Current Cryptocurrency News as of 24 October 2025: Bitcoin Holds Key Level of $110 Thousand, Ethereum Volatility Post-ETF Launch, Altcoins on the Rise, Top 10 Popular Cryptocurrencies.
As of the morning of 24 October 2025, the cryptocurrency market is displaying relative stability following a turbulent rise in prior months. The price of Bitcoin, which peaked at around $125 000 in August, now hovers around $110 000, maintaining the overall market capitalisation of approximately $4 trillion. Following Bitcoin, significant volatility is observed in the largest altcoins, led by Ethereum; despite recent corrections, many digital assets in the top 10 continue to exhibit growth compared to the beginning of the year. Investors, including institutional players, are maintaining an active interest in cryptocurrencies amidst moderately positive sentiments, a favourable macroeconomic landscape, and a gradual improvement in industry regulation.
Bitcoin Holds Key Level
In mid-August, Bitcoin (BTC) set a new all-time high, reaching around $125 000 (the previous record of approximately $123 000 was noted a month earlier). After a brief surge above $125 000, a moderate correction followed, bringing Bitcoin's trading value to around $110 000. Nevertheless, the current BTC price is significantly higher than the levels seen at the beginning of the year and aligns closely with values from a week ago. The market capitalisation of BTC now exceeds $2.3 trillion, accounting for about 57% of the total cryptocurrency market capitalisation.
Experts highlight that Bitcoin's continued high valuation is supported by a combination of macroeconomic and regulatory factors. In the United States, a more lenient cryptocurrency policy is emerging: the Trump administration initiated the establishment of a strategic Bitcoin reserve in the spring and allowed 401(k) pension plans to invest a portion of their funds in digital assets. Furthermore, American legislators are advancing the first comprehensive cryptocurrency regulatory bill, which is expected to provide greater clarity for the market moving forward. These measures have bolstered investors' confidence in BTC as a safe asset. Additionally, demand from large public companies continues to spur the market; for instance, MicroStrategy, led by Michael Saylor, is persistently increasing its Bitcoin reserves, serving as a bellwether for institutional interest. Concurrently, other regions are creating favourable conditions: in the European Union, the MiCA regulatory framework, establishing unified rules for the crypto industry, is coming into effect, facilitating an influx of institutional capital.
Ethereum Volatile After ETF
Ethereum (ETH) also demonstrated significant growth previously, albeit accompanied by heightened volatility in its price trajectory. At its peak, the price of Ethereum soared to approximately $4,900, closely nearing its all-time high ($4,890, set in November 2021). In recent weeks, ETH has traded within a range of about $4,000, experiencing alternating surges and retracements; its current value stands at around $3,900. Ethereum remains the second-largest cryptocurrency by capitalisation, valued at approximately $500 billion.
Institutional interest in Ethereum remains robust. The first spot ETFs for Ether appeared in the United States in 2024, and this autumn regulators have approved new investment products based on Ethereum (including a fund linked to ETH staking). These developments have significantly broadened access for large players to Ethereum and enhanced its appeal as an asset. Consequently, capital inflows into Ether continue: in recent weeks, the cumulative influx into Ether ETFs has amounted to several billion dollars, notably surpassing the corresponding figure for Bitcoin funds. Strong institutional interest reflects confidence in the long-term prospects of the smart contracts platform, especially following the successful launch of exchange-traded funds on Ether.
Altcoins on the Rise
The broader altcoin market supports the overall bullish trend. The prices of most major cryptocurrencies outside of Bitcoin have increased by 5-10% in recent weeks. The total market capitalisation of altcoins (excluding BTC) now exceeds $1.7 trillion, indicating a fresh influx of capital into the sector. Bitcoin's market dominance has slightly decreased, as investors actively diversify their holdings in favour of alternative digital assets.
Several altcoins are approaching their own record levels. For instance, the XRP token from Ripple is currently trading around long-term highs following substantial growth this year. Investors have reacted positively to the resolution of a longstanding legal dispute in the U.S. regarding the legal status of XRP, regaining this altcoin its position among the top three by capitalisation. Additionally, Ripple's plans to enter the banking market (including an application for a banking licence) enhance optimism regarding XRP's long-term demand. Another notable performer is Solana (SOL), which saw its price reach a peak not seen since 2022 in early October, driven by expectations surrounding the launch of ETFs on SOL and the growth of the project ecosystem built on this high-performance blockchain platform.
Ripple Seeks Banking Licence
The XRP cryptocurrency has once again captured attention due to the actions of Ripple. Recently, Ripple applied for a banking licence, and this request is currently under regulatory review. If approved, the company could become one of the first in the industry to obtain full banking status, potentially unlocking new opportunities for integrating digital assets into the traditional financial system. The market reacted sharply to this news: within the last day, XRP surged over 10%, rising to around $3 — the highest level since early 2018. Many analysts believe that Ripple's entry into the banking sector will enhance confidence in its technology and expand the use of the XRP token in global payments.
Institutional Participation Grows
One of the key trends in the cryptocurrency market remains the increasing institutional involvement. The launch of the first Bitcoin and Ethereum spot ETFs in the U.S. has significantly simplified access for large players to digital assets. Even in the aftermath of recent corrections, capital inflows into crypto funds continue to remain active. Cumulative investments in Ether ETFs over recent months have run into billions of dollars, while investments in Bitcoin funds have reached several hundred million, indicating ongoing interest in cryptocurrencies from asset managers, hedge funds, and even pension programmes. Traditional financial institutions continue to view cryptocurrencies as a promising asset class and steadily increase their allocations in investment portfolios.
