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Bitcoin Updates: Altcoin ETFs and Regulatory Actions Put Pressure on Bitcoin’s Bullish Outlook Amid Changing Crypto Environment

Bitcoin Updates: Altcoin ETFs and Regulatory Actions Put Pressure on Bitcoin’s Bullish Outlook Amid Changing Crypto Environment

Bitget-RWA2025/11/03 22:52
By:Bitget-RWA

- Bitcoin's bull case weakens as institutional capital shifts to altcoins via ETFs, despite 56% lower fees and $108k price. - SEC's five new altcoin ETF applications and Ethereum's $9.6B Q3 inflows signal regulatory-driven capital reallocation. - Saylor's $150k Bitcoin forecast clashes with Schiff's criticism of unrealized gains, highlighting market ideological divides. - Miners pivot to AI infrastructure (e.g., IREN's $9.7B Microsoft deal) as crypto's future hinges on ETF flows and regulatory clarity.

Bitcoin’s ongoing rally is coming under increased examination as major investors begin to favor alternative cryptocurrencies and regulatory pressures grow, even as transaction fees have dropped 56% so far this year. The digital asset’s value lingered around $108,000, sparking debate among analysts about whether the recent upward trend can last, while

(ETH) and new tokenized products attracted new investment.

Bitcoin Updates: Altcoin ETFs and Regulatory Actions Put Pressure on Bitcoin’s Bullish Outlook Amid Changing Crypto Environment image 0

The U.S. Securities and Exchange Commission (SEC) received five additional applications for altcoin ETFs in October, which some analysts interpret as the beginning of a new wave of institutional investment, according to

. Experts point out that Ethereum ETFs have already surpassed ETFs in third-quarter inflows, bringing in $9.6 billion compared to $8.7 billion. Leon Wideman from Web3 Onchain suggests that this regulatory momentum could fuel long-term capital inflows into altcoins. Meanwhile, savvy investors are increasing their holdings in tokens such as (UNI) and (LINK), highlighting the growing interest in the sector.

However, not everyone shares this optimism. Peter Schiff, a well-known critic of Bitcoin, called Strategy’s (formerly MicroStrategy) third-quarter financial results “fraudulent,” claiming the company is dependent on unrealized profits from its $47.44 billion Bitcoin holdings, according to an

. In response, Strategy CEO Michael Saylor predicted in that Bitcoin could hit $150,000 by the end of the year, citing regulatory changes and increased institutional interest. Saylor’s bullish outlook stands in stark contrast to Schiff’s doubts, illustrating the divide between Bitcoin advocates and traditional finance skeptics.

Regulatory developments continue to influence the market. Authorities in Singapore have frozen $150 million in assets tied to an alleged Bitcoin scam leader, as reported by

. At the same time, BlackRock’s lack of involvement in altcoin ETFs has tempered hopes for significant inflows, with Bitcoin ETFs seeing $1.27 billion in net outflows so far this year, despite the company’s $28.1 billion Bitcoin fund—a point previously highlighted in discussions about altcoin ETF trends.

Bitcoin’s price has shown weakness, falling below $108,000 with a 3.5% drop from recent peaks, according to an

. While the fourth quarter has historically been strong for Bitcoin, averaging a 78.41% return, current momentum appears subdued. The Relative Strength Index (RSI) at 41 and a narrowing MACD histogram indicate that bullish momentum is waning. Ki Young Ju from CryptoQuant cautioned that Bitcoin’s rebound depends on renewed buying from ETFs and corporate treasuries, such as Strategy’s November acquisition, as detailed in previous reports on Strategy’s activity.

Bitcoin miners are increasingly turning to artificial intelligence infrastructure, with IREN signing

with Microsoft to provide NVIDIA GB300 GPUs. This agreement, reflecting a broader industry shift, demonstrates how miners are using their energy and data center resources to diversify their income. Similarly, HIVE Digital Technologies has increased its mining power to 23 exahashes per second, supported by green energy and AI-based operations.

The outlook for Bitcoin remains uncertain, caught between institutional enthusiasm, regulatory challenges, and technical resistance. While Saylor’s $150,000 target and Ethereum’s ETF momentum provide optimism, Schiff’s criticisms and BlackRock’s absence point to ongoing obstacles. As altcoin ETFs gain momentum and miners embrace AI, the future of the crypto market will likely depend on regulatory developments and continued investment.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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