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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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  • Crypto markets turn red after Trump threatens to halt cooking oil imports from China

    Crypto markets turn red after Trump threatens to halt cooking oil imports from China

    Crypto markets turn red after Trump threatens to halt cooking oil imports from China

    • The crypto market turned red after a new tariff threat from President Trump.
    • Trump threatened to halt cooking oil imports from China over soybean purchases.
    • Bitcoin fell 2.4 percent and Ether dropped 3.3 percent within an hour of the post.

    A single social media post has once again sent a jolt of fear through the cryptocurrency market, as a fresh and unconventional tariff threat from US President Donald Trump ignited a new wave of selling, plunging the entire digital asset space into the red.

    The sudden downturn is a stark and painful reminder of the market’s extreme sensitivity to the president’s every whim, a fragility that was brutally exposed in a historic liquidation event just last week.

    An ‘economically hostile act,’ an immediate market reaction

    The catalyst for the latest sell-off was a post on Truth Social on October 14, in which President Trump took aim at Beijing’s trade behavior, specifically its failure to purchase American soybeans.

    “I believe that China purposefully [is] not buying our Soybeans, and causing difficulty for our Soybean Farmers, [which] is an Economically Hostile Act,” Trump wrote.

    We are considering terminating business with China having to do with Cooking Oil, and other elements of Trade, as retribution. As an example, we can easily produce Cooking Oil ourselves, we don’t need to purchase it from China.

    The market’s reaction was immediate and severe. Within an hour of the post, Bitcoin (BTC) had dropped by 2.4 percent to around $112,861, while Ether (ETH) fell 3.3 percent to $4,108.

    The total crypto market capitalization declined by roughly 2.9 percent, a clear and direct response to the president’s latest trade war gambit.

    The ghost of liquidations past

    This latest sell-off, while significant, is a mere aftershock compared to the earthquake that rocked the market last week.

    A previous threat from Trump to impose 100 percent tariffs on all Chinese imports had triggered a violent and historic crash.

    At its peak, that “bloodbath” saw more than 19.2 billion dollars in leveraged positions liquidated, marking the largest single-day wipeout in crypto’s history and overwhelming major trading platforms like Binance and Coinbase.

    The memory of that carnage is still fresh, and it has left the market in a deeply fragile and nervous state.

    Even before Trump’s latest post, crypto analysts had been warning of an impending market crash, with one popular analyst telling the trading community on October 13 to exit the market as a “big dump” was coming.

    A market on a knife’s edge

    The latest data from Coinglass shows that the market is still bleeding from last week’s wounds.

    Over the past 24 hours, another 715.13 million dollars in positions have been liquidated, the vast majority of which were bullish long positions.

    This new wave of selling, sparked by a presidential post about soybeans and cooking oil, is a potent symbol of the strange and unpredictable forces that now govern the digital asset space.

    In a market haunted by the ghost of a historic crash and stalked by the whims of a single Twitter feed, the only certainty is more uncertainty to come.

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  • Beyond Bitcoin: How Asia’s new crypto playbook is breaking from the west

    Beyond Bitcoin: How Asia’s new crypto playbook is breaking from the west

    Beyond Bitcoin: How Asia's new crypto playbook is breaking from the west

    • A reported $600 million BNB fund signals a shift in Asia’s crypto strategy.
    • Asian institutions are favoring ‘infrastructure tokens’ over store-of-value.
    • The West tokenizes TradFi, while the East builds crypto-native liquidity.

    On the surface, it looks like a straightforward bet on a crypto behemoth.

    The reported plan by China Renaissance to raise 600 million dollars for a BNB-focused investment vehicle, with Binance founder Changpeng Zhao’s own YZi Labs investing alongside, seems like a simple vote of confidence in the world’s largest crypto exchange.

    But according to some of the market’s sharpest observers, this is something far deeper: a clear and powerful signal that a great divergence is underway, a fundamental split in how the East and the West are choosing to build their crypto empires.

    A tale of two strategies: The great divide

    While Western markets have been laser-focused on tokenizing traditional finance—turning Treasuries, funds, and real-world assets into digital tokens—a different playbook is being written in Asia.

    According to the Singapore-based market maker Enflux, the China Renaissance move is a prime example of a broader and more profound strategic shift.

    “Regional capital allocators are seeking exposure to infrastructure tokens that drive transaction flow, not just store-of-value assets,” Enflux said in a note to CoinDesk.

