Canadian Crypto Observer

By Aditya Nain on October 31, 2025
Estimated reading time: 4 minutes

By Aditya Nain on October 31, 2025
Estimated reading time: 4 minutes

A record $19 billion crypto liquidation rocked markets this month. Discover what caused the crash and what it means for long- and short-term investors.

Welcome to the Canadian Crypto Observer. Financial journalist and author Aditya Nain offers perspective on market-moving headlines to help Canadian investors navigate the cryptocurrency market.

As noted in the previous edition of this column, Bitcoin’s (BTC) strongest months have historically been October and November—up an average of 21.89% and 46.02%, respectively. In keeping with this promise, the crypto market started October strong as BTC ran up from about $114,000 (all figures in U.S. dollars unless otherwise specified) on October 1 to a new high of over $126,000 on October 7. Ethereum (ETH), XRP, Solana (SOL), Binance Coin (BNB), and other altcoins also saw impressive runaway gains in the first week of October.

But optimism was quickly, if only temporarily, sucked out of the crypto market as BTC, ETH, and other crypto prices saw a sharp decline from the 10th to the 17th of October before stabilizing.

As of 28th October, BTC is trading flat, between $113,000 and $115,000—close to the price it was at the beginning of the month.

The chart below shows the ups and downs of the crypto market over the past month, as represented by the Coinmarkcap (CMC) 20 Index, an........

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