Cryptocurrency Market

Bitcoin and Ethereum prices have fallen significantly, influenced by a surge in U.S. Treasury yields and strong economic service sector growth. The broader crypto market including stocks like Coinbase and MicroStrategy also experienced declines. Investors remain cautious about potential Federal Reserve interest rate actions impacting crypto assets.

On August 14, 2025, Bitcoin surged to a new all-time high of $124,100 before dropping 5%, settling under $118,000. Ethereum also dipped 4% to around $4,500, as the total crypto market cap declined nearly 4% to $4.07 trillion. Market optimism over possible Federal Reserve rate cuts in September gave way to concerns following a significant increase in U.S. producer goods prices, affecting analyst confidence.

On July 17, 2025, the U.S. House of Representatives approved the GENIUS Act, a significant step toward regulating U.S.-dollar-pegged stablecoins. Expected to be signed into law, the Act expands the CFTC's oversight of crypto markets, marking a new era in crypto regulation.

Bitcoin surged past $100,000 in 2024 thanks to the US SEC's approval of spot ETFs and optimism around crypto-friendly policies under the Trump administration. The cryptocurrency market hit a $3.5 trillion valuation, with forecasts of Bitcoin reaching $200,000 by 2025.

On March 2, 2025, former US President Donald Trump signed an order to establish a strategic cryptocurrency reserve including Bitcoin, Ethereum, Ripple, Solana, and Cardano. This move has sparked debate among tech supporters and could significantly impact the crypto market.