Crypto wrap: Bitcoin’s sharp fall drags Ethereum, XRP, Solana and BNB decrease

• Bitcoin slides beneath $104K as crypto sell-off deepens.
• $1B in crypto liquidations hit merchants inside 24 hours.
• Aave, Flare, BCH sink; Jito jumps on a16z funding.

The cryptocurrency market has prolonged its unstable week with a broad sell-off, erasing positive factors from earlier within the interval amid Bitcoin’s droop to underneath $104,000.

In the meantime, the worldwide cryptocurrency market capitalization dropped by greater than 3% to $3.5 trillion – earlier than a slight restoration as Bitcoin reclaimed the $107,000 stage.

CoinGlass knowledge confirmed the worldwide crypto liquidations jumped to over $1.04 billion in 24 hours, with longs struggling essentially the most ache.

Open curiosity was down 3.8% to $150 billion as Ethereum, XRP, Solana, and BNB all retested, and in some instances, dropped beneath key ranges.

Bitcoin slumps to $103,598

Bitcoin led the market’s steep drop on Friday, October 17, 2025. Whereas the sharp decline was not as bloody because the annihilation seen on Oct. 10, the autumn to lows of $103,500 marked one other huge swing for BTC.

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

Nonetheless, the droop injected contemporary fears right into a market that witnessed a historic $19 billion liquidation occasion per week prior.

Notably, Bitcoin’s dump got here amid investor jitters throughout Wall Road following unhealthy loans information from two US regional banks.

A spooked market reacted decrease, and BitMEX co-founder Arthur Hayes shared his view on what that might imply.

$BTC on sale. If this US regional banking wobble grows to a disaster be prepared for a 2023-like bailout. After which buy groceries assuming you may have spare capital. I bought my listing, 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 vary of $109,260 and $103,598. Nonetheless, the rot was widespread and Ethereum, XRP, Solana and BNB all shed a good portion of current positive factors.

Particularly, Bitcoin’s woes that aligned with main ETF outflows noticed Ether value drop to underneath $3,680.

This prolonged the decline beneath the important thing help stage of $4,000, though bulls hovered close to $3,800 on the time of writing.

Crypto analyst Lark Davis mentioned Ethereum is poised at a make-or-break stage.

Ethereum pulling again right into a key zone right here.

Worth is testing the weekly 20 EMA — lined up completely with horizontal help and the 0.382 Fib.

Both this space holds and sends it again up, or we begin eyeing the following leg decrease towards the 0.618.

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

— Lark Davis (@TheCryptoLark) October 17, 2025

Elsewhere, XRP value fell greater than 4% to lows of $2.20, properly off key help of $2.50 and the psychologically vital $3.00.

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

Solana, which traded round $182, had declined practically 5% because it touched lows of $174 to inject contemporary bearish sentiment beneath the essential $200 mark.

The market additionally noticed BNB, one of many high performers prior to now months, endure extra profit-taking as the value touched lows of $1,024. BNB hit its all-time excessive of $1,370 on Oct. 13.

Aave, Flare, Bitcoin Money amongst high losers

As the highest altcoins mirrored the BTC downturn, with losses on Wall Road catalyzing the dump, Aave, Aster, Flare and Bitcoin Money emerged as among the high losers on the day.

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

Earlier within the day, Zcash fell beneath $190 amid a 20% dip earlier than a slight rebound pushed ZEC above $216. The privateness coin’s worth was 7% down prior to now 24 hours.

Ethena, ZORA and Jito had been among the many high gainers, with Jito benefiting from bullish information associated to a $50 million funding by a16z.

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