Coincatch App
Trade smarter
Crypto MarketHot Topics
CoinCatch Market Daily Report (October 17, 2025)
Intermediate
2025-10-17 | 10m
On October 17, the overall crypto market retreated under pressure, with major cryptocurrencies generally declining. BTC fell 2.83%; ETH also dropped 3.21%, maintaining a weak and volatile pattern. The market has been under pressure following recent macro shocks and a large-scale liquidation event in mid-October. Meanwhile, Ripple Labs is reportedly looking to raise at least $1 billion to fund an XRP accumulation strategy by establishing a digital-asset treasury.
Crypto Market Overview
BTC (-2.83% | Current Price: $107,982.53)
After a short-term pullback, BTC stabilized near $108,000. The current price has rebounded slightly, but remains under pressure below the MA30. The convergence of the short-term moving averages indicates a temporary balance of forces between bulls and bears. While the MACD lines have converged from their lows, they have yet to form a clear golden cross. The momentum bar is gradually shortening, indicating weakening downward momentum but a reversal signal is still insufficient. If BTC can break above $110,000 and hold, it could open up potential for a rebound to $112,500. A further break below $108,000 could lead to a retest of the $105,000–104,000 range. On October 16th, Bitcoin ETFs experienced a net outflow of $530.9 million. BlackRock IBIT experienced an outflow of $29.5 million, while Fidelity FBTC observed an inflow of $132 million.
ETH (-3.21% | Current Price: $3,880.14)
After rebounding from the $3,820 low, ETH has resumed short-term fluctuations around the MA5 and MA10 levels, but remains below the MA30 level, indicating a weak overall structure. The MACD lines are converging at low levels, with the red bar gradually expanding, indicating a strengthening trend for a short-term correction. If the price can break through the $3,950–4,000 range, further gains to $4,100 are possible. Conversely, if it falls below the $3,800 support level, a retest of the previous low of $3,750 is possible. On October 16th, ETH ETFs experienced a total net outflow of $56.8 million, including an inflow of $46.9 million from BlackRock ETHA and an outflow of 11.6 million from Fidelity FETH.
Altcoins
Today's Fear & Greed Index is
28 , in the
"fear" zone . This indicates that investor sentiment is becoming cautious, with funds taking a wait-and-see approach. Short-term volatility is likely to continue, and market activity is cooling slightly. Despite Bitcoin and Ethereum stabilizing around key support levels, many altcoins saw significant declines on October 17, 2025, continuing a bearish trend from the previous day. Solana (SOL) is trading around $183-$186, while Binance Coin (BNB) dropped below $1,130 earlier today. The overall market sentiment for altcoins remains cautious due to heavy selling pressure and low liquidity following a broader market wipeout last weekend.
Macro Data
The renewed escalation of Sino-US trade tensions triggered this round of decline. Furthermore, the ongoing US government shutdown not only incurs approximately $15 billion in daily economic losses but also delays the release of key economic data (such as the CPI and employment reports). This has left the market and the Federal Reserve in a data-driven "blind spot," significantly increasing uncertainty. This uncertainty, coupled with credit fraud scandals at US regional banks, has significantly reduced global investor risk appetite. Funds are shifting away from risky assets like cryptocurrencies and toward traditional safe havens like gold, explaining why spot gold prices broke through $4,380 per ounce in early Asian trading today, reaching a new all-time high. On October 16th, the S&P 500 dropped 0.63% to 6,629.07 points; the Dow Jones Industrial Average fell 0.65% to 45,952.24 points, and the Nasdaq Composite fell 0.47% to 22,562.54 points.
