Monat: Oktober 2025

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Succinct (PROVE) price eyes $1.74 peak amid volume spike

  • Succinct price jumped 20% amid a 228% spike in daily volume.
  • PROVE outpaced most altcoins in the top 100 by market cap as bulls looked to break above $1.
  • The altcoin traded higher amid a zero-knowledge proofs milestone on Arbitrum.

Succinct (PROVE) trends among cryptocurrency outperformers in the past 24 hours, with double-digit gains pushing the verifiable computation protocol’s native token to above $1.00.

As Ethereum’s Layer 2 ecosystems push boundaries in scalability and security, PROVE’s latest momentum aligns with fresh investor confidence.

Particularly, Succinct’s zero-knowledge proofs milestone on Arbitrum has coincided with the price surge.

The PROVE token mirrors gains for SynFutures, Aster and World Liberty Financial. Ethereum is also up amid CPI anticipation.

Succinct price tests $1 amid a 200% volume spike

The Succinct token (PROVE) rose sharply on Friday to test the psychologically significant $1.00 threshold.

Gains came as trading activity exploded, with PROVE climbing more than 20% from recent lows of $0.79 to highs of $1.02.

The uptick positioned Succinct as a standout performer in the altcoin space, outpacing Ethereum and other top altcoins.

Significantly, the upward pressure for the altcoin comes on the heels of a dramatic 228% spike in trading volume.

Market data from CoinMarketCap indicated Succinct’s volume exceeded $146 million as PROVE hovered above $0.98 amid a slight retreat. 

However, PROVE price has jumped by more than 137% since touching lows of $0.41 on October 11, 2025.

Bulls could eye strengthening above $1 in the coming weeks, with the target on a new all-time high. 

As PROVE hovers near $1, the combination of price appreciation and elevated volume suggests a breakout is likely.

The token reached its all-time peak of $1.73 in August 2025. Downside action could rely on critical support around $0.75.

Succinct Chart
Succinct prove chart by CoinMarketCap

Succinct hits key milestone

The crypto market has shown lacklustre action these past few days. However, Succinct has jumped by more than 32% in the past week. 

Amid this market outlook, Succinct has achieved a landmark advancement in its mission to democratize ZK proofs.

The protocol recently announced the implementation of zero-knowledge proofs tailored for Arbitrum, Ethereum’s leading optimistic rollup.

Through its SP1 zero-knowledge virtual machine, Succinct has verified real Arbitrum blocks while maintaining seamless compatibility with the Ethereum Virtual Machine and Stylus smart contracts.

By enabling ZK proofs across all Arbitrum chains, including those built on the Orbit stack, Succinct unlocks new possibilities for modular DeFi, cross-chain bridges, and privacy-enhanced applications.

For the Succinct ecosystem, it solidifies PROVE’s utility as the economic backbone for proof generation, staking, and governance. 

In August, while disclosing a strategic partnership with Tandem, the Succinct team said the integration with Arbitrum could be key to PROVE revenue. 

“Since Arbitrum chains account for ~50% of L2 TVS, our rollup market just doubled. If the SPN can monetize a fraction of that value, it will unlock hundreds of millions in revenue for our ecosystem,” they posted on X.

While volatility remains inherent in crypto markets, the milestone and other developments affirm the Succinct’s edge against industry peers.

Traders will watch the market closely for signals of upward momentum.

The post Succinct (PROVE) price eyes $1.74 peak amid volume spike appeared first on CoinJournal.

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Bitcoin price forecast: BTC reclaims $111k, shows signs of recovery

Key takeaways

  • BTC is up by more than 1% and is now trading above $111k.
  • The coin could rally towards $115k if the bullish trend continues.

Crypto market gains stability

The cryptocurrency market has been volatile since the start of the week, with Bitcoin recording a whipsaw action. However, the market has gained stability in the last 24 hours, with the major coins recording healthy gains.

Bitcoin, Ether, and XRP prices have shown signs of stabilization early today as market momentum steadies after recent volatility. The leading cryptocurrencies are holding above key levels, with momentum indicators suggesting building bullish pressure and potential signs of recovery in the near term. 

Bitcoin eyes $115k amid early signs of recovery

The BTC/USD 4-hour chart remains bearish and efficient despite Bitcoin adding 1% to its value in the last 24 hours. The cryptocurrency Bitcoin price faced rejection from the 50-day Exponential Moving Average (EMA) at $113,329 earlier this week and dropped by nearly 3% on Wednesday.

However, it retested the 61.8% Fibonacci retracement level at $106,453 and recovered 2.33% on Thursday before rallying above $111k. 

The Relative Strength Index (RSI) indicator at 58 points upward on the 4-hour chart suggests early signs of growing bullish momentum. The RSI has to stay above the neutral 50 for Bitcoin to embark on a sustained rally. Furthermore, the Moving Average Convergence Divergence (MACD) lines converged in the last 24hours to form a bullish crossover. 

BTC/USD 4H Chart

If the bullish trend continues, Bitcoin could extend its rally toward the 50-day EMA at $113,329. An extended bullish run would allow it to reclaim the ILQ  level at $115,137.

However, if the bulls fail to build on this momentum and the daily candle closes below $106,453, Bitcoin could extend losses toward the October 10 swing low of $102,000 over the next few days. 

The momentum is switching bullish, and this could see Bitcoin extend its current gains towards the $115k resistance.

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Ethereum price prediction amid ETF outflows and CPI anticipation

  • Ethereum price hovers near the key level of $4,000.
  • Market data shows ETH spot exchange-traded funds recorded net outflows of over $128 million.
  • Trader anticipation around US consumer price index (CPI) has ETH bulls poised for an uptick.

