Bitcoin is consolidating near $120,000, with major banks like Citi and JPMorgan upgrading price forecasts, driven by "Uptober" optimism and institutional interest, despite a slight 0.16% 24-hour dip. BNB surged 1.47% to a new all-time high of $1,111, fueled by network upgrades and institutional demand, signaling potential for an altseason. Solana, down 1.68% in 24 hours, shows technical signs of a potential breakout towards $236-$300, supported by new developments and tokenized treasury fund integration. XRP is also experiencing significant whale activity and analyst predictions of a substantial rally following its privacy roadmap reveal.
Key Developments
- Bitcoin price targets upgraded by major banks, nearing $120,000 amid 'Uptober' optimism.
- BNB achieves a new all-time high of $1,111, driven by network upgrades and institutional demand.
- Solana shows technical breakout potential and receives significant development funding and ecosystem integrations.
- Ripple unveils XRP privacy roadmap, with analysts predicting substantial price rallies and increased whale activity.
- CME Group announces plans for 24/7 cryptocurrency and options trading starting early 2026.
Next 6 Hour Outlook
The market is likely to see continued consolidation for Bitcoin around the $120,000 level, while select altcoins like BNB and Solana may extend recent gains, contingent on sustained institutional interest and positive news flow.