• bitcoinBitcoin (BTC) $ 69,934.00
  • ethereumEthereum (ETH) $ 2,117.92
  • tetherTether (USDT) $ 0.999538
  • bnbBNB (BNB) $ 633.06
  • xrpXRP (XRP) $ 1.38
  • usd-coinUSDC (USDC) $ 0.999813
  • solanaSolana (SOL) $ 88.73
  • tronTRON (TRX) $ 0.314775
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.02

TRUMP PARDONS CZ, BTC BACK OVER $110K, A16Z’s STATE OF CRYPTO 2025

Crypto majors are green and rebounding. BTC is up 1% at $110,800, ETH is up 2% at $3,940, BNB is up 2% at $1,120, and SOL is up 1% at $191. MYX (+14%), VIRTUAL (+13%), ZEC (+11%), and WLFI (+11%) led the top movers. Stocks and crypto flipped green yesterday ahead of the October 30th meeting between Trump and Xi in South Korea. JPMorgan announced plans to allow institutional clients to use Bitcoin and ETH as collateral for loans. Trump pardoned Binance founder Changpeng “CZ” Zhao. An alleged “Trump insider” whale closed a $200 million Bitcoin short and booked fresh profits, bringing its lifetime total to over $100 million on Hyperliquid. Revolut won a MiCA license in Cyprus and hinted that a stablecoin could be next. Ledger introduced its new Nano Gen 5 wallet, featuring a redesign from Apple designer Susan Kare. Trezor launched the “quantum-ready” Safe 7 hardware wallet.

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💡 DMK Insight

Crypto’s recent rebound signals potential momentum shifts, and here’s why that matters: With BTC hovering around $110,800 and ETH at $3,940, the upward movement could indicate a broader bullish sentiment across the market. The 1% rise in BTC and 2% in ETH suggests that traders are regaining confidence, possibly driven by positive macroeconomic signals or institutional interest. Keep an eye on the $112,000 resistance level for BTC; a break above could trigger further buying pressure. Additionally, SOL’s performance at $191 shows that altcoins are also gaining traction, which could lead to a rotation of capital from BTC and ETH into smaller caps. However, it’s worth noting that while the top movers like MYX and VIRTUAL are seeing significant gains, these could be short-lived if profit-taking occurs. Traders should monitor the overall market sentiment and volume, especially on the daily charts, to gauge whether this rally has legs. Watch for any news that could impact market sentiment, as volatility remains a constant in crypto. If BTC can hold above $110,000, it may attract more buyers looking for a breakout.

📮 Takeaway

Watch BTC’s resistance at $112,000; a breakout could signal a stronger bullish trend, while profit-taking in altcoins may create volatility.

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