Crypto world wipes out US$1 trillion as Bitcoin plunges anew
The fall is dealing a heavy blow to digital-asset treasury firms, whose valuations were built on the earlier rally
[NEW YORK] The great crypto crash of 2025 entered a new phase on Wednesday (Nov 19), as Bitcoin plunged to its lowest level in seven months, extending the more than US$1 trillion wipeout across the digital-asset world.
The largest cryptocurrency fell to as low as US$88,522 in New York trading, with the latest rout hitting investors big and small, from retail dip-buyers to digital-asset treasury firms whose stock premiums are vanishing. Token prices climbed from the lows late in the day after Nvidia gave a strong revenue forecast, helping counter concern that a global surge in artificial intelligence spending is poised to…
