Crypto Update Today, October 20 – What’s Behind Today’s Crypto Surge? Trading market Bounces Back as BTC Surges to $110K and ETH Hits $4K: Top Cryptos to Invest In?
Finally the crypto market is showing signs of a steady recovery as BTC
Bitcoin
2.85%
Bitcoin
BTC
Price
$111,038.88
2.85% /24h
Volume in 24h
$56.63B
Price 7d
climbs above $111,000 and ETH
Ethereum
2.03%
Ethereum
ETH
Price
$3,983.12
2.03% /24h
Volume in 24h
$31.68B
Price 7d
rises past $4,000, marking a return of confidence after last week’s pullback. The total market capitalization has moved back toward $3.75 trillion, up more than 3% in the past 24 hours, with traders once again searching for the best crypto to buy amid a cautiously bullish sentiment.
Part of today’s rebound is linked to a mix of macro and technical factors. The delay of the U.S. September CPI report until October 24, caused by the government shutdown, has reinforced expectations of a potential Federal Reserve rate cut later this month. Traders now price in a 78% chance of policy easing at the October 29 meeting, which supports the research for risk assets such as Bitcoin and Ethereum.
Lower rates typically reduce the cost of holding non-yielding assets, giving the markets a natural lift.
Meanwhile, discussions between Ripple, Coinbase, and U.S. lawmakers have brought regulatory clarity back into focus. While no major decisions have been finalized, the renewed dialogue between industry leaders and policymakers reflects a more constructive tone compared to earlier standoffs. Some proposed restrictions on anonymous DeFi protocols remain a concern, but overall sentiment has improved.
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Altcoins Lead the Comeback: From DeSci to Memecoins, What’s the Best Crypto to Buy?
Altcoins are following the rebound, with SOL
Solana
1.06%
Solana
SOL
Price
$189.00
1.06% /24h
Volume in 24h
$5.56B
Price 7d
regaining strength above $190, while DeSci-focused Bio Protocol
BIO Protocol
38.66%
BIO Protocol
BIO
Price
$0.1030
38.66% /24h
Volume in 24h
$161.88M
Price 7d
is attracting interest once again.
However, Bio Protocol’s BIO token remains under pressure after a 75% drawdown since the launch of $AUBRAI, the platform’s first XP event. Despite weak demand and ongoing FUD, the project’s supporters, including founder Paul Khls, are working on revamping the BIOXP mechanism to favor BIO tokens over DAO or Agent assets.
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Meme tokens are also surging, led by
Useless Coin
15.85%
Useless Coin
USELESS
Price
$0.3376
15.85% /24h
Volume in 24h
$34.19M
Price 7d
and Ribbita
Ribbita by Virtuals
14.58%
Ribbita by Virtuals
TIBBIR
Price
$0.3152
14.58% /24h
Volume in 24h
$3.66M
Price 7d
: the latter hitting a fresh all-time high with a $323 million market cap.
Suddenly @nansen_ai have removed the camouflage mode on $TIBBIR.
It's now:
– 30th highest smart money holdings coin on ALL chains, across the WHOLE of crypto
– In first position if you remove Eth coins
– Highest on BaseDo you understand yet anon?
> frog
—
Today’s market recovery reflects a blend of macro optimism and renewed technical strength. Whether this uptrend can hold will depend on Friday’s CPI data.
ETHENA: Two New Products in 3 Months, Aiming to Rival USDe Scale
Ethena’s founder announced plans to launch two new products within the next three months, targeting scale comparable to its flagship USDe stablecoin. The move signals that the protocol is preparing to expand beyond yield mechanics into a broader suite of offerings.
With USDe already securing high traction across DeFi and centralized platforms, the upcoming rollouts could accelerate Ethena’s growth and further entrench it as a major infrastructure player.
Solana Co-Founder Launches Perpetual DEX “Percolator” on Solana
Anatoly Yakovenko, co-founder of Solana, is reportedly building a new perpetual decentralized exchange on Solana called Percolator, according to open GitHub activity. The repository suggests the protocol framework aims to enable on-chain perpetual futures trading directly within the Solana ecosystem. This marks a notable shift toward native derivatives infrastructure for Solana, potentially boosting trading depth and DeFi innovation on the chain. While still in early stages, the move has already ignited speculation around how Percolator might reshape Solana’s competitive edge in the derivatives sector.
Saylor Now Controls 2.5% Of BTC Supply: Latest Bitcoin News as BTC USD Price Surges For $110K Retest
When Michael Saylor, the founder of MicroStrategy, now Strategy, started buying Bitcoin and building a Bitcoin Treasury from scratch, the first for a public company trading on the Nasdaq, many people thought he was going crazy. Yet, over five years after his first Bitcoin buy, not only is Strategy dominating Bitcoin news, but the public firm is neck-deep in money. While BTC USDT prices fell last week, the average price for each Bitcoin crypto under Strategy’s hold is $74,000.
Of course, as long as the Bitcoin price stays above $74,000 and ideally $100,000, Strategy will continue floating in profits. According to Coingecko, each BTC in circulation is currently trading above $111,000, a refreshing bounce considering last week’s capitulation and fears. At some point, BTC USDT fell to as close as $102,000, just inches away from the mega support at $100,000.
Ethereal Mainnet Alpha Goes Live: Will VCs Dominate Day 1 Access – How To Farm Ethereal Airdrop?
As the crypto market bounced back over the weekend, with Bitcoin reclaiming $110K and the combined market cap for crypto climbing back above $3.8T, sentiment has flipped back positive, and traders are back to seeking the best airdrop opportunities, with the Ethereal airdrop dominating headlines.
Ethereal is the first decentralized spot and perpetual DEX based on Ethena
Ethena
4.66%
Ethena
ENA
Price
$0.4522
4.66% /24h
Volume in 24h
$381.15M
Price 7d
and is gaining attention with ENA up +4% in the past 24 hours.
Ethereal aims to fully utilize the power of Ethena crypto and its native stablecoin, USDe, within a high-performance on-chain finance environment to provide users with a one-stop shop for all their core DeFi needs in a single application.
Next week's Mainnet Alpha launch represents a major step towards Ethereal's ultimate vision to become the first DeFi everything app powered by USDe
Day 1 access is initially limited to the top 100 users currently on the mainnet waitlist pic.twitter.com/xVMBbH45oH
— Ethereal (@etherealdex) October 16, 2025
Major Online Platforms Face Outages as AWS Disruption Hits Coinbase, Reddit, and More
Multiple online services — including Reddit, Hulu, EA, Max, Xbox Network, and Coinbase — experienced widespread outages earlier today, according to Downdetector.
Coinbase Support confirmed that the issue stemmed from an Amazon Web Services (AWS) disruption, temporarily preventing users from accessing accounts. The company assured customers that all funds remain safe and that engineers are actively working with AWS to restore full functionality.
Other affected platforms have also reported gradual recovery, though users may continue to face intermittent issues as systems stabilize across multiple global networks.
If this isn’t resolved really soon i’m never going to use coinbase again
— Vinallius (@vinallius) October 20, 2025
The post Crypto News Today, October 20 – Why Is Crypto Up Today? Market Recovers as Bitcoin Reclaims $110K and Ethereum $4K: Best Crypto to Buy? appeared first on 99Bitcoins.
