Crypto Asset Values Plummet to 2025 Lows Amid Market Turmoil

Crypto assets have experienced a substantial downturn this month, reaching record lows in the alternative crypto market sector. Meme coins and non-fungible tokens (NFTs) are particularly hard hit. Shiba Inu and Dogecoin, two of the most prominent meme coins, have seen significant value losses, amounting to $5 billion in combined value. Similarly, NFTs have experienced a 43% drop in valuation. This sharp decline signals broader financial distress and volatility within the cryptocurrency market.