Bitcoin plunged to new weekly lows, hovering near the $107,000 mark, as crypto markets faced massive liquidations worth over $1.1 billion within 24 hours. The sharp decline followed the U.S. Federal Reserve’s 0.25% interest rate cut, which failed to boost investor sentiment across risk assets.
According to data, BTC tested its key support range of $107,000, signaling pressure on bulls to defend this crucial level. Traders who had bet on a bullish breakout suffered heavy losses as long positions were wiped out.
Market analyst Roman warned that Bitcoin could face a deeper correction of up to 30%, particularly if the U.S. stock market begins to retrace. “When the S&P 500 corrects, my guess is BTC drops by a solid margin,” he noted, highlighting Bitcoin’s weak correlation with equities despite recent rallies.
Meanwhile, gold prices rebounded above $4,000 per ounce, indicating a shift toward safe-haven assets amid market uncertainty. Data from CoinGlass revealed that October 2025 marked Bitcoin’s first negative October since 2018, breaking its seven-year positive trend.
Top 5 Cryptocurrencies by Market Value
| Coin | Price (USD) | 24h Change | Market Cap (Approx.) |
| Bitcoin[1] (BTC) | $107,646 | ▼ 3.2% | $2.1 Trillion |
| Ethereum (ETH) | $5,230 | ▼ 2.7% | $628 Billion |
| Tether (USDT) | $1.00 | — | $118 Billion |
| BNB (BNB) | $648 | ▼ 1.8% | $97 Billion |
| Solana (SOL) | $178 | ▼ 3.9% | $83 Billion |
Market analysts say a short-term bounce is possible if Bitcoin holds above the $107,000 support, but sustained weakness could push prices toward $103,000 or lower. The coming days will be crucial as traders look for stability amid global economic uncertainty and macro volatility.