Bitcoin Plunges Below $107,000 As Ethereum, XRP, Dogecoin Lose 6%

Author: Khyathi Dalal | October 30, 2025 02:48pm

Bitcoin is trading below $107,000 level, with the drop through key support levels triggering over $1 billion in crypto liquidations.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$107,011.69
Ethereum	(CRYPTO: ETH)	$3,733.80
Solana	(CRYPTO: SOL)	$182.21
XRP	(CRYPTO: XRP)	$2.43
Dogecoin	(CRYPTO: DOGE)	$0.1794
Shiba Inu	(CRYPTO: SHIB)	$0.059509

Notable Statistics:

• Coinglass data shows 242,348 traders were liquidated in the past 24 hours for $1.23 billion.        

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• Bitcoin Sells Trump-Xi Deal, Fed Rate Cut: Is A Breakdown To $93,000 Next?
• Circle, Galaxy Are The Only Crypto IPOs In Profit As eToro Sinks 40% Since Debut
• Bitcoin Plummets Below $109,000 After Fed Rate Cut — Classic ‘Buy The Rumor, Sell The News’ Reaction?
• Tether Now Holds More US Debt Than South Korea, Germany: CEO Paolo Ardoino Says Stablecoin Issuer Will Soon Surpass Brazil With $200 Billion Target

Trader Notes: IncomeSharks said Bitcoin is facing rejection and may retest its lower trend line, potentially a final flush before a stronger November though without a clear fundamental catalyst, the outlook remains cautious.

Altcoin Daily noted it's typical for Bitcoin to revisit its 50-week moving average multiple times during bull market pullbacks, with the current level sitting around $103,000.

Altcoin Sherpa analyzed that Bitcoin could still move either way, depending on how key support and resistance levels hold.

$BTC: It could go up or it could go down. Thank you for coming to my Ted talk pic.twitter.com/ah9dx675MT

— Altcoin Sherpa (@AltcoinSherpa) October 30, 2025

Daan Crypto Trades added that Bitcoin continues to trade within a tight range, currently testing $107,000. Key zones to watch include $103,000 (wick low), $107,000 (local support), $111,000 (mid-range/high-volume node), and $116,000 (upper resistance).

The market, he said, remains in a "ping-pong phase," with each breakout or breakdown likely to drive momentum toward the next level.

Read Next: 

• Bitcoin, Ethereum Slide Another 3%: Is US Demand Disappearing?

Image: Shutterstock

Posted In: $BTC $DOGE $ETH $SHIB $SOL $XRP