Bitcoin News Today: Bitcoin Hits $96K as Institutional Demand Meets Regulatory and Price Resistance

Bitcoin Surges Past $96,000 as Institutional Adoption and Market Dynamics Signal Mixed Outlook

According to Glassnode, the price rebound reflects renewed buyer accumulation amid seller exhaustion, though a dense supply cluster between $106,000 and $118,000 poses a natural resistance zone.

"This dynamic completes the picture; pairing seller exhaustion with steady accumulation, creating the foundation for a short-term recovery even within a broader bearish structure," the report noted. However, sustained gains will require overcoming distribution pressures from investors seeking to lock in profits at those levels.

Institutional confidence in Bitcoin remains a key driver. Harvard University's endowment disclosed a $443 million stake in BlackRock's iShares Bitcoin Trust (IBIT), marking its largest equity position and underscoring growing institutional acceptance. The investment, which accounts for 20% of Harvard's U.S.-listed public equity holdings, contrasts with typical institutional preferences for private equity and real estate. IBIT has maintained resilience despite recent price volatility.

Meanwhile, Bitcoin Depot reported strong Q3 2025 results, with revenue rising 20% year-over-year to $162.5 million. However, the company faces regulatory headwinds as U.S. states impose transaction size and fee caps, expected to weigh on Q4 revenue. Management projected fourth-quarter revenue between $112 million and $115 million, citing seasonal declines and compliance-related impacts. Despite these challenges, Bitcoin Depot expanded internationally, deploying kiosks in Australia and Hong Kong and acquiring National Bitcoin ATM's 500-unit network.

Market sentiment is further shaped by figures like Michael Saylor, CEO of MicroStrategy, who denied recent reports of Bitcoin sales and reaffirmed his accumulation strategy. Saylor forecasts Bitcoin outperforming gold and the S&P 500 by year-end, despite recent price dips below $95,000. His comments contrast with broader market volatility, as the crypto market shed 0.8% in value over 24 hours, with 80 of the top 100 coins declining.

Regulatory and technological developments continue to influence the landscape. The GENIUS Act's implementation in 2025 standardized stablecoin regulations, while tokenized real-world assets surpassed $30 billion onchain. These shifts reflect a maturing industry prioritizing infrastructure and compliance over speculative hype.

Looking ahead, analysts emphasize the interplay between institutional demand and regulatory clarity. While Harvard's investment and Bitcoin Depot's expansion signal optimism, lingering uncertainties-such as the U.S. Federal Reserve's stance on crypto innovation and state-level regulatory fragmentation-could test market resilience. As Glassnode cautioned, the path to sustained recovery remains contingent on "renewed inflows strong enough to absorb this wave of distribution".