Crypto News Today, October 29 – Bitcoin Price Hovers Around $113K, Ethereum at $4K, and ZCash Could Be Ready for Another Run? Next 1000x Crypto Ahead of FOMC?

Steak ’n Shake has made a bold move by launching a Bitcoin reserve alongside its new BTC Burger rewards program, which is now available nationwide. This innovative approach not only attracts cryptocurrency enthusiasts but also positions the brand as a forward-thinking player in the fast-food industry. By integrating Bitcoin into their rewards system, Steak ’n Shake is tapping into the growing trend of digital currencies, potentially increasing customer engagement and loyalty.

Elon Musk has announced the upcoming launch of X Chat, a new messaging platform that promises encryption similar to Bitcoin. This initiative is significant as it aims to prioritize user privacy by ensuring that data won't be sold or shared with advertisers. As concerns about data security grow, X Chat could provide a refreshing alternative in the crowded messaging app market, appealing to users who value their privacy.

The crypto market is showing promising signs that an altcoin season may be on the horizon, with analysts pointing to historical trends and technical indicators suggesting a potential rebound after a prolonged downturn. While altcoins have been trailing behind Bitcoin recently, there is growing optimism fueled by favorable data and macroeconomic conditions that could lead to a significant rally across the altcoin market. This shift could be crucial for investors looking to capitalize on the upcoming opportunities.

This week, a lively debate on X highlighted a crucial issue regarding the future of on-chain privacy, particularly for cryptocurrencies like Zcash. Experts discussed the potential threat posed by quantum computers to elliptic-curve cryptography, which could allow for the retroactive deanonymization of past transactions. Nic Carter, a prominent figure in the cryptocurrency space, shared his insights, emphasizing the importance of addressing these vulnerabilities as technology evolves. This conversation is vital as it raises awareness about the security of privacy coins and the need for ongoing innovation in the face of emerging technologies.

Bitcoin has recently dropped below the $110,000 mark, causing significant concern among traders and investors. This decline was triggered by the US Federal Reserve's decision to cut interest rates and signal an end to quantitative tightening, leading to a wave of panic selling. The volatility has tested investor confidence and resulted in the liquidation of leveraged positions, highlighting the ongoing uncertainty in the market. Understanding these movements is crucial for anyone involved in cryptocurrency, as they reflect broader economic trends and investor sentiment.

Historically, October has been a great month for Bitcoin, often referred to as 'Uptober' due to its consistent price surges. However, as October 2025 comes to a close, Bitcoin is currently about 4% down, breaking its seven-year streak of closing the month in profit. This shift is significant for investors and enthusiasts who rely on past trends to predict future performance, raising concerns about the stability of the cryptocurrency market.

Vineet Budki warns that Bitcoin's four-year cycle remains intact, predicting a significant 70% drop in the next market downturn. He emphasizes that many investors lack a solid understanding of Bitcoin's economic properties, which could lead to panic selling at the first signs of trouble. This insight is crucial as it highlights the volatility of cryptocurrencies and the importance of informed investing, especially in uncertain market conditions.

Zcash has made headlines by surging to $388, marking a seven-year high and surpassing Monero in the privacy coin rankings. This significant rise not only highlights the growing interest in privacy-focused cryptocurrencies but also reflects a broader trend in the cryptocurrency market where investors are increasingly seeking secure and anonymous transaction options. The surge in Zcash's value could attract more users and investors, potentially reshaping the competitive landscape of privacy coins.

Bitcoin has recently dropped below the $110,000 mark, causing significant concern among traders and investors. This decline was triggered by the US Federal Reserve's decision to cut interest rates and signal an end to quantitative tightening, leading to a wave of panic selling. The volatility has tested investor confidence and resulted in the liquidation of leveraged positions, highlighting the ongoing uncertainty in the market. Understanding these movements is crucial for anyone involved in cryptocurrency, as they reflect broader economic trends and investor sentiment.

Australian police have successfully cracked crypto wallets, recovering over $7 million in illicit digital assets. This significant achievement highlights the ongoing efforts of law enforcement to combat cybercrime and protect the integrity of the financial system. By reclaiming these funds, authorities not only disrupt criminal activities but also send a strong message about the importance of security in the digital currency space.

A recent discussion on X sparked by crypto analyst Scott Melker has brought attention to the XRP Ledger and its utility. Melker's question about the current pitch for XRP, separate from Ripple, engaged his million followers, leading to a vibrant exchange of ideas. This conversation is significant as it highlights the evolving narrative around XRP and its role in the cryptocurrency landscape, encouraging both supporters and skeptics to share their insights.

The New Hampshire Senate has decided to stall a bill aimed at deregulating crypto mining after a split vote, reflecting growing public concern over the proposal. Lawmakers believe further study is necessary before making any changes to local controls on crypto mining. This decision is significant as it highlights the ongoing debate about the balance between technological advancement and community impact, especially in a state where crypto mining has become a contentious issue.

Historically, October has been a great month for Bitcoin, often referred to as 'Uptober' due to its consistent price surges. However, as October 2025 comes to a close, Bitcoin is currently about 4% down, breaking its seven-year streak of closing the month in profit. This shift is significant for investors and enthusiasts who rely on past trends to predict future performance, raising concerns about the stability of the cryptocurrency market.

Vineet Budki warns that Bitcoin's four-year cycle remains intact, predicting a significant 70% drop in the next market downturn. He emphasizes that many investors lack a solid understanding of Bitcoin's economic properties, which could lead to panic selling at the first signs of trouble. This insight is crucial as it highlights the volatility of cryptocurrencies and the importance of informed investing, especially in uncertain market conditions.