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  • Bitcoin climbs to $111K as a pardon for Binance’s ‘CZ’ fuels a broad crypto rally

    Bitcoin climbs to $111K as a pardon for Binance’s ‘CZ’ fuels a broad crypto rally

    Bitcoin climbs to $111K as a pardon for Binance's 'CZ' fuels a broad crypto rally

    • The crypto market is rallying, with Bitcoin climbing 2.7 percent to over $110,700.
    • The rally was fueled by a presidential pardon for the Binance founder “CZ.”
    • The pardon for Changpeng Zhao sent the price of BNB soaring by over 5 percent.

    The cryptocurrency market was firmly in rally mode on Thursday, with Bitcoin climbing back toward $111,000 in a powerful rebound that was fueled by sizable gains in the US stock market and a stunning presidential pardon for the founder of the crypto exchange Binance, Changpeng “CZ” Zhao.

    The broad-based rally marks another day of sharp, back-and-forth price action in a market that has been defined by extreme volatility in recent weeks.

    A presidential pardon sparks a relief rally

    The primary catalyst for the market’s improved tone was the unexpected news of President Trump’s pardon for the Binance founder.

    The move, which suggests a continuing friendly regulatory environment for the crypto industry in the US, had an immediate and powerful impact.

    The price of BNB, the native token of the Binance ecosystem, surged by more than 5 percent on the news.

    The positive sentiment spread across the broader crypto sector, with Bitcoin rising 2.7 percent over the past 24 hours to $110,700, and other major tokens like Ether, DOGE, and ADA all posting gains in the 2 to 3 percent range.

    Crypto-related stocks, which had suffered heavy losses in Wednesday’s sell-off, also bounced back strongly, with the Bitcoin miner Hut 8 climbing 7.3 percent after tumbling 17 percent in the previous session.

    A classic whipsaw pattern continues

    The powerful rebound comes just one day after a sharp decline that had pushed Bitcoin’s price below $107,000.

    That drop, in turn, had followed a steep rise on Tuesday that had seen the leading cryptocurrency climb as high as $114,000.

    This volatile, back-and-forth action is a classic whipsaw pattern, a market condition that often punishes traders who try to chase the trend.

    All eyes on a pivotal inflation report

    With the pardon now digested, the market’s focus is turning to the next major potential catalyst: the US government’s September Consumer Price Index (CPI) report, which is still set to be released on Friday morning despite the ongoing government shutdown.

    This will likely be the last piece of important economic data that the Federal Reserve will see before its crucial rate-setting meeting next week.

    The market is currently in full expectation of a 25-basis-point cut at that meeting, with another quarter-point reduction priced in for the final meeting of the year in December.

    The CPI report will be the final and most important test of that conviction.

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  • Crypto update: Bitcoin and Ethereum are stable as market’s focus shifts to US inflation data

    Crypto update: Bitcoin and Ethereum are stable as market’s focus shifts to US inflation data

    Crypto update: Bitcoin and Ethereum are stable as market's focus shifts to US inflation data

    • Crypto markets have entered a holding pattern, with Bitcoin near $108,164.
    • Traders are awaiting a key US inflation (CPI) report due out on Friday.
    • Hopes are rising for a de-escalation in the US-China trade war.

    Cryptocurrency markets have entered a midweek holding pattern, with prices for Bitcoin and other major digital assets remaining relatively flat as traders brace for a pivotal US inflation report and look for signs of a de-escalation in the US-China trade dispute.

    Bitcoin is trading around $108,164, up slightly from Monday but still down 2% for the week. Ether is changing hands near $3,815.

    The stabilization reflects what the analytics firm QCP Capital has described as a “narrow-range equilibrium,” a period of calm before a potential storm.

    A singular focus on the US inflation report

    The market’s primary focus is now firmly on Friday’s Consumer Price Index (CPI) report, the only major US economic data release not delayed by the ongoing government shutdown.

    In a recent note, QCP said the CPI is the “singular anchor” for policy expectations and broader risk sentiment.

    A softer-than-expected reading, the firm noted, could “re-anchor the soft-landing trade” and provide support for Bitcoin as expectations for looser monetary policy improve.

    Hopes are rising for a US-China détente

    Adding to the market’s complex picture are the shifting dynamics of the US-China trade war.

