Bitcoin dips below $105K but US banking stress eases

Takeaways from the conference:

• Bitcoin price stabilized after US regional banks posted stronger-than-expected earnings, easing credit fears.

• Bitcoin’s bullish run, according to one analyst, could come to an end within 10 days.

BitcoinBTCThe price of, which is a measure of the value in dollars (USD), fell by more than 5 percent to below $105,000. This was an extension of a 2-day drop as renewed US bank stress roiled risk markets. It also sparked concerns about financial stability. US Banking stocks showed signs that they were resilient on Friday. The global stock market was also stable in the pre-market. 

However, BTC continued to struggle near $105,000, not benefiting from improved risk appetite after regional lenders delivered stronger-than-expected earnings, easing fears of a wider credit contagion.

After several major regional lenders such as Truist Financial, Regions Financial, and Fifth Third Bancorp announced lower provisions than expected for credit loss, the market’s sentiment began to shift. The results offered relief to markets following Thursday’s rout, when the S&P Regional Banks Select Industry Index fell 6.3%, led by Zions Bancorporation and Western Alliance Bancorp after both disclosed loan losses stemming from fraud in distressed commercial mortgage funds.

The upbeat earnings helped the S&P Regional Banks Index claw back losses, with Zions Bancorp rebounding over 6%, Truist Financial rising 2%, and Western Alliance up 1.6% in early trading. 

European financials like Barclays Bank and Deutsche Bank pared losses earlier, and Asian lenders such as Mizuho Financial or Sumitomo Mitsui have also stabilised after heavy sales.

RBC Capital Markets has said regional banks are not a priority for RBC Capital Markets. “remain well reserved for potential losses” Since 2023 they have increased capital, which suggests that the recent selling may have been excessive.

Related: How low will Bitcoin go? Regional US ‘bank stress’ pushes BTC toward $100K

Trump’s comments on tariffs boost optimism

Trump also confirmed steep tariffs against Chinese products, which added to the positive tone. “will not persist” Xi Jinping will be meeting with President Obama in just two weeks. After Beijing announced its willingness to work together on trade issues, the statement sparked an upswing in the global market, and US stock futures rose by 1.2%.

BREAKING: S&P 500 futures erase losses as President Trump says high tariffs on China will NOT remain.

Futures now have a +75-point increase from the overnight low. pic.twitter.com/4cfnVAzCNX

— The Kobeissi Letter (@KobeissiLetter) October 17, 2025

Investors said risk sentiment has notably changed. Cointelegraph reported This week, we reported on the latest Crypto and Equity Pullbacks “do not have long-term fundamental implications,” This suggests that short-term market volatility is more important than systemic distress.

Some analysts however have a different view. caution Bitcoin’s bullish cycle could be coming to an end. CryptoBird stated in an X-post that Bitcoin is nearing the end of its current bull cycle. “bull run ends in 10 days,” Forecasting based on historic cycle patterns.

Related: Bitcoin ‘bull run is over’, traders say, with 50% BTC price crash warning

This article contains no investment recommendations or advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making any kind of decision.