Bitcoin eyes $100K as fear spikes and altcoins lose steam
Key Takeaways
How extreme is the present crypto market selloff?
Bitcoin and Ethereum have each dropped by 11% over the previous seven days, and altcoins have suffered even higher losses.
What does investor sentiment appear like?
The Crypto Concern & Greed Index has crashed to twenty-eight, excessive worry territory, and its lowest studying in over a month.
Bitcoin’s fourth consecutive day of decline has deepened market anxiousness, pushing the broader crypto sector into worry territory.
Ethereum [ETH] and most altcoins have mirrored the downtrend, erasing every week’s value of good points as merchants brace for potential additional draw back.
Bitcoin and Ethereum drop over 10% in seven days
In line with CoinMarketCap information, Bitcoin [BTC] has misplaced practically 11% previously week, dropping to round $104,000 on the time of writing.
The transfer extends its correction from the $125,000 peak reached earlier this month. It brings it dangerously near the $100,000 psychological degree, a zone final examined in June 2025.
Ethereum has fared little higher. The second-largest cryptocurrency has additionally dropped by about 11%, buying and selling close to $3,700 after failing to maintain momentum above $4,300 earlier in October.
4 straight days of crimson candles now threaten to tug ETH again towards the $3,000 vary except purchaser demand returns.
Altcoin market struggles to carry floor
The broader altcoin market has been hit even more durable than Bitcoin and Ethereum. In line with CoinMarketCap, a number of main belongings have recorded double-digit losses over the previous week.
Among the many high 20 cryptocurrencies, Cardano [ADA] fell 20.8%, Dogecoin [DOGE] dropped 24.2%, and Solana [SOL] slid 16.1%.
Layer-1 networks, akin to Avalanche [AVAX] and Sui [SUI], additionally skilled steep corrections of 26.1% and 25.8%, respectively — underscoring the severity of the sell-off.
The Altcoin Season Index at the moment stands at 28, indicating that the market has shifted decisively again towards Bitcoin dominance.
Supply: CoinMarketCap
The whole altcoin market capitalization stands at practically $1.46 trillion, down from roughly $1.7 trillion earlier within the week, reflecting broad investor warning.
Excessive worry takes maintain
The Crypto Concern & Greed Index has plunged to twenty-eight, its lowest degree in over a month, indicating that investor sentiment has swung from optimism to warning.
Traditionally, such readings coincide with intervals of market capitulation—or sign potential reversal zones when promoting stress turns into overstretched.
Supply: CoinMarketCap
Volatility could persist within the quick time period as merchants weigh macroeconomic uncertainties and liquidation dangers after final week’s sharp downturn.
Eyes on $100K assist
With each BTC and ETH in retreat, the important thing ranges to look at are $100,000 for Bitcoin and $3,500 for Ethereum.
A decisive break beneath these thresholds may set off additional liquidations and push the entire crypto market cap beneath the $4 trillion mark.
Conversely, if patrons defend these helps and the Concern & Greed Index begins to get better, the correction may give solution to consolidation earlier than a possible rebound heading into late October.
