Crypto Markets Today: Bitcoin Surges Past $115K as Markets Eye Fed Rate Cut

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Crypto Markets Today: Bitcoin Surges Past $115K as Markets Eye Fed Rate Cut Crypto markets rallied Monday ahead of the Federal Reserve’s upcoming rate decision, with bitcoin and ether leading gains. By Oliver Knight , Jacob Joseph Updated Oct 27, 2025, 12:23 p.m. Published Oct 27, 2025, 12:20 p.m. Matador waving flag to a bull. (Sternschnuppenreiter/Pixabay) What to know : BTC climbed to $115,200 and ETH to $4,160 amid expectations of a Fed interest rate cut on Wednesday. Bitcoin’s 30-day implied volatility dropped to 44%, showing reduced market anxiety, while options data indicate a neutral-to-bearish bias in longer-term contracts. While older tokens like ZEC, BCH, and DASH saw double-digit gains, newer coins such as plasma (XPL) and aster (ASTER) plunged as enthusiasm and trading volumes waned. The crypto markets experienced a much-needed bounce on Monday, with bitcoin BTC $ 115,245.94 rising to $115,200 while ether ETH $ 4,157.29 traded at $4,160. The rise can be attributed to anticipation around Wednesday's Federal Reserve meeting, where an interest rate cut is expected. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Bitcoin dominance continues to rise to demonstrate relative weakness across the altcoin market, although there were some outliers on Monday in the form of ENA $ 0.5058 and ZEC $ 357.22 . Derivatives Positioning By Jacob Joseph The BVIV, which measures BTC's 30-day implied volatility, has dropped to an annualized 44%, nearly reversing the Oct. 10 spike in a sign of ebbing market stress. The bias for Deribit-listed BTC put options has weakened across all tenors. However, longer duration risk reversals still remain slightly neutral to bearish. The same can be said for ETH, although at the short-end, the bias for ETH puts is still slightly greater than BTC. Last week, traders continued to sell topside (calls) on the CME to collect premium and generate yield on their BTC longs. Open interest in futures tied to most cryptocurrencies, excluding XRP, HYPE and HBAR, has increased in the past 24 hours, indicating capital inflows amid the price rally. Although bitcoin prices have climbed past their Oct. 21 high, the total open interest in USDT- and USD-denominated perpetual futures on major exchanges remains below the levels seen on Oct. 21. This divergence suggests that leveraged trader participation in the recent BTC rally has been limited. Token Talk By Oliver Knight The crypto market bounce ahead of Wednesday's federal reserve rate decision reflected across the entire altcoin sector, with the likes of ZEC $ 357.22 and ENA $ 0.5058 posting double-digit gains. There was also a notable rise in tokens issued in or before 2018 as BCH $ 563.43 and DASH $ 51.48 both rose by 8% and 9.5% respectively, while ether ETH $ 4,157.29 edged back into bullish territory with a surge to $4,150. The reversal in price action was not felt in two newly-released tokens; plasma XPL $ 0.3719 and aster ASTER $ 1.1024 both collapsed further to the downside as waning demand could not stifle wave upon wave of sell pressure. Plasma initially rose to as high as $1.67 in the days following its launch, notching $3.3 billion in daily volume in the process. However, it now trades at $0.36 with daily volume tumbling to $297 million. Aster, meanwhile, is trading at $1.07 having lost 43% of its value over the past month. It was initially positioned to be a rival to decentralized derivatives exchange HyperLiquid, but hype has since withered away after concerns surrounding the legitimacy of trading volume on the platform. Bitcoin dominance ticked up slightly to 59.1% on Monday, up from a low of 57.1% six weeks ago, suggesting that investors still prefer the more measured gains of BTC compared to more speculative altcoin bets. Crypto Markets Today More For You OwlTing: Stablecoin Infrastructure for the Future By CoinDesk Research Oct 16, 2025 Commissioned by OwlTing Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent. View Full Report More For You Filecoin Gives Back Most of Early Gains, Remains Barely Higher By Will Canny , CD Analytics | Edited by Stephen Alpher 8 minutes ago The token has support at $1.625 and resistance in the $1.634-$1.685 zone. What to know : FIL climbed as much as 2% before the token sold off. 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