Rental Coins, a collapsed Brazilian crypto company, has filed for Chapter 15 bankruptcy in the U.S. to help it recover assets, Bloomberg Law recently reported. Chapter 15 is designed for cross-border insolvency cases, allowing foreign companies undergoing bankruptcy proceedings abroad to protect their U.S.-based assets.

After strong growth throughout much of the spring and summer, the world’s most popular cryptocurrency is now roughly flat for 2025.

Bitcoin, the world’s largest cryptocurrency, was back below $90,000 on Wednesday — a level last seen in the wake of President Trump’s April 2 “liberation day” tariffs that pummeled stocks and riskier corners of financial markets.

Bitcoin’s modest rebound after its drop from $89,000 lifted several crypto-exposed stocks, despite broader market uncertainty.

Veteran trader Peter Brandt says Bitcoin may not reach $200,000 for four years, throwing cold water on many crypto executives’ end-of-year predictions.

The total crypto market cap slipped below $3 trillion on Nov. 20 as the digital assets market continued to reel. As per onchain analytics firm CoinGlass, more than 215,000 crypto traders have been liquidated and over $820 million has been wiped out from the market.

Investors would have been hoping for sizable gains, seeing as Nvidia's solid earnings have sparked a rally for tech stocks.

Crypto markets lose $1 trillion as Bitcoin drops below $90,000, but former Commerce Secretary Wilbur Ross remains bullish on long-term industry prospects.