Why Is Crypto Down Today? – October 16, 2025

The crypto market is down today, with the cryptocurrency market capitalization decreasing by 1.4%, rising to $3.88 ￰5￱ the top 100 coins, 93 have dropped over the past 24 ￰6￱ the same time, the total crypto trading volume is at $194 billion. TLDR: The crypto market capitalization is down by 1.4% on Thursday morning (UTC); 93 of the top 100 coins and 9 of the top 10 coins are down; BTC is down 2.2% to $110,774, and ETH fell 4.4% to $3,993; The drop below the $117,000–$114,000 cost-basis zone put top buyers in loss; This latest contraction is particularly concerning; A long-dormant Bitcoin wallet transferred a whopping 2,000 BTC on Thursday; US OCC has granted preliminary conditional approval to Erebor Bank; US BTC spot ETFs saw outflows on Wednesday of $94 million, while ETH spot ETFs recorded inflows of $5.32 million; The weaker ETF inflows signal fading institutional demand; BitMine Immersion Technologies acquired another 104,336 ETH; Crypto market sentiment stands within the fear zone, at the level last seen in ￰7￱ Winners & Losers At the time of writing, 9 of the top 10 coins per market capitalization have seen their prices decrease over the past 24 ￰8￱ (BTC) decreased by 2.2% since this time yesterday, currently trading at $110,774.

Bitcoin (BTC) 24h 7d 30d 1y All time Ethereum (ETH) is down by 4.4%, now changing hands at $3,993. The highest drop in the category is 6.8% by Solana (SOL) , which currently trades at $192. It’s followed by XRP’s 5.5% to $2.39. The only green coin is Tron (TRX) , which appreciated 0.4% to the price of $0.3216.

Looking at the top 100 coins, we find 93 of them in ￰9￱ these, Bittensor (TAO) is the reddest, having dropped 14.2% to $388. Two more coins recorded double-digit drops: Aster (ASTER) with 12.8% and Story (IP) with 10%, now trading at $1.32 and $6, ￰10￱ the other side, ChainOpera AI (COAI) is at the top, recording another substantial day of gains, with a rise of 53.1% to $24. It’s followed by the only other two coins with increases over 0.5%: Provenance Blockchain (HASH) and Figure Heloc (FIGR_HELOC) , which are up by 5.4% and 3.2% to $0.03561 and $1.02, respectively. Meanwhile, a long-dormant Bitcoin wallet awoke on Thursday to transfer a whopping 2,000 BTC , worth about $222 million, into 51 new ￰11￱ has prompted discussion about whether early holders will be potentially selling or just shuffling their ￰12￱ In: #Bitcoin OG has moved 2,000 $BTC ($222.13M) into 51 new ￰13￱ these, 50 wallets received 37.576 $BTC each, while one wallet received 121.18 $BTC . ￰0￱ ￰1￱ ￰14￱ — Onchain Lens (@OnchainLens) October 16, 2025 ‘The Market Risks Deeper Contraction’ “Bitcoin’s rally to $126.1k reversed amid macro stress and a $19B futures deleveraging, one of the largest in history,” the Glassnode analysts said in their latest ￰15￱ renewed sell pressure was amplified by the trade threats from the US towards China.

Notably, the drop below the $117,000–$114,000 cost-basis zone put top buyers in the loss ￰16￱ also exposed renewed market fragility. Moreover, the weaker ETF inflows signal “fading institutional demand,” the report notes, while spot markets saw a sharp though orderly ￰17￱ Early Black Friday Bitcoin’s rally to $126k reversed amid macro stress and a $19B futures ￰18￱ inflows slowing and volatility spiking, the market enters a reset phase marked by a historic leverage ￰19￱ the full Week On-Chain below ￰2￱ ￰20￱ — glassnode (@glassnode) October 15, 2025 “This latest contraction is particularly concerning, as it marks the third instance since late August where Bitcoin’s spot price has dipped below the 0.95-quantile price model ($117.1k)—a level where over 5% of supply, primarily held by top buyers, sits at a loss,” say the analysts.

