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October Crypto Recap: Bitcoin Rebounds, Ethereum Holds the Line, TON Quietly Builds

October Crypto Recap: Bitcoin Rebounds, Ethereum Holds the Line, TON Quietly Builds Bitcoin (BTC) From ~105 K lows back toward 116 K, reclaiming mid-range ground after the October nuke. BTC/USD 1H Chart, Coinbase. Source: TradingView So yeah, BTC finally decided it’s had enough of the post-tariff hangover and pushed a pretty convincing local rebound. What’s funny is that it doesn’t feel euphoric — sentiment’s only just crawled out of “fear” territory, according to the Crypto Fear & Greed Index. You can almost sense the hesitation: traders are buying, sure, but with one foot still hovering over the brake pedal. The current Crypto Fear and Greed score. Source: Alternative.me Macro helped a bit here. The odds of a Fed rate cut jumped to 98%, and inflation data came in softer than expected. That combination alone gave crypto a much-needed tailwind. Stocks hitting record highs didn’t hurt either — risk appetite’s slowly seeping back in. Scott Bessent breaks the news of positive trade negotiations between the US and China. Source: The White House And politically, Trump’s Treasury team reached what they called a “substantial” trade framework with China. That eased the tariff panic — the very one that triggered October’s crash in the first place. US President Donald Trump answers reporters’ questions on several topics, including CZ, at Thursday’s press conference. Source: The White House Then there’s the crypto-native side of things. CZ’s presidential pardon reignited speculation about Binance’s possible U.S. return. Ferrari 499P. Source: Wikimedia Even Ferrari wandered into the picture, teasing a digital token auction for its Le Mans-winning car. Random, sure — but sort of symbolic. When old luxury brands keep inching toward crypto, it makes the rebound feel a little more “real.” So where does that leave Bitcoin? Right at the top of its crash-range again, hovering near 116 K. Maybe it breaks through, maybe it doesn’t. The range is still a minefield, and the easy gains are done. If you’re trading short-term, you keep your stops tight. If you’re thinking bigger picture, you probably wait for this box to break cleanly before pretending the road to new highs has reopened. Ethereum (ETH) Bounced from 3.7 K to 4.25 K, shadowing BTC’s recovery and poking its own local ceiling. BTC/USD 1H Chart, Coinbase. Source: TradingView Ether’s move this week feels like déjà vu — it’s still dancing to Bitcoin’s rhythm, just with a slightly smoother beat. Spot ETH ETFs, though, told a different story: outflows for a second straight week. Even so, the market shrugged it off. Traders are looking ahead to the December 3 Fusaka upgrade, now in its final testnet phase, which reminded everyone that, beyond all the noise, Ethereum still ships code. Ethereum Hard Fork timeline. Source: ethroadmap.com Technically, ETH remains trapped below that thick 4.3 K resistance — the same one that’s rejected every breakout attempt this month. It’s visible, it’s psychological, and it’s not breaking until Bitcoin clears its own ceiling. Narratively, the Ethereum camp had a noisy week. ConsenSys’ Joe Lubin called Ether “the highest-powered money on the planet.” https://www.youtube.com/watch?v=haInlj7rTSs&embeds_referring_euri=https%3A%2F%2Fcointelegraph.com%2F&source_ve_path=MjM4NTE Polygon’s founder publicly questioned his “loyalty” to Ethereum, while Solana’s Anatoly couldn’t resist calling L2s “centralized security liabilities.” It’s like everyone’s back to arguing theology again — and that’s a classic sign the cycle’s maturing. Source: Sandeep Nailwal Still, correlation is king right now. No matter what tech milestones or philosophical debates play out, ETH won’t decouple until BTC’s direction becomes clearer. Toncoin (TON) From ~2.06 to 2.25, late to the party but joining the rebound. BTC/USD 1H Chart, Coinbase. Source: TradingView TON didn’t exactly rip, but it’s finally catching a bid again — and this time, the optimism actually has some substance behind it. The new TON Strategic Reserve site quietly went live this week, showing that TON Strategy and AlphaTON Capital together now hold about 229 million TON, roughly 4.7% of total supply. Around the same time, Grayscale re-added TON to its “assets under consideration” list, which is a pretty big nod from the TradFi side. It’s the second time they’ve done this, and the fact that it’s resurfacing a year later suggests the interest in Telegram’s blockchain is becoming more systematic than ‘experimental’. https://x.com/Grayscale/status/1976667036798583185 On the infrastructure front, TON’s still benefiting from having Tether Gold (XAUt0) as its first omnichain token — that little experiment now sits at a $10.7 million cap, with more than half of it circulating right on TON. It’s a small number in the grand scheme, but symbolically, it shows TON’s evolving into a serious multi-asset platform, not just a chat-app chain. AlphaTON itself also made headlines this week with a new CFO appointment — Wes Levitt (formerly of Theta Labs), who’ll be compensated half in fiat, half in TON, plus a chunky options package. It’s a corporate move, but one that says the money around this network is getting more professional. All in all, TON’s looking steadier — not exactly a breakout story, but definitely reasserting its relevance after a few quiet weeks. Its price is moving in sync with the majors, yes, but this time there’s genuine ecosystem momentum under it. Still, if Bitcoin stumbles near 116 K, TON will likely give back ground like everyone else.
