Finanzmittel Info + Krypto + Geld + Gold

• Bitcoin price has dropped below $106,000 as bearish pressure sends cryptocurrencies plummeting.
• Ethereum, Solana, XRP and BNB have tanked below key levels.
• Macro headwinds impacting equities also led to a decline in crypto prices today.

As global markets heave amid selloff pressure, major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are trading near pivotal support levels.

A similar outlook prevails across the rest of the crypto market, with a few coins experiencing double-digit losses over the past 24 hours.

Why is the crypto market down today?

The cryptocurrency market’s downturn on October 17 stems primarily from escalating US-China trade frictions.

In the past few days, events around the two trading partners have injected significant uncertainty into global risk assets.

President Donald Trump’s renewed threats of 100% tariffs on Chinese technology exports reverberated through financial corridors.

It prompted a broad sell-off that began on October 10 and persists today.

This policy escalation, aimed at curbing China’s dominance in rare earth minerals and semiconductors, has amplified fears of retaliatory measures, inflationary pressures, and supply chain disruption.

Together, these factors have disproportionately impacted high-volatility sectors like crypto.

Adding to the macro headwinds, on top of the market witnessing over $19 billion in liquidations across leveraged positions last Friday, is the continued profit taking.

Low liquidity during Asian trading hours today has exacerbated the rot.

Institutional sentiment souring as US spot Bitcoin and Ethereum ETFs record significant net outflows adds to the weakness.

Analysts note that while the Federal Reserve’s anticipated rate cut at the October 28-29 FOMC meeting could provide a counterbalance, short-term volatility remains elevated due to the absence of positive catalysts.

Crypto ETF hype around major altcoins has also cooled.

Overall, the total crypto market capitalisation has contracted by 4.6% to $3.58 trillion.

Nearly all of the top 100 coins are in the red as risk-off sentiment spills over from equities.

Meanwhile, Coinglass data shows that over $1.01 billion has been wiped off the market in terms of 24-hour liquidations.

Bitcoin struggles below $106k

Bitcoin, the bellwether of the crypto ecosystem, has mounted a fierce but futile defence against gravity.

After a brief rebound to above $115k, BTC has dropped to under $106,000.

Bears reached lows of $105,918 in early trades on Friday, and despite bulls’ efforts, the benchmark digital asset is trading at $105,906 at the time of writing.

Bitcoin is thus firmly below the psychological mark of $110,000.

The US-China rhetoric and other factors risk pushing BTC lower. Immediate support is likely in the $103,000-$100,000 zone.

Ethereum, XRP, and SOL dip below key levels

As Bitcoin struggles below $110k, Ethereum has fared no better.

The top altcoin has plummeted 3.5% to $3,780 in the past 24 hours.

That means the Ethereum price is well below the $4,000 support level.

This dip has cascaded across the broader altcoin market.

Weakness in ETH also reflects in Solana, XRP and BNB among other altcoins.

XRP’s price hovers below the critical $3.00 mark as sellers push bulls to lows of $2.24.

Meanwhile,  Solana has cratered to below $200 to trade around $178 as bears target further strengthening.

As the market grapples with the downturn, BNB has retreated to near $1,000, and Dogecoin has slipped 9% to $0.17.

The post Crypto market update: Bitcoin dips below $106k, ETH, XRP, SOL risk key levels appeared first on CoinJournal.

• Daylight Energy secures $75M to grow its decentralized physical energy network.
• Framework Ventures leads funding; A16z Crypto, Coinbase Ventures join in.
• New DayFi protocol links energy infrastructure yields to DeFi investors.

Daylight Energy has raised $75 million in new funding to accelerate the growth of its decentralized energy network, marking a major milestone for the startup as it aims to bring blockchain-based innovation to the physical energy infrastructure sector.

The round combines both equity and project finance capital, underscoring growing investor interest in decentralized physical infrastructure networks (DePIN).

Funding structure and investor participation

The $75 million round includes $15 million in equity and $60 million in non-recourse project finance capital, which is secured directly against infrastructure assets, according to CEO Jason Badeaux.

This type of financing structure allows repayment from the project’s own cash flows rather than relying on the company’s balance sheet.

Framework Ventures led the $15 million equity raise, joined by several notable venture backers including A16z Crypto, Lerer Hippeau, M13, Room40 Ventures, EV3, Crucible Capital, Coinbase Ventures, and Not Boring Capital.

The project finance portion was led by Turtle Hill Capital, according to a company statement.

Daylight plans to use the new capital to advance its position in the DePIN ecosystem, particularly focusing on decentralized energy distribution.

The company previously raised $9 million in Series A funding in 2023, also led by A16z Crypto, which has remained one of its core supporters.

Expanding the DePIN vision in energy

Founded in 2022, Daylight Energy is developing a decentralized protocol that enables users to connect their energy devices—such as thermostats, batteries, electric vehicles, and solar inverters—to its application.

In return, participants earn rewards for contributing to the network’s distributed infrastructure.

The concept builds on the growing DePIN movement, which seeks to decentralize ownership and control of physical assets like telecommunications, storage, and energy infrastructure through blockchain technology.

“To build the largest decentralized energy network in the world, you need to incentivize behavior change to adopt distributed energy and catalyze a huge amount of capital behind it,” Badeaux said. “Crypto is uniquely good at doing those two things and creates opportunities to align incentives, drive down costs, and rebuild this industry on a foundation of transparency, ownership, and shared economic upside.”

Daylight’s mission aligns with a broader industry push toward democratized access to clean energy generation and participation in its value chain.

By merging blockchain incentives with real-world energy systems, the firm aims to reduce barriers to decentralized adoption.

Introducing DayFi: a bridge between energy and DeFi

Alongside the new funding, Daylight announced DayFi, a yield protocol designed to open the energy infrastructure market to decentralized finance (DeFi) investors.

The protocol will allow users to earn returns directly tied to electricity revenues generated from Daylight’s growing portfolio of solar and storage assets.

This move effectively bridges renewable energy and DeFi, offering investors exposure to real-world energy production within a blockchain-native framework.

Daylight was co-founded by Jason Badeaux, Udit Patel, and Evan Caron, all veterans of the traditional energy sector.

The team’s combined experience and backing from prominent venture firms position Daylight as one of the leading players exploring how blockchain can reshape physical infrastructure markets.

With the new financing secured, Daylight Energy is poised to expand its decentralized network footprint and further integrate energy production, distribution, and financing into a transparent, tokenized ecosystem.

The post Daylight Energy raises $75M to expand decentralized energy infrastructure network appeared first on CoinJournal.