- Bitcoin is trading above $115,000 as trade optimism between the US and China boosts market confidence across global assets
- Crypto lender Ledn has issued over $1 billion in Bitcoin-backed loans this year, showing increased demand for crypto credit without selling holdings
- American Bitcoin, co-founded by Eric Trump and Donald Trump Jr., expanded its treasury to 3,865 BTC worth $445 million with a new purchase
- Bitcoin’s open interest in derivatives markets has climbed to $37.63 billion ahead of Wednesday’s Federal Reserve meeting where a quarter-point rate cut is expected
- Technical analysis shows Bitcoin could push toward $124,000 if it breaks above the $117,600 resistance level
Bitcoin is trading around $115,000 after gaining ground over the weekend. The rally comes as tensions between the United States and China appear to be easing. President Donald Trump said both countries are close to finalizing a trade agreement.
The US dollar weakened against major currencies on Monday. The euro, yuan, and Australian dollar all gained strength. This happened as investors moved away from safe-haven assets.
The Chinese yuan reached its highest level in over a month. The People’s Bank of China set a stronger midpoint rate. The Australian dollar also rose after the country’s central bank governor made hawkish comments.
Global equities rallied as risk appetite improved. Traders are watching to see if trade progress will continue pushing the dollar lower this week.
Growing Institutional Confidence
Crypto lender Ledn has issued over $1 billion in Bitcoin-backed loans this year. This marks a sharp rise in crypto credit demand. Investors are choosing to borrow against their Bitcoin rather than sell during the bull market.
With a Ledn loan, you can have your bitcoin and spend it too💰
Since 2018, @hodlwithLedn has issued over $10B in bitcoin-backed loans across 100+ countries. A Ledn loan allows you to borrow cash while keeping your bitcoin, with no credit check.https://t.co/Ih2nYgv67p— Bitcoin.com News (@BTCTN) October 27, 2025
Since Ledn started operations, the firm has disbursed $2.8 billion in BTC loans. In the third quarter alone, the company issued $392 million in loans. Ledn now operates in over 100 countries and generates about $100 million annually.
With Bitcoin trading above $115,500, more holders are unlocking liquidity without selling their assets. This trend shows Bitcoin’s expanding role as financial collateral. The cryptocurrency is increasingly viewed as both a store of value and a credit asset.
American Bitcoin has expanded its holdings. The company, co-founded by Eric Trump and Donald Trump Jr., acquired an additional 1,414 BTC valued at $163 million. This brings its total treasury to 3,865 BTC worth $445 million.
🚨 Exciting news! Trump-linked American Bitcoin just added $163M in BTC, boosting its treasury to over $445M! 🌟 This move signals strong confidence in the crypto market and its future potential. What does this mean for the landscape? Let’s discuss! 💬💰… https://t.co/EH3Avmmq1Q
— 🇺🇸 Fight for Democracy (@breakingwtfnews) October 27, 2025
Eric Trump said the company maintains long-term confidence in Bitcoin. The firm aims to increase its Bitcoin-per-share ratio over time. American Bitcoin went public on the Nasdaq under the ticker ABTC in September after merging with Gryphon Digital Mining.
Shares surged over 80 percent on the first trading day. Bitcoin prices climbed above $115,540 following the announcement of the new purchase.
Federal Reserve Decision Ahead
Bitcoin traders are building leveraged positions ahead of Wednesday’s Federal Reserve meeting. Markets widely expect a quarter-point rate cut that could boost appetite for risk assets.
Bitcoin’s aggregated open interest has surged to $37.63 billion. This represents the total value of all open derivatives positions. The figure has risen from $33 billion last week.
Users of prediction market Myriad assigned a 92.6 percent chance of a quarter-point rate cut this week. The expectation stems from recent economic developments. Labor market reports for July and August showed weakness. Core inflation has declined.
Fed Chair Jerome Powell’s recent comments on ending quantitative tightening provided clues about the central bank’s thinking. The ongoing US government shutdown has created a data vacuum. This limits the Fed’s visibility into the economy.
Gracy Chen, CEO at Bitget, said the rate cut to 4.00 to 4.25 percent is already priced into markets. Powell is likely to signal a gradual easing cycle. This combination points to broader liquidity expansion that supports risk assets.
Bitcoin’s rebound over the weekend reflects improving sentiment. Strong ETF inflows and easing trade tensions are fueling momentum. If Bitcoin holds above $112,000, it could push toward $118,000 to $120,000 by month’s end.
📈#Bitcoin LTF game plan 📈
The Pink box got hit, but looking at the market and how shallow the push was into the box, i am expecting another attempt to push and clear out the early shorts before any chance of a retrace lower.
I do expect the CME gap to get filled, but its not… https://t.co/kRJQhKrEZd pic.twitter.com/8SD8uaCxny
— AlphaBTC (@mark_cullen) October 28, 2025
Bitcoin is trading around $114,572 after consolidating gains. The daily chart shows a potential double-top pattern forming near $117,600. This aligns with the 61.8 percent Fibonacci retracement level.
The short-term outlook remains positive. Bitcoin trades within a rising channel supported by a bullish crossover between the 20-day and 50-day moving averages near $112,300. The RSI at 54 signals neutral momentum.
A breakout above $117,600 could trigger an advance toward $120,500 and $124,100. Failure to hold may lead to a retest of $112,250. Bitcoin is still down about 6.5 percent from its October 6 all-time high of $126,000.
