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Crypto crash liquidates another $1bn as market bears ‘macro stress’
Yahoo Finance· 2025-10-17 10:24
Crypto markets sank again on Friday morning, with $1.2 billion in leveraged positions liquidated. Bitcoin exchange-traded funds saw outflows of over $500 million the day prior, while users on Binance pulled $185 million off the exchange. “Bitcoin’s recent drop is largely driven by macro stress, ”Illia Otychenko, lead analyst at the CEX.IO exchange, told DL News. Global trade tensions, the US government shutdown in Washington, and continuous outflows from Bitcoin ETFs have all created a “risk-off” enviro ...
BitMine Co-Founder Tom Lee Says Staking Coming Soon, Claims Ethereum Founders Shooting For Wall Street
Yahoo Finance· 2025-10-17 10:02
BitMine Co-Founder Tom Lee said its Ethereum staking solution is coming soon. | Credit: CCN. Key Takeaways BitMine is preparing to roll out its own Ethereum staking solution. Ethereum’s founders are coordinating upgrades aimed at making the network more accessible for Wall Street firms, Lee said. While BitMine continues to pursue its goal of owning 5% of all ETH, Lee dismissed concerns about centralization. BitMine Co-Founder and CEO Tom Lee has revealed that the digital asset treasury (DAT) firm ...
Bitcoin's Plunge Below $105,000 Sends Crypto Market Cap to Lowest Level Since July
Yahoo Finance· 2025-10-17 09:59
The cryptocurrency market extended its losses on Thursday, as Bitcoin’s renewed sell-off triggered a new wave of liquidations, pushing major altcoins to multi-week lows. The downturn was led by Bitcoin, which fell 5.6% over the past 24 hours to an intraday low of $104,853, according to CoinGecko data. The slide dragged the total crypto market capitalization down by 5.9% to $3.64 trillion, its lowest level since July, according to CoinGecko data. The sell-off appears to have been sparked by a flight to s ...
Crypto Frozen in Fear, F&G Index Drops 42 Points in A Week, Is Another Price Crash Imminent?
Yahoo Finance· 2025-10-17 09:35
The crypto market has entered a deep state of fear, with sentiment collapsing sharply over the past week. Key Takeaways: Crypto sentiment plunged into Extreme Fear, with Alternative.me’s index dropping to 22. Bitcoin struggled near $110,000 amid renewed US–China trade tensions. Long-term holders sold 265,700 BTC in the past month, while overleveraged traders faced $418 million in liquidations. According to Alternative.me’s Fear & Greed Index, market sentiment fell to 22, Extreme Fear, down from 64 ...
X @Crypto Rover
Crypto Rover· 2025-10-17 09:34
💥BREAKING:🇫🇷 FRENCH AUTHORITIES LAUNCH MONEY-LAUNDERING CHECKS ON BINANCE AND OTHER CRYPTO FIRMS. https://t.co/mbS6eB2chq ...
Extreme Fear Grips Crypto: What a 22 Fear & Greed Score Tells About Bitcoin’s Next Move
Yahoo Finance· 2025-10-17 09:26
Photo by BeInCrypto On October 17, 2025, the Crypto Fear & Greed Index plunged to 22 points, marking a state of “extreme fear” - the lowest level since April. What could this mean for the market? Historical data and analysts’ insights offer clues to the answer. Is October the Time to Be Greedy When Others Are Fearful? The Fear & Greed Index is calculated based on several factors: price volatility (25%), market momentum/trading volume (25%), social media sentiment (15%), surveys (15%), Bitcoin dominance ( ...
Gold Knocks Bitcoin by Becoming $30 Trillion Asset, Is “Uptober’” Rally Over?
Yahoo Finance· 2025-10-17 08:51
Core Insights - Gold has outperformed Bitcoin as a reserve asset, reaching new highs above $4,350 per ounce and achieving a valuation of $30 trillion, surpassing Nvidia by $25 trillion [1][2][3] - Bitcoin's price has decreased by 3% today, falling below $108,000, amid renewed U.S.-China trade tensions [1][5] - The demand for gold is at an all-time high, with a 60% increase in value in 2025, while Bitcoin faces selling pressure due to macroeconomic uncertainties [2][3] Gold's Performance - Gold has added over $11 trillion in value this year, reinforcing its status as a safe-haven asset during global economic uncertainty [3] - The current trading price of gold is $4,358 per ounce, reflecting strong demand [2] Bitcoin's Challenges - The imposition of 100% tariffs on China has negatively impacted Bitcoin and the broader crypto market, leading to a decline in prices [4][5] - Bitcoin has experienced a 13% drop so far this month, with potential for a further 30% correction, which could bring prices down to $90,000 [6] Market Dynamics - On-chain data indicates a decline in exchange reserves and an increase in stablecoin liquidity, which historically precedes late-month surges in Bitcoin prices [7]
[LIVE] Crypto News Today, October 17 – After Trump’s Speech, Crypto Market Crashes Further: Gold Price Hits ATH, Bitcoin Falls to $104K, ETH Below $3.7K — Is This the Best Crypto to Buy Opportunity?
Yahoo Finance· 2025-10-17 08:38
Market Overview - The crypto market experienced a decline, with total market capitalization falling 4.67% to $3.61 trillion, influenced by global uncertainty stemming from trade tensions between the U.S. and China [2][5] - Bitcoin traded near $104,900, down 5.3% in 24 hours and 12.18% over the week, while Ethereum slipped below $3,700, and other cryptocurrencies like Solana and Cardano declined between 7% and 9% [2] Investor Sentiment - The Crypto Fear & Greed Index dropped to 28, indicating a state of "Fear" among investors, while the average crypto RSI of 35.88 suggests oversold conditions across major assets [2] - Traders are questioning whether the current market correction presents a buying opportunity for cryptocurrencies before year-end [1] Gold Market Dynamics - Gold prices surged 3% to $4,380 per ounce, continuing a record-breaking rally as investors shifted towards safe-haven assets amid escalating U.S.-China trade tensions [3][4] - Gold has gained over 60% in 2025, driven by geopolitical uncertainty, expectations of Federal Reserve rate cuts, and strong central bank demand [4] ETF Market Activity - U.S. spot Bitcoin ETFs reported $536 million in net outflows on October 16, marking the largest single-day withdrawal since August, with no funds recording inflows [7] - Spot Ethereum ETFs saw $56.88 million in outflows, with only BlackRock's ETHA posting a small inflow [7]
Bain Capital, Apollo pile in as crypto companies raise $2.5bn in October
Yahoo Finance· 2025-10-17 07:53
Twenty-seven crypto companies raised over $2.5 billion in October, according to DefiLlama data. That brings the total funding for crypto companies to over $19 billion so far in 2025, outpacing 2024’s total by over $9 billion. And analysts say investment in the space is just heating up. PitchBook predicted that the industry will raise $18 billion this year. Investors from Galaxy Ventures and Codebase expect it to go even higher and that investors will plough over $25 billion into the industry in 2025. ...
Bitcoin Slips Below 200-day SMA as 10-Year Treasury Yield Hits Lowest Since April
Yahoo Finance· 2025-10-17 07:10
Bitcoin (BTC) continued to lose ground Friday, falling below a key average as risk stayed on the defensive, driving Treasury yields to multi-month lows. The leading cryptocurrency by market value fell below its 200-day simple moving average of around $107,500, extending losses to $106,900, CoinDesk data show. Prices were down 7% for the week, following the past week's 6.5% drop. Other tokens such as XRP, SOL and ETH also extended losses, taking their respective weekly declines to 9% to 12%. BTC's losses ...