If you’ve been watching crypto news today, you probably felt the sting of this Halloween crypto crash. Bitcoin price has slipped below $108K before slowly climbing back now. ETH USD is falling from the $4K line, and people are wondering if “Uptober” has officially been cancelled.
It’s rough out there, no question about it, but history says we’ve seen worse, and every major correction tends to come right before a strong push higher.
Part of the panic came after the Fed’s latest 25bps rate cut. Everyone saw it coming, but Chair Powell’s tone afterward was more cautious than expected. If the central banks sound nervous, risk assets usually take a short-term hit.
Rate cuts of 25bps and the Fed plans to end QT by December 1st.
Everything looks good for crypto.
(Except the charts) pic.twitter.com/oH7yvf6ZkK
— Sui Ninja (@suininja) October 29, 2025
Oddly enough, these same policy moves have sparked later rallies for crypto before, once the dust settles. For now, Bitcoin price is testing familiar support zones, and ETH USD still trades near technical levels where big rebounds started in previous years. We are still bullish.
DISCOVER: 9+ Best Memecoin to Buy in 2025
Why the Helloween Crypto Crash Happens
The current crypto crash likely appears out of leverage trading as exchanges aim to liquidate longers. According to Coinglass, about $890 million in liquidations hit the market within a day, with more than 80% coming from long positions. This is a massive flush.
(source – Coinglass)
Historically, such a washout clears the decks for healthier runs later. While smaller investors are panic-mashing the sell button, whales are quietly buying more. We have seen this same movie before.
BREAKING
TOM LEE'S BITMINE JUST BOUGHT ANOTHER $166 MILLION WORTH OF $ETH. SMART MONEY IS BUYING THE DIP. pic.twitter.com/fnQLB7YJBM
— DustyBC Crypto (@TheDustyBC) October 31, 2025
Geopolitics is not currently helping either. When Trump hinted at new tariffs on China, global markets shuddered, and the Bitcoin price fell nearly 18% from its highs. But since then, Trump and Xi Jinping have made nice again, and China’s back to buying US soybeans. This is good as it lowers inflation pressure and might give the Fed more flexibility down the road, which usually bodes well for crypto.
DISCOVER: 10+ Next Crypto to 100X In 2025
Still Bullish For Bitcoin Price and ETH USD Despite the Drops
Here’s the part most people miss. Nothing fundamental has broken. The ETH USD chart still mirrors earlier bull market corrections. The Bitcoin price might even eye $115,000 resistance soon. Institutional money is quietly flowing back in, with up 20% for October, and Solana’s ETF hype hasn’t cooled off.
True that this has been a scary Halloween for crypto. But the data says this is a reset, not a funeral. The crypto crash may shake confidence, but it’s probably setting up the next big rally.
DISCOVER: Best Meme Coin ICOs to Invest in 2025
Join The 99Bitcoins News Discord Here For The Latest Market Updates
What is Concordium Crypto? CCD Price Slams +28% – Is CCD Next 1000X Crypto?
The hunt for the next 1000x crypto has taken a new twist, as Concordium (CCD crypto) has experienced a significant price surge, gaining more than 20% in the past 24 hours. The CCD price jump has reignited speculation that this under-the-radar Layer-1 blockchain could be the next breakout in the regulated DeFi and enterprise blockchain space.
As trading volumes soar and partnerships expand globally, investors are beginning to ask: Is Concordium crypto just another short-term pump, or is it the real deal with long-term potential?
Read the full story here.
The post Crypto News Today, October 31: Halloween Crypto Crash Deepens as Bitcoin Price Slides and ETH USD Loses Support | Are We Done? appeared first on 99Bitcoins.
