[LIVE] Crypto News Today, October 17 – After Trump’s Speech, Crypto Market Crashes Further: Gold Price Hits ATH, Bitcoin Falls to $104K, ETH Below $3.7K — Is This the Best Crypto to Buy Opportunity?

The crypto market continued to say no on Thursday and as we speak, October 17, following renewed world uncertainty after former U.S. President Donald Trump’s feedback about imposing 100% tariffs on Chinese language imports. The specter of commerce disruption pushed buyers towards defensive property, weighing on each equities and digital currencies. With market sentiment sinking, merchants are actually questioning whether or not this correction might current the very best crypto to purchase alternative earlier than year-end.

Complete crypto market capitalization fell 4.67% to $3.61 trillion, whereas the CMC20 Index dropped 5.4%. Bitcoin

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Bitcoin
BTC

$105,400.52

2.14%

Bitcoin
BTC

Worth

$105,400.52

2.14% /24h

Quantity in 24h

$73.97B
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Worth 7d

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traded close to $104,900, down 5.3% in 24 hours and 12.18% over the week. Ethereum

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Ethereum
ETH

$3,790.37

2.55%

Ethereum
ETH

Worth

$3,790.37

2.55% /24h

Quantity in 24h

$39.42B
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slipped under $3,700, whereas Solana

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Solana
SOL

$179.14

4.47%

Solana
SOL

Worth

$179.14

4.47% /24h

Quantity in 24h

$9.74B
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now at $176,

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BNB
BNB

$1,070.94

2.78%

BNB
BNB

Worth

$1,070.94

2.78% /24h

Quantity in 24h

$3.27B
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, and Cardano

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Cardano
ADA

$0.6131

3.25%

Cardano
ADA

Worth

$0.6131

3.25% /24h

Quantity in 24h

$1.47B
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every declined between 7% and 9%.

The Crypto Worry & Greed Index dropped to twenty-eight (“Worry”), signaling weakened sentiment. The typical crypto RSI of 35.88 additionally factors to oversold circumstances throughout main property.

EXPLORE: High 20 Crypto to Purchase in 2025

Gold Extends Report Rally as Traders Shift to Secure-Haven Property

Gold costs continued their record-breaking climb for a fourth consecutive day on Thursday, October 16, as merchants moved away from threat property amid escalating U.S.–China commerce tensions and rising fears of a U.S. authorities shutdown. Spot gold surged 3% to $4,380 per ounce.

(Supply: TradingView)

Gold has now gained greater than 60% in 2025, supported by geopolitical uncertainty, expectations of Federal Reserve charge cuts, sturdy central financial institution demand, and a continued transfer towards de-dollarisation. Analysts attribute a lot of the rally to renewed safe-haven shopping for, with buyers more and more diversifying away from risky equities and crypto property.

In the meantime, Washington’s criticism of China’s rare-earth export restrictions and Trump’s plan for one more summit with Russian President Vladimir Putin added to geopolitical uncertainty. The U.S. Federal Reserve is now extensively anticipated to chop charges twice earlier than year-end, with October and December chances at 98% and 95%, respectively.

Reflecting the broad transfer into treasured metals, silver rose 1.8% to US$54.04 per ounce, setting a brand new file at US$54.15, whereas platinum superior 3.2% to US$1,706.65, and palladium jumped 4.6% to US$1,606.00.

DISCOVER: Why Is Crypto Crashing? Did Robinhood Simply Mark the Finish of the Cycle?

ETF Outflows Increase Warning, Merchants Ask: What’s the Finest Crypto to Purchase Now?

On October 16, U.S. spot Bitcoin ETFs reported $536 million in internet outflows, the most important single-day withdrawal since August. Not one of the twelve funds recorded inflows, whereas Grayscale’s GBTC and Constancy’s FBTC led redemptions. Spot Ethereum ETFs noticed $56.88 million in outflows, with BlackRock’s ETHA the one one to put up a small influx.

Bitcoin is now testing key help close to $104,000, a degree that beforehand triggered $2.1 billion in liquidations. The continued correction displays a mixture of trade-related nervousness, institutional withdrawals, and derivatives stress.

Whereas sentiment stays weak, analysts are watching whether or not ETF flows stabilize and if present costs might signify long-term accumulation zones.

For buyers assessing alternatives amid worry, upcoming classes might assist establish the very best crypto to purchase as market volatility settles.

There are not any reside updates obtainable but. Please verify again quickly!

The put up [LIVE] Crypto Information Immediately, October 17 – After Trump’s Speech, Crypto Market Crashes Additional: Gold Worth Hits ATH, Bitcoin Falls to $104K, ETH Under $3.7K — Is This the Finest Crypto to Purchase Alternative? appeared first on 99Bitcoins.

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