Crypto markets retreat as traders eye support levels after October rally

The cryptocurrency market extended declines with Bitcoin and Ethereum retracing gains from earlier this month. Analysts attributed the weakness to profit-taking and regulatory uncertainty following the U.S. government’s $15 billion Bitcoin seizure. Bitcoin hovered around $107,800 while Ethereum traded near $3,900 as total crypto market capitalization fell below $3.8 trillion. Market participants now watch key support levels near $105,000 for Bitcoin. Despite volatility, institutional flows into ETFs and custodial platforms suggest underlying confidence in long-term digital asset growth.