    Sentiment has improved after a weekend of whiplash, in which President Trump first threatened a massive new wave of tariffs only to later soften his stance, stating that “the USA wants to help China, not hurt it.” 

    This has led prediction markets to re-evaluate the risks. Traders on Polymarket now assign a 77% probability that a tariff agreement will be reached by November 10, while the odds of Trump’s threatened 100% tariffs taking effect have fallen to just 16 percent.

    A cleaner slate after a brutal liquidation flush

    This fragile calm comes just days after a brutal market-wide sell-off that saw nearly $20 billion in leveraged positions liquidated.

    That massive flush has reset the market, creating a cleaner slate for macro traders as they head into the crucial CPI event.

    The key question now is whether the “soft landing” narrative will be confirmed by Friday’s inflation data, or if the volatility that has defined the market in recent weeks will be reignited.

    What to watch in the markets

    For Bitcoin, analysts at Standard Chartered have noted that while sellers are limiting any immediate breakout potential, a dip below $100,000 could represent a “last chance to buy” before the next major leg higher.

    For Ethereum, the picture is more divided.

    A recent $650 million transfer by the Ethereum Foundation triggered a wave of profit-taking and liquidations, leaving analysts split between a potential breakout toward $5,000 and a possible slide toward $2,850 if the key support level at $3,470 fails to hold.

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  • Mantle (MNT) kicks off 5-month global hackathon with $150K in rewards

    Mantle (MNT) kicks off 5-month global hackathon with $150K in rewards

    Mantle (MNT) kicks off 5-month global hackathon with $150K in rewards

    • The event is open to everyone, from startup teams to solo creators.
    • The hackathon runs until February 7, 2026.
    • Winning participants will enjoy a $150,000 prize pool.

    Blockchain network Mantle has officially opened its first-ever global hackathon, inviting creators and developers to build innovative blockchain solutions in a five-month online competition.

    The event has started today, October 22, and will run until February 7 next year, and offers up to $150,000 in incentives to winning projects.

    The hackathon is open to all enthusiasts globally, with renowned developer ecosystems HackQuest and OpenBuild offering tools, exposure to new projects, and mentorship.

    The event offers builders an opportunity to create practical innovations, and not hype-driven trends.

    Building to solve real-world problems

    Mantle has highlighted what it expects from participants of its hackathon: relevant products that tackle real user issues.

    Meanwhile, the evaluation procedure will prioritize five primary pillars, including scalability, product design, technical execution, Mante integration, and market potential.

    The Mantle team emphasized that successful entries should focus on market utility and not flashy demos.

    Indeed, this hackathon is a platform for serious builders and not short-term speculators. They said:

    Build what lasts, not just what trends. Focus on execution, usability, and real-world relevance. Most importantly, solve what users need.

    Meanwhile, participants have adequate time to design and shape their innovative projects.

    Registration and building start this month, with the winner announcement scheduled for February.

    Creators have the time to plan, test, and polish ideas before presenting their projects to the broader cryptocurrency community and judges.

    For context, the hackathon boasts a diverse judging panel comprising renowned figures in the blockchain world.

    The comprehensive list includes 0x Todd, Trustless State, Notaciccap, and multiple others with experience spanning venture capital, DeFi innovation, and product development.

    The massive judging team adds credibility to the event.

    Moreover, their experience signals high expectations as the panel boasts expertise in evaluating projects with real-world impact and creative innovations.

    Mantle and Bybit prioritize real-world solutions

    The five-month hackathon coincides with Mantle’s current alliance with centralized exchange Bybit, aimed at merging liquidity providers, real-world assets, and developers.

    The duo seeks to democratize the trillion-dollar industry of on-chain finance.

    The initiative reflects Mantle’s mission to expand beyond a blockchain network and create an international developer community to accelerate financial innovation.

    MNT price outlook

    Mantle’s native token mirrored broader sentiments today.

    MNT lost nearly 10% of its value over the past 24 hours to $1.64.

    The faded daily trading volumes indicate trader disinterest in the tokens, as bears rattle the cryptocurrency landscape.

    The value of all digital tokens plunged by 5% the past 24 hours to $3.65 trillion due to factors like tariff tensions.

    Nevertheless, analysts remain confident, predicting massive rebounds in Q4 and into 2026.

    Meanwhile, the ongoing hackathon could boost MNT’s utility and volumes in the coming times, which could catalyze stable price performances.

