š BNB Explodes After CZ Pardon, Bitcoin Smashes $110K as CPI Looms - Is Uptober Finally Here?!
BNB rockets as markets digest Changpeng Zhao developments while Bitcoin reclaims six-figure territory.
The CPI Countdown
All eyes turn to inflation data that could make or break the current rally. Traders hold breath waiting for numbers that Wall Street will probably misinterpret anyway.
Trump's Crypto Connections
Political insiders continue stacking digital assets, because nothing says financial innovation like well-connected insiders getting allocation advantages.
What's Next for Crypto?
The market teeters between breakout and breakdown. One thing's certain - the volatility isn't going anywhere, and neither are the opportunists riding these waves.
October has delivered significant extremes. Bitcoin hit a new all-time high near $126,350 early in the month, followed by one of the most dramatic liquidation events in crypto history. The market saw cascading auto-deleveraging and altcoins down 60 to 90 percent intraday. These events strained confidence just as Uptober was supposed to shine.
Bitcoin has since shown resilience, bouncing from sub-$100,000 lows and stabilizing NEAR $110,000 with intraday gains above 1 percent. Traders hope the final week of the month will restore its historically bullish October record.
BNB Surges After Trump Pardons CZ;Ā CPI, China Trade Talks, and Investor Patience
One of the standout moves today came from BNB. Its price jumped more than 7 percent after President Trump granted a full pardon to former Binance CEO Changpeng Zhao. The decision repositions Binance more favorably with U.S. regulators, according to market speculation, and traders interpreted this as a signal that Washington may be shifting toward a more supportive crypto stance.
Backstory to CZ's pardon
Nov 2023 Binance and CZ plead guilty, $4B+ fine
Mar 2025 TRUMP WLFI launches stablecoin USD1
Mar 2025 $2B investment into Binance by MGX
May 2025 $2B investment was paid for in USD1
May 2025 CZ admits he applied for a pardon
Oct 2025 CZ gets a pardon⦠https://t.co/dolBuX9b89
ā Coffeezilla (@coffeebreak_YT) October 23, 2025
The highly anticipated U.S. CPI reading arrives today, with expectations pointing toward a slight uptick in inflation. Any figure above the 3 percent consensus could fuel volatility across risk assets. Meanwhile, diplomatic developments between Trump and China remain unpredictable. Market observers hope that upcoming trade discussions in Asia will reduce tensions over tariffs and rare earths.
Global equities, gold, and oil have all experienced sharp price adjustments this week. Gold remains near record highs above $4,000, while the U.S. Dollar Index trades close to 99.00.
Best Crypto to Buy: Relief Rallies Across Several Altcoin Sectors
Relief flows are making their way into selective altcoins. Falcon Finance leads with over 20 percent daily gains, while AVANT, ApeCoin, Humanity Protocol, and FTT all show strong momentum. Fartcoin and Virtuals Protocol are regaining attention within high-beta sectors. Artificial Superintelligence Alliance (FET) posted a double-digit rebound. Pump.fun also registered a notable 9 percent rise.

(Source:Ā Coingecko)
If Uptober wants a triumphant conclusion, this rotation into smaller assets will need continuation. Traders remain cautious, although renewed enthusiasm suggests that the search for the best crypto to buy is amplifying again as markets approach the weekend.
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