The post Coinpedia Digest: This Week’s Crypto News Highlights | 11th October, 2025 appeared first on Coinpedia Fintech News

Volatility stayed high, but so did innovation. Amid new policies, global headlines, and market pressure, crypto kept pushing forward.

#1 Trump’s China Tariff Triggers $19B Crypto Meltdown

The crypto market saw its biggest one-day liquidation ever, with over $19 billion erased in 24 hours. The crash followed Donald Trump’s new 100% tariff on China, which rattled global markets and reignited trade war fears. Bitcoin dropped over 12%, briefly sliding below $113,000 before recovering slightly.

More than 1.6 million traders were liquidated as prices plunged. Analysts called it a “black swan event,” while some traders saw it as a rare chance to buy the dip.

#2 SEC to Finalize Crypto Innovation Rulebook by Year-End

U.S. SEC Chair Paul Atkins said the agency plans to roll out a formal “innovation exemption” for crypto firms by the end of this year. The rulebook, he explained, would give companies room to build new blockchain services without fear of constant enforcement.

Atkins called the proposal a “top priority” even as the U.S. government shutdown slows operations. He said the move is meant to undo “four years of repression” and keep innovation at home instead of pushing it abroad.

#3 North Dakota Reveals the “Roughrider Coin”

North Dakota has launched the Roughrider Coin, a USD-backed stablecoin aimed at modernizing how local banks move money. The digital token will first be used for interbank loans, overnight lending, and infrastructure financing.

Officials say it could make transactions faster, cheaper, and more transparent. Backed 1:1 by the U.S. dollar, the coin offers the stability banks need to trust blockchain systems. With this move, North Dakota becomes one of the first U.S. states to test digital dollars in traditional banking.

#4 Metaplanet Pauses Share Rights to Refocus on Bitcoin Strategy

Metaplanet is hitting pause. The Tokyo-based firm has suspended the exercise of its 20th to 22nd series of stock acquisition rights, covering about 398 million potential shares issued to EVO Fund. The freeze, running from October 20 to November 17, is part of a broader plan to manage capital smartly while keeping focus on Bitcoin.

President Simon Gerovich said the move helps “optimize capital raising strategies” as Metaplanet continues to grow its 30,823 BTC holdings.

#5 Lummis Proposes Tax Relief for Small Bitcoin Payments

Senator Cynthia Lummis is pushing a plan that could make paying with Bitcoin as simple as swiping your card. Her proposal introduces a tax exemption for small crypto payments under $300, with a yearly cap of $5,000. That means no more calculating capital gains every time someone buys coffee with Bitcoin.

Lummis says it’s time to treat crypto like currency, not property. Critics, including Senator Elizabeth Warren, argue the move could create loopholes, but it may still boost real-world Bitcoin use.

#6 Morgan Stanley Recommends 2-4% Bitcoin Allocation

Morgan Stanley is warming up to crypto. The investment bank now recommends clients keep 2% to 4% of their portfolios in Bitcoin and digital assets, calling Bitcoin “a scarce asset, akin to digital gold.”

The report says investors should rebalance holdings every quarter to manage risk and volatility, ideally through exchange-traded products. The guidance reflects a more open stance toward crypto, coming just as Bitcoin touched a new all-time high.

#7 CZ Could Return to Binance

Changpeng Zhao, better known as CZ, could be making a comeback at Binance. Fox Business reporter Charles Gasparino says White House discussions around granting him a presidential pardon are “heating up.”

CZ stepped down as CEO in 2023 after pleading guilty to a Bank Secrecy Act violation and serving four months in prison. If pardoned, he may rejoin Binance in a strategic role – a move that could reshape the exchange’s image and mark a turning point in U.S. crypto politics.

Also Read: Binance’s CZ Responds to Hyperliquid Rumors in New “Gossip Tweet”, Community Reacts

#8 Crypto Voters Could Sway Key States in 2026 Midterms

Crypto is becoming a political force. A new survey shows 64% of cryptocurrency investors consider a candidate’s stance on digital assets “very important” when voting in the 2026 midterms. Many of these voters are young, tech-driven, and financially active.

While most are registered Democrats, a majority plan to back Republican candidates, frustrated by slow regulation. With over 50 million Americans owning crypto, both parties are now racing to win this growing voter base.