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  • Crypto slump worsens as Bitcoin slips amid a broad market sell-off

    Crypto slump worsens as Bitcoin slips amid a broad market sell-off

    Crypto slump worsens as Bitcoin slips amid a broad market sell-off

    • The crypto market’s October slump has worsened, with a 3% drop.
    • Bitcoin slipped below $110,000 and Ethereum fell below $3,900.
    • The market has lost roughly $370 billion in value this month alone.

    The cryptocurrency market’s brutal October slump has worsened, with a fresh 3% drop sending Bitcoin below the key $110,000 level and dragging most major altcoins deep into the red.

    The broad-based drawdown is the latest chapter in one of the harshest months of the year for the digital asset space, as a potent combination of thinning institutional support, technical disruptions, and simmering macroeconomic tensions creates a powerful “risk-off” wave.

    The scale of the recent carnage is immense. The market has now erased roughly $370 billion in value this month alone, with as much as $19 billion in leveraged positions being liquidated.

    Futures open interest has also been decimated, with $65 billion wiped out, resetting market activity to the levels of early 2025.

    Institutional support thins as ETF outflows accelerate

    A key driver of the recent weakness has been a dramatic and worrying reversal in institutional sentiment.

    After months of powerful inflows, spot Bitcoin ETFs have become a source of intense selling pressure, posting a staggering $1.23 billion in weekly net outflows.

    This included a massive $366 million outflow on Friday alone, a move that removed a critical layer of buying support from an already fragile market.

    A perfect storm: an AWS outage and a SpaceX scare

    This fundamental weakness was compounded by a perfect storm of technical and psychological blows.

    A major outage at Amazon Web Services (AWS) disrupted access to a number of leading crypto venues, including the US giant Coinbase and several DeFi front-ends.

    The disruption widened spreads and accelerated forced liquidations, with over $240 million in long positions being wiped out in just 24 hours, a move that briefly pushed Bitcoin toward $107,500.

    Market nerves were frayed further after on-chain trackers flagged a large transfer of 2,395 BTC ($268 million) from a wallet associated with SpaceX.

    While analysts suggested the flows were likely internal custody reshuffles, the timing sparked a wave of “Is Musk selling?” headlines, adding another layer of fear to an already anxious market.

    What to watch next as the market hangs in the balance

    Technically, the market is now at a critical inflection point. Bitcoin is facing a thick layer of resistance between $112,000 and $115,500, with key support levels now sitting at $108,000 and $105,000.

    A decisive daily close back above the 50-day moving average (around $113,000) is needed to stabilize the market. Failure to do so keeps the psychological $100,000 zone firmly in play and raises the risk of a much deeper bearish phase.

    The near-term catalysts remain firmly in the macroeconomic arena, with the upcoming US CPI print and any fresh hints from the Federal Reserve on interest rates likely to be the next major market-moving events.

    For now, a battered and bruised crypto market is left to lick its wounds and wait for the storm to pass.

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  • Bitcoin holds steady as the market resets after a massive leverage flush

    Bitcoin holds steady as the market resets after a massive leverage flush

    Bitcoin holds steady as the market resets after a massive leverage flush

    • The crypto market is stabilizing after a sharp correction and a massive leverage flush.
    • Analysts see the move as a healthy reset, not a structural breakdown.
    • While speculators were purged, institutional money continues to accumulate.

    A fragile but significant calm has settled over the cryptocurrency market, as it begins the slow and painful process of healing from a brutal correction that has purged the speculative excess from the system.

    Bitcoin is holding steady, a quiet resilience that analysts believe is not a sign of weakness, but of a market that has undergone a healthy and necessary reset.

    As Asia begins its trading day, Bitcoin is hovering around $110,300 dollars, with Ethereum changing hands at $3,970.

    This newfound stability comes after a sharp and violent sell-off that had pushed Bitcoin as low as 104,000 dollars just last week.

    The great reset: A cleansing of speculative excess

    The key to understanding the market’s current state is to see the recent crash not as a catastrophic failure, but as a violent and necessary cleansing. In a recent market note, the analytics firm Glassnode described the move as a “flush, not a failure.” 

    The firm’s analysis shows that the speculative leverage that had been driving the market has been decisively unwound, futures open interest has fallen sharply, and traders have been realizing losses in a defensive normalization, not a full-blown capitulation.

    This view is echoed by other market observers who see a similar dynamic playing out in the world of capital formation.

