[LIVE] Crypto News Today: Latest Updates for Oct. 28, 2025 – Layer 2 Sector Tanks 4.4%, ETH Slips to $4K, BTC Below $114K
Cryptocurrency sectors noticed a broad decline over the previous 24 hours, with Layer 2 tokens main losses after a robust run-up. The Layer 2 sector dropped 4.46%, led by steep falls in Merlin Chain (-16.8%), Zora (-7.58%), and Mantle (-5.43%). Bitcoin slipped 1% to $113,800, whereas Ethereum fell 2.5% beneath $4,000. Among outliers, Hedera rose 6.05% forward of its anticipated Nasdaq ETF itemizing, and Trump-themed meme cash gained practically 10%. However, analysts stay constructive on the quick time period way forward for the market. “The mixture of simpler financial coverage and a calmer international backdrop creates a strong setup for Bitcoin and different cryptocurrencies, which thrive in intervals when liquidity is plentiful and sentiment is bettering,” mentioned Markus Levin, co-founder of XYO.
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