Crypto Market Rises as Inflows, Policy Optimism Boost Confidence

The crypto market rose by about 4.2% over the past 24 hours, extending its seven-day upward streak of roughly 4.6%. Investors appear increasingly optimistic as stronger inflows, policy progress, and spot-driven demand fuel the market’s steady recovery.

Crypto Market Climbs Higher as Inflows and Regulation Boost Confidence

The latest wave was spearheaded by prediction platforms such as Polymarket and Limitless, and they added over 113 billion in new inflows. Meanwhile, positive outcomes of the U.S. Senate discussions and the stablecoin legislation have alleviated old regulatory issues. These actions have increased confidence in the markets in general and increased participation.

A sharp increase in the market presently is aided by inflows of Spot trading and exchange-traded funds, unlike in the previous rallies, which were high leverage. This portends a higher organic growth and a more viable market structure.

Bitcoin (BTC) has remained stable above $111,000, recovering from minor recent losses. Ethereum (ETH) has sustained its bullish run, trading above $4,000. Binance Coin (BNB) also gained momentum, climbing past $1,100 with a solid 4% increase. Other leading assets, including XRP, Solana (SOL), TRON (TRX), and Dogecoin (DOGE), followed the upward trend with consistent gains.

Cuomo’s Tech-Driven Comeback Plan for NYC

The former New York governor, Andrew Cuomo, is positioning himself as an innovator in his quest to be elected mayor of New York City. Cuomo reportedly intends to base his campaign on the areas of blockchain, artificial intelligence, and biotechnology. To enhance the economic growth of New York City, he hopes to make it a global hub of the future through incorporating these sectors in its economic development plan.

Cuomo has plans to establish a new post, the chief innovation officer, to invest and bring talented professionals into the city. Such a role would assist in easing the regulatory conditions and enhancing the cooperation between the governmental bodies and new sectors of technology.

In order to even further reinforce this initiative, an Innovation Council will be established. Three advisory committees will be incorporated by the council, which will serve crypto, AI, and biotech. They will be used to inform policy actions, facilitate labor growth, and fewer bureaucratic hurdles that have stifled innovation in the past.

Trump–Xi Meeting Boosts Crypto Market

U.S. President Donald Trump has affirmed that he will hold a meeting with Chinese President Xi Jinping at the next Asia-Pacific Economic Cooperation ( APEC ) summit in Seoul on October 31. The announcement overturns previous statements by Trump,who said that there was no reason why he should attend.

In an interview with Fox News , Trump mentioned that he will hold a meeting with President Xi and other people in a few weeks in South Korea. The news sparked instant optimism in the crypto market with the confirmation. The investors took the meeting as a possible move towards de-escalating trade tensions between the two largest economies in the world.

Consequently, there was a rise in the price of major cryptocurrencies during the weekend. According to the analysts in the market, any sign of the return of positive U.S. relations with China is likely to trigger the market to take the risk, and this is a positive thing for the crypto assets.

Japan’s FSA Considers Letting Banks Hold Bitcoin

The Financial Services Agency (FSA) of Japan is reconsidering current regulations barring the acquisition of cryptocurrencies such as Bitcoin in banks. According to sources close to the issue, the regulator can consult the Financial Services Council, which provides the prime minister with advice on financial policy in the near future.

Taking the proposal would enable the banks to contain electronic assets in under rigorous capital and risk management standards. The reforms would put crypto holdings more on par with the traditional assets, including equities and government bonds.

At this point in time, Japanese banks are not allowed to directly invest in cryptocurrencies because they are volatile. The new structure aims to bring financial innovation and stability on par, marking the slow change of Japan toward the crypto market being a controlled member of its economy.