Market pulse

Crypto markets are broadly higher, with gains spread across most tracked assets rather than concentrated in Bitcoin alone. Eighty of 100 assets advanced over 24 hours, against 11 declines, and the median gain was 2.4%. IOST rose about 69%, while MITO fell 22%, underscoring that a strong overall tone still includes sharp moves in individual tokens.

Bitcoin gained 1.8% in 24 hours and 3.5% over the week, trading near $84,500. Its price sat above the 20-day and 50-day averages, while open interest climbed 6.5% in a day to about $8.3 billion. That combination points to increased futures participation alongside the advance, but also leaves the market more exposed to position-driven swings. Funding remained close to neutral, and the taker buy/sell ratio favored buyers, offering some support to the positive near-term picture.

The rally’s breadth is encouraging, but major-asset technical breadth is less decisive: eight of nine tracked assets were above their 200-day averages, while only two were above their 50-day averages. UK inflation also rose to 3.5% in September, according to the Economic Times, a development that may shape rate expectations but does not establish a direct crypto-market effect. Australia’s inflation report and rate decisions from the Bank of Canada and Federal Reserve on October 28 are potential catalysts for broader risk sentiment.