Cryptocurrency history's biggest landslide

Business

The cryptocurrency market has experienced the largest decline in the history of digital assets. On Monday, February 3, Bitcoin's value dropped to $94,051, losing more than $10,000 in just three days. The total losses of the crypto market amounted to a record $240 billion.

Cryptocurrency history's biggest landslide
Analysts link the collapse to several key factors. First of all, this is the launch of China's DeepSeek chatbot, which has affected investment flows. The US Federal Reserve's monetary policy also exerted significant pressure. An additional factor was the massive closure of positions by investors after a long period of crypto-asset growth.

Experts note that such sharp fluctuations are part of the natural cycle of development of the digital financial market, however, further prospects remain uncertain.

Powered by Froala Editor

Share with friends