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Why Is Crypto Down Today? – October 17, 2025

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The crypto market is down immediately, with the cryptocurrency market capitalization reducing by 4.9%, falling to $3.67 trillion. Of the highest 100 cash, 97 have dropped over the previous 24 hours. At the identical time, the entire crypto buying and selling quantity is at $234 billion.

TLDR:

  • The crypto market capitalization is down by 4.9% on Friday morning (UTC);
  • 97 of the highest 100 cash and all prime 10 cash are down;
  • BTC is down 4.5% to $105,732, and ETH fell 6% to $3,764;
  • A break beneath $99,900 may result in a a lot deeper correction;
  • ’There is a robust conviction in Bitcoin as a utility asset, not only a retailer of worth’;
  • ’We are more likely to see Bitcoin transfer extra in tandem with different monetary markets’;
  • US BTC and ETH spot ETFs each noticed outflows on Thursday of $$536.44 million and $56.99 million, respectively;
  • The US lawmakers launched a invoice that might authorize Florida to take a position 10% of particular public funds in BTC;
  • Crypto market sentiment stands throughout the concern zone, on the stage final seen in April.

    • Crypto Winners & Losers

    At the time of writing, all prime 10 cash per market capitalization have seen their costs lower over the previous 24 hours.

    is down by 6%, now altering fingers at $3,764.

    The highest drop within the class is 10% by Binance Coin (BNB), now buying and selling at $1,064.

    It’s adopted by Dogecoin (DOGE)’s 9.3% to the worth of $0.179.

    The smallest drop is 4.3% by Tron (TRX), now standing at $0.3079.

    Looking on the prime 100 cash, 97 are down. Among these, greater than 30 recorded double-digit falls.

    ChainOpera AI (COAI) fell essentially the most: 22.8% to $17.71.

    It’s adopted by Zcash (ZEC), which decreased by 19.9% to $193.

    The inexperienced cash are PAX Gold (PAXG), Tether Gold (XAUT), and Figure Heloc (FIGR_HELOC). These are down 2.8%, 2.3%, and 1.9%, respectively.

    The latest main downturn was attributable to a wave of large liquidations exceeding $19 billion, boosted by the US–China commerce pressure and associated threats coming from the US. Following this drop, the market is having a tough time re-establishing a foundation for one more leg up.

    We Could See a ‘Much Deeper Correction’

    Analysts at Glassnode discovered that BTC stands between key assist ranges. However, they wrote, a break beneath $99,900 may result in “a a lot deeper correction.”

    Meanwhile, Dom Harz, Co-Founder of BOB, commented that regardless of the liquidations and worth fluctuations we’ve seen this week, Bitcoin DeFi’s TVL has remained comparatively regular.

    “This highlights that there’s a robust conviction in Bitcoin as a utility asset, not only a retailer of worth. It’s vital to not let these short-term actions distract from Bitcoin’s, and certainly Bitcoin DeFi’s, true trajectory,” he argues.

    Moreover, “with rising mainstream and institutional adoption, Bitcoin’s maturation is evident. We are more likely to see Bitcoin transfer extra in tandem with different monetary markets because it strikes nearer to changing into a core part of the worldwide monetary system.”

    Consequently, this momentum can even drive technological developments in Bitcoin DeFi. The establishments holding BTC “will need to unlock Bitcoin’s utility and put their property to work by securely deploying BTC natively into DeFi protocols.”

    Levels & Events to Watch Next

    At the time of writing on Friday morning, BTC trades at $105,732. The coin recorded a pointy drop from the intraday high of $111,758 to the low of $105,149.

    Overall, BTC has declined 13.3% in per week and 10.5% in a month.

    The worth remains to be trending decrease in the mean time and is about to step into the $104,900 zone. After that, it could proceed to $103,500 and beneath $100,000.

    Ethereum (ETH)
    24h7d30d1yAll time

    Meanwhile, the crypto market sentiment has plunged even decrease throughout the concern zone, reaching one other lowest level since April this 12 months. The crypto concern and greed index fell from 32 yesterday to 28 today. For comparability, it stood at 62 (the greed zone) simply seven days in the past. It is now approaching ‘excessive concern’.

    This signifies a rising concern and heightened apprehension amongst merchants and buyers, which might result in panic promoting and amplified volatility. On the opposite hand, for long-term buyers, it opens a door so as to add to their holdings at decrease costs.

    Source: CoinMarketCap

    ETFs Go Back Into Red

    The US BTC spot exchange-traded funds (ETFs) noticed notable destructive flows on Thursday, with $536.44 million leaving the funds.

    Of the 12 ETFs, eight recorded outflows. There have been no inflows. At the highest of this record is Ark&21Shares with $275.25 million, adopted by Fidelity with $132 million.

    Source: SoSoValue

    Furthermore, the US ETH ETFs recorded $56.99 million in outflows on 16 October, breaking a really break influx streak.

    One of the 9 finds noticed constructive flows, and 5 noticed destructive flows. BlackRock took in $46.9 million, whereas Grayscale noticed $69.03 million go away.

    Source: SoSoValue

    Meanwhile, the US lawmakers in Florida have introduced a bill that might authorize this state to take a position particular public funds in BTC.

    More exactly, the House Bill 183 authorizes Florida’s chief monetary officer to allocate 10% of the General Revenue Fund and the Budget Stabilization Fund into Bitcoin and ETFs.

    Quick FAQ

    1. Why did crypto transfer with shares immediately?

    The crypto market has decreased over the previous day, and the inventory market noticed a drop throughout work hours on Thursday. By the closing time on 16 October, the S&P 500 was down by 0.63%, the Nasdaq-100 decreased by 0.36%, and the Dow Jones Industrial Average fell by 0.65%. This comes as bond yields fell to their lowest stage since April, gold set its newest ATH, and regional financial institution shares got here beneath strain.

    1. Is this drop sustainable?

    The lower will seemingly proceed, at the very least for immediately. The costs are nonetheless trending downwards, and geopolitical and financial pressures are robust. A shift upwards is, nonetheless, attainable within the close to time period.

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    The publish Why Is Crypto Down Today? – October 17, 2025 appeared first on Cryptonews.

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