Crypto Market Today, Oct. 22: Bitcoin and Altcoins Slide as Wall Street Fears Spill Into Crypto Markets
In this news:
Key takeaways
- Bitcoin fell 3.29% to $81,263.73 amid broader risk aversion across global financial markets.
- Ethereum and Solana also declined, dropping 3.64% and 3.27% respectively.
- Spot Bitcoin and Ether exchange-traded funds traded lower alongside the underlying digital assets.
Bitcoin fell 3.29% to $81,263.73, Ethereum fell 3.64% to $2,381.38, and Solana fell 3.27% to $103.31. As of early evening on Oct. 22, all three were under pressure as risk appetite faded across markets.
What driving crypto markets
Macro weakness was the main backdrop, with oil prices holding above $111 a barrel and Nasdaq futures softening as traders trimmed risk exposure; Bitcoin briefly slipped below $81,000, according to finance.yahoo.com and coindesk.com. Meanwhile, Solana's Alpenglow upgrade went live today, but that network milestone did not offset the broader sell-off, while Ethereum developers are still outlining a draft settlement change that could cut finality time to about four minutes, a potentially important payments update, according to coindesk.com and coindesk.com.
Crypto ETF snapshot
Spot Bitcoin and Ether ETFs traded lower alongside the coins, with iShares Bitcoin Trust ETF down 3.72%, Fidelity Wise Origin Bitcoin Fund down 3.72%, and iShares Ethereum Trust ETF down 4.52%.
What this means for investors
The crypto market remains in a state of flux. Earlier this week, Bitcoin ETF inflows showed strength totaling about $1.07 billion over three sessions and signaling some investor demand. However, today's sell-off could put that momentum to the test, making ETF flows an important indicator to watch as prices weaken.
Those inflows offered some hope that crypto had found its footing after several weeks of disappointing price action, particularly among altcoins. However, Bitcoin's market dominance, already at its highest level since May, could climb further as altcoins bear the brunt of the latest decline. That divergence is worth watching if risk aversion persists.
Ethereum traded above $2,500 before retreating, putting the $2,300 level in focus as a key near-term test for buyers.
Meanwhile, Solana's Alpenglow upgrade remains a meaningful long-term development, but the more immediate concern is whether it can hold the $100 level amid continued market volatility.
Share the article:
Trending News & Crypto World
.png)
Latest Crypto News
Top Trending Cryptocurrencies on The Market
Current Price
$0.03176
Market Cap
$743.9M -10.26%
24h Volume
$16.0M
Supplies
100.0B / 100.0B
Current Price
$0.02725
Market Cap
$743.1M 3.12%
24h Volume
$9.9M
Supplies
100.0B / 100.0B
Current Price
$0.6979
Market Cap
$701.2M -3.68%
24h Volume
$86.9M
Supplies
2.0B / ∞
Current Price
$0.9983
Market Cap
$697.8M -0.01%
24h Volume
$1.9M
Supplies
699.0M / ∞
Current Price
$1.737
Market Cap
$693.9M 3.92%
24h Volume
$133.1M
Supplies
1.0B / 1.0B
Current Price
$52.374
Market Cap
$674.9M 3.05%
24h Volume
$50.1M
Supplies
12.9M / 18.9M
Current Price
$2.090
Market Cap
$663.9M -1.81%
24h Volume
$58.0M
Supplies
329.5M / 400.0M
Current Price
$0.03299
Market Cap
$658.0M -1.21%
24h Volume
$10.6M
Supplies
38.1B / ∞
Current Price
$1.864
Market Cap
$648.6M -6.07%
24h Volume
$6.1M
Supplies
2.1B / 2.1B
Current Price
$0.03851
Market Cap
$643.3M -0.74%
24h Volume
$21.0M
Supplies
24.0B / 24.0B
Current Price
$1.189
Market Cap
$638.7M 0.02%
24h Volume
-
Supplies
537.2M / ∞
Current Price
$0.7166
Market Cap
$633.3M -1.94%
24h Volume
$104.7M
Supplies
1.2B / 2.1B