Crypto Market Update Oct 30: Zcash Rises, AI Tokens Fall Sharply

Crypto Market Update Today: Market Drops 1.2% After Fed Rate Cut News

Overall Crypto Market Update:

• The global cryptocurrency market cap stands at $3.83 trillion, marking a 1.2% decrease in the last 24 hours.

• Daily trading volume reached $171B

• Bitcoin remains the leader with a 57.5% dominance, while Ethereum holds a 12.4% share.

• A total of 19,382 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 $110525, down by 1.6%  in the past 24 hours. With $63 billion in trading volume and a $2.2 trillion market cap, BTC continues to dominate cryptocurrency globally.

• Ethereum trades at $3919.37, dips 1.5% in the last 24 hours, with a $472 billion market cap and $33.7 billion in trading volume.

Top 5 Trending Coins:

• Arcblock (ABT) at $0.607, down 4.9% with trading volume $467K. 

• Akash Network (AKT) at $0.784, dips 0.9% with TV $10.5 million 

• Zcash (ZEC) at $356.84, rises 11.9% with TV $810 million.

• Plasma (XPL) at $0.3314 fell 9.8% with TV $226 million.

• Aster (ASTER) at $1.02  drops 6.5% with TV $505 million

Top 3 Gainers:

• Sapien (SAPIEN) surged 44.5% to $0.1845, reaching a TV of $57.32M.

• OpenLoot (OL) jumped 43.9% to $0.04158, with a strong TV of $82.72M.

• Jelly-My-Jelly (JELLYJELLY) rose 38.3% to $0.1141, supported by a TVTVf $25.15M.

Top 3 Losers:

• AI Companions (AIC) dropped 34.3%, trading at $0.2557 with a TC of $3.1M, making it today’s biggest loser.

• Ape and Pepe (APEPE) fell 26.5% to $0.0518, with a TV of $30.9M.

• ChainOpera AI (COAI) declined 23.1%, currently priced at $3.11, and recorded a $94.1M TV.

Stablecoins and Defi Update:

• Stablecoins hold a market cap of $311 billion with $129 billion in trading volume, representing no change.  

• The DeFi market cap stands at $143 billion, down 0.4% in the last 24 hours, with a trading volume of $8 billion. DeFi dominance remains at 3.7%.

Fear and Greed Index Today

Source: Alternative Me

The Bitcoin Fear and Greed Index currently shows “Fear” with a score of 34, meaning investors are feeling cautious and uncertain. Yesterday, the market was neutral at 51, showing balanced emotions. A week ago, fear was stronger at 27, while a month ago it was neutral at 50. 

This shift from neutral to fear suggests that market confidence has recently dropped, likely due to price declines or negative news, making traders more hesitant to invest or take risks.

Latest Market News Today

1. Fidelity filed Solana ETF: Fidelity has updated its S-1 filing for a spot Solana ETF, removing the “delaying amendment.” This change means the registration can now become automatically effective without waiting for SEC approval, speeding up the process.

2. Canton Coin Investment News:  Canton Network’s backers are planning to raise about $500 million to create a listed company that will invest in Canton Coin, act as a supervalidator, and build network apps. DRW Holdings and Liberty City Ventures will lead the funding.

3. Trump Memecoin:  Fight Fight Fight LLC, the company behind the Trump memecoin, is reportedly in talks to buy the U.S. arm of crowdfunding platform Republic. The deal could boost the token’s use in startup funding and payments.

4. Consensys IPO:  Consensys, the company behind MetaMask, is gearing up for an IPO with JPMorgan and Goldman Sachs as lead underwriters. According to Axios, the improved crypto regulations are encouraging firms like Consensys to go public sooner.

5. Mastercard Zerohash Purchase:  Mastercard is reportedly in talks to buy crypto startup Zerohash for $1.5–$2 billion, according to Fortune. Zerohash provides stablecoin and crypto infrastructure for institutions, marking Mastercard’s biggest step yet into the digital asset world.

6. Fed Rate Cut News:  The Federal Reserve cut its key interest rate to 4.00%, matching expectations, and announced it will stop shrinking its balance sheet from December 1. However, Fed Chair Jerome Powell hinted that another rate cut in December isn’t guaranteed, highlighting divisions within the committee over future policy moves.

7. Pavel Durov’s Cacoon:  At Blockchain Life 2025, Pavel Durov revealed Cocoon, a new confidential compute network built on the TON and Telegram ecosystems. Telegram will actively support its development, set to launch in November 2025, after Mini Apps earned developers $1 billion last year.

8. Trade on Ondo Finance:  Ondo Finance has launched its new global platform, Ondo Global Markets, on BNB Chain, allowing users to trade over 100 tokenized U.S. stocks and ETFs directly. The platform also connects with ecosystem projects like PancakeSwap.

9. FTX Architect Launch:  Former FTX US President Brett Harrison is launching a new trading platform called Architect, focusing on perpetual contracts for stocks and forex. The project aims to merge traditional markets with crypto-style trading and is raising Series A funding from Coinbase Ventures, Circle Ventures, and SALT Fund.

10. Binance YZi Labs:  According to YZi Labs, BNB has a capped supply of 100 million coins. Most are held by the public, while the BNB Foundation and Binance keep smaller shares. Over 64 million BNB have been permanently burned, reducing supply.

11. Bank of Canada Rate Cut:  The Bank of Canada has cut its key interest rate by 0.25% for the second time in a row, bringing it to 2.25%—the lowest since July 2022. Governor Tiff Macklem said the move helps offset U.S. tariff damage.

CoinGabbar’s Opinion

The crypto market is currently in a cautious phase, with the Fear & Greed Index at 34 (Fear) and a slight drop of 1.2%. Investors are reacting to recent rate cuts and volatility. 

While short-term trading remains risky, long-term sentiment stays positive due to strong institutional moves like Fidelity’s Solana ETF and Mastercard’s Zerohash deal. 

Safer investments lie in Bitcoin, Ethereum, stablecoins, and well-backed DeFi projects with real-world utility and transparent operations.

Disclaimer: Coingabbar provides informational content on cryptocurrencies, NFTs, and other decentralised assets. This is not financial advice. Users, 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.