- Bitcoin worth fell to close $106,400, a pointy decline as shares additionally tanked.
- Liquidations hit over $1 billion, with greater than $400 million for BTC bulls.
- Most prime altcoins plummeted too, with Ethereum dipping to beneath $3,700 and Solana to $179.
The crypto market’s newest bearish flip has seen Bitcoin worth plummeting to round $106,411, its lowest worth since dipping to close $104,000 on October 17.
With total weak point throughout threat belongings, Bitcoin’s sharp drop worn out billions in market worth and triggered widespread liquidations that topped $1 billion as of writing on Oct. 30, 2025
Notably, this sell-off comes amid macroeconomic pressures, together with uncertainty over Federal Reserve rate of interest insurance policies and disappointing company earnings from tech giants.
Bitcoin dumps to close $106k amid crypto weak point
As famous, Bitcoin skilled a pointy decline on October 30, 2025, falling to a low of $106,411 as broader crypto weak point intensified.
This drop got here alongside a tumultuous day in conventional markets, the place shares additionally tanked, led by the Nasdaq Composite.
The tech heavy index fell greater than 1.4% and the S&P 500 misplaced over 0.8% as shares pared latest positive aspects.
Weak spot in crypto mirrors the broader monetary panorama, the place Federal Reserve Chair Jerome Powell’s cautious stance on a possible December price minimize added to the uncertainty, contributing to the decline in equities.
As such, market sentiment has turned more and more bearish, with predictions suggesting additional draw back stress.
Merchants on betting platform Polymarket now see a 61% likelihood that Bitcoin will dip beneath $100,000 earlier than 2026.
It is a notable enhance in likelihood that underscores rising pessimism amongst contributors.
Nonetheless, analysts are bullish nonetheless, with BTC having tanked to lows close to $100k and bounced laborious in subsequent periods.
Crypto liquidations hit $1 billion as altcoins tank
Broader market turmoil has culminated in liquidations surpassing $1 billion over the previous 24 hours, with this coming as leveraged positions have been forcibly closed amid cascading worth drops.
Information signifies that lengthy positions bore the brunt, accounting for almost all of losses, with Bitcoin liquidations alone totaling round $424 million.
Ethereum adopted with substantial wipeouts estimated at $317 million, whereas Solana noticed roughly $79 million in liquidations.
Whereas these figures pale compared to the $19 billion worn out not too long ago, they’re nonetheless one of many largest single-day occasions in latest months.
Coinglass knowledge reveals the liquidations hit 237,311 merchants, with largest single liquidation being $21.4 million in BTC-USD on Hyperliquid.
Information nonetheless reveals extra merchants stand to be worn out if BTC jumps above $112,000.
🚨 $3 BILLION Bitcoin shorts to be liquidated if BTC rallies simply 5% to $112,600 🙏 pic.twitter.com/ukA0bbrju1
— Bitcoin Archive (@BTC_Archive) October 30, 2025
All prime 10 altcoins by market capitalization have tanked in tandem, with Ethereum dropping to $3,680, BNB to $1,050 and XRP to $2.36.
Solana worth fell to $179 as Leap Crypto reportedly swapped $205 million SOL for Bitcoin.
