Crypto market recap: Bitcoin recovers from lows amid easing U.S.–China tensions
Bitcoin (BTC) surged 3.8% in the past 24 hours to trade at $110,926, recovering from last week’s lows as institutional sentiment turned increasingly positive.
Ethereum (ETH) followed suit, climbing 4.3% to $4,067, while BNB rose 3.6% to $1,130. The overall crypto market capitalization rebounded to $3.76 trillion, up 3.3% on the day, with the Fear & Greed Index improving slightly to 30 (“Fear”), suggesting a modest shift toward risk-taking after several sessions of decline. Despite lingering macro uncertainty, trading volumes across major exchanges increased notably, signaling renewed accumulation by large market participants.
Institutions stay bullish as macro outlook improves
Recent institutional surveys show strong confidence in Bitcoin’s long-term trajectory, with most asset managers expecting higher valuations over the next six months. This comes as global risk sentiment stabilizes following expectations of improved U.S.–China relations and easing monetary tightening fears.
President Donald Trump confirmed an upcoming meeting with Xi Jinping on October 31, sparking optimism across both traditional and crypto markets. Analysts note that such macro-level diplomacy often boosts appetite for risk assets, including digital currencies, especially when coupled with declining bond yields and renewed ETF inflows.
Mining sector strengthens as network resilience grows
In the mining sector, Bitcoin’s hash rate has sharply rebounded after recent dips, making mining conditions slightly easier for operators. The stabilization of network fundamentals supports market confidence that the ecosystem remains strong despite short-term volatility. Dogecoin (DOGE) and Cardano (ADA) led among altcoins, gaining 5.8% and 5.5% respectively, while Solana (SOL) rose 3.3% to $192.73.
With Bitcoin eyeing resistance at $112,000 and support near $109,000, traders are watching whether the current momentum could trigger a broader recovery rally across the market heading into late October.
Recently we wrote that Ethereum co-founder Vitalik Buterin has introduced the GKR protocol, a next-generation proof system designed to make zero-knowledge (ZK) computations faster and more efficient.
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