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Ethereum Updates Today: Crypto Market Faces $1.3 Trillion Downturn—Testing Industry Growth and Altcoin Stability

Ethereum Updates Today: Crypto Market Faces $1.3 Trillion Downturn—Testing Industry Growth and Altcoin Stability

Bitget-RWA2025/11/24 18:16
By:Bitget-RWA

- Cryptocurrency markets lost $1.3 trillion since October, with Bitcoin and altcoins like Solana and Ethereum plummeting amid leveraged trading and macroeconomic shifts. - Trump family's crypto-linked wealth dropped $1 billion, highlighted by a 90% collapse in his meme coin and 30% decline in American Bitcoin shares . - Prediction token RAIN surged 100% after Enlivex Therapeutics announced a $212M RAIN treasury, positioning it as a decentralized forecasting innovation leader. - Ethereum-focused Bitmine Imm

Since October, the cryptocurrency sector has shed $1.3 trillion in market value, prompting investors to search for assets that can withstand the ongoing turbulence.

, which , has now dropped below $85,000. Meanwhile, alternative coins such as (SOL) and (ETH) have lagged behind, even as institutional players show interest in digital treasuries. Notably, prominent individuals like the family have experienced a , with leveraged positions and changing macroeconomic outlooks deepening the losses.

Widespread failures have highlighted the market’s vulnerability. Trump’s meme coin, which

, has now lost more than 90% of its worth. At the same time, , a mining company supported by Trump’s sons, has last September. Solana has also , despite $336 million in institutional investments. as the result of margin calls, a more dovish Federal Reserve, and fading enthusiasm for AI infrastructure spending that previously fueled gains.

Ethereum Updates Today: Crypto Market Faces $1.3 Trillion Downturn—Testing Industry Growth and Altcoin Stability image 0
Amid the widespread losses, one altcoin has bucked the trend. Rain (RAIN), a prediction market token operating on Arbitrum, revealed plans to raise $212 million to establish a RAIN treasury. This initiative, the first institutional Digital Asset Treasury (DAT) dedicated to prediction markets, has to benefit from the rising interest in decentralized forecasting solutions. “Prediction markets are a fundamental component for blockchain progress, similar to what is for decentralized exchanges,” stated the chairman of Enlivex.

Meanwhile, Ethereum backers are maintaining a cautious sense of hope. Bitmine Immersion (BMNR), a company focused on Ethereum, has

aiming to control 5% of the asset, using staking returns to manage expenses. Even with ETH’s price falling 28.73% over the last month, for steering clear of debt, unlike tech giants such as Oracle and Amazon, which have borrowed heavily to finance AI infrastructure.

Ongoing market instability has also revived discussions about whether current valuations are sustainable.

, which did not halt the market slide, underscore the fragility of optimism driven by technology. At the same time, Revolut’s $75 billion valuation, achieved through a share sale involving Coatue and Nvidia, highlights the contrasting paths of digital assets and established fintech firms.

At present, investors are divided. Some view the downturn as a chance to buy—especially in tokens like Rain and Ethereum—while others caution that a larger correction may be underway.

, pointing to limited liquidity and macroeconomic headwinds as significant concerns. With Bitcoin hovering near its lowest point since 2025 began and Solana’s circulating supply in the red, the road to recovery appears challenging.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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