Coincatch App
Trade smarter
Crypto MarketHot Topics
CoinCatch Market Daily Report (October 24, 2025)
Intermediate
2025-10-24 | 10m
On October 24, the cryptocurrency market displayed resilient performance on October 24, 2025, with major digital assets posting modest gains amid improving investor sentiment. Bitcoin successfully reclaimed the psychologically crucial $110,000 level, while Ethereum consolidated above $3,800 with analysts predicting significant upside potential. Meanwhile, Ledger unveiled the Ledger Nano Gen5. Before tonight's CPI data release, the probability of the Federal Reserve cutting interest rates by 25 basis points in October is currently 98.3%. Donald Trump issued a pardon to CZ Zhao on Thursday.
Crypto Market Overview
BTC (+1.3% | Current Price: $111,456.40)
Bitcoin's dominance remained evident as it reclaimed the $110,000 level, trading at $111,456 with a 1.3% gain. The flagship cryptocurrency demonstrated resilient momentum despite facing technical headwinds, with its market capitalization estimated at approximately $2.17 trillion. Bitcoin Technical Levels: Immediate resistance is positioned at $113,100, with support at $108,000 and $105,585. The 1-month Volatility Risk Premium has turned negative for the first time in four months, signaling the end of a stable low-volatility phase and potentially heralding larger price movements ahead. On October 23rd, Bitcoin ETFs experienced a net inflow of $20.3 million. BlackRock IBIT experienced an inflow of $107.8 million, while Fidelity FBTC observed an inflow of $7.2 million.
ETH (+2.60% | Current Price: $3,981.56)
Ethereum maintained its steady performance, trading at $3,981 with a 2.6% increase, as institutional interest continued to build around the second-largest cryptocurrency. Analysts have identified a compelling Wyckoff re-accumulation pattern in Ethereum's price action since March 2024, suggesting the asset may be preparing for a significant upward move. On October 23rd, ETH ETFs experienced a total net outflow of $127.4 million, including an outflow of $23.4 million from BlackRock ETHA and an outflow of 77.0 million from Fidelity FETH.
ETF
ProShares has officially applied to list its "ProShares CoinDesk Crypto 20 ETF" on the New York Stock Exchange. The fund will track the top 20 digital assets by market capitalization, providing investors with a more convenient and diversified investment tool.
Altcoins
Market sentiment showed modest improvement but remained in fearful territory, with the Crypto
Fear and Greed Indexregistering 32, up from 28 just a day earlier. This reading marks the highest level in over a week, though it remains well below the 30-day average of 43. The gradual improvement suggests investor apprehension may be slowly easing despite persistent macroeconomic uncertainties and geopolitical tensions.
Altcoins displayed divergent performance on October 24, with several major projects posting outsized gains despite the Altseason Index remaining at bear market lows. Solana emerged as a standout performer with a 6.09% advance, buoyed by positive developments including Osprey Funds' S-1 filing with the SEC for a Solana ETF and the launch of Hong Kong's first Solana ETF. This regulatory progress helped SOL stabilize above $180 after a tumultuous period, with technical analysis suggesting a potential breakout toward $250 if it clears resistance between $197-$208.
Macro Data
The macroeconomic backdrop remains a crucial driver for cryptocurrency markets, with all eyes focused on the upcoming US September CPI release, which is the first major economic indicator since the government shutdown. Elevated inflation, expected at 3.1% year-over-year, could significantly impact the Federal Reserve's upcoming rate decision and drive volatility across Bitcoin and DeFi markets as traders adjust risk models accordingly.
On October 23rd, the S&P 500 gained 0.58, standing at 6,738.44 points; the Dow Jones Industrial Average increased 0.31% to 46,734.61 points, and the Nasdaq Composite gained 0.89% to 22,941.80 points.
