The global crypto market shows mild recovery as Bitcoin ($BTC) nears $108K and NFT volumes rise, meanwhile, U.K. approves BlackRock Bitcoin ETP.The global crypto market shows mild recovery as Bitcoin ($BTC) nears $108K and NFT volumes rise, meanwhile, U.K. approves BlackRock Bitcoin ETP.

Crypto Market Shows Steady Gains Amid Mixed Sentiment

2025/10/22 20:40
markett323

The worldwide crypto sector is showing slight signs of recovery as the latest 24-hour insights indicate. In this respect, the total crypto market capitalization has reached $3.65T after 0.03% rise. In addition to this, the 24-hour crypto volume has also jumped by 36.90% to reach $227.1B. Concurrently, the Crypto Fear & Greed Index is also moving upward, accounting for 29 points while still standing in the “Fear” territory.

Bitcoin Sees Slight 0.58% Rise While Ethereum Slips by 0.07%

Particularly, the top crypto asset, Bitcoin ($BTC), is now trading at $108,242.78, indicating a 0.58% rise. At the same time, its market dominance is hovering around 59.1%. Contrarily, the leading altcoin, Ethereum ($ETH), is now changing hands at $3,864.03, displaying a 0.07% dip. Additionally, its market dominance is 12.8%.

$TURBO, $BPX, and $FLŌKI Dominate Crypto Gainers of Day

Apart from that, the top crypto gainers of the day include TURBO BOME ($TURBO), Black Phoenix ($BPX), and Flōki ($FLŌKI). Specifically, with a staggering 1740.76% increase, $TURBO has reached $0.000004514. Following that, $BPX has surged by 1307.02%, touching $2.81 in price. Subsequently, $FLŌKI’s current price is $0.0000000000009956 after an 1170.26% increase.

DeFi TVL Records 1.98% Slump While NFT Sales Volume Surges by 20.90%

Subsequently, the DeFi TVL has dropped by 1.98%, attaining the $150.225B mark. Additionally, the top DeFi project in terms of TVL, Aave, has plunged by 1.80%, reaching $38.342B. Nonetheless, when it comes to 1-day TVL change, SpookySwap takes the top position, claiming the stunning 1970% spike over 24 hours.

On the other hand, the NFT sales volume has recorded a 20.90% increase, claiming the $13,426,154 figure. In the same vein, the top-selling NFT collection, DX Terminal, has jumped by 207.43% to touch $1,486,920 spot.

U.K. Approves BlackRock Bitcoin ETP, Kadena Halts Operations

Moving on, the crypto landscape has also seen many other notable developments over 24 hours. A key event in this respect is the U.K. government’s clearance for crypto, as the Bitcoin ETP of BlackRock has gone live on London Stock Exchange.

Moreover, Kadena, a well-known crypto platform, has suddenly announced a shutdown, blaming uncertain market conditions. Furthermore, Bealls, a U.S. retailer, has expressed plans to embrace crypto in 99 assets across its 660 stores.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

XRP Bounces Back: From $1.90 Low to $2.50 Surge in Classic Buy Opportunity

XRP Bounces Back: From $1.90 Low to $2.50 Surge in Classic Buy Opportunity

XRP Depicts a Classic Contrarian Buy OpportunityAccording to leading on-chain metrics provider Santiment, XRP has staged an impressive rebound, crossing above $2.50 just ten days after dipping below $1.90. This surge comes only three days after retracing to $2.20, signaling a strong recovery that traders and investors are watching closely.Even though XRP has pulled back to $2.40 Santiment’s data highlights a key market dynamic: retail investors were selling at a loss, spreading fear, uncertainty, and doubt (FUD) across social channels. Meanwhile, savvy investors recognized a classic contrarian opportunity. Historically, prices tend to move opposite to retail sentiment, and XRP’s recent performance illustrates this principle perfectly.Therefore, XRP’s surge past $2.50 highlights the power of on-chain analytics. By tracking wallet activity, transaction flows, and social sentiment, platforms like Santiment reveal when retail panic aligns with institutional accumulation, turning crowd FUD into prime entry opportunities for disciplined traders.Notably, XRP’s surge is being fueled by expanding adoption in cross-border payments and enterprise solutions. Ripple is rapidly bridging traditional banking with blockchain efficiency, and the token’s price now mirrors a powerful blend of technical signals, on-chain metrics, and real-world adoption trends.Furthermore, the recent price action highlights how emotions often distort market reality. While retail rushed to sell during the dip, savvy traders used the fear and losses as an opportunity, positioning for a strong rebound.What’s next? Well, XRP’s path forward will hinge on the tug-of-war between retail fear and institutional buying. On-chain metrics and contrarian signals could reveal prime opportunities when panic drives temporary undervaluation.ConclusionXRP’s climb past $2.50 highlights the power of contrarian strategies because retail panic created short-term losses, but disciplined traders turned fear into opportunity. As adoption and institutional interest grow, this rebound underscores how on-chain analysis and contrarian thinking reveal strategic entry points in volatile markets.
Share
2025/10/23 02:25
Share