The cryptocurrency market has started the week all guns blazing, as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and other tokens trade in bullish territory. Market optimism has surged as optimism over a new trade deal between the US and China grows. The odds of a rate cut by the Federal Reserve also lifted investor sentiment, as prices rallied. BTC traded around $113,500 over the weekend before price action picked up early on Monday. As a result, BTC reclaimed the $115,000 level, rising over 3% and moving to its current level of $115,477.
ETH registered an even stronger rally. The altcoin reclaimed $4,000 over the weekend and surged past $4,200 early on Monday. The world’s second-largest cryptocurrency is up over 7% in the past 24 hours, trading around $4,225. XRP is up over 1%, while SOL is up almost 6%, having reclaimed $200 and trading around $204. Dogecoin (DOGE) is up over 6%, while Cardano (ADA) is up nearly 5%, trading around $0.683. Chainlink (LINK), Stellar (XLM), Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) have also registered substantial increases over the past 24 hours.
Bitplanet Initiates Bitcoin Treasury Strategy With 93 BTC Purchase
South Korea’s Bitplanet has become the latest publicly-listed entity to pivot to Bitcoin (BTC). The firm announced the purchase of 93 BTC on October 26 as part of its long-term strategy to build a 10,000 BTC treasury. The move makes Bitplanet the first fully-regulated company to make a Bitcoin purchase. The firm, backed by Metaplanet’s Simon Gerovich, is positioning itself as the best treasury company in South Korea.
According to co-CEO Paul Lee, Bitplanet has strengthened governance and compliance systems, adding that the firm has quietly accumulated BTC over the past two weeks using a regulated platform to ensure transparency and risk management. Bitplanet’s push into the Bitcoin treasury space comes as the market recovers from the October 19 crash. The crash saw over $19 billion liquidated, pushing BTC down to multi-month lows. ETF inflows have also bounced back, with Bitcoin and Ethereum ETFs recording over $600 million in net inflows last week.
Changpeng Zhao’s Pardon A Result Of Expensive Lobbying Push
Former Binance CEO Changpeng Zhao’s pardon was the result of months of expensive and extensive lobbying efforts. Zhao served a four-month prison sentence last year after authorities found him guilty of violating U.S. anti-money Laundering laws. According to a report, the former CEO benefited from a months-long lobbying campaign by Binance and its legal team to win over key figures around President Trump.
The report claimed that Binance hired Ches McDowell, a close associate of Donald Trump Jr., and his firm Checkmate Government Relations to lobby the White House and the Treasury Department. Checkmate received $450,000 for one month’s work and has already raked in $7.1 million in revenue over the past three months. Binance and Zhao also retained Teresa Goody Gullen, a crypto lawyer once considered for SEC Chair under Trump. Gullen’s firm has reportedly earned $290,000 from Binance and Zhao this year alone.
Binance’s latest lobbying efforts come as the company spent over $1 million in lobbying in 2022 before pausing as part of its 2023 plea deal.
Scott Bessent Outlines Trade Deal Framework Between US And China
Treasury Secretary Scott Bessent has said that the US and China have made substantial headway on a trade deal framework. The statement has renewed optimism that markets will resume their upward trajectory. The agreed framework means that the 100% tariffs on China, announced by President Trump back in October, will likely not be implemented. Bessent added that the US and China will also collaborate on security issues and agreements.
“President Trump gave me a great deal of negotiating leverage with the threat of 100% tariffs on November 1, and I believe we have reached a very substantial framework that will avoid that and allow us to discuss many other things with the Chinese.”
Crypto markets reacted to the news as expected, with BTC, ETH, SOL, and other cryptocurrencies rising.
Indian Court Recognizes Crypto As Property
The Madras High Court has ruled that cryptocurrency qualifies as property under Indian law and can be held in trust. The ruling came during a hearing involving the WazirX hack. Justice Venkatesh stated that cryptocurrencies possess all the primary features of property.
“There can be no doubt that ‘cryptocurrency’ is a property. It is not a tangible property, nor is it a currency. It is a property, which is capable of being enjoyed and possessed (in a beneficial form). It is capable of being held in trust.”
Justice Venkatesh also noted that cryptocurrencies are identifiable, transferable, and controlled through private keys. The judge also highlighted Section 2(47A) of the Income Tax Act, 1961, which classified cryptocurrencies as “virtual digital assets.”
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) has clearly resumed its upward trajectory, as seen from its daily chart. The flagship cryptocurrency is up nearly 4% in the past 24 hours and has reclaimed the $115,000 level. BTC’s recovery began on Thursday as it rallied after reaching a low of $106,639 a day prior. The flagship cryptocurrency reclaimed $110,000 on Friday and reached $111,666 on Saturday. Bullish sentiment intensified on Sunday as BTC rallied, rising nearly 3% and settling at $114,548. The price is up over 1% during the ongoing session, trading around $115,787.
