Crypto market rebounds: why BTC, ETH and XRP are surging today

Bitcoin and other major cryptocurrencies rebounded on Sunday after US President Donald Trump confirmed that he will meet Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation (APEC) summit in Seoul on October 31.

The announcement, signalling a potential thaw in US-China trade tensions, helped lift market sentiment following one of the most volatile weeks in recent memory.

At the time of writing on Monday, Bitcoin (BTC) was up about 1.2% to $108,020, extending modest gains from earlier in the day.

The world’s largest cryptocurrency had plunged earlier in the week amid fears of a protracted trade war and thin market liquidity, but regained ground following Trump’s comments.

Ethereum (ETH) climbed to $3,943, while Binance Coin (BNB) traded at $1,102.23, each gaining roughly 3.5%.

Solana (SOL) rose nearly 4% to $185.81. Other major tokens, including XRP and Cardano, also advanced, echoing the broader rebound across the digital asset market.

Market sentiment, however, remains fragile. The Crypto Fear and Greed Index fell to 22 on Friday—its lowest level in six months—indicating “Extreme Fear” among investors.

This follows last week’s historic liquidation event that erased nearly $20 billion in leveraged crypto positions, marking the worst such collapse in the market’s history.

The sudden market wipeout was triggered by Trump’s earlier social media posts announcing new tariffs on China and his assertion that there was “no reason” to meet Xi.

The resulting cascade of liquidations, fueled by excessive leverage and limited liquidity, left several altcoins down more than 99% at the trough of the selloff.

Macro overhang: Fed in focus as CPI and rate cut loom

Attention in global markets now turns to the United States, where the ongoing government shutdown has curtailed key economic data releases.

The Bureau of Labor Statistics is still expected to release September’s Consumer Price Index (CPI) report later this week, a data point that will determine the 2026 Social Security cost-of-living adjustment (COLA).

While tariffs could start adding upward pressure to prices, the Federal Reserve appears more concerned about the slowdown in hiring and overall economic softness.

The Beige Book pointed to weakening private-sector activity, with markets now pricing in a 25-basis-point rate cut at the October 29 FOMC meeting and further easing through year-end.

ETF Flows signal continued outflows in Ethereum, Bitcoin

Exchange-traded fund (ETF) flows over the past week reflected continued investor caution in the crypto market.

Ethereum ETFs recorded net outflows of about $1.47 billion, with daily figures of (326.4), 102.7, (104.1), (530.9), and (366.6) million dollars, underscoring sustained selling pressure despite the token’s modest price rebound.

Bitcoin ETFs, meanwhile, posted net outflows of roughly $311 million for the week, based on daily flows of (428.5), 236.2, 169.6, (56.8), and (232.3) million dollars.

The mixed pattern — alternating inflows and outflows — suggests that while investor confidence remains fragile, some accumulation has resumed following last week’s historic liquidation event.

Top gainers and losers

Among top performers, Mantle (MNT) surged 12.09% to $1.85, marking the day’s strongest gain.

Zcash (ZEC) followed with a 9.17% rise to $240.92, while Bittensor (TAO) advanced 9.13% to $436.12.

Artificial Superintelligence Alliance (FET) climbed 9.43% to $0.2854, despite a marginal intraday decline, and SPX6900 (SPX) added 5.44% to $0.9933.

The rally in these tokens reflected renewed interest in AI-linked and privacy-focused cryptocurrencies after recent sharp selloffs.

On the downside, MYX Finance (MYX) fell 8.96% to $2.67, leading losses among mid-cap altcoins.

Plasma (XPL) dropped 3.52% to $0.4047, while Flare (FLR) and Nexo (NEXO) declined 2.78% and 0.73%, respectively. KuCoin Token (KCS) edged 0.60% lower to $13.51.

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