Let’s examine the key trends and events shaping the crypto market on Oct. 24.
Bitcoin reached $111,500 after US CPI data came in lower than expected, raising the likelihood of a Fed rate cut to 99%.
Altcoins like Ethereum, XRP, and Binance Coin gained 3-5%, though analysts warn that failing to pass key resistance could lead to a correction.
Polymarket is preparing to launch its native token, POLY, with an upcoming airdrop confirmed by the company’s CMO. The team aims to create a token with long-term value and true utility.
With growing investor interest and plans for a U.S. app launch, excitement around the airdrop continues to build.
. $POLY token confirmed
— Yoshi (@tradefoxintern) October 24, 2025
Will be based on volume
Hope you’re using @tradefoxai to farm the biggest airdrop in crypto history
Chainlink (LINK) is gaining attention after rebounding from the $17 support zone, with whales accumulating millions of tokens.
Analysts believe a breakout above $25 could trigger a major rally, potentially pushing LINK toward the $100 mark.
BitGo CEO Mike Belshe has publicly defended Binance founder Changpeng Zhao, clarifying that CZ did not plead guilty to money laundering but to a Bank Secrecy Act violation.
Belshe criticized U.S. Senator Elizabeth Warren’s claims and argued that Zhao was unjustly prosecuted. The defense follows President Trump’s recent pardon of the Binance founder.
You’re incorrect, @SenWarren. CZ pleaded guilty to violating the Bank Secrecy Act by failing to maintain an effective AML program, not money laundering.
— Mike Belshe (@mikebelshe) October 24, 2025
Without minimizing the severity of that, he’s the only person ever to receive jail time solely for this violation, while… https://t.co/WmlZnwTCc3
The crypto market is on the rise today, on Oct. 24. The total market capitalization has climbed 2.15% to reach $3.75 trillion. An impressive 95 of the top 100 cryptocurrencies have gained value in the past 24 hours.
