27.02.2025 13:00
Recent developments in the cryptocurrency market are causing concern among investors. In the past week, the market has experienced a decline of over 800 billion dollars (29,136,000,000,000 Turkish liras). The value of crypto assets has dropped to 2.81 trillion dollars.
In recent weeks, there has been a significant crash in the cryptocurrency market, with the market value dropping from $3.62 trillion at the end of January to $2.81 trillion, resulting in a loss of $810 billion (29,136,000,000,000 Turkish lira). Major cryptocurrencies like Bitcoin and Ethereum have experienced substantial losses in value.
INVESTOR CONFIDENCE IS FALLING
The largest cryptocurrency, Bitcoin, has fallen to $83,789, down 17% since the beginning of the month. Ethereum's market value has decreased by 15.9% to $278.26 billion, while Bitcoin's total market value has dropped by 12.68% in the past week, falling to $1.68 trillion.
ECONOMIC INSTABILITY HAS IMPACTED CRYPTO AS WELL
The slow implementation of crypto-friendly policies by the administration of U.S. President Donald Trump and global economic uncertainties have shaken investor confidence, leading to significant sell-off waves in the markets. Analysts attribute this decline to global economic uncertainties, widespread sell-offs in risky assets, and the largest cryptocurrency theft to date undermining confidence in the market.