Current Cryptocurrency News as of October 28, 2025: Bitcoin Maintains Its Position, Altcoins Rise, Institutional Investors Return to the Market. Trends Analysis, Macroeconomics, and Top 10 Popular Cryptocurrencies.
Market Overview: Continued Stabilization
As of the morning of October 28, the cryptocurrency market shows signs of further stabilization following recent volatility. Bitcoin remains above the psychologically significant level of $110,000 and is attempting to develop a recovery—current levels are approximately 3% higher than the figures from a week ago. The total market capitalization of digital assets is again approaching $4 trillion, reflecting a gradual return of demand. Investor sentiment is cautiously optimistic: improvements in the macroeconomic backdrop (in anticipation of a Federal Reserve interest rate cut at the meeting on October 29) and a reduction in geopolitical tensions support the appetite for riskier assets. Leading altcoins are also on the mend: most of the top 10 coins are in the "green zone," rebounding by 5–10% from mid-month lows.
Bitcoin: Maintaining Position and Attempting Growth
The largest cryptocurrency, Bitcoin (BTC), is consolidating around $115,000 after undergoing a correction in mid-October. Earlier this month, BTC briefly reached a new all-time high (~$126,000) amidst the excitement surrounding the launch of the first spot ETF in the U.S.; however, it subsequently retraced (to ~$106,000 at its lowest point). Currently, Bitcoin is firmly holding above $110,000, demonstrating resilience: a key support level around $100,000 held steady during the sell-off, which strengthened market participants' confidence. Although the current price is still approximately 8-9% below its record peak, the positive dynamics of recent days indicate attempts to return to an upward trend.
The fundamental metrics of the Bitcoin network remain robust. The total network hash rate is close to record levels, reflecting miners' confidence and the absence of capitulation even amid recent price declines. Long-term investors have also capitalized on the correction: on-chain metrics indicate an increase in balances on major addresses, signaling accumulation of coins during dips. Additional support for BTC comes from sustained institutional interest: the ongoing inflow of funds into Bitcoin exchange-traded funds and purchases by major players (such as the recently increased purchase of 400 BTC by mining company Marathon Digital) affirm Bitcoin's status as "digital gold" and a hedge asset.
Ethereum: Resilience and Network Development
The second-largest crypto asset, Ethereum (ETH), is displaying a similar recovery trend. Earlier this month, ETH rose to approximately $4,500 before the broad market correction brought its price down to around $3,900. Currently, Ethereum is trading near ~$4,000, recovering some of its losses (around +4% for the week). Despite volatility, Ether confidently retains its position as the foundational platform for decentralized finance (DeFi) and NFTs, with a market capitalization of about $480 billion.
Institutional interest in Ethereum remains high and is even strengthening. Open interest in ETH futures on the Chicago Mercantile Exchange has reached an all-time high, indicating expectations from major participants regarding further growth in Ether. Additionally, regulators in recent months have approved a series of investment products based on Ethereum—including funds tied to staking yield from ETH—broadening access for large investors to this asset. Fundamental metrics of the network also inspire optimism: the number of active Ethereum addresses consistently exceeds 600,000 daily, and over 35 million ETH (about 30% of the total supply) is locked in staking contracts. These factors maintain community trust and enhance the perception of Ethereum as a long-term asset with significant growth potential.
Altcoins: Market Rebound and New Drivers
The broader altcoin market is gradually reviving after the mass sell-off in mid-October. Most leading coins are demonstrating a confident rebound as investors return to riskier assets amid decreasing uncertainty. Solana (SOL) particularly stands out—it has returned to the $200 per coin range due to a combination of overall market growth and positive news. Recently, the world's first spot ETF on Solana (on a Hong Kong exchange) was launched, increasing project recognition and attracting additional attention. Against this backdrop, SOL has strengthened by about 8% over recent days. In general, top altcoins—from XRP to Dogecoin—are trading in the green, moving in sync with Bitcoin and Ether's recovery.
Some cryptocurrencies are showing additional growth drivers due to fundamental events. Notably, the Ripple (XRP) token remains near multi-year highs (above $2.5) amidst ongoing institutional progress for Ripple: following a legal victory against the SEC in 2023, the company is expanding partnerships with banks and even seeking a banking license, which boosts confidence in XRP for cross-border payments. Cardano (ADA), despite a relatively restrained price dynamic (around $0.75 after a decline), is also attracting attention due to recent technological updates (such as the implementation of the Hydra scaling protocol), laying the groundwork for future ecosystem growth. Hence, the altcoin market at the end of October demonstrates a moderately positive sentiment, although volatility still remains above average levels.
Market Leaders: Top 10 Most Popular Cryptocurrencies
- Bitcoin (BTC) – The first and largest cryptocurrency. Currently, BTC is trading around $115,000 per coin, with a market capitalization exceeding $2.1 trillion. Bitcoin sets the tone for the entire cryptocurrency market and is perceived by investors as "digital gold," a reliable asset for long-term value preservation.
- Ethereum (ETH) – The second-largest digital asset (~$4,000, cap. ≈ $480 billion). Ethereum is the primary platform for smart contracts, DeFi applications, and NFTs. The network's transition to a Proof-of-Stake mechanism and the accumulation of over 35 million ETH in staking strengthen investor confidence, while the development of layer-two solutions boosts the scalability of the ecosystem.
- Tether (USDT) – The largest stablecoin, pegged to the U.S. dollar at a 1:1 ratio (capitalization ~ $83 billion). USDT consistently trades at $1.00 and serves as a key source of liquidity in the cryptocurrency market, widely used for trading, payments, and risk hedging.
