Bitcoin and Major Cryptocurrencies Surge After Fed Announcement

Author: Owen Jenkins Updated: 10-21-2025 03:28 PM

Bitcoin's Recent Surge

Bitcoin has recently seen a significant price increase, briefly climbing to $114,000 after the Federal Reserve announced its intention to investigate payment accounts tailored for cryptocurrency firms. This move could potentially allow these firms access to critical Federal Reserve payment systems.

Current Cryptocurrency Prices

The latest cryptocurrency prices reflect a vibrant market, with Bitcoin at approximately $112,146.97. Other major players are also seeing positive movements:

Ethereum (ETH): $4,018.44
XRP: $2.48
Dogecoin (DOGE): $0.2019
Solana (SOL): $194.39
Shiba Inu (SHIB): $0.00001037

Market Trends

According to data from Coinglass, within a mere 24 hours, around 141,966 traders faced liquidation, totaling approximately $557.15 million. Among the top cryptocurrencies facing losses in this timeframe were MYX Finance, Plasma, and DoubleZero.

Positive Outlook and Market Sentiment

Despite recent fluctuations, market sentiment appears cautiously optimistic. Traders are observing patterns, with many speculating on Bitcoin's potential breakout. Analyst Jelle highlights the target of $150,000, while Ted Pillows emphasizes the risk of significant liquidations lurking in the market with the potential for a market rally or drop.

Factors Influencing the Market

The crypto market remains highly sensitive to external factors such as CPI data as well as international trade agreements. Crypto Tony has observed Bitcoin's struggle with resistance at around $116,000, which could indicate a turning point for a greater price increase.

Insights from Traders

Daan Crypto Trades noted that Bitcoin's recent trading range has been between $107,000 and $112,000. Should the price breach the upper limits, it could signal the end of a corrective phase and lead to higher valuation levels. Conversely, a drop below $107,000 may prompt some selling pressure.

Future Developments

As the cryptocurrency landscape continues to evolve, traders and investors are advised to keep a close eye on both market trends and regulatory developments. Bitcoin (BTC), along with its counterparts, is navigating a complex landscape filled with opportunities and challenges.

Frequently Asked Questions

What was Bitcoin's peak price recently?

Bitcoin reached a peak of approximately $114,000 following the Fed's announcement about exploring crypto payment systems.

What are the current prices of major cryptocurrencies?

As of the latest data, Bitcoin is priced at $112,146.97, Ethereum at $4,018.44, XRP at $2.48, and Dogecoin at $0.2019.

How many traders were liquidated recently?

In the past 24 hours, about 141,966 traders faced liquidation, leading to over $557 million in losses.

What are trader insights regarding Bitcoin's price?

Traders suggest watching the $116,000 resistance, as breaking it could suggest the end of a correction, while dips below $107,000 may trigger further selling.

What factors impact cryptocurrency prices?

Significant influences include CPI data, global trade agreements, and regulatory news affecting the cryptocurrency landscape.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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