Crypto News Today: Fed Calm, Nvidia Milestone, and Political Firestorms Wrap Up Uptober
Crypto News Today: End of Uptober, Start of a New Cycle
October 2025 lived up to its “Uptober” name — but only partially .
The month began with strong rallies across Bitcoin and altcoins , only to end with macro caution, political drama, and tech dominance reshaping investor sentiment.
As November begins, the market finds itself at a crossroads between resilience and uncertainty, following a flood of headlines, macro indicators, and corporate moves that could define the next trend.
Bitcoin and Ethereum Cool Off
Bitcoin ($BTC) trades around $112,582, down -1.91% in 24 hours, while Ethereum ($ETH) sits at $3,995, down -2.75%. Despite the red candles, both assets remain well above September lows, reflecting stability amid rotation into AI and DeFi narratives.
BTC dominance holds near 27% , showing how traders continue to treat it as a macro hedge even as volatility rises.
Meanwhile, Solana ($SOL) outperformed major peers, rising +0.43% to $199 , extending its strong performance throughout Uptober thanks to growing developer momentum and token launches.
Legal Front: CZ vs. Warren, Crypto vs. Washington
One of the biggest stories of the week came from Binance Founder Changpeng Zhao (CZ), who reportedly plans to sue U.S. Senator Elizabeth Warren for defamation if she doesn’t retract alleged “false statements.”
This move underscores growing political friction between the crypto industry and U.S. regulators — but also signals that crypto leaders are pushing back harder than ever.
BNB’s price, however, reflected short-term caution, falling -2.29% to $1,108.55, as investors weighed reputation risk vs. resilience.
Peter Schiff Reignites the “Bitcoin Bubble” Debate
Long-time critic Peter Schiff returned to the spotlight, labeling Bitcoin a “bubble about to pop.”
While his comments echo his decade-long skepticism, the timing — just as Bitcoin stabilizes above $110K — is often seen as a contrarian signal by traders.
The broader sentiment remains neutral, with no signs of panic or structural weakness in Bitcoin’s technicals.
Macro Diplomacy: Trump, Xi, and the Return of Trade Optimism
Global diplomacy also played a major role this week.
President Donald Trump met with China’s President Xi Jinping to discuss Nvidia ($NVDA) AI chips, highlighting how tech and geopolitics are colliding in this new digital era.
Trump hinted at “something very satisfactory” coming out of the meeting — a statement that helped calm broader markets.
In parallel, Treasury Secretary Bessent declared that the U.S. and Japan are entering a “Golden Age”, while the U.S. Senate repealed tariffs on Brazil, signaling easing trade tensions heading into November.
These moves boost investor confidence, especially across AI and crypto markets, where liquidity is highly sensitive to global cooperation.
Tech Dominance: Nvidia’s $5 Trillion Milestone
No October recap would be complete without Nvidia’s historic rise .
The company became the first in history to reach a $5 trillion market cap, now worth more than all U.S. and Canadian banks combined.
This record marks a defining moment for AI — and by extension, for AI-linked cryptos like Fetch ($FET), Render ($RNDR), and Hyperliquid ($HYPE), which gained +0.16% to $47,990 today.
Nvidia’s growth cements AI as the decade’s dominant narrative, likely spilling over into blockchain projects that bridge data, computing, and decentralized intelligence.
DeFi Evolution: Ex-FTX President’s New Platform
In a surprising twist, the former FTX US President announced a new perpetuals trading platform for stocks, blending traditional markets with DeFi mechanics.
This reinforces a broader trend — the convergence of TradFi, CeFi, and DeFi, where innovation continues despite past scandals.
Projects like dYdX, GMX, and Hyperliquid stand to benefit from this renewed attention to derivatives and decentralization.
Market Snapshot
By TradingView - Cryptos (All)
Was It Really “Uptober”?
October lived up to its bullish reputation in parts — Bitcoin broke records early in the month, several AI and meme coins surged, and institutional inflows reached new highs.
Yet the final week saw macro tightening, rate-cut uncertainty, and sideways movement, cooling enthusiasm heading into November.
So was it really Uptober?
➡️ Yes — but one that ended with a pause rather than euphoria.
What to Expect in November
- Macro Focus: Fed clarity and inflation data will dominate sentiment.
- Political Front: Watch how the CZ vs. Warren feud and Trump’s foreign policy moves shape regulation and market perception.
- AI Trend: Nvidia’s momentum will likely fuel AI-crypto demand into Q4.
- Market Outlook: A consolidation phase before another potential leg up if liquidity expands.
November could start choppy but optimistic, especially if Bitcoin maintains support above $110K and Ethereum rebounds above $4K.
Conclusion
October ends with a mix of bullish innovation and political turbulence, but the market remains structurally strong.
As AI dominance, regulatory pushback, and global diplomacy collide, November could bring a new cycle of narratives — setting the tone for a volatile but opportunity-rich Q4.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The AI boom may follow the path of the 19th-century railway bubble, and builders may not be the ultimate winners
Goldman Sachs analyst Bobby Molavi compared the current situation to the 19th-century British railway mania: 500 companies spent more than the nation's annual income building 8,000 miles of railway, with most early investors losing out, while the real beneficiaries were the later "passengers." He pointed out that the current AI craze is driven by both debt and momentum, and that the S&P 500’s forward P/E ratio of 18x is only "a bit cheaper." Whether the builders can retain value is uncertain, and history does not offer an optimistic answer.
If Anthropic's IPO goes smoothly and the stock price rises next week, then everything remains the same for AI. Otherwise, some companies will go bankrupt.
The shrinking valuations of two major giants have triggered a chain reaction—investors are adopting more conservative revenue multiples for AI startups and are directly halting high-valuation financing for companies with zero revenue. Multiple venture capital firms have advised their portfolio companies to lower valuation expectations and to quickly build up cash reserves. Market participants warn that the outcome of Anthropic’s IPO will be a barometer for the industry: if successful, the boom will continue; if it fails, some companies may face elimination.
After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends
Morgan Stanley still maintains its most optimistic "Overweight" rating, but has lowered its year-end 2027 target price from $31 to $25.
Corning (GLW.US) receives initial "Buy" rating from Jefferies! AI factories driving a fiber optic rush, with a potential global supply gap of up to 30%
For Corning, the recent profit growth mainly comes from the expansion of AI clusters. As the number of optical links crossing cabinets and campuses increases, customers need to deploy more optical fibers within limited conduit and cabinet space, thus driving demand for high-density optical cables and connection systems.
Crypto prices
More
