Cryptocurrency market on October 29: mixed signals

2025-11-17 06:07:00

Abstract generation in progress

The global cryptocurrency market capitalization has fallen by 1.25% in the last 24 hours and now stands at $3.81T. Bitcoin is fluctuating in the range of $112,100–$116,086, currently trading at $112,944 ( down 1.14%).

An interesting picture with altcoins — most of the top 10 are in red: ETH (-2.66%), SOL (-3.71%), DOGE (-3.40%), ADA (-3.18%). But there are exceptions: MDT, FLM, and ENSO jumped by +38%, +30%, and +23% respectively — such unexpected heroes of the day.

On the fundamental flank:

BTC dominance is increasing even during the cooling of the altcoin season
ETF flows are positive - BTC recovery is trending with inflows into spot funds
The mining difficulty has already set a new record.
Hong Kong Banks plan to launch tokenized deposits in 2025.
USDT reserves of the US Treasury have reached new heights

Funding rates are falling — the market is experiencing a bit of turbulence, but not panic. We are waiting for the Solana ETF from Canary and political news from the USA.

ETH1,09%

SOL2,69%

DOGE-1,14%

ADA1,05%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.