On the night of October 10–11, the cryptocurrency market experienced its largest one-day crash: approximately $19 billion in positions were liquidated in 24 hours. Bitcoin plummeted from record highs (around $122–126 thousand) to the $104–110 thousand range. Ethereum also lost a significant portion of its growth, falling more than 10% from its peak values.
Altcoins were particularly hard hit, with some falling by 20-30% or more.
The reasons for this collapse are linked to geopolitical shock (Trump’s announcement of 100% tariffs on Chinese technology), a cascade of liquidations in the leveraged sector, and panic among participants.
After the collapse, there has been an attempt at recovery: Bitcoin rose above $114,000 on the wave of a partial return of liquidity. However, the dynamics remain turbulent: resistance and support levels are constantly being tested. The total capitalization of the crypto market has fallen below $3.8 trillion. The decline has affected almost the entire market — most of the top 100 assets are trading in negative territory.
From the analysts’ point of view, the current correction is more controlled than panicked — market participants are taking profits and clearing overbought positions rather than fleeing the asset.
The US Federal Reserve (Fed) has expressed concern about the stability of the financial system and the risks associated with the growth of the stablecoin sector. The G20 Financial Stability Board (FSB) has highlighted “significant gaps” in the regulation of cryptocurrencies, especially in the cross-border aspect. The PYUSD/Paxos/PayPal case, where $300 trillion in tokens were accidentally issued due to a technical error, served as a reminder of how much centralized issuers control the mechanism of creating/destroying balances.
These facts reinforce the argument that market maturity and trust go hand in hand with regulatory development.
Source: https://www.fixygen.ua/news/20251020/obzor-rynka-kriptovalyut-ot-fixygen.html
Over the past seven days, the cryptocurrency market has experienced significant volatility — panic selling, record liquidations of leveraged positions, further recovery, and new records. Here are the main trends, facts, and forecasts from Fixygen:
On Friday, one of the largest sell-offs in recent times took place: according to media reports, more than $19 billion in cryptocurrency positions were liquidated under the influence of news about US tariff measures against China. Bitcoin, which had previously risen to $125–126 thousand, underwent a correction and decline.
Simultaneously with the correction, data appeared on record inflows into global cryptocurrency ETFs — $5.95 billion in a week. This indicates that institutional players remain interested in digital assets even amid volatility.
Amid uncertainty in the financial markets, gold set a new record, surpassing the $4,000/ounce level.
This reinforces the argument about the role of traditional assets as “safe havens” during financial market turmoil.
Bitcoin: after a correction, it held support below $110,000, but during the week, it recovered to levels around $114,000–$122,000. Ether (ETH): fell by about 4–5% on a weekly basis amid corrective sentiment. Altcoins: some coins from the protocol segment showed high volatility — strong rebounds, changes in dominance. At the same time, BTC (BTC.D) dominance increased: investors temporarily returned to a more “reliable” asset due to pressure on altcoins.
What lies ahead? Most likely, further volatility. If uncertainty continues, investors may again move towards BTC or stablecoins, leaving altcoins behind. If US or EU regulators make positive decisions, this could give the market new momentum.
Experts predict that frequent “shiny” rises will be followed by sharp declines — players should be prepared for smooth entry/exit.
On the night of October 11, cryptocurrency markets experienced a massive crash: almost all coins from the top 100 fell by 30-60% in an hour, accompanied by record liquidations and panic selling.
According to CoinDesk, the market liquidated about $16 billion in leveraged long positions in major cryptocurrencies.
The sudden announcement by the US of a 100% tariff on imports of critical software from China heightened anxiety and triggered a massive sell-off of assets.
Bitcoin fell by about 7–8%, and Ethereum by more than 12% in a few hours.
CoinGlass recorded the liquidation of $8 billion in long positions on the cryptocurrency market in 24 hours.
Many users note that this flash crash was one of the sharpest in market history: most altcoins fell by 30-60% before the market attempted to recover.
