Crypto World Wipes Out $1 Trillion as Bitcoin Plunges Anew

The great crypto crash of 2025 entered a new phase on Wednesday, as Bitcoin plunged to its lowest level in seven months, extending the more than $1 trillion wipeout across the digital‑asset world.

The largest cryptocurrency fell to as low as $88,522 in New York trading, with the latest rout hitting investors big and small — from retail dip‑buyers to digital‑asset treasury firms whose stock premiums are vanishing. Token prices climbed from the lows late in the day after Nvidia gave a strong revenue forecast, helping counter concern that a global surge in AI spending is poised to fizzle.

The ...