    The market maker Enflux, in a note to CoinDesk, highlighted the news of Blockchain.com’s planned US SPAC listing as a “full-circle moment” for crypto exchanges, a sign that the industry is once again re-engaging with the public markets, but this time from a position of greater maturity.

    The quiet accumulators: The giants beneath the surface

    While the speculative layer of the market has been flushed out, a different and far more powerful story is unfolding beneath the surface.

    While retail traders were being liquidated, the institutional giants were quietly buying the dip.

    Enflux pointed to Tom Lee’s Bitmine allocating another $800 million to buy more ETH as an “infrastructure-scale commitment,” a clear and powerful sign that institutional money is not just staying, but is actively accumulating.

    This is the great divergence that now defines the market: the short-term speculators have been purged, while the long-term capital is quietly and methodically rebuilding the foundation.

    A new harmony in a chaotic world

    This reset is also reshaping the very narrative that governs the market. As Enflux noted, gold’s continued and stunning strength—surging to a new record of $4,380.89 an ounce—is no longer seen as a threat to Bitcoin, but as a complementary signal.

    It shows that in a world of deep macroeconomic and geopolitical uncertainty, digital assets now coexist with traditional hedges, a sign of a broader portfolio shift toward diversification, not abandonment.

    The market may be wounded, but it is also wiser, and a new, more resilient foundation is quietly being laid.

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  • Berachain rises as Greenlane launches $110M treasury strategy: can BERA extend the rally?

    Berachain rises as Greenlane launches $110M treasury strategy: can BERA extend the rally?

    Berachain BERA

    • Berachain price gained slightly amid news of a first BERA treasury strategy.
    • Greenlane Holdings bet not only fortifies its treasury playbook but may herald a wave of corporate adoption, boosting price.
    • The crypto industry is witnessing an explosion in digital asset treasuries.

    Berachain price rose as the broader crypto market signalled a slight bounce on Monday, October 20, 2025, with BERA’s 8% gain largely buoyed by the news that Nasdaq-listed Greenlane Holdings has raised $110 million with eyes on a BERA treasury strategy.

    With Berachain’s native token retesting the $2.15 mark amid this key institutional interest development, bulls are likely to target further upward moves. The altcoin gains alongside intraday outperformers like Bio Protocol and Helium.

    Greenlane eyes first BERA token treasury

    Digital asset treasuries, or DATs, are growing in traction as traditional finance companies increasingly embrace cryptocurrencies.

    Tokens such as Ethereum, Ripple’s XRP, Solana and BNB are all boasting major focused-treasury plays across Wall Street. In the small-cap tokens sector, Berachain is the latest to hit the news headlines.

    On Monday, Greenlane Holdings, a Florida-based distributor of premium smoking accessories and lifestyle products, announced its raising of $110 million via a private investment in public equity.

    Polychain Capital, Blockchain.com, Kraken, North Rock Digital, CitizenX back the initiative.

    Berachain Foundation also supports the company’s move as it targets the establishment of the “first and only” BERA digital asset strategy – so far.

    Greenlane has outlined that its BERA bet will be via “BeraStrategy,” an inaugural digital asset treasury initiative solely focused on accumulating BERA.

    BeraStrategy will execute its token acquisitions via open-market and over-the-counter trades.

    “I believe BERA’s key differentiation is its yield source – in contrast to historic PoS chains like Ethereum and Solana, BERA’s yield is fueled by the monetization of its block rewards. I think there’s untapped potential in Berachain’s institutional growth as a whole,” said Ben Isenberg, chief investment officer of BeraStrategy.

    What could this mean for Berachain price?

    As Greenlane’s BeraStrategy takes shape, market observers are scrutinizing its ripple effects on BERA’s valuation trajectory.

    The move across the industry, with tokens like ETH, BNB, XRP and SOL in focus, has helped buoy the upbeat sentiment around these altcoins.

    Such an influx of capital and subsequent accumulation will undoubtedly catapult Greenlane to the top public BERA holders list.

    DATs are seen as a major adoption angle for cryptocurrencies and analysts see ongoing accumulation as a potential catalyst for the next bullish phase for certain coins.

    Committing $110 million to BERA purchases is a statement and buying these OTC and open markets could add to an upward price momentum.

    Broader crypto market sentiment and a successful rollout are two factors bulls will consider in the short term.