BTC remained in positive territory over the weekend despite selling pressure as Friday’s rebound helped the bulls move to a higher level. Positive US inflation data boosted price action further, pushing BTC past key levels. According to trader Crypton Caesar, a clean break above the $112,000-$115,000 levels could push prices above $120,000, potentially towards a new all-time high.
“BTC is testing a key resistance around $112K. A CLEAN break and close above it could confirm a bullish continuation toward $123K.”
Another trader and investor, Ted Pillows, outlined a similar view, stating,
“BTC seems to be in a short-term uptrend. 4 consecutive green daily candles, which means someone is consistently TWAP-ing Bitcoin here. I’m still eyeing a $112,000-$114,000 zone, as a reclaim could push BTC above $118,000 really soon.”
Markets are also optimistic about a rate cut. The Federal Reserve is expected to cut interest rates by 0.25%, following its October 29 meeting. Data from CME Group’s FedWatch Tool puts the odds of a rate cut at 98%. According to trading resource The Kobeissi Letter, the Fed’s rate cuts are part of a worldwide rates “pivot” by central banks.
“So far, 82% of world central banks have cut rates over the last 6 months, the highest share since 2020. This century, central banks have slashed rates at a pace only seen during recessions. Global monetary easing is in full swing.”
News that the US and China have agreed to an early framework agreement on trade issues further boosted market sentiment. Officials described the talks between the US and China as “successful,” pushing prices higher. The trade breakthrough came during President Trump’s first Asian tour of his second term. Trump signed a key trade deal and a critical minerals agreement with Malaysia. The US President has also brokered a peace deal between Thailand and Cambodia, while China agreed to delay rare earth export controls by a year.
“U.S. President Trump has begun his first Asian tour of his second term, with the US and China reaching a trade framework ahead of the Trump-Xi meeting. Trump signed a trade deal and a critical minerals pact with Malaysia, while also overseeing a peace declaration between Thailand and Cambodia.”
BTC ended the previous weekend in positive territory, rising 1.37% on Sunday and settling at $108,676. Buyers retained control on Monday as the price rose nearly 2% to reclaim $110,000 and settle at $110,568. BTC surged to an intraday high of $114,082 on Tuesday. However, it lost momentum after reaching this level and dropped 1.99% to $108,362. Selling pressure persisted on Wednesday as BTC fell 0.72% to a low of $106,639 before settling at $107,585. Despite the selling pressure, the price recovered on Thursday, rising over 2% to cross $110,000 and settle at $110,116. BTC continued pushing higher on Friday, rising almost 1% to $111,042.
Source: TradingView
Price action remained positive over the weekend with BTC rising 0.56% on Saturday and settling at $111,666. Bullish sentiment intensified on Sunday thanks to positive macroeconomic developments, including positive trade talks between the US and China, and rising odds of a rate cut. As a result, BTC rose 2.58% to cross $114,000 and settle at $114,548. The flagship cryptocurrency has crossed $115,000 during the ongoing session, and is up almost 1%, trading around $115,481.
Ethereum (ETH) Price Analysis
Ethereum (ETH) registered a sharp rally to reclaim $4,000 as positive macroeconomic developments lifted prices and investor sentiment. The altcoin fell to a low of $3,709 on Thursday before recovering. It briefly crossed $4,000 on Friday and maintained its upward trajectory over the weekend, rallying over 5% on Sunday to settle at $4,157. ETH is up almost 1% during the ongoing session, trading around $4,194.
Meanwhile, Ethereum whales are quietly accumulating the token as the altcoin’s next major move takes shape. According to data from Alphractal, wallets holding between 10,000 and 100,000 ETH have been steadily increasing their balances since April, making one of the strongest accumulation waves since 2021. According to Alphractal, the group of whales, generally high-net-worth institutions or individuals, has historically displayed the closest correlation with ETH’s long-term price movements. One analyst noted,
“When their supply went up in 2017 and 2021, ETH’s price followed. And 2025 is no different.”
The accumulation pattern suggests that while retail investors remain hesitant, larger, deep-pocketed investors may be positioning themselves for a larger breakout. Making things more interesting, Lookonchain has also flagged a noticeable whale rotation from SOL to ETH. The whale sold 99,979 SOL, worth around $18.5 million, and used the proceeds to purchase 4,532 ETH at $4,084 per coin. However, not everyone is convinced. Analyst Johnny Woo believes the market has a bumpy road ahead, stating,
“Smart money and moon boys don’t want you to see this chart…TOTAL (excluding BTC and ETH) is flashing a sell signal… It’s hard to believe we’ll get an altseason in the next two months. In my opinion, the next bullish phase will happen in Q1 2026.”
