Crypto Markets Tumble Amid Political Turmoil and Macroeconomic Shocks
Digital assets faced a brutal selloff on December 30, 2025, with total market capitalization shedding 3% to $2.96 trillion. Bitcoin (BTC) led the decline, falling to $87,216.94, while ethereum (ETH) and XRP dropped 3% to $2,943.50 and $1.85 respectively.
The downturn stems from a trifecta of destabilizing events: escalating tensions between former President Trump and Federal Reserve Chair Jerome Powell, China's impending silver export ban, and over $210 million in Leveraged liquidations. Market participants fled risk assets as Trump's public demand for Powell's resignation sparked fears of monetary policy instability.
Technical factors exacerbated the move. The liquidation cascade hit altcoins particularly hard, with double-digit declines across speculative tokens. Exchange data shows Binance and Bybit processed the highest volume of forced sell orders during the capitulation.
