@noahyeates
The cryptocurrency market shows signs of a bubble in September 2025, with rapid growth driven by speculation, institutional inflows, and pro-crypto policies like U.S. stablecoin regulations. Kraken's co-CEO warns of short-term bubbles amid hype, while critics like Barry Silbert note 99% of tokens are overvalued.
Historical patterns, including 80% crashes, support this view, though optimists cite real adoption.
Current valuation: Total market cap ~$4T, up 91% YoY, with BTC at $115K-$118K (dominance 57%), ETH ~$4.5K, and daily volume $131B. This exceeds 2021 peaks but risks volatility from regulatory or economic shifts.