Cryptotrap: Ethereum, XRP, Solana, BNB fall as Bitcoin plummets

• Bitcoin falls below $104,000 as the cryptocurrency’s slide deepens.
• $1 billion in crypto liquidations hit traders in less than 24 hours.
• Aave, Flair, BCH sink. Jito jumps into investing in a16z.

Cryptocurrency markets extended a volatile week with widespread declines, erasing gains from the previous quarter as Bitcoin fell below $104,000.

Meanwhile, the global cryptocurrency market capitalization decreased by more than 3% to $3.5 trillion, but recovered slightly as Bitcoin regained the $107,000 level.

coin glass data Global cryptocurrency liquidations soared to more than $1.04 billion in 24 hours, showing that longs were hit the hardest.

Open interest fell 3.8% to $150 billion as Ethereum, XRP, Solana, and BNB all retested and in some cases fell below key levels.

Bitcoin falls to $103,598

On Friday, October 17, 2025, Bitcoin led the market sell-off. Although this plunge was not as bloody as the annihilation seen on October 10th, the drop to a low of $103,500 marked another major swing for BTC.

The benchmark digital asset had partially recovered to a high of $106,600 at the time of writing.

But the downturn has created new fears in a market that witnessed a historic $19 billion liquidation event a week ago.

Notably, Bitcoin’s collapse comes as investors across Wall Street are reeling from news of bad loans from two regional US banks.

The frightened market’s reaction has been muted, and BitMEX co-founder Arthur Hayes has shared his view on what that means.

$BTC Now on sale. If the turmoil at U.S. regional banks escalates into a crisis, we need to be prepared for a bailout like the one in 2023. Then, assuming you have the funds, go shopping. I brought the list, what’s on it for your family? pic.twitter.com/TbuQQI3njN

— Arthur Hayes (@CryptoHayes) October 17, 2025

ETH, XRP, SOL, BNB reflect BTC’s woes

Bitcoin dominated the headlines with its sharp decline, with intraday prices ranging from $109,260 to $103,598. However, the corruption was widespread, with Ethereum, XRP, Solana, and BNB all losing a significant portion of their recent gains.

Specifically, Bitcoin’s woes due to large-scale ETF outflows caused the price of Ether to fall below $3,680.

This pushed the decline below the key support level at $4,000, but at the time of writing, bulls were holding the price close to $3,800.

Crypto analyst Lark Davis said Ethereum is at a make-or-break level.

Ethereum returns to the main zone here.

Price is testing the weekly 20 EMA. Perfectly lined up with horizontal support and 0.382Fib.

We can either hold this area and move higher, or we can start looking at the next lower bar towards 0.618.

decision time $ETH. pic.twitter.com/JtdsBXsUNC

— Lark Davis (@TheCryptoLark) October 17, 2025

Elsewhere, XRP price fell more than 4% to hit a low of $2.20, well below the key support at $2.50 and the psychologically important $3.00.

Ripple’s acquisition of finance company GTreasury and reports of XRP raising $1 billion could be key to the bullish mood.

Solana was trading around $182, but fell nearly 5% as it hit a low of $174 to inject fresh bearish mood below the critical $200.

The market also saw increased profit-taking in BNB, one of the best performing companies in the past few months, as its price hit a low of $1,024. BNB hit an all-time high of $1,370 on October 13th.

Aave, Flare and Bitcoin Cash rank among top losers

Top altcoins reflected the decline in BTC, with Aave, Aster, Flare, and Bitcoin Cash emerging as some of the day’s top losers as losses on Wall Street triggered a fire sale.

In particular, AAVE fell 13%. Aster -10%FLR traded -9.7% and BCH -8%, leading the underperforming stocks among the 100 largest coins by market capitalization.

Earlier in the day, Zcash drops below $190 Amid the 20% decline, ZEC made a slight rebound above $216. The value of Privacy Coin has fallen by 7% in the past 24 hours.

Ethena, ZORA, and Jito rose to the top, and Jito received the following benefits: bullish news Associated with a $50 million investment by a16z.

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