CoinDesk
Bitcoin fell 4% over 24 hours to around $80,000, near a one-month low, as the wider crypto market sold off more sharply. Ether and XRP each lost about 6%, while Solana fell 9%. All four assets are down by double-digit percentages over the past week.
The decline comes ahead of the anniversary of the October 10, 2025 flash crash, when Bitcoin plunged from about $122,000 to $105,000, with much of the drop occurring within minutes. Bitcoin had reached a record above $126,000 only days earlier.
Why it matters
The anniversary is a backdrop to the current sell-off, but investors also face pressure from rising oil prices and interest rates, which can draw money away from risk assets. Regulatory uncertainty is another concern following the failure of the Clarity Act and ahead of US midterm elections that could shift the balance of power in Washington.
The near-term weakness contrasts with signs of growing institutional confidence. In a State Street survey published Tuesday, 51% of 300 asset managers, asset owners and wealth managers expected digital assets to become mainstream within five years, up from 11% in 2024. Respondents held an average of 11% of their portfolios in digital assets and expected that allocation to rise over the next three years.
Market impact
Bitcoin is more than 8% below its near-$87,000 level from four days earlier, while ether, XRP and Solana have also posted double-digit weekly losses. The declines show the breadth of the current pressure across major crypto assets.
Rising rates, oil prices and regulatory uncertainty are immediate headwinds. The survey offers a longer-term counterpoint, but it does not remove the market’s current downside risks.
Frequently asked questions
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How did major crypto assets perform during the sell-off?
Bitcoin fell 4% over 24 hours, Ether and XRP each lost about 6%, and Solana dropped 9%. All four were down by double-digit percentages over the week.
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What happened during Bitcoin's October 10, 2025 flash crash?
Bitcoin plunged from about $122,000 to $105,000, with much of the decline occurring within minutes. It had reached a record above $126,000 days earlier.
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Which macroeconomic factors are weighing on crypto?
Rising oil prices and interest rates are among the pressures, as they can draw money away from risk assets such as Bitcoin.
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What regulatory and political risks are investors watching?
Investors face regulatory uncertainty after the Clarity Act failed and ahead of US midterm elections that could change the balance of power in Washington.
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What did State Street's survey find about institutional digital-asset expectations?
Some 51% of 300 surveyed asset managers, asset owners and wealth managers expect digital assets to become mainstream within five years, compared with 11% in 2024. They held an average 11% of portfolios in digital assets and expect that share to rise.
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