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    Bitcoin Dropped below $108,000

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    On the night of October 21, 2025, the value of bitcoin fell below $108,000 after the asset rose above $111,000 over the previous 24 hours. At the time of writing, the first cryptocurrency is trading near $108,000.


    BTC/USDT chart on the Binance exchange. Source: TradingView.


    Bitcoin
    BTC
    Price:
    $108,158

    -2.73%

    24h Volume:
    $20.1b

    Futures contract liquidations were recorded amid the decline in prices. According to CoinGlass, traders lost more than $335 million overnight due to forced closure of positions.


    The volume of liquidations on futures contracts in the cryptoasset market. Source: CoinGlass.

    Among the top-10 assets by market capitalization, the BNB coin sagged the most — by about 5.7%.


    Top 10 crypto assets by market capitalization. Source: CryptoRank.

    According to Jeff May, COO of BTSE, the volatility of the crypto market may continue in the near term. In a commentary for The Block, he noted:

    “We simply believe that macroeconomic concerns are driving the day-to-day changes in the market. Volatility will persist as long as trade tensions between the U.S. and China continue.”

    He added that the latest drop in quotes was the result of risk reduction ahead of a planned meeting between US President Donald Trump and Chinese leader Xi Jinping. The meeting is due to take place in South Korea at the end of October.

    May noted that the biggest risk to cryptocurrency markets is the unpredictability of macroeconomic events and trade discussions, as markets can rise or fall because of a single tweet. He also emphasized that investors only have to diversify their assets and try to hedge against uncertainty.

    Recall, in the morning of October 20, the bitcoin rate recovered above $111,000, Ethereum — $4000.

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