What to Know
- The crypto market gained over 1% in the past day, reaching $2.77T as it moved away from the lower boundary of its short term trading range.
- Bitcoin traded near $83K, helped by a weaker dollar, recovering equity markets and technical support.
- The total crypto market is approaching its 50 day moving average, a zone that may act as resistance if the equity market recovery fades.
- The crypto market sentiment index rose to 63, keeping sentiment in the upper half of the spectrum.
- Theta gained 9.7%, Near rose 7.7% and Aptos advanced 7.5% among the most liquid coins over the past 24 hours.
- Basic Attention Token fell 5.4% after giving back some ground following a 150% surge since the start of the month.
- JPMorgan included BTC in its long term asset return forecasts for the first time, with an expected average annual return of 10% over the next 10 to 15 years.
- Ethereum developers scheduled the Glamsterdam update on the Hoodi testnet for 26 October.
- Visa and Mesh announced a partnership intended to support crypto and stablecoin payments at more than 175 million retail outlets worldwide.
- The Mt. Gox rehabilitation trustee extended the creditor payment deadline by one year to 31 October 2027.
Crypto Market Regains Footing After Recent Pullback
The digital asset market has regained upward momentum, with total capitalization rising over 1% in the past day to $2.77T. The move marks a recovery from the lower boundary of the market’s short term trading range and signals that buyers are again attempting to take control after a recent loss of momentum.
The rebound has not yet removed all technical risk. The market is now approaching its 50 day moving average, a widely watched level that can act as resistance when prices are recovering from a pullback. For technical traders, the area may become a key test of whether the current advance can develop into a broader trend or remain a relief move inside a still cautious market structure.
The latest bounce has been helped by a recovery in equities, which improved risk appetite across speculative assets. Bitcoin and other major cryptocurrencies often respond to broader shifts in investor sentiment, especially when equity markets are rallying and demand for higher risk assets improves. If the equity market recovery loses strength, however, crypto bulls may face a more difficult path through resistance.
Bitcoin Near $83K as Dollar Weakness Adds Support
Bitcoin traded near $83K as the market found support from both technical factors and a broader rebound in risk assets. The move followed a reversal to an uptrend in equities, which helped restore confidence among traders who had been watching for signs that pessimism was becoming overextended.
A softer dollar has also been a tailwind. The dollar weakened 1% following its peak a week earlier, easing pressure on cryptocurrencies and other assets that often benefit when the US currency pulls back. While Bitcoin is driven by its own supply dynamics, adoption trends and investor positioning, dollar weakness can make risk assets more attractive by reducing the relative appeal of cash and dollar based safety trades.
Market participants are also watching long term US bonds, which have been rising for two weeks. That shift has helped ease concerns that investors would remain trapped in a prolonged defensive posture. When bond market conditions stabilize and equities recover, crypto traders often become more willing to reenter positions, especially in assets such as BTC that sit at the center of the digital asset market.
Sentiment Holds in the Upper Half of the Range
The crypto market sentiment index rose to 63, rebounding from the middle of the range and remaining in the upper half of the spectrum. That reading shows a clear shift in market tone compared with the 10 months leading up to August, when sentiment conditions were generally less constructive.
Sentiment gauges are not direct price forecasts, but they help investors understand whether market psychology is becoming more supportive or more fragile. A reading in the upper half of the spectrum suggests that optimism has returned, but it can also mean that the market may need fresh catalysts to keep advancing. When sentiment improves quickly, traders often become more sensitive to resistance levels, macro changes and sudden reversals in risk appetite.
For now, the index suggests that the market has avoided a deeper slide into caution. That matters because crypto recoveries often depend on confidence returning across multiple layers of the market, including spot buying, derivatives positioning, stablecoin flows and institutional risk appetite.
Altcoins Show Mixed Momentum as Leaders Emerge
Among the most liquid coins over the past 24 hours, Theta led gains with a rise of 9.7%. Near followed with a 7.7% advance, while Aptos gained 7.5%. The strength in these tokens suggests that the recovery was not limited to Bitcoin alone and that some traders were willing to rotate into higher beta segments of the market.
Only three names among the most liquid coins were lower. Basic Attention Token declined 5.4%, giving back some ground after a 150% surge since the start of the month. Tron slipped 0.3%, while Cosmos eased 0.1%. The modest declines in Tron and Cosmos suggest limited selling pressure in those names, while Basic Attention Token’s pullback appears more closely tied to profit taking after a sharp earlier rally.
Altcoin performance remains important because broad participation can confirm that a rebound has depth. When only Bitcoin advances, traders may view the move as defensive rotation within crypto. When liquid altcoins also gain, the market often sees stronger evidence that risk appetite is expanding across the digital asset complex.
JPMorgan Adds Bitcoin to Long Term Return Forecasts
One of the most notable institutional developments came from JPMorgan, which included BTC in its long term asset return forecasts for the first time. The bank expects an average annual return of 10% over the next 10 to 15 years, placing Bitcoin within a formal long horizon asset return framework.
Even with that inclusion, the bank remains cautious on Bitcoin. It continues to view BTC primarily as a speculative asset and a high risk instrument that tracks the growth of global money supply. That framing reflects a broader institutional debate: Bitcoin is increasingly discussed in strategic allocation conversations, yet many large financial institutions still treat it as volatile and sensitive to liquidity conditions.
For crypto markets, the inclusion is symbolically important because it shows that Bitcoin is becoming harder for traditional finance to ignore. At the same time, the cautious tone underscores that institutional acceptance does not automatically mean low risk. BTC remains exposed to sharp swings in sentiment, regulation, liquidity and macro expectations.
