Why Is Crypto Down Today? – October 21, 2025
The crypto market is down right now, exhibiting a notable dip as complete market capitalization fell by 2.3% to $3.76 trillion. Trading quantity over the previous 24 hours stands at $156.6 billion, reflecting average market exercise amid continued worth corrections throughout main property.
TLDR:
- The complete crypto market cap dropped 2.3% to $3.76 trillion;
- 8 of the highest 10 cash are down;
- Fear & Greed Index sits at 33 (Fear), up barely from 30;
- BTC is consolidating between $107K–$110K;
- ETH faces stress round $3,850, shedding that stage might deliver $3,700–$3,500;
- US BTC spot ETFs noticed $40.47M in outflows;
- US ETH spot ETFs posted heavier $145.68M outflows;
- A SpaceX-linked pockets moved $268M in BTC after a 3-month pause;
Crypto Winners & Losers
At the time of writing, 8 of the highest 10 cryptocurrencies by market capitalization are within the pink.
Bitcoin (BTC) dropped 2.0% over the previous 24 hours, at present buying and selling at $108,562, whereas Ethereum (ETH) is down 3.5%, sitting at $3,885.73.
Binance Coin (BNB) noticed the steepest decline, shedding 3.6% to commerce at $1,075.93, marking a ten.2% drop over the previous week.
Meanwhile, XRP (XRP) slipped 1.8% to $2.42, and Solana (SOL) fell 2.8% to $186.31. Cardano (ADA) can be down 3.4% to $0.6475, extending its weeklong downtrend.
Among the highest gainers, SynFutures (SYF) surged 50.9%, adopted by Hajimi with a 41.2% rise and BinanceLife up 30%.
In distinction, the trending cash embody Zora, FLOKI, and Zcash, with Zcash seeing a modest 7.4% each day achieve.
Overall, the market sentiment stays cautious as merchants await indicators of stabilization after this week’s correction, with Bitcoin holding above the $108,000 assist stage whereas altcoins proceed to face promoting stress.
However, crypto investor and entrepreneur Ted Pillows sees $100,000 coming into play subsequent if BTC worth fails to ascertain a flooring.
Bitcoin Slips Toward $107K as Traders Eye CME Gap and $100K Retest
Bitcoin fell to weekly lows close to $107,460 on Tuesday, erasing its early rebound as merchants turned their focus to the newest unfilled CME futures hole.
The drop, amounting to a 2.5% decline on the day, got here amid skinny buying and selling volumes and cautious sentiment following final week’s volatility.
Analysts famous that Bitcoin opened the week with a small CME hole beneath present ranges and partially stuffed it, however a full closure would require a transfer towards $107,390.
Popular dealer Daan Crypto Trades stated bulls want to carry the $107K stage to keep away from signaling additional weak spot, whereas one other massive hole at $110K was already closed final week.
Market watchers warned that fading momentum and low quantity might set off a deeper pullback towards $100K–$98K, ranges not seen for the reason that final main correction.
“The low-volume breakout by no means confirmed a real reclaim of assist,” dealer Roman stated, suggesting Bitcoin should revisit cheaper price zones earlier than discovering a agency backside.
Levels & Events to Watch Next
At the time of writing on Tuesday afternoon, Bitcoin (BTC) is buying and selling at $108,645, down 1.75% over the previous 24 hours.
The coin noticed an intraday high of round $110,500 earlier than sliding to the day’s low close to $107,400. Over the final week, BTC has fallen greater than 2%, exhibiting persistent weak spot after failing to maintain its rebound from early October lows.
Currently, Bitcoin is consolidating within the $107,000–$110,000 vary. A breakout above $110,800 might open the door towards $113,200 and presumably $115,000, whereas shedding assist at $107,000 could push the worth again towards $104,500, ranges examined over the last correction.
Meanwhile, Ethereum (ETH) is buying and selling at $3,893, down 2.19% prior to now day. The coin reached a each day high close to $3,980 earlier than retreating to its present stage, with a 7-day low round $3,750.
ETH stays beneath stress alongside Bitcoin, slipping over 3% this week and practically 12% beneath its late-September peak of $4,420.
If Ethereum drops beneath $3,850, it might slide towards $3,700 and presumably $3,500. However, a transfer above $4,000 might set off a short-term restoration towards $4,200 and $4,350 if shopping for momentum returns.
Meanwhile, the crypto market sentiment remains in the fear zone, with solely a slight enchancment since yesterday. The Crypto Fear and Greed Index stands at 33, up from 30 the day prior to this however nonetheless signaling cautious investor habits.
Compared to final week’s impartial stage of 42, sentiment has clearly weakened as merchants develop extra unsure about short-term worth path. The index is now hovering near the decrease finish of the spectrum, exhibiting that buyers are nonetheless cautious after current market pullbacks.
The US Bitcoin spot exchange-traded funds (ETFs) recorded one other day of outflows on October 20, totaling $40.47 million in internet redemptions. The day’s buying and selling quantity throughout all issuers reached $4.87 billion, whereas cumulative internet inflows since launch stay robust at $61.50 billion.
Among the 12 listed funds, the most important outflow got here from BlackRock’s iShares Bitcoin Trust (IBIT), which noticed $100.65 million depart the fund regardless of holding the very best internet property at $88.82 billion. On the opposite hand, VanEck’s HODL ETF led inflows with $21.16 million, adopted by Bitwise’s BITB with $12.05 million and Fidelity’s FBTC with $9.67 million.
The US Ethereum spot ETFs additionally noticed heavy outflows on October 20, totaling $145.68 million, marking one of many largest single-day redemptions since launch. Total buying and selling quantity throughout all ETH spot ETFs reached $2.15 billion, whereas cumulative internet inflows stay optimistic at $14.45 billion.
The majority of the withdrawals got here from BlackRock’s ETHA, which recorded $117.86 million in outflows regardless of main the class with $15.85 billion in complete property beneath administration. Fidelity’s FETH adopted with $27.82 million in redemptions.
In distinction, different issuers, together with VanEck, Bitwise, and 21Shares, reported no important inflows or outflows throughout the identical interval.
Meanwhile, a SpaceX-linked pockets has moved $268 million worth of Bitcoin to 2 separate addresses on Tuesday, Arkham knowledge reveals.
According to on-chain analyst Ai Yi, the switch from SpaceX account follows a 3-month hiatus. The analyst advised that the transfer is prone to be an inside administration transfer and never a sale.
“In July, SpaceX’s sudden switch had its receiving tackle marked by Arkham as a Coinbase Prime Custody tackle. This time, it’d simply be pockets reorganization.”
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