    This ties into the broader shift where Asian capital markets are building out their own layer of crypto-native liquidity networks while Western markets tokenized TradFi.

    Value in motion, not just in scarcity

    The logic behind this divergence is both simple and powerful: in the long run, value should be captured not just by scarcity, but by activity.

    Assets like BNB are the perfect embodiment of this philosophy. While Binance is not a publicly traded company, its BNB token serves as a powerful proxy, its value a direct reflection of the market’s confidence in the health and activity of the entire Binance ecosystem.

    This is not an isolated trend. The recent move by Tron to create a publicly listed company is another key example.

    The goal is to give investors direct, regulated exposure to the activity on the TRX network, a bustling hub for USDT transactions across Latin America.

    It is a bet on the utility and the velocity of the network, not just the static value of its native token.

    The blueprint for a new financial architecture

    If this thesis is correct, then the China Renaissance fund is more than just a new investment vehicle; it is an early blueprint for the next generation of institutional products in Asia. These are not funds designed to simply hold digital gold.

    They are permanent capital vehicles designed to own the very pipes of the crypto economy.
    The message is clear.

    While the West is focused on bringing the old world onto the blockchain, the East is increasingly focused on building a new world, with its own native financial architecture.

    The great game of crypto is no longer being played by one set of rules; it has become a tale of two very different, and potentially competing, visions for the future.

    Market movement

    BTC: Bitcoin is trading above 114,500 dollars, holding relatively flat as the market finds its footing and stabilizes after the volatility of the previous weekend.

    ETH: Ethereum has risen 1.5 percent to 4,230 dollars as network activity shows signs of picking up, a move of resilience that comes even as US-listed Ethereum ETFs saw 118 million dollars in outflows.

    Gold: Gold has surged 2 percent to a new record of 4,103 dollars an ounce. The powerful move is being driven by renewed US-China trade tensions and the growing expectation of further Federal Reserve rate cuts, which are sending investors fleeing toward safe-haven assets.

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  • Crypto Black Friday explained: How $19.5 billion vanished in hours

    Crypto Black Friday explained: How $19.5 billion vanished in hours

    Crypto Black Friday explained: how $19.5bn vanished in hours

    • Bitcoin plunged 8.4% as liquidity collapsed across exchanges.
    • Oracle glitches triggered cross-liquidations and temporary de-pegs.
    • The crash exposed major vulnerabilities in crypto infrastructure.

    On 10–11 October 2025, the cryptocurrency market experienced one of its sharpest collapses in years — an event the community has dubbed Crypto Black Friday.

    In just a few hours, more than $19.5 billion in leveraged positions were wiped out, sending Bitcoin down by 8.4% and shaking investor confidence worldwide.

    What began as a reaction to the US’s 100% tariff announcement on Chinese goods quickly revealed much deeper cracks in the system — showing how automated trading, thin liquidity, and structural weaknesses combined to trigger a chain reaction across exchanges.

    What triggered the sell-off?

    The first signs of the crash appeared after President Trump confirmed steep new tariffs on Chinese imports, fuelling fears of higher inflation and tighter Federal Reserve policy.

    Traders rushed to unwind risky positions, leading to rapid liquidations in Bitcoin (BTC), Ethereum (ETH), Wrapped Beacon ETH (WBETH), and Binance-Smart-based Solana (BNSOL).

    But geopolitical panic alone doesn’t explain how billions disappeared so quickly. Analysts say technical and structural factors amplified the event.

    Liquidity across exchanges was unusually low, and some Binance users reported frozen accounts during the sell-off.

    High-leverage looped loans and a temporary de-pegging of the USDE stablecoin made matters worse, creating a cascade of forced sales. Binance later confirmed system issues and offered compensation to affected users.

    How technical flaws magnified the collapse

    According to a BeinCrypto report, during the sell-off, CoinGlass — a popular analytics site — faced a sophisticated proxy attack that briefly disabled access to its data and services.

    This interruption added to market confusion just as traders were scrambling for real-time information.

    At the same time, a series of unusually large transactions occurred moments before several oracle updates.

    These oracles — the systems that feed real-world prices into blockchain smart contracts — briefly mispriced certain assets, triggering automatic liquidations across multiple trading pairs.

    The mispricing also caused some stablecoins to lose their peg temporarily, creating brief windows where arbitrage bots and high-frequency traders could profit.

    Within minutes, millions of dollars moved between exchanges as automated systems responded to the volatility, deepening the market crash.

