The cryptocurrency market saw a sharp correction in early October 2025. Bitcoin dropped from around $114,000 to roughly $104,000 within a couple of days after the U.S. announced 100% tariffs on Chinese imports, reigniting trade-war concerns and risk-off sentiment across global markets.
According to data from CoinGlass and Reuters, the sell-off triggered about $19 billion in leveraged position liquidations across crypto derivatives exchanges. The total crypto market capitalization fell by several hundred billion dollars, and many altcoins lost between 15 % and 30 % over the week.
Do Miner Prices Fall When Crypto Falls?
Generally, yes — mining hardware prices tend to follow cryptocurrency prices.
When Bitcoin’s price declines, mining profitability decreases, leading to lower demand for ASIC miners and GPUs. This often results in discounts and falling hardware prices, especially in the secondary market. Data from Hashrate Index and Bitcoin Magazine show that miner prices usually move in the same direction as Bitcoin, though with a short delay.
However, price movements vary by miner model and efficiency. Newer, more energy-efficient ASICs tend to hold their value better, while older models drop faster when market sentiment weakens..
Why Some Miners See Opportunity?
Historically, market downturns have been strategic entry points for miners who can acquire hardware at lower prices and secure affordable electricity. As the market recovers, both Bitcoin’s price and network hashrate typically rise again, improving returns for those who bought equipment during low-price periods.
That said, profitability depends on electricity rates, miner efficiency, and long-term price trends — not just short-term market dips.
What to Watch Next
Analysts note that while volatility remains high, the recent correction may serve as a healthy reset after months of rapid gains. If Bitcoin stabilizes and investor confidence returns, miner demand could rebound, pushing hardware prices back up.
References
- https://www.reuters.com/business/bitcoin-down-55-114505-2025-10-10/
- https://www.reuters.com/sustainability/boards-policy-regulation/global-crypto-etfs-attract-record-595-billion-bitcoin-scales-new-highs-2025-10-07/
- https://hashrateindex.com/blog/bitcoin-asic-prices-correlate-differently-to-bitcoin-price-depending-on-market-environment/
- https://data.hashrateindex.com/network-data/bitcoin-hashprice-index
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