Here’s a quick recap of the crypto landscape as of Friday, October 17 at 9:00 p.m. UTC.
Get the latest information on Bitcoin, Ether and altcoins, plus an overview of the top cryptocurrency market news.
Bitcoin and Ether Price Update
Bitcoin (BTC) was priced at US$106,495, down 1.7 percent in 24 hours. Its lowest valuation of the day was US$104,747 and its highest valuation was US$107,411.
Chart via TradingView.
Bitcoin Price Performance, October 17, 2025.
The price of Bitcoin remains under pressure. Although significant short sell-offs in Bitcoin and Ether have provided pockets of buying relief, overall market sentiment is tempered. Volatility persists, leaving the market ready for further directional cues from upcoming major earnings and economic data releases.
Ether (ETH) was priced at US$3,830.31, down 1.2 percent in 24 hours. Its lowest valuation of the day was US$3,726.31 and its highest valuation was US$3,845.65.
Altcoin Price Update
- Solana (SOL) was priced at US$181.98, down 2.1 percent over the past 24 hours. Its lowest valuation of the day was US$177.43 and its highest valuation was US$184.74.
- XRP was trading at US$2.30, down 1.4% over the past 24 hours. Its lowest valuation of the day was US$2.25 and its highest valuation was US$2.31.
Crypto derivatives and market indicators
Bitcoin derivatives metrics indicate a complex market environment with mixed signals.
Although short-term buying pressure has occurred, underlying market sentiment remains bearish or neutral, with cautious trading behavior and no strong bullish convictions at this time.
Bitcoin liquidations totaled approximately $22.09 million over the past four hours, with short positions making up the majority, signaling a short squeeze or bullish pressure. Ether liquidations show a similar trend, totaling $20.86 million, the majority of which were short positions.
Bitcoin futures open interest decreased by 1.56% to around $70 billion, showing strong bearish sentiment. Ether futures open interest remained unchanged at around $44 billion, reflecting market neutrality.
Bitcoin’s perpetual funding rate was -0.009 and Ether’s was -0.015, indicating bearish market sentiment.
Bitcoin’s Relative Strength Index stands at 34.05, indicating that the cryptocurrency is in a bearish/bullish/neutral phase, but not yet deeply oversold.
Overview of the Fear and Greed Index
CMC’s Crypto Fear & Greed Index fell far into fear territory, falling to 28 on Friday from a previous score of 32.
Chart via CoinMarketCap.
CMC Crypto Fear and Greed Index, Bitcoin Price and Bitcoin Volume.
The crypto news of the day to know
Japanese banks launch yen-backed stablecoin
A group of Japan’s largest banks, including MUFG Bank, Sumitomo Mitsui Banking and Mizuho Bank, are reportedly collaborating to launch a yen-backed stablecoin using MUFG’s Progmat platform.
The initiative aims to create an interoperable payment token for over 300,000 business customers. MUFG will be the first user for internal regulations. The stablecoin is expected to be rolled out by the end of the year, potentially establishing Japan’s first unified bank-backed stablecoin network and accelerating the adoption of crypto in the region’s financial infrastructure.
Uniswap expands to the Solana blockchain
Uniswap has expanded its web application to support the Solana blockchain, allowing users to trade Solana-based tokens, the platform announced in a blog post on Wednesday (October 15). The move expands Uniswap’s reach beyond Ether, reducing costs and transaction speed for DeFi traders using Solana’s high-performance network.
Ripple adds $1 billion to XRP treasury
Ripple is reportedly adding a billion-dollar purchase of its native XRP cryptocurrency to its digital asset treasury.
Bloomberg sources said the Treasury funds, which will be raised through a special purpose acquisition company, will be used to support Ripple’s ecosystem development, liquidity provision and strategic partnerships, furthering Ripple’s commitment to increasing the adoption of XRP in global payments.
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Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
