The cryptocurrency market experienced a period of significant volatility on Friday, October 31, 2025, with the global market capitalization seeing a 0.85% decline over the last 24 hours. Investor sentiment remained cautious, reflected by the Fear and Greed Index holding at 31 (Fear). Bitcoin (BTC) traded within a range of $106,304 to $110,531, recovering slightly after dipping below $107,000. Ethereum (ETH) also faced pressure, falling below $3,900 earlier in the day. The broader market saw substantial liquidations, with $879 million in leveraged positions wiped out, predominantly from long positions.
A notable trend impacting the market was the performance of AI-related tokens. The AI sector broadly dropped 8.6%, with some assets like ChainOpera AI (COAI) plunging nearly 24.29% in 24 hours. This downturn was exacerbated by significant outflows from U.S. Bitcoin spot ETFs, which recorded $488 million in net outflows on October 30, and Ethereum spot ETFs seeing $184 million in net outflows. In contrast, Solana spot ETFs continued to attract capital, with $37.33 million in inflows.
Despite the overall market caution, several cryptocurrencies demonstrated strong independent movements. Among the top performers, Velodrome Finance (VELO) surged by 41.85%, followed by ai16z (AI16Z) with a 29.34% increase. Bittensor (TAO) also posted significant gains of 16.98%. Zcash (ZEC) climbed 11.10%, aligning with bullish sentiment expressed by industry figures. Bitcoin (BTC) showed a modest 0.93% gain, trading at approximately $109,081.01, while Ethereum (ETH) saw a 1.41% increase to $3,830.71 based on trending data. These individual rallies highlight pockets of strength amidst a generally volatile landscape.