THE CRYPT MARKET

Optimism has returned to the crypto market on October 24, 2025, with Bitcoin topping $111,000, fueled by hopes for a U.S. Federal Reserve interest rate cut and easing U.S.-China trade tensions. The rally has pushed the overall crypto market cap past $3.7 trillion, though some analysts warn that the market's long period of low volatility could be a precursor to a larger shift. 

market trend:

Bitcoin gains on macro news: BTC climbed over 2% to reach $111,155 on optimism surrounding an upcoming US-China presidential meeting and anticipation of a favorable U.S. Consumer Price Index (CPI) report.

Altcoin rally: Major altcoins, including Ethereum, BNB, XRP, and Solana, also posted strong gains, with some surging up to 6.87%. However, some traders are reportedly moving capital from altcoins back into Bitcoin, creating a large market value gap.

Institutional interest shifts: The improved sentiment follows a period of heavy institutional outflows from Bitcoin spot ETFs earlier in the month, which caused BTC to lose significant ground.

Decentralized exchange volume surges: On-chain perpetual-focused decentralized exchanges (DEXs) recorded their highest monthly trading volume ever in October, surpassing $1 trillion.

Global crypto regulation evolves:

EU sanctions: The EU has approved its 19th package of sanctions against Russia, for the first time targeting crypto assets and exchanges used for circumvention.

Kenya introduces crypto insurance: In a first for Africa, Kenya has proposed a framework for crypto insurance, a move seen as a major step toward regulating and integrating digital finance into its local economy.

Canada's mining ban: The province of British Columbia has formally banned new crypto mining operations from its hydroelectric grid, citing energy demands and limited economic benefits. 

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