Crypto Market Bleeds Live Updates: Bitcoin Drops Below $16k, Ethereum Falls By 3%: Huobi Token Up By 12%

Cryptocurrency markets bleed continues after the following FTX collapse and some credit also goes to a hardline approach from Fed.
By Nishant Shukla
Updated May 16, 2025
Crypto News

Crypto Market Bleeds Live Updates: Cryptocurrency markets bleed continues after the following FTX collapse and some credit also goes to a hardline approach from Fed. Notably, in the last few weeks, the crypto bloodbath continues which leads to the market cap falling below $800 billion.

 

Advertisement
Nishant Shukla
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.