Trending Tokens
ZKC Boundless (+68.05%, Circulating Market Cap: $61.83 Million)
ZKC is trading at $0.3078, up approximately 68.05% in the past 24 hours. Boundless is a universal protocol designed to provide every blockchain with the power of ZK. It enables independent prover nodes to generate ZK proofs on behalf of layer 1’s, applications, rollups, and infrastructure across all chains. By offloading computation to the Boundless network and verifying proofs onchain, Boundless provides a consistent scalability and interoperability layer without requiring changes to existing networks. Upbit suspended ZKC deposits on October 2, 2025, citing concerns about circulation transparency and information disclosure. The exchange’s review period ended October 17, with no delisting announced, signaling resolved issues. Avoiding delisting on a top-5 global exchange (by liquidity) reduces sell pressure and restores investor confidence. ZKC’s 24h volume surged 956% to $429M, reflecting renewed buying interest.
ICNT Impossible Cloud Network (+18.94%, Circulating Market Cap: $37.65 Million)
ICNT is trading at $0.2251, up approximately 18.94% in the past 24 hours. Impossible Cloud Network (ICN) is a decentralized infrastructure protocol designed to support enterprise-grade cloud services. ICN enables permissionless access to distributed hardware resources across storage, compute, and networking. The protocol aims to serve as a foundational infrastructure layer for digital applications, including artificial intelligence platforms, enterprise software, and web services. ICNT’s price ($0.226) recently crossed its 7-day SMA ($0.1926) and 30-day SMA ($0.2208), a bullish signal. However, the RSI-14 (46.09) remains neutral, suggesting no overbought conditions. The move above key averages may have triggered algorithmic or momentum buying. The MACD histogram (-0.0024) shows bearish divergence, however, indicating potential near-term consolidation.
ZORA ZORA (+7.47%, Circulating Market Cap: $439.91 Million)
ZORA is trading at $0.09845, up approximately 7.47% in the past 24 hours. Zora (ZORA) is an Ethereum Layer-2 (L2) blockchain and NFT protocol built specifically for creators, artists, and cultural communities. Its mission is simple yet revolutionary: make minting, collecting, and trading NFTs accessible to everyone — without the high gas costs or gatekeeping typical of legacy platforms. Upbit announced ZORA listings (KRW, BTC, USDT pairs) effective October 17, 2025, with trading restrictions to stabilize initial volatility. The news drove ZORA from $0.094 to $0.11 (+17%), mirroring its 77% surge after October’s Robinhood listing. Listings on major exchanges like Upbit increase liquidity, retail access, and credibility. ZORA’s 59.2% 24h volume surge ($272.5M) confirms strong buy-side interest. However, temporary trading limits (e.g., limit-only orders for 2 hours) may cap short-term volatility.
Market News
Ripple Acquires GTreasury for $1 billion: 'Watershed Moment for Treasury Management'
Sources familiar with the development have told Bloomberg that the fundraise would be executed via a special purpose acquisition company (SPAC), where Ripple will contribute a portion of the 4.74 billion XRP tokens it currently holds.
For those unaware, a SPAC is a publicly traded shell company formed to raise capital in an initial public offering instead of merging with a traditional operating company to take it public. Crypto firms, including those pursuing digital asset treasuries, have time and again turned to SPACs as a way to tap into public markets more quickly and with fewer regulatory hurdles.
Ripple is yet to make an official announcement on the matter. According to the sources, details regarding the raise and the exact nature of the transaction remain under discussion and subject to change. If the SPAC goes through, it could make the new entity the largest XRP-focused digital asset treasury and place it among a small group of companies that have shown interest in building similar treasuries. One notable name is Nasdaq-listed VivoPower, a sustainable energy solutions firm that pivoted into an XRP-focused digital asset enterprise. Before that, Singapore-based Trident Digital Tech Holdings also signaled intentions to explore a similar path, though no formal treasury structure has emerged yet. Unlike Bitcoin and altcoins such as Ethereum and Solana, XRP has not drawn the same level of interest from digital asset treasury investors.
Ripple may look to bring GTreasury’s capabilities into the fold of the proposed digital asset treasury if the SPAC deal materializes. GTreasury’s suite of tools, which includes cash forecasting, liquidity management, risk oversight, and compliance, could help provide the operational backbone needed to manage a large XRP reserve in line with corporate treasury standards.
