Crypto Market Gains $110B in 24 Hours as Bitcoin, Ethereum Lead Rally

Crypto Market Adds $110 Billion in 24 Hours, Bitcoin and Ethereum Drive Rally

Key highlights:
Over $110 billion added in crypto market in just 24 hours.

Earlier this morning, Bitcoin had moved higher to $114,431, up 2.29%.

Ethereum was at $4,201, and gained 1.96% in the past 24 hours

The global cryptocurrency market saw a sharp inflow of funds today, with an addition of more than $110 billion in just 24 hours. On Tuesday, the market reached the $3.97 trillion milestone, which reflects a 0.4% rise and marks a key psychological breakthrough for traders.

In terms of liquidations, Bitcoin recorded $81.54 million while Ethereum logged $78.90 million.

Bitcoin was trading at $113,002, a 0.9% increase in the past day, as investor sentiment improved. Historically, Bitcoin has mirrored gold’s trajectory, reinforcing its reputation as a safe-haven asset. Ethereum also showed momentum, climbing to $4,163.35, up 1.4% in the past 24 hours.

Crypto Market Moves on Whale Accumulation and Institutional Inflows

The altcoin market showed mixed performance on Tuesday. Binance Coin (BNB) traded above $1,016.17, Solana (SOL) was near $206.98, while XRP slipped to $2.85. Dogecoin (DOGE) was steady at $0.2303. The global market cap moved closer to $4 trillion, reflecting growing optimism as expectations of lower interest rates boost liquidity.

Earlier this morning, Bitcoin had moved higher to $114,431, up 2.29% over the last 24 hours and 1.71% over the week. Ethereum was at $4,201, and gained 1.96% in the past 24 hours and 0.17% over seven days.

 “Bitcoin continued its upward momentum, trading over $114,800 as market sentiment improved alongside gold hitting new all-time highs. Historically, Bitcoin has followed gold’s trajectory as both assets are seen as safe havens. “

Edul Patel said that also, whales continue to support price action with transfers of over 3,900 BTC in a day, which hints at potential big moves ahead.

Market sentiment remains mostly positive, with October seasonality historically supporting a bullish outlook. But, market analysts caution that macroeconomic risks linger. A decisive move above $115,000 could open the path to higher levels, but any pullback may test the $111,000 support zone.

Institutional Inflows and ETF Optimism

Institutional activity has been a key driver of momentum. On September 29, spot Ethereum ETFs recorded net inflows of $547 million, snapping five consecutive days of outflows. Spot Bitcoin ETFs saw $522 million in net inflows, although BlackRock’s IBIT was the only product to record an outflow.

Optimism also surrounds the potential approval of additional crypto ETFs. Bloomberg ETF analyst Eric Balchunas noted that the approval odds for spot crypto ETFs are now “essentially 100%.” He explained that new generic listing standards have rendered the 19b-4 filings irrelevant, leaving only S-1 filings awaiting formal clearance from the SEC’s Division of Corporation Finance. Notably, the Solana ETF has already filed its fourth amendment, signaling approval could come soon.

However, Bloomberg Intelligence analyst James Seyffart cautioned that an impending US government shutdown could complicate the approval process.

Government Shutdown Speculation and Crypto Outlook

Political uncertainty still is a key risk factor for the crypto market. The probability of a US government shutdown this year climbed to 86% on Tuesday, according to bettors on Polymarket. On Kalshi, another crypto-based prediction market, bettors placed the odds at 83%, up from 70% before Monday’s White House meeting between President Trump and congressional leaders failed to produce a deal.

Amid this backdrop, regulatory progress around crypto could see delays. This delay might leave investors weighing optimism from institutional flows and ETF approvals against an overall macro and political risks.

Also Read: $7M Whale Bet: HyperLiquid Sees Major Shorts on XPL, ASTER, APEX

 

Previous article$7M Whale Bet: HyperLiquid Sees Major Shorts on XPL, ASTER, APEX
Next articleScandinavian & Nordic Gaming Show 2025: Regulation & Innovation
Ritu LavaniaRitu Lavania
Ritu Lavania is a dedicated Web3 content creator with over 3+ years of experience in the crypto space. She is part of the team at CryptoMoonPress, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, and cross-functional collaboration, she creates content tailored to diverse audiences. Passionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.