Crypto Under Pressure as ETH Treasury Losses Mount and BTC Mining Activity Declines
Crypto markets faced renewed pressure over the past 24 hours as major digital assets sold off amid leverage-driven liquidations, weakening miner economics, and heightened risk aversion. Ether (ETH) prices slid toward the $2,300 level, contributing to multi-billion-dollar unrealized losses for large treasury holders, while Bitcoin (BTC) fell below key cost-basis thresholds for major institutional investors. At the same time, Bitcoin’s network hashrate recorded its sharpest decline since the post-China mining ban recovery period, and a major Solana (SOL)-based DeFi protocol disclosed a significant treasury exploit.
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