Latest Cryptocurrency News as of October 29, 2025: Bitcoin, Altcoins, Market Trends, and Investor Forecasts.
The cryptocurrency market is displaying a confident upward trajectory as we approach the middle of the week: Bitcoin is trading near record highs, with leading altcoins following suit. Investors are exhibiting cautious optimism amid improving macroeconomic conditions and expectations of a significant decision from the U.S. Federal Reserve regarding interest rates, to be announced today. The total cryptocurrency market capitalization has reached approximately $3.9 trillion, nearly recovering from the declines observed at the beginning of October. The Fear and Greed Index has emerged from the “fear zone” and climbed to a neutral level (51 out of 100), reflecting decreasing concerns and an increased interest in riskier assets.
Bitcoin Nears New Heights
The flagship cryptocurrency Bitcoin (BTC) has confidently bounced back after a dip in the middle of the month and is now trading around $114,000. In recent days, the BTC price climbed above $116,000 – the first time since October 10, when the market experienced a crash. The initial drop was triggered by U.S. President Donald Trump’s announcement of 100% tariffs on goods from China, which led to a wave of sell-offs. However, clarifications from the White House that China could avoid these tariffs helped Bitcoin quickly regain its lost ground.
Currently, the BTC price is approximately 10% below its all-time high (around $126,000, reached in early October). The market is consolidating: the trading range has narrowed to levels between $105,000 and $113,000, with resistance noted around $115,000 and strong support at the psychological mark of $100,000. Over the past week, Bitcoin has gained about 5% and has a chance to finish October in the green. Bitcoin's market dominance stands at around 59%, the highest level in recent years, underscoring Bitcoin's defining influence on the entire cryptocurrency market.
Ethereum and Altcoins Gaining Momentum
The second-largest crypto asset, Ethereum (ETH), is also demonstrating positive momentum. The ETH price has stabilized around $4,200, bouncing back from previous weeks' lows (last week, it reached $4,250). While current values are approximately 15% lower than the all-time high (nearly $5,000 in August), Ethereum has grown over 60% over the past year. Ethereum remains the key platform for the decentralized finance (DeFi) ecosystem and blockchain applications (including NFTs), which keeps demand for its token high. Following the network's transition to a Proof-of-Stake algorithm in 2022, Ethereum has become more energy-efficient, and its emission model makes it a potentially deflationary asset under high demand.
Most other altcoins are also in the "green zone." Several minor tokens are showing double-digit gains within a day (for example, Pi Network has increased by over 30%), indicating a return of speculative activity. There are few clear underperformers in the market – even riskier coins are maintaining their positions. Major altcoins like Binance Coin (BNB), XRP, Cardano (ADA), Solana (SOL), and others are confidently rising alongside the leaders. The meme cryptocurrency Dogecoin (DOGE) continues to hold a position among the largest coins.
Macroeconomic and Regulatory Factors
External conditions continue to influence the sentiments of the cryptocurrency market. The key event of the day will be the Federal Reserve meeting on October 29: it is expected that the regulator will announce a cut in the key interest rate – the first reduction in several years. This decision will signify a shift towards a more accommodative monetary policy. Analysts predict that a softer tone from the Fed will provide additional impetus for the growth of cryptocurrency prices, as lower rates increase the attractiveness of risky investments. However, should the central bank refrain from easing or make hawkish statements, spikes in volatility and profit-taking could occur in the market.
A recent example of the impact of policy was observed in early October when Trump’s tariff announcement on Chinese imports led to panic selling: Bitcoin and other assets experienced significant drops. Later, hints at a compromise (the U.S. willingness to delay the introduction of tariffs) aided in the market's rebound. Overall, the Trump administration is currently adopting a more favorable stance towards the crypto industry: in the first year of the new presidential term, laws were enacted that enhanced legal clarity, and pardons were issued for several industry participants. Along with the launch of the European MiCA regulatory framework and the supportive positions of countries like the UAE and Singapore, this creates a positive environment for the market's further development.
