Kategorie: Crypto News

• Bitcoin slides below $104K as crypto sell-off deepens.
• $1B in crypto liquidations hit traders within 24 hours.
• Aave, Flare, BCH sink; Jito jumps on a16z investment.

The cryptocurrency market has extended its unstable week with a broad sell-off, erasing gains from earlier in the period amid Bitcoin’s slump to under $104,000.

Meanwhile, the global cryptocurrency market capitalization dropped by more than 3% to $3.5 trillion – before a slight recovery as Bitcoin reclaimed the $107,000 level.

CoinGlass data showed the global crypto liquidations jumped to over $1.04 billion in 24 hours, with longs suffering the most pain.

Open interest was down 3.8% to $150 billion as Ethereum, XRP, Solana, and BNB all retested, and in some cases, dropped below key levels.

Bitcoin slumps to $103,598

Bitcoin led the market’s steep drop on Friday, October 17, 2025. While the sharp decline was not as bloody as the annihilation seen on Oct. 10, the fall to lows of $103,500 marked another big swing for BTC.

The benchmark digital asset had partially recovered to highs of $106,600 at the time of writing.

However, the slump injected fresh fears into a market that witnessed a historic $19 billion liquidation event a week prior.

Notably, Bitcoin’s dump came amid investor jitters across Wall Street following bad loans news from two US regional banks.

A spooked market reacted lower, and BitMEX co-founder Arthur Hayes shared his view on what that could mean.

$BTC on sale. If this US regional banking wobble grows to a crisis be ready for a 2023-like bailout. And then go shopping assuming you have spare capital. I got my list, what’s on yours fam? pic.twitter.com/TbuQQI3njN

— Arthur Hayes (@CryptoHayes) October 17, 2025

ETH, XRP, SOL and BNB mirror BTC’s woes

Bitcoin hogged headlines for its sharp drop, with an intraday range of $109,260 and $103,598. However, the rot was widespread and Ethereum, XRP, Solana and BNB all shed a significant portion of recent gains.

Specifically, Bitcoin’s woes that aligned with major ETF outflows saw Ether price drop to under $3,680.

This extended the decline below the key support level of $4,000, although bulls hovered near $3,800 at the time of writing.

Crypto analyst Lark Davis said Ethereum is poised at a make-or-break level.

Ethereum pulling back into a key zone here.

Price is testing the weekly 20 EMA — lined up perfectly with horizontal support and the 0.382 Fib.

Either this area holds and sends it back up, or we start eyeing the next leg lower toward the 0.618.

Decision time for $ETH. pic.twitter.com/JtdsBXsUNC

— Lark Davis (@TheCryptoLark) October 17, 2025

Elsewhere, XRP price fell more than 4% to lows of $2.20, well off key support of $2.50 and the psychologically important $3.00.

Ripple’s acquisition of treasury firm GTreasury and reported $1 billion raise for XRP could be key to bullish sentiment.

Solana, which traded around $182, had declined nearly 5% as it touched lows of $174 to inject fresh bearish sentiment below the critical $200 mark.

The market also saw BNB, one of the top performers in the past months, suffer more profit-taking as the price touched lows of $1,024. BNB hit its all-time high of $1,370 on Oct. 13.

Aave, Flare, Bitcoin Cash among top losers

As the top altcoins mirrored the BTC downturn, with losses on Wall Street catalyzing the dump, Aave, Aster, Flare and Bitcoin Cash emerged as some of the top losers on the day.

Notably, AAVE was down 13%, ASTER -10%, FLR -9.7% and BCH traded -8% to lead underperformers among the 100 largest coins by market cap.

Earlier in the day, Zcash fell below $190 amid a 20% dip before a slight rebound pushed ZEC above $216. The privacy coin’s value was 7% down in the past 24 hours.

Ethena, ZORA and Jito were among the top gainers, with Jito benefiting from bullish news related to a $50 million investment by a16z.

The post Crypto wrap: Bitcoin’s sharp fall drags Ethereum, XRP, Solana and BNB lower appeared first on CoinJournal.

• Zcash price dropped to the $190 support level.
• Macro headwinds also had Bitcoin falling to below $105,000 to trigger further bleeding across crypto.
• Analysts remain bullish despite the dip.

Zcash (ZEC) tumbled to lows of $190, with its double-digit declines reflecting widespread market unease.

Triggered by macroeconomic pressures, most coins plummeted to key levels, including Bitcoin, which retested the $105,500 area.

Crypto pullback and Zcash price today

Zcash, the privacy-focused cryptocurrency launched in 2016, experienced a sharp decline on Friday.

The token dipped to support around the $190 mark as a broader crypto market retracement ensued to see total market liquidations surpass $1 billion.

ZEC, one of the outperformers in recent weeks, fell below the key support level of $200.

