$800 Billion Crypto Crash: Why Bitcoin, Ethereum, XRP and Altcoins Are Falling
October 12, 2025 · 4:15 AM
The cryptocurrency market experienced a significant downturn, losing nearly $800 billion in value in just 24 hours. This sell-off led to the liquidation of approximately $19.2 billion in leveraged positions as panic spread among investors. Bitcoin dropped 16% to $110,951, while Ethereum fell over 12% to $3,795. The total market capitalization of cryptocurrencies decreased to $3.69 trillion.
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