Bitcoin surged above $115,000 on Binance and KuCoin amidst institutional interest and macroeconomic optimism, marking a critical point in the crypto market on October 28, 2025.
The surge underscores shifting dynamics as institutional investors elevate Bitcoin's status, signaling potential long-term price stability and broadening the investment spectrum within the financial landscape.
Market Performance and Driving Factors
Bitcoin has surged above $115,000 according to exchange data from Binance and KuCoin. This milestone has been driven by institutional inflows, macroeconomic optimism, and positive market sentiment.
Institutional investors have played a pivotal role, with significant shifts from gold to bitcoin ETFs. Binance and KuCoin confirm the price surge on their official trading dashboards.
Broader Market Impact
The surge has affected various assets, including Ethereum, which reclaimed the $4,200 mark. Positive sentiments and macroeconomic shifts have influenced the market significantly.
Financial implications include $319.18 million in short liquidations, suggesting a trend of bullish momentum. Institutional interest in risk assets is climbing, driven by trade deal optimism.
Future Outlook and Expert Commentary
Macroeconomic optimism and expectations of an interest rate cut by the Federal Reserve are factors in this surge. Bitcoin's current behavior resembles previous rallies seen during ETF launches.
Potential outcomes include continued bullish trends and price discovery. Geoffrey Kendrick of Standard Chartered posits that bitcoin may remain above $100,000 if current macro conditions persist.
Geoffrey Kendrick, Head of Digital Asset Research, Standard Chartered Bank, "If this week goes well — bitcoin may never fall below $100,000 again."