**Bitcoin Holds Strong Above $117,000 While Solana Eyes ETF Boost**

The crypto market continues to move 24/7, and even though it brings risks, it also offers big opportunities. Right now, two major coins—Bitcoin (BTC) and Solana (SOL)—are making headlines. Here’s what investors need to know as we move through October.

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### Bitcoin (BTC) Shows Strength Above $117,000

Bitcoin has been trading steadily above $117,000 for several hours, signaling strong support and bullish momentum. This price level is significant because it follows a critical breakout above the $112,000 mark—a level many analysts were watching closely.

Earlier economic data, like the Personal Consumption Expenditures (PCE) report, hinted at a possible price jump when BTC was trading under $110,000. Now, with the latest ADP employment report showing weakness in the labor market, investors are expecting a softer jobs report on Friday. If the numbers come in worse than expected, it could increase chances of a Federal Reserve rate cut—something that usually benefits risk assets like Bitcoin.

Market expert Michael Poppe commented that this rise in BTC is a solid start to the month and could be setting the stage for a new all-time high. October is historically a strong month for Bitcoin, and so far, the trend seems to be repeating.

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### Solana (SOL) Could Get a Boost from ETF News

Solana (SOL), currently priced around $218, might see some major movement soon. There are growing rumors that the U.S. Securities and Exchange Commission (SEC) may give positive feedback to companies looking to launch a Solana ETF. This kind of communication between the SEC and issuers has previously led to ETF approvals for Bitcoin and Ethereum.

If an ETF approval happens for Solana, it could drive up demand and prices. However, it’s important to remember that ETF approvals don’t always lead to instant price spikes. Sometimes markets react slowly or even pull back after the news—a pattern known as “sell the news.”

What makes this situation more interesting is the timing. October is generally a bullish month for crypto. On top of that, recent macroeconomic indicators suggest that the Fed may cut interest rates soon, creating favorable conditions for crypto growth.

Technical analyst Ali Martinez recently updated his forecast for SOL. If Solana holds its current upward trend, he believes it could reach between $320 and $360 in the near future.

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### Final Thoughts

Crypto markets are unpredictable but full of potential. Bitcoin’s solid hold above $117,000 and Solana’s possible ETF catalyst make both assets worth watching closely this month. With supportive economic signals and October’s bullish history, conditions are aligning for possible gains—but as always, stay cautious and do your research.

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