Trending Tokens
BEL Bella Protocol (+30.12%, Circulating Market Cap: $22.11 Million)
BEL is trading at $0.2762, up approximately 30.12% in the past 24 hours. Bella Protocol is a platform that provides a suite of DeFi products designed to make crypto banking simpler and more accessible. The protocol aims to create a better user experience by eliminating the high fee and slow transaction issues that can affect some blockchain platforms — while simultaneously improving the user experience through its simplified DeFi smart portal. BEL’s price broke above its 7-day SMA ($0.251) and 30-day SMA ($0.244), with RSI-7 at 55.55 (neutral). However, the MACD histogram (-0.0018) shows weakening bullish momentum. Short-term traders may interpret the SMA crossover as a buy signal, but the negative MACD divergence suggests caution. The 24h rally occurred amid broader market fear (Fear & Greed Index: 32), highlighting BEL’s outlier performance.
BEL/USDT will be delisted on October 30th. For more info, please read:
Notice of Delisting BEL/USDT on October 30, 2025
PROVE Succinct (+25.38%, Circulating Market Cap: $195.96 Million)
PROVE is trading at $1, up approximately 25.38% in the past 24 hours. Succinct is a protocol focused on verifiable computation, enabling developers to easily generate and verify zero-knowledge (ZK) proofs in a variety of settings using its general-purpose zkVM (zero-knowledge virtual machine). Its mission is to make cryptographic verifiability a default feature in blockchain and web3 infrastructure and beyond, allowing systems to become more scalable, secure, and trust-minimized. On October 23, Succinct announced successful verification of real Arbitrum blocks containing EVM (Solidity) and Stylus (Rust/C) smart contracts. This development advances its goal of making ZK proofs practical for high-throughput Layer 2 solutions. Additionally, it validates Succinct’s SP1 proof system for cross-language compatibility, a key milestone for Ethereum scalability. The announcement also strengthens PROVE’s utility as the token supporting proof generation and staking within Succinct’s decentralized network. This progress has likely spurred increased interest ahead of expanded Arbitrum integration, which could enhance fee revenue for PROVE stakers.
AVNT Avantis (+21.45%, Circulating Market Cap: $209.51 Million)
AVNT is trading at $0.8107, up approximately 6.4% in the past 24 hours. Avantis is the largest RWA perps DEX in DeFi, built on and backed by Base. Avantis allows users to trade crypto and real-world assets (RWAs), including FX, commodities, indices, and equities. Backed by Pantera and Coinbase, Avantis is the largest DEX on Base by volumes, and brings institutional-grade products to DeFi, letting users trade with up to 500x leverage in a transparent, permissionless environment. Avantis’ Total Value Locked (TVL) surpassed $100M on October 21, a 431% monthly increase (DefiLlama). The platform also announced plans to integrate composable yields for its avUSDC product, targeting $500M TVL. TVL expansion reflects growing trust in Avantis’ on-chain perpetuals and RWA trading platform. Higher TVL often correlates with fee revenue growth (100% of fees go to liquidity providers), incentivizing more participation.
Market News
Ledger Unveils $179 Nano Gen5, Built for Identity in an AI-Driven World
Ledger, the French firm known for its crypto hardware wallets, has launched a sweeping update to its product line, positioning itself for what it calls a new “era of ownership.”
The company unveiled the Ledger Nano Gen5, a redesigned version of its signature device, along with Ledger Wallet, a reimagined version of its Ledger Live app, and Ledger Enterprise Multisig, a new platform for institutional asset management. The new Nano is designed to be more than a crypto wallet, the firm expressed in a press release. Ledger now calls it a “signer,” positioning the device as not only a venue for digital assets but also of digital identity in an AI-driven world.
Ledger’s shift from calling its devices “wallets” to “signers” marks its evolution in how the company envisions what they believe is at the core of security in the next digital age. The new Ledger Nano Gen5 acts as a secure signing device for everything from crypto transactions to smart contracts and identity verification.
The device supports Clear Signing, a process allowing users to verify every transaction directly on the device before approval. With Bluetooth and NFC connectivity, the Nano Gen5 enables signing on the go, and the inclusion of the Ledger Recovery Key offers an extra layer of safety for asset recovery.