“Without a renewed catalyst to lift prices back above $117.1k, the market risks deeper contraction toward the lower boundary of the $108.4k–$117.1k range.” Historically, when price fails to hold this zone, the report argues, “it has often preceded prolonged mid- to long-term corrections, making a sustained drop below $108k a critical warning signal of structural weakness.” They concluded that “despite rapid stabilization, the market remains in a reset phase, where renewed ETF inflows and sustained on-chain accumulation will be key to restoring confidence and confirming a durable recovery.” Levels & Events to Watch Next At the time of writing on Thursday morning, BTC trades at $110,774.

Early in the day, the coin decreased to the intraday low of $110,392 from the intraday high of $112,697. It’s been trading sideways since that point. A breakout above $114,600 could lead to the move toward $117,600. That may result in an increase to $119,800 and $120,000.

On the other hand, BTC could drop to $109,500 and proceed towards the $100,000 level, possibly even dip below that ￰21￱ Price Chart.) 24h 7d 30d 1y All time Meanwhile, the crypto market sentiment keeps dropping within the fear zone, reaching the lowest point in six ￰22￱ crypto fear and greed index has dropped from 37 yesterday to 32 today , the lowest value since April this ￰23￱ is a notable increase in caution among investors and traders, which may push the prices down ￰24￱ the other hand, lower prices may also provide a buying ￰25￱ See Mixed Picture The US BTC spot exchange-traded funds (ETFs) went back into the red on Wednesday, after a single day of inflows, with $94 million in ￰26￱ total net inflow is now down to $62.45 ￰27￱ the 12 ETFs, two saw flows, and both are ￰28￱ recorded outflows of $82.9 million, while Invesco let go of $11.1 million.

However, the US ETH ETFs recorded $5.32 million in inflows on 15 ￰29￱ cumulative total net inflow now stands at $14.72 ￰30￱ of the nine finds saw positive flows, and one saw negative ￰31￱ highest among these is Bitwise’s $12.31 million, followed by Fidelity’s $996,440 ￰32￱ the same time, 21Shares let go of $7.98 million. Meanwhile, BitMine Immersion Technologies increased its ETH holdings on Thursday, acquiring 104,336 ETH, worth about $417 ￰33￱ the latest addition, the firm now holds roughly 3.03 million ETH, valued at about $12.2 ￰34￱ aim to amass 5% of the coin’s total ￰35￱ looks like Bitmine( @BitMNR ) just bought another 104,336 $ETH ($417M).

Over the past 7 hours, 3 new wallets received 104,336 $ETH ($417M) from #Kraken and #BitGo. Despite the crypto market crash, Tom Lee still predicts $ETH will hit $10K by year-end. ￰3￱ … ￰36￱ — Lookonchain (@lookonchain) October 16, 2025 Furthermore, the US Office of the Comptroller of the Currency (OCC) has granted preliminary conditional approval to Erebor Bank , a new financial institution/bank backed by major players Peter Thiel, Palmer Luckey, and Joe ￰37￱ OCC granted preliminary conditional approval to Erebor Bank after thorough review of its ￰38￱ granting this charter, the OCC applied the same rigorous review and standards applied to all charter applications. ￰4￱ ￰39￱ — OCC (@USOCC) October 15, 2025 Quick FAQ Why did crypto move against stocks today?

The crypto market has decreased over the past day, and the stock market saw a mixed picture on ￰40￱ the closing time on 15 October, the S&P 500 was up by 0.4%, the Nasdaq-100 increased by 0.68%, and the Dow Jones Industrial Average fell by 0.037%. The stock market has turned lower due to the US President’s trade threats against ￰41￱ this drop sustainable? It’s likely that we will continue to see the market fluctuate in this period of increased market ￰42￱ may also like: (LIVE) Crypto News Today: Latest Updates for October 16, 2025 The crypto market is down today, with the cryptocurrency market capitalization decreasing by 1.4%, rising to $3.88 ￰43￱ the top 100 coins, 93 have dropped over the past 24 ￰44￱ the same time, the total crypto trading volume is at $194 ￰45￱ Winners & LosersAt the time of writing, 9 of the top 10 coins per market capitalization have seen their prices decrease over the past 24 ￰46￱ (BTC) decreased by 2.2% since this time yesterday, currently trading...