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The Guardian - UK

Technology

Lauren Almeida

Crypto market sheds more than $1tn in six weeks amid fears of tech bubble

Crypto Google Bitcoin Nvidia Sebastian Siemiatkowski Gold Klarna

Bitcoin tokens for sale during the Bitcoin 2025 conference in Las Vegas — The Bitcoin price has fallen by more than a quarter in the past six weeks. Photograph: Bloomberg/Getty Images

More than $1tn (£760bn) has been wiped off the value of the cryptocurrency market in the past six weeks amid fears of a tech bubble and fading expectations for a US rate cut next month.

Tracking more than 18,500 coins, the value of the crypto market has fallen by a quarter since a high in early October, according to the data company CoinGecko.

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