    In terms of price targets, the $2-4 range provides the first resistance zone, while further gains could bring $8-10 into view.

    BERA price reached an all-time high of $14.99 in February 2025. On the flipside, key support areas lie in the $1.6-$1.2 area.

    The all-time low is $0.87- reached on October 11, 2025.

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  • BlackRock brings Bitcoin ETP to UK as regulator opens door for crypto products

    BlackRock brings Bitcoin ETP to UK as regulator opens door for crypto products

    BlackRock brings bitcoin ETP to UK as regulator opens door for crypto products

    • ETP mirrors bitcoin price and trades via the London Stock Exchange.
    • UK aims to become a global hub for regulated digital-asset products.
    • FCA allows tokenisation of investment funds using blockchain technology.

    The investment giant BlackRock has launched its first bitcoin-linked exchange-traded product (ETP) in the United Kingdom, signalling a major step in bridging traditional finance with the crypto sector.

    The move follows the Financial Conduct Authority’s (FCA) decision to ease restrictions on crypto investment vehicles, allowing investors to gain exposure to bitcoin without directly holding it.

    The launch not only widens access to digital assets for UK investors but also highlights a growing convergence between global asset managers and regulators in adapting to the evolution of financial markets.

    BlackRock’s bitcoin ETP debuts on the London Stock Exchange

    The iShares Bitcoin ETP, now listed on the London Stock Exchange, is designed to mirror the price of bitcoin and offer exposure within a regulated structure.

    The product allows investors to buy fractions of bitcoin through units starting at about $11, making participation in the asset class more accessible.

    Unlike holding bitcoin directly, investors can trade the ETP through standard brokerage accounts, bypassing the complexities of digital wallets or private key management.

    The product’s underlying assets are securely held by regulated custodians, ensuring compliance and oversight under the UK’s financial rules.

    BlackRock’s UK-listed ETP builds on the firm’s earlier success with its bitcoin exchange-traded fund (ETF) in the United States, which has accumulated over $85 billion in net assets.

    It also adds to its European range, complementing listings in Switzerland, Paris, Amsterdam, and Frankfurt.

    FCA’s easing of crypto investment restrictions

    The launch comes shortly after the FCA lifted its four-year ban on crypto exchange-traded notes (ETNs) on 9 October 2025.

    The regulator stated that UK investors could now access such products through approved exchanges, reflecting a broader acceptance of crypto-linked investment options.

    The decision marks a turning point for crypto regulation in the UK.

    It suggests a shift from outright restrictions to a more measured approach that balances investor protection with innovation.

    The FCA’s announcement followed months of consultation with industry players and international regulators.

    Expanding opportunities for asset managers and investors

    BlackRock’s move is expected to encourage other global asset managers to follow suit, as the UK repositions itself as a hub for financial innovation post-Brexit.

    The FCA’s approval has opened the door for firms such as VanEck, DWS, and WisdomTree to explore similar launches.

    For retail investors, the product offers exposure to bitcoin’s price movements through a traditional investment wrapper.

    It eliminates the need for managing crypto wallets and navigating unregulated exchanges, while allowing investment through familiar platforms.

    The regulator’s decision also aligns with the UK Treasury’s ambition to make the country a global centre for digital assets.

    It supports ongoing efforts to integrate blockchain into traditional finance, paving the way for tokenised funds and blockchain-based asset management in the future.

    Crypto risks and the future of tokenisation in the UK

    Despite the easing of rules, the FCA maintained that its ban on crypto derivatives for retail investors will remain.

    While the ETP operates under a regulated structure, exposure to Bitcoin still carries the same volatility and market risks associated with the underlying asset.

    In parallel, the UK is exploring broader blockchain adoption across financial services.

    On 14 October 2025, the FCA announced new provisions allowing asset managers to use distributed ledger technology for fund tokenisation.

    The move is intended to foster innovation and efficiency, signalling that the regulator sees long-term potential in blockchain applications beyond cryptocurrencies.

    By facilitating regulated access to bitcoin and promoting tokenisation, the UK is gradually laying the groundwork for a digital financial ecosystem where traditional and decentralised finance coexist.

    BlackRock’s ETP marks a key milestone in this transition, setting the stage for more institutional crypto products in one of the world’s leading financial markets.

