The crypto market saw a broad correction on October 28, 2025, with major cryptocurrencies like Bitcoin and Ethereum experiencing declines. Bitcoin fell 0.80% to around $114,000, while Ethereum dropped 1.43% below $4,200. Other cryptocurrencies showed mixed performance, with some like Hedera (HBAR) seeing gains, while others like Binance Coin (BNB) and Cardano (ADA) saw declines.
Despite the overall market correction, cryptocurrency exchange-traded funds (ETFs) for Bitcoin and Ethereum saw continued inflows. New crypto ETFs focused on smaller cryptocurrencies also launched on Wall Street.
Bitcoin (BTC): In trading on October 28, 2025, Bitcoin's price was down, with some reports showing a decline of 0.80% to trade around $114,000. One source showed a 24-hour trading range between $113,483 and $115,790.
Ethereum (ETH): Ethereum experienced a drop of 1.43% to trade below $4,200 on October 28, 2025. Data from one source showed a decline of 1.27% in the past 24 hours to approximately $4106.38.
Binance Coin (BNB): Down 2.03% to $1132.39.
XRP (XRP): Up 1.51% to $2.6475.
Solana (SOL): Up 1.17% to $201.62.
Top headlines
Crypto ETFs: New exchange-traded funds for smaller cryptocurrencies debuted on Wall Street, including the Bitwise Solana Staking ETF (BSOL). This happened despite a government shutdown, which was a procedural quirk that issuers capitalized on.
Institutional inflows: Despite the broader market correction, spot ETFs for Bitcoin and Ethereum continued to see inflows from institutions.
Trump family crypto ventures: Eric Trump promoted the family's crypto business in Dubai. The family's crypto venture, World Liberty Financial, has reportedly generated significant revenue from crypto asset sales.
Tether Gold (XAU₮) milestone: The tokenized gold product surpassed $2 billion in value, a sign of strength amid rising gold prices and increased interest in real-world asset (RWA) tokenization. #BTC @Bitcoin.com $BTC
