Bitcoin News Today: U.S.-China Trade Thaw Sparks $150B Crypto Surge as Bitcoin Breaks $115K Barrier

The cryptocurrency market surged by $150 billion over the weekend, with Bitcoin (BTC) breaking through $115,500, according to a Coinotag report. The rally was fueled by optimism over potential tariff rollbacks and a new trade framework, which eased geopolitical tensions and redirected capital toward risk assets. Ethereum (ETH) reclaimed $4,100, while Solana (SOL) exceeded $200, signaling broad-based enthusiasm for digital assets. Analysts at CrossBorder Capital noted that markets had priced in escalation, making de-escalation a strong tailwind for cryptocurrencies.

Michael Saylor, co-founder of MicroStrategy, reinforced bullish sentiment, predicting Bitcoin could reach $150,000 by year-end despite short-term volatility. Speaking at the Money 20/20 conference, Saylor cited regulatory advancements, including the U.S. SEC's embrace of tokenized securities, as key drivers. He also highlighted Treasury Secretary Scott Bessent's support for stablecoins, which he argued would bolster dollar dominance and institutional adoption, as detailed in a Coinotag article.

Meanwhile, JP Morgan analyst Reginald L. Smith projected rising revenue and EBITDA for Bitcoin miners, citing strong third-quarter performance. The firm estimated annualized cash operating profits of $600 million for IREN Limited and $415 million for CleanSpark, Inc., supporting further high-performance computing (HPC) buildouts. Smith's DCF model suggested the market is pricing in 5 gigawatts of HPC capacity, with Riot Platforms and Cipher Mining among the most positioned to benefit, according to a Benzinga report.

Crypto venture capital funding also hit a high watermark, reaching $5.11 billion in October 2025, led by U.S. deals totaling $2.26 billion. Coinbase Ventures led participation in 10 deals, focusing on AI and prediction markets, while major rounds for Echo ($375 million) and Kalshi ($300 million) underscored late-stage investor confidence, Coinotag reported.

The XRP ETF, poised for a November 13 launch, marked another milestone. Canary Funds' updated S-1 filing removed a delaying amendment, enabling automatic SEC effectiveness. The ETF's DTCC listing and pending Nasdaq approval signaled regulatory progress, with analysts noting its potential to boost XRP liquidity and institutional adoption, as covered in a Coinotag article.

Coinbase, meanwhile, outperformed third-quarter expectations, driven by a $3.7 trillion global crypto market and strategic acquisitions like Deribit ($2.9 billion) and Echo ($375 million). The exchange's shares rose 5% in premarket trading, though analysts warned of pricing pressures amid growing competition from Binance, Bybit, and newly public rivals like Gemini, according to a ScanX report.

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