#9 Wall Street’s S&P Enters Crypto With a 50-Asset Index

S&P Global has launched its first crypto index, blending traditional markets with digital assets. The new S&P Digital Markets 50 Index tracks 15 major cryptocurrencies and 35 blockchain-linked stocks in one benchmark. Built with Dinari, the index will also be tokenized on-chain through the firm’s dShares platform, giving investors direct blockchain access.

“Digital assets have moved from the margins into a more established role,” said Cameron Drinkwater of S&P Dow Jones Indices, calling it a milestone for global markets.

#10 Bitcoin Could Join Gold in Central Bank Reserves, Says Deutsche Bank

Deutsche Bank economists Marion Laboure and Camilla Siazon believe Bitcoin could soon stand beside gold in central bank reserves. Their latest report says the move may come by 2030, driven by growing institutional trust and a weaker U.S. dollar.

They noted that the dollar’s share of global reserves has dropped from 60% in 2000 to 41%, fueling the rise of gold and interest in Bitcoin. The report adds that digital assets won’t replace the dollar, but will complement national currencies as regulation and confidence improve.

In the Spotlight 

Here’s a few quick hits you shouldn’t miss!

Bitcoin Outperforms S&P 500 by 88% Since 2020: Despite record highs, the S&P 500 still trails Bitcoin – a $100 investment in 2020 would be nearly $1,500 today, highlighting crypto’s unmatched returns.

Vietnam Caps Crypto Pilot at Five Licensed Exchanges: Officials will issue just five licenses under the new crypto pilot, a move experts say favors big players and could push smaller innovators and liquidity out of Vietnam’s fast-growing market.

Russia’s A7A5 Stablecoin Moves $6B Despite Sanctions: The ruble-backed token, legally approved in Russia and tied to sanctioned Promsvyazbank, has processed $6 billion in cross-border trades – showing how Moscow uses crypto to bypass restrictions.

New Yorkers Get Green Light for Crypto Staking: Coinbase has won state approval to offer staking services in New York, letting users earn rewards on assets like Ethereum and Solana – expanding access now to 46 U.S. states.

Citi Ventures Invests in BVNK to Boost Stablecoin Infrastructure: Citi’s venture arm has made a strategic investment in BVNK, backing its mission to scale global stablecoin payments. BVNK processes over $20B annually for enterprises like Worldpay and Flywire.

What’s Next for Crypto?

Major shifts to expect ahead

• Political headlines are steering the market – from tariffs to pardons, policy is the new volatility driver.
• Regulation is shifting from reaction to framework, with the U.S. finally setting clearer lanes for innovation.
• Stablecoins are evolving from fintech tools to state-backed infrastructure, blurring lines between crypto and traditional banking.
• Institutional adoption is no longer hypothetical – Wall Street indexes and bank advisories now treat digital assets as core exposure.
• Global diversification continues, with Asia, Europe, and even U.S. states experimenting with local digital currencies and pilots.

Stay tuned for next week’s roundup of the biggest moves shaping the crypto market.

The post How Low Could Ethereum Go If $3,500 Support Breaks? appeared first on Coinpedia Fintech News

The Ethereum price suffered a steep decline as panic gripped global markets, pulling ETH/USD from near $4,300 to a low of $3,510 before partially rebounding toward $3,830. The move came amid one of the largest single-day selloffs of 2025, fueled by nearly $19 billion in crypto liquidations. 

This scared market participants and institutions worldwide, even the most sturdiest Blackrock ETH ETF product “ETHA” saw $80.2 million outflow alongside the outflows by other AUM’s.

Broader market sentiment turned sharply risk-off following renewed geopolitical tensions and macroeconomic uncertainty. The ETH price today mirrored the overall crypto downturn, with Bitcoin, Solana, and other large-cap tokens facing double-digit losses. 

Despite the steep drop, Ethereum managed to stabilize slightly above $3,800 as buyers stepped in at major technical support levels.

Tariff Shock Triggers Sell-Off Across Markets

The catalyst behind the decline stemmed from political headlines rather than blockchain fundamentals. Late Friday, President Donald Trump announced via Truth Social that the U.S. would impose a 100% tariff on Chinese imports starting November 1. He also hinted the move could come sooner, depending on China’s response.

