Crypto markets reel after $1.7B wipeout: Bitcoin, Ethereum, and Dogecoin struggle to recover
September 23, 2025 · 1:53 AM
Bitcoin is currently stable around $112,574 following a flash crash that resulted in a $1.7 billion loss in leveraged positions. Ethereum is trading at $4,198 but is facing challenges in regaining momentum. Market participants remain cautious due to macroeconomic concerns, Federal Reserve policies, and ongoing liquidations. Overall, the cryptocurrency market is still reeling from the recent downturn as investors assess the situation.
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