Just when the markets seemed to be gloomy about the direction at the end of September, a massive wave of capital injections reignited optimism across the cryptocurrency landscape. The start of October 2025 proved to be a perfect time to “buy the dip.”
After surviving a challenging month dubbed “Bloody September” due to widespread sell-offs, the Cryptocurrency market has staged a strong comeback. Overall, in the last week have witnessed a marked positive traction which saw significant price drops. As of October 8th (10 a.m. Nigerian time), total market capitalization had improved remarkably from $2.90trn (October 1st) to $4.19trn signaling renewed investor confidence and robust market recovery.
The crypto market flagship, Bitcoin (BTC), established a new all-time peak, trading as high as $126,198.07 on Monday after breaking the $125,000.00 threshold, according to Reuters. This rally was driven by significant investments with inflows of about $6 billion channeled into the crypto markets based on market sentiment that the US government shutdown would potentially devalue the US Dollar. Meanwhile, Ethereum (ETH), on the other hand, did not quite print a new high during the same period, trading within a ceiling of $4,755.22.
In a landmark development, S&P Global unveiled the S&P Digital Markets 50 Index, its first-ever hybrid benchmark that fuses 15 dominant cryptocurrencies with 35 quoted blockchain companies, marking a historic step in Wall Street’s embrace of digital assets.
The index, designed with strict eligibility and weighting rules, offers investors a transparent, rules-based framework to assess performance across traditional equities and decentralized markets. In partnership with Dinari, S&P will launch a tokenized “dShare” version, allowing investors to gain exposure directly via blockchain technology. This groundbreaking blend of regulated finance and on-chain innovation bridges conventional finance with on-chain ecosystems, while reinforcing digital assets evolution strides from speculative ventures to legitimate market sectors. It also positions S&P at the frontier of tokenized, cross-market benchmarking, facilitating the world of stocks and crypto in one unified framework.
According to the Punch, the Nigeria’s House of Representatives has inaugurated a special Ad-hoc Committee to review the regulations and security risks surrounding cryptocurrency adoption and Point-of-Sale (POS) operations. The initiative follows rising cases of fraud, cybercrime, and consumer exploitation in the digital finance space.
Speaker Tajudeen Abbas emphasized that the move aims to close regulatory loopholes and establish proper documentation for POS users to curb identity theft and money laundering. The committee, chaired by Olufemi Bamisile, will work with key financial and security agencies; including the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), Economic and Financial Crimes Commission (EFCC), and Nigeria Financial Intelligence Unit (NFIU), to craft a balanced regulatory and legislative framework that safeguards national security while fostering financial innovation and inclusion through a consultative, evidence-based approach.
In India, financial authorities issued notices to 25 offshore crypto exchanges over anti-money laundering (AML) noncompliance, reinforcing the country’s tightening stance on unregulated digital asset activities.
The Financial Times reported that a Kremlin-backed stablecoin, “A7A5,” allegedly moved over $6 billion in cross-border transfers despite U.S. sanctions, highlighting the growing complexity in enforcing restrictions in decentralized systems.
Although markets are very optimistic about the sustainability of this bull rally, there are several reasons to be cautious. In the view of many, the rationale for price pumps at this juncture is not consistent with logic, but if the US government shutdown is truly a driving factor responsible for the uptick in prices in the last few days, resolution of issues between the Democrats and ruling Republicans may signal an inevitable correction in the crypto space. Beyond this, the US Federal Reserve is scheduled to meet in a few weeks (at the end of the month), and anything short of a rate cut at the meeting will likely affect sentiment. Nevertheless, it is noteworthy to mention that new appointments to the Fed are expected to be more aligned with Trump’s economic agenda.
In essence, while October began on a strong note for digital assets, the market’s next direction will likely hinge on the interplay between macroeconomic policy decisions, regulatory clarity, and the continued institutionalization of cryptocurrencies.
By: Sandra A. Aghaizu
Nigeria tightens her digital belt,
where coins no longer jingle but glow on screens.
The House of Representatives calls a gathering…
a council of watchmen to guard this new frontier
of crypto tides and POS streams.
Too many have been swept away
by waves of fraud and silent cyber thieves,
their identities traded like shadows in the night.
So Speaker Tajudeen Abbas raises a lantern,
to light the cracks where deceit hides,
to build fences where trust has fallen.
Olufemi Bamisile leads this voyage,
charting a map with the CBN, SEC, EFCC, and NFIU
a fleet sailing toward balance:
between freedom and order,
between innovation’s flame
and the laws that keep it from burning wild.
For in this dawn of digital gold,
Nigeria seeks not to choke the river,
but to guide its flow…
that every current may bring progress,
and not peril.
