Let’s examine the key trends and events shaping the crypto market on Oct. 24.
Ethereum (ETH) was trading at $3,952, marking a 1.7% gain over the past 24 hours. Over the past week, the asset has ranged between $3,709 and $4,080. ETH currently sits 19% below its all-time high of $4,956, recorded on Aug. 24.
Ethereum’s 24-hour trading volume stands at $38.16 billion, which reflects a 11.9% decline.
Bitcoin ETFs managed to rebound from the previous day’s outflows amid shifting investor sentiment and saw $20.3 million in inflows on Oct. 23. BlackRock’s IBIT led the recovery with $107.8 million in new inflows.
BTC is currently trading at around $111K. The growing momentum suggests a possible push toward $115,000.
WLFI has entered the green zone after Donald Trump’s pardon of Binance ex-CEO Changpeng Zhao.
At the current moment, WLFI is up nearly 12%, trading at $0.1423.
The trading volume has increased by more than 167%.
This rally follows several weeks of sideways trading between $0.125 and $0.13. If the $0.135 support level holds, WLFI could climb toward $0.17. However, a breakdown below that level may trigger a retest of the $0.130–$0.125 range.
Will founder Changpeng Zhao return to Binance? That’s one of the questions that has been widely discussed in the crypto community.
After Donald Trump pardoned CZ on Oct. 23, prediction markets reacted sharply. Now, traders are pricing in a 50% chance that Zhao will return to Binance by the end of 2025.
In 2024, Zhao publicly stated that he had no intention of resuming his role as CEO. However, his significant ownership stake in Binance and his recent leadership position at YZi Labs suggest he could still make a comeback in an advisory or strategic role.