Crypto Turmoil and Triumph: Ether’s Plunge, Trump’s $105M Token Bet & Stripe’s New Blockchain (Sep 5–6, 2025)
Key Facts Market Whiplash Amid Fed Hopes and Fears Cryptocurrency prices saw sudden whiplash on Friday (Sep. 5) as macroeconomic news rattled traders. Early in the day, markets rallied on a soft U.S. jobs report – only 22,000 jobs added in August – which cemented bets that the Federal Reserve would finally cut interest rates coindesk.com. But euphoria was short-lived. Following the U.S. stock market open, crypto reversed course violently, led by a sharp plunge in Ethereum. Ether (ETH) collapsed nearly 4% within minutes, falling below a key bull-trend support coindesk.com. Bitcoin proved slightly more resilient, dipping about 2.5% to