Moreover, the price declines are accompanied by rising trading volume to reinforce the profit taking.

Per CoinMarketCap, the daily trading volume for the privacy-focused coin has jumped 26% to over $742 million.

Meanwhile, the price has fallen nearly 20% in the same time frame.

Zcash has climbed 260% over the past month, outperforming nearly all of the top 100 cryptocurrencies by market capitalisation.

The market-wide pullback reflects broader macroeconomic factors, including renewed tensions in the US-China trade dispute and the ongoing US government shutdown.

Investors who had recently entered Zcash appear to be taking profits after a strong rally fueled by optimism surrounding its zero-knowledge proof technology.

Zcash has seen a notable surge in institutional interest in recent weeks.

Grayscale’s Zcash Trust has been a key driver, with assets under management exceeding $92 million — a signal of rising adoption.

The trust allows traditional investors to gain exposure to ZEC, one of the leading privacy coins, without the operational complexities of holding the asset directly.

ZEC price forecast

Major declines across the market came as investors, spooked by the latest news from US regional banks, exited positions.

Specifically, reports on Friday indicated that two US regional banks have hit the rocks with bad loans.

Jitters around banking sector risks saw a sharp dump for bank stocks cascade into futures trading on Wall Street.

A slip for the S&P 500 and the Nasdaq also sent crypto nosediving.

But Bitcoin’s drop could allow some capital rotation to revive ZEC price, one analyst pointed out on X.

Correlation among shielded transactions adoption gives this strength.

Bitcoin dropped $500B.

Zcash dropped $1.6B.

What are the chances a slice of that $500B lost in Bitcoin rotates back into $ZEC, as shielded Zcash emerges as Encrypted Bitcoin?$ZEC what’s next? pic.twitter.com/5ijKj430c7

— Michelangelo.zec ⓩ🛡️ (@BTCTurtle) October 17, 2025

Market analysts point to overbought conditions in the short term.

A look at the Relative Strength Index (RSI) shows a dip into oversold territory, which means a potential reversal.

Overall, while the $190 mark signals a key demand zone, the $240 mark represents a crucial hurdle.

ZEC price reached highs of $295 earlier in the month.

The post Zcash price drops to $190 amid broader crypto pullback appeared first on CoinJournal.

• Aster price fell 20% to near $1 as sell-off pressure hit altcoins
• The altcoin touched its all-time high of $2.42 in September, but has declined amid broader selling.
• Altcoins are dumping as Bitcoin slips to under $106,000.

Aster (ASTER)’s parabolic gains in recent weeks are quickly fading in the rearview mirror as cryptocurrencies plummet.

The decentralized exchange’s governance token fell nearly 20% to inch closer to the $1 support level, with bulls succumbing to broader sell-off dynamics.

Aster has erased significant gains, and broader risks could see bears take control.

Aster price extends decline amid 20% dip

With crypto in red early Friday, Aster’s price plunged  20% to hit lows of $1.08 across major exchanges and trading platforms. 

Having changed hands above $1.36, the double-digit declines over the past 24 hours meant ASTER ranked among the top losers alongside Zcash, Mantle, SPX6900 and Morpho. 

Aster’s sharp downturn extends a multi-day decline since bulls failed to hold onto gains near $1.60.

The token had surged to the mark after bouncing off lows seen during the crypto crash on October 10.

In the past week, Aster’s price has fallen more than 32%, as profit-taking and broader macroeconomic pressures weighed on sentiment.

The next-generation decentralized perpetuals and spot exchange, built on the BNB Chain, had previously drawn significant attention from investors and traders alike.

Aster’s rapid rise had been bolstered by recent listings on major platforms such as Robinhood and Binance, which helped fuel earlier momentum.

However, the euphoria looks to be dissipating as sell-off pressure across cryptocurrencies mounts.

Bitcoin dipped below $105,000  early Friday. As bears touched lows of $104,597 after a 4% drop in the last 24 hours, top altcoins plummeted. 

Ethereum, Solana and XRP all dipped to or below key support levels, intensifying the bloodbath.

What next as Aster revisits $1 level?

Currently, Aster’s price flirts with the $1 psychological threshold.

This is a key level that bulls have to defend to avoid giving up further ground.

Prices, as the chart below shows, have recently consolidated above the critical mark.

However, the sharp decline and breakdown from a descending triangle pattern mean bulls are at risk of more pain.

The token’s all-time high of $2.42 on September 24 is well off.

Nonetheless, technical indicators such as the Relative Strength Index (RSI) on the daily put ASTER in oversold territory.

What this suggests is that exhausted selling could allow bulls to target a rebound. 

Any downward pressure could nonetheless see the support at $1.00 collapse.

The post Aster price tanks 20% as sell-off pressure hits altcoins appeared first on CoinJournal.