In addition, it was rumoured that Trump would not meet with Chinese President Xi Jinping during the upcoming APEC South Korea 2025 summit on Oct 29-31, but he denied this rumour personally, today in the media. A signal that trade tensions could have a chance to get better rather than intensify as Trump is already becoming more angrier. 

However, the spike in tariff rate majorly rattled both traditional and digital asset markets, triggering widespread selling pressure.

Global indices reacted swiftly: the S&P 500 fell 2.71%, the Dow Jones dropped nearly 1.90%, while gold often seen as a safe-haven surged 1.02% to $4,016 per ounce. As investors sought stability, ETH crypto and other risk assets experienced sharp outflows.

Technical Picture Turns Bearish but Long-Term Outlook Holds

From a technical standpoint, the Ethereum price chart shows a temporary breakdown in bullish momentum. A bearish crossover between the 20-day and 50-day exponential moving averages (EMA) confirmed short-term selling pressure. 

However, the 200-day EMA, a critical long-term support indicator, continues to hold firm, preventing deeper losses for now.

If the 200-day EMA and the $3,500 support zone remain intact, a recovery toward $3,900 or even $4,100 is possible in the short term. But a decisive break below this level could expose Ethereum to further downside, with potential targets near $3,100 or even $2,600 according to the ETH price forecast.

Still, long-term market observers remain cautiously optimistic. Despite short-term volatility, Ethereum’s on-chain health, active developer ecosystem, and continued staking participation could support gradual recovery once macroeconomic pressures ease.

Buyers Eye Recovery as Macro Factors Stabilize

As the market digests the impact of tariffs and potential rate adjustments, traders are watching how Ethereum price USD behaves near its long-term support. A stabilization above $3,500 could renew buying momentum, especially as institutional accumulation resumes across key exchange addresses.

At this point, the Ethereum price sits at a crucial crossroads holding above its lifeline support could determine whether the current correction becomes a springboard for the next bullish wave or extends into a deeper pullback phase.

The post XRP’s $10 Price Prediction vs. Ozak AI’s $1 from $0.012 — Which Offers a Better Risk-Reward Ratio? appeared first on Coinpedia Fintech News

The crypto market is currently in a robust recovery period as investors are shifting towards potential assets. XRP and Ozak AI are now trailblazers on two different investment paths. One is founded upon institutional trust and the other is founded upon innovation and expansion. The recent technical layout of XRP suggests a potential breakout to $10, and the Ozak AI presale indicates an initial increase to $0.012 with forecasts of around $1. These two are both appealing to investors, but the risk-reward ratio varies drastically.

XRP Targets $10 as Technical Momentum Strengthens

The XRP price shows renewed strength after months of sideways movement. Technical analyst Egrag Crypto said XRP repeated its 2017–2018 fractal pattern and could soon enter a euphoric phase. He estimated a target of about $10, which was backed by the strength of XRP at the point of consolidation. The token has escaped out of a falling triangle, which is a common indicator of a powerful reversal following extended compression.

Source: X

This change is supported by momentum indicators. The MACD line broke across the Signal and Zero lines, indicating increasing buying pressure.

The legal victory of Ripple over the SEC eliminated a significant overhang that had hampered investor participation. This withdrawal of the case enhanced sentiment and rebuilt confidence among the big holders. Analysts indicated that this event also raised the chances of institutional adoption on a large scale. The valuation of XRP at full dilution of close to $300 billion indicated its significant market presence. Its size might, however, restrain explosive percentage returns relative to new smaller-cap projects.

Youtube embed:

Next 500X AI Altcoin

Ozak AI’s Presale Gains Momentum from $0.012

Whereas XRP demonstrates maturity, Ozak AI can provide early-stage growth. The project integrates blockchain automation with predictive analytics and smart contract solutions using artificial intelligence. The presale has already brought in more than $3.6 million by selling just over 934 million tokens at $0.012 each. The second presale stage will raise the price to $0.014, which will reflect a steady investor demand.

Analysts believe that there is high community interest because of the use of Ozak AI in the forecasting of data and integration of DeFi. The platform is involved in the creation of AI-based trading and risk analysis applications for decentralized markets. This approach places Ozak AI in the center of two fast-growing sectors—AI and blockchain automation. Market analysts project that the token may hit $1 in the case of increased adoption in 2026. This would imply more than 80x growth.