- Binance Coin (BNB) – The native token of the largest cryptocurrency exchange Binance and the BNB Chain (~$1,150; cap. ~ $180 billion). BNB is used to pay for fees and access services within the Binance ecosystem. Despite increasing regulatory pressure on the industry, BNB's price has significantly risen over the year, and the coin remains among market leaders due to its broad range of applications (exchange services, DeFi, etc.).
- Ripple (XRP) – The cryptocurrency of the Ripple payment network for global transfers (~$2.6; cap. ~ $125 billion). Following an important legal victory in 2023, affirming XRP's legal status in the U.S., institutional interest in the token has noticeably increased. XRP remains among the largest coins, holding strong positions in the cross-border payment segment due to its fast and low-cost transactions.
- Solana (SOL) – The coin of the high-performance blockchain platform Solana (~$200; cap. ~ $78 billion). Solana offers high transaction speeds and low operational costs, attracting numerous DeFi and NFT projects to its base. The recent launch of the first ETF on SOL has boosted investor interest in this coin, although its price volatility remains elevated.
- USD Coin (USDC) – The second most significant stablecoin from Circle (cap. ~ $30 billion). USDC is fully backed by reserves and is transparent for auditors. It consistently trades at $1.00 and is highly sought after by both institutional investors and the DeFi sector for reliable entry and exit into digital assets.
- Cardano (ADA) – The cryptocurrency of the Cardano platform, developed through a research-driven approach (~$0.75; cap. ~ $26 billion). The project is regularly updated (e.g., the recent implementation of the Hydra scaling protocol), which strengthens the technological foundations of the network. Although ADA's price growth has been relatively restrained as of late, the coin retains its place in the top 10 due to its active community and long-term investor expectations.
- Dogecoin (DOGE) – The most well-known "meme" cryptocurrency (~$0.20; cap. ~ $28 billion). Initially created as a joke, DOGE is now supported by a dedicated community and occasional attention from famous personalities. Dogecoin's volatility is traditionally very high; however, this coin continues to hold its place in the top 10, demonstrating surprising resilience in interest from retail investors.
- TRON (TRX) – The token of the blockchain platform Tron (~$0.33; cap. ~ $30 billion). Tron is known for its high network throughput and is widely used for issuing stablecoins (a significant portion of USDT circulates on this blockchain). The popularity of the Tron ecosystem, especially in the Asian region, helps TRX remain among the market capitalization leaders.
Institutional Investors and Market Sentiments
After a surge of capital in summer, institutional investors took a pause in the fall amidst the market correction; however, interest from major players in cryptocurrencies is once again rising towards the end of October. Data from investment funds indicate that after an outflow in the first half of the month, there has been a new inflow of capital: investors utilized the price drop to accumulate Bitcoin and Ethereum at lower levels. The emergence of new exchange products also stimulates the inflow of "smart money." For instance, the launch of the spot ETF on BTC by BlackRock in early October led to the attraction of more than $1.5 billion in the first weeks of the fund's operation, followed by the introduction of altcoin-based products on global platforms (such as the recent ETF launch on Solana). Major management firms, including Fidelity and Invesco, are anticipating decisions on their applications for launching their crypto ETFs, including those focusing on Ether and other top-10 assets, signaling a long-term strategy from institutional players to enter the crypto sector.
Despite a surge of volatility in mid-month, market sentiment has significantly improved. The "fear and greed" index, which dropped to the extreme fear zone (below 25 points) during the October crash, has now risen to around 35, reflecting a shift in sentiment toward a more neutral-optimistic outlook. Major players, as indicated by derivatives market data, are once again opening long positions: open interest in Bitcoin futures and options has increased following the downturn, although it has yet to reach pre-correction peaks. Overall, institutional investors signal a sustained confidence in the long-term potential of cryptocurrencies, viewing the current situation as an opportunity to build positions.
Regulation and Macroeconomics: Influencing Factors
External factors and regulatory news continue to play a significant role in the crypto market. The global regulatory environment is slowly improving: unified MiCA rules are coming into effect in the European Union, aimed at ensuring transparency and protecting investors in the crypto industry. In the U.S., lawmakers are advancing comprehensive cryptocurrency legislation that is expected to define the legal status of digital assets and simplify the launch of spot ETFs. Increased attention is also being given to stablecoins—with the first law regulating stablecoins adopted in the summer, creating a foundation for oversight of this segment. Concurrently, safety standards in the crypto industry are rising: law enforcement agencies are actively clamping down on illegal operations, as evidenced by the recent largest seizure of illegally obtained crypto assets by the U.S. Department of Justice.
The macroeconomic environment at the end of October is shaping up in favor of risk assets, including cryptocurrencies. September inflation data in the U.S. came in lower than expected, bolstering expectations for a softening of monetary policy. At the upcoming Federal Reserve meeting on October 29, futures markets estimate a greater than 90% likelihood of a 0.25% cut in the benchmark rate. This would be the first rate cut in 2025 and a signal of a pivot in monetary policy, which typically supports prices of crypto assets. Investors are already pricing in this scenario: stock indices and cryptocurrencies have been rising in anticipation of the Federal Reserve's decision. If the regulator aligns with forecasts and provides "dovish" signals about further easing, the crypto market could receive an additional boost for growth by the end of the year. Conversely, a more hawkish rhetoric or delay in rate cuts could lead to a short-term spike in volatility and a strengthening of the dollar, temporarily cooling enthusiasm in the digital asset market.
Cryptocurrency Market on the Morning of October 28, 2025
Prices of major cryptocurrencies:
- Bitcoin (BTC): $115,500
- Ethereum (ETH): $4,050
- XRP (XRP): $2.58
- BNB (BNB): $1,130
- Solana (SOL): $200
- Tether (USDT): ₽81.50
Market Indicators:
- Cryptocurrency market capitalization: ≈ $3.95 trillion
- Bitcoin's share: ~58%
- Fear and greed index: 35 (fear)
