Crypto prices turned unexpectedly green after a volatile weekend. Bitcoin (BTC) and Ethereum (ETH) led the rebound, fuelled not only by remarks from Donald Trump but also by renewed optimism surrounding the upcoming summit between the United States and China, as well as several encouraging technical signals across the market.

Bitcoin regains ground above $110,000

Bitcoin started last week on a weak note, even briefly dipping below $104,000, before recovering sharply. Within just a few days, BTC climbed by around 7%, breaking through the $108,000 and $109,000 levels several times. At the time of writing, the Bitcoin price sits at roughly $111,000, with a weekly close near $108,700 – an important level of support. In euros, that‘s approximately €95,800. Compared with 24 hours ago, Bitcoin is up by more than 3%.

What triggered the surge?

A key factor was the announcement of a meeting between the US and Chinese presidents on 31 October during the APEC summit. Markets interpreted this as a possible sign of easing trade tensions. Trump stated that he was “not seeking the destruction of China” and described Xi Jinping as a “smart leader”. These comments provided a breath of relief to the market. Later, he hinted that import tariffs could be lowered if China was willing to make certain concessions. This renewed optimism helped Bitcoin‘s price push higher once again. From a technical perspective, Bitcoin also broke out of a ‘falling wedge‘ pattern – a structure often viewed as a bullish signal – marking the end of a two-week downtrend.

Ethereum and altcoins follow suit – some even outperform

While Bitcoin led the charge, Ethereum managed to rise slightly faster, gaining 3.84% and reclaiming the $4,000 level with ease. Other major coins also performed strongly:

XRP 3.76%

Solana 2.85%

Dogecoin 5.48%

Cardano 4.93%

Across the top 100, several altcoins saw double-digit gains. The standout performer was Synthetix (SNX), which soared by an impressive 18.61%.

Additional selling pressure from profit-taking

Despite the rally, the path upward is far from guaranteed. Analysts note that long-term holders – the so-called whales – have been realising profits, adding noticeable selling pressure to the market. Behind the scenes, on-chain data tells an interesting story. The realised profit – the total value of coins sold at a gain – climbed to an astonishing $1.7 billion per day. This suggests that many investors used the recent price rebound as an opportunity to lock in profits. At the same time, losses were also being realised: realised loss reached around $430 million per day, meaning some traders who bought at higher levels chose to exit their positions to limit further downside.

Even more striking was the rise in the revived supply – the volume of older coins that had long been dormant but suddenly moved again. This figure surged to $2.9 billion per day, the second-highest level of the current cycle. Such activity matters, as coins that have remained untouched for extended periods are typically held by seasoned or large investors. In other words, a wave of older coins is returning to circulation. Historically, this can indicate a phase of distribution by experienced holders, who often adjust their positions ahead of larger market moves. Beneath the surface, this shows that both confidence and caution are shaping sentiment at the same time.

What can we expect from the crypto market?

According to analyst Rekt Capital, stability around the $108,000–$110,000 zone is crucial. If Bitcoin manages to hold this range, the price could potentially head towards $120,000 or higher in the coming weeks. However, traders are warning of continued volatility, especially as order books remain thin following the recent market flush. Weekend trading has been particularly erratic, with reduced liquidity and emotional decision-making amplifying price swings.

Conclusion: cautious optimism

The crypto market has once again shown its resilience. After a weak start to the week, Bitcoin and altcoins staged an impressive comeback, supported by geopolitical expectations and a decisive technical breakout. Altcoins recorded solid growth, with the Ethereum price climbing comfortably above $4,000. Bitcoin, meanwhile, has returned to the $110,000 mark.

The weeks ahead promise to be eventful. If key support levels hold and sentiment around the upcoming Trump–China summit remains positive, the market could gather new momentum. Still, investors should remain aware of short-term volatility – it‘s far from over. Should Bitcoin manage to break and hold above the $110,000 resistance, it could mark the beginning of a renewed phase of confidence.

Disclaimer: This article does not constitute financial advice. Always conduct your own research and seek professional guidance before making investment decisions.