Khaberni - The cryptocurrency market lost two trillion dollars in value since its peak in October/October 2025, with intensified sell-offs worsening, according to Coin Gecko.
Bitcoin
Bitcoin fell more than 8.32% in today's trading to 67281, its lowest level since August 2024, according to Coin Market Cap.
The price of Ether - the world's second largest digital currency - also fell about 6.23% to 1977 dollars.
The drop of Ether below the 2000 dollar mark is the first since May of last year.
The latest decline in digital currencies came quickly and strongly, and analysts say it resulted from the nomination of Kevin Warsh for the upcoming chair of the Federal Reserve (the US central bank), due to expectations that he would adopt a monetary tightening policy.
Manuel Villegas Franceschi from the Next Generation Research team at "Julius Baer Bank" said, "The market fears that (Warsh) will adopt a hawkish approach. (Also) shrinking the balance sheet will not provide any supportive factors for cryptocurrencies."
Digital currencies are widely seen as beneficiaries of a large balance sheet, as they tend to rise when the US central bank injects liquidity into the financial markets, which boosts