Bitcoin Hits Rock Bottom! Crypto Stocks Suffer Massive Losses!

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Markets

What to know (and why you should care, because your savings are now a joke): 🤡💸

  • Crypto prices took a nosedive, because the economy is doing so well, the Fed might not cut rates… which is bad news for your portfolio 🤡💸
  • Bitcoin dropped below $111,000, its lowest since early September, while ETH led far steeper declines in the altcoin sector. (Note: Altcoins are now alt-terrors.) 🐍📉
  • Crypto-related stocks, including MSTR, COIN, DATs and miners, suffered sharp losses. (Because even the miners are digging themselves into a hole.) 🏛️🪨

Crypto prices took another leg lower on Thursday while crypto-related stocks sold off after U.S. economic growth was revised sharply higher. (Because nothing says “I’m healthy” like a number that makes your retirement plan weep 🥺📈)

The U.S. government reported that gross domestic product expanded at a 3.8% annualized rate in the second quarter, up from 3.3% in the previous estimate and well above the 3% initially reported. (Welcome to the land of “growth” where your savings shrink faster than your waistline.) 📈💥

Alongside, initial jobless claims tumbled to 218,000 from 232,000 the previous week and well below expectations for 235,000 – putting into question the idea that the employment market is weakening. (Because who needs jobs when you can just lose your life savings?) 💸📉

The much-stronger than anticipated data tapered expectations for the Federal Reserve cutting interest rates further next month. Traders now assign a 17% chance the Fed keeps rates unchanged, up from 8% a day earlier, according to the CME FedWatch. (The Fed is now more unpredictable than a toddler with a hammer.) 🧱👶

The 10-year U.S. Treasury yield surged to nearly 4.20% following the reports, highest in three weeks. That helped send U.S stocks lower, with the Nasdaq sliding more than 1%. It’s since trimmed that loss to 0.5%. (The stock market is now a rollercoaster with no seatbelt.) 🎢📉

Already trading weak over the past few days, plunged below $111,000 to its lowest price since early September before reversing to $111,500, down 1.6% over the past 24 hours. dipped below $4,000, down 4.5% over the past 24 hours, while , , , suffered even steeper declines. (Crypto is now a game of “how low can you go?” and the answer is “very.”) 🚀📉

After strongly outperforming bitcoin for several months, ETH has given up major ground, with the ETH/BTC ratio having returned to flat year-to-date versus up 20% four weeks ago. (ETH is now the underdog who forgot the script.) 🦄📉

Solana’s (SOL) has been another recent favorite amid hype of newly formed digital asset treasury company’s and increased corporate adoption. It, though, is lower by 6% over the past 24 hours and nearly 20% over the last week. (Solana: Because nothing says “trust me” like a 20% drop.) 🏗️📉

Stocks lower (because even the stock market is tired of you)

Crypto-related stocks fell sharply across the board Thursday. Strategy (MSTR), the largest corporate bitcoin holder, slid 4.5%, while crypto exchange Coinbase (COIN) fell 4.1%. Miners were hit even harder: Cipher Mining (CIFR), despite an early rally on Google AI hosting deal news, was down 9.4%, while HIVE Digital (HIVE), Bitdeer (BTDR), Bitfarms (BITF) plunged 6%-8%. (Miners are now mining for a new job.) 🏇📉

Stablecoin issuer Circle (CRCL) also retreated 4.4% and Galaxy Digital (GLXY) slid 3.7%, extending the weakness across the sector. (Stablecoins? More like “stably unstable.”) 💸🌀

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2025-09-25 19:35