Crypto Market Flash Crash: $60 Billion Wiped Out in Under an Hour, What This Means for Africa | Dawan Africa
Kenya, 4 November 2025 – In a shocking moment for the digital-asset world, global cryptocurrency markets shed over US$60 billion in value in less than an hour.
At the peak of the drop, Bitcoin slumped below US$107,000 and Ethereum fell to around US$3,640.51 part of a cascade triggered by leveraged positions liquidations, shifting U.S. monetary policy, and a sudden collapse of risk sentiment.
“Traders had priced in cuts, so the Fed Chair’s hawkish tone was like pulling the rug out from under them,” noted Edward Moya, senior analyst at OANDA.
What Happened?
The trigger was multifaceted: as the Federal Reserve signalled no immediate interest-rate cuts and maintained a cautious stance, risk assets, including crypto, reacted sharply.
Over…