     

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  • Bio Protocol price surges 56% amid major network moves

    Bio Protocol price surges 56% amid major network moves

    • Bio Protocol’s native token (BIO) surged 56% to $0.1238 within 24 hours of its listing on Upbit, South Korea’s leading crypto exchange.
    • A network update has introduced advanced AI-driven BioAgents, multichain support and other developments critical to the Bio Protocol ecosystem.
    •  BIO’s market cap climbed to $196 million.

    Bio Protocol’s native token has experienced a dramatic surge, rising 56% in the past 24 hours to reach $0.1238, with trading volume exceeding $164 million.

    This rally comes after the token’s listing on South Korea’s premier cryptocurrency exchange, Upbit.

    Bio Protocol price skyrockets amid Upbit listing

    After a month-long decline, Bio Protocol (BIO) is showing signs of recovery.

    Since October 1, the cryptocurrency had been in a steady downtrend, falling from $0.15 to a low of around $0.078.

    The announcement of BIO’s listing on Upbit has acted as the immediate catalyst for the token’s explosive growth.

    Upbit commands over 80% of South Korea’s crypto trading volume and has a storied history of propelling altcoins to new heights.

    At the time of writing, BIO’s trading volume surged 820% in the last 24 hours to $311.55 million.

    This listing builds on BIO’s exchange momentum, following debuts on Binance and Kraken. 

    BIO’s price is currently trading at $0.11, having shattered resistance at $0.09, and its market capitalization now stands at nearly $196 million according to CoinMarketCap’s data.

    Bio Protocol price chart by CoinMarketCap

    However, traders warn of potential pullbacks if broader market corrections materialize, emphasizing the need for sustained adoption beyond hype.

    BIO surges amid major network update

    Adding to the momentum from the Upbit listing is the ongoing cheer of Bio Protocol’s recent news of a major network update.

    The update and its momentum have further energized its community. 

    The update introduces enhancements to Bio Protocol’s staking mechanisms.

    There’s also the integration of BioAgents, or AI-driven research assistants, with these aimed at automating hypothesis generation and experiment tracking. 

    “From AI co-scientists to biotech IP, over 8,000 participants joined the first wave of the new Bio Launchpad projects. These launches tokenized AI co-scientists and biotech IP, enabling communities to fund and own breakthroughs in stem-cell research, men’s health, and brain health. Each project bootstrapped onchain treasuries and liquidity, setting the foundation for incentive-aligned communities around real-world science.”

    While aspects such as network slowdown affect immediate community outlook, Bio Protocol’s ability to bridge biotechnology innovation with decentralized governance is huge for BIO.

    It redefines industry standards, offering investors a unique opportunity to participate in a transformative ecosystem. 

    Stakeholders are advised to monitor upcoming milestones, including the launch of new BioXP rewards and cross-chain developments. 

    The prevailing market conditions may count as potential hindrances to bullish advances.

    But with listings and other initiatives in place, buyers may target highs of $0.43, above which there’s the all-time peak of $0.92 reached in January 2025.

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

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

    Bitcoin Price Dump

    • Bitcoin slides below $104K as crypto sell-off deepens.
    • $1B in crypto liquidations hit traders within 24 hours.
    • Aave, Flare, BCH sink; Jito jumps on a16z investment.

    The cryptocurrency market has extended its unstable week with a broad sell-off, erasing gains from earlier in the period amid Bitcoin’s slump to under $104,000.

    Meanwhile, the global cryptocurrency market capitalization dropped by more than 3% to $3.5 trillion – before a slight recovery as Bitcoin reclaimed the $107,000 level.

    CoinGlass data showed the global crypto liquidations jumped to over $1.04 billion in 24 hours, with longs suffering the most pain.

    Open interest was down 3.8% to $150 billion as Ethereum, XRP, Solana, and BNB all retested, and in some cases, dropped below key levels.

    Bitcoin slumps to $103,598

    Bitcoin led the market’s steep drop on Friday, October 17, 2025. While the sharp decline was not as bloody as the annihilation seen on Oct. 10, the fall to lows of $103,500 marked another big swing for BTC.

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

    However, the slump injected fresh fears into a market that witnessed a historic $19 billion liquidation event a week prior.

    Notably, Bitcoin’s dump came amid investor jitters across Wall Street following bad loans news from two US regional banks.

    A spooked market reacted lower, and BitMEX co-founder Arthur Hayes shared his view on what that could mean.