    Was it a coordinated attack?

    Not everyone believes this was an organic crash. Some analysts argue that the patterns of trades and timing of oracle updates suggest deliberate manipulation.

    Data showed that the most extreme de-pegs affected pairs with known update schedules, while large-scale short positions were placed just before liquidation cascades began.

    This has led to speculation that certain market actors may have exploited the structure of the crypto market itself — using automated systems and leverage mechanisms to engineer volatility.

    The idea is that, rather than hacking wallets or stealing funds, attackers could manipulate the market by exploiting predictable behaviours in oracles, exchanges, and algorithms.

    Still, other experts maintain that this was simply an overleveraged market reacting to stress.

    When traders take on too much debt and sentiment shifts suddenly, cascading liquidations can happen without any external interference.

    The synchronised nature of the event across multiple exchanges, however, continues to fuel debate.

    What the crash revealed about crypto markets

    Crypto Black Friday has exposed how fragile the digital asset ecosystem remains despite its growing size.

    With $19.5 billion wiped out in hours, the event showed how quickly risk can spread when systems rely heavily on leverage, automated trading, and opaque liquidity pools.

    Exchanges such as Binance have since launched internal audits and pledged to improve transparency, but experts warn that these are short-term fixes.

    The real challenge lies in redesigning core systems — including how leverage is managed, how oracles feed data, and how liquidity is distributed across markets.

    The incident has renewed calls for better on-chain oversight and global standards for crypto risk management.

    For a trillion-dollar market to mature, analysts say it must balance innovation with stronger safeguards against both systemic shocks and sophisticated manipulation.

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  • Bitcoin, Ethereum rebound following ‘largest single-day wipeout in crypto history’

    Bitcoin, Ethereum rebound following ‘largest single-day wipeout in crypto history’

    Bitcoin, Ethereum rebound following 'largest single-day wipeout in crypto history'

    • The crypto market suffered its “largest single-day wipeout in crypto history.”
    • Nearly $20 billion in liquidations were triggered on Friday alone.
    • The crash was sparked by President Trump’s new tariff threats against China.

    It was a brutal and historic bloodbath, a sudden and violent purge that resulted in what one analyst has called “the largest single-day wipeout in crypto history.”

    A promising “Uptober” rally was brought to a catastrophic halt on Friday as a geopolitical bombshell from the White House sent a shockwave of fear through the global markets, triggering a cascade of liquidations that erased nearly $20 billion from the digital asset space in a single day.

    The carnage was swift and merciless. Over a harrowing seven-hour period, Bitcoin plunged from the relative safety of $121,000 to a grim low of $109,000.

    The pain was felt across the market, with Ethereum dipping to $3,686 and Solana touching just above $173.

    But the real story was in the leveraged positions that were being systematically annihilated.

    The volatile session triggered a “flash crash of liquidations,” wiping out almost 7 billion across all markets within a single hour, with a staggering 5.5 billion of that coming from bullish long positions, Sean Dawson, head of research at Dervie, told Decrypt.

    By the time the dust settled, the majority of the day’s nearly 20 billion in liquidations—a colossal 16.7 billion—had come from longs, according to CoinGlass data.

    The presidential spark: A tariff threat ignites a firestorm

    This was not a crypto-specific crisis; it was a contagion of fear sparked by the highest office in the United States.

    The sell-off across both crypto and traditional markets followed President Trump’s stunning announcement that he was canceling a planned meeting with Chinese President Xi Jinping and had ordered a “massive increase” in tariffs on Chinese imports.

    The threat, which Trump himself acknowledged could be “potentially painful” for Americans, immediately sent risk assets into a tailspin.

    The tech-heavy Nasdaq dipped 3.6 percent, the S&P 500 fell 2.7 percent, and the Dow dropped 1.9 percent, a clear sign that the market was taking the president’s words as a declaration of a new and more aggressive phase in the trade war.

    The aftermath: A textbook relief rally

    But just as quickly as the storm descended, a fragile calm began to return.

    By the weekend, China appeared to soften its stance, and a market that had been gripped by panic began to recalibrate, with analysts suggesting the brutal rout may have been a brief, if violent, geopolitical overreaction.

    Now, a powerful rebound is underway. “What we’re seeing is a textbook relief rally,” Dean Serroni, CEO of crypto investment manager Merkle Tree Capital, told Decrypt.

    The recovery has been as swift as the crash was brutal. Bitcoin has surged 5% on the day to retake the $115,100 level.