Institutional Interest and Capital Inflows
Since 2024, following the approval of the first spot Bitcoin ETFs in the U.S., interest from large investors in digital assets has noticeably increased. In recent weeks, there has been a record influx of capital into cryptocurrency funds – around $450 million in a week, with approximately $324 million flowing into BlackRock's Bitcoin ETF. Even amidst the recent downturn, institutional investors have not rushed to exit the market: the total assets under management for the largest Bitcoin funds remain close to their highs. This indicates confidence among major players and provides stability to the market. The increasing share of institutional investors also enhances liquidity and gradually reduces volatility, strengthening trust in cryptocurrencies across all categories of investors.
Top 10 Most Popular Cryptocurrencies
Below is a list of the ten most popular and largest cryptocurrencies as of today, along with a brief description of each:
- Bitcoin (BTC) – The first and largest cryptocurrency, often referred to as "digital gold." Bitcoin was launched in 2009 and has since become a recognized store of value and hedge against inflation. It has a capped supply (21 million coins) and continues to dominate the cryptocurrency market.
- Ethereum (ETH) – The second-largest cryptocurrency by market capitalization and the leading smart contracts platform. It underpins the DeFi ecosystem and numerous blockchain applications (including NFTs). The Ether token is used for fees and transactions on the network. Following the transition to Proof-of-Stake, Ethereum has become more energy-efficient, and its coin emission model provides potential deflationary characteristics under high demand.
- Tether (USDT) – The largest stablecoin, pegged to the U.S. dollar at a 1:1 ratio. USDT serves as the digital equivalent of the dollar and is widely used by traders to hedge against volatility and for settlements between exchanges. Tether's issuance is backed by reserve assets, maintaining its peg to $1.
- Binance Coin (BNB) – The native token of the largest cryptocurrency exchange, Binance, and the fundamental asset of the BNB Chain blockchain. BNB is used to pay for trading fees on the exchange with discounts and in Binance ecosystem applications (including participation in new projects). Due to the scale of the Binance platform, BNB ranks among the leaders by market capitalization.
- USD Coin (USDC) – The second-largest stablecoin, also pegged to the U.S. dollar. Issued by the Centre consortium (Circle and Coinbase), it focuses on transparency in reserves. USDC is widely used in the DeFi sector and for settlements between platforms, ensuring a stable price around $1.
- XRP (Ripple) – The token of the Ripple payment network, designed for fast and cheap international transfers. It serves as an intermediary currency for exchanges between various fiat currencies, targeting banks and payment systems. Ripple's recent court victory against the SEC has eliminated regulatory uncertainty and increased interest in XRP.
- Cardano (ADA) – A blockchain platform that develops with an emphasis on a scientific approach and formal verification. It offers functionalities for smart contracts and decentralized applications, operating on the Ouroboros Proof-of-Stake algorithm. The ADA cryptocurrency is used for staking and fee payments; the project attracts investors with its long-term development roadmap and active community.
- Solana (SOL) – A high-speed blockchain network with low fees, popular for DeFi and NFT applications. It can handle thousands of transactions per second, drawing developers of decentralized applications. Despite technical failures in 2022, Solana has rebounded and re-established itself among the largest crypto assets.
- Dogecoin (DOGE) – The most well-known meme cryptocurrency, which started as a joke but has gained a considerable following. It has an unlimited supply and high inflation but continues to hold strong market positions due to viral popularity and support from notable entrepreneurs (e.g., Elon Musk). It is used for small online payments and tips, symbolizing the impact of meme culture on the market.
- Tron (TRX) – A blockchain platform with high throughput, widely utilized for issuing and transferring stablecoins (a significant portion of USDT circulates on the Tron network due to its low fees). The TRX token is used for transaction payments and operates decentralized applications within the Tron ecosystem. Tron remains one of the market leaders.
Thus, by the end of October 2025, the cryptocurrency market is steadily recovering from recent upheavals. Bitcoin and leading altcoins are trading near local highs, while institutional support enhances confidence in the sector. Investors remain vigilant regarding regulatory actions and macroeconomic events – their outcomes will determine whether the current rally will evolve into sustainable market growth by the year's end.