Comparing Risk and Reward

The case of XRP is attractive to investors who want to have stability, legal certainty, and long-term liquidity. Its development might be gradual yet less impactful. Ozak AI, in contrast, appeals to individuals who are comfortable taking on early risk for high payoff.

Risk management is the determining factor. The structure of XRP suits the conservative portfolios that want to realize sustainable growth. Ozak AI is appropriate for aggressive investors seeking exponential returns on new technology. The two projects represent two different faces of the same crypto opportunity coin.

The strategic partnership on the side of Ozak AI with different projects such as SINT, HIVE Intel, Weblume, Pyth Network and others is also a plus. 

The Balanced View

XRP represents strength and proven resilience. Ozak AI is an example of early-stage growth in AI-driven finance. Blended investors can have safety with a high growth exposure. With the 2025 bull cycle accelerating, diversifying between the existing resources and visionary projects might provide optimal results. The market is now rewarding the aggressors who move and position themselves in the early stages of the next wave of digital wealth.

For more information about Ozak AI, visit the links below:

Website: https://ozak.ai/ 

Twitter/X: https://x.com/OzakAGI 

Telegram: https://t.me/OzakAGI 

The post Is the SOL Price Correction a Buying Opportunity Ahead of ETF Approval? appeared first on Coinpedia Fintech News

The SOL price experienced a steep decline on October 11, falling from $221.95 to $184.15 in just 24 hours as the broader cryptocurrency market plunged. Over $250 billion in value was wiped from global crypto capitalization, which dropped 9% to $3.83 trillion. According to the Solana price chart, the token lost 15% in a single day, extending losses to 20% weekly and 18% over the past month.

This sharp correction broke the lower support of its ascending channel, an alarming technical signal that pushed SOL price today below the critical $200 mark. The drop came unexpectedly following a cascade of liquidations and heightened geopolitical anxiety.

Tariff Shock Triggers Fear and Liquidation

The trigger behind the abrupt decline was political rather than crypto-specific. Late on October 11, President Trump announced plans to impose a 100% tariff on Chinese imports starting November 1. The statement followed China’s decision to limit exports of rare earth elements vital to the semiconductor and tech industries.

This announcement rattled global markets, sparking a wave of risk-off sentiment. Adding to the turbulence, the U.S. administration also revealed forthcoming export restrictions on critical software further amplifying concerns of a trade war escalation. 

In response, traders rushed to de-risk, accelerating sell pressure across major digital assets, including Solana crypto, which suffered one of the heaviest declines among large-cap tokens.

ETF Approval Optimism Could Revive Momentum

Despite the turmoil, optimism still lingers for SOL price forecast as the likelihood of multiple U.S.-approved Solana ETF has strengthened significantly. 

Following recent regulatory reforms that simplified the SEC’s listing standards, the chances for ETF approval have surged to near certainty. Currently, the Block ETF tracker data confirms only 3 products live and many others are still on the waitlist.

These developments could become a turning point for Solana, as institutional exposure through ETFs may attract significant liquidity inflows. 

A U.S.-listed Solana ETF would signal regulatory confidence, potentially reigniting investor demand and supporting SOL price USD recovery in the weeks ahead.

Rate Cuts and Macro Risks Shape Short-Term Outlook

While short-term price action remains uncertain, potential Federal Reserve rate cuts later this month could bolster sentiment. Historically, rate cuts have funneled capital into risk assets, benefiting digital currencies like Solana.

However, if macroeconomic tensions escalate or trade restrictions deepen, the SOL price prediction could turn more bearish, with a possible test of lower support areas near $170. Nonetheless, a stabilization above $185 coupled with ETF momentum may mark the beginning of a rebound phase.

In summary, SOL price stands at a critical juncture squeezed between macroeconomic fear and institutional optimism. A confirmed ETF approval could shift the tide, but global uncertainty remains the dominant factor shaping near-term movements.

