Why Is Crypto Down Today? – October 17, 2025

The crypto market is down today, with the cryptocurrency market capitalization decreasing by 4.9%, falling to $3.67 ￰1￱ the top 100 coins, 97 have dropped over the past 24 ￰2￱ the same time, the total crypto trading volume is at $234 billion. TLDR: The crypto market capitalization is down by 4.9% on Friday morning (UTC); 97 of the top 100 coins and all top 10 coins are down; BTC is down 4.5% to $105,732, and ETH fell 6% to $3,764; A break below $99,900 could lead to a much deeper correction; ’There is a strong conviction in Bitcoin as a utility asset, not just a store of value’; ’We are likely to see Bitcoin move more in tandem with other financial markets’; US BTC and ETH spot ETFs both saw outflows on Thursday of $$536.44 million and $56.99 million, respectively; The US lawmakers introduced a bill that would authorize Florida to invest 10% of specific public funds in BTC; Crypto market sentiment stands within the fear zone, at the level last seen in ￰3￱ Winners & Losers At the time of writing, all top 10 coins per market capitalization have seen their prices decrease over the past 24 ￰4￱ (BTC) decreased by 4.5% since this time yesterday, currently trading at $105,732.

Bitcoin (BTC) 24h 7d 30d 1y All time Ethereum (ETH) is down by 6%, now changing hands at $3,764. The highest drop in the category is 10% by Binance Coin (BNB) , now trading at $1,064. It’s followed by Dogecoin (DOGE)’s 9.3% to the price of $0.179. The smallest drop is 4.3% by Tron (TRX) , now standing at $0.3079.

Looking at the top 100 coins, 97 are ￰5￱ these, more than 30 recorded double-digit ￰6￱ AI (COAI) fell the most: 22.8% to $17.71. It’s followed by Zcash (ZEC) , which decreased by 19.9% to $193. The green coins are PAX Gold (PAXG) , Tether Gold (XAUT) , and Figure Heloc (FIGR_HELOC) . These are down 2.8%, 2.3%, and 1.9%, ￰7￱ recent major downturn was caused by a wave of massive liquidations exceeding $19 billion, boosted by the US–China trade tension and related threats coming from the ￰8￱ this drop, the market is having a hard time re-establishing a basis for another leg ￰9￱ has declined to ~$111K, dropping 11.8% since its $125.8K all-time high 9 days ￰10￱ Trump's temporary tariff threats acting as a catalyst, gold has thrived, while equities ￰11￱ can be argued $BTC 's drop is still in "overreaction" range. ￰0￱ ￰12￱ — Santiment (@santimentfeed) October 15, 2025 We Could See a ‘Much Deeper Correction’ Analysts at Glassnode found that BTC stands between key support levels.

However, they wrote, a break below $99,900 could lead to “a much deeper correction.” Bitcoin sits between key support levels, below the 200DMA ($107.4k) and just above the 365DMA ($99.9k), with the 111DMA ($114.7k) ￰13￱ the 365DMA could steady the trend, while a break lower risks a much deeper ￰14￱ — glassnode (@glassnode) October 17, 2025 Meanwhile, Dom Harz, Co-Founder of BOB , commented that despite the liquidations and price fluctuations we’ve seen this week, Bitcoin DeFi’s TVL has remained relatively steady. “This highlights that there is a strong conviction in Bitcoin as a utility asset, not just a store of value. It’s important not to let these short-term movements distract from Bitcoin’s, and indeed Bitcoin DeFi’s, true trajectory,” he argues.

Moreover, “with growing mainstream and institutional adoption, Bitcoin’s maturation is ￰15￱ are likely to see Bitcoin move more in tandem with other financial markets as it moves closer to becoming a core component of the global financial system.” Consequently, this momentum will also drive technological developments in Bitcoin ￰16￱ institutions holding BTC “will want to unlock Bitcoin’s utility and put their assets 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 sharp drop from the intraday high of $111,758 to the low of $105,149.

Overall, BTC has declined 13.3% in a week and 10.5% in a ￰17￱ price is still trending lower at the moment and is about to step into the $104,900 ￰18￱ that, it may proceed to $103,500 and below $100,000. Bitcoin Price Chart.) 24h 7d 30d 1y All time Meanwhile, the crypto market sentiment has plunged even lower within the fear zone, reaching another lowest point since April this ￰19￱ crypto fear and greed index fell from 32 yesterday to 28 ￰20￱ comparison, it stood at 62 (the greed zone) just seven days ￰21￱ is now approaching ‘extreme fear’. This indicates a growing fear and heightened apprehension among traders and investors, which can lead to panic selling and amplified ￰22￱ the other hand, for long-term investors, it opens a door to add to their holdings at lower prices.) saw notable negative flows on Thursday, with $536.44 million leaving the ￰23￱ the 12 ETFs, eight recorded ￰24￱ were no ￰25￱ the top of this list is Ark&21Shares with $275.25 million, followed by Fidelity with $132 million.) October 16, 2025 Quick FAQ Why did crypto move with stocks today?

The crypto market has decreased over the past day, and the stock market saw a drop during work hours on ￰26￱ 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 level since April, gold set its latest ATH, and regional bank shares came under ￰27￱ this drop sustainable? The decrease will likely continue, at least for ￰28￱ prices are still trending downwards, and geopolitical and economic pressures are strong. A shift upwards is, nonetheless, possible in the near ￰29￱ may also like: (LIVE) Crypto News Today: Latest Updates for October 17, 2025 Crypto fundraising accelerated sharply in October, with 27 blockchain and digital asset companies securing more than $2.5 billion, according to data from ￰30￱ surge brings total funding for 2025 to over $19 billion, already surpassing last year’s total by more than $9 billion, signaling renewed investor confidence in the digital asset ￰31￱ Funding Forecast Raised to $25B as Investor Confidence ReturnsWhile PitchBook had forecast $18 billion in crypto...