#binance #hype #zec #near
17/10/25 04:53 UTC-04

Bitcoin Falls Below 200-Day SMA

Bitcoin (BTC $106,803.77) continued to lose ground on Friday, dropping below a key moving average, as risk assets remained defensive and U.S. Treasury yields fell to their lowest levels in months.

According to CoinDesk, the world’s leading cryptocurrency by market capitalization fell below its 200-day simple moving average (SMA), which stands around $107,500, and declined to as low as $106,900.
Over the week, prices fell by 7% after a 6.5% decline the previous week.
Other major tokens — including XRP, SOL, and ETH — also lost value, posting weekly declines of 9% to 12%.

The BTC drop was accompanied by outflows exceeding $500 million from U.S.-registered exchange-traded funds (ETFs) amid growing signs of liquidity shortages in the financial system.

The price decline aligns with bearish signals on technical charts, which suggest a potential move below $100,000 in the coming days.

Futures tied to the Wall Street benchmark S&P 500 index fell nearly 1%.
On Thursday, the index dropped due to bank stock losses, after Zions Bancorp and Western Alliance Bancorp reported risks linked to loan fraud, heightening concerns about broader fraudulent activity in the financial system.

Risk aversion drove strong demand for bonds, pushing the yield on 10-year U.S. Treasuries down to 3.94% — the lowest level since April.
Bond prices and yields move in opposite directions.

Earlier this week, the Philadelphia Fed manufacturing index fell 36 points to –12.8, indicating weaker business activity and raising concerns about the economic outlook.
This also boosted demand for longer-term Treasuries.

See also: "U.S. S&P 500 Index Falls Below 125-Day Moving Average"

#Bitcoin (BTC) #Price drop

Editor: Alyona Nabok
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