The key takeaways
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Bitcoin price stabilized after US regional banks posted stronger-than-expected earnings, easing credit fears.
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Analysts predicted that Bitcoin bull market could be over in ten days.
BitcoinBTC() declined more than 5 percent to close below $105,000 Friday. This extended a 2-day slide as renewed US bank stress rattled markets, and revived worries about the stability of the broader economy. US Banking stocks on Friday showed signs of strength, while global markets were 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.
This latest change in attitude came as several regional lenders including Truist Financial Regions Financial Fifth Third Bancorp reported lower provision for credit losses that anticipated. 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 banks, such as Barclays, Deutsche Bank and Mizuho Financial, have pared their losses after a period of heavy trading. Asian lenders, like Sumitomo Mitsui and Mizuho Financial, also stabilized following heavy sales.
RBC Capital Markets stated that regional banks “remain well reserved for potential losses” The recent stock market selloffs may have overdone it.
Related: How low will Bitcoin go? Regional US ‘bank stress’ pushes BTC toward $100K
Trump’s tariff remarks boost optimism
Trump also confirmed steep tariffs against Chinese products, which added to the positive tone. “will not persist” Xi Jinping, the Chinese president will meet with him in two weeks. After Beijing announced its willingness to work together on trade issues, the statement triggered a global market rebound, and US stock futures rose 1.2%.
BREAKING: S&P 500 futures erase losses as President Trump says high tariffs on China will NOT remain.
Futures have gained 75 points since their overnight low. pic.twitter.com/4cfnVAzCNX
— The Kobeissi Letter (@KobeissiLetter) October 17, 2025
Market analysts said that the risk-taking mood had shifted to a more relaxed tone. 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, disagree. caution Bitcoin’s current bull-cycle may be approaching its end. CryptoBird, an analyst from X said that Bitcoin’s current bull cycle may be nearing its end. “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
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Source: cointelegraph.com
