for educational purposes only. The information and opinions shared are not investment advice. Cryptocurrency investments are volatile and risky — please consult a certified financial advisor before making any investment decisions.
