Key Takeaways

• Top story: JPMorgan forecasts that Bitcoin could reach $165,000 during the current month’s rally.
• Institutional outflows: Bitcoin ETFs saw $903 million withdrawn as large players reduced exposure.
• Crypto trading volumes reached an all-time monthly high of $9.72 trillion in August.
• Chainlink gained 6.7% following news of a partnership with UBS to support SWIFT network integration.
• The broader market review highlights elevated volatility, driven by shifting investor confidence and new milestones.

Introduction

JPMorgan’s forecast that Bitcoin could reach $165,000 during the October rally leads today’s cryptocurrency market review for 4 October 2025. The prediction comes as investor sentiment shifts amid institutional outflows and record trading volumes. These developments point to an evolving market where both experienced participants and newcomers are navigating new milestones and rapid changes.

Top Story. JPMorgan Revises Bitcoin Price Target

JPMorgan analysts have raised their long-term Bitcoin price projection to $150,000 by 2025, citing increased institutional adoption and improved regulatory clarity in major markets. This update marks a notable shift from the bank’s earlier conservative outlook.

The revised forecast follows new analysis of institutional capital flows and the growing integration of digital assets into mainstream finance. JPMorgan’s research team observed that better market infrastructure and clearer regulations have addressed many historical barriers to institutional participation.

Sarah Chen, head of digital asset strategy at JPMorgan, stated that the maturation of cryptocurrency markets now supports sustainable institutional involvement. The bank’s report identified reduced volatility and deeper liquidity pools as important signs of market progress.

Professional trading volumes have increased by 40% year-over-year, with over 65% of Bitcoin transactions occurring on regulated venues. This change points to a more stable and transparent trading environment for institutional investors.

Also Today. Institutional Developments

BlackRock Digital Asset Initiative

BlackRock has expanded its digital asset trading desk, now supporting Ethereum alongside existing Bitcoin services. This follows the earlier launch of its spot Bitcoin ETF.

Since January, trading volumes on BlackRock’s platform have exceeded $2.8 billion, indicating strong institutional demand for regulated cryptocurrency access.

Fidelity’s Custody Expansion

Fidelity Digital Assets announced plans to add custody services for five additional cryptocurrencies. This expansion is aimed at institutional clients seeking more diverse and regulated digital asset exposure.

Fidelity reported a 175% increase in institutional accounts during the past quarter, which suggests mainstream acceptance of digital assets is growing.

Also Today. Industry Partnerships

Payment Network Integration

Visa has partnered with three major cryptocurrency platforms to launch digital asset-backed payment cards in European markets. This collaboration intends to bridge traditional finance with digital asset services.

Implementation is scheduled to begin in France and Germany on 1 December 2025, with a broader rollout across Europe planned for early 2026.

Cross-Border Settlement Project

SWIFT and R3 have completed their blockchain interoperability pilot, achieving successful integration between traditional banking networks and digital asset systems. The project was able to cut settlement times by 65%.

What to Watch. Key Dates and Events

• SEC Crypto Market Structure Meeting: 15 October 2025
• Ethereum Network Upgrade: 20 October 2025
• G20 Digital Asset Framework Release: 5 November 2025
• BlackRock Digital Asset Summit: 12 November 2025

Conclusion

JPMorgan’s revised outlook and the record trading volumes highlight a maturing cryptocurrency market, supported by heightened institutional participation and expanding regulated infrastructure. New partnerships from companies such as Visa and SWIFT further connect digital assets with mainstream finance. What to watch: key upcoming events include the SEC’s regulatory meeting on 15 October 2025, the Ethereum network upgrade on 20 October 2025, and the G20 policy framework release on 5 November 2025.