Media Man Int Blog
Crypto's 'catastrophic' crash snares novices
October 14, 2025
Australian cryptocurrency exchange-traded funds have seen their funds under management pass the $1 billion mark for the first time, due to the strong demand for bitcoin. This milestone has been achieved as the price of the crypto currency fell by 12 per cent over the weekend, with the slump attributed to US President Donald Trump imposing an additional 100 per cent tariff on China and export restrictions on software. A record $US19 billion ($28.9 billion) in crypto 'bets' dissipated in just 24 hours, with the slump in the price of bitcoin occurring just days after its price had reached a record high.