ETH started the previous weekend in the red, dropping 1.57% to a low of $3,680 before settling at $3,834. The price recovered over the weekend, rising 1.51% on Saturday and 2.39% on Sunday to settle at $3,985. ETH faced volatility on Monday as buyers and sellers struggled to establish control. Sellers ultimately gained the upper hand as the price registered a marginal decline and settled at $3,981. Selling pressure intensified on Tuesday as ETH fell almost 3% to $3,876. The price fell to an intraday low of $3,709 on Wednesday. However, it rebounded from this level and settled at $3,807, ultimately dropping 1.78%.
Source: TradingView
Despite the overwhelming selling pressure, ETH recovered on Thursday, rising 1.33% and settling at $3,857. The price continued pushing higher on Friday, rising 1.33% and settling at $3,935. Price action remained positive over the weekend as ETH rose 0.45% on Saturday and 5% on Sunday, reclaiming $4,000 and settling at $4,157. ETH is marginally up during the ongoing session, trading around $4,168.
Solana (SOL) Price Analysis
Solana (SOL) reclaimed $200 on Sunday as price action turned bullish after several macroeconomic developments. The altcoin registered a substantial rally on Thursday and kept the momentum going over the weekend, ultimately claiming $200 on Sunday. SOL is marginally up during the ongoing session, trading around $200 after reaching an intraday high of $205.
SOL’s impressive rally is facing some headwinds around $200 despite decisively taking the level on Sunday, and reaching $205 during the ongoing session. SOL’s MACD and RSI suggest strong momentum. However, if sellers can sustain the downturn, price action could turn bearish. SOL must reclaim $200 for its bullish momentum to continue. Analyst BitBull stated,
“What I’m watching next is how Solana holds above $205.42. Sustained closes above this level confirm the rally is real and could open the rally towards $211.78 and $222.27. If buyers manage a weekly close above $222, then the chart’s structure positions the asset for a potential return to the $280 region.”
SOL started the previous weekend in the red, dropping to an intraday low of $174 before settling at $182. The price recovered on Saturday, rising over 3% to $187, and registered a marginal increase on Sunday despite volatility and selling pressure to settle at $188. Buyers retained control on Monday as SOL rose 0.95% to $189. The price reached an intraday high of $197 on Tuesday. However, it lost momentum after reaching this level and dropped by over $2% to $185. Selling pressure persisted on Wednesday as SOL fell over 3% and settled at $180.
Source: TradingView
Despite the overwhelming selling pressure, SOL rallied on Thursday, rising over 6% to reclaim $190 and settle at $191. Buyers retained control on Friday as the price rose 1.16% to $193. Price action remained positive over the weekend as SOL registered a marginal increase on Saturday before rising 3% on Sunday and claiming $200. SOL is marginally down during the ongoing session, trading around $199.
Uniswap (UNI) Price Analysis
Uniswap (UNI) started the previous weekend in bearish territory, dropping over 2% to $6.134. Sellers retained control on Saturday as the price fell nearly 2% and settled at $6.024. Positive sentiment returned on Sunday as UNI rose 3.94% to end the weekend at $6.262. The price continued pushing higher on Monday, rising 1.24% and settling at $6.339. Selling pressure returned on Tuesday as UNI fell 1.32% to $6.255. The price continued dropping on Wednesday, falling 3.47% to $6.038.
Source: TradingView
UNI was back in positive territory on Thursday, rising over 4% and settling at $6.308. However, it lost momentum on Friday and fell 1.08% to $6.240. Price action was positive over the weekend as UNI registered a marginal increase on Saturday before rising nearly 7% on Sunday and settling at $6.663. UNI is marginally up during the ongoing session.
Bittensor (TAO) Price Analysis
Bittensor (TAO) fell to an intraday low of $342 on Friday (October 17). However, it rebounded from this level to settle at $382, ultimately rising 1.11%. Price action remained positive over the weekend as TAO rose nearly 5% on Saturday and almost 10% on Sunday, crossing $400 and settling at $438. The price surged to an intraday high of $478 on Monday. However, it lost momentum after reaching this level and fell by over 3% to $423. Selling pressure intensified on Tuesday as the price of TAO fell nearly 10%, slipping below $400 and settling at $382. Price action remained bearish on Wednesday as TAO registered a marginal decline.
Source: TradingView
Despite the overwhelming selling pressure, TAO recovered on Thursday, rising almost 2% to $387. The price reached an intraday high of $431 on Friday. However, it lost momentum after reaching this level and settled at $352, ultimately dropping 0.515. Price action was positive over the weekend as TAO rose 2.78% on Saturday and 2% on Sunday to reclaim $400 and settle at $404. The price is marginally down during the ongoing session, trading around $401.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.