Crypto crumbles as anniversary of flash crash nears
Major cryptocurrencies are experiencing a significant price decline as the market approaches the one-year anniversary of a major 2025 flash crash. Despite the volatility and regulatory uncertainty, institutional interest in digital assets remains high, with many managers expecting mainstream adoption within five years.
Why it matters
The divergence between short-term price volatility and long-term institutional adoption signals a maturing, albeit unstable, financial asset class.
Bitcoin is down 4% over the past 24 hours, and is now lower by more than 8% since nearly hitting $87,000 just four days ago. That’s masking far uglier action in the rest of the sector, with ether and XRP lower by about 6% over the past day and solana off 9%. All are down double-digit percentages over the last week.
The fast selling comes as the one-year anniversary of the October 10, 2025, flash crash nears. It was on that day when bitcoin — having notched a euphoric record above $126,000 only days earlier — tumbled from about $122,000 to $105,000 (and even lower than that on some exchanges), with much of the decline happening in a matter of minutes in thin Friday evening (U.S. time) trade.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in