On the evening of October 20, the cryptocurrency market rebounded collectively after several days of deep declines. According to data from OKX, over the past 24 hours, Bitcoin (BTC) surged by over 2%, reaching $110,700.
Altcoins followed suit. Ethereum (ETH) rose by more than 2%, hitting $4,029; BNB increased by over 1%, reaching $1,110; XRP gained 3.2%; and Solana (SOL) climbed by over 1%, reaching $191.
As reported by CoinDesk, following a significant sell-off that wiped out over $500 billion in market capitalization, Bitcoin’s price has seen a slight recovery but remains down approximately 4% in October.
Bitcoin is currently trading at $110,700. Source: OKX
The recovery was bolstered by positive global market sentiment, following U.S. President Donald Trump’s indication of potential easing in import tariffs, coupled with the Federal Reserve’s (Fed) suggestion of slowing monetary tightening by year-end.
Cryptocurrency expert Linh Tran (XS.com) noted that Bitcoin is in a reaccumulation phase after a short-term correction, as institutional investor demand remains strong and the market gradually stabilizes.
On-chain data reveals that over the past 30 days, the amount of Bitcoin held by institutions increased by 8.4%, reaching 4.04 million Bitcoin.
However, experts caution that the recovery may not be sustainable, as a strong U.S. dollar, high U.S. bond yields, and geopolitical risks remain significant obstacles.
Today’s Crypto Market, October 19: How a 2-Person Company is Diving into Digital Assets
Bitcoin’s price trajectory is under scrutiny as experts forecast a potential dip to $95,000, with some even suggesting a further decline to the $91,000 range.
Unleashing New Products to Dominate the Stock Market
Vietnam’s stock market is entering a new era, brimming with anticipation for transformative change.
Today’s Crypto Market, October 18: Surging Back to Life
Should Bitcoin surpass the $108,500 mark with substantial trading volume, the upward momentum could propel it toward the $110,000–$112,000 range, with further potential to reach $114,000.
Money Laundering in the Digital Asset Era: Acquiring Clean Projects with Dirty Money, Then Crashing Them to Erase Traces
Unveiling a sophisticated money laundering scheme, bad actors create seemingly legitimate crypto projects, only to purchase them with illicit cryptocurrency assets. They then transfer the funds back to themselves before ultimately collapsing the project, effectively erasing any trace of their malicious activities.
Silver Prices Surge Past $2,500 per Kilogram
Silver prices today continue their robust upward trajectory, both domestically and internationally.
