Bitcoin Recovers to $115,000 Amid Wild October Swings
The Crypto Fear & Greed Index now places market sentiment in neutral territory, though still near the “fear” region.
Quick overview
- Cryptocurrencies are experiencing a significant uptick, with Bitcoin rising approximately 1.6% and Ethereum gaining 4%.
- Bitcoin is attempting to close October positively, despite the volatility typical of the month, currently trading just above $114,000.
- The market is seeing stabilization in trading volumes after a period of high volatility, with the Crypto Fear & Greed Index indicating neutral sentiment.
- Upcoming events, including the Federal Reserve's interest-rate decision and a potential agreement between the U.S. and China, could impact Bitcoin's momentum.
Cryptocurrencies are trading sharply higher on Monday, extending the positive momentum seen in recent days. Bitcoin (BTC) is up roughly 1.6%, hovering around $115,000, while Ethereum (ETH) is gaining 4% and holding near $4,200, according to Binance.
The world’s largest cryptocurrency is aiming to close October in the green—though that outcome is far from guaranteed given the sharp volatility seen throughout the month, which is traditionally bullish for digital assets. Bitcoin currently sits just above the roughly $114,000 level at which it ended September.
Among altcoins, tokens such as Binance Coin (BNB), Solana (SOL), Dogecoin (DOGE), Tron (TRX), and Cardano (ADA) are advancing up to 2%. According to CoinGlass data, the past 24 hours saw roughly $400 million in liquidations across platforms: about $340 million in short positions and nearly $75 million in longs.
Consolidation After Weeks of Volatility
Bitcoin’s price is entering a consolidation phase after a highly volatile 2025 marked by sustained institutional interest. After several failed attempts to break its all-time high (ATH), analysts view the current price zone as a critical pivot point.
For the first time since the October 10 sell-off, cumulative spot and futures volumes show signs of stabilization, suggesting a reduction in aggressive selling pressure.
The Crypto Fear & Greed Index now places market sentiment in neutral territory, though still near the “fear” region. According to Glassnode, the Cumulative Volume Delta (CVD)—which tracks buying and selling pressure—has flattened in both spot and futures markets, coinciding with Bitcoin’s price recovery.
All Eyes on the Fed and the Trump-Xi Summit
Bitcoin’s current uncertainty is tightly linked to the Federal Reserve’s upcoming interest-rate decision. Although policymakers have adopted a more cautious stance in recent months, signs of another adjustment could fuel renewed capital flows into digital assets.
Historically, Bitcoin has reacted strongly to monetary policy shifts, particularly when a weaker dollar or improved market liquidity follow. A favorable move by the Fed could give Bitcoin the momentum needed to break its previous ceiling and enter a new bullish phase.
Adding to the backdrop is the upcoming meeting between Donald Trump and Xi Jinping. U.S. Treasury Secretary Scott Bessent noted that Washington and Beijing are nearing an agreement to prevent new tariffs. The deal could be finalized on October 30, when both leaders meet in South Korea during the Asia-Pacific Economic Cooperation (APEC) summit.
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