Bitcoin Sinks by 13%, Altcoins Get Battered as Trump Meets Putin, Zelenskiy: Your Weekly Crypto Recap

The overall crypto market cap is down by over $500 billion in per week.

It has been a extremely eventful, unstable, and principally painful week for the cryptocurrency markets that began hours after our earlier market replace final Friday.

On the time, BTC had retraced barely since its ATH marked simply days earlier, however was nonetheless holding sturdy above $120,000. Nevertheless, US President Trump threatened China with a brand new wave of tariffs after saying its authorities had been mendacity, which despatched shockwaves by way of the market. BTC dumped instantly to underneath $117,000, which opened the gates of leveraged hell to happen.

The cascading results of overleveraged positions getting forcefully closed resulted in a $19 billion wipeout and an enormous BTC plunge to $101,000 (on Binance and some extra exchanges). The altcoins have been smashed even tougher, with losses of as much as 99% in some excessive instances.

The mud settled in the course of the weekend, particularly after experiences that the stress between the 2 superpowers had de-escalated. Bitcoin even went on the offensive and jumped to $116,000 mid-week, the place it confronted an instantaneous rejection. Though the $110,000 help held at first, the bears continued to strain the asset. It gave in yesterday when Trump met with Russia’s Putin, with a price drop to $108,500.

The panorama worsened over the previous day, as soon as once more on one other bloody Friday. BTC initiated one other leg down that drove it south to just under $104,000. There was a short bounce off to over $106,000 after Trump said the tariffs on China gained’t stand, however that momentum has light, and BTC is again at round $105,000 as of press time.

This places its weekly losses at over 13%. Whereas this would possibly sound painful, as a result of it’s, the scenario with many altcoins is quite a bit worse, with huge losses from the likes of DOGE (-27%), ADA (-25%), LINK (-27%), XLM (-22%), HYPE (-21.5%), and plenty of others.

Market Knowledge

Market Cap: $3.650T | 24H Vol: $273B | BTC Dominance: 57.3%

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BTC: $105,000 (-13.6%) | ETH: $3,770 (-13.4%) | XRP: $2.27 (-19.5%)

This Week’s Crypto Headlines You Can’t Miss

Excessive Worry Creeps Again Into the Crypto Market as Bitcoin Tanks by $20K in Days. The general market sentiment has modified quite a bit within the span of simply over per week, which is seen by the Worry and Greed Index. The metric was above 60 final week, which confirmed a state of greed, but it surely tumbled to multi-month lows of underneath 25 after the latest correction.

Ripple Labs Reportedly Main $1B Fundraise for XRP Treasury. In occasions the place completely different corporations are ramping up efforts to build up BTC, ETH, and some different altcoins, Ripple Labs has reportedly started an initiative that can permit it to boost $1 billion by way of a SPAC to create a digital asset treasury centered on accumulating its personal token, XRP.

Practically All ETH Held by Corporations Was Bought in Previous Quarter Alone. Talking of altcoins which have turned the middle of DAT accumulation, information emerged this week indicating that nearly all the ETH bought by such corporations has been accumulated in Q3 2025.

Was Final Week’s Deleveraging Occasion a Essential Reset for The Bitcoin Market? Glassnode Weighs In. Final Friday’s meltdown had a profound influence on your entire crypto business, with a number of expers and observers speeding to supply their opinion on why it occurred and what’s subsequent. Glassnode, for example, said it was a needed reset because of the extraordinarily excessive leveraged utilized by some merchants.

October 10 Crash Exaggerated? Actual Crypto Losses Simply $2.31B (Analyst). In line with one other report, the huge figures of $19 billion in liquidations throughout final week’s crash have been extremely exaggerated. It claimed that the precise worth was simply over $2.3 billion.

Peter Schiff Dismisses BTC’s ‘Digital Gold’ Standing Following Latest Crash. As we all know, Peter Schiff makes use of each potential alternative to criticize BTC, and the crash from over $122,000 to underneath $105,000 allowed him to take action as soon as once more. In his newest bashing fest, the economist said this worth correction invalidated BTC’s standing as digital gold.