The crypto market’s recovery from the crash on Oct. 10 was short-lived. Most altcoins staged a rebound after last Friday’s crash, but any gains were short-lived. On Oct. 17, Bitcoin (BTC) and most altcoins were trading deep in the red. Many plunged lower by double digits, such as Aave (-13.8%), Sui (-11.3%), and Pump.fun (-10.7%).
This hammer blow has reintroduced concerns to the market, calling into question the likelihood of October living up to its reputation as “Uptober.” There are, however, some bright spots to be found. Digitap ($TAP), an upcoming fintech-oriented crypto, continues to attract investor interest with its unique banking app that blends crypto with fiat.
Inside Friday’s Sell-Off — What Drove Altcoins Deeper Red
Friday’s sell-off can’t be attributed to any specific piece of data or news. Selling pressure started Thursday night and carried over into Friday morning. Prior concerns over major trade escalations between Washington and Beijing eased Friday morning.
The Trump administration confirmed Treasury Secretary Scott Bessent will speak with China’s Vice Premier He Lifeng later in the day. This should result in an easing of tension and hopefully the first step towards a new trade agreement.
Still, crypto investors weren’t convinced. Binance Coin (BNB), one of the hottest altcoins in recent months, was lower by more than 10% and was testing the $1,000 level. Solana (SOL) was also down about 10%, pushing the token even further from the key $200 level. Cardano (ADA) traded near $0.60, marking a fresh multi-month low.
3 Signals Now: Fear, RSI, And Bitcoin’s Line In The Sand
Over the past 24 hours, the total crypto market capitalization is down nearly 6% at $3.57 trillion. The Fear & Greed Index is firmly in the “fear” category at 28, reflecting cautious investor attitudes. This is despite the average crypto relative strength index (RSI) sitting in “oversold” territory at 37.45.
Source: CoinMarketCap
Altcoins, in particular, have typically followed periods of capitulation with a recovery stage. But there are no immediate signs to confirm sustained buying momentum. Bitcoin (BTC), as always, will set the stage, but it is dangerously close to $100,000, currently trading around $106,000.
Bitcoin trading below $100,000 is essentially a line in the sand that would trigger a fresh wave of liquidations. For altcoins, the focus is on whether this week’s low can hold. Meanwhile, the selling pressure in crypto hasn’t transferred over to the equity market, which is trading flat to slightly higher.
Digitap’s Live App Bridges Crypto And Fiat For Spending
While most tokens are trading in the red, investors may want to consider presale projects. Being in presale mode offers a level of insulation from immediate market selling pressure. Digitap is one example of a hidden crypto gem as its presale event continues to attract fresh investments.
Digitap brands itself as the world’s first “omni-bank.” It created a live all-in-one banking app that combines fiat and crypto services. Users can send, receive, save, store, invest, and spend their money on one unified platform. The core feature of the app is a Digitap Visa card that lets users spend their crypto wherever Visa cards are accepted.
Even if a user holds only crypto in the Digitap app, the system will automatically convert crypto to local currency at the point of sale. This demonstrates a tangible bridge between blockchain assets and everyday commerce.
Source: Digitap
Why Early Rounds Cushion Volatility With Built-In Steps
Digitap’s token sale is in its second round and is offered at $0.0194, up from the first round at $0.0125. A scheduled increase to $0.0268 is on the horizon as the current stage inches closer to selling out. This built-in price appreciation mechanism automatically rewards early buyers with a paper profit, even as crypto prices tank.
Digitap also offers investors favorable tokenomics. The project plans to use 50% of its platform profits to buy back and burn $TAP tokens and to reward stakers. This deflationary supply model could increase token value over time.
Early adopters can also take advantage of a special presale yield rate as high as 124%, making it one of the best staking coins for passive income. Naturally, this level of return stands in stark contrast to the losses seen in most altcoin portfolios over the past week.
Why Digitap’s Utility Stands Out In A Weak October Tape
Investors will be forgiven for using Friday’s sell-off as an excuse to stick to the sidelines. The market appears to be unsure of what direction it wants to head. A relief rally in Bitcoin would help stabilize altcoins, but that requires Bitcoin to stabilize first.
Even if selling pressure persists, Digitap’s ongoing momentum makes it clear that quality projects can find support from investors regardless of broader conditions. The early success of Digitap’s presale is a reminder that innovation and strong fundamentals will stand out during periods of market weakness.
Discover how Digitap is unifying cash and crypto by checking out their project here:
Presale: https://presale.digitap.app
Website: https://digitap.app
Social: https://linktr.ee/digitap.app
