Crypto market recap: Altcoins hit hard as Bitcoin regains dominance
Bitcoin (BTC) extended its weekly losses, dropping to $109,940, down 2.4% in the last 24 hours and 9.7% over the past week. The renewed decline came after President Donald Trump formally declared a new trade war with China, triggering a broad sell-off across global equities and risk assets.
Ethereum (ETH) fell 4.8% to $3,955, while BNB and Solana (SOL) lost 0.8% and 8.3%, respectively. The overall crypto market capitalization sank to $3.76 trillion, marking a 2.2% daily drop, as the Fear & Greed Index dipped to 32 (“Fear”), reflecting heightened investor caution.
ETH retraces from local highs as miners “buy the dip”
Ethereum’s correction followed a brief rally earlier this week that pushed it above $4,200 before retracing nearly 6%. According to on-chain data cited by Cointelegraph, Bitmine and other large mining entities have started accumulating ETH, signaling institutional confidence in the asset’s mid-term outlook. Meanwhile, XRP and Cardano (ADA) were hit harder, plunging 5.4% and 5.9%, respectively, amid renewed selling pressure in altcoins. The Altcoin Season Index slipped to 27/100, indicating Bitcoin’s renewed dominance even as it struggles to maintain key support levels near $110,000.
Regulatory headwinds mount as Bank of England proposes stablecoin limits
Adding to the cautious sentiment, the Bank of England unveiled plans to temporarily cap stablecoin circulation in the U.K. as part of a new digital payments oversight policy. The move aims to prevent excessive reliance on private stablecoins during the sector’s transition to regulated frameworks. Analysts warn the proposal could tighten short-term liquidity but ultimately support long-term market maturity. Traders now eye $108,000 as Bitcoin’s next critical support and $112,000 as immediate resistance. With geopolitical tensions escalating and regulatory scrutiny rising, markets appear set for a volatile close to the week.
Recently we wrote that Bitcoin [BTC/USD] price on Thursday, October 16, is showing mild gains near $111,000 in the European session after five days of consolidation.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
