16.10.2025 09:30

A substantial wave of selling pressure has swept across the digital asset market, resulting in a staggering $100 billion being wiped from the total cryptocurrency market capitalization within a single day, according to reports from online sources. This broad downturn reflects a growing bearish sentiment among investors, impacting nearly every corner of the industry.

Hopes for a sustained recovery for Bitcoin were abruptly halted on Thursday morning. The premier cryptocurrency failed to maintain its upward momentum, ultimately sliding back below the significant $111,000 price level and signaling a halt to its recent rebound attempts.

This negative trend has permeated the wider altcoin sector, with several major assets recording notable declines. Ethereum, for instance, has retreated to the $4,000 mark, while XRP has experienced a downturn that brought its value back to $2.40. Among the day's most significant losers was ASTER, which suffered a sharp, double-digit percentage plunge amid the market-wide correction.