The post Is This the Last Chance to Buy XRP, or Will It Drop Below $1? appeared first on Coinpedia Fintech News

The cryptocurrency market has been in turmoil, and XRP has not been spared. After days of heavy selling, XRP is now trading at $2.37, down sharply from its recent high of $3.18. The token even touched a low of $1.53, leaving many wondering whether this is a golden buying opportunity or the start of a deeper fall.

This decline is not unique to XRP — the entire altcoin sector has been moving in sync with Bitcoin and Ethereum. When major coins dropped, smaller assets followed suit, amplifying losses across the board.

Is the Bottom In, or Is More Pain Ahead?

Some experts say XRP hasn’t reached its bottom yet. They expect another leg down, possibly toward the $1.30–$1.50 range, before a sustained rebound. Others think the worst may be over, with the recent crash flushing out excess leverage from the system.

Bitcoin’s next move will likely decide XRP’s direction. If Bitcoin stabilizes above important support levels, XRP could regain strength. However, if Bitcoin falls below $100,000, another dip for altcoins could follow.

XRP Price Analysis: Analyst Warns of a Larger Pullback

Analyst Josh said that XRP is still showing the bearish divergence he talked about months ago. Since July, he had been warning that the price could see a larger pullback, even though many did not agree at the time.

He explained that XRP breaking below $2.70 was an early sign of weakness. Once that level failed to hold, the next targets were around $2.50 and then close to $2 — both of which have now been reached. After this big move down, he expects XRP to calm down over the next few days.

The price could move sideways for a while, showing small bounces and dips as the market settles. According to him, this short period of quiet trading will likely come before the next clear direction appears.

The post $800 Billion Crypto Crash: Why Bitcoin, Ethereum, XRP and Altcoins Are Falling appeared first on Coinpedia Fintech News

The cryptocurrency market suffered a massive wipeout, erasing nearly $800 billion in value within 24 hours. Around $19.2 billion in leveraged positions were liquidated as panic spread across exchanges.

Bitcoin plunged to $110,951, marking a 16% drop, while Ethereum slipped to $3,795, down more than 12%. The total crypto market capitalization fell to $3.69 trillion, its sharpest single-day decline in months. Altcoins were hit even worse. XRP fell 25% to $2.34, and Dogecoin dropped 28% to $0.18. Solana slid to $177, Cardano fell over 25%, and BNB lost ground, trading near $1,122.

What Sparked the Selloff

Analyst Ash Crypto explained that the market’s collapse was like a chain reaction, a sudden stop in a highly leveraged game where too many traders had borrowed money to stay in. When prices started falling, everything quickly unraveled.

The setup had been building for weeks. Crypto traders, especially on major centralized exchanges, were using heavy leverage, borrowing funds to amplify their bets. Many used “cross-margin” accounts, where one pool of collateral backed several trades at once. This made the market very fragile.

Why the Market Was Vulnerable

The trigger came when the United States announced new tariffs, creating fear across global markets. Bitcoin and Ethereum fell first, and because crypto assets tend to move together, altcoins followed. Their thin order books made the situation worse since even small sell orders caused large price drops.

As prices broke below key levels, exchanges began automatic liquidations to cover loans. This forced the sale of collateral, often in altcoins, which pushed prices down even further. One liquidation led to another, creating a domino effect that erased more than 20 billion dollars in positions within hours.

Crash or Cleansing?

Ash explained that this type of liquidation cascade is common when leverage gets too high. He also noted that such crashes often reset the market and prepare it for the next major rally.

He added that similar events, such as the COVID crash in 2020 and the FTX collapse in 2022, both led to massive bull runs afterward. If history repeats, this sharp correction might be setting up another strong comeback later this year.

The post XRP News: Price Falls 20%, But $500M Planned Corporate Purchases Could Push Price appeared first on Coinpedia Fintech News

XRP price is currently down and is trading below $2.50. However, XRP faces two main factors that could shape its price over the next 12 months: possible ETF approval and growing corporate interest in holding XRP.

ETF Approval Could Bring More Liquidity

Analyst Crypto Sensei said the market is awaiting for spot XRP ETFs. Approval could increase buying activity.

XRP has low liquidity on exchanges. Small inflows or outflows can change the market cap by 50 to 100 times. Retail investors own around $2 billion XRP. Ripple holds $35 billion in escrow and another $5 to $7 billion for on-demand liquidity. Most of the supply is held by institutions.

