Crypto Market Rebounds: BTC, ETH Rise as Altcoins Lead Gains on Ecosystem News

I. Crypto Market Overview

Key Takeaways

Macro Environment

Markets are focused on the upcoming US September CPI release, which could accelerate Fed rate cut expectations and impact crypto liquidity. US-China trade tensions have eased ahead of the APEC Summit, supporting risk appetite and a crypto rebound. Japan's FSA is considering reforms to allow banks to hold crypto, signaling growing institutional integration.

Crypto Market

The crypto market is stabilizing after last week's sharp sell-off, with Bitcoin up 0.96% at $107,997 and Ethereum rising 1.99% to $3,945.58 in the past 24 hours. Altcoins show mixed performance; Mantle (MNT) surged 11.9%, FET gained 10.2%, and Zcash (ZEC) rose 10.2%, driven by ecosystem growth, AI token merger news, and privacy coin demand, respectively.

Today's Outlook

Today, LayerZero (ZRO) unlocks 23 million tokens (~$39M), which may impact circulating supply and market sentiment. The People's Bank of China announces new LPR rates, potentially influencing regional liquidity and risk appetite. Major token unlocks for Plasma (XPL) and Venom (VENOM) are also scheduled, adding to market volatility.

Fear and Greed Index

28.00% Annual Percentile

27 Fear

Total Crypto Market Cap

$3.65T

0.82%

Total Market Trading Volume

$139.15B

27.37%

Altcoin Season Index

0.00%

Quarterly Percentile

24 / 100

Total Futures Market Open Interest

3.43B

0.05%

Futures

939.76B

1.67%

Perpetuals

II. Industry Updates

Macro-economic Policies

The US September CPI will be released this Friday, serving as the only major economic indicator before the October 29 FOMC meeting; a lower-than-expected print could accelerate Fed rate cuts, directly impacting BTC and DeFi liquidity.

US President Trump and China's Xi Jinping will meet at the APEC Summit on October 31, easing trade tensions; this has triggered a 2-4% rally in Bitcoin and major crypto assets as risk appetite improves.

Federal Reserve Chair Jerome Powell signaled a potential end to balance sheet reduction soon, indicating a dovish shift; this increases expectations for monetary easing, which is typically bullish for crypto market flows.

China's new rare earth export controls are expected to disrupt global supply chains and increase demand for hard assets like Bitcoin and gold, as investors seek decentralized hedges against policy-driven volatility.

The US national debt has reached a record $37.9 trillion, intensifying fiscal sustainability concerns; this environment may enhance the appeal of cryptocurrencies as alternative risk-off assets.

Cryptocurrency Regulatory Trends

Japan's Financial Services Agency is considering regulatory reforms to allow banks to hold and trade cryptocurrencies like Bitcoin, aiming to integrate digital assets into the mainstream financial system. This move could boost institutional participation and investor confidence in the Japanese crypto market.

The UK tax authority has intensified its oversight of crypto investors, sending 65,000 warning letters to enforce tax compliance. Enhanced data sharing from exchanges and upcoming OECD reporting rules are expected to increase transparency and regulatory pressure on UK crypto holders.

Chinese tech giants Ant Group and JD.com have suspended plans to issue stablecoins in Hong Kong after intervention from Chinese regulators, reflecting Beijing's cautious stance on private sector digital currencies and potentially limiting stablecoin innovation in the region.

The US SEC has approved the inclusion of Stellar (XLM) in the Hashdex Nasdaq Crypto Index ETF, expanding regulated institutional access to altcoins beyond Bitcoin and Ethereum. This development may attract new capital to the cross-border payments sector and diversify crypto ETF offerings.

South Korea's new alternative trading system, Nextrade, has rapidly captured 30% of the local stock market volume, prompting regulatory scrutiny and trading caps. This highlights the growing impact of fintech platforms and the need for adaptive regulatory frameworks in digital asset markets.

Mantle (MNT): MNT surged 11.7% in 24h to $1.85, driven by $345.9M trading volume and strong ecosystem growth, with over 51% of supply in circulation and recent DeFi integrations.

Artificial Superintelligence Alliance (FET): FET rose 10% in 24h to $0.286, fueled by $210M volume and news of the Fetch.ai, SingularityNET, and CUDOS token merger into a universal AI token ($ASI).

Zcash (ZEC): ZEC climbed 9.5% in 24h to $242.93, with $371M volume, as privacy coin demand increased and recent all-time low rebound attracted new capital inflows.

Smart Money Movements

Strategy increased its Bitcoin holdings by 850 BTC, bringing its total to 639,835 BTC valued at $7.2 billion, representing 61% of all publicly listed company reserves.

BitMine Immersion Technologies acquired 379,271 ETH worth nearly $1.5 billion in three transactions, raising its total Ethereum holdings to over 3 million ETH, or 2.5% of supply.

Ethereum saw $995.8 million in stablecoin inflows within 24 hours, marking the largest single-day increase and signaling heightened network liquidity.

6th Man Ventures purchased $1.5 million in MetaDAO (META) tokens at $6.35 each, causing META's price to surge 32.5% to $8.34 within 24 hours.

A Bitcoin whale opened a $76 million short position on HyperLiquid, using 10x leverage on 700 BTC at an entry price of $109,133.1.

Events to Watch

Oct 20 (Mon)

LayerZero (ZRO) unlocks 23 million tokens (~$39M); Plasma (XPL) and Venom (VENOM) major token unlocks; PBoC announces China LPR rates.

Oct 21 (Tue)

MANTRA and EleveX launch tokenized real estate project; MANTRA (OMUSD) unveils roadmap update at Agentic Summit; Canada releases September CPI data; Federal Reserve holds payment innovation conference.

Oct 22 (Wed)

Scroll unlocks 82.5M tokens (43.42% supply, ~$14.67M); UK releases September CPI data; Zilliqa (ZIL) hard fork upgrade; Fed Payment Innovation Conference closing remarks.

Oct 23 (Thu)

Zora unlocks 166.67M tokens (4.55% supply, ~$91.43M); Zora (ZORA) token unlock worth 22.4% of market cap.

Oct 24 (Fri)

US September CPI, core CPI, and inflation data released at 8:30am ET; US Q3 GDP data; US S&P Global Manufacturing/Services PMI preliminary value at 21:45.

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