Why Is Crypto Down Today? – October 28, 2025

The crypto market is down today, with the cryptocurrency market capitalization decreasing by 1.1%, now standing at $3.95 ￰2￱ 90 of the top 100 coins have dropped over the past 24 ￰3￱ the same time, the total crypto trading volume is at $156 billion. TLDR: The crypto market capitalization is down by 1.1% on Tuesday morning (UTC); 88 of the top 100 coins and 9 of the top 10 coins fell today; BTC is down by 1.2% to $114,289, and ETH fell by 2.1% to $4,120; ’Markets remain cautious, but several indicators show stabilization beneath the surface’; ’Until conviction deepens and demand broadens, Bitcoin is likely to remain in a rangebound consolidation’; ’Many investors are still digesting the recent happenings and are trying to look through the settling dust’; Ledn has issued over $1 billion in BTC-backed loans this year, as investors turn to borrowing instead of selling; Citi and Coinbase will develop digital asset payment capabilities for institutional clients; Both US BTC and ETH spot ETFs saw inflows on Monday, with $149.3 million and $133.91 million, respectively; S&P Global Ratings gave Michael Saylor’s Strategy a ‘junk’ credit rating; Crypto market sentiment remains unchanged, with investors awaiting further ￰4￱ 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 ￰5￱ (BTC) decreased by 1.2% since this time yesterday, currently trading at $114,289.

Bitcoin (BTC) 24h 7d 30d 1y All time Ethereum (ETH) is down by 2.1%, now changing hands at $4,120. The highest drop in the category is 2.7% by Dogecoin (DOGE) , now trading at $0.2006. It’s followed by Binance Coin (BNB)’s 2.2% to $1,131. XRP recorded the only rise in the category.

It’s up by 0.4%, trading at $2.64. Looking at the top 100 coins, a dozen are up and the rest are in the ￰6￱ the red coins, one recorded a double-digit ￰7￱ Network (PI) fell 21.1% to the price of $0.2287. It’s followed by Zcash (ZEC) ’s 6.6%fall to $325. On the other hand, two coins saw double-digit ￰8￱ Heloc (FIGR_HELOC) appreciated 38.8%, now changing hands at $1.36.

The other is Hedera (HBAR) , which is up 16.3% to $0.2114. Meanwhile, crypto lender Ledn has issued over $1 billion in Bitcoin-backed loans this ￰9￱ is a sharp rise in crypto credit demand as investors choose to borrow instead of selling during the bull market. Moreover, Citi and Coinbase announced plans to develop digital asset payment capabilities for institutional ￰10￱ could bring Wall Street closer to the digital asset ￰11￱ collaboration aims to make it easier to move between fiat and crypto, and then to expand into payments orchestration for always-on settlement. We’re collaborating with @Citi to build the future of payments. →Exploring making it easier for Citi clients to use digital assets →Unlocking the power of stablecoins for payments →Improving on and off-ramps Time to make digital assets an integral part of the global ￰12￱ — Coinbase (@coinbase) October 27, 2025 ‘BTC Is Stabilizing as Sell Pressure Eases and Profitability Improves’ According to Glassnode , markets remain cautious, while several indicators point to “stabilization beneath the surface.” Notably, selling pressure has eased, leverage has reset, and profitability is improving, they ￰13￱ said, participation and on-chain activity remain muted.

“Until conviction deepens and demand broadens, Bitcoin is likely to remain in a rangebound consolidation, with cautious optimism beginning to replace defensive positioning,” Glassnode concludes. #Bitcoin is stabilizing as sell pressure eases and profitability improves, but muted activity and selective participation suggest a cautious, rangebound market until major demand steps ￰14￱ more in this week’s Market Pulse ￰0￱ ￰15￱ — glassnode (@glassnode) October 27, 2025 Meanwhile, Fabian Dori, Head of Investments at Sygnum Bank , argues that the US government shutdown is depriving investors of key economic data that helps them make informed decisions about inflation trends and market positioning.