Sensei said large inflows could reduce price swings. Investors should not expect extreme price jumps. The market could grow steadily once liquidity increases.

Companies Are Adding XRP to Treasuries

Several companies are buying XRP for their balance sheets. Reliance Global bought $17 million in September. Gumi in Japan added $13.5 million. Vivo Power purchased $100 million through BitGo. Other companies, including Trident Digital Tech and Webus, have made large acquisitions. Smaller firms like Nature’s Miracle and Hyperscale Data also added XRP.

Sensei said banks and financial institutions have not yet joined in. Once regulation is clear, more companies could start holding XRP. Limited supply and growing demand could influence the price.

“We haven’t seen major banks or financial institutions make these moves yet,” he said. “Once regulation is clear and companies feel confident, this could create a real supply problem. That’s when things could get interesting.”

The Next Phase: From Early Adoption to Global Integration

The analyst also said that many of these companies are not building decentralized applications or new networks. Instead, they are holding XRP as a treasury asset to strengthen their balance sheets and attract investors — similar to how Bitcoin was used by early corporate treasuries.

He compared the current phase of XRP adoption to the early stages of Ethereum and Bitcoin corporate investments. “If we start seeing this pattern spread globally, XRP could become a common asset for company reserves,” he said. “And that kind of adoption can quietly build momentum behind the scenes.”

The post Trump Tariff News: Crypto Crashing Amid Trump Tariff Escalation With China appeared first on Coinpedia Fintech News

Donald Trump’s announcement of a 100% tariff on Chinese imports starting November 1 has sent shockwaves through both traditional financial markets and the cryptocurrency sector. The tariff comes in response to China’s recent restrictions on rare earth material exports, which are crucial for high-tech manufacturing, intensifying fears of a full-blown trade war between the world’s two largest economies.

The news immediately triggered a 2.7% drop in the S&P 500, reflecting widespread market volatility. Bitcoin, which was already under pressure near $117,000, plummeted below $110,000, marking a 12% decline within 24 hours. The dramatic sell-off underscores growing investor caution as geopolitical tensions weigh heavily on global risk assets.

Crypto investor Ram Ahluwalia described the day as “brutal,” attributing the sharp declines to Trump’s tariff announcement and the market’s technical exhaustion. Prominent crypto trader Pentoshi ranked the crash among the top three largest crypto market crashes in history, noting the emotional toll on traders as “incredible.”

Crypto Stocks Plunge Amid Market Uncertainty

Companies with significant crypto exposure were among the hardest hit. Coinbase (COIN) fell 7.75%, closing at $357.01, after reaching an intraday low of $351.63. Bullish (BLSH) dropped 9.42% to $60.37, while Bitcoin treasury firm Metaplanet (MTPLF) slid 2.25% to $3.48 after briefly touching $3.65.

Bitcoin mining company MARA Holdings experienced one of the largest declines, falling 7.67% to $18.65, followed by an additional 1.72% drop in after-hours trading. These losses highlight how quickly investors retreated from crypto-linked stocks amid rising global uncertainty.

MicroStrategy’s Valuation Under Increasing Pressure

MicroStrategy (MSTR), a leading Bitcoin treasury company, also suffered a significant sell-off, falling 4.84% to $304.79. Analysts warn that beyond short-term price declines, the company’s underlying fundamentals are increasingly under pressure.

MicroStrategy’s multiple-to-net asset value (mNAV) has now dropped below 1.18, its lowest point in 19 months. Geoffrey Kendrick of Standard Chartered emphasized that maintaining an mNAV above 1.0 is critical for Bitcoin treasury firms. A drop below this threshold signals balance-sheet vulnerabilities and potential consolidation risks.

Debt and Investor Pressure Mount on Bitcoin-Backed Firms

MicroStrategy and similar firms are also pressured by PIPE (Private Investment in Public Equity) financing structures used to fund Bitcoin purchases. According to CryptoQuant, these stocks often trend toward their discounted PIPE prices, leaving early investors with potential losses of up to 55%.

Currently, MicroStrategy holds approximately $78 billion in Bitcoin, while its market capitalization stands at $94 billion, reflecting a $16 billion premium tied to investor optimism in Michael Saylor’s Bitcoin-backed strategies. However, with annual profits below $350 million, analysts warn that investor optimism may soon face a stern test amid growing market headwinds.

