Crypto Downturn Erases Nearly All 2025 Gains
In just over a month, nearly all of this year’s cryptocurrency market gains have vanished. At its peak on October 6, the combined market capitalization of all cryptocurrencies reached a record high of nearly $4.4 trillion. But since then, a steep 20% decline has pared those gains down to a modest 2.5% increase for the year, according to data from CoinGecko.
The selloff began after roughly $19 billion in leveraged positions were suddenly liquidated an event that rattled investor confidence and left traders hesitant to bet on a quick rebound.
This dramatic reversal caught many off guard, especially in a year that had seen growing institutional adoption and stronger regulatory frameworks around digital assets.
President Donald…
