Bitcoin and Ethereum saw gains as markets bounced back from yesterday&#8217;s slump, 
but the crypto market is still under pressure. After a week of mostly downward 
pressure, crypto markets are finally bouncing up. Bitcoin is back above 
$109,000, while Ethereum…

Why is the crypto market up today (Oct 31)?

Theta Network adds Deutsche Telekom to participate in its core consensus 
mechanism. As a validator, the telecom giant will play a direct role in 
verifying transactions on the decentralized L1 network. In a press release 
dated Oct. 31, Theta Network…

Theta Network adds Deutsche Telekom as enterprise validator

Older, more established altcoins are likely to be the focus of institutional 
interest and investment, Maen Ftouni told Cointelegraph.

‘Dino’ cryptos to soak up institutional funds bound for altcoins: Analyst

Bitcoin is sitting on its first true make-or-break support of the cycle, and 
the market is now in what crypto analyst Dom (@traderview2) calls a “fork in 
the road.” His message is direct: if Bitcoin cannot stabilize and reclaim key 
levels quickly, the structure that has defined this entire run breaks for the 
first time — and he’s positioning for downside. “This is the last chance for 
Bitcoin to hold this level and to push higher,” he said in a live analysis 
stream on October 29. “If Bitcoin does not see its footing here over the next 
week or two, I think that this is going to break down. And I think that we’re 
going to see the mid to low $90,000s again.” Final Stand For Bitcoin’s 
Staircase Rally Dom’s base case is not a classic crypto winter. He does not 
expect an 80% wipeout. Instead, he’s warning that the next few days will 
decide if Bitcoin can defend the “staircase” structure that has held all 
cycle. If that breaks, he expects a controlled but persistent retrace — not a 
collapse, but not continuation either. “I don&#8217;t think that we&#8217;re going into a 
year and a half bear market like we always have,” he said. “Those are a thing 
of the past… unless the world goes into a terrible recession like Great 
Depression type thing.” The key line he’s watching for Bitcoin is roughly the 
$111,000–$114,000 region, which he referenced in the context of reclaimed 
resistance and VWAP levels. “If it doesn&#8217;t regain that in a quick timeframe, I 
think we need to get ready for a larger breakdown and that&#8217;s going to be sub 
$100K,” he said. His first target on breakdown is near $98,500, which lines up 
with what he called the 12-month rolling VWAP — “our bull market band this 
entire cycle.” Below that, he’s looking at whether buyers step in aggressively 
or not at all. That reaction, he says, will decide if $95,000 is a local 
wipeout and reset, or the start of something worse. The reason he considers 
this moment “do or die” is that, unlike earlier legs in the cycle, Bitcoin is 
no longer bouncing instantly from support. Throughout the advance, Dom says, 
Bitcoin followed a single clean pattern: break a major resistance, retest it 
once, and explode higher. “Any time that we cleared resistance, we held that 
as support,” he said. “It&#8217;s been a perfect pattern throughout the entire 
cycle.” Related Reading: Bitcoin Crash To $87,600 Looms If This Support Snaps, 
Warns Veteran Analyst That behavior has now changed. After the October 10 
liquidation event and the brief strength around the Fed decision and China 
headlines, Bitcoin stalled. It broke above resistance, then just sat there for 
“four or five months,” failed to expand, and is now losing momentum at the 
exact same level buyers previously defended with urgency. “Somebody does not 
believe that this is a discount,” he said. “We&#8217;ve had so many bounces at the 
same price and buyers just aren&#8217;t interested. What&#8217;s going to get them 
interested? Logically lower prices.” This is classic auction theory for him. 
In strong uptrends, the first retest of a key level is bought instantly 
because participants see it as cheap. Now, he says, order flow shows 
hesitation, not urgency. That is how tops actually form in crypto: not one 
dramatic candle, but buyers refusing to defend the same level for the fifth 
time. He also pointed directly to shallow liquidity on major spot books. On 
Coinbase, he said, “these order books are empty… nobody&#8217;s saving us down 
here.” He described only thin passive bid interest near $100,000 — “that&#8217;s 
only 170 Bitcoin. That&#8217;s really not much” — and heavy active sell pressure on 
Binance. “People are actively market selling… and we don&#8217;t have anyone on the 
other side to absorb that pressure.” His conclusion: this is exactly the setup 
that precedes fast air-moves lower if a key level breaks. Related Reading: 
Bitcoin Records Over $300B Spot Volume In October – Investors Shift Away From 
Leverage That fragility is not hypothetical. Dom says the October 10 crash 
already proved how dependent crypto still is on a handful of market makers. 
“We basically slid through an empty order book,” he said. “It proves how 
fragile crypto really is… If their risk systems say, ‘Hey, we&#8217;re not going to 
quote this,’ markets are going to crash like they did.” No 80% Crash This Time 
Still, Dom is not in the “cycle is over forever” camp. He thinks the market 
has changed structurally and that most traders are still using a 2021 mental 
model in a 2025 market. He argues Bitcoin is now an institutional instrument, 
not a purely speculative retail instrument. “This right here has been a very 
steady staircasing kind of growth,” he said. “The difference… is that this was 
really pushed because of institutions. I think the institutions were the main 
driver behind this cycle… ETFs launched and we&#8217;ve kind of just staircased our 
way up.” That slow, controlled advance is why he rejects the idea that Bitcoin 
will repeat the classic -80% drawdown after topping. He calls the new flow 
“parked money” — capital from ETFs, corporate treasuries, allocators, and 
“financial advisors, 401k money,” that is not actively panic-selling every 5% 
move. “They&#8217;re not calling you every other day and saying, ‘Oh, you know, it&#8217;s 
down 5%. Let&#8217;s sell it,’” he said. He also pointed out that this cycle barely 
doubled the old all-time high instead of going vertical, and even printed new 
highs before the halving. In his view, if the upside blow-off was muted and 
institutional, the downside is likely to be muted and institutional. At press 
time, BTC traded at $110,280. Featured image created with DALL.E, chart from 
TradingView.com

Bitcoin At A ‘Do-Or-Die’ Level As Cycle Faces First Real Test: Analyst

Zcash’s rise mirrors a shifting mood toward privacy in an increasingly 
monitored online world.

Cryptocurrency price in CLP