The crypto market experienced a significant drop on October 22, 2025, as Bitcoin and Ethereum prices fell sharply following a flash crash. This volatile period follows the recent flash crash that saw over $19 billion in crypto positions liquidated. While investors await clearer macroeconomic signals for guidance, the market remains uncertain about the extent of this decline. Factors such as gold’s price drop and capital rotation may have played a role in these fluctuations, but the outlook for Bitcoin and Ethereum is unclear.
Bitcoin saw its price decline to $108,326, down 0.4% in the last hour and nearly 4% over the week, after hitting resistance near $114,000. Ethereum followed suit, trading at $3,866, down 0.5% on the day and over 6% this week.
While Bitcoin’s support levels remain strong around $108,000, analysts are divided on whether a sustained rebound will occur. Ethereum, meanwhile, continues to experience volatility with key support at $3,800, although some believe a gradual stabilization may follow. The market awaits the release of US inflation data (CPI) later in October for further direction.
A more significant question remains: is this volatility simply a correction or a signal of a more enduring downward trend for cryptocurrencies? The coming days will be crucial in determining the direction of the market and investor confidence.