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Crypto Bloodbath: Bitcoin Plunges 13% as Trump Summons Putin & Zelenskiy - Weekly Market Carnage Report

Crypto Bloodbath: Bitcoin Plunges 13% as Trump Summons Putin & Zelenskiy - Weekly Market Carnage Report

Published:
2025-10-17 15:47:44
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Geopolitical shockwaves rattled digital assets this week as world leaders convened while cryptocurrencies bled red.

Market Carnage Unleashed

Bitcoin got hammered with a brutal 13% decline - the kind of drop that makes traditional investors clutch their pearls and cryptocurrency veterans just shrug. The timing couldn't be more suspicious as Trump's high-stakes meetings with both Putin and Zelenskiy sent risk assets scrambling.

Altcoin Massacre

While Bitcoin took the headline hit, alternative cryptocurrencies got absolutely demolished. The entire sector resembled a fire sale at a bankrupt hedge fund - everything must go, no reasonable offer refused. Portfolio statements across the globe turned various shades of crimson.

The Political Premium

World leaders playing geopolitical chess while your digital assets become collateral damage - because nothing says 'stable store of value' like 13% weekly swings based on which powerful men are shaking hands this week. Just another Tuesday in crypto land.

Market Data

Weekly Market Overview: Source: QuantifyCrypto

Market Cap: $3.650T | 24H Vol: $273B | BTC Dominance: 57.3%

BTC: $105,000 (-13.6%) | ETH: $3,770 (-13.4%) | XRP: $2.27 (-19.5%)

This Week’s Crypto Headlines You Can’t Miss

. The overall market sentiment has changed a lot in the span of just over a week, which is seen by the Fear and Greed Index. The metric was above 60 last week, which showed a state of greed, but it tumbled to multi-month lows of under 25 after the most recent correction.

. In times where different companies are ramping up efforts to accumulate BTC, ETH, and a few other altcoins, Ripple Labs has reportedly began an initiative that will allow it to raise $1 billion through a SPAC to create a digital asset treasury focused on accumulating its own token, XRP.

. Speaking of altcoins that have became the center of DAT accumulation, data emerged this week indicating that almost all of the ETH purchased by such companies has been accumulated in Q3 2025.

. Last Friday’s meltdown had a profound impact on the entire crypto industry, with multiple expers and observers rushing to offer their opinion on why it happened and what’s next. Glassnode, for instance, said it was a necessary reset due to the extremely high leveraged used by some traders.

. According to another report, the massive figures of $19 billion in liquidations during last week’s crash were highly exaggerated. It claimed that the actual value was just over $2.3 billion.

. As we know, Peter Schiff uses every possible opportunity to criticize BTC, and the crash from over $122,000 to under $105,000 allowed him to do so once again. In his latest bashing fest, the economist said this price correction invalidated BTC’s status as digital gold.

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