Why Crypto Market is Down Today? Crypto Liquidation Spikes

**Crypto Market Crash October 2025: Bitcoin Falls to $104K as $370B Wiped Out**

The cryptocurrency market experienced a devastating downturn in October 2025, with massive liquidations driving widespread panic across digital assets. The crypto market capitalization plummeted by over $370 billion, marking one of the most severe corrections in blockchain history.

Bitcoin (BTC) crashed to $104,000, representing a significant decline from previous highs, while Ethereum (ETH) broke below the critical $4,000 support level. Altcoins suffered even more dramatic losses, with many digital currencies experiencing catastrophic drops between 50-90%.

The crypto liquidation spike triggered cascading sell-offs across decentralized finance (DeFi) protocols and major cryptocurrency exchanges. This market volatility has impacted institutional investors and retail traders alike, causing widespread concern about the stability of digital asset markets.

The cryptocurrency crash highlights the inherent volatility in blockchain-based investments and raises questions about market resilience. Traders are closely monitoring Bitcoin price action and Ethereum's performance as key indicators for potential recovery. This October downturn serves as a stark reminder of cryptocurrency market risks and the importance of proper risk management strategies.