The global cryptocurrency market extended its decline on October 29, 2025, as renewed selling pressure weighed on Bitcoin, Ethereum, and major altcoins. Despite weakness across most sectors, select tokens in the SocialFi and meme segments managed to buck the trend.
According to the latest live crypto news updates, Bitcoin (BTC) fell 1.69%, trading near $112,000, while Ethereum (ETH) declined 3.71%, slipping below the $4,000 level.
The weakness spread across multiple categories:
However, the SocialFi sector showed mild strength, gaining 0.4%, largely driven by Toncoin (TON), which rose 1.39%. In the meme coin space, MemeCore (M) and OFFICIAL TRUMP (TRUMP) outperformed the market, surging 4.6% and 5.84%, respectively.
On-chain data revealed an increase in bearish sentiment. A prominent Ethereum whale, who reportedly earned more than $8.3 million during the October 11 market dip, has opened new short positions on ETH, indicating expectations of further downside pressure.
In one of the most notable Oct 29 crypto news developments, an early Ethereum ICO wallet (0x3690) reactivated after nearly eight years of inactivity. The wallet transferred 1,500 ETH (valued at around $6 million) to the cryptocurrency exchange Kraken.
The address originally received 20,000 ETH during Ethereum’s 2015 genesis sale for about $6,200. At current prices, that holding would be worth nearly $80 million, representing a staggering 12,971x gain.
New data from Glassnode shows that Bitcoin’s recovery from $107,000 coincides with renewed ETF inflows in U.S. markets. However, daily inflows remain below 1,000 BTC, significantly lower than the 2,500 BTC inflows seen during past rally phases. Many analysts note that while investor demand is gradually returning, it lacks the intensity that drove previous bull runs.
BitMine Immersion Technologies, led by Fundstrat co-founder Tom Lee, has reportedly purchased 27,316 ETH, worth approximately $113 million, according to data from Lookonchain.
This latest purchase increases BitMine’s Ethereum reserves to more than 3.3 million ETH, an amount estimated to be worth around $13 billion at current market rates. With this, the company strengthens its position as one of the largest corporate holders of Ethereum, trailing only behind MicroStrategy’s Bitcoin treasury in total crypto value.
The newly launched Bitwise Solana Staking ETF (BSOL) attracted strong demand on its first trading day, bringing in $69.45 million in net inflows.
With this, the fund’s total assets reached $289 million, representing about 0.27% of Solana’s market capitalization, according to FarsideInvestors. In comparison, the newly launched Canary HBAR and Canary Litecoin ETFs opened quietly, showing no trading activity or capital movement on their first day.
The broader cryptocurrency market remains under pressure as traders respond to macroeconomic factors and shifting on-chain sentiment. While institutional inflows into ETFs point to long-term accumulation, short-term volatility is likely to persist as whales reposition and traders adjust to new price levels.
For continuous coverage and live crypto news updates, stay tuned as more developments unfold throughout October 29, 2025.
