Why Is The Crypto Market Up Today?

The total crypto market cap (TOTAL) shot up by $118 billion, with Bitcoin (BTC) crossing the $110,000 resistance as well. Aster (ASTER) emerged as the best-performing altcoin today, rising by 11% in the last 24 hours.

In the news today:-

• Revolut and Blockchain.com secured MiCA licenses, allowing them to provide crypto services across 30 European Economic Area countries. Revolut was approved in Cyprus and Blockchain.com in Malta, marking a major step in expanding regulated crypto operations under the EU’s unified framework.
• US President Donald Trump pardoned Binance founder Changpeng Zhao on October 23, 2025, overturning his 2023 conviction for anti-money laundering violations. The move boosted crypto market sentiment, with Bitcoin, Ethereum, and XRP prices rising following the announcement.

The Crypto Market Spikes

The total crypto market cap surged by $118 billion, reaching $3.70 trillion while sitting just below the $3.73 trillion resistance level. This strong upward movement highlights renewed investor optimism. If momentum continues, TOTAL could breach this crucial barrier, signaling a potential continuation of the broader crypto market’s bullish trend.

A successful breakout above $3.73 trillion could pave the way for a climb toward $3.81 trillion in the coming days. However, sustaining this momentum will largely depend on investor behavior and trading volume. Strong buying pressure would confirm bullish sentiment, encouraging further inflows and supporting continued market-wide growth.

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Total Crypto Market Cap Analysis. Source: TradingView

If investor sentiment shifts toward caution or profit-taking, the market could turn bearish. In that scenario, TOTAL may fall below $3.67 trillion, breaking short-term support. Such a move could accelerate selling pressure, pushing the total crypto market cap further down toward $3.56 trillion as traders seek stability.

Bitcoin Could Establish Support

Bitcoin is trading at $111,141 at the time of writing, maintaining support above the crucial $110,000 level. The crypto king is attempting a recovery after recent volatility, and sustained momentum will be key to confirming this rebound in the near term.

For Bitcoin’s recovery to strengthen, the price must breach $112,500 and aim for $115,000. Clearing these resistance levels would confirm a shift toward bullish momentum, attracting renewed investor interest.

Bitcoin Price Analysis. Source: TradingView

However, if bullish momentum weakens, Bitcoin could lose its $110,000 support. A breakdown below this level may trigger further selling pressure, pushing the price down to $108,000 or lower. Such a move would invalidate the bullish outlook.

Aster Jumps On The Daily Chart

Aster (ASTER) is trading at $1.12 at the time of writing, posting an impressive 11% gain over the past 24 hours. The altcoin’s momentum indicates renewed investor confidence as it eyes the $1.17 resistance level.

Crossing the $1.17 barrier is essential for Aster to recover recent losses and reinforce bullish sentiment. A successful breakout would likely attract additional inflows, pushing the token toward the next resistance at $1.25.

ASTER Price Analysis. Source: TradingView

However, if selling pressure increases, Aster’s price could retreat toward $1.00 to establish fresh support. A failure to hold this line may trigger a deeper correction, sending the token down to $0.95. Such a decline would invalidate the bullish outlook and signal renewed market caution.