BTC, ADA, XRP, SOL News: Bitcoin Holds $111K as ‘Uptober’ Dud Heads for Last Week
Bitcoin stabilized near $111K while XRP led gains among majors as the crypto market cautiously re-entered risk after a major liquidation event.Summary
Bitcoin hovered near $111,000, extending a modest rebound as traders cautiously resumed risk-taking following a $19 billion liquidation event that dampened October's performance, which is on track to be the worst since 2015. XRP jumped 4.5% to lead gains among major cryptocurrencies, while Ether, BNB, and Solana also rose. The rally in BNB followed optimism after founder Changpeng Zhao received a pardon from U.S. President Donald Trump, seen by some as removing a significant overhang. Solana continues to attract institutional flow, acting as a liquidity proxy for risk-on sentiment. Despite the selective strength, the market is adjusting to a slow grind higher, with funding rates normalizing and spot buying taking the lead, suggesting longer-term money is returning. While Bitcoin holding the key $105,000 level stabilized confidence, traders are currently favoring rotation and selective exposure over broad speculation.
(Source：CoinDesk)