10/21/2025
Bitcoin Slides as Uptober Momentum Fades
Bitcoin dropped nearly 3% to $107,700 on Tuesday, reversing its weekend rebound as cryptocurrencies lag behind global risk markets.
Asian stocks rallied on optimism over U.S.-China trade talks and Japan’s political progress — but crypto failed to follow.
Bitcoin remains under pressure after this month’s flash crash, which erased $500 billion in market value. Analysts say “Uptober” optimism has fizzled, with traders avoiding big bets amid ongoing volatility.
Altcoins followed lower — Ethereum down 5%, BNB 5.7%, Cardano and Solana down up to 6%, and XRP slipped despite Ripple-backed Evernorth planning a $1B Nasdaq listing.
As risk markets roar ahead, Bitcoin is breaking correlation with equities — and that could shape the next major move.