💥 Crypto Market Wipeout: Bitcoin Crashes 31% to $87K, Ethereum Slides 44% to $2.8K
Crypto just faced one of its sharpest pullbacks of 2025. Bitcoin plunged to ~$87,300, its lowest in seven months, while Ethereum dropped to ~$2,810 — wiping out over $1 trillion from the total market cap 😬📉.
🔥 Key Highlights
BTC down from its ~$126K October peak to $87K
ETH down from above $5K earlier this year to $2.8K
Total crypto market cap drops from $4.3T → $3.2T
U.S. jobs: +119K, unemployment 4.4% → sparks risk-off
Crypto no longer behaving as a “hedge” — now moving with macro assets
📉 What’s Driving the Crash
Macro fears: Soft labor data + reduced Fed rate-cut odds
Leverage wipeout: $19B liquidations on Oct. 10 triggered forced selling
ETF outflows: Ongoing exits draining liquidity
Institutional hesitation: Momentum fading as macro uncertainty rises
Technical breakdowns: BTC losing $90K and ETH losing $2,900 accelerated algo selling
📊 Current Levels
BTC: ~$87,300 (support: $85K–$88K, next major ~$80K)
ETH: ~$2,810 (support: $2,700–$2,800; resistance ~$3,150–$3,200)
🔎 What to Watch Next
Fed and inflation data
ETF flows
Whale accumulation vs. distribution
Global risk sentiment and U.S. macro headlines
📌 Outlook Analysts say this may shift into consolidation rather than collapse — but BTC and ETH need macro stability + institutional inflows + strong on-chain accumulation to break the downtrend.
Until then, crypto continues to trade like a macro-correlated risk asset, not an independent cycle.
$ETH $TNSR $BTC ..
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