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Why Is Crypto Up Today? โ€“ October 15, 2025
Yahoo Financeยท 2025-10-15 12:08
Market Overview - The cryptocurrency market capitalization has increased by 2.3%, reaching $3.98 trillion, with a total trading volume of $246 billion [1][2] - 95 out of the top 100 coins have appreciated in value over the past 24 hours, indicating a positive market trend [1][4] Top Performers - Bitcoin (BTC) has risen by 0.8%, currently trading at $112,676, while Ethereum (ETH) has increased by 3.9% to $4,159 [2][3] - Solana (SOL) recorded the highest increase among the top coins, rising by 5.3% to $206 [3] - ChainOpera AI (COAI) saw a significant rise of 115% to $16, while Zcash (ZEC) increased by 13% to $262 [4] Market Sentiment and Reactions - The market is reacting to US Federal Reserve Chair Jerome Powell's speech, which suggested a potential end to the $6.6 trillion balance sheet reduction and the possibility of further interest rate cuts [5] - Despite the overall market gains, crypto market sentiment has dropped into the fear zone, indicating caution among traders [2] Trading Restrictions - There have been reports of major exchanges blocking small orders and restricting trading during significant market movements, leading to compensation claims in the hundreds of millions [6]