Bitcoin has slipped below the recent $108,000 support level, triggering liquidations in the bitcoin perpetual futures market totaling $147 million.Bitcoin has slipped below the recent $108,000 support level, triggering liquidations in the bitcoin perpetual futures market totaling $147 million.

Bitcoin Slips Below $108K, Altcoins Drop Over 10%

2025/10/18 18:37

Abu Dhabi, United Arab Emirates – October 17, 2025, Markets across the board are in risk-off mode as concerns mount over the US regional banking sector and broader credit market stress. The ripple effect is particularly evident in cryptocurrency markets, where bitcoin has slipped below the recent $108,000 support level, triggering liquidations in the bitcoin perpetual futures market totaling $147 million, according to Coinglass data.

More speculative altcoins have been hit harder, with declines exceeding 10% in some cases. Analysts are now watching the $100,000 level as potential support for bitcoin.

Despite the recent volatility, the crypto market continues to attract attention as investors assess both risk and opportunity in a shifting macroeconomic landscape.

 

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This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without considering any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.

This article was originally published as Bitcoin Slips Below $108K, Altcoins Drop Over 10% on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

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