Friday, September 12, 2025

Latest

Bitcoin and Ether Tumble Amid Recession Fears

The effects of last week’s weak US labor data, sluggish manufacturing activity, and the volatility of markets around the world have crept into the crypto market, causing Bitcoin to dip — albeit briefly — below $50,000 on Monday. The cryptocurrency has rebounded to over $54,000 but is still far away from March’s peak of $74,000. 

Ether, the second-largest cryptocurrency, has also experienced a sharp decline, now trading only marginally above its value at the start of the year. This is considering the strong debut of ETH ETFs in late July.

The market-wide selloff resulted in the erasure of approximately $367 billion from the overall cryptocurrency market capitalization, according to CoinGecko data. This decline led to over $1.13 billion in liquidations in the derivatives markets, as reported by Coinglass.

The cryptocurrency market’s decline coincides with a challenging period for tech stocks, with the Nasdaq index experiencing its worst three-week stretch since September 2022. Major tech companies such as Amazon, Intel, and Nvidia contributed to this decline.

Related: Buffett’s Berkshire Slashes Apple Stake by Half in Major Selloff

Despite the current market turbulence, the cryptocurrency industry has seen growing political support in recent months. However, the industry continues to face regulatory challenges, including ongoing legal disputes with the SEC.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Who’s On Peter Thiel’s Bitcoin Blacklist?

Palantir Technologies (NYSE: PLTR) chair Peter Thiel called out the so-called “financial gerontocracy” that is...

Friday, April 8, 2022, 11:23:06 AM

‘My Reputation Is Not For Sale’ Says Anthony Pompliano, As He Scraps All Crypto Advertising On Podcasts, YouTube Videos

Anthony Pompliano, the self-proclaimed entrepreneur and crypto cheerleader who has made millions of dollars by...

Wednesday, January 4, 2023, 06:24:00 AM

Bitcoin Halving: Breaking Down Profitability For Bitcoin Miners

The highly anticipated bitcoin halving event occurred last Friday, marking a significant milestone in the...

Monday, April 22, 2024, 11:29:00 AM

DigiMax Reports Early Results Of Crypto Price Trend Predictor Tool

DigiMax Global (CSE: DIGI) this morning provided an update in relation to its crypto-related assets....

Monday, June 28, 2021, 08:35:28 AM

Bitcoin: Valuation Signal and Several Announcements Suggest More Upside

A technical valuation signal which has displayed a good predictive track record, plus constructive announcements...

Sunday, August 22, 2021, 09:00:00 AM