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A $80 Billion Market Drawdown Is Latest Test for Crypto Faithful

A $80 Billion Market Drawdown Is Latest Test for Crypto Faithful


Bloomberg (Crypto)
2025-10-14 17:08:16

Just two months ago, enthusiasm around Ethereum — the blockchain that powers a key corner of the crypto economy — was spilling into the mainstream. Its native token, Ether, had surged to a four-year high as investors treated it as both a currency and a bet on the network’s growing role in payments and finance. Wall Street desks were structuring funds around it, and SWIFT’s pilot of an Ethereum-linked ledger seemed to confirm its arrival as real-world infrastructure.


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