The Bitcoin, Ethereum, and Dogecoin prices are crashing today, hitting multi-month lows. The downturn signals a broad market pullback across risk-off assets. Unlike the October 2025 flash crash, this phase reflects a combination of macroeconomic pressures, shifts in institutional demand, and global market stress.
Data from CoinMarketCap shows the broader crypto market down more than 6.2% to about $2.43 trillion. Bitcoin led the move, falling roughly 7% at the time of writing, followed by other major assets. The decline appears macro-driven, with selloffs across global risk assets and correlations with major indices like the Nasdaq-100 ETF and gold suggesting a liquidity- or rate-driven retrenchment.
Bitcoin has fallen more than 42% from its October 2025 peak above $126,000. After hitting that high, the asset has been in a prolonged slump, struggling to clear key resistance and fail to reclaim previous highs. The slide toward around $71,000 has also weighed on Ethereum and Dogecoin, which tend to move in step with BTC.
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