    Ethereum is leading the charge with an impressive 10.5% jump to $4,138, while major altcoins like Solana, BNB, and Dogecoin are soaring with double-digit gains.

    Serroni explained the powerful bounce as “pure short-covering and mean reversion after the market overreacted to Trump’s tariff bombshell.”

    He pointed to the “thin” selling pressure and the dramatic reset in open interest across derivatives markets, a sign that the carnage was primarily a technical event, a violent purge of “overleveraged derivatives traders” rather than a fundamental shift in the market’s long-term outlook.

    His final verdict was a succinct and powerful summary of a wild and historic week: “This rout was a geopolitical knee-jerk, not a structural break.”

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  • Crypto market loses $160B in ‘Red September’, yet millionaires soar 40% in 2025

    Crypto market loses $160B in ‘Red September’, yet millionaires soar 40% in 2025

    • ‘Red September’ shakes crypto markets, wiping out over $160 billion in value.
    • Bitcoin, Ethereum, and Solana test critical support levels amid high volatility.
    • Number of crypto millionaires rises 40% in 2025, now at 241,700 globally.

    The cryptocurrency market underwent notable turbulence over the past 24 hours, with traders waking up to shifting sentiment and volatile price action on Thursday.

    Recent days saw the so-called “Red September” event, which erased over $160 billion from the global crypto market cap amid ongoing macroeconomic pressures, ETF outflows, and liquidations.

    Yet, beneath the broad declines, pockets of resilience and buying emerged in selective coins.

    With central banks sending mixed signals and regulatory debates intensifying, investors are recalibrating positions, all while institutional flows remain significant.

    As Q4 approaches, analysts anticipate a more stable narrative may soon take hold, but volatility remains the dominant theme for now.

    Bitcoin (BTC) is oscillating near crucial support levels, recently trading just above $113,000 after rebounding 0.82% in the last 24 hours.

    Analysts warn that fading institutional demand could push BTC toward the $108,000 zone if sentiment sours.

    Ethereum (ETH) also saw weakness, falling below $4,130, down 1.4% with market-watchers eyeing $3,800 as a possible accumulation point if the decline deepens.

    Solana (SOL), despite heavy treasury accumulation, stalled just beneath its 2021 peak, trading near $210 and dipping 1.66% in the last session, testing long-held support.

    XRP, conversely, exhibited strength with a 2.93% pop and growing bullish momentum; some chartists see a breakout above $3.33 as pivotal for double-digit ambitions.

    Dogecoin (DOGE) held steady, barely advancing 0.2% amid ongoing meme-coin sector liquidations.

    Overall, major cryptos remain sensitive to both headline risk and technical factors, with their trajectories hinging on ETF flows, macro signals, and speculative rotation.

    Crypto millionaires surge in 2025

    The latest Crypto Wealth Report for 2025 highlights just how sharply fortunes have shifted in digital assets, as the number of crypto millionaires worldwide soared 40% year-on-year to reach 241,700.

    Leading this surge is Bitcoin, the cornerstone of the crypto economy, with a remarkable 70% jump in those holding seven-figure BTC portfolios, now numbering over 145,000.

    At the very top, there are 36 crypto billionaires and 450 “centi-millionaires” who each hold at least $100 million in digital assets.

    This wealth explosion comes as the broader market cap of cryptocurrencies hit $3.3 trillion, up 45% from last year, reflecting not just price appreciation but growing adoption globally.

    More than ever, Bitcoin is seen less as a speculative bet and more as financial infrastructure: a collateral base for new financial systems operating outside traditional controls.

    Notably, the report underscores how crypto’s borderless nature is redrawing global wealth patterns, with Singapore, Hong Kong, and the US emerging as leading destinations for crypto investors.

    In this new landscape, holding millions simply means memorizing a 12-word seed phrase, with instant access from anywhere in the world—highlighting a profound shift in how, and where, wealth is stored and moved.

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  • Crypto market news: BTC near $112K, ETH drops below $4,200 as fear grips traders

    Crypto market news: BTC near $112K, ETH drops below $4,200 as fear grips traders

    Crypto reels from “Red September” selloff as BTC, ETH, and SOL dip, but institutions hold firm, eyeing a Q4 recovery.

    • Bitcoin hovers above $112K, with bulls defending key support.
    • Ethereum drops 7% weekly as ETF outflows pressure sentiment.
    • Institutions stay invested, betting on a stronger Q4 recovery.

