Let’s examine the key trends and events shaping the crypto market on Oct. 24.
According to Andreessen Horowitz’s “State of Crypto 2025” report, the number of active crypto users has climbed to 40–70 million, up by 10 million from last year.
Mobile wallets are driving growth in emerging markets, while trading activity dominates in developed economies. Bitcoin, Ethereum, and Solana are experiencing renewed participation from both users and developers.
Evernorth Holdings has acquired 261 million XRP, creating what could become the world’s largest publicly traded XRP treasury. The move comes as the firm prepares to go public via a Nasdaq SPAC merger with Armada Acquisition Corp II.
Ripple and other key partners have fulfilled their contributions, boosting investor confidence. XRP’s price has responded positively, reflecting growing market optimism.
Evernorth has now 261M XRP. Who has sent XRP so far?
— Vet 🏴☠️ (@Vet_X0) October 23, 2025
> Ripple send two payments, 211M and 319k XRP
> Chris Larsen sent 50M XRP
> Uphold exchange acc sent 199k XRP
> Jana label 🏷️ acc sent 300k XRP
That’s all in XRP, no stables. pic.twitter.com/vyqzl7d9vf
The long-anticipated altseason hasn’t started yet as market data indicates a clear rotation of capital back into Bitcoin (BTC). Despite analysts forecasting an eventual recovery for altcoins, ETF inflows suggest that both institutional and retail investors remain primarily focused on Bitcoin.
According to CoinMarketCap, Bitcoin’s market dominance has increased to 59.2%.
You can read more about it here.
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.