Crypto market wipeout: Digital assets erase nearly all 2025 gains after early-October record high
The global cryptocurrency market has lost significant ground after reaching a record high earlier this month, with traders pulling back amid fears of deeper losses.At its October 6 peak, the total market capitalisation of all cryptocurrencies hit nearly $4.4 trillion. However, a 20% slump since then has erased most of this year’s gains, leaving the asset class up just 2.5% in 2025, according to CoinGecko data.The downturn began shortly after the all-time high, when roughly $19 billion in leveraged positions were suddenly liquidated, a move that shattered investor confidence. Since then, traders have shown little appetite to bet on a quick rebound.The selloff comes despite what had been a bullish year for the sector, marked by…
