Bitcoin is rising: the cryptocurrency market is seeing a surge
Date: 2025-10-20 Author: Henry Casey Categories: CRYPTO PAYMENTS
On Monday, October 20, 2025, the Bitcoin (BTC) price rose to $111,000, compared to around $106,000 on Sunday morning. As of 11:00 AM Moscow time, BTC is trading around $110,400, representing a 4.2% increase over the past 24 hours. Ethereum (ETH) has increased by almost 5% over the same period, once again holding above $4,000.
The total crypto market capitalization reached $3.78 trillion, up 4.2% in 24 hours. Most of the top 100 altcoins, according to CoinMarketCap, have shown positive dynamics. The exceptions were Myx Finance (MYX) and Nexo (NEXO), which fell by 7% and 1%, respectively. The Synthetix token (SNX) showed the most significant growth, up 20%, while the SPX6900 memecoin (SPX) rose 18%.
According to Coinglass, more than 122,000 positions worth $523 million were liquidated on crypto exchanges. Of these, more than $340 million were short positions, indicating the liquidation of bets on a price decline. Exchanges automatically liquidate leveraged positions if losses reach the collateral limit.
Despite the daily gains, leading cryptocurrencies have yet to fully recover from last week. Over the past seven days, Bitcoin has fallen 3.5%, while Ethereum has fallen 2.7%. Bitcoin ETF trading in the US resulted in a net outflow of $1.23 billion, while Ethereum ETFs saw a net outflow of $311.8 million, according to SoSoValue.
The crypto market's Fear and Greed Index (FGR) is currently at 29 out of 100, in the "fear" zone. This indicates investor caution and a tendency to sell. Last week, the FGR twice dipped into the "extreme fear" zone, which contributed to panic selling, but market participants' concerns have eased slightly by the beginning of this week.
