As of 11:00 IST, Ethereum was up 3.77% in the last 24 hours at $4,056. Other major tokens including BNB, Overall, the crypto market cap increased 3% to $3.75 trillion, according to CoinMarketCap.
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Crypto markets are rebounding after the recent crash, with Bitcoin reclaiming $110,000 and Ethereum climbing above $4,000, according to research team CoinDCX. Meanwhile, DOGE has surpassed $0.20, BNB is approaching $1,200, XRP is heading towards $2.50, and Solana is trading near $200.
“Despite the bulls’ tight grip on the markets since the weekend, market sentiment remains negative. In an interesting update, 99% of Polymarket users believe Bitcoin could hit $100,000 in October, while only 1% predict a breakout beyond $150,000. Institutions have accumulated Ethereum worth $19.3 billion in the third quarter alone quarter,” added the CoinDCX research team.
Over the past week, Bitcoin is down 3.47% while Ethereum is down 1.80%, according to CoinMarketCap data.
CoinSwitch Markets Desk estimates that BTC saw a brief pullback on Friday, falling below $105,000 before staging a relief rally as buyers stepped in, signaling strong demand at lower levels. The rebound pushed prices back above $109,000.
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“The pullback follows ETF outflows, driven by macroeconomic uncertainty, profit-taking and portfolio rebalancing as US Treasury yields fell below 4% and gold surged to $4,300. Despite this, October BTC ETF flows remain net positive. BTC now faces resistance between 108,000 and 110,000 $; a breakout could trigger short covering towards $112,000 – $115,000. Markets are now awaiting Friday’s delay. September CPI report a key catalyst ahead of the Fed ahead of the Federal Reserve meeting scheduled for October 28-29,” said the CoinSwitch Markets Desk.
