US crypto market tumbles to fresh 2025 lows

US crypto stocks slip as Bitcoin hits new 2025 low

Washington, May 10: The US crypto market witnessed a decline on Monday, with Bitcoin hitting a new low for the year 2025. The world's largest cryptocurrency by market value fell by 2.5% to $3,442, its lowest level since December 2022.

The slump in Bitcoin prices had a ripple effect on other cryptocurrencies, with Ethereum, the second-largest cryptocurrency, dropping 3.2% to $154.47. Other major cryptocurrencies such as Ripple, Litecoin, and Bitcoin Cash also fell by 2.5-3.5% each.

The decline in crypto prices was attributed to a combination of factors, including increased selling pressure and a strengthening US dollar. The US dollar index rose by 0.4% to 104.5, its highest level in over a year, making it more expensive for investors to buy cryptocurrencies.

Crypto stocks in the US also fell, with Coinbase Global Inc, the largest US-based cryptocurrency exchange, dropping 4.2% to $57.45. Other crypto stocks such as MicroStrategy Inc, Marathon Digital Holdings Inc, and Riot Blockchain Inc fell by 2.5-4.5% each.

The decline in crypto prices has raised concerns about the stability of the market. The crypto market has been experiencing a decline since the beginning of the year, with Bitcoin's price falling by over 30% in the past six months.

Many experts believe that the decline in crypto prices is a correction after a period of rapid growth. The crypto market has been experiencing a surge in growth in recent years, with Bitcoin's price increasing by over 500% in the past two years.

However, others are concerned that the decline in crypto prices could be a sign of a more serious issue with the market. The crypto market is known for its volatility, and many experts are warning investors to be cautious and not to panic.

In the meantime, the crypto market is expected to remain volatile in the coming days, with many investors waiting to see how the market will react to the decline in prices.