FF, ASTER, XPL Price Lead Market Bounce: Will Crypto Recover From Flash Crash?

Dip-buying helped smaller tokens recover faster than the rest of the market. Falcon Finance, Aster, and Plasma turned into the day’s early movers as traders looked for short-term bargains.

According to Coingecko, FF traded near $0.145, gaining almost +14% in the past 24 hours. Its volume crossed $86M, and its market value stood around $340M. 

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Aster saw the strongest rebound, rising to about $1.35, up nearly +18%, with more than $1.2Bn in daily volume. 

Plasma climbed to roughly $0.254, adding close to +13% as trading activity picked up on Binance, where it still carries the high-risk “Seed” label.

The move came as Bitcoin steadied after Tuesday’s sharp selloff. 

The world’s largest cryptocurrency briefly broke below $90,000, touching a session low near $89,287, before recovering toward $93,500 later in the day.

Reuters reported that about $1.2 trillion in crypto market value has disappeared in six weeks as expectations for quick US rate cuts faded and global equities remained under pressure.

Market analysts say the next few days will show whether this bounce is only a reaction to oversold conditions or the start of a broader recovery. 

For now, the tone is cautious. Traders are watching whether Bitcoin can hold above key support and whether liquidity returns to the mid-cap tokens that led today’s rebound.

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Are FF, ASTER, and XPL Showing Real Strength or Just a Short-Term Rebound?

AP said Bitcoin briefly fell under $90,000 before bouncing during the day. The move shows how shaky the market still feels. 

The Crypto Fear & Greed Index sits in “Extreme Fear,” holding somewhere in the mid-teens.

.Aster (ASTER) is moving even faster. The token is trading near $1.35 after a 17.7% jump in the same period. Its 24-hour volume is about $1.23Bn, while its market cap sits near $3.21Bn.

Plasma (XPL) is trading near $0.254 after a 12.9% rise in the past day. Its 24-hour volume is about $502M, and its market cap is close to $458M. 

The token is listed on Binance’s spot market with a “Seed” label, which signals higher volatility and early-stage risk. Broader market pressure is still the main story. Reuters reported about $3.7Bn in net outflows from US spot bitcoin ETFs since Oct. 10, a clear sign that investors remain cautious. 

Some buyers are stepping in at lower levels, but the mood is still defensive. A Deribit executive told Reuters that “downside fears are justified in the short term,” noting that traders are wary after the sharp pullback. But he also pointed out that past extremes “have rewarded the bold,” capturing the tension in the market as participants weigh fresh risks against possible recovery setups.

Watch a few key signals here. First, see if Bitcoin can reclaim and hold the low-to-mid $90,000 area. Next, check whether US spot ETF flows stop bleeding and start to steady. Also, keep an eye on whether “Extreme Fear” readings begin to ease.

If those conditions line up, the move could broaden beyond FF, ASTER, and XPL. If they don’t, this bounce may fade into yet another lower high.

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