Crypto wrap: Bitcoin nears $110K as TAO, ASTER, and CAKE lead market losses

Bittensor (TAO), Aster (ASTER), and PancakeSwap (CAKE) lead top losers across the 100 largest coins by market with 11%-15% dips in the past 24 hours.

While tokens such as DeXe, Dash, and Tron traded in the green, Bitcoin (BTC) dipping to near $110,000 has most altcoins also showing weakness.

The overall market cap has dropped 2.3% to $3.75 trillion. Meanwhile, broader sentiment as shown by the fear and greed index is “fear”, with metric reading 32.

Bitcoin drops to near $110,000 again

Bitcoin (BTC) has once again tested support levels near the psychologically significant $110,000 mark. A slight dip to as low as $110,506 earlier today highlighted the ongoing market turbulence.

The world’s leading cryptocurrency traded just above $111,000 as of writing on October 16, 2025, about 2% down in the past 24 hours. Losses over the week hover at 9%.

Bitcoin’s pullback comes in the wake of last week’s catastrophic liquidation event, where over $19 billion in positions were wiped out across the crypto ecosystem within hours.

As analysts at Santiment have pointed out, some whales have recently dumped BTC.

What’s the outlook for the broader crypto market?

US-China trade tensions and a flash crash had seen BTC plummet from near $123,000 to below $107,000. While prices have since retested $115,000, the flip to near $110k signals overall weakness.

Ethereum, BNB, XRP, and Solana are all poised near key price levels amid this outlook.

Macro headwinds have contributed to the headwinds, with last week’s $19 billion wipeout still causing jitters. However, analysts at QCP Group say there’s some stability and investors are largely optimistic.

Crypto price wrap for top losers today

Bittensor price drops 15% to lead altcoin losers

Bittensor (TAO), the native token of the decentralized AI network, is the top loser in the past 24 hours among major altcoins.

Per CoinMarketCap data, TAO has plunged 15% to under $390 in the last 24 hours.

Losses cap a volatile week that also had Bittensor rank among the top gainers – driven by major news within the artificial intelligence (AI) market.

Trading at around $389 means TAO has erased much of its recent gains amid a risk-off environment.

Aster declines 13% as bulls risk $1 level

Aster (ASTER) has tumbled 13% in the past day, trading to lows of $1.23. Losses see bulls flirting dangerously with the critical $1 support threshold.

The token’s slide, from highs of $1.52 to the intraday lows, comes as profit taking takes root for the ASTER price.

Notably, ASTER enjoyed a meteoric rise to an all-time high of $2.42 in September, before last weekend’s trade-war jitters triggered a broader selloff.

While the token remains over 1400% up in the past month, its 30% dip in the past week points to the fact that bulls are currently at a make-or-break point.

Breaking below $1 could accelerate losses toward the September low of $0.08.

PancakeSwap price near $3 mark amid double-digit decline

PancakeSwap (CAKE), the utility token powering the BNB Chain’s leading DEX, is clinging to the $3 level after a 13% drop in the last 24 hours.

CAKE traded near $3.03 at the time of writing, with intraday volatility allowing for a swing from a high of $3.35 to a low of $2.98.

Recent positives, including record weekly burns of CAKE tokens and a spike in trading volume, have helped bulls. However, macro headwinds continue to overshadow the overall outlook.

CAKE’s proximity to the $3 support could embolden bears and see them target the $2.50 level.

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