The crypto market is under heavy pressure, with Bitcoin (BTC) dropping below $71,000 and Ethereum (ETH) falling near $2,100. The sell-off has erased nearly $500 billion from the total crypto market, while major altcoins like XRP and Cardano continue to slide.
Analysts point to tighter monetary policy expectations, weakness in global tech stocks, and declining investor confidence as the main drivers behind the correction.
Despite the downturn, institutional adoption remains strong, with Fidelity preparing a new stablecoin and crypto infrastructure continuing to expand.
Will this be the bottom—or just another chapter in crypto's volatile cycle?
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