MARKET FULLY BULLISH
The cryptocurrency market is seeing gains on October 24, 2025, driven by optimism surrounding a US-China presidential meeting and rising institutional interest
. The global crypto market capitalization has increased, with Bitcoin and Ethereum prices rising. However, some analysts note that the rally is also marked by a "near trillion dollar gap between altcoins and the largest digital asset," as crypto traders are shunning altcoins.
Key market highlights:
Market Cap: The global crypto market cap is up, with some reports noting a 1.6% rise to $3.81 trillion and others a 2.02% increase to $3.72 trillion.
Bitcoin (BTC): Bitcoin has climbed above
Ethereum (ETH): Ethereum has also seen gains, though some analysts are noting negative pressure. Its price could move by as much as 2.9% following the US CPI report.
Altcoins: Major altcoins are generally seeing gains, but traders are reportedly shunning them in favor of larger assets like Bitcoin, creating a significant value gap. Despite this, sector-specific narratives like those involving the Solana ecosystem are driving concentrated speculative bursts in some tokens.
Market sentiment: The market's overall sentiment remains cautious despite the gains, with the Fear and Greed Index reportedly at 30. The market is in a phase of indecision as Bitcoin tests key resistance levels.
Institutional Adoption: Institutional interest remains a significant driver for the market. Fidelity has expanded its crypto offerings to include Solana, and a Swiss bank, Sygnum, is set to launch a Bitcoin-backed loan platform. MicroStrategy is also reportedly expanding its Bitcoin holdings.
US CPI Report: The US inflation report is a key upcoming event, with a softer-than-expected reading potentially boosting crypto sentiment.
WazirX: The Indian crypto exchange WazirX is restarting operations and trading in a phased manner starting today, after a security breach last year.