\n<\/p>\n
It has been a highly eventful, volatile, and mostly painful week for the cryptocurrency markets that started hours after our previous market update last Friday.<\/p>\n
At the time, BTC had retraced slightly since its ATH marked just days earlier, but was still holding strong above $120,000. However, US President Trump threatened China with a new wave of tariffs after saying its authorities had been lying, which sent shockwaves through the market. BTC dumped immediately to under $117,000, which opened the gates of leveraged hell to take place.<\/p>\n
The cascading effects of overleveraged positions getting forcefully closed resulted<\/a> in a $19 billion wipeout and a massive BTC plunge to $101,000 (on Binance and a few more exchanges). The altcoins were smashed even harder, with losses of up to 99% in some extreme cases.<\/p>\n The dust settled during the weekend, especially after reports that the tension between the two superpowers had de-escalated. Bitcoin even went on the offensive and jumped to $116,000 mid-week, where it faced an immediate rejection. Although the $110,000 support held at first, the bears continued to pressure the asset. It gave in yesterday when Trump met with Russia’s Putin, with a price drop<\/a> to $108,500.<\/p>\n The landscape worsened over the past day, once again on another bloody Friday. BTC initiated<\/a> another leg down that drove it south to just under<\/a> $104,000. There was a brief bounce off to over $106,000 after Trump said<\/a> the tariffs on China won’t stand, but that momentum has faded, and BTC is back at around $105,000 as of press time.<\/p>\n This puts its weekly losses at over 13%. While this might sound painful, because it is, the situation with many altcoins is a lot worse, with massive losses from the likes of DOGE (-27%), ADA (-25%), LINK (-27%), XLM (-22%), HYPE (-21.5%), and many others.<\/p>\n Market Cap: $3.650T | 24H Vol: $273B | BTC Dominance: 57.3%<\/p>\n BTC: $105,000 (-13.6%) | ETH: $3,770 (-13.4%) | XRP: $2.27 (-19.5%)<\/p>\n Extreme Fear Creeps Back Into the Crypto Market as Bitcoin Tanks by $20K in Days<\/strong>. The overall market sentiment has changed a lot in the span of just over a week, which is seen by the Fear and Greed Index. The metric was above 60 last week, which showed a state of greed, but it tumbled<\/a> to multi-month lows of under 25 after the most recent correction.<\/p>\n Ripple Labs Reportedly Leading $1B Fundraise for XRP Treasury<\/strong>. In times where different companies are ramping up efforts to accumulate BTC, ETH, and a few other altcoins, Ripple Labs has reportedly<\/a> began an initiative that will allow it to raise $1 billion through a SPAC to create a digital asset treasury focused on accumulating its own token, XRP.<\/p>\n Nearly All ETH Held by Companies Was Purchased in Past Quarter Alone<\/strong>. Speaking of altcoins that have became the center of DAT accumulation, data emerged this week indicating that almost all of the ETH purchased by such companies has been accumulated<\/a> in Q3 2025.<\/p>\n Was Last Week\u2019s Deleveraging Event a Necessary Reset for The Bitcoin Market? Glassnode Weighs In<\/strong>. Last Friday’s meltdown had a profound impact on the entire crypto industry, with multiple expers and observers rushing to offer their opinion on why it happened and what’s next. Glassnode, for instance, said<\/a> it was a necessary reset due to the extremely high leveraged used by some traders.<\/p>\n October 10 Crash Exaggerated? Real Crypto Losses Just $2.31B (Analyst)<\/strong>. According to another report, the massive figures of $19 billion in liquidations during last week’s crash were highly exaggerated. It claimed<\/a> that the actual value was just over $2.3 billion.<\/p>\n Peter Schiff Dismisses BTC\u2019s \u2018Digital Gold\u2019 Status Following Recent Crash<\/strong>. As we know, Peter Schiff uses every possible opportunity to criticize BTC, and the crash from over $122,000 to under $105,000 allowed him to do so once again. In his latest bashing fest, the economist said<\/a> this price correction invalidated BTC’s status as digital gold.<\/p>\n The post Bitcoin Sinks by 13%, Altcoins Get Battered as Trump Meets Putin, Zelenskiy: Your Weekly Crypto Recap<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\nMarket Data<\/h2>\n
This Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"It has been a highly eventful, volatile, and mostly painful week for the cryptocurrency markets that started hours…\n","protected":false},"author":2,"featured_media":36969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-36968","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/36968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36968"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/36968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/36969"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>Weekly Market Overview: Source: QuantifyCrypto<\/figcaption><\/figure>\nMarket Cap: $3.650T | 24H Vol: $273B | BTC Dominance: 57.3%<\/p>\nBTC: $105,000 (-13.6%) | ETH: $3,770 (-13.4%) | XRP: $2.27 (-19.5%)<\/p>\nThis Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\nExtreme Fear Creeps Back Into the Crypto Market as Bitcoin Tanks by $20K in Days<\/strong>. The overall market sentiment has changed a lot in the span of just over a week, which is seen by the Fear and Greed Index. The metric was above 60 last week, which showed a state of greed, but it tumbled<\/a> to multi-month lows of under 25 after the most recent correction.<\/p>\nRipple Labs Reportedly Leading $1B Fundraise for XRP Treasury<\/strong>. In times where different companies are ramping up efforts to accumulate BTC, ETH, and a few other altcoins, Ripple Labs has reportedly<\/a> began an initiative that will allow it to raise $1 billion through a SPAC to create a digital asset treasury focused on accumulating its own token, XRP.<\/p>\nNearly All ETH Held by Companies Was Purchased in Past Quarter Alone<\/strong>. Speaking of altcoins that have became the center of DAT accumulation, data emerged this week indicating that almost all of the ETH purchased by such companies has been accumulated<\/a> in Q3 2025.<\/p>\nWas Last Week\u2019s Deleveraging Event a Necessary Reset for The Bitcoin Market? Glassnode Weighs In<\/strong>. Last Friday’s meltdown had a profound impact on the entire crypto industry, with multiple expers and observers rushing to offer their opinion on why it happened and what’s next. Glassnode, for instance, said<\/a> it was a necessary reset due to the extremely high leveraged used by some traders.<\/p>\nOctober 10 Crash Exaggerated? Real Crypto Losses Just $2.31B (Analyst)<\/strong>. According to another report, the massive figures of $19 billion in liquidations during last week’s crash were highly exaggerated. It claimed<\/a> that the actual value was just over $2.3 billion.<\/p>\nPeter Schiff Dismisses BTC\u2019s \u2018Digital Gold\u2019 Status Following Recent Crash<\/strong>. As we know, Peter Schiff uses every possible opportunity to criticize BTC, and the crash from over $122,000 to under $105,000 allowed him to do so once again. In his latest bashing fest, the economist said<\/a> this price correction invalidated BTC’s status as digital gold.<\/p>\nThe post Bitcoin Sinks by 13%, Altcoins Get Battered as Trump Meets Putin, Zelenskiy: Your Weekly Crypto Recap<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\nSource link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"It has been a highly eventful, volatile, and mostly painful week for the cryptocurrency markets that started hours…\n","protected":false},"author":2,"featured_media":36969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-36968","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/36968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36968"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/36968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/36969"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-17-161749.png\"){kind=link}