CRYPTO MARKET MELTDOWN: BTC & ETH HIT 7-MONTH LOWS
The market is bleeding as Bitcoin dumps to ~$87,300 and Ethereum slips to ~$2,810, wiping out over $1T from total crypto market cap. The October rally has fully reversed, and macro pressure is shaking investor confidence.
🚨 What’s Happening?
BTC now trades below its 2025 starting level and far from its $126K October peak.
ETH has lost almost all earlier gains, sitting well under the $3.1K–$3.2K resistance zone.
Total market cap: Crashed from $4.3T → $3.2T.
⚠️ Why the Crash?
Macro pressure: US added 119K jobs but unemployment jumped to 4.4% → markets expect fewer Fed rate cuts → risk assets tank.
High correlation with equities: Crypto behaving like a risk asset, not a hedge.
Heavy liquidations: Over $19B wiped on Oct 10, revealing structural weakness.
ETF outflows + deleveraging accelerating the sell-off.
Technical breakdowns: BTC lost $90K, ETH failed $2.9K → algo & forced
selling.
📉 Current Prices
BTC: ~$87,300 (7-month low)
ETH: ~$2,810 (back to pre-rally levels)
🔍 Key Levels to Watch
Bitcoin
Support: $85K–$88K, then $80K
Resistance: $92K–$95K
Ethereum
Support: $2,700–$2,800
Resistance: $3,150–$3,200
🧭 What Comes Next?
Market may be entering consolidation, not total collapse.
For a trend reversal, crypto needs:
✔️ Stabilizing macro conditions
✔️ Institutional demand
✔️ Strong on-chain accumulation
Until then—crypto will move with global risk sentiment.
#BTC #ETH #CryptoNews #BinanceSquare #BitcoinCrash
