BTC, XRP, ADA Price News: Bitcoin Dips Under $107K, XRP, ADA Down 17% on Week

Bitcoin slid below $107,000 during the Asian session due to macro uncertainty and liquidity stress, with analysts noting the 50-day moving average acted as resistance. Major tokens like Ether, BNB, Solana, and XRP saw declines, while DOGE and Cardano's ADA were down over 20% week-to-date as speculative fervor waned and traders rotated into stablecoins. Analysts suggest the pullback is controlled deleveraging rather than panic, evidenced by steady ETF inflows and reduced exchange open interest. The market is testing 3-month support, and a break below could lead to testing the 200-day average. The next major focus is the Federal Reserve’s October FOMC meeting for potential dovish signals regarding quantitative tightening. Despite the downturn, some market figures see this as a buying opportunity, noting that the leverage flush sets up cleaner bases, with the sustained rebound dependent on when fresh risk-taking capital rotates back in following the Fed's guidance.

(Source：CoinDesk)