The largest cryptocurrency fell to as low as $88,522 in New York trading, with the latest rout hitting investors big and small
Industry experts aren’t too worried about the 30% crash of Bitcoin from its peak in 2025. Their reason: it is a short-term bull market correction and not a cyclical event.
Once promoted as a high-growth play, an inflation hedge, and a portfolio diversifier, the world’s largest cryptocurrency now faces the prospect of ending the year in the red — without fulfilling any of those roles.
The largest token fell as much as 2.4% on Tuesday, extending its decline from a record of more than $126,000 set in early October.
Bitcoin drops 28% in six weeks as worries over AI stocks spill into digital assets and high-octane bets backfire
The average cost basis across all ETF inflows sits at approximately $89,600, according to Sean Rose at Glassnode — a level Bitcoin breached on Tuesday.
The largest token fell as much as 2.4% during Asia trading hours, extending its decline from a record of more than $126,000 set in early October
The broader market has been reeling since a sharp liquidation wave in early October erased about $19 billion in digital assets.
Wall Street has shown up, exchange-traded funds are bringing crypto into mainstream portfolios and the Trump administration has fully embraced crypto.
After topping $126,000 in October, Bitcoin has fallen sharply, briefly wiping out its 2025 gains before stabilizing on Monday morning in Asia
The largest digital-asset is on the verge of wiping out its gains for the year, dropping as much as 4.7% to $94,147. Bitcoin traded at a record high of $126,251 in early October. It ended 2024 at $93,714.
Bitcoin: The largest digital-asset sank as much as 2.8% to below $96,000 on Friday before paring losses, leaving it more than 20% below a record high reached in early October.
Police said Zhimin Qian ran a pyramid scheme that lured more than 128,000 people to invest in her business between 2014 and 2017, including many who invested their life savings and pensions.
The High Court held categorically that cryptocurrency qualifies as ‘property, intangible property that is capable of being enjoyed and possessed in a beneficial form and held in trust.
The rapid rise in AI-linked tokens reflects investor enthusiasm for the fusion of artificial intelligence and blockchain, but questions remain about long-term value.
The original cryptocurrency fell as much as 3.7% to $102,870 on Tuesday in New York, the lowest level since June 23. That’s down almost 20% from a record high reached a month ago.
WazirX has restarted its exchange less than a week ago after a major cyberattack in 2024, with trading volumes having crossed $22 million so far.
Industry and legal experts expect fresh petitions to be filed against the crypto exchange at other high courts taking a cue from this interim ruling.
"We want a significant number of our next billion users to come from India," Seker told Moneycontrol.
Zhao served a four-month sentence in 2024 after pleading guilty to failing to implement adequate anti-money laundering measures at Binance.
As a part of a 'Restart Offer', users will be charged no trading fee across all trading pairs
Two years ago, the sector benefitted at the initial start of the AI boom, only to see their share prices tumble the following year as mining profitability declined and competition increased.
India is going to be a large market for crypto assets in the coming years, and the exchanges in the country and globally are building for that, CoinDCX co-founder Gupta told Moneycontrol.
Coinbase believes that India and the Middle East are two markets that are poised to play a pivotal role in the future of global crypto adoption.
'As soon as the scheme is legally effective based on today’s verdict, we will start platform operations within 10 business days,' said founder Nischal Shetty
