{"id":61285,"date":"2025-10-17T09:13:34","date_gmt":"2025-10-17T09:13:34","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-market-update-bitcoin-dips-below-106k-eth-xrp-sol-risk-key-levels\/"},"modified":"2025-10-17T09:13:34","modified_gmt":"2025-10-17T09:13:34","slug":"crypto-market-update-bitcoin-dips-below-106k-eth-xrp-sol-risk-key-levels","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-market-update-bitcoin-dips-below-106k-eth-xrp-sol-risk-key-levels\/","title":{"rendered":"Crypto market update: Bitcoin dips below $106k, ETH, XRP, SOL risk key levels"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-btc-price-chart-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-btc-price-chart-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-btc-price-chart-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-btc-price-chart-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin price has dropped below $106,000 as bearish pressure sends cryptocurrencies plummeting.<\/li>\n<li>Ethereum, Solana, XRP and BNB have tanked below key levels.<\/li>\n<li>Macro headwinds impacting equities also led to a decline in crypto prices today.<\/li>\n<\/ul>\n<p>As global markets heave amid selloff pressure, major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are trading near pivotal support levels.<\/p>\n<p>A similar outlook prevails across the rest of the crypto market, with a few coins experiencing double-digit losses over the past 24 hours.<\/p>\n<h2>Why is the crypto market down today?<\/h2>\n<p>The cryptocurrency market\u2019s downturn on October 17 stems primarily from escalating US-China trade frictions.<\/p>\n<p>In the past few days, events around the two trading partners have injected significant uncertainty into global risk assets.<\/p>\n<p>President Donald Trump\u2019s renewed threats of 100% tariffs on Chinese technology exports reverberated through financial corridors.<\/p>\n<p>It prompted a broad sell-off that began on October 10 and persists today.<\/p>\n<p>This policy escalation, aimed at curbing China\u2019s dominance in rare earth minerals and semiconductors, has amplified fears of retaliatory measures, inflationary pressures, and supply chain disruption.<\/p>\n<p>Together, these factors have disproportionately impacted high-volatility sectors like crypto.<\/p>\n<p>Adding to the macro headwinds, on top of the market witnessing over $19 billion in liquidations across leveraged positions last Friday, is the continued profit taking.<\/p>\n<p>Low liquidity during Asian trading hours today has exacerbated the rot.<\/p>\n<p>Institutional sentiment souring as US spot Bitcoin and Ethereum ETFs record significant net outflows adds to the weakness.<\/p>\n<p>Analysts note that while the Federal Reserve\u2019s anticipated rate cut at the October 28-29 FOMC meeting could provide a counterbalance, short-term volatility remains elevated due to the absence of positive catalysts.<\/p>\n<p>Crypto ETF hype around major altcoins has also cooled.<\/p>\n<p>Overall, the total crypto market capitalisation has contracted by 4.6% to $3.58 trillion.<\/p>\n<p>Nearly all of the top 100 coins are in the red as risk-off sentiment spills over from equities.<\/p>\n<p>Meanwhile, Coinglass data <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"noopener\">shows<\/a> that over $1.01 billion has been wiped off the market in terms of 24-hour liquidations.<\/p>\n<h2>Bitcoin struggles below $106k<\/h2>\n<p>Bitcoin, the bellwether of the crypto ecosystem, has mounted a fierce but futile defence against gravity.<\/p>\n<figure id=\"attachment_341787\" aria-describedby=\"caption-attachment-341787\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-341787\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/10\/BTCUSD_2025-10-17_10-55-25.png\" alt=\"\" width=\"1057\" height=\"571\"\/><figcaption id=\"caption-attachment-341787\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">Bitcoin price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>After a brief rebound to above $115k, BTC has dropped to under $106,000.<\/p>\n<p>Bears reached lows of $105,918 in early trades on Friday, and despite bulls\u2019 efforts, the benchmark digital asset is trading at $105,906 at the time of writing.<\/p>\n<p>Bitcoin is thus firmly below the psychological mark of $110,000.<\/p>\n<p>The US-China rhetoric and other factors risk pushing BTC lower. Immediate support is likely in the $103,000-$100,000 zone.<\/p>\n<h2>Ethereum, XRP, and SOL dip below key levels<\/h2>\n<p>As Bitcoin struggles below $110k, Ethereum has fared no better.<\/p>\n<p>The top altcoin has plummeted 3.5% to $3,780 in the past 24 hours.<\/p>\n<p>That means the Ethereum price is well below the $4,000 support level.<\/p>\n<p>This dip has cascaded across the broader altcoin market.<\/p>\n<p>Weakness in ETH also reflects in Solana, XRP and BNB among other altcoins.<\/p>\n<p>XRP\u2019s price hovers below the critical $3.00 mark as sellers push bulls to lows of $2.24.<\/p>\n<p>Meanwhile,\u00a0 <a href=\"https:\/\/coinjournal.net\/news\/solana-price-forecast-sol-risks-bearish-flip-amid-6-dip\/\">Solana<\/a> has cratered to below $200 to trade around $178 as bears target further strengthening.<\/p>\n<p>As the market grapples with the downturn, BNB has retreated to near $1,000, and Dogecoin has slipped 9% to $0.17.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/crypto-market-update-bitcoin-dips-below-106k-eth-xrp-sol-risk-key-levels\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin price has dropped below $106,000 as bearish pressure sends cryptocurrencies plummeting. Ethereum, Solana, XRP and BNB have tanked below key levels. Macro headwinds impacting equities also led to a decline in crypto prices today. As global markets heave amid selloff [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":61286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/61285"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=61285"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/61285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/61286"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=61285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=61285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=61285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}