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Why Is Crypto Down Today? – October 10, 2025
Yahoo Finance·2025-10-10 11:00

Market Overview - The cryptocurrency market capitalization has decreased by 0.8%, now at $4.23 trillion, with 75 of the top 100 coins experiencing price drops over the past 24 hours [1][2] - Total crypto trading volume is reported at $206 billion, which is higher than the previous few days [1] Price Movements - Bitcoin (BTC) has fallen by 0.5%, currently trading at $121,142, while Ethereum (ETH) has decreased by 1.9% to $4,332 [2][3] - Among the top 100 coins, the highest drop was recorded by Mantle (MNT) at 17.3%, now trading at $2.22, while Dogecoin (DOGE) is the only gainer, appreciating by 0.5% to $0.2481 [4] Market Sentiment and Volatility - Market sentiment remains mostly unchanged within the neutral zone, with many institutional participants maintaining exposure but avoiding significant portfolio expansion [2] - Increased anticipation of significant price movements is noted, with implied volatilities for Bitcoin reaching their highest levels in 30 days, driven by expectations of a 25 basis point rate cut by the US Federal Reserve [5] - A potential upward push in Bitcoin could trigger liquidations of short positions, possibly propelling BTC back toward $125,000 and beyond [5]