Crypto Update Today, October 23: We’re Absolutely Back! Bitcoin BTC USD Price Returns to $110K, with ETH, XRP, and SOL in Tow
The Bitcoin price has just made another turn. After a brief drop earlier, the BTC USD pair surged back over $110,000 as it pressed the “restart the bull run” button. The graphs indicate it touched $108K before large investors jumped in. Soon after, ETH USD approached $3,900, XRP rose to $2.41, and SOL USD reached $187. New investments are flowing in, and the energy is palpable.
(source – CoinGecko)
As per DeFiLlama, the total value locked in DeFi has edged up to over $148 billion. Such recoveries typically commence when investors lose hope. The fear index currently stands at 27, largely indicating despair. However, whenever these readings hit such lows, the recoveries tend to be significant.
We find that in 2021, a similar setup and level of exhaustion preceded a significant 50% surge in the BTC price within weeks. The market thrives on discomfort and irony; just when people stop believing, it unexpectedly skyrockets.
BE READY
ALTSEASON 2025
— Crypto GEMs
(@cryptogems555) October 22, 2025
There’s also some macro update today. Rumors suggest Trump is looking to restart trade discussions with China. If negotiations take place, it could lead to a uptrend trend. This would alleviate trading market strain, allow funds to flow more freely, and risk assets to regain their appeal. Bitcoin (Bitcoin) alongside major altcoins like Ethereum, SOL, and XRP are beginning to display strength against the USD.
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Bitcoin BTC Price & Altseason Setup as Ethereum, XRP, SOL-USD Pairs Heating Up
Each October, we witness this. It begins slowly, concluding spectacularly. Data from CoinGecko indicates that the Bitcoin price typically increases by around 20% by the end of the month. Should this pattern recur, which is likely, we can expect it to surpass the prior all-time high. When Bitcoin’s price hovers near the peak, altcoins often surge.
ETH USD is already showcasing pre-2021 run dynamics, with RSI popular upwards and daily volumes surpassing $45 billion. Meanwhile, on DeFiLlama, ETH’s new addresses are rising by 65,000, along with over $15 million in application fees.
(source – Defillama)
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XRP USD has gained approximately 0.3% in market cap recently, which is slow but it previously experienced rapid growth. SOL USD is also quietly gaining traction, evidenced by its Decentralized finance TVL rising by 10% this month, echoing the rhythm of 2021.
Additionally, the well-known “insider” wallet remains unbeaten. However, it has closed all its short positions, with some suggesting it holds a large long position now. A 100% success rate like that isn’t by chance. Perhaps luck. Perhaps genius. Regardless, follow the trend.
An insider Bitcoin whale connected to Trump has now completely shut down his short position, realizing $6.4 million in profits.
Does he have insider knowledge about a potential agreement between the US and China?
If an agreement is reached, markets could surge once more.
There’s only one week until November 1. It’s going… pic.twitter.com/AznwsLCTnJ
— Crypto | Stocks | Freedom (@Wealthmanagerrr) October 23, 2025
The history is unmistakable; extreme fear transitions swiftly. Bitcoin (BTC) is on the rebound, along with Ethereum, SOL, and XRP. We are truly back.
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Why Crypto market is Down And Hyperliquid Going Up? HYPE Crypto Melting Faces as ASTER Keeps Going Down
The market is down once again, unsettling traders across the board, though two players stand out: HYPE and ASTER. While the overall crypto market grapples with macroeconomic pressures and rising yields, HYPE continues to thrive, supported by Hyperliquid’s record-setting volumes in crypto perpetuals.
Conversely, ASTER has faced challenges in maintaining critical levels, despite its crypto fundamentals in decentralized exchanges suggesting a rebound is imminent.
Recent memories remind us that global liquidations during October’s drop exceeded $19 billion, clarifying the reasoning behind crypto’s decline of nearly $370 billion in trading market capitalization. BTC recently fell below $110,000 and Ethereum dipped under $4,000. Outflows from ETFs, tariff anxiety, and reduced protocol activity contributed to the sell-off.
Today witnessed a minor recovery; however, the overall sentiment continues to reflect fear.
Crypto Fear and Greed Index
Fear
Read the full story here.
Will Cardano Domain Names Save ADA Price From Critical Drop?
The ADA price is facing considerable pressure, currently trading around $0.62 amid a broader market decline and a lack of enthusiasm for altcoins. The Cardano Foundation has recently revealed its intention to apply for the generic top-level domains (gTLDs) “.ada” and “.cardano,” aiming to enhance digital identity, branding, and the integration from Web2 to Web3.
However, while this is a strategic effort, the lingering question remains: can this domain initiative genuinely prop up the ADA price against a potentially larger downturn?
Read the full story here.
Can Telegram Crypto Make a Come Back? TON’s Corporate Treasury Plans Could See TON Price Hit $3.50 in November
The price of TON is gaining renewed interest as developments within the Telegram crypto ecosystem align with increased institutional investments, raising the possibility: could Toncoin (TON) make a comeback driven by major treasury strategies and overall alternative coin season momentum?
With public companies like TON Strategy Co. and AlphaTON Capital Corp. accumulating TON in their corporate treasuries, and the 900 million-plus user base of Telegram poised for crypto integration, some analysts see a move towards $3.50 in November as possible if the execution is successful.
Read the full story here.
Hedera Crypto Is Used By Bank Of England?
Investors’ patience is being tested with Hedera (HBAR) Crypto; however, a reward may be on the horizon.
Hedera Hashgraph has been chosen to participate in the Bank of England’s Distributed database Technology (DLT) challenge targeting how blockchain technology can be leveraged in financial systems. The aim is to explore DLT’s potential role in wholesale central bank settlement frameworks.
The Bank of England is officially committing to investigate DLT innovation, and this inclusion of Hedera is significant. It could bode well for Hedera, especially as institutional interest in cryptocurrencies intensifies.
Read the full story here.
The post Crypto Update Today, October 23: We Are So F-ing Back! BTC BTC USD Price Back to $110K, ETH, XRP, SOL Follow appeared first on 99Bitcoins.
