奇迹
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The cryptocurrency market collapsed! $800 billion evaporated in an instant! [The black swan is really here]
1. The price of cryptocurrencies plummeted
On Wednesday, the price of Bitcoin fell by 3.6%, and the decline in the past month reached 15%. Ethereum fell by 23% in the past month, and Solana fell by 42%. Mainstream cryptocurrencies plunged sharply.
2. The main reasons for the plunge
① Policy expectations failed: Trump's promised crypto-friendly policies have been slow to advance, and investors' expectations of the United States buying Bitcoin and encouraging financial institutions to enter the market have not been fulfilled. The price of "Trump Coin" launched in January plummeted by 83%, which greatly hit market confidence.
② Hacker theft impact: $1.5 billion worth of Ethereum was stolen from Bybit. This largest cryptocurrency theft case caused the market's trust in transaction security to collapse and triggered a sell-off.
③ Selling of risky assets: Trump's tariff policy caused market panic, and investors sold a large number of risky assets including cryptocurrencies, exacerbating the decline in the cryptocurrency market.
3. Funds fled crazily
On Tuesday, investors withdrew nearly $1 billion from the spot Bitcoin ETF, setting a record for capital outflow. Since the US election, Bitcoin ETF buyers have lost a total of approximately US$1.3 billion, liquidity in the cryptocurrency circle has suddenly tightened, and price declines have intensified.
1. The price of cryptocurrencies plummeted
On Wednesday, the price of Bitcoin fell by 3.6%, and the decline in the past month reached 15%. Ethereum fell by 23% in the past month, and Solana fell by 42%. Mainstream cryptocurrencies plunged sharply.
2. The main reasons for the plunge
① Policy expectations failed: Trump's promised crypto-friendly policies have been slow to advance, and investors' expectations of the United States buying Bitcoin and encouraging financial institutions to enter the market have not been fulfilled. The price of "Trump Coin" launched in January plummeted by 83%, which greatly hit market confidence.
② Hacker theft impact: $1.5 billion worth of Ethereum was stolen from Bybit. This largest cryptocurrency theft case caused the market's trust in transaction security to collapse and triggered a sell-off.
③ Selling of risky assets: Trump's tariff policy caused market panic, and investors sold a large number of risky assets including cryptocurrencies, exacerbating the decline in the cryptocurrency market.
3. Funds fled crazily
On Tuesday, investors withdrew nearly $1 billion from the spot Bitcoin ETF, setting a record for capital outflow. Since the US election, Bitcoin ETF buyers have lost a total of approximately US$1.3 billion, liquidity in the cryptocurrency circle has suddenly tightened, and price declines have intensified.
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