Why Is Crypto Down Today? – October 17, 2025
The crypto market is down today, with the cryptocurrency market capitalization decreasing by 4.9%, falling to $3.67 trillion. Of the top 100 coins, 97 have dropped over the past 24 hours. At the same time, the total crypto trading volume is at $234 billion.
TLDR: The crypto market capitalization is down by 4.9% on Friday morning (UTC); 97 of the top 100 coins and all top 10 coins are down; BTC is down 4.5% to $105,732, and ETH fell 6% to $3,764; A break below $99,900 could lead to a much deeper correction; ’There is a strong conviction in Bitcoin as a utility asset, not just a store of value’; ’We are likely to see Bitcoin move more in tandem with other financial markets’; US BTC and ETH spot ETFs both saw outflows on…
