Altcoins Turn Green: Why Is the Crypto Market Rising Today (October 22, 2025)?
Jakarta, Pintu News – The crypto market showed another positive performance on Tuesday (October 21, 2025), led by Bitcoin and Ethereum . The total global crypto market capitalization rose 2.17% to around $3.83 trillion or around Rp63,610 trillion (exchange rate $1 = Rp16,616). This increase signals a recovery in investor sentiment after a period of high volatility in the past two weeks.
Bitcoin price rose about 3% to a daily high of $113,996 (Rp1.89 billion) before correcting to $113,542 (Rp1.88 billion). Meanwhile, Ethereum recorded a gain of more than 4%, breaking through the $4,100 level. With BTC’s daily trading volume surging 48% to $78.4 billion (Rp1,303 trillion), the market is showing signs of large capital re-entry from institutional and retail investors.
Capital Rotation from Gold and Silver to Crypto Assets
One of the main factors behind today’s crypto rally is the shift of capital from the precious metals market to cryptocurrencies. Gold and silver prices fell more than 4% on Tuesday, forming a double top pattern that signals a potential reversal. History shows that when gold prices peak, capital flows often move into riskier assets like Bitcoin (BTC) and Ethereum (ETH).
Large investors who previously took advantage of the gold rally are now rotating their portfolios into the crypto market, which offers the potential for higher yields. With gold’s massive market capitalization, even a small portion of such capital flows can give a significant boost to digital asset prices. This rotation reinforces the perception that crypto is increasingly perceived as an alternative store of value investment in the digital age.
Federal Reserve Supports Crypto Integration
Other positive news came from the Federal Reserve (Fed) which is considering the implementation of a “skinny master account”, a type of restricted account that would allow crypto-based institutions such as Ripple Labs, Kraken, and Anchorage direct access to the traditional financial system.
This move is considered a strong signal that US regulators are starting to open up space for integration between the conventional financial sector and the crypto industry. In the long run, this policy has the potential to increase the liquidity and trading volume of cryptocurrencies, as well as strengthen the legitimacy of digital assets in the eyes of major financial institutions. If implemented, this initiative could be a major catalyst for crypto adoption globally.
Also read: Analysts Forecast Ethereum (ETH) to Surge to $10,000, What are the Key Factors
Short Squeeze Drives Rapid Price Spikes
The sharp rise in the crypto market was also amplified by the short squeeze phenomenon, where traders who opened short positions were forced to close their positions as prices moved sharply higher. According to market data, more than $537 million (IDR 8.92 trillion) worth of leveraged positions were liquidated in the last 24 hours, with $300 million (IDR 4.98 trillion) of that coming from short positions.
This short squeeze effect accelerated the price rally, especially as the Fear and Greed index indicated excessive fear in the market earlier. As selling pressure eased and short positions were covered, forced buying (short covering) created an additional wave of gains that amplified the daily rally. This phenomenon suggests that confidence in the recovery of crypto prices is growing, at least in the short term.
Conclusion
Today’s rise in Bitcoin (BTC) and Ethereum (ETH) prices was driven by three main factors: capital rotation from gold and silver, regulatory support from the Fed, and a large liquidation of short positions that triggered a short squeeze effect. The combination of the three signals a return of investor confidence in the cryptocurrency market, while confirming that the bullish momentum still has the potential to continue if liquidity continues to increase.
However, traders are advised to stay alert for a potential price correction, especially if Bitcoin fails to break the $115,000 (Rp1.91 billion) area consistently.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coinpedia. Why Is Crypto Market Up Today? Bitcoin Teases $114k. Accessed October 21, 2025.
- Featured Image: Generated by Ai
