Crypto wrap: BTC steadies near $110K while ETH, XRP, SOL extend declines
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Cryptocurrencies are looking to bounce off intraday lows after a notable sell-off post Federal Reserve interest rate cut pushed Bitcoin to lows below $110,000.
Major altcoins, including Ethereum (ETH), Ripple (XRP), Solana (SOL) and BNB (BNB), slipped under pressure as traders reacted to the Federal Reserve’s 25-basis-point rate cut — a move that analysts described as a classic “buy the rumour, sell the news” moment.
The broader crypto market cap fell 2% to $3.73 trillion, with the Crypto Fear & Greed Index at 34, signalling fear.
Zcash, Aerodrome Finance, Hedera, and Official Trump tokens were among the few gainers, while Ethena, Double Zero and Story led losses over the past 24 hours.
BTC revisits $108,000, struggles near $110k
Bitcoin price rose to highs near $116,000 on October 28, 2025, as the market anticipated the Fed’s decision.
However, post rate-cut and with Fed chair Jerome Powell indicating another cut in December is “not a foregone conclusion”, BTC fell to retest lows of $108,057.
The flagship crypto asset is back above $110,000, but has struggled to sustain gains.
This comes as stocks also show muted action. On Oct. 29, amid uncertainty post-Fed’s announcement, equities pared early gains to see selling pressure cascade across risk assets.
Crypto analyst Axel Adler shared the take below.
ETH, XRP, BNB, and SOL fall below key levels
As BTC finds upside momentum tricky amid prevailing market conditions, the downward pressure is also impacting top altcoins.
Ethereum (ETH), Ripple (XRP), BNB (BNB), and Solana (SOL) have pared some of the gains seen prior to the Fed’s meeting and rate cut.
Despite the bulls’ efforts, ETH has slipped below $3,900, marking a nearly 3% decline in the past 24 hours.
Meanwhile, XRP has dropped under $2.60, and BNB, a relative outperformer in recent months, shows resilience but is below $1,125 as of writing.
Elsewhere, the debut of spot Solana ETFs has yet to impact the SOL price. The token traded below $195 on Thursday.
Crypto analyst Lark Davis has pointed, via X, to the broader dump across cryptocurrencies.
Top gainers and losers today
Despite the overall bearish tone, some cryptocurrencies bucked the trend.
According to CoinMarketCap data, top gainers included Zcash (ZEC), which surged over 10% on privacy-focused updates.
There were also significant gains for Aerodrome Finance (AERO), up 8% amid DeFi liquidity boosts; the Official Trump token, gaining 7% on meme-driven hype; and Hedera (HBAR), rising 6% due to enterprise adoption and ETF news.
On the flip side, losers in the top 100 by market cap include Ethena (ENA), plummeting 7% to $0.42; Double Zero (2Z), down 7% to $0.20; and Story Protocol (IP), which had shed 6%.
The post Crypto wrap: BTC steadies near $110K while ETH, XRP, SOL extend declines appeared first on Invezz
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