    Crypto markets are still reeling from a fierce “Red September” selloff that has sent jitters through traders and investors alike.

    There is a strong undercurrent of caution right now with investors watching the macro headlines, especially the Fed’s latest moves, and feeling heat from a resurgent US dollar and mounting regulatory uncertainties.

    The fear factor is high among retail traders, especially with meme coins back in panic territory, but interestingly, big institutions haven’t cleared out.

    That says a lot about the market’s long-term resilience.

    For all the volatility, veteran investors seem to believe this selloff could be paving the way for a healthier Q4, especially if some regulatory clarity and macro relief finally show up.

    Major crypto movers

    Bitcoin’s been tossed around all week, trying to hold firm just above the $112,000 mark.

    Despite all the drama, BTC’s daily change has been pretty muted, but it’s still down roughly 2% over the past seven days.

    The tension is palpable; there’s talk that a slip below $112,000 could trigger another rapid drop, but so far, bulls are digging in their heels.

    Ethereum is also fighting for higher ground, currently near $4,200.

    Its weekly loss is steeper than Bitcoin’s, about 7% and analysts see ETF outflows and seasonal September trading patterns in play.

    For Solana, it’s a similar story, with sellers driving the price toward $216, the coin shedding more than 2% in the latest session, and short-term holders running for cover.

    XRP has been a mild outlier, eking out some gains where most heavyweights reversed. It bounced up to around $2.86 and stayed resilient after threatening a breakdown below key support.

    DOGE, however, lost some of its shine, dropping just over 1% today as meme coin enthusiasm fizzled after the big liquidations.

    Even with all the noise, the big coins aren’t in catastrophic territory, but the road to recovery is littered with caution tape.

    Market update: News and broader trends

    This latest bout of selling is being blamed on a handful of big-picture trends.

    First and foremost, traders point to the Fed’s mixed messaging, a rate cut that should excite risk assets paradoxically made the US dollar even stronger, making it tougher for speculative bets on crypto to thrive.

    Huge liquidations have unfolded, with more than $1.65 billion in leveraged longs forced out of the market.

    Meme coins bore the brunt of the panic, but strong institutional flows suggest bigger players are sticking to their long game.

    Regulatory uncertainty is a running theme, debates in the US and Europe over tougher anti-money laundering rules and crypto tax policies have stoked investor anxiety.

    There are also worries over trade tensions and new tariffs added to US imports from India, Taiwan, and Canada, further muddying the waters and keeping risk appetite subdued.

    Yet there’s a strange sense of optimism simmering.

    Many believe the panic has set the stage for a more sustainable rally later in the year, especially if macro and regulatory conditions stabilize.

    Institutional adoption, fresh network upgrades, and the possibility of new Bitcoin-related policies, perhaps even news from President Trump’s upcoming speech, are keeping hope alive that the tide could turn before year-end.

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  • Crypto market calm after Monday’s crash: what’s going on?

    Crypto market calm after Monday’s crash: what’s going on?

    Crypto liquidation exceeds $1.5 billion as volatility deepens

    • Ether fell as much as 9% in a single session on Monday, wiping out $500 million in bets.
    • Bitcoin traded 0.8% lower, with nervous positioning seen in options.
    • $23 billion in Bitcoin and Ether contracts are due to expire on Friday.

    A sharp crash on Monday wiped more than $1.5 billion from leveraged cryptocurrency positions, underscoring how fragile digital asset markets remain.

    The sudden liquidation wave, one of the largest this year, unfolded without a clear catalyst and hit Ether especially hard.

    By Tuesday morning in Asia, the dust had begun to settle, but prices remained under pressure and traders were braced for more turbulence as a record options expiry approached.

    Monday’s crash triggers heavy liquidations

    On Monday, Ether led the declines with losses of up to 9%, sparking the unwinding of nearly $500 million in bullish bets.

    Bitcoin also retreated, falling sharply before stabilising with a smaller 0.8% decline.

    In total, more than $1.5 billion in leveraged positions were forced out across exchanges, making it one of the year’s biggest liquidation events after months of speculative rallies.

    Analysts said the drop showed how quickly leverage combined with thin liquidity can turn into widespread selling.

    Tuesday’s session shows nervous stability

    By Tuesday morning in Asia, the market was calmer, though sentiment remained cautious.

    Ether trimmed its losses to around 0.9%, while Bitcoin also traded 0.8% lower.