Ethereum (ETH) price is up slightly, trading above $3,980 at the time of writing with a 24-hour uptick of nearly 3%.

This comes despite the flagship altcoin’s market grappling with institutional outflows from its spot exchange-traded funds (ETFs).

Also, while traders eyeing the key US Consumer Price Index (CPI) release today adds optimism amid anticipation of clues on Federal Reserve policy.

As ETH, reaction to the reading could point to short term price trajectory for Ethereum.

Ethereum spot ETFs see $128 million in outflows

Spot Ethereum ETFs trading on US exchanges experienced notable negative flows on October 23, 2025 as the market witnessed net outflows of $128 million.

Notably, none of the nine available ETH ETFs posted net inflows for the day, a sharp departure from the intermittent positivity seen earlier in the month.

This uniform exodus reflects growing caution among institutional players, who appear to be reallocating toward perceived safer havens as Ethereum’s price momentum falters.

Data from ETF tracker SoSoValue highlights that ETH spot ETFs have witnessed outflows in eight of the past 11 trading days. In contrast, the altcoin notched eight straight days of net inflows at the start of October.

On Oct. 23, Fidelity’s Ethereum Fund (FETH) led the outflows with $77 million in withdrawals.

Meanwhile, BlackRock’s iShares Ethereum Trust (ETHA) saw an exit of over $23.5 million and Grayscale’s Ethereum Trust (ETHE) recorded outflows of over $8.8 million. Invesco, Franklin Templeton and 21Shares saw zero net flows.

In contrast, Bitcoin spot ETFs demonstrated resilience, attracting a total net inflow of $20.33 million on the same day. BlackRock’s flagship iShares Bitcoin Trust (IBIT) spearheaded the gains, drawing in a robust $108 million in net inflows.

Cumulative inflows for ETH ETFs since their debut now stand at $14.45 billion, compared to Bitcoin’s towering $61.89 billion. Despite Ethereum’s lagging of Bitcoin, trends in institutional adoption point to increased bullish bets on ETH.

Ethereum price outlook ahead of CPI data today

Markets are braced for the Bureau of Labor Statistics’ CPI report at 8:30 a.m. ET on October 24.

Ahead of this, Ethereum’s price hovers around $3,980, up nearly 3% in the past 24 hours. The uptick has ETH near the key $4,000 mark and expectations in the short-term hinge on inflation signals.

Economists anticipate a year-over-year CPI of 3.1%, down from August’s 2.9%, with core inflation steady at 3.1%.

A print at or below expectations could alleviate pressure on risk assets, potentially igniting a short squeeze in ETH futures.

Shorts could face liquidation if prices spike sharply into next week when the Federal Reserve is anticipated to cut its interest rate.

With relative strength index at 46 and signaling a divergence to the upside, a successful retest and continuation above $4,000 could bring $4,300 and $4,500 into play.

However, stumbling at key resistance in the aftermath of the CPI release, with other market conditions in effect, the altcoin could see a pullback to support at $3,745.

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Bitcoin climbs to $111K as a pardon for Binance’s ‘CZ’ fuels a broad crypto rally

  • The crypto market is rallying, with Bitcoin climbing 2.7 percent to over $110,700.
  • The rally was fueled by a presidential pardon for the Binance founder “CZ.”
  • The pardon for Changpeng Zhao sent the price of BNB soaring by over 5 percent.

The cryptocurrency market was firmly in rally mode on Thursday, with Bitcoin climbing back toward $111,000 in a powerful rebound that was fueled by sizable gains in the US stock market and a stunning presidential pardon for the founder of the crypto exchange Binance, Changpeng “CZ” Zhao.

The broad-based rally marks another day of sharp, back-and-forth price action in a market that has been defined by extreme volatility in recent weeks.

A presidential pardon sparks a relief rally

The primary catalyst for the market’s improved tone was the unexpected news of President Trump’s pardon for the Binance founder.

The move, which suggests a continuing friendly regulatory environment for the crypto industry in the US, had an immediate and powerful impact.

The price of BNB, the native token of the Binance ecosystem, surged by more than 5 percent on the news.

The positive sentiment spread across the broader crypto sector, with Bitcoin rising 2.7 percent over the past 24 hours to $110,700, and other major tokens like Ether, DOGE, and ADA all posting gains in the 2 to 3 percent range.

Crypto-related stocks, which had suffered heavy losses in Wednesday’s sell-off, also bounced back strongly, with the Bitcoin miner Hut 8 climbing 7.3 percent after tumbling 17 percent in the previous session.

A classic whipsaw pattern continues

The powerful rebound comes just one day after a sharp decline that had pushed Bitcoin’s price below $107,000.

That drop, in turn, had followed a steep rise on Tuesday that had seen the leading cryptocurrency climb as high as $114,000.

This volatile, back-and-forth action is a classic whipsaw pattern, a market condition that often punishes traders who try to chase the trend.

All eyes on a pivotal inflation report

With the pardon now digested, the market’s focus is turning to the next major potential catalyst: the US government’s September Consumer Price Index (CPI) report, which is still set to be released on Friday morning despite the ongoing government shutdown.

This will likely be the last piece of important economic data that the Federal Reserve will see before its crucial rate-setting meeting next week.

The market is currently in full expectation of a 25-basis-point cut at that meeting, with another quarter-point reduction priced in for the final meeting of the year in December.

The CPI report will be the final and most important test of that conviction.

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