Crypto World Wipes Out $1 Trillion After Latest Bitcoin Drop (1)

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 before recovering some ground early Thursday, 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 regained some ground after Nvidia gave a strong revenue forecast, helping counter concern that a global surge in AI spending is poised to fizzle. Bitcoin was up 1.9% ...