    Options activity pointed to traders positioning for further swings rather than stability, with significant bets placed on Bitcoin falling below $95,000 or rising above $140,000 before the month-end.

    The appetite for protection in both directions highlighted just how unsettled sentiment has become.

    Expiring contracts add to pressure

    Deribit data showed that roughly $23 billion of Bitcoin and Ether options contracts are due to expire on Friday, one of the largest expiries ever recorded.

    This event has amplified caution across the market, with traders expecting volatility to dominate in the near term.

    Short-term options have grown in popularity as investors look for cheaper exposure to sudden price moves, turning volatility itself into the trade.

    Meanwhile, crypto treasury firms that earlier drove demand by raising funds to buy tokens have slowed their purchases.

    With share prices falling, these companies have less capacity to raise capital, reducing support for prices and adding to downward pressure.

    Leverage and liquidity risks remain

    Data from Binance shows open interest in perpetual futures has surged over the past few months, with Ether seeing the strongest speculative activity.

    The structure has left the token more exposed to sharp reversals, acting as a higher-beta proxy for digital asset sentiment in periods of stress.

    Bitcoin, by contrast, has shown relatively steadier trading thanks to deeper liquidity and its growing role in institutional portfolios.

    Even so, analysts caution that the higher levels of leverage in the system compared to last year mean the risk of large swings remains.

    With the Federal Reserve cutting interest rates, some expect new inflows to offset selling pressure, but links between Bitcoin and equities suggest macro policy will continue to shape its path.

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  • Aave price slides 10% as bearish momentum sweeps crypto

    Aave price slides 10% as bearish momentum sweeps crypto

    Early PUMP investors dump 25.5B tokens, pocketing nearly $40M profit

    • Aave dropped 10% in the past 24 hours, signalling strong bearish control.
    • On-chain data shows increased net outflows and spiking intraday volume, indicating panic selling by traders.
    • The $265–$250 range is critical, with a potential further decline to $225 if support fails.

    Aave, a leading decentralized finance token, has seen its price drop to $250 as the cryptocurrency market experiences significant price swings.

    Increasing bearish momentum has driven significant selling pressure, with Bitcoin and Ethereum at key levels.

    Aave price slides to $250

    Aave’s price has dropped sharply to $250, breaking below the critical $270–$265 support zone in a decline that marks a significant retreat from its recent highs near $300.

    The token now trades well below its key exponential moving averages and is down 25% in the past 30 days.

    On-chain data reveals substantial outflows, with netflows showing $11.26 million in exchange movements.

    This kind of outlook signals panic-driven selling among traders.

    For AAVE, the immediate support range of $245–$250 is now critical, with a potential further slide to $229 if this level fails to hold.

    Despite the launch of Aave’s v4 upgrade, which introduced a cross-chain Hub-and-Spoke design, the token has struggled to maintain bullish momentum.

    Trading volume has increased 159% in the past 24 hours to $593 million. Although volume is up, the price decline reflects waning retail interest.

    Aave price drops as bearish momentum deepens

    The deepening bearish momentum in Aave’s price action reflects broader market challenges and technical breakdowns.

    The Relative Strength Index has fallen to 20.9, indicating heavily oversold conditions, though no immediate reversal has materialised.

    Aave’s market capitalisation has dropped to approximately $3.9 billion, reflecting its underperformance compared to other DeFi tokens.

    The crypto market has experienced setbacks, with reduced expectations for a Federal Reserve rate cut dampening demand for high-risk assets.

    Aave price chart by TradingView

    Large holders have reduced positions, with wallets holding 100,000 to 1 million AAVE cutting their stakes by 4.3%, as some analysts suggest that the oversold RSI could trigger a short-term relief rally.

    The failure to reclaim the $289–$292 range keeps the near-term outlook negative if selling pressure persists, as Aave risks testing the $2220 support level.

    AAVE bulls last saw these levels in early June 2025.

    Broader market outlook

    Bitcoin and Ethereum’s declines highlighted a sharp descent for most alts.

    Some of the top coins by market cap, like Solana, XRP and Dogecoin, shed recent gains.

    Aave’s decline to $250 and the mounting bearish momentum highlight the broader pressure on crypto and other risk assets following sharp gains in recent months.

    DeFi tokens, which surged alongside Ethereum’s run to record highs, are now facing renewed selling pressure in the current environment.

    Analysts are warning that September could see further downside, with expectations of deeper pullbacks if sentiment continues to sour.

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