Markets braced for chaos after Trump triggers record-breaking crypto crash
https://www.telegraph.co.uk/business/2025/10/11/markets-chaos-trump-triggers-record-crypto-crash/
City traders on alert for panic selling after $400bn slump in less than 24 hours.
https://www.telegraph.co.uk/business/2025/10/11/markets-chaos-trump-triggers-record-crypto-crash/
City traders on alert for panic selling after $400bn slump in less than 24 hours.
Crypto Trading and Bitcoin Prices: Evidence from a New Database of Retail Adoption
https://link.springer.com/article/10.1057/s41308-025-00275-0
Abstract
Prices for cryptocurrencies have undergone multiple boom-bust cycles, together with ongoing entry by retail investors. To investigate the drivers of crypto adoption, we assemble a novel publicly available database on retail use of crypto exchange apps at daily frequency for 95 countries over 2015–2022. We show that a rising Bitcoin price is followed by entry of new users, in particular among more risk-seeking segments of the population. Moreover, we find that when prices rise larger holders sell, likely making a return at retail users’ expense. We confirm these findings by exploiting an exogenous decline in the Bitcoin price during the social unrest in Kazakhstan in early 2022.
https://link.springer.com/article/10.1057/s41308-025-00275-0
Abstract
Prices for cryptocurrencies have undergone multiple boom-bust cycles, together with ongoing entry by retail investors. To investigate the drivers of crypto adoption, we assemble a novel publicly available database on retail use of crypto exchange apps at daily frequency for 95 countries over 2015–2022. We show that a rising Bitcoin price is followed by entry of new users, in particular among more risk-seeking segments of the population. Moreover, we find that when prices rise larger holders sell, likely making a return at retail users’ expense. We confirm these findings by exploiting an exogenous decline in the Bitcoin price during the social unrest in Kazakhstan in early 2022.