The global crypto market managed a modest 1.6% recovery this week despite heavy volatility, closing just below $3.8 trillion in total market capitalization. Bitcoin, which started the week near $114,000, plunged below $103,600 on October 17 before staging a strong rebound to finish above $108,000.
Bitcoin Whipsaws Amid Global Uncertainty
It was a turbulent week for digital assets as macroeconomic jitters sent shockwaves through global markets. Concerns over the health of U.S. regional banks — a recurring source of financial instability — combined with renewed U.S.–China trade tensions, triggered a wave of risk-off sentiment that dragged crypto prices sharply lower on Thursday.
After an early-week decline that saw double-digit percentage losses across major assets, bitcoin (BTC) briefly broke below key support at $103,600, sparking fears of cascading liquidations. Yet the market’s resilience shone through: within 48 hours, BTC surged back above $108,000, restoring a measure of confidence to battered traders.
Still, the correction remains significant. Since hitting an all-time high of $126,000 on October 6, bitcoin has lost roughly 14%, erasing nearly all of its month-to-date gains.
Altcoins Show Mixed Results as Sentiment Stabilizes
Major altcoins followed bitcoin’s lead but showed signs of stabilization heading into the weekend.
Ether (ETH) hovered just below $4,000, finishing the week down less than 1%.
BNB, previously a market standout, posted one of the steepest declines — down 11.8%, with its market cap dropping from $190 billion to $156 billion, slipping behind USDT in overall rankings.
Reports of a possible new announcement from the Trump administration rattled markets midweek, but when no policy shock materialized, global risk assets — including crypto — quickly rebounded.
Interestingly, several large-cap altcoins defied the broader trend, closing the week 3%–5% higher as investors selectively rotated into beaten-down names.
Market Outlook: Volatility Persists, but Resilience Holds
Despite sharp intraday swings, the crypto market continues to display notable resilience against macro-driven volatility. Traders now eye the $108K–$112K zone as short-term resistance for BTC, while $103K remains the crucial support level to watch.
With risk sentiment still fragile, analysts expect the coming week to bring more range-bound action — but also opportunities for disciplined buyers as liquidity and institutional demand gradually return.
📊 Summary:
Crypto markets endured a sharp sell-off but showed remarkable strength in recovery. Bitcoin’s rebound above $108,000 signals that bulls remain active — even amid macroeconomic turbulence. Whether this resilience marks the beginning of a broader trend reversal will depend on how global markets digest upcoming economic data and central-bank moves.
