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The post Bitcoin Price Crash Mirrors 2023 Banking Fallout as Gold Price Hit New Highs appeared first on Coinpedia Fintech News Bitcoin price crashed below $105,000 on Friday, marking its lowest level since June. The drop came as stress in U.S. regional banks stirred fears similar to March 2023, when a banking crisis triggered a sharp crypto crash before a rebound. Traders are now closely watching the $100,000 level as critical support. Some warn that if it fails, Bitcoin could slide further toward $98,000. Banking Woes Spill Into Crypto Concerns over U.S. regional banks have hit both traditional and crypto markets. Banking stocks began falling in a pattern reminiscent of last year, causing ripple effects across cryptocurrencies. Earlier support levels for Bitcoin, including daily moving averages, failed to hold, pushing the price down to its 200-day moving average for the first time in over six months. Traders remain divided: some hope for a rebound above $110,000, while others expect more pain before relief arrives. Traders Watch Price Patterns Analysts are paying close attention to short-term movements. Some traders noted attempts to “fill” candle wicks from last week’s charts, briefly lifting Bitcoin to $102,000 on Binance. Weak support appears between $101,000 and $102,000 if the $108,000 level does not hold. Overall, the market remains nervous amid global economic pressures, including U.S.-China trade tensions. Altcoins Lose Ground The Altcoin Season Index also reflected the shift in market sentiment. On October 17, it dropped sharply to 25, down from 78 a month earlier, signaling a rotation back to Bitcoin. Over the past week, the index averaged 35, and only around 25 of the top 100 cryptocurrencies outperformed Bitcoin in the last 90 days. The move shows investors are favoring Bitcoin over altcoins amid renewed market volatility. .article-inside-link { margin-left: 0 !important; border: 1px…

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Filed under: News - @ October 17, 2025 2:29 pm