Bitcoin Rebounds in New York: Ethereum Futures Jump 6%, Gold Breaks Record Amid Market Shakeup

2025-10-14 05:57
Blockmedia
Blockmedia
Bitcoin Rebounds in New York: Ethereum Futures Jump 6%, Gold Breaks Record Amid Market Shakeup

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Bitcoin Rebounds as Gold Hits Record Highs: A Turning Point for Digital Assets?

The cryptocurrency market experienced a dynamic recovery following a steep downturn, demonstrating the resiliency of Bitcoin and Ethereum amidst fluctuating market conditions and macroeconomic uncertainty. With Bitcoin stabilizing and Ethereum posting impressive gains, the stage is set for what some experts, including Samson Mow, are calling the beginning of a "true bull market."

Bitcoin Stabilizes After Heavy Liquidations

The recent sharp correction in Bitcoin (BTC) saw the asset defend its key support level at $115,000, even as intraday trading faced stiff resistance around $116,000. Ethereum (ETH), on the other hand, rallied over 6%, buoyed by robust futures market activity. This rebound comes after a significant deleveraging event wiped out approximately $12 billion in leveraged positions, reducing Bitcoin’s open interest from $47 billion to $35 billion—its lowest leverage ratio since 2022.

This deleveraging marks a shift away from an overheated market, offering a healthier foundation for future growth. Market participants are cautiously optimistic, interpreting the broader stabilization as a sign of maturity in the digital asset space.

Resilience Amid Policy Uncertainty and ETF Momentum

Initial market turmoil was tied to geopolitical developments, specifically former President Trump’s comments supporting potential trade tariffs on China. However, assurances from the U.S. Treasury that such tariffs remain hypothetical provided a much-needed respite for risk assets. Lower U.S. Treasury yields further acted as a tailwind for the cryptocurrency market.

Additionally, exchange-traded funds (ETFs) displayed steady inflows, further boosting confidence. ETF-driven investments have been instrumental in providing downside support, allowing the market to stabilize more efficiently.

Digital Asset Market Cap Climbs $60 Billion Overnight

As of October 13, the total global cryptocurrency market capitalization was $3.9 trillion, reflecting a 6.3% increase—or an influx of approximately $60 billion—in just 24 hours, according to CoinMarketCap. Trading volumes also surged to $211.4 billion within the same period. Bitcoin's dominance held firm at 58.86%, while Ethereum maintained its share at 12.81%.

Bitcoin prices ticked up slightly to $115,604, a 0.26% gain from the prior day. Ethereum, however, stole the spotlight with a 2.46% increase, closing at $4,252. Other notable performers included Solana (+5.76%), Dogecoin (+2.87%), and Cardano (+3.59%), while Binance Coin (BNB) slipped by 1.46% on profit-taking. XRP rose 3.18%, although its broader weekly performance remained subdued with a 12.56% decline.

CME Futures Reveal a Diverging Landscape

The Chicago Mercantile Exchange (CME) painted a contrasting picture for Bitcoin and Ethereum futures. Bitcoin futures faced downward pressure, with October contracts (BTCV5) declining by $710 (-0.61%) to $116,280. November and December contracts similarly fell by $765 (-0.65%) and $520 (-0.44%), closing at $116,865 and $117,735, respectively.

Conversely, Ethereum futures showcased remarkable strength. October contracts (ETHV5) surged 6.80% to settle at $4,280, while November futures climbed 6.81% to $4,306.5. Gains continued across December and January contracts, rising by 6.68% and 5.63%, respectively. This Ethereum rally was bolstered by spot ETF inflows totaling nearly $2 billion, underscoring growing investor interest. Bitcoin spot ETFs also saw ten consecutive days of net inflows, highlighting the robust demand for both assets.

Macro Trends Propel Market Recovery

Global macroeconomic metrics contributed to the cryptocurrency market’s rebound. The U.S. Dollar Index (DXY) climbed 0.41% to 98.891, while the 10-year U.S. Treasury yield eased by 2.0% to 4.059%. Lower borrowing costs, coupled with heightened demand for safe-haven assets, pushed gold futures to an all-time high of $4,128.5 per ounce, surging 3.20%.

This environment reflects a reallocation of capital as investors navigate inflationary pressures and geopolitical risks. Analysts note the asymmetric flow of funds between gold as a traditional haven and cryptocurrencies as emerging digital alternatives.

A Shift in Investor Sentiment: Optimism Builds

The Alternative Fear & Greed Index, a crucial indicator of market sentiment, rose to 40, signaling a recovery from extreme fear to neutral sentiment. This metric suggests that confidence is gradually returning to the market, paving the way for potential growth in the coming months.

Samson Mow, CEO of Jan3 and a prominent cryptocurrency advocate, provided key insights into the market’s rebound. “The recent downturn might just be the ignition point for Bitcoin’s real bull market,” he remarked. Mow argued that the collapse of overvalued altcoins and memecoins is reshuffling the ecosystem back toward Bitcoin’s fundamentals.

He further noted that ETF-driven rally attempts in the altcoin sector lack the same staying power as Bitcoin, suggesting a re-consolidation of liquidity and focus around the flagship cryptocurrency. “A new generation of Bitcoin maximalists is emerging,” Mow concluded, forecasting a strengthening position for Bitcoin as the cornerstone of both institutional and retail cryptocurrency markets.

Conclusion: An Inflection Point for the Crypto Market

With Bitcoin finding its footing after significant liquidations and Ethereum demonstrating remarkable resilience, the cryptocurrency market seems poised for a period of reorganization and growth. As ETF inflows sustain capital momentum and macroeconomic conditions provide breathing room, many experts believe this could be the beginning of a fresh bull cycle.

Furthermore, the shifting investor focus back to Bitcoin underlines a maturing market. While external influences like gold prices and Treasury yields remain factors, cryptocurrencies are striving to forge an independent growth framework, signaling a potentially transformative phase for digital assets. Whether this marks the dawn of a new cycle or a temporary recovery, one thing is clear: cryptocurrencies are far from their finish line.

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