Crypto Bloodbath: Filecoin, Dash, ICP Plummet as Institutional Bears Take Control
Digital assets get slaughtered in brutal market rout
The crypto massacre continues—Filecoin, Dash, and Internet Computer lead the charge downward in what's shaping up to be another red day for digital assets. These former darlings of the decentralized revolution are getting absolutely hammered while traditional finance sharks circle the bleeding waters.
Institutional money playing both sides—what else is new?
While retail investors panic-sell, the big boys are quietly positioning for the next cycle. They'll buy your fear and sell your euphoria—the oldest trick in the Wall Street playbook, now with blockchain flavor. Filecoin's storage narrative collapses under selling pressure while Dash's privacy pitch fails to hide its dismal performance.
Internet Computer's ambitious web3 vision can't compute against bearish momentum
The so-called 'Ethereum killer' is getting slaughtered itself today, proving once again that in crypto, today's revolutionary project is tomorrow's liquidation candidate. Another day, another 10% drop—just hedge funds doing their usual pump-and-dump dance while pretending it's 'portfolio rebalancing.'
Major Crypto Events Today
Source: Forex Factory
24 Hour Crypto Market Update
Bitcoin is currently priced at $92336, representing a 0.73% rise in the past 24 hours. With $98 billion in trading volume and a $1.8 trillion market cap.
Ethereum trades at $3108, up 2.81% in the last 24 hours, with a $375 billion market cap and $39.9 billion in trading volume.
Aster (ASTER) at $1.39, gaining 14.31% with a TV $1.17B.
Anoma (XAN) at $0.04554, surging 46.48% supported by TV $136.19M.
Artificial Superintelligence (FET) at $0.2949, rising 8.15% with TV $224.52M
Bitcoin (BTC) at $92,192.98, posting a mild 0.34% gain, and recorded a TVL $97.97B.
SPX6900 (SPX) sits at $0.5438, up 17.27%, backed by $52.31M in TV.
Starknet (STRK) surged 17.94% to $0.2131. Its trading volume stands at $476 million.
AB (AB) jumped 17.36% to $0.007972. The token recorded a trading volume of $25.5 million.
SPX6900 (SPX) gained 16.23% to $0.541. Its trading volume reached $51.9 million.
ICP (Internet Computer) at $5.14 with a 10.17% drop, recorded a volume of $629 million
Filecoin (FIL) is priced at $2.01, down 4.79%, with $648 million in trading activity.
Dash (DASH) at $77.71 slipped 2.75% with $344 million trading volume.
Stablecoins hold a market cap of $310 billion with $152 billion in trading volume, representing a 0.1% negative change.
The DeFi market cap stands at $118 billion, down 2.4% in the last 24 hours, with a trading volume of $8.8 billion. DeFi dominance remains at 3.6%.
Fear and Greed Index Today
Source: Alternative Me
The current Fear and Greed Index is at 15, which indicates extreme fear. The state of the cryptocurrency is better than yesterday’s fear index of 11. Still, the market resides in extreme fear. Mainly due to sharp declines in prices and increased risk aversion, and selling pressure. Persistent volatility, weak liquidity, and macro uncertainty have pushed traders toward defensive positioning, deepening overall market fear.
Latest Market News Today
Nvidia, Microsoft, and Anthropic unveiled a sweeping AI partnership as Anthropic secures $30B Azure compute, gains $15B in combined investments, and deepens joint engineering with Nvidia, marking another landmark multi-billion-dollar AI deal.
New Hampshire’s BFA approved a $100 million bitcoin-backed municipal bond using BitGo-held BTC. With strict collateral safeguards, revenues will fund the state’s Bitcoin Economic Development Fund to boost innovation and entrepreneurship.
0xbow has raised $3.5 million in seed funding led by Starbloom Capital, with backing from Coinbase Ventures, BOOST VC, and Balaji Srinivasan to advance Privacy Pools’ compliant privacy protocol under Ethereum’s Kohaku program.
Kraken has received a $200 million investment from Citadel Securities, lifting its valuation to $20 billion. Including September’s raise, funding totals $800 million as the exchange accelerates global expansion and payment innovation.
The OCC’s Interpretive Letter 1186 confirms national banks may pay blockchain network fees and hold necessary crypto-assets, including those required for testing approved crypto-related platforms, strengthening regulatory clarity for compliant blockchain use.
Bitcoin miner Bitfury announced a $1 billion “Ethical Technology & AI” initiative, committing $200 million next year toward AI, quantum computing, decentralized transparency, and self-sovereign identity, with further investments planned gradually.
Tether announced a strategic investment in bitcoin lender Ledn, which has issued $2.8B in BTC-backed loans. Ledn projects over $1B in 2025, with ARR already exceeding $100M.
Kintsugi's Harry Kim cautioned at Finternet 2025 that the tokenization plans of Korea will not speed up until fully developed regulations on taxation and custody are in place, with proposed taxes on digital assets of 20-25% causing investor unease.
The new UNIfication plan by Uniswap proposes protocol-fee burning, MEV auctions, and a 100M UNI retroactive burn, and hopes to tie the activity of the platform to the scarcity of UNI and restructure the LP rewards and user fees.
Brazil’s government is considering extending its financial transaction tax to international crypto payments, as officials review whether foreign exchange–classified VIRTUAL asset transfers should face new levies.
CoinGabbar’s Opinion
Given today’s crypto landscape—marked by extreme fear, rising volatility, and sharp sector-wide fluctuations—investors should approach the market cautiously. While strong gainers show trading opportunities, unstable sentiment and liquidity risks make short-term investing risky. Long-term buyers may benefit from gradual accumulation, but disciplined risk management and thorough research remain essential.
Disclaimer: This is not financial advice. Please DYOR before investing. CoinGabbar is not responsible for any financial losses.
