A big decline was seen in the cryptocurrency market today, where global cryptocurrency The market cap fell to $3.37 trillion, representing a 6% decline in the last 24 hours. This decline also affected Bitcoin (BTC) and major Altcoins like Ethereum (ETH), Solana (SOL), XRP and even some popular Memecoins, raising concerns among investors who are trying to understand the reasons for this. Are.
Main reasons for the fall of the crypto market
There are many reasons behind the huge decline in the crypto market, which has caused turmoil in the global markets. Where a major reason has also been the increasing popularity of China-based synthetic intelligence application DeepSeek. This decline not only affected the cryptocurrency market, but its negative effects were also seen on other stock markets. DeepSeek’s rapidly rising popularity spooked investors, causing them to pull money out of high-growth tech stocks, which are now at risk.
Furthermore, prominent crypto trader and co-founder of BitMex, Arthur Hayes, has warned that a major “economic crisis” is coming, which is expected to result in immediate stimulus measures from the US Federal Reserve. Hayes believes that the price of Bitcoin could fall to $70,000 to $75,000 and could lead to a mini-financial crisis. As this news spread, a situation of panic was created and the crypto market fell.
Bitcoin falls below $100,000
Bitcoin fell below $100,000 and closed at $98,206.72, representing a decline of 6.41% in the last 24 hours. This is a huge decline, especially since Bitcoin recently touched an all-time high of $109,114, which was prior to President Trump’s inauguration. At the time of writing, Bitcoin’s market cap was $1.95 trillion and trading volume was $46.22 billion, showing some stability despite this dip. Although investors continue to live Bitcoin Price But are keeping an eye on.
Altcoins and Memecoins also fall due to rumors of economic crisis
Along with BTC, other major Altcoins are also facing big losses. Ethereum (ETH) declined by 6.84%, trading at $3,113.86. Solana (SOL) saw a decline of 11.42% and is now at $228.87, while XRP (XRP) declined by 7.30% and was trading at $2.90.
However, mimecoins, which are famous for their volatility, are facing even greater declines. Legitimate Trump (TRUMP) fell 16.09% to $26.07, while Legitimate Melania Meme (MELANIA) fell 8.72% to $2.41. MAGA (MAGAMemecoin) had the biggest decline, falling 44.16% to $3.00. Along with this, Shiba Inu, Pepe, Dogecoin also faced a big fall. This decline has further highlighted the speculative nature of these tokens and the risks of investing in them.
Conclusion
The decline in the crypto market highlights the volatility and risk of digital assets. With Bitcoin failing to hold above $100,000, Altcoins and Memecoins facing heavy losses, the crypto market is now in a holding pattern, awaiting clear signals from the Federal Reserve, the global economy or new regulations. doing. Right now, the biggest question is, will the recovery start before this fall? Investors should remain cautious and reevaluate their strategies in these uncertain circumstances.
