Sharp

Bitcoin

Gold

<p>Bitcoin’s price fell below $105,000 today, to a 15-week low as traders reacted to fears surrounding U.S. regional banks and tensions with China.</p>
<p>As of the time of writing this report, Bitcoin (BTC) is trading for $104.767. The cryptocurrency has dropped by 5.37% in the last few hours, adding up to 13.95% over the week, with a market value of $2.1 trillion. Trading activity has jumped 59% to $114 billion as investors rush to sell</p>
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  <img width="1200" height="459" src="https://www.cryptotimes.io/wp-content/uploads/2025/10/Bitcoin-Price-Chart.webp" alt="Bitcoin Price Chart">
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   Bitcoin Price Chart | Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
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<p>Data from Farside Investors also recorded that U.S. spot Bitcoin ETFs saw over $530 million in outflows today. This was led by ARK Invest’s ARKB with $275.2 million leaving the market. Fidelity’s FBTC followed with $132 million in redemptions.</p>
<p>Gold advocate Peter Schiff commented on the drop on X, claiming that gold could reach $1 million before Bitcoin.</p>
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   <p>Gold is more likely to hit $1 million than Bitcoin.</p>— Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1978967429377122677?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 16, 2025</a>
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<p>“It’s not just a de-dollarization trade but a de-bitcoinization trade.&nbsp; Bitcoin has failed the test as a viable alternative to the U.S. dollar or digital gold.” He said in another <a href="https://x.com/PeterSchiff/status/1978866722514911720" target="_blank" rel="noopener noreferrer nofollow">tweet</a>.</p>
<p>Additionally, over $1.20 billion in crypto has been liquidated because of the drop in overall market. According to data from Coinglass, $898 million alone came from traders who had placed their bets on long positions.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" width="1200" height="428" src="https://www.cryptotimes.io/wp-content/uploads/2025/10/Total-Liquidation-in-the-last-24-hours-1-1200x428.png" alt="Total Liquidation in the last 24 hours">
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   Total Liquidation in the last 24 hours | Source: <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noopener noreferrer nofollow">Coinglass</a>
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<p>Meanwhile, gold has continued to surge. It even hit another record high of $4,380.79 per ounce, pushing its market cap to $30 trillion.&nbsp;</p>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p>Also Read: <a href="https://www.cryptotimes.io/2025/10/17/1-23b-wiped-out-as-crypto-market-faces-sharp-fall-in-weeks/" target="_blank" rel="noopener noreferrer nofollow">$1.23B Wiped Out as Crypto Market Faces Sharp Fall in Weeks</a></p>
</blockquote>

Bitcoin Drops Below $105K with $1.20B Liquidated from the Crypto Market

The Crypto Times

Other articles published on Oct 17, 2025

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