3 Main Reasons Behind the Sudden Collapse of Cryptocurrencies

2025-02-03 10:34:47

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The cryptocurrency market suffered a major blow as prices plummeted sharply on Sunday, signaling the start of a steep decline. Bitcoin, Ethereum, and altcoins all witnessed significant losses, with the total market capitalization dropping billions of dollars in just a few hours. This sudden crash was not isolated—it coincided with a major sell-off in the US tech sector, escalating panic among investors. 1 Unsuccessful breakthrough and profit-taking triggered a decline

S13.96%

BTC3.8%

ETH5.73%

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