Back to today’s briefing

Story perspectives

$1.5B Crypto Liquidation Sparks Ether and Bitcoin Plunge

9/24/2025

50 9 Full Breakdown

Summary

Crypto Market Turmoil

A $1.5 billion crypto-liquidation underscores ongoing volatility in Ether and Bitcoin.
Ether fell about 9%; Bitcoin traded near $112,000.
Leverage rising in crypto trading, especially perpetual futures, boosted speculation.
Bitcoin Fear & Greed Index shows renewed fear amid declines; institutional inflows and regulatory clarity may stabilize.
Galaxy Digital CEO links the selloff to Chinese miners and Hyperliquid turmoil.

Summary

Aster and Avalanche Surge

Aster's DEX trading rises nearly 15% to $1.72 as Bitcoin sits near $113,000 and XRP up 2% to $2.86.
Avalanche (AVAX) jumps 10% to $33, driven by institutional momentum and treasury initiatives.
Avalanche TVL doubles to $2.23 billion after the Octane upgrade.
Plans surface for a $1 billion AVAX raise by crypto treasury firms to buy tokens at discounts.

History

Historical Context

The 2018 cryptocurrency market crash saw Bitcoin's value plummet over 80%, from a peak market cap of $800 billion to around $100 billion, revealing the extreme volatility of digital currencies. This event, marked by regulatory uncertainties and speculative trading, resonates today as Ether's 9% decline and a $1.5 billion liquidation prompt renewed calls for clearer regulations in the crypto market.

1 of 3

Crypto Market Turmoil

A $1.5 billion crypto-liquidation underscores ongoing volatility in Ether and Bitcoin.
Ether fell about 9%; Bitcoin traded near $112,000.
Leverage rising in crypto trading, especially perpetual futures, boosted speculation.
Bitcoin Fear & Greed Index shows renewed fear amid declines; institutional inflows and regulatory clarity may stabilize.
Galaxy Digital CEO links the selloff to Chinese miners and Hyperliquid turmoil.

1 / 3