Last week in the world of cryptocurrencies was filled with unexpected events and significant financial upheavals. The crypto market experienced a massive correction, leading to unprecedented liquidations and substantial changes in the industry.
This is reported by Business • Media
Cryptocurrency Market: Major Correction and Record Liquidations
Bitcoin, which recently reached an all-time high of over $125,000, suffered a significant drop. The price fell to $102,000, marking nearly an 18 percent decrease. Altcoins were particularly hard hit — some assets lost up to 70% of their value.
“This is the largest wave of liquidations in the history of the cryptocurrency market,” analysts note.
The scale of the decline is staggering: over $19 billion in positions were forcibly closed in a single day, affecting around 1.6 million traders. The largest single liquidation amounted to over $203 million on the Hyperliquid platform.
Regulatory Changes and New Investment Products
Despite the market turbulence, last week brought a number of positive developments. In particular, Grayscale launched the first spot cryptocurrency ETPs with staking for Ethereum and Solana in the U.S. Meanwhile, regulators continue to shape the regulatory landscape: the SEC plans to create a special regime for crypto innovations, and European institutions are discussing the centralization of market oversight.
Among other significant events were the establishment of strategic partnerships in the field of artificial intelligence, plans for launching new tokens, and substantial investment deals.