{"id":19716,"date":"2025-10-23T14:25:27","date_gmt":"2025-10-23T13:25:27","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=19716"},"modified":"2025-10-23T14:25:29","modified_gmt":"2025-10-23T13:25:29","slug":"unraveling-the-crypto-boom-whats-behind-todays-explosive-surge","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/unraveling-the-crypto-boom-whats-behind-todays-explosive-surge\/","title":{"rendered":"Unraveling the Crypto Boom: What’s Behind Today’s Explosive Surge?"},"content":{"rendered":"\n
The crypto<\/a> market is showing mixed performance this Thursday, October 23, 2025. The global market capitalization increased by 1.3%<\/strong> to reach $3.8 trillion<\/strong>. However, technical signals and investment flows tell a very different story. 80 of the top 100 cryptocurrencies are up over 24 hours, driven by a daily trading volume of $190 billion<\/strong>.<\/p>\n\n\n\n Bitcoin<\/a> is trading at $109,789, up 1.7%<\/strong>, while Ethereum is slightly up 0.3% at $3,875<\/strong>. This apparent strength, however, masks concerning structural weaknesses. Leveraged positions recently suffered a massive liquidation of $19 billion, making investors significantly more cautious.<\/p>\n\n\n\n Binance<\/a> Coin (BNB) leads the top 10 with an increase of 3.2%<\/strong> to $1,103, followed by Solana (SOL) which gained 1.3% to $186. Among the top 100 cryptocurrencies by market cap, three tokens show double-digit gains: ChainOpera AI (COAI) surged 70.4% to $13.96, Hyperliquid<\/a> (HYPE) climbed 11.8% to $38.81, and Kinetiq Staked HYPE (KHYPE) increased by 11.6%. Conversely, Zcash (ZEC) suffered the heaviest correction<\/strong> with a 9.8% drop to $243.46, while Provenance Blockchain<\/a> (HASH) declined 6% to $0.03614.<\/p>\n\n\n\n \ud83c\udf81 Claim your Bitget bonus<\/a> with your first crypto purchase!<\/p>\n\n\n\n Glassnode’s on-chain analysis is sounding the alarm. Bitcoin<\/a> is currently trading below the short-term holder cost basis set at approximately $113,100. This is a level historically associated with the beginning of a medium-term bearish phase<\/strong>. This technical configuration suggests a weakening bullish momentum and increasing market fatigue<\/strong>.<\/p>\n\n\n\n
<\/figure>\n\n\n\n
<\/a><\/figure>\n\n\n\nBTC Under Pressure: Concerning Technical Signals According to Glassnode<\/h2>\n\n\n\n