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Ether Crosses $1.6K, Bitcoin SV Leads Altcoin Gains With 30% Bump
Overall market capitalization rose 5% in the past 24 hours.
Updated Oct 20, 2023, 11:14 a.m. Published Oct 20, 2023, 11:14 a.m.
Major cryptocurrencies spiked as much as 13% as a bump in bitcoin led to an overall rise in crypto markets, buoyed by hopes of a spot bitcoin exchange-traded fund (ETF) approval.
All major tokens reversed losses from the past week, bitcoin jumped above $30,000, and ether crossed the $1,600 mark on Friday. XRP gained 7.2% after a key court decision favoring payments firm Ripple helped improve sentiment. Meanwhile, Solana’s SOL rose 12%, extending its weekly gains to over 25%.
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, a bitcoin fork token, rose 32% as crypto exchange Binance listed perpetual futures of BSV at a 50 times leverage, which may have attracted trader interest.
Several ETF providers amended their filings over multiple days in the past week alongside pressure on the U.S. Securities and Exchange Commission (SEC) to soften its stance on a bitcoin ETF approval.
“Betting on a sustained decline on BTC here is like going against gravity,” said Jack Tan, founder of crypto exchange WOO Network, in a note to CoinDesk. “For sure the ETF anticipation will provide a strong demand, but also if people start viewing BTC as a rush to safety trade, this will usher in a new paradigm.”
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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ICP Rises, Keeping Price Above Key Support Levels
Internet Computer rose, keeping the price above the $3.40 support zone, with early session volume spikes failing to produce a sustained breakout.
What to know:
- ICP rose 0.6% to $3.44 as early session volume surged 31% above average before fading.
- Resistance near $3.52–$3.55 rejected multiple breakout attempts, keeping the token range-bound.
- Support between $3.36–$3.40 held firm, maintaining ICP’s short-term higher-low structure.
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