The market is down: Bitcoin dropped ~6% recently and is on track for one of its worst months this year.

According to a widely-read analysis, the crypto sell-off wiped out roughly $1 trillion in market value across ~18,000 cryptocurrencies — a steep reversal after a bull run earlier in 2025.

Major firms in crypto continue deals: this year, companies in the sector pushed total deal value to a record $8.6 billion (mergers, acquisitions, expansions) — signalling some investors are doubling down even amid volatility.