October Crypto Recap: Bitcoin Rebounds, Ethereum Holds the Line, TON Quietly Builds Bitcoin (BTC) From ~105 K lows back toward 116 K, reclaiming mid-range ground after the October nuke. BTC/USD 1H Chart, Coinbase. Source: TradingView So yeah, BTC finally decided it’s had enough of the post-tariff hangover and pushed a pretty convincing local rebound. What’s funny is that it doesn’t feel euphoric — sentiment’s only just crawled out of “fear” territory, according to the Crypto Fear & Greed Index. You can almost sense the hesitation: traders are buying, sure, but with one foot still hovering over the brake pedal. The current Crypto Fear and Greed score. Source: Alternative.me Macro helped a bit here. The odds of a Fed rate cut jumped to 98%, and inflation data came in softer than expected. That combination alone gave crypto a much-needed tailwind. Stocks hitting record highs didn’t hurt either — risk appetite’s slowly seeping back in. Scott Bessent breaks the news of positive trade negotiations between the US and China. Source: The White House And politically, Trump’s Treasury team reached what they called a “substantial” trade framework with China. That eased the tariff panic — the very one that triggered October’s crash in the first place. US President Donald Trump answers reporters’ questions on several topics, including CZ, at Thursday’s press conference. Source: The White House Then there’s the crypto-native side of things. CZ’s presidential pardon reignited speculation about Binance’s possible U.S. return. Ferrari 499P. Source: Wikimedia Even Ferrari wandered into the picture, teasing a digital token auction for its Le Mans-winning car. Random, sure — but sort of symbolic. When old luxury brands keep inching toward crypto, it makes the rebound feel a little more “real.” So where does that leave Bitcoin? Right at the top of its crash-range again, hovering near 116 K. Maybe it breaks through, maybe it doesn’t. The range is still a minefield, and the easy gains are done. If you’re trading short-term, you keep your stops tight. If you’re thinking bigger picture, you probably wait for this box to break cleanly before pretending the road to new highs has reopened. Ethereum (ETH) Bounced from 3.7 K to 4.25 K, shadowing BTC’s recovery and poking its own local ceiling. BTC/USD 1H Chart, Coinbase. Source: TradingView Ether’s move this week feels like déjà vu — it’s still dancing to Bitcoin’s rhythm, just with a slightly smoother beat. Spot ETH ETFs, though, told a different story: outflows for a second straight week. Even so, the market shrugged it off. Traders are looking ahead to the December 3 Fusaka upgrade, now in its final testnet phase, which reminded everyone that, beyond all the noise, Ethereum still ships code. Ethereum Hard Fork timeline. Source: ethroadmap.com Technically, ETH remains trapped below that thick 4.3 K resistance — the same one that’s rejected every breakout attempt this month. It’s visible, it’s psychological, and it’s not breaking until Bitcoin clears its own ceiling. Narratively, the Ethereum camp had a noisy week. ConsenSys’ Joe Lubin called Ether “the highest-powered money on the planet.” https://www.youtube.com/watch?v=haInlj7rTSs&embeds_referring_euri=https%3A%2F%2Fcointelegraph.com%2F&source_ve_path=MjM4NTE Polygon’s founder publicly questioned his “loyalty” to Ethereum, while Solana’s Anatoly couldn’t resist calling L2s “centralized security liabilities.” It’s like everyone’s back to arguing theology again — and that’s a classic sign the cycle’s maturing. Source: Sandeep Nailwal Still, correlation is king right now. No matter what tech milestones or philosophical debates play out, ETH won’t decouple until BTC’s direction becomes clearer. Toncoin (TON) From ~2.06 to 2.25, late to the party but joining the rebound. BTC/USD 1H Chart, Coinbase. Source: TradingView TON didn’t exactly rip, but it’s finally catching a bid again — and this time, the optimism actually has some substance behind it. The new TON Strategic Reserve site quietly went live this week, showing that TON Strategy and AlphaTON Capital together now hold about 229 million TON, roughly 4.7% of total supply. Around the same time, Grayscale re-added TON to its “assets under consideration” list, which is a pretty big nod from the TradFi side. It’s the second time they’ve done this, and the fact that it’s resurfacing a year later suggests the interest in Telegram’s blockchain is becoming more systematic than ‘experimental’. https://x.com/Grayscale/status/1976667036798583185 On the infrastructure front, TON’s still benefiting from having Tether Gold (XAUt0) as its first omnichain token — that little experiment now sits at a $10.7 million cap, with more than half of it circulating right on TON. It’s a small number in the grand scheme, but symbolically, it shows TON’s evolving into a serious multi-asset platform, not just a chat-app chain. AlphaTON itself also made headlines this week with a new CFO appointment — Wes Levitt (formerly of Theta Labs), who’ll be compensated half in fiat, half in TON, plus a chunky options package. It’s a corporate move, but one that says the money around this network is getting more professional. All in all, TON’s looking steadier — not exactly a breakout story, but definitely reasserting its relevance after a few quiet weeks. Its price is moving in sync with the majors, yes, but this time there’s genuine ecosystem momentum under it. Still, if Bitcoin stumbles near 116 K, TON will likely give back ground like everyone else.

