🎙️ Market Pulse – 31 Oct 2025



Here’s your JD-style rundown of the crypto market today:

Key observations:

Bitcoin (BTC) is hovering just above $110 k after a recent pull-back; it briefly dipped toward ~$106,400 before finding some support.

Ethereum (ETH) is trading around $3,844 and has taken a sharper monthly hit than Bitcoin—down ~8% in October.

The total crypto market capitalization remains roughly in the $3.7-3.8 trillion zone.

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🧭 What’s driving the action?

Derivatives end-of-month pressure – Over $16 billion worth of Bitcoin & Ethereum options are set to expire today. That creates volatility since many positions may be forced to unwind.

Macro uncertainty – Despite earlier rate cuts, Federal Reserve Chair Jerome H. Powell signalled that a December cut isn’t guaranteed. Risk assets like crypto tend to shrink when rates stay high.

Profit-taking & risk-off sentiment – Some of October’s gains are being given back. The “Uptober” rally many expected didn’t fully materialise.

Emerging narrative around ETH vs BTC – A research firm suggests hedging ETH while staying long BTC, citing weak demand for ETH relative to Bitcoin.
BTC-2.42%
ETH-4.22%
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