An illustration photograph taken on November 22, 2025, shows a gold plated souvenir Bitcoin coin reflected in a mirror and arranged for a photograph in front of a computer screen displaying the Bitcoin monthly price chart in a residential property in Guildford, south of London. Photo by Justin TALLIS / AFP via Getty Images

Crypto’s riskiest tokens are crashing on a scale that stands out even by the industry’s own volatile standards, abandoned by retail speculators saddled with humiliating losses and a growing sense the game is rigged.

Cryptocurrencies beyond Bitcoin have been hit hardest in the market downturn that kicked off early October. A MarketVector index tracking 50 mid- and micro-cap tokens has fallen nearly 70 per cent this year, hitting its weakest level since early 2020. Al

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