Crypto Market Plummets by $200 Billion Amid Fed Uncertainty

A significant decline in global cryptocurrency markets amounting to $200 billion has been observed in August 2025, primarily triggered by a drop in Bitcoin’s price due to remarks from US Federal Reserve Chair Jerome Powell. The incident led to a six-week low for Bitcoin, which fell below $112,000. This decline also impacted other major cryptocurrencies like Ethereum and altcoins, causing broader market corrections amid increased volatility.