Crypto markets quickly rebounded on Friday after Thursday\u2019s sharp sell-off <\/a>as traders digest a cautiously optimistic outcome from the Trump-Xi meeting in Busan.<\/p>\n After Bitcoin (BTC<\/a>) briefly dipped below $107,000 during the session, it recovered Friday morning to trade just above $110,000 at press time, up 2.7% on the day. Ethereum (ETH<\/a>) is also up about 2.5% on the day, trading near $3,870, down almost 10% on the month.<\/p>\n BNB (BNB<\/a>) saw the smallest 24-hour gains among large-caps, up just 0.1%. Others in the top-10 assets by market capitalization like XRP (XRP<\/a>), Solana (SOL<\/a>) and Dogecoin (DOGE<\/a>) are all seeing moderate gains today between 1.5% and 3%. <\/p>\n This year, the much-hyped \u201cUptober\u201d<\/a> hasn\u2019t been able to live up to its name, after the Oct. 10 cascading liquidations<\/a> wiped out $20 billion in leveraged positions and slashed altcoin prices.<\/p>\n If Bitcoin ends the month where it stands now, it\u2019ll be down about 5%, the first red October since 2018, according to data<\/a> from CoinGlass. Back then, a 3.8% dip in October was just the start of a rough ride, with BTC sliding another 36.7% in November and 5% in December as the bear market deepened<\/a>.<\/p>\n Analysts at Glassnode said in a Friday X post<\/a> that Bitcoin has once again tested the 0.85 cost-basis band around $109,000, which they call \u201chistorically a make-or-break level,\u201d adding that holding it has sparked major rallies, but losing it \u201coften sees a slide toward the 0.75 band ($98K).\u201d<\/p>\n Among the top-100 assets<\/a>, Bittensor (TAO<\/a>) and Zcash (ZEC<\/a>) are yet once again the biggest gainers, up 11.8% and 11.3% respectively. As The Defiant reported<\/a> earlier, Bittensor has been rallying as it approaches its planned halving in December.<\/p>\n Zcash, in particular, has been the breakout performer of \u201cUptober,\u201d rallying<\/a> on renewed hype for Bitcoin-like tokens with a privacy focus. The surge pushed ZEC up nearly 294% over the past 30 days, reaching levels last seen in 2018.<\/p>\n Meanwhile, today\u2019s biggest losers are Figure Heloc (FIGR_HELOC) and pumpfun (PUMP), which are down 79.5% and 5% respectively.<\/p>\n Data from Coinglass<\/a> shows that over $566.7 million in leveraged positions were liquidated in the past 24 hours, including $126.5 million in shorts and around $440 million in longs. Bitcoin accounted for $186.2 million of that total, followed by Ethereum at $126.4 million, and altcoins with $53.7 million.<\/p>\n In October, not including today’s data, spot Ethereum ETFs recorded $668.1 million in net inflows, bringing total net assets to nearly $25 billion, while spot Bitcoin ETFs saw $3.61 billion in outflows, with its total net assets at around $144 billion, according to SoSoValue<\/a>. <\/p>\n On the macro side, markets appear to still be digesting yesterday’s meeting<\/a> in Busan where U.S. President Donald Trump and China President Xi Jinping reportedly reached<\/a> a limited trade truce. As part of the deal, which has yet to be finalized, U.S. tariffs on Chinese goods would fall to about 47% from 57%, and China would pause rare-earth export controls for a year and restart some soybean purchases.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" BTC is back above $110,000, but it\u2019s still not enough to close the “Uptober” in the green. Crypto markets quickly rebounded on Friday after Thursday\u2019s sharp sell-off as traders digest a cautiously optimistic outcome from the Trump-Xi meeting in Busan. After Bitcoin (BTC) briefly dipped below $107,000 during the session, it recovered Friday morning to […]<\/p>\n","protected":false},"author":2,"featured_media":409803,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-409800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/409800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=409800"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/409800\/revisions"}],"predecessor-version":[{"id":409805,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/409800\/revisions\/409805"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/409803"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=409800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=409800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=409800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"the-defiant\"](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.thedefiant.io%2Fpasted-1761924975638-png-b4d67e5f-fb64-428e-a74c-18f6631194b5.png&w=3840&q=100\"\/)
Big Movers and Liquidations<\/h2>\n
ETFs, Macro Conditions and What\u2019s Next<\/h2>\n