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Crypto News Today: Bitcoin Crashes 31% From Its High to $87K as $1 Trillion Is Wiped Out; Ethereum Slides 44% to $2.8K Crypto News Today: Bitcoin Crashes 31% From Its High to $87K as $1 Trillion Is Wiped Out; Ethereum Slides 44% to $2.8K AI Summary The cryptocurrency market is reeling as Bitcoin fell to around $87,300, its lowest level in seven months, and Ethereum slipped to about $2,810, dragging more than $1 trillion in market value out of the digital-asset world. The correction is intensifying amid macro-uncertainty and fading institutional momentum. What to Know Bitcoin is trading near $87,300, a sharp fall from its October peak and now below its 2025 start level. Ethereum is trading around $2,810, having relinquished most of its earlier gains. The total crypto market cap has dropped from about $4.3 trillion at its October peak to roughly $3.2 trillion, indicating a loss of over $1 trillion. The U.S. economy added 119,000 jobs in September and the unemployment rate rose to 4.4%, fueling market risk-off sentiment. Crypto markets are increasingly moving in line with macro assets, not acting as a safe haven. The Crash’s Contours: What’s Driving the Wipe-Out Bitcoin’s drop below $90,000 and Ethereum’s slide below $2,900 signal the rally earlier this year has reversed. The market’s total capitalization peaked near $4.3 trillion on October 6 but now sits near $3.2 trillion, marking roughly $1 trillion in value runoff. The October 10 cascade—when more than $19 billion in leveraged crypto positions were liquidated—exposed structural fragilities. Forced selling, ETF outflows, and risk-off positioning are now converging to drive deeper corrections. “Investors are stabbing in the dark a bit — they haven’t got any direction on macro, so all they can see is what on-chain whales are doing and they’re getting quite worried about it,” said James Butterfill, head of research at CoinShares. Macro Backdrop: Jobs Data, Fed Expectations and Risk Off The delayed U.S. jobs report revealed#BTCVolatility #US-EUTradeAgreement $BTC $ETH

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REVOLUTION! 💥🌍 🚨 Larry Fink — the Titan of Wall Street and CEO of BlackRock, just dropped a state

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Yei Finance (CLO) Will Be Available on Binance Alpha and Binance Futures (2025-10-14)

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Solana ETFs Attract Significant Inflows Amid Market Challenges

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Ethereum(ETH) Drops Below 3,100 USDT with a Narrowed 0.67% Increase in 24 Hours

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BNB Surpasses 900 USDT with a 2.84% Increase in 24 Hours

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