Bitcoin (BTC) 

From ~105 Okay lows again towards 116 Okay, reclaiming mid-range floor after the October nuke.

BTC/USD 1H Chart, Coinbase. Source: TradingView

So yeah, BTC lastly determined it’s had sufficient of the post-tariff hangover and pushed a reasonably convincing native rebound. What’s humorous is that it doesn’t really feel euphoric — sentiment’s solely simply crawled out of “concern” territory, in keeping with the Crypto Fear & Greed Index. You can nearly sense the hesitation: merchants are shopping for, positive, however with one foot nonetheless hovering over the brake pedal.

The present Crypto Fear and Greed rating. Source: Alternative.me  

Macro helped a bit right here. The odds of a Fed price lower jumped to 98%, and inflation information got here in softer than anticipated. That mixture alone gave crypto a much-needed tailwind. Stocks hitting document highs didn’t damage both — threat urge for food’s slowly seeping again in.

Scott Bessent breaks the information of constructive commerce negotiations between the US and China. Source: The White House

And politically, Trump’s Treasury group reached what they referred to as a “substantial” commerce framework with China. That eased the tariff panic — the very one which triggered October’s crash in the first place.

US President Donald Trump solutions reporters’ questions on a number of subjects, together with CZ, at Thursday’s press convention. Source: The White House

Then there’s the crypto-native aspect of issues. CZ’s presidential pardon reignited hypothesis about Binance’s doable U.S. return. 

Ferrari 499P. Source: Wikimedia

Even Ferrari wandered into the image, teasing a digital token public sale for its Le Mans-winning automotive. Random, positive — however kind of symbolic. When previous luxurious manufacturers preserve inching towards crypto, it makes the rebound really feel somewhat extra “actual.”