“Adding to the uncertainty are the shock waves from the recent crypto flash crash, which exposed still-existing fragile points in the market structure and leverage in altcoins that were difficult for stressed liquidity to absorb,” Dori ￰16￱ argues that “this confirms, once again, the need for a comprehensive market structure bill, which is also impacted by the political stalemate.” Therefore, various market indicators – including a brief drop of the fear & greed index into the ‘fear’ territory, the spike in Deribit’s BTC volatility index, and average borrowing and lending APYs cooling from peaks – indicate that “many investors are still digesting the recent happenings and are trying to look through the settling dust.” “Given constructive business-cycle signals, resilient corporate earnings, accommodative liquidity, and ongoing institutional adoption of crypto, CPI readings that modestly undershot expectations and validated the Fed’s projection of a mid-term easing in inflation pressures could help reignite investor risk appetite,” Dori ￰17￱ & Events to Watch Next At the time of writing on Tuesday morning, BTC trades at $114,289.

For the first part of the day, the coin traded sideways until it reached the intraday high of $115,755, before it plunged to the day’s low of $113,599 near the time of writing. A breakout above $117,600 could lead to a move toward $120,500 and, subsequently, $124,100. However, a failure to hold this level may lead to a retest of the $112,250 ￰18￱ Price Chart.) 24h 7d 30d 1y All time Meanwhile, the crypto market sentiment stands unchanged over the past day, staying within the neutral ￰19￱ crypto fear and greed index remains at 42 ￰20￱ sentiment level suggests continuous caution among market participants, as they await additional geopolitical and economic signals that would point to the direction the market may take in the near to ￰21￱ Go Green The US BTC spot exchange-traded funds (ETFs) recorded $149.3 million in inflows on Monday, for a third consecutive ￰22￱ total net inflow now stands at $62.13 ￰23￱ the 12 ETFs, three recorded inflows, and there were no outflows.

Ark&21Shares took in $76.4 million, followed by BlackRock’s $65.27 million and Grayscale’s $7.63 million. Moreover, the US ETH ETFs broke the outflow streak on 27 October, with $133.91 million in ￰24￱ total net inflow now stands at $14.49 ￰25￱ of the nine finds saw positive flows, and none saw ￰26￱ leads the list with $72.49 million, followed by Bitwise’s $22.59 million. Meanwhile, S&P Global Ratings gave Michael Saylor’s Strategy a ‘B-‘ credit rating , a level considered junk or speculative ￰27￱ is the first Bitcoin treasury company to receive a formal credit grade from a major ￰28￱ firm got the rating due to its heavy Bitcoin exposure, limited business diversification, and weak dollar liquidity.

S&P said the outlook for the company remains stable. S&P Global Ratings has assigned Strategy Inc a 'B-' Issuer Credit Rating (Outlook Stable) — the first-ever rating of a Bitcoin Treasury Company by a major credit rating agency. ￰1￱ — Michael Saylor (@saylor) October 27, 2025 Quick FAQ Why did crypto move with stocks today? The crypto market has decreased over the past day, and the stock market surged and set new intraday and closing ATHs during work hours on ￰29￱ the closing time on 27 October, the S&P 500 was up by 1.23%, the Nasdaq-100 increased by 1.83%, and the Dow Jones Industrial Average rose by 0.71%. Major stock indexes set records for a second consecutive session on renewed optimism that the US and China could see a trade ￰30￱ this drop sustainable?

Analysts expect additional, intermittent drops in the market’s search for a stable base that would enable the next leg up. Nonetheless, we’re likely to see more brief lasting in the near term as ￰31￱ may also like: (LIVE) Crypto News Today: Latest Updates for October 28, 2025 Bitget Wallet, a leading self-custodial crypto wallet, has announced a full integration with HyperEVM— the Ethereum-compatible smart contract layer that powers the Hyperliquid Layer-1 ￰32￱ a press release shared with CryptoNews, Bitget said the update will give its 80 million users direct access to one of crypto’s fastest-growing onchain ecosystems, combining deep liquidity, institutional-grade trading, and decentralized programmability under one ￰33￱ the...