Ethereum Testnet Upgrade Adds Network Focus
Ethereum developers have scheduled the activation of the Glamsterdam update on the Hoodi testnet for 26 October. The upgrade is designed to increase network throughput and improve the efficiency of transaction processing.
Testnet activations are closely watched because they allow developers to evaluate upgrades before broader deployment. For Ethereum, improvements in throughput and transaction processing efficiency remain central to long term competitiveness. The network serves as a major foundation for decentralized finance, stablecoins, token issuance and a wide range of blockchain applications.
While the market’s immediate focus has been on Bitcoin and macro conditions, Ethereum development remains a key structural theme. Network upgrades can influence investor confidence by showing whether the ecosystem continues to improve performance and scalability while maintaining reliability.
SkyAI Exits Solana Reserves While Continuing Platform Plans
SkyAI, formerly Sharps Technology, announced the complete sale of its Solana reserves and the launch of a share buyback programme. As recently as September, the company held over 2 million SOL and was among the top five public holders of the cryptocurrency.
The move is notable because public company crypto reserves can influence how investors assess balance sheet exposure and strategic commitment. A full sale of Solana reserves changes that exposure, but SkyAI has indicated that it intends to continue developing its Solana based financial AI platform.
That distinction matters. Selling reserves does not necessarily mean abandoning a blockchain ecosystem, but it can signal a shift in capital allocation, treasury risk management or shareholder return priorities. Market participants will likely watch whether the company’s platform development continues to progress after the reserve sale.
Visa and Mesh Expand Crypto Payment Ambitions
Visa and cryptocurrency platform Mesh announced a partnership that will enable customers to pay for purchases using cryptocurrencies and stablecoins at more than 175 million retail outlets worldwide. The announcement adds another major payments related development to the broader digital asset narrative.
Crypto payments have long faced a tension between market enthusiasm and practical adoption. Volatility, user experience, merchant integration and settlement concerns have often slowed mainstream usage. Stablecoins have helped address some of those challenges by offering digital settlement without the same level of price fluctuation seen in many cryptocurrencies.
If payment infrastructure continues to improve, it could support broader everyday usage of digital assets. Still, adoption depends on consumer demand, merchant acceptance, regulatory clarity and the reliability of the underlying payment rails.
Mt. Gox Deadline Extension Keeps Creditor Issue Open
Nobuaki Kobayashi, the rehabilitation trustee of Mt. Gox, extended the deadline for payments to creditors by one year to 31 October 2027. The extension reflects ongoing complications, with a significant proportion of affected creditors still awaiting compensation due to unfinished paperwork and payment processing issues.
The Mt. Gox creditor process remains one of the longest running legacy issues in the cryptocurrency market. Although it no longer defines the day to day direction of Bitcoin, traders still monitor the process because creditor distributions can affect market expectations and supply concerns.
The extended deadline means the issue will remain active for longer. For affected creditors, the focus remains on documentation and processing. For the broader market, the matter is another reminder that crypto infrastructure has matured substantially, but historical failures continue to carry consequences years later.
Technical Outlook: Resistance Now in Focus
The near term question is whether the crypto market can extend its rebound as it approaches the 50 day moving average. If buyers can maintain momentum and equities continue to support risk appetite, the market may attempt to build on its move away from the lower boundary of the short term range.
If the equity market recovery stalls, however, the same moving average could become a barrier. Technical traders often treat this type of level as a place to evaluate whether a rebound has enough strength to continue. A failure to push through resistance could encourage short term sellers or profit taking among traders who bought the recent dip.
Bitcoin remains the market’s anchor. Its position near $83K, combined with improving sentiment and dollar weakness, gives bulls a stronger foundation than they had during the pullback. Even so, the market’s ability to sustain gains will likely depend on whether macro conditions remain supportive and whether capital continues rotating beyond BTC into the wider crypto complex.
Frequently Asked Questions (FAQs)
Why did the crypto market rise?
The crypto market gained over 1% as risk appetite improved, equities recovered and the dollar weakened from its recent peak. Bitcoin also benefited from technical support and stronger sentiment across digital assets.
What is the total crypto market value now?
The total crypto market reached $2.77T after moving away from the lower boundary of its short term trading range.
Where is Bitcoin trading?
Bitcoin is trading near $83K, supported by a weaker dollar, improving equity market conditions and renewed demand for risk assets.
Why is the 50 day moving average important?
The crypto market is approaching its 50 day moving average, which technical traders often watch as a possible resistance zone during a rebound from a pullback.
Which liquid coins gained the most?
Theta rose 9.7%, Near gained 7.7% and Aptos advanced 7.5% among the most liquid coins over the past 24 hours.
What did JPMorgan say about Bitcoin?
JPMorgan included BTC in its long term asset return forecasts for the first time and expects an average annual return of 10% over the next 10 to 15 years, while still viewing Bitcoin as a speculative and high risk asset.
What is the Ethereum Glamsterdam update?
The Glamsterdam update is an Ethereum upgrade scheduled for activation on the Hoodi testnet on 26 October. It is designed to increase throughput and improve transaction processing efficiency.
What did Visa and Mesh announce?
Visa and Mesh announced a partnership that will enable customers to pay with cryptocurrencies and stablecoins at more than 175 million retail outlets worldwide.
What changed in the Mt. Gox creditor process?
The Mt. Gox rehabilitation trustee extended the payment deadline by one year to 31 October 2027 because many affected creditors are still waiting due to unfinished paperwork and payment processing issues.