Crypto Market Update Oct 27: Zcash Soars 31%, PayAI Lead With 78%

Crypto Market Update: US-China Trade, Fed Rate Cut, Ripple Prime News

Overall Crypto Market Update:

• The global cryptocurrency market cap stands at $3.97 trillion, marking a 3.2% increase in the last 24 hours.

• Daily trading volume reached $126 billion.

• Bitcoin remains the leader with a 57.6% dominance, while Ethereum holds a 12.7% share.

• A total of 19,344 cryptocurrencies are currently being tracked.

Major Crypto Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin (BTC) and Ethereum (ETH) Price:

• Bitcoin is currently priced at $ 114,841, surging 2.7% in the past 24 hours. With $44 billion in trading volume and a $2.2 trillion market cap

• Ethereum trades at $4,171.06, having surged 5.5% in the last 24 hours, with a market cap of $503 billion and $26 billion in trading volume.

Top 5 Trending Coins:

• Ergo (ERG) at $0.7402, up 8.7% with trading volume $240K. 

• Zcash (ZEC) at $359.44, soars 31% with TV $1.5B

• Virtuals Protocol (VIRTUAL) at $1.53, rises 18.9% with TV $579M.

• Bitcoin (BTC) at $114887, increased by 2.8% with TV $44B.

• Akash Network (AKT) at $0.8433, surged 25.5% with TV $52M.

Top 5 Gainers:

• PAYAI (PayAI Network) is trading at $0.04734, up 78.7% with a TV of $17M.

• DIA (DIA) is priced at $0.6413, rising 59.8% on a TV of $50M.

• OMNI (Omni Network [Old]) stands at $3.00, up 56.0% with $2M in TV.

• EVAA (EVAA Protocol) is $13.10, gaining 45.8% on a volume of $59M.

• LAUNCHCOIN (Launch Coin on Believe) trades at $0.08456, up 38.3% with $3M volume.

Top 5 Losers:

• COAI (ChainOpera AI) is trading at $5.75, up 26.7% with a trading volume of $168M.

• PING (Ping PING) is priced at $0.04324, gaining 25.3% on a trading volume of $38M

• BLESS (Bless) trades at $0.04186, up 24.0% with $27M in trading volume.

• GIGGLE (Giggle Fund) is at $183.83, rising 21.8% on a volume of $171M.

• CREPE (CREPE) stands at $0.00005369, up 16.6% with a trading volume of $1.3B.

Stablecoins and Defi Update:

• Stablecoins hold a market cap of $312 billion with $100 billion in trading volume, representing a 0.1% change.  

• The DeFi market cap stands at $151 billion, up 5.8% in the last 24 hours, with a trading volume of $6.75 billion. DeFi dominance remains at 3.8%.

Fear and Greed Index Today

Source: Alternative Me

The Fear & Greed Index measures overall sentiment in the crypto space, showing whether investors feel fearful or greedy. Currently, the index is at 51, indicating a neutral mood. After several weeks of fear, traders are now more balanced, suggesting cautious optimism but no strong bullish or bearish trend.

Latest Market News Today

Earn Pump Tokens Now:  Meme trading terminal Padre has completed a snapshot. Eligible users can claim PUMP tokens by submitting their Solana wallet address before December 30, 2025. Tokens will be distributed within 24 hours. Previously, Pump Fun acquired Padre.

Fed Rate Cut News:  This week promises major market action as the Fed announces its interest rate decision and Chair Powell holds a key press conference on Wednesday. Big Tech giants—Microsoft, Alphabet, Meta, Apple, and Amazon—report earnings totaling $15.2 trillion in market cap, while President Trump meets China’s President Xi ahead of new tariffs, keeping global investors on edge.

U.S.-China Trade Deal:  The U.S. and China are signaling that a major trade deal is imminent after “candid and constructive” talks. Both sides have reached a consensus on key issues, including tariff suspensions, export controls, and trade expansion. President Trump is expected to finalize the agreement during his upcoming Asia tour.

S&P Market:  The S&P 500 has gained over $3 trillion since its October 10 low, following President Trump’s 100% China tariff announcement. Nasdaq 100 futures surged nearly 1% amid US-China trade deal optimism, bringing the S&P 500 just 2.3% from 7,000.

Trump Pardon Binance CZ:  Donald Trump’s recent pardon of Binance CZ clears the path for a potential merger of Binance US with the global platform. Sources suggest Binance may either integrate its U.S. arm or re-enter the U.S. market directly. Binance currently handles about half of global Bitcoin trades, while Binance US holds under 1%, compared to Coinbase’s dominance in the American market.

Ripple Prime:  Ripple (XRP) has unveiled ‘Ripple Prime’ following its $1.25 billion acquisition of Hidden Road on October 24, 2025, creating the first crypto-owned global multi-asset prime brokerage. 

Chainlink Expands Adoption:  This week, recording 17 new integrations across 6 services and 11 chains, including Ethereum, Solana, and BNB Chain. New adopters include Lido Finance, TreehouseFi, SP Global Ratings, MegaETH Labs, and BalconyTech, further strengthening Chainlink’s multi-chain ecosystem presence.

Western Union Stablecoin Launch Plan:  During Q3 earnings, Western Union plans to launch a stablecoin settlement pilot aimed at reducing dependence on traditional correspondent banks. The company currently handles around 70M money transfers each quarter across over 200 countries.

Bitcoin BIP-444 Proposal:  This seeks a one-year soft fork to limit OP_RETURN and embedded data after Bitcoin Core v30 removes data restrictions. Supporters cite legal and spam concerns, while critics argue over the permissionless nature.

CoinGabbar’s Opinion

Given today’s 24-hour cryptocurrency surge, a neutral Fear & Greed Index at 51, and strong news like Ripple’s expansion and Chainlink integrations, cautious investing in established coins like Bitcoin and Ethereum looks reasonable. High-risk altcoins offer growth but stay volatile. Use small, diversified allocations and secure wallets. Avoid rushing—invest gradually, not all at once.

Disclaimer: This is not financial advice. Please DYOR, understand the risks, and consult financial professionals before investing. CoinGabbar is not responsible for any financial losses. Crypto and NFTs are highly volatile—invest wisely.