Crypto Market Experiences Significant Dip: Bitcoin Plummets 8% on October 12

The cryptocurrency market faced a notable downturn on October 12, 2025, as major cryptocurrencies experienced steep declines. According to data from CoinMarketCap, Bitcoin (BTC) suffered the most significant drop, falling 7.96% to $112,079.47. Ethereum (ETH), another prominent cryptocurrency, also plunged 13.42%, reaching $3,797.38. A range of other cryptocurrencies saw similar losses, with XRP down 16.16%, Dogecoin down 22.78% and Solana down 16.18%. The overall market sentiment was largely impacted by the sharp decline in several high-profile altcoins such as Aptos (APT), Shiba Inu (SHIB) and Pi (PI).