Crypto News Today, October 28: Crypto Is Back! Solana ETF Hours Away as Bitcoin and Ethereum Price Slip
Today, the crypto market feels a déjà vu as the markets are getting some excitement again with so much bullish news. However, not every coin is smiling as Solana ETF launch is stealing the news spotlight. All while Bitcoin and Ethereum price look slightly shaky after an energetic week.
This early Monday data puts Bitcoin price near $113,800, down 1.5% on the day. Ethereum follows with a 3.5% drop in price to $4,080. Solana, although experiencing the same drop, is taking all the attention. The upcoming Solana ETF from Bitwise is everywhere in most major crypto news today.
With the current crypto drop, the total crypto market cap is now creeping just below $4 trillion, a good figure despite the current drop.
(source – )
According to DeFiLlama, total value locked in DeFi dropped just under 1% today, but rose this week, proof that money is quietly flowing back into riskier plays like crypto. Crypto news today gives the sense that investors are finally shaking off the summer slump.
DISCOVER:
Solana ETF News to Push The Crypto Market Forward, Starting Today
The Solana ETF (trading under the ticker BSOL) is set to go live on the NYSE, offering investors full spot exposure plus roughly 7% staking rewards. This is a big deal as staking locks up more tokens, Solana price gains a natural boost.
BREAKING: Arca has certified the listing and registration of the Solana Staking ETF
— Solana (@solana)
Right now, data shows more than $11 billion locked across Solana’s DeFi ecosystem, a good figure considering the last cycle’s FTX crash. Analysts are eyeing the $205 resistance zone as the next big test for Solana price once the ETF goes live. Grayscale’s plan to convert its Solana fund tomorrow only adds to the excitement.
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DISCOVER:
Bitcoin and Ethereum Price Slowing Down, For Now
Meanwhile, the Bitcoin price is hanging around under the $114,000 mark. Stable and uninspiring, especially with more than $400 million in new inflows last week.
Ethereum isn’t faring much better, seeing steady outflows, but the price is still staying under $4,500. However, even with those numbers, both networks are showing healthy onchain activity.
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Whales are still adding positions, with about 2.4 million BTC are now in reserves. Solana price is yet to outperform, even with the Solana ETF momentum.
Gold cools down for the rest of the year
Bitcoin goes up for the rest of the year
capital rotation
goldilocks period for risk assets
believe in something
— RookieXBT (@RookieXBT)
Going into the mid-week, analysts expect the Bitcoin price and Ethereum price to consolidate, while Solana could add to its gains. Crypto news today ends on a hopeful note with the altcoin comeback that might be real this time.
DISCOVER:
HBAR and ZEC Pumping, COAI Crypto Dumping: What’s Next?
By Akiyama Felix
It has been one of those crazy days in crypto again. HBAR crypto suddenly popped over 17%, jumping past twenty cents after a strong week. At the same time, ZEC crypto managed another solid move upward, dropping 6% today, but managing to record a 30% gain in the last 7days as privacy coins started getting attention again. And then, COAI crypto dropped more than 30% after a crazy 100X run.
Today’s question is: can HBAR and ZEC keep the fire going, or will COAI bounce back as the AI crypto sector gains momentum?
"AI Crypto Season is about to go parabolic"
My brother in Christ I have a message for you
— Clemente (@Chilearmy123)
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Trump Heads to Japan, as Justin Sun and Pavel Durov Hit Dubai: Best Crypto to Buy Now Before FOMC?
By Akiyama Felix
With markets heating up ahead of the next FOMC meeting, investors are searching for the best crypto to buy now as world leaders and tech moguls realign their strategies on a global stage. U.S. President Donald Trump’s visit to Japan (and simultaneous appearances by Justin Sun and Pavel Durov in Dubai) have set the stage for a pivotal week in both geopolitics and crypto.
Could this convergence of diplomacy and digital finance signal the next leg of the bull run? And which projects are set to benefit before the next rate decision shakes markets again?
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Read the full story .
What is Althea Crypto? ALTHEA Price Skyrockets +1000% – Is Althea The Answer to Starlink Monopoly?
By Akiyama Felix
Althea crypto is rapidly gaining attention in the DeFi and telecom spaces, as its native token is seeing significant upside amid the renewed interest of altcoin season and FOMO-driven narratives.
With the ALTHEA price reportedly climbing by over 190% in the past seven days, the project is positioning itself as a decentralized alternative to traditional internet infrastructure, challenging the dominance of players such as Starlink. But what exactly underpins this surge, and can Althea truly disrupt conventional telecom models?
(@RookieXBT) 