Moreover, regulators are examining new applications for the launch of exchange-traded funds based on other cryptocurrencies. Decisions from the U.S. SEC are expected in October regarding several instruments, including the conversion of the Grayscale XRP trust into an ETF and regarding a spot ETF for Solana — highlighting the expansion of institutional products within the market. Concurrently, in Europe, the supply of crypto instruments is increasing; for example, on 24 October, trading will commence for a new exchange-traded product (ETP) on Bitcoin from iShares on the London Stock Exchange, signalling strong global demand for cryptocurrency investments.
Market Sentiment and Volatility
Rapid price movements in recent months have been accompanied by an increase in short-term volatility. The "fear and greed" index for cryptocurrencies is currently around 55 points, indicating a state of moderate greed — significantly lower than the extreme values observed at the height of the summer rally. This suggests that after a period of euphoria, investor sentiment has cooled somewhat, leading market participants to exercise greater caution. Historically, such high greed index readings have preceded corrections — a trend confirmed in the current cycle. Experts warn that euphoria may give way to profit-taking; it is crucial to maintain caution and risk limits when trading. The recent correction indeed saw a wave of forced liquidations on exchanges. During the latest sell-off, the total volume of liquidations in a single day exceeded $500 million — a substantial portion of which was attributed to "longs" (margin bets on growth). This episode highlighted the risks for players using excessive leverage.
Forecasts and Expectations
Despite the recent correction, many analysts remain bullish, predicting a renewed market upswing. Major financial institutions maintain high price targets: for instance, Standard Chartered bank still anticipates that Bitcoin will reach $200 000 and Ethereum $7 500 by the end of 2025. Should these expectations materialise, both Bitcoin and Ethereum possess substantial growth potential from current levels. Several experts believe the cryptocurrency market is entering the "second phase" of a bull cycle: after reaching new peaks and undergoing a mid-cycle correction, a consolidation phase is likely; however, the mid-term trend remains upward, provided that the economic environment remains favourable. Notably, some market participants had previously predicted current price levels — for example, a year ago, the Pantera Capital investment fund forecasted around $120 000 for BTC by August 2025, and this prediction has largely come to fruition. Overall, with ongoing institutional interest and a stable macro backdrop, most specialists forecast further increases in cryptocurrency market capitalisation by the end of 2025 and into 2026.
Top 10 Most Popular Cryptocurrencies
- Bitcoin (BTC) — the first and largest cryptocurrency. BTC is trading around $110 thousand following a correction from its recent record high; its capitalisation exceeds $2.3 trillion (≈57% of the overall market).
- Ethereum (ETH) — the leading altcoin and platform for smart contracts. The price of ETH is approximately $3 900, which is below historical peaks; its capitalisation stands at around $500 billion (≈13% of the market).
- Tether (USDT) — the largest stablecoin pegged to the US dollar at a 1:1 ratio. USDT is widely used for trading and payments, with a capitalisation of around $160 billion; the coin maintains a stable price of $1.00.
- Ripple (XRP) — the token of the Ripple payment network for cross-border payments. XRP is trading around $2.8, with a market capitalisation of approximately $170 billion. Investors are positively assessing the legal clarity surrounding XRP's status in the US and Ripple's efforts to secure a banking licence, which supports the token's position in the top three.
- Binance Coin (BNB) — the token of the largest crypto exchange Binance and the native token of the BNB Chain network. The value of BNB is above $700 (capitalisation around $100 billion). Despite regulatory pressures on Binance, the token remains in the top five due to its widespread utility on the exchange and in DeFi.
- Solana (SOL) — a high-performance blockchain platform for decentralised applications. SOL is trading around $200 per coin (capitalisation around $100 billion), having recovered to 2022 levels. Interest in Solana is fuelled by expectations surrounding the launch of ETFs and the growth of the ecosystem of projects built on this platform.
- USD Coin (USDC) — the second-largest stablecoin, backed by dollar reserves (Circle). The price of USDC is maintained at $1.00, with a capitalisation of around $64 billion. USDC is widely used by institutional investors and DeFi protocols due to the transparency of its reserves.
- Cardano (ADA) — a blockchain platform focused on a scientific approach to development. ADA is valued at approximately $1.10 (capitalisation ~$35 billion) following a recent price surge. Cardano is attracting attention with plans to launch its ETF and an active community believing in the project's long-term growth.
- TRON (TRX) — a platform for smart contracts and multimedia dApps, popular in Asia. TRX is trading around $0.32; its market capitalisation is approximately $29 billion. TRON maintains its presence in the top 10 partly due to its use for issuing stablecoins (a significant portion of USDT circulates on the Tron blockchain).
- Dogecoin (DOGE) — the most well-known meme cryptocurrency, originally created as a joke. DOGE is holding near $0.18 (capitalisation ~$27 billion), supported by community loyalty and occasional celebrity attention. Although Dogecoin's volatility is high, it remains among the top coins, demonstrating remarkable resilience in investor interest.
Cryptocurrency Market as of the Morning of 24 October 2025
Prices of Major Cryptocurrencies:
- Bitcoin (BTC): $110 200
- Ethereum (ETH): $3 910
- XRP (XRP): $3.05
- Binance Coin (BNB): $730
- Solana (SOL): $192
- Tether (USDT): 80.50 ₽
Market Indicators:
- Cryptocurrency Market Capitalisation: $3.85 trillion
- Bitcoin Dominance: 56.3%
- Fear and Greed Index: 55 (Moderate Greed)
24-Hour Performance Leaders:
- Gainers: Chainlink (LINK) — +4.5%
- Losers: Sui (SUI) — -7%
Analysis: Bitcoin and Ethereum demonstrate relative stability near current levels, with the "greed index" being lower than in previous months, indicating a partial cooling of market sentiment. The rise of LINK indicates a local influx of investor interest, while the drop in SUI could be attributed to profit-taking or a lack of positive news surrounding the project.
