October 29, 2025 | 19:39
October 29, 2025 | 14:13
Bitcoin’s price fell below $62k, causing altcoins like Render, Akash Network, and The Graph to surge. Positive news and developments, such as a bullish report from Franklin Templeton on Friend.tech and the listing of Notcoin on major exchanges, have driven the upward momentum of these altcoins. Additionally, Akash Network’s quarterly revenue report and surging interest in DePIN contributed to its significant 25% increase.
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Toncoin (TON) is a cryptocurrency that was initially developed by Telegram but later abandoned and repurposed for the TON blockchain.
Bitcoin Price Drops Below $61K, Toncoin Surges 7% to $6
Bitcoin’s price dropped below $61,000, hitting a 6-day low after failing to sustain its climb past $65,000. While some altcoins like TON and RNDR saw gains, the overall crypto market cap declined by $20 billion to below $2.4 trillion, with Bitcoin’s dominance over alts dropping to 50.5%.
read moreCryptocurrency Market Update: Bitcoin, Ethereum, Dogecoin Slip as Analyst Forecasts 300% Upside
Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin experienced a decline, with Bitcoin dropping below $62,000 and Dogecoin witnessing a steeper fall. Despite this, the number of traders taking bullish long positions on Bitcoin spiked, indicating a potential surge in buying pressure. The global cryptocurrency market cap stands at $2.27 trillion, declining by 1.34% in 24 hours, while the U.S. equity market showed mixed performance, with the Dow rising and the S&P 500 and Nasdaq Composite slipping. Analysts noted that the correlation between cryptocurrencies and traditional markets was minimal, suggesting that both asset classes were moving independently.
read moreTop Altcoins Surge as Bitcoin Reaches 12-Day High Amid Market Recovery
Bitcoin has surged to a 12-day high of almost $65,500, nearing a $1.3 trillion market cap and maintaining dominance over altcoins. Altcoins like TON, SOL, and AVAX have seen impressive gains, with the total crypto market cap reaching $2.550 trillion. Ethereum has exceeded $3,200, while BNB has tapped $600, and other altcoins like XRP, DOGE, ADA, SHIB, and BCH are also in the green.
read moreTop Cryptocurrencies to Watch as Altcoin Season Approaches in May
In May, the cryptocurrency market is seeing a surge in potential investment opportunities, particularly in altcoins. Solana, Dogecoin, Toncoin, Pepe, Panda, and Shiba Inu Coin have all experienced impressive gains, making them attractive options for investors seeking substantial returns during the altcoin season. These digital assets are gaining traction due to their recent market performance and are being closely watched by investors for promising opportunities.
read morePantera Capital Invests in TON Altcoin Linked to Telegram Messaging
Pantera Capital has invested in TON, a layer-1 altcoin associated with Telegram, leading to a modest price rally. The decision was driven by TON’s potential to reach a wide audience through Telegram’s extensive user base. TON’s price increased by over 8.5% following the announcement.
read moreDogecoin’s Impressive Growth and Bullish Future in Cryptocurrency Market
Dogecoin has shown significant growth, outperforming XRP and ADA in wallet numbers and market movement. Analysts anticipate a bullish future for DOGE, citing historical patterns and technical indicators as signs of a potential major price rally. Meanwhile, Bitcoin and Ethereum continue to dominate the crypto space with substantial increases in their wallet numbers.
read moreIncreased Whale Activity and Altcoin Performance in Cryptocurrency Market
Whale activity in the cryptocurrency market has surged, with Dogecoin outperforming XRP and ADA. While Bitcoin and Ethereum have seen modest increases, Dogecoin is predicted to undergo a bull run after breaking out of a descending triangle pattern, similar to its previous surges in 2017 and 2021. Toncoin has also experienced significant growth, surpassing Bitcoin in wallet expansion.
read moreCrypto Market Analysis: Bitcoin ETF Outflows, Price Fluctuations, and Growth Potential
The crypto market capitalization rose to $2.22 trillion, with Ethereum and Solana showing positive signals despite Bitcoin’s downtrend. Analysts expect further price declines, with outflows from spot Bitcoin ETFs reaching a record high. Financial institutions are anticipated to enter the ETF market, while Bitcoin options traders are preparing for a summer lull in the market. Toncoin is gaining momentum following an investment from Pantera Capital and integration with various platforms.
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