Crypto Market Crash: What’s Happening?
The crypto market is experiencing a sharp downturn as of February 2, 2025.
Bitcoin ($BTC ): Down 4.44%, trading at $96,694 (high: $101,413, low: $96,532).
Ethereum ($ETH ): Dropped 7.94% to $2,906.
$BNB : Down 6.28%, currently $617.
Cardano ($ADA): Plunged 12.78% to $0.79.
Solana ($SOL): Fell 6.81% to $202.
Why the Drop?
1. Macroeconomic Factors: Strong U.S. economic data suggests the Federal Reserve may delay interest rate cuts, impacting investor sentiment.
2. Rising Treasury Yields: Concerns over U.S. debt and fiscal policies are pushing yields higher, affecting risk assets like crypto.
3. Market Sentiment Shift: The Fear & Greed Index dropped to 54, signaling uncertainty.
What’s Next?
Crypto’s volatility remains high. Investors should stay cautious, diversify, and monitor economic trends closely.
