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Why Is Crypto Down Today? – October 29, 2025
Yahoo Finance· 2025-10-29 12:24
Market Overview - The global cryptocurrency market capitalization has decreased by 1.6%, now standing at $3.89 trillion, with a 24-hour trading volume of $171 billion, indicating a slight increase despite overall declines in major assets [1][8]. Crypto Performance - Bitcoin (BTC) has fallen by 1.5% to $112,859, while Ethereum (ETH) has decreased by 3.0% to $3,991. Other notable declines include BNB down 2.1% to $1,111 and Dogecoin (DOGE) down 3.1% to $0.1939. XRP (XRP) is the only major asset showing a gain, up 0.5% to $2.64 [3][8]. - Among the top 100 tokens, Diverge Loop (DIVER) has surged by 88.5%, while Vutlsig (VUT) has dropped significantly by 31.9%. Enso, Arcblock, and ChainOpera AI are trending in market discussions [4]. ETF Developments - Bitwise Asset Management's newly launched spot Solana ETF has attracted $69.5 million in inflows on its first trading day, nearly six times the debut of its closest competitor, the Rex-Osprey Solana Staking ETF, which had $12 million [4][5]. Federal Reserve Impact - The Federal Reserve is anticipated to announce a 25-basis-point rate cut, reducing the benchmark range to 3.75%–4%. This is expected to influence liquidity in financial markets, with traders looking for indications of future monetary policy adjustments [6][8]. - Bitget CEO Gracy Chen noted that the market sentiment is precarious, balancing between optimism and caution, as a dovish Fed could benefit risk assets like cryptocurrencies, while a hawkish stance might lead to a market pullback [7]. Additional Insights - The Crypto Fear and Greed Index has dropped to 39, indicating a state of fear in the market [8]. - The inflows for US spot Bitcoin ETFs reached $202.48 million, while Ethereum ETFs saw even stronger inflows at $246.02 million [8]. - Trump Media's Truth Social has partnered with Crypto.com to introduce prediction markets, indicating a growing intersection between traditional media and cryptocurrency [8].
X @Binance Wallet
Binance Wallet· 2025-09-25 06:00
Binance Alpha is the first platform to feature ChainOpera AI (COAI), with Alpha trading opening on September 25, 2025, at 07:00 (UTC).🌟 Once trading begins, users with at least 200 Binance Alpha Points can claim an airdrop of 250 COAI tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the score threshold will automatically decrease by 15 points every hour.Please note that claiming the airdrop will consume 15 Binance Alpha Points. Users must confirm their claims on the A ...
X @Binance
Binance· 2025-09-23 10:35
RT Binance Wallet (@BinanceWallet)Get ready! Binance Alpha will be the first platform to feature ChainOpera AI (COAI) on September 25.Eligible users can claim their airdrop using Binance Alpha Points on the Alpha Events page once trading opens. Further details will be announced soon.Please stay tuned to Binance’s official channels for the latest updates. ...
X @Binance Wallet
Binance Wallet· 2025-09-23 10:32
Get ready! Binance Alpha will be the first platform to feature ChainOpera AI (COAI) on September 25.Eligible users can claim their airdrop using Binance Alpha Points on the Alpha Events page once trading opens. Further details will be announced soon.Please stay tuned to Binance’s official channels for the latest updates. ...