Cryptocurrency market adds $130 billion in 24 hours
The cryptocurrency market shook off weeks of October malaise, adding more than $130 billion in value over the past 24 hours to push total capitalization back to $3.89 trillion. cryptocurrency market capitalisation. Source: CoinMarketCap Bitcoin (BTC) led the charge, rising 3.05% to $114,984, at the time of publication. The move aligns with a broader 30-day gain of 5.31%, though the latest rally carried extra bite: it coincided with confirmation of a U.S.–China trade framework deal that paused threatened tariffs and rare-earth export curbs. Bitcoin 1-day price chart. Source: Finbold At the same time, futures markets are now pricing a 98.3% chance of a 25 basis-point Fed rate cut on October 29 after softer inflation readings. Reduced trade risk and a dovish Fed is a familiar recipe for upside, weakening the dollar and boosting the case for scarce digital assets. Technically, Bitcoin has reclaimed its 50-day EMA near $114,176 and pierced the 23.6% Fibonacci retr...