The crypto market is currently under a lot of pressure — around $117-160 billion has been lost in a recent week, especially in Bitcoin and Ethereum.
The Economic Times
Bitcoin is hovering around $112,000, while Ethereum is trading at $4,177.
One of the reasons for the market pressure is the massive liquidation of highly leveraged positions and regulatory uncertainty — there are efforts to tighten regulations around crypto exchanges and derivatives regulation in the US and Europe.
Globally, the number of wealthy individuals in crypto assets is growing rapidly — the total number of crypto-owning millionaires in the world is expected to reach about 241,700 in 2025, a 40% increase from last year. The crypto market in Bangladesh is not very active — the central bank has warned the public several times that virtual coin transactions may be prohibited by law. On the other hand, Bangladesh-based ECM Blockchain is developing as a major project and plans to launch its mainnet by the end of 2025. Therefore, today reflects “moderate caution” in the crypto market — both large gains and losses can occur. It is better to make decisions based on good technology and reliable data analysis when it comes to new investments.