Chainlink Taps MegaETH for First Native, Real-Time Oracle to Power Next-Gen DeFi
Chainlink has chosen MegaETH to host what the companies say is the first native, real-time onchain oracle. The rollout aims to transform MegaETH’s “real-time” Ethereum L2 into a venue where perpetuals, prediction markets, and stablecoins can update as quickly as centralized venues, while remaining fully composable onchain.
According to details shared with The Block, the integration wires Chainlink Data Streams market data into MegaETH’s execution environment so any contract can read high-frequency prices “just-in-time.” The goal is to trim redundant updates and oracle lag, which is a long-standing bottleneck for on-chain derivatives, by only fetching fresh data as needed.
Chainlink Data Streams is often touted as a critical system for blockchain-based perps, funding-rate calculations, and real-time settlement on ultra-fast chains. MegaETH pitches itself as a high-throughput Ethereum L2 with fast block times, targeting up to 100,000 transactions per second, which positions the chain for trading apps that require exchange-like responsiveness. Chainlink, widely used across DeFi and tokenization pilots, has recently claimed that its oracle infrastructure has secured about $90–$100 billion in total value locked (TVL), enabled 10s of trillions in onchain transaction value, and delivered approximately 18 billion verified messages across networks.
Oracles sit at the heart of DeFi, bridging offchain data, such as prices, rates, and reference feeds, to onchain applications. Traditional push oracles publish updates at intervals, creating latency/MEV trade-offs.
The move extends a busy run for MegaETH. In September, the project introduced USDm, a native stablecoin built with Ethena to subsidize sequencer fees and support “real-time applications. Additionally, ecosystem teams have begun raising capital for latency-sensitive products, such as the MegaETH-based derivatives venue Euphoria, which has raised $7.5 million across pre-seed and seed rounds.
Gold Hits Another All-time High, Marks Its Strongest Week in 5 Years.
Gold (XAU/USD) extends its relentless rally on Thursday, scaling fresh all-time highs as safe haven demand remains firmly in play amid mounting geopolitical and economic uncertainty. At the time of writing, XAU/USD is trading around $4,290, up nearly 11% so far this month and over 60% year to date.
The US-China trade standoff remains at the forefront of investor focus after reigniting late last week, when US President Donald Trump rattled markets by unveiling plans to impose 100% tariffs on all Chinese imports starting November 1. The move came in response to Beijing’s decision to tighten export controls on rare earth elements, deepening fears of a full-blown trade war and its potential drag on global growth.
At the same time, the United States (US) government shutdown, stretching into its third week, remains a drag on market sentiment as uncertainty lingers over when federal operations will resume. A broadly weaker US Dollar (USD) and subdued Treasury yields are further bolstering the metal’s appeal as markets increasingly price in a dovish tilt from the Federal Reserve (Fed) in the months ahead.
Reference:
CoinMarketCap. (n.d.).
CoinMarketCap.
https://coinmarketcap.com
Farside Investors. (n.d.-a).
Bitcoin.
https://farside.co.uk/btc/
Farside Investors. (n.d.-b).
Ethereum.
https://farside.co.uk/eth/
Investing.com. (n.d.-a).
USA Indices.
https://investing.com/indices/usa-indices
GoldPrice.org. (n.d.).
Spot gold price today.
https://goldprice.org/spot-gold.html
Crypto.news. (2025, October 17).
Ripple eyes $1 billion XRP treasury via SPAC: report.
https://crypto.news/ripple-eyes-1-billion-xrp-treasury-via-spac-report/
The Block. (2025, October 16).
Chainlink taps MegaETH for first native, real-time oracle to power next-gen DeFi.
https://www.theblock.co/post/374749/chainlink-taps-megaeth-for-first-native-real-time-oracle-to-power-next-gen-defi
FXStreet. (2025, October 16).
Gold nears $4,300 as trade war fears
and
Fed
cut bets fuel demand.
https://www.fxstreet.com/news/gold-extends-record-breaking-rally-as-trade-war-and-fed-cut-bets-drive-demand-202510161229
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
Share