    ETH, XRP, SOL and BNB mirror BTC’s woes

    Bitcoin hogged headlines for its sharp drop, with an intraday range of $109,260 and $103,598. However, the rot was widespread and Ethereum, XRP, Solana and BNB all shed a significant portion of recent gains.

    Specifically, Bitcoin’s woes that aligned with major ETF outflows saw Ether price drop to under $3,680.

    This extended the decline below the key support level of $4,000, although bulls hovered near $3,800 at the time of writing.

    Crypto analyst Lark Davis said Ethereum is poised at a make-or-break level.

    Elsewhere, XRP price fell more than 4% to lows of $2.20, well off key support of $2.50 and the psychologically important $3.00.

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

    Solana, which traded around $182, had declined nearly 5% as it touched lows of $174 to inject fresh bearish sentiment below the critical $200 mark.

    The market also saw BNB, one of the top performers in the past months, suffer more profit-taking as the price touched lows of $1,024. BNB hit its all-time high of $1,370 on Oct. 13.

    Aave, Flare, Bitcoin Cash among top losers

    As the top altcoins mirrored the BTC downturn, with losses on Wall Street catalyzing the dump, Aave, Aster, Flare and Bitcoin Cash emerged as some of the top losers on the day.

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

    Earlier in the day, Zcash fell below $190 amid a 20% dip before a slight rebound pushed ZEC above $216. The privacy coin’s value was 7% down in the past 24 hours.

    Ethena, ZORA and Jito were among the top gainers, with Jito benefiting from bullish news related to a $50 million investment by a16z.

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  • Zcash price drops to $190 amid broader crypto pullback

    Zcash price drops to $190 amid broader crypto pullback

    Zcash Price On Market Chart

    • Zcash price dropped to the $190 support level.
    • Macro headwinds also had Bitcoin falling to below $105,000 to trigger further bleeding across crypto.
    • Analysts remain bullish despite the dip.

    Zcash (ZEC) tumbled to lows of $190, with its double-digit declines reflecting widespread market unease.

    Triggered by macroeconomic pressures, most coins plummeted to key levels, including Bitcoin, which retested the $105,500 area.

    Crypto pullback and Zcash price today

    Zcash, the privacy-focused cryptocurrency launched in 2016, experienced a sharp decline on Friday.

    The token dipped to support around the $190 mark as a broader crypto market retracement ensued to see total market liquidations surpass $1 billion.

    ZEC, one of the outperformers in recent weeks, fell below the key support level of $200.

    Moreover, the price declines are accompanied by rising trading volume to reinforce the profit taking.

    Per CoinMarketCap, the daily trading volume for the privacy-focused coin has jumped 26% to over $742 million.

    Meanwhile, the price has fallen nearly 20% in the same time frame.

    Zcash price chart by CoinMarketCap

    Zcash has climbed 260% over the past month, outperforming nearly all of the top 100 cryptocurrencies by market capitalisation.

    The market-wide pullback reflects broader macroeconomic factors, including renewed tensions in the US-China trade dispute and the ongoing US government shutdown.

    Investors who had recently entered Zcash appear to be taking profits after a strong rally fueled by optimism surrounding its zero-knowledge proof technology.

    Zcash has seen a notable surge in institutional interest in recent weeks.

    Grayscale’s Zcash Trust has been a key driver, with assets under management exceeding $92 million — a signal of rising adoption.

    The trust allows traditional investors to gain exposure to ZEC, one of the leading privacy coins, without the operational complexities of holding the asset directly.

    ZEC price forecast

    Major declines across the market came as investors, spooked by the latest news from US regional banks, exited positions.

    Specifically, reports on Friday indicated that two US regional banks have hit the rocks with bad loans.

    Jitters around banking sector risks saw a sharp dump for bank stocks cascade into futures trading on Wall Street.

    A slip for the S&P 500 and the Nasdaq also sent crypto nosediving.

    But Bitcoin’s drop could allow some capital rotation to revive ZEC price, one analyst pointed out on X.

    Correlation among shielded transactions adoption gives this strength.

    Market analysts point to overbought conditions in the short term.

    A look at the Relative Strength Index (RSI) shows a dip into oversold territory, which means a potential reversal.

    Overall, while the $190 mark signals a key demand zone, the $240 mark represents a crucial hurdle.

    ZEC price reached highs of $295 earlier in the month.

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