The post Bitcoin Price Crashes 9% Amid Historic $19B Liquidation, What’s Next? appeared first on Coinpedia Fintech News

The crypto market endured its most dramatic setback yet, as total market capitalization nosedived by 8.92% overnight to $3.76 trillion. Successively, CoinMarketCap’s CMC20 index mirrored this plunge, setting at $239.42 as panic swept the industry. 

The Crypto Fear & Greed Index is slumping to a fear-driven 35, and the average crypto RSI is falling into an oversold region at 25.97. As a result, the investor confidence faded almost instantly. At the center of this storm, the Bitcoin price crashed steeply, facing intense selling pressure. Further amplifying the sense of crisis and fueling a wave of heavy liquidations that left both traders and long-term holders reeling.

Liquidations Surge Past $19.31 Billion

In what marketers are calling the largest crash in crypto history, a staggering $19.31 billion in positions were liquidated within 24 hours. As per CoinGlass, Bitcoin led the tally with $5.36 billion shed, followed closely by Ethereum at $4.42 billion. Over 1.66 million traders were wiped out as the market underwent a historic leverage flush.​

What set this event apart was the convergence of macroeconomic panic and overleveraged derivatives exposure. The catalyst? President Trump’s aggressive stance on Chinese tariffs sent shockwaves across global markets. Including stocks and digital assets.

Bitcoin Price Analysis:

Bitcoin price tumbled 6.91% in a single day to $112,759.64, marking an 8.02% loss over the past week. The market cap dipped by 6.85% to $2.24 trillion, although trading volume soared 141% to $179.86 billion. BTC’s price action saw a dramatic drop below critical moving averages, breaching the psychologically key $113K level and touching a 24-hour low of $104,582.​

Technically, watch for price defenses around $109,200, the 78.6% Fibonacci retracement. Consequently, an oversold RSI at 24.85 suggests relief might be due. But the overall backdrop remains clearly risk-off until macro uncertainty fades and ETF inflows broaden beyond a single provider.

FAQs

The post Sui Price Crash: Will it Bounce Back or Break Lower? appeared first on Coinpedia Fintech News

It’s been a wild 24 hours for Sui, where we’ve witnessed one of the fastest and most dramatic moves in the crypto market this year. As someone well-versed in crypto trading, the idea of a token nosediving nearly 87% in mere minutes is nerve-wracking. On October 10, the SUI price crashed from $3.80 to just $0.50 after 44 million tokens worth over $144 million were unlocked. Pouring into thin order books across Binance and Coinbase. 

This cascade set off over $500 million in liquidations, including $100 million from SUI positions. Despite a partial recovery to $2.40, SUI ended up down 20.75% in 24 hours, outpacing the broader crypto market’s drop of around 9%. Now, SUI holders anxiously watch for signs of stabilization, hoping to spot the bottom as the technical picture continues to deteriorate.

Price Analysis: Sui Tests Critical Supports

After the gush of selling set off by the token unlock and market-wide deleveraging, SUI finds itself wobbling ear key support levels. The Sui price currently sits at $2.76, marking a massive 20% single-day loss and 22% drop across the last week. SUI’s market cap has shrunk to $10.01 billion after shedding over $2.5 billion. While trading volumes exploded 294%, reflecting panic-driven moves.​

Technically, things look grim. SUI sliced through its 7-day SMA at $3.40 and critical Fibonacci support at $3.26, formerly the 23.6% retracement. The breakdown triggered algorithmic selling and stop-losses, pushing SUI toward the next notable support at $2.82, the 38.2% Fibonacci retracement. The RSI-14 now hovers near 28, deep in oversold territory. If SUI fails to hold above $2.82, the price risks plunging toward $2.11, the last strong technical lifeline before another wave of forced selling.

A bounce above $3.26 would be key for short-term relief, giving trapped longs a chance to exit. But as open interest in SUI derivatives drops 15%, traders seem to be pulling back, unwilling to reenter leveraged bets until volatility steadies. For now, SUI’s fate is locked into watching how well buyers can defend these support zones amid ongoing market uncertainty.

FAQs