The new device, designed by Susan Kare, who created Apple’s original Macintosh icons, blends usability with Ledger’s core focus on security. It will retail for $179/€179, according to the company.
Prior to the Release of CPI Data, the Probability of a Further 50 Basis Points Interest Rate Cut This Year Was 93.4%
With the federal government shut down on October 1. When Congress fails to pass its annual funding measures, nonessential federal agencies close, furloughing staff and suspending operations. One of those agencies is the Bureau of Labor Statistics (BLS), which collects, processes and publishes national labor and price data.
The BLS already missed its scheduled release of the monthly jobs report on October 3, leaving investors without official government data on the state of the hiring market. The September Consumer Price Index (CPI) report was originally scheduled for release on October 15, and the shutdown delayed all but inevitable. On October 10, the BLS announced it was bringing back critical staff to prepare and publish the CPI report.((1)) The expected release date of the September CPI report is now October 24.
According to CME's "Fed Watch" platform, before tonight's CPI data release, the probability of the Federal Reserve cutting interest rates by 25 basis points in October is currently 98.3%, while the probability of keeping rates unchanged is 1.7%. The probability of the Fed cutting interest rates by 50 basis points by December is currently 93.4%, with a cumulative probability of 25 basis points cuts currently at 6.5%, and a probability of keeping rates unchanged at 0.1%. The next two FOMC meetings of the Federal Reserve are scheduled for October 29 and December 10, respectively.
Trump Pardons Founder of Binance, World’s Largest Crypto Exchange
Donald Trump issued a pardon for the founder of the world’s largest cryptocurrency exchange on Thursday.
“President Trump exercised his constitutional authority by issuing a pardon for Mr Zhao, who was prosecuted by the Biden administration in their war on cryptocurrency,” a White House statement said. “The war on crypto is over.” Changpeng Zhao pleaded guilty in late 2023 to one count of failing to maintain an anti-money laundering program and stepped down as CEO of Binance, which paid $4.3bn to settle related allegations. He was sentenced to four months in prison.
Zhao, who is often referred to by his initials CZ, is one of the world’s richest people and biggest names in cryptocurrency. He built Binance into the world’s largest cryptocurrency exchange, although the company has been barred from operating in the US after his 2023 guilty plea.Trump’s pardon is an immense victory for Zhao and Binance after months of speculation and lobbying. It is also yet another sign of the Trump administration’s shift toward easing scrutiny on the crypto industry, at a time when Trump and his family are building their own multibillion-dollar crypto empire.
Reference:
CoinMarketCap. (n.d.).
CoinMarketCap.
https://coinmarketcap.com
Farside Investors. (n.d.-a).
Bitcoin.
https://farside.co.uk/btc/
Farside Investors. (n.d.-b).
Ethereum.
https://farside.co.uk/eth/
Investing.com. (n.d.-a).
USA Indices.
https://investing.com/indices/usa-indices
GoldPrice.org. (n.d.).
Spot gold price today.
https://goldprice.org/spot-gold.html
CoinDesk. (2025, October 23).
Ledger unveils USD179 Nano Gen5 built for identity in an AI-driven world.
https://www.coindesk.com/tech/2025/10/23/ledger-unveils-usd179-nano-gen5-built-for-identity-in-an-ai-driven-world
JPMorgan Chase. (2025, October 15).
With the September CPI report delayed, here’s what we know about inflation from other sources.
https://www.chase.com/personal/investments/learning-and-insights/article/inflation-data-government-shutdown-2025
BlockBeats. (2025, October 24).
Tonight, prior to the release of the CPI data, the probability of another 50 basis point interest rate cut within the year is reported to be 93.4%.
https://en.theblockbeats.news/flash/317602
The Guardian. (2025, October 23).
Binance Trump pardon Changpeng Zhao.
https://www.theguardian.com/technology/2025/oct/23/binance-trump-pardon-changpeng-zhao
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
Share
