Global cryptocurrency markets are experiencing a sharp downturn as investors pull back from risk assets, driving prices down across the board.
Bitcoin, the world’s largest cryptocurrency, recently plunged to around $60,000 — a 16-month low — before slightly rebounding, marking one of its biggest declines in years and wiping out roughly half of its value from late-2025 peaks. This sell-off has erased around $2 trillion in overall crypto market value as trader sentiment turns extremely negative.
Ether and most major altcoins have mirrored Bitcoin’s fall, with many tokens hitting multi-month lows amid broad selling pressure. Analysts note that forced liquidations and broken technical support levels have amplified the drop, making the current market cycle highly volatile.
Why It’s Happening
The crypto downturn is part of a larger risk-off move in financial markets, where traders reduce exposure to speculative assets like tech stocks and cryptocurrencies. Broader macroeconomic concerns — including monetary policy uncertainty, rising geopolitical tensions, and weaker risk sentiment — are pushing capital toward safer investments.
Market fear is at levels not seen since major past sell-offs, and while brief technical rebounds occur, the overall mood remains cautious with many investors waiting for clearer signs of stabilization.$BTC
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