Jakarta, Pintu News – After a massive crash that wiped more than Rp265 trillion from the global crypto market, the total capitalization value is now showing a significant recovery. In the past 24 hours, the total crypto market cap surged hundreds of billions of dollars, while Bitcoin rallied back above key levels. Altcoin Bittensor even recorded a price surge of almost 40%, becoming one of the best performing assets this week.
After last Friday’s huge crash that led to $16 billion (Rp265 trillion) worth of liquidations, the cryptocurrency market is showing signs of recovery. The total market capitalization jumped by about $219 billion (IDR 3,629 trillion) in the last 24 hours, reaching $3.87 trillion (IDR 64,213 trillion). This is the first significant rebound since the turmoil caused by the United States’ announcement of new tariffs against China.
Analysts believe that if the market is able to break and maintain the $3.89 trillion (IDR 64,545 trillion) level as a new support area, the bullish momentum could potentially get stronger. This could push the overall crypto market valuation towards the $4 trillion threshold in the near future.
However, traders are still advised to be cautious. Although the recovery looks convincing, global macroeconomic conditions are still full of uncertainties. If investor sentiment weakens, market capitalization could correct back to around $3.81 trillion (IDR63,177 trillion) or even $3.73 trillion (IDR61,843 trillion) before stabilizing again.
Also read: Peter Brandt is now optimistic about BTC, ETH, XRP, and XLM? Here’s why!
The king of cryptocurrencies, Bitcoin (BTC), managed to recover from its fall to $102,000 (Rp1.69 billion) last Friday. BTC is now trading around $115,500 ($1.91 billion), up about 13% from its lows. The $110,000 ($1.82 billion) level appears to be a strong support area, withstanding selling pressure during the investor panic phase.
Currently, BTC is facing resistance at $117,261 ($1.94 billion). If it is able to break through and turn the level into support, Bitcoin has the potential to continue its rally to the psychological level of $120,000 (Rp1.98 billion). This rise could trigger a new wave of optimism in the crypto market that has just recovered from the downturn.
However, if BTC fails to maintain momentum and break the resistance, the potential for a short-term correction remains open. A drop below $112,500 ($1.86 billion) could bring the price back to test the $110,000 ($1.82 billion) area, indicating weak bullish strength in the next consolidation phase.
Read also: Ready for Another Bull Run? Fundstrat’s Tom Lee predicts ETH price could hit $5,500!
Altcoin Bittensor (TAO) stole the show after surging almost 40% in 24 hours, becoming the best performing asset this week. TAO’s price is now hovering around $412 ($6.83 million) after breaking through and making the $410 ($6.79 million) level a strong support.
This price spike came after Grayscale Investments officially filed a Form 10 with the SEC for Bittensor Trust (TAO) on October 12, 2025. The filing aims to shorten the holding period from 12 months to 6 months, as well as increase transparency with periodic audited financial statements. The decision is seen as a positive signal for institutional confidence in the TAO project.
If the $410 (IDR6.79 million) level can hold as a support area, TAO has a chance to continue its rally to $450 (IDR7.46 million) in the near future. However, if selling pressure increases and the price drops below $410, the risk of a correction could bring TAO back to the $378 (IDR6.26 million) or even $335 (IDR5.55 million) range, ending the temporary bullish momentum.
After the massive crash that shook the market, the crypto market is now showing strong signs of recovery. With Bitcoin (BTC) back above Rp1.9 billion, total market capitalization approaching Rp66 trillion, and altcoins like Bittensor (TAO) soaring, optimism is starting to return.
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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.
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