So the place does that depart Bitcoin? Right at the prime of its crash-range once more, hovering close to 116 Okay. Maybe it breaks by means of, perhaps it doesn’t. The vary continues to be a minefield, and the simple beneficial properties are executed. If you’re buying and selling short-term, you retain your stops tight. If you’re pondering greater image, you most likely await this field to interrupt cleanly earlier than pretending the street to new highs has reopened.

Ethereum (ETH)

Bounced from 3.7 Okay to 4.25 Okay, shadowing BTC’s restoration and poking its personal native ceiling.

BTC/USD 1H Chart, Coinbase. Source: TradingView

Ether’s transfer this week seems like déjà vu — it’s nonetheless dancing to Bitcoin’s rhythm, simply with a barely smoother beat. Spot ETH ETFs, although, informed a unique story: outflows for a second straight week. 

Even so, the market shrugged it off. Traders are waiting for the December 3 Fusaka improve, now in its remaining testnet section, which reminded everybody that, past all the noise, Ethereum nonetheless ships code.

Ethereum Hard Fork timeline. Source: ethroadmap.com

Technically, ETH stays trapped beneath that thick 4.3 Okay resistance — the similar one which’s rejected each breakout try this month. It’s seen, it’s psychological, and it’s not breaking till Bitcoin clears its personal ceiling.

Narratively, the Ethereum camp had a loud week. ConsenSys’ Joe Lubin referred to as Ether “the highest-powered cash on the planet.” 

https://www.youtube.com/watch?v=haInlj7rTSs&embeds_referring_euri=https%3A%2F%2Fcointelegraph.com%2F&source_ve_path=MjM4NTE

Polygon’s founder publicly questioned his “loyalty” to Ethereum, whereas Solana’s Anatoly couldn’t resist calling L2s “centralized safety liabilities.” It’s like everybody’s again to arguing theology once more — and that’s a basic signal the cycle’s maturing.

Source: Sandeep Nailwal

Still, correlation is king proper now. No matter what tech milestones or philosophical debates play out, ETH gained’t decouple till BTC’s route turns into clearer.

Toncoin (TON) 

From ~2.06 to 2.25, late to the celebration however becoming a member of the rebound.

BTC/USD 1H Chart, Coinbase. Source: TradingView

TON didn’t precisely rip, nevertheless it’s lastly catching a bid once more — and this time, the optimism truly has some substance behind it. The new TON Strategic Reserve web site quietly went stay this week, displaying that TON Strategy and AlphaTON Capital collectively now maintain about 229 million TON, roughly 4.7% of whole provide. 

Around the similar time, Grayscale re-added TON to its “property into consideration” checklist, which is a fairly large nod from the TradFi aspect. It’s the second time they’ve executed this, and the undeniable fact that it’s resurfacing a yr later suggests the curiosity in Telegram’s blockchain is changing into extra systematic than ‘experimental’.

On the infrastructure entrance, TON’s nonetheless benefiting from having Tether Gold (XAUt0) as its first omnichain token — that little experiment now sits at a $10.7 million cap, with greater than half of it circulating proper on TON. It’s a small quantity in the grand scheme, however symbolically, it reveals TON’s evolving right into a severe multi-asset platform, not only a chat-app chain.

AlphaTON itself additionally made headlines this week with a brand new CFO appointment — Wes Levitt (previously of Theta Labs), who’ll be compensated half in fiat, half in TON, plus a chunky choices package deal. It’s a company transfer, however one that claims the cash round this community is getting extra skilled.

All in all, TON’s wanting steadier — not precisely a breakout story, however positively reasserting its relevance after just a few quiet weeks. Its worth is transferring in sync with the majors, sure, however this time there’s real ecosystem momentum beneath it. Still, if Bitcoin stumbles close to 116 Okay, TON will probably give again floor like everybody else.

The put up October Crypto Recap: Bitcoin Rebounds, Ethereum Holds the Line, TON Quietly Builds appeared first on Metaverse Post.

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