The crypto market traded mixed on Wednesday as traders digested the aftermath of the latest FOMC meeting and repositioned ahead of key macro data.
Bitcoin
1.97%
Bitcoin
BTC
Price
$64,967.80
1.97% /24h
Volume in 24h
$26.32B
Price 7d
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extended its pullback, falling 1.8% to around $108,000, while
Ethereum
5.97%
Ethereum
ETH
Price
$1,890.17
5.97% /24h
Volume in 24h
$10.92B
Price 7d
Learn more
held firm near $3,900. Despite the volatility, some traders are rotating capital into promising altcoins, searching for the new best crypto to buy before the next market leg higher.
People need to relax a little on being so damn bearish. $BTC is in a uptrend still, nothing saying we aren't. pic.twitter.com/VNaZvuJHsO
— VikingXBT (@VikingXBT) October 30, 2025
Across the board, roughly $590 million in liquidations occurred in the past 24 hours, mostly from overleveraged long positions. Meme coins and Layer 1 tokens, however, bucked the broader weakness: PUMP and OFFICIAL TRUMP led memecoin gains, while Zcash (ZEC) and Hedera (HBAR) outperformed among base-layer projects.
Long-time Bitcoin holder Owen Gunden transferred 2,587.6 BTC (worth around $290 million) to Kraken in less than 10 days. On-chain analysts interpret the sale as a rare case of profit-taking from one of Bitcoin’s earliest adopters, signaling cautious sentiment even among veteran investors.
Meanwhile, Bloomberg reports that Fight Fight Fight LLC, issuer of the Trump-linked memecoin, is in talks to acquire the U.S. business of crowdfunding platform Republic, a deal that could expand the token’s role in startup fundraising and payments.
EXPLORE: Best New Crypto to Buy in 2025
Altcoin Spotlight: Hyperliquid Leads The Race While Traders Look For The Best New Crypto To Buy
Among standout performers, Hyperliquid (HYPE) continues to dominate DeFi headlines after a 110% rebound since mid-October. Trading near $49, the token is closing in on its all-time high of $59. Analysts highlight its strong fundamentals, over $111 million in fee revenue this month, a $644 million buyback program, and a rapidly expanding on-chain ecosystem.
If momentum holds above $48, HYPE could break toward the $55–$60 range in the coming weeks, supported by growing adoption of its HyperEVM technology and dominance in decentralized derivatives.
As volatility cools post-FOMC, investors are eyeing utility-driven ecosystems like Hyperliquid, Hedera, and Solana — each emerging as potential leaders in the ongoing search for the new best crypto to buy heading into November.
DISCOVER: What is WET Token? Solana’s HumidiFi DEX to ICO in November – Next 100X Crypto?
Cross-chain DeFi project Garden Finance fell victim to a suspected exploit, draining over $10 million in assets. Blockchain investigator ZachXBT first flagged the incident, revealing the team sent an on-chain message to the attacker proposing a 10% white-hat bounty for full fund return. No public statement has been issued by the project. ZachXBT further disclosed that roughly 25% of Garden Finance’s historical fund flows involve stolen assets, with ties to prior hacks on Bybit and Swissborg. Solana community event in Shenzhen, China, was abruptly shut down earlier this week after local police arrived to investigate overcrowding, according to the South China Morning Post. SOL USD has tumbled 2.2% today and is now trading under $200, with the latest FUD from China not helping matters. The gathering was part of the Solana Accelerate APAC series and took place on Tuesday (October 28), before being cut short when officers entered the venue and promptly sent everyone home. Organizers said the site had exceeded capacity and canceled the final hackathon “for public safety.” The police presence, however, caused unease among attendees, who expressed concerns online that the intervention reflected broader scrutiny of crypto activities in mainland China. The incident came after remarks from senior officials at the People’s Bank of China earlier in the week. Authorities stated they would continue working with law enforcement to clamp down on cryptocurrency trading and “speculative behavior.” At a high-profile meeting between President Donald Trump and Chinese President Xi Jinping, China committed to purchasing large quantities of U.S. farm products and energy, agreed to continue supplying critical minerals, and pledged to cooperate with the U.S. to stop the flow of fentanyl. Trump highlighted the strengthened U.S.–China ties and emphasized the economic benefits for America, while also praising support from other Asia-Pacific nations and expressing optimism about the future. It’s been a wildly good day for JellyJelly crypto. The coin suddenly shot up by over 50%, rising to around $0.13 as of the time this is being written. Degens in the Solana community can’t stop talking about it, and some are already calling it the best crypto to buy now. The move seems to show how fast confidence can return to meme-style tokens, especially when the whole Solana ecosystem is coming back again. What’s interesting about JellyJelly crypto is that it’s not just another meme. It’s tied to a short video app that rewards on-chain users, giving it a bit more utility than most. Market cap passed $130 million today, while daily volume spiked past $32 million, about three times its recent average and a good number considering how empty and depressing the current market is. According to some JellyJelly members, whale wallets were spotted stacking up during the rally. One trader even posted that this might be “the first Solana meme comeback worth chasing.” Whether it’s hype or momentum, JellyJelly crypto is back on a lot of watchlists as possibly the best crypto to buy now in short-term plays. Or is it? DISCOVER: 10+ Next Crypto to 100X In 2025Garden Finance Hit by $10 Million Hack
SOL USD Drops After Chinese Police Raid Solana Event in Shenzhen
Solana Hackathon in China Shut Down for Exceeding Capacity
US-China Summit Yields Major Economic and Security Deal
JellyJelly Crypto Coming Back +50% Today: Is This The Best Crypto to Buy Now?
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