Bitcoin Sinks by 13%, Altcoins Get Battered as Trump Meets Putin, Zelenskiy: Your Weekly Crypto Recap

It has been a extremely eventful, risky, and principally painful week for the cryptocurrency markets that began hours after our earlier market replace final Friday.

At the time, BTC had retraced barely since its ATH marked simply days earlier, however was nonetheless holding robust above $120,000. However, US President Trump threatened China with a brand new wave of tariffs after saying its authorities had been mendacity, which despatched shockwaves by means of the market. BTC dumped instantly to beneath $117,000, which opened the gates of leveraged hell to happen.

The cascading results of overleveraged positions getting forcefully closed resulted in a $19 billion wipeout and an enormous BTC plunge to $101,000 (on Binance and some extra exchanges). The altcoins had been smashed even tougher, with losses of as much as 99% in some excessive circumstances.

The mud settled throughout the weekend, particularly after experiences that the stress between the 2 superpowers had de-escalated. Bitcoin even went on the offensive and jumped to $116,000 mid-week, the place it confronted an instantaneous rejection. Although the $110,000 assist held at first, the bears continued to stress the asset. It gave in yesterday when Trump met with Russia’s Putin, with a price drop to $108,500.

The panorama worsened over the previous day, as soon as once more on one other bloody Friday. BTC initiated one other leg down that drove it south to just under $104,000. There was a quick bounce off to over $106,000 after Trump said the tariffs on China gained’t stand, however that momentum has light, and BTC is again at round $105,000 as of press time.

This places its weekly losses at over 13%. While this may sound painful, as a result of it’s, the state of affairs with many altcoins is rather a lot worse, with large losses from the likes of DOGE (-27%), ADA (-25%), LINK (-27%), XLM (-22%), HYPE (-21.5%), and plenty of others.

Market Data

Market Cap: $3.650T | 24H Vol: $273B | BTC Dominance: 57.3%

BTC: $105,000 (-13.6%) | ETH: $3,770 (-13.4%) | XRP: $2.27 (-19.5%)

This Week’s Crypto Headlines You Can’t Miss

Extreme Fear Creeps Back Into the Crypto Market as Bitcoin Tanks by $20K in Days. The general market sentiment has modified rather a lot within the span of simply over every week, which is seen by the Fear and Greed Index. The metric was above 60 final week, which confirmed a state of greed, however it tumbled to multi-month lows of beneath 25 after the newest correction.

Ripple Labs Reportedly Leading $1B Fundraise for XRP Treasury. In instances the place completely different firms are ramping up efforts to build up BTC, ETH, and some different altcoins, Ripple Labs has reportedly started an initiative that can enable it to lift $1 billion by means of a SPAC to create a digital asset treasury centered on accumulating its personal token, XRP.

Nearly All ETH Held by Companies Was Purchased in Past Quarter Alone. Speaking of altcoins which have turned the middle of DAT accumulation, information emerged this week indicating that just about all the ETH bought by such firms has been accumulated in Q3 2025.

Was Last Week’s Deleveraging Event a Necessary Reset for The Bitcoin Market? Glassnode Weighs In. Last Friday’s meltdown had a profound influence on all the crypto business, with a number of expers and observers speeding to supply their opinion on why it occurred and what’s subsequent. Glassnode, for example, said it was a vital reset as a result of extraordinarily high leveraged used by some merchants.

October 10 Crash Exaggerated? Real Crypto Losses Just $2.31B (Analyst). According to a different report, the large figures of $19 billion in liquidations throughout final week’s crash had been extremely exaggerated. It claimed that the precise worth was simply over $2.3 billion.

Peter Schiff Dismisses BTC’s ‘Digital Gold’ Status Following Recent Crash. As we all know, Peter Schiff makes use of each potential alternative to criticize BTC, and the crash from over $122,000 to beneath $105,000 allowed him to take action as soon as once more. In his newest bashing fest, the economist said this worth correction invalidated BTC’s standing as digital gold.

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