Bitcoin’s price ascent from Sunday and Monday was stopped at $116,000, and the asset slid below $114,000 on its way toward a CME gap formed during the weekend. 🤡💸 (Because nothing says “I’m a financial genius” like a crypto that can’t stop tripping over its own feet.)
Several altcoins have produced impressive gains over the past 24 hours, including FIGR_HELOC, HBAR, TRUMP, TAO, and PUMP. 🚀 (Because who needs a stable economy when you can have a 40% surge in a meme coin?)
BTC Slips From Local Peak
The primary cryptocurrency went on the offensive at the beginning of the previous business week as well, surging from $108,000 to $114,000 only to be stopped and drive south hard, sliding to a multi-day low of just over $106,000. The bulls stepped up after this massive correction and drove BTC up to $111,000 by the end of the week when the US CPI numbers came out. 📉 (Because nothing says “economic optimism” like a 10% drop after a CPI report.)
At first, bitcoin jumped to $112,000 after the fears of growing inflation eased, but then it suddenly dropped below $110,000. Still, it recovered some ground during the weekend and initiated another leg up on Sunday after US Secretary Bessent said Washington is close to striking a trade deal with Beijing. 🤝 (Because a trade deal with China is the financial equivalent of a fairy tale.)
BTC broke past $112,000 and $113,000 on Sunday. It climbed further on Monday, surging past $116,000 for the first time since the October 10 crash. However, it was stopped there and pushed south to $113,500 earlier today, which is the upper boundary of the CME gap that formed during the weekend. 🧠 (Because the CME gap is now the crypto world’s version of a “trap door.”)
#BTC – NEW CME GAP ( $112,400 – $113,500):
– EGRAG CRYPTO (@egragcrypto) October 27, 2025
Alts With Big Gains
Most larger-cap altcoins are slightly in the red on a daily scale after yesterday’s gains. ETH, BNB, DOGE, SOL, ADA, TRX, LINK, and BCH are with minor losses, while XRP, HYPE, and XLM have marked insignificant increases. 🤷♀️ (Because “insignificant” is the new “glorious.”)
In contrast, HBAR has skyrocketed by 14% daily after positive news on the US EFT front. TAO is the other double-digit gainer from the larger-cap alts, while ZEC has plunged by 8% daily. 🌪️ (Because nothing says “I’m a crypto” like a 8% drop in the middle of a party.)
More impressive increases come from the likes of FIGR_HELOC, which has rocketed by almost 40%, TRUMP, which has soared by 12%, and PUMP, which is up by 10%. 🎉 (Because who needs a stable economy when you can have a 40% surge in a coin named after a reality TV star?)
The total crypto market cap has lost around $50 billion since yesterday’s peak and is down to $3.950 trillion on CG. 💸 (Because nothing says “financial resilience” like a $50 billion drop.)
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2025-10-28 15:01