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[LIVE] Crypto News Today, October 20 – Why Is Crypto Up Today? Market Recovers as Bitcoin Reclaims $110K and Ethereum $4K: Best Crypto to Buy?

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Finally the crypto market is showing signs of a steady recovery as BTC

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Bitcoin

Bitcoin





1.28%








Bitcoin

Bitcoin
BTC


Price

$111,206.65

1.28% /24h





Volume in 24h


$51.87B
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Price 7d

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climbs above $111,000 and ETH

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Ethereum

Ethereum





1.97%








Ethereum

Ethereum
ETH


Price

$4,061.14

1.97% /24h





Volume in 24h


$31.78B
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Price 7d

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rises past $4,000, marking a return of confidence after last week’s pullback. The total market capitalization has moved back toward $3.75 trillion, up more than 3% in the past 24 hours, with traders once again searching for the best crypto to buy amid a cautiously bullish sentiment.

Market Cap





Part of today’s rebound is linked to a mix of macro and technical factors. The delay of the U.S. September CPI report until October 24, caused by the government shutdown, has reinforced expectations of a potential Federal Reserve rate cut later this month. Traders now price in a 78% chance of policy easing at the October 29 meeting, which supports the research for risk assets such as Bitcoin and Ethereum.

Lower rates typically reduce the cost of holding non-yielding assets, giving the markets a natural lift.

Meanwhile, discussions between Ripple, Coinbase, and U.S. lawmakers have brought regulatory clarity back into focus. While no major decisions have been finalized, the renewed dialogue between industry leaders and policymakers reflects a more constructive tone compared to earlier standoffs. Some proposed restrictions on anonymous DeFi protocols remain a concern, but overall sentiment has improved.

EXPLORE: Best New Cryptocurrencies to Invest in 2025

Altcoins Lead the Comeback: From DeSci to Memecoins, What’s the Best Crypto to Buy?

Altcoins are following the rebound, with SOL

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Solana

Solana





0.14%








Solana

Solana
SOL


Price

$193.27

0.14% /24h





Volume in 24h


$5.90B
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Price 7d

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 regaining strength above $190, while DeSci-focused Bio Protocol

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BIO Protocol

BIO Protocol





38.13%








BIO Protocol

BIO Protocol
BIO


Price

$0.1093

38.13% /24h





Volume in 24h


$93.95M
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Price 7d

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is attracting interest once again.

However, Bio Protocol’s BIO token remains under pressure after a 75% drawdown since the launch of $AUBRAI, the platform’s first XP event. Despite weak demand and ongoing FUD, the project’s supporters, including founder Paul Khls, are working on revamping the BIOXP mechanism to favor BIO tokens over DAO or Agent assets.

DISCOVER: Is Keir Starmer Coming For Your Crypto? UK Crypto Tax Raid Targets 65,000 Traders

Meme tokens are also surging, led by

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Useless Coin

Useless Coin





3.97%








Useless Coin

Useless Coin
USELESS


Price

$0.3496

3.97% /24h





Volume in 24h


$49.42M
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Price 7d

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and Ribbita

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Ribbita by Virtuals

Ribbita by Virtuals





12.27%








Ribbita by Virtuals

Ribbita by Virtuals
TIBBIR


Price

$0.3197

12.27% /24h





Volume in 24h


$3.78M
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Price 7d

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: the latter hitting a fresh all-time high with a $323 million market cap.

Today’s market recovery reflects a blend of macro optimism and renewed technical strength. Whether this uptrend can hold will depend on Friday’s CPI data.

There are no live updates available yet. Please check back soon!

The post [LIVE] Crypto News Today, October 20 – Why Is Crypto Up Today? Market Recovers as Bitcoin Reclaims $110K and Ethereum $4K: Best Crypto to Buy? appeared first on 99Bitcoins.





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