Crypto crumbles as anniversary of flash crash nears

A modest early decline in bitcoin BTC$80,925.70 on Thursday has accelerated, the price falling to about a one-month low just above $80,000

Bitcoin is down 4% over the past 24 hours, and is now lower by more than 8% since nearly hitting $87,000 just four days ago. That’s masking far uglier action in the rest of the sector, with ether and XRP lower by about 6% over the past day and solana off 9%. All are down double-digit percentages over the last week.

The fast selling comes as the one-year anniversary of the October 10, 2025, flash crash nears. It was on that day when bitcoin — having notched a euphoric record above $126,000 only days earlier — tumbled from about $122,000 to $105,000 (and even lower than that on some exchanges), with much of the decline happening in a matter of minutes in thin Friday evening (U.S. time) trade.