Why should you care about today’s crypto market dip? Because every little move in Bitcoin and Ethereum affects your portfolio’s value, your investment decisions, and the future of a whole new digital economy. Plus, with Jerome Powell hinting that this could be the last rate cut of the year, now’s the time to stay informed and ahead of the game.
Market Developments
The overall crypto market saw a slight dip of about 1.8%, influenced by Federal Reserve Chair Jerome Powell’s hint that the 25 basis points interest rate cut in October might be the last for 2025. This modest downturn contrasted with a recent severe flash crash earlier this month.
The crypto market cap dropped to around $3.89 trillion with trading volume rising slightly to $171 billion. Despite the dip, some analysts remain cautiously optimistic due to easing monetary conditions supporting upward momentum for risk assets like Bitcoin.
The Crypto Fear and Greed Index has slightly decreased.
Bitcoin and Ethereum Price Movements
Bitcoin fell about 1.6% over the last 24 hours to nearly $111,000, though price movements showed volatility with a 24h high near $113,690 and a low near $107,924. Bitcoin’s trading volume was approximately 486,470 BTC or $53.57 billion in USD value. Ethereum was down roughly 2% to just over $3,900, reflecting similar market pressures.
Key On-Chain Bitcoin Metrics (Last 24h)
| Metric | Value |
|---|---|
| 24h Price Range | $107,924 – $113,690 |
| 24h Volume (BTC) | 486,470 BTC |
| 24h Volume (USD) | $53.57 billion |
| Block Height | 921,420 |
| Blocks Mined | 132 |
| Median Fee (Next Block) | 2 sat/vB |
| Transactions in Mempool | 1,223 |
| Average Block Time | 11:04 minutes |
| Market Cap | $2.19 trillion |
In the BTCUSD position, the Stop Loss order was triggered. The bear market has strengthened. We incurred small losses. The replenishment order now becomes a buy order and we keep it in the same place. If the bear market persists longer, we will set the order lower…
Key On-Chain Ethereum Metrics (Last 24h)
| Metric | Value |
|---|---|
| Ethereum Price | $3,905.50 |
| Daily Transactions | 1.644 million |
| Change in Transactions (24h) | +3.24% |
| Average Transaction Fee | $0.41 |
| Market Cap | Approx. $466B (typical range) |
The situation in the ETHUSD position is similar, with a small loss experienced. The price is currently fluctuating around the Fibonacci 0.236 retracement level. We are simply monitoring the market situation at this time.
Best Performing Altcoin of the Day
The top performing altcoin today was Gari Network (GARI), posting a remarkable gain of +278.83%. Other notable gainers include OKB (+119.33%) and OpenVision (+95.77%).
Reasons for Market Movements
- Federal Reserve monetary policy signals, especially the indication that rate cuts may pause, affecting risk sentiment.
- Investor caution after a recent massive crypto liquidation event in early October.
- Continued institutional interest and ETF inflows globally supporting medium-term positive outlook.
- Technical resistance and support levels influencing short-term trading behavior, especially around Bitcoin’s $110k-$115k area.
Market and Price Predictions
Bitcoin is forecasted by AI-based models and expert analysts to trade in the range of $128,000 to $136,000 by October 31, 2025, with potential to exceed $140,000 if momentum and ETF inflows accelerate. Some bullish voices predict end-of-year prices between $150,000 and $200,000 due to rising institutional interest. Ethereum’s price outlook remains cautiously bullish supported by ongoing network usage growth and scaling developments.
Crypto Projects with High Growth Potential
- Bitcoin – Continued institutional adoption and ETF inflows.
- Ethereum – Increasing transaction volume and network upgrades.
- Gari Network (GARI) – Exceptional short-term price performance and community engagement.
- Other promising projects worth monitoring include Layer 2 solutions on Ethereum and emerging Web3 infrastructure tokens which benefit from the growing DeFi and NFT ecosystem expansion.
Crypto Conclusion
Crypto markets took a little dip, but don’t worry—this roller coaster just took a tiny hiccup before the next big climb. Keep your seatbelt fastened, and remember, even Bitcoin had its awkward teenage years!
Source: Coincentral.com, Tradingview.com, Coinranking.com, Coingecko.com, Coinmarketcap.com
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