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[LIVE] Crypto News Today, October 20 – Why Is Crypto Up Today? Market Recovers as Bitcoin Reclaims $110K and Ethereum $4K: Best Crypto to Buy?

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Finally the crypto market is showing signs of a steady recovery as BTC Bitcoin Bitcoin 1.28% Bitcoin Bitcoin BTC Price $111,206.65 1.28% /24h Volume in 24h $51.87B Price 7d Learn more climbs above $111,000 and ETH Ethereum Ethereum 1.97% Ethereum Ethereum ETH Price $4,061.14 1.97% /24h Volume in 24h $31.78B Price 7d Learn more rises past $4,000, marking a return of confidence after last week’s pullback. The total market capitalization has moved back toward $3.75 trillion, up more than 3% in the past 24 hours, with traders once again searching for the best crypto to buy amid a cautiously bullish sentiment.

Market Cap

Part of today’s rebound is linked to a mix of macro and technical factors. The delay of the U.S. September CPI report until October 24, caused by the government shutdown, has reinforced expectations of a potential Federal Reserve rate cut later this month. Traders now price in a 78% chance of policy easing at the October 29 meeting, which supports the research for risk assets such as Bitcoin and Ethereum.

Lower rates typically reduce the cost of holding non-yielding assets, giving the markets a natural lift.

Meanwhile, discussions between Ripple, Coinbase, and U.S. lawmakers have brought regulatory clarity back into focus. While no major decisions have been finalized, the renewed dialogue between industry leaders and policymakers reflects a more constructive tone compared to earlier standoffs. Some proposed restrictions on anonymous DeFi protocols remain a concern, but overall sentiment has improved.

EXPLORE: Best New Cryptocurrencies to Invest in 2025

Altcoins Lead the Comeback: From DeSci to Memecoins, What’s the Best Crypto to Buy?

Altcoins are following the rebound, with SOL Solana Solana 0.14% Solana Solana SOL Price $193.27 0.14% /24h Volume in 24h $5.90B Price 7d Learn more  regaining strength above $190, while DeSci-focused Bio Protocol BIO Protocol BIO Protocol 48.68% BIO Protocol BIO Protocol BIO Price $0.1165 48.68% /24h Volume in 24h $124.01M Price 7d Learn more is attracting interest once again.

However, Bio Protocol’s BIO token remains under pressure after a 75% drawdown since the launch of $AUBRAI, the platform’s first XP event. Despite weak demand and ongoing FUD, the project’s supporters, including founder Paul Khls, are working on revamping the BIOXP mechanism to favor BIO tokens over DAO or Agent assets.

DISCOVER: Is Keir Starmer Coming For Your Crypto? UK Crypto Tax Raid Targets 65,000 Traders

Meme tokens are also surging, led by Useless Coin Useless Coin 3.97% Useless Coin Useless Coin USELESS Price $0.3496 3.97% /24h Volume in 24h $49.42M Price 7d Learn more and Ribbita Ribbita by Virtuals Ribbita by Virtuals 12.27% Ribbita by Virtuals Ribbita by Virtuals TIBBIR Price $0.3197 12.27% /24h Volume in 24h $3.78M Price 7d Learn more : the latter hitting a fresh all-time high with a $323 million market cap.

Today’s market recovery reflects a blend of macro optimism and renewed technical strength. Whether this uptrend can hold will depend on Friday’s CPI data.

There are no live updates available yet. Please check back soon!

The post [LIVE] Crypto News Today, October 20 – Why Is Crypto Up Today? Market Recovers as Bitcoin Reclaims $110K and Ethereum $4K: Best Crypto to Buy? appeared first on 99Bitcoins.

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