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Bitcoin drama: price falls below $105,000 – Ripple shocks with mega deal!
Bitcoin falls below $105,000, Ripple acquires GTreasury for $1 billion. Market sentiment negative, impact on cryptocurrencies.
Bitcoin drama: price falls below $105,000 – Ripple shocks with mega deal!
On October 17, 2025, Bitcoin price fell below the $105,000 mark and is currently at $104,625. This represents a decline of nearly 9% this week, marking the worst weekly loss since the spring. Bitcoin has lost almost $20,000 from its recent highs of around $123,000. This development is the largest weekly decline since March, when Bitcoin price fell from $98,000 to $82,000. A demand zone between USD 98,500 and USD 101,000 is currently observed, while resistance lies at USD 112,000.
Ripple, meanwhile, has confirmed its $1 billion acquisition of treasury management company GTreasury. CEO Brad Garlinghouse emphasizes the need for advanced payment systems to make locked up money accessible. Ripple also acquired Hidden Road for $1.25 billion this year to strengthen its position in the market. The price of XRP is currently at $2.22 and has lost over 11% this week after recently falling into the $2.20 area. In a notable move, Ripple’s CLO Stuart Alderoty clarified that XRP does not have a CEO; the company operates on a decentralized blockchain.
Regulatory challenges for Binance
Crypto exchange Binance, meanwhile, is facing regulatory scrutiny in France, part of an anti-money laundering campaign related to MiCA licensing. To maintain its license in France, Binance must strengthen its compliance framework, with the deadline for full compliance being June 2026.
The current price levels particularly watched by market analysts are: for Bitcoin $101,000 (pivot), $98,500 (liquidity withdrawal) and $112,000 (resistance); for Ethereum, $3,737 (risk level at $3,500, resistance at $4,050); for XRP $2.22 (support at $2.20, next target at $1.95); for Solana $177 (risk of falling to $165, needs recapture at $192); and for Shiba Inu, $0.0000095 (next target at $0.0000080).
Overall, market sentiment is trending negatively as uncertainty surrounding Bitcoin's ability to sustain above $101,000 continues into the weekend.
For more details on developments in the crypto market, including Ripple's role and Binance's situation, you can check out the reports on U.Today read up.