The main reasons for the sharp collapse are:
Leveraged liquidations
Market participants often trade with leverage. When prices move sharply, the system automatically closes positions, which amplifies the downward momentum.
Macroeconomic and geopolitical shocks
The US decision to impose tariffs on Chinese technology products is perceived as an escalation in the trade war, which intensifies the outflow from risky assets.
Correlation with stock markets and the dollar
The strengthening of the dollar and the outflow of capital from risky assets is another factor of pressure.
Liquidity opacity in some assets
During a mass exit from the market, stable liquid assets (BTC, ETH) “drag down” less liquid altcoins, which “break” more strongly.
Panic and market psychology
A fall of this magnitude often triggers a chain reaction: when some start selling, others are forced to follow suit to avoid heavy losses.
Fixygen analysts suggest that a multi-process bottoming out is expected in the coming days, especially on weekends when liquidity is lower. According to some analysts, Bitcoin could rise by up to 21% during the week if the mood is favorable. The main benchmark for recovery is maintaining support in the $109-110 thousand range for BTC.
Source: https://www.fixygen.ua/news/20251011/pozhezha-na-rinku-kriptovalyut-oglyad-vid-fixygen.html
Law enforcers in Odessa exposed a criminal group, which realized a large-scale fraudulent scheme with the use of fictitious investment platforms, reports the press service of the National police of Ukraine.
“Attackers created websites of non-existent companies, whose names were periodically changed in order to conspire criminal activity, where they placed false information about allegedly entrepreneurial activities in the field of arbitrage advertising traffic and cryptocurrency assets. Potential investors were offered to register personal accounts, where they could choose a certain investment plan, fund their accounts and “receive dividends”. In reality, the funds were immediately accumulated on the controlled crypto wallets of the participants of the fraudulent scheme. Having reached the goal, they stopped communication with the victims”, – is indicated in the message.
According to the investigation, organized “business” 28-year-old resident of Odessa, attracting to its implementation a group of persons, including a specialist in the IT-sector, which created and administered the websites of fictitious companies, as well as “callers” who contacted potential victims. The participants worked both remotely and from specially equipped offices in Odessa, which functioned as call centers.
Law enforcers established a cryptocurrency wallet controlled by the attackers, the total amount of proceeds to which exceeded UAH 24 million in 2024-2025. For conspiracy, the figures controlled it from a private key, which did not belong to any known service or exchange.
“According to preliminary data, the actual number of victims, including foreigners, may exceed 1,500 people, to establish which it is necessary to conduct a number of investigative actions, including in the framework of international cooperation,” – said the police.
To solve the crime, a joint investigative team between the competent authorities of Ukraine and the Republic of Kazakhstan has been created. With the involvement of special units of the NPU, GUNP in Odessa region and employees of the Department of cyberpolice of the Republic of Kazakhstan was conducted a number of searches and seized a number of evidence of illegal activities.
So far, the police have documented illegal activities of the group’s members against seven investors from Ukraine, Kazakhstan, Armenia, Kyrgyzstan and other countries. The damage caused to the investors amounts to $92 thousand.
Investigators detained eight members of the group, another one is wanted. In the presence of sufficient evidence, all the defendants are reported on suspicion of taking possession of other people’s property by deception, i.e. fraud, committed by prior conspiracy of a group of persons, through illegal operations with the use of electronic computers, under martial law, in especially large amounts.
According to the sanction of part 5 of article 190 (fraud) of the Criminal Code of Ukraine, the perpetrators face up to 12 years of imprisonment with confiscation of property.
As global markets remain volatile and central banks shift to more accommodative monetary policies, investors are once again turning to digital assets as an alternative hedge and source of high-risk growth. 2025 has already become one of the most active years for cryptocurrency adoption since 2021 — institutional capital is returning, blockchain technology is maturing, and a new generation of projects is reshaping the industry.
Below is Fixygen’s take on this year’s most attractive cryptocurrencies for investors, based on fundamentals, ecosystem growth, and market dynamics.
1. Ethereum (ETH): the backbone of Web3
Ethereum remains the backbone of decentralized finance (DeFi), NFTs, and tokenized assets. After the transition to proof-of-stake, network efficiency has improved, and scaling solutions such as Rollups and zkEVMs continue to reduce transaction costs.
Large funds continue to accumulate ETH — it is the closest thing to a “blue chip” in cryptocurrency.
Investment perspective: long-term infrastructure play. Institutional investor confidence is growing, but short-term volatility may persist as competitors strive to create faster and cheaper ecosystems.
2. Solana (SOL): the blockchain’s fast lane
Once criticized for downtime issues, Solana has transformed into one of the fastest and most developer-friendly networks. With near-zero transaction fees and high throughput, it is attracting gaming studios, DeFi protocols, and NFT platforms migrating from Ethereum.
Investment outlook: An asset with the highest growth and strong user metrics. However, decentralization and network stability remain under scrutiny.
3. XRP (Ripple): Betting on cross-border finance
Despite regulatory turbulence in the US, XRP retains its role as an intermediary currency for global remittances. The expansion of Ripple’s network of banking partners in Asia and the Middle East makes it a reliable player in institutional payments.
Investment outlook: a medium-risk financial infrastructure asset. Growth depends on legal clarity and a resumption of corporate adoption.
4. Chainlink (LINK): the DeFi data highway
Chainlink remains the dominant provider of oracles — an important layer connecting real-world data to blockchain ecosystems. The implementation of the Cross-Chain Interoperability Protocol (CCIP) extends its utility to DeFi, gaming, and tokenized assets.
Investment perspective: Strong fundamentals and robust cross-chain integration. LINK is a play on the continued institutionalization of DeFi infrastructure.
5. Bitcoin Layer-2 projects (e.g., Bitcoin Hyper, Stacks)
As Bitcoin ETFs drive institutional demand, developers are exploring how to extend BTC’s functionality with Layer-2 smart contract systems. Projects such as Bitcoin Hyper aim to bring DeFi and dApps to the Bitcoin ecosystem, effectively transforming it into more than just a “store of value.”
Investment outlook: High-risk, high-potential category. Success depends on technical implementation and ecosystem adoption.
6. The wave of “smart memes”: Speculation meets utility
2025 saw a resurgence of meme coins, but with a twist. New tokens such as PepeNode and Maxi Doge combine humor with useful features such as staking, deflationary supply, and governance models.
Investment perspective: Highly speculative. Momentum-based trading can yield quick profits, but fundamentals remain unstable.
In 2025, cryptocurrency is no longer a playground for retail investors. Institutional investors, sovereign wealth funds, and technology companies are building a new foundation for blockchain-based finance. The winners will be assets that combine strong fundamentals, regulatory compliance, and scalable ecosystems, as well as investors who view cryptocurrency as a structured portfolio rather than a lottery.
Turkish electric car manufacturer TOGG (Türkiye’nin Otomobili Girişim Grubu) has announced its entry into European markets and the introduction of new digital solutions, including the option to pay for cars with cryptocurrency, according to Autogeek.
According to the report, the company plans to open its first showrooms in Germany, the Netherlands, and Switzerland in 2025, as well as begin sales in other EU markets.
TOGG has already introduced the T10X electric crossover in Europe, which will be the brand’s first mass-produced export vehicle.
Buyers will have access to the innovative digital platform “Trumore,” through which they can place an order, select a configuration, and pay for their purchase — including using cryptocurrency or tokens issued within the TOGG ecosystem.
According to the company’s management, the integration of blockchain payments reflects its digitalization strategy and opens up new opportunities for users by combining electric mobility, fintech, and smart infrastructure.
“We are not just building a car, but a digital ecosystem where transportation, communications, and finance are combined into a single platform,” said TOGG CEO Gürcan Karakaş.
The company already produces electric vehicles at its plant in Gemlik (Bursa province). Production capacity is designed for 175,000 cars per year, with plans to increase this to 1 million units by 2035.
TOGG sees its entry into Europe as a strategic step towards promoting Turkish technology and integrating into the EU market.
