The cryptocurrency market has lost two trillion dollars in value since its peak in October 2025 as intense selling intensified, according to the CoinGecko platform.
Bitcoin
It fell by more than 8.32% in today’s trading to $67,281, its lowest level since August 2024, according to the CoinMarketCap platform.
The price of Ether – the world’s second-largest digital currency – also fell by about 6.23% to $1,977.
This drop of Ether below the $2,000 level is the first since May of last year.
The latest decline in digital currencies came quickly and strongly, and analysts say it resulted from the nomination of Kevin Warsh for the position of the next Chairman of the Federal Reserve, due to expectations that he would pursue a policy.
It was stated: “The market fears that (Warsh) will adopt a hawkish approach. (Also) shrinking the balance sheet will not provide any supportive factors for cryptocurrencies.”
Digital currencies are widely seen as beneficiaries of a large balance sheet, as they tend to rise when the U.S. central bank pumps liquidity into money markets, which boosts speculative assets.
Cryptocurrencies lost nearly half a trillion dollars in market value in less than a week as selling intensified, especially Bitcoin.
Bitcoin
Bitcoin is a decentralized digital currency created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. It operates on a peer-to-peer network secured by blockchain technology, enabling transactions without the need for a central authority like a bank or government.
CoinGecko
CoinGecko is a cryptocurrency data platform founded in 2014 by TM Lee and Bobby Ong, providing market tracking for thousands of cryptocurrencies. It aggregates data such as prices, trading volume, and community growth to offer comprehensive analytics and rankings. The platform was created as an independent alternative to give users transparent and accessible cryptocurrency market insights.
CoinMarketCap
CoinMarketCap is a leading cryptocurrency data aggregation website founded in 2013 by Brandon Chez, providing real-time tracking of prices, market capitalization, and trading volumes for thousands of digital assets. It was created to bring transparency and reliable information to the then-nascent cryptocurrency market and was acquired by the Binance exchange in 2020.
Ether
Ether is not a specific physical place or cultural site, but a concept historically referring to a hypothetical medium once thought to fill all space and transmit light waves. Its significance lies in its role in scientific theories, particularly in physics, before being disproven by experiments like the Michelson-Morley experiment in the late 19th century.
Federal Reserve
The Federal Reserve is the central banking system of the United States, established in 1913 by the Federal Reserve Act to provide the country with a safer, more flexible, and more stable monetary and financial system. It conducts national monetary policy, supervises and regulates banks, and works to maintain the stability of the financial system.
Guildford
Guildford is a historic town in Surrey, England, known for its Norman castle built shortly after the 1066 invasion and its medieval cobbled High Street. It grew as a prosperous market town and later became a significant legal centre with the establishment of the Assize Courts. The University of Surrey, founded in the 1960s, added a modern academic dimension to its long history.
London
London is the capital of the United Kingdom, founded as a Roman settlement called Londinium nearly 2,000 years ago. It has since grown into a major global city, historically serving as the centre of the British Empire and evolving into a leading hub for finance, culture, and politics.
