Bitcoin remained steady near $111,000, showing a small recovery from recent lows as traders cautiously re-entered the market. Ether rose 3.5% to $3,970, while BNB, SOL, and XRP also saw gains. ADA was unchanged, and TRX fell 5% among major tokens.

BNB surged 5% on renewed optimism following founder Changpeng Zhao’s pardon by Donald Trump. This development is seen as a positive shift for Binance and BNB, potentially opening doors to the U.S. market. Solana continues to attract institutional investment, serving as a risk-on sentiment indicator.

Despite recent gains, the market is still cautious after October’s massive liquidation event. Funding rates have stabilized, with spot buying increasing. Bitcoin holding above $105,000 has boosted confidence, but overall sentiment remains mixed with the fear index hovering near 25.

October has been tumultuous for the cryptocurrency market, facing forced selling and false starts. Bitcoin’s strength above $110,000 is maintaining market structure, but traders are opting for selective exposure over broad speculation. Progress is seen in the market’s ability to avoid another liquidation wave.

Read more at Yahoo Finance: XRP Leads Gains on Ripple Moves, Bitcoin Holds $111K as ‘Uptober’ Dud Heads for Last Week