coin-img-HYPEHYPE+2.59%coin-img-WHITEWHALEWHITEWHALE+77.50%coin-img-AAVEAAVE-2.27%coin-img-ZKCZKC+12.58%coin-img-UNIUNI-2.72%coin-img-COLLECTCOLLECT+96.10%coin-img-ETHETH+0.07%coin-img-BTCBTC-0.23%coin-img-HYPEHYPE+2.59%coin-img-WHITEWHALEWHITEWHALE+77.50%coin-img-AAVEAAVE-2.27%coin-img-ZKCZKC+12.58%coin-img-UNIUNI-2.72%coin-img-COLLECTCOLLECT+96.10%coin-img-ETHETH+0.07%coin-img-BTCBTC-0.23%coin-img-HYPEHYPE+2.59%coin-img-WHITEWHALEWHITEWHALE+77.50%coin-img-AAVEAAVE-2.27%coin-img-ZKCZKC+12.58%coin-img-UNIUNI-2.72%coin-img-COLLECTCOLLECT+96.10%coin-img-ETHETH+0.07%coin-img-BTCBTC-0.23%coin-img-HYPEHYPE+2.59%coin-img-WHITEWHALEWHITEWHALE+77.50%coin-img-AAVEAAVE-2.27%coin-img-ZKCZKC+12.58%coin-img-UNIUNI-2.72%coin-img-COLLECTCOLLECT+96.10%coin-img-ETHETH+0.07%coin-img-BTCBTC-0.23%

Crypto market erases most 2025 gains after Trump tariff escalation and $1 trillion wipeout

The cryptocurrency market has surrendered nearly all of its 2025 gains, with total digital asset capitalization shrinking by about $1 trillion after Bitcoin's Oct. 6 all-time high of $126,000, BlockBeats reports. The turning point came in mid-October when Donald Trump announced an escalation of the tariff war, triggering a record $19 billion in liquidations across the crypto market within 24 hours and sending Ethereum down roughly 40% over the following month. Bitcoin briefly fell below $81,000 in November, marking its largest monthly decline since 2021, and is now trading around $90,000. BlackRock CEO Larry Fink and Coinbase CEO Brian Armstrong said institutional capital continues to move into the space over the long term and that crypto assets are gradually shifting from a regulatory "grey zone" into the mainstream financial system.
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