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[LIVE] Crypto News Today: Latest Updates for Oct. 29, 2025 – Crypto Market Turns Red; OG Whale Loads Up on Ethereum Shorts

Follow up to the hour updates on what is happening in crypto today, October 29. Market movements, crypto news, and more!

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Jai Pratap

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Jun 2023

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Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.

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October 29, 2025

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

[LIVE] Crypto News Today: Latest Updates for Oct. 29, 2025

The cryptocurrency market saw continued declines across most sectors in the past 24 hours. Bitcoin slipped 1.69% to around $112,000, while Ethereum dropped 3.71%, falling below the $4,000 mark. Most sectors mirrored the downturn, DeFi fell 2.14%, Layer 1 dropped 3.02%, and Layer 2 slid 4.30%. However, the SocialFi sector stood out with a modest 0.4% gain, led by Toncoin’s 1.39% rise. Meme tokens like MemeCore (M) and OFFICIAL TRUMP (TRUMP) also defied the broader trend, posting gains of 4.6% and 5.84%, respectively. Meanwhile, on-chain data shows the bears gaining ground. An OG whale, who previously made $8.3 million during the October 11 crash, has added fresh short positions on Ethereum, signaling renewed downside pressure.

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