Cryptocurrencies began the new week with strong gains, mirroring the rebound in global stock markets. Bitcoin and Solana each rose about 4% over the past 24 hours, while Ethereum, BNB, and XRP gained roughly 5%. Despite the solid daily performance, most major coins remain slightly lower than a week ago, as the market continues to stabilize following early-October volatility linked to trade tensions and the recent flash crash.
Bitcoin now trades above $111,000, recovering ground after last week’s choppy trading. Ethereum regained the $4,000 level, and BNB climbed above $1,100. While these levels are below recent highs, they remain high from a longer-term perspective, with all three assets still close to their record peaks set few weeks ago.
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Sentiment
The Crypto Fear and Greed Index stands at 29, signaling “fear”, though it has improved slightly from last week’s deeper “extreme fear” readings. CoinMarketCap’s equivalent index remains slightly higher at 30, also signaling “fear”.
Market sentiment has remained subdued for most of the past week amid geopolitical uncertainty and lingering concerns from the October 10 flash crash.
Broader context
The ongoing U.S. government shutdown has entered its third week, delaying several key economic reports and freezing certain regulatory actions. Among the affected areas is the approval process for multiple pending spot crypto ETFs, as the Securities and Exchange Commission remains partially inactive.
According to Polymarket data, traders remain confident that ETF approvals will eventually move forward but are divided on the shutdown timeline – with nearly half betting it could extend for another month or longer.
Meanwhile, the flash crash from October 10 still influences market sentiment. The event, triggered by tariff-related fears and exchange liquidations, saw billions in leveraged positions wiped out before prices rebounded within minutes. Analysts note that the speed of recovery and continued high valuations indicate the sell-off was likely a temporary liquidity shock rather than a broader structural issue.
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Traditional Markets
U.S. stock futures rose Monday morning as easing trade tensions and a strong start to earnings season supported risk assets. President Trump said last week that the previously threatened tariff levels on Chinese goods are “not sustainable”, while Treasury Secretary Scott Bessent confirmed that relations with Beijing have “de-escalated.” Futures for the Dow Jones, S&P 500, and Nasdaq 100 were up between 0.3% and 0.4%.
Gold prices edged lower after reaching record highs last week, reflecting improved market sentiment, while oil prices stabilized. China’s economy also reported 4.8% annual growth for the third quarter, slightly above expectations, suggesting that global growth remains steady despite earlier trade friction.
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Outlook
With Bitcoin, Ethereum, and BNB all holding near key technical levels, analysts see potential for continued stabilization if macro conditions remain calm. However, investors are still watching several near-term risks – including the unresolved U.S.-China tariff dispute, the ongoing government shutdown, and the upcoming release of delayed inflation data later this week.
For now, the broader crypto market appears to be regaining balance, but sentiment remains fragile as traders weigh recovery momentum against ongoing uncertainty.
