ICP Drops to 52-Week Low at $3.00 as Bitcoin Selloff Triggers Crypto Market Rout
The post ICP Drops to 52-Week Low at $3.00 as Bitcoin Selloff Triggers Crypto Market Rout appeared on BitcoinEthereumNews.com. Lawrence Jengar Oct 17, 2025 22:36 Internet Computer (ICP) falls to yearly lows at $3.00 amid 4.7% daily decline as Bitcoin’s drop below $112,000 pressures altcoins despite recent AI integration milestone. Quick Take • ICP trading at $3.00 (down 4.7% in 24h) • Bitcoin’s decline below $112,000 triggering broad crypto selloff • ICP testing 52-week lows despite positive AI development news • Correlation with Bitcoin remains strong during risk-off sentiment Market Events Driving Internet Computer Price Movement The primary catalyst behind today’s ICP price decline is Bitcoin’s sharp retreat below the psychologically important $112,000 level, which has sent shockwaves through the entire cryptocurrency market. This macro headwind has overshadowed what would otherwise be considered positive fundamental developments for Internet Computer. Bitcoin’s volatility has created a risk-off environment where investors are rotating out of altcoins like ICP, regardless of individual project merits. The correlation between ICP and Bitcoin remains particularly strong during market stress, with ICP amplifying Bitcoin’s moves on both sides. On the positive side, Internet Computer’s recent integration of AI models directly on-chain represents a significant technological advancement. The development allows applications to be created and updated entirely on-chain, potentially reducing infrastructure dependencies and opening new use cases. However, this bullish catalyst has been completely overwhelmed by the broader market sentiment, with the positive news providing only a brief 0.5% uptick before being swamped by selling pressure. The timing of these conflicting forces illustrates how macro factors continue to dominate individual project fundamentals in the current market environment. ICP Technical Analysis: Breakdown to Yearly Lows Price Action Context ICP price action has deteriorated significantly, with the token now trading at its 52-week low of $3.00. The current price sits well below all major moving averages, with the 7-day SMA at $3.34…
The post ICP Drops to 52-Week Low at $3.00 as Bitcoin Selloff Triggers Crypto Market Rout appeared on BitcoinEthereumNews.com.
Lawrence Jengar Oct 17, 2025 22:36 Internet Computer (ICP) falls to yearly lows at $3.00 amid 4.7% daily decline as Bitcoin’s drop below $112,000 pressures altcoins despite recent AI integration milestone. Quick Take • ICP trading at $3.00 (down 4.7% in 24h) • Bitcoin’s decline below $112,000 triggering broad crypto selloff • ICP testing 52-week lows despite positive AI development news • Correlation with Bitcoin remains strong during risk-off sentiment Market Events Driving Internet Computer Price Movement The primary catalyst behind today’s ICP price decline is Bitcoin’s sharp retreat below the psychologically important $112,000 level, which has sent shockwaves through the entire cryptocurrency market. This macro headwind has overshadowed what would otherwise be considered positive fundamental developments for Internet Computer. Bitcoin’s volatility has created a risk-off environment where investors are rotating out of altcoins like ICP, regardless of individual project merits. The correlation between ICP and Bitcoin remains particularly strong during market stress, with ICP amplifying Bitcoin’s moves on both sides. On the positive side, Internet Computer’s recent integration of AI models directly on-chain represents a significant technological advancement. The development allows applications to be created and updated entirely on-chain, potentially reducing infrastructure dependencies and opening new use cases. However, this bullish catalyst has been completely overwhelmed by the broader market sentiment, with the positive news providing only a brief 0.5% uptick before being swamped by selling pressure. The timing of these conflicting forces illustrates how macro factors continue to dominate individual project fundamentals in the current market environment. ICP Technical Analysis: Breakdown to Yearly Lows Price Action Context ICP price action has deteriorated significantly, with the token now trading at its 52-week low of $3.00. The current price sits well below all major moving averages, with the 7-day SMA at $3.34…
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