Crypto Markets Today: Bearish October Continues as Altcoins Dealt Hammer Blow

The cryptocurrency markets are experiencing significant turmoil today, as the bearish trend that has characterized October shows no signs of letting up. Altcoins, in particular, have faced a severe setback, suffering substantial losses that can be likened to a hammer blow, further amplifying concerns among investors and traders alike. This continued downturn raises questions about the market's overall stability and the potential for recovery in the near future. source: https://www.coindesk.com/business/2025/10/16/crypto-markets-today-bearish-october-continues-as-altcoins-dealt-hammer-blow