Bitcoin reclaimed the $110,000 level on October 20, climbing 2.54% as crypto price indicators continue recovering from the historic October 10 flash crash. The world’s largest cryptocurrency has stabilized after plunging from its all-time high of $126,296 to as low as $104,000—a crash that wiped out nearly $20 billion in leveraged positions, the largest liquidation event in crypto history. Ethereum is trading between $3,920-$4,060 after testing critical support last week, while the broader market added 3% in 24 hours.
Major altcoins face critical catalysts this week. XRP declined 4-5% to around $2.46 as traders await SEC decisions on six spot ETF applications due between October 18-25, with Bloomberg analysts assigning 95% approval odds. Solana trades at $188 with a payment card announcement expected today and its own ETF decisions imminent. Both tokens have seen massive institutional interest, with Solana attracting $2 billion in treasury investments this month alone.
Bitcoin ETFs continue drawing institutional capital, with BlackRock’s IBIT approaching $100 billion in assets. Ethereum’s November Fusaka upgrade promises major scaling improvements, while regulatory clarity on altcoin ETFs could unlock billions in new institutional inflows.
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