Crypto prices today (Oct. 27): BTC, ETH, XRP, BNB regain strength as market bounces 3.5%
Crypto prices today are on the green, rising for a second straight session as traders welcomed signs of easing U.S.–China trade tensions and growing expectations of a Fed rate cut.
- Global crypto market up 3.5% to $3.98T as sentiment improves.
- BTC at $115K, ETH at $4.2K; liquidations surged 321% as shorts were squeezed.
- Rebound driven by easing trade tensions and growing Fed rate cut expectations.
The total market value of all cryptocurrencies climbed 3.5% in the past 24 hours to $3.98 trillion. At the time of writing, Bitcoin traded at $115,102, up 3.4% on the day, while Ethereum gained 6.8% to $4,199.
BNB advanced 2.4% to $1,143, and XRP rose 1.4% to $2.64. The rebound follows several days of consolidation after early October’s steep selloff, when risk assets fell on renewed trade fears and liquidation pressure.
The Crypto Fear & Greed Index stood at 51, marking a shift from “fear” to “neutral.” That suggests investors are growing more comfortable taking risk, though caution remains visible across derivatives markets.
Short squeeze and fresh inflows boost market momentum
According to CoinGlass data, liquidations surged sharply, rising 321% to $431 million over the past 24 hours, as short sellers were caught off guard by the recovery. Open interest across crypto futures climbed 7.03% to $167 billion, indicating that traders are reopening positions and returning to the market after weeks of defensive positioning.
Average relative strength readings also improved, with the market’s RSI at 64, suggesting that momentum is leaning positive but not yet overextended. The Altcoin Season Index, which tracks relative performance between Bitcoin and alternative tokens, stayed neutral at 43, implying a balanced rotation rather than a full shift into altcoins.
Analysts say the sharp move likely reflects short-term positioning unwinds rather than a fundamental breakout, but stronger technical setups in Bitcoin and Ethereum have started to attract fresh spot demand.
Cooling U.S.-China trade tensions lift investor sentiment
Optimism returned after weekend reports suggested that Washington and Beijing had reached a preliminary agreement to ease trade restrictions. U.S. Treasury Secretary Scott Bessent said the government was “no longer considering” 100% tariffs on Chinese imports, remarks that helped calm global markets.
The development fueled risk-on momentum worldwide. Japan’s Nikkei 225 crossed 50,000 for the first time, Korea’s KOSPI topped 4,000, and U.S. stock futures climbed between 0.3% and 0.9%. Crypto assets, which often mirror equity sentiment, rallied alongside.
Adding to the optimism are growing expectations of a Federal Reserve rate cut at its upcoming meeting on October 29. Futures markets now price in an 85% chance of a 25-basis-point cut, with a high probability of another in December.
Softer inflation data in recent weeks has strengthened the case for easier policy, which tends to benefit digital assets by lowering funding costs and boosting liquidity. A dovish tone from the Fed could extend the rally toward $120,000 for Bitcoin, while any hawkish surprises or disappointing data could lead to a retest of the $110,000 zone.
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BNB Price Drops 2% as the Dex Volume Tumbles Cautioning Further Downside
Highlights: The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand. The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones. The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand. On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks. BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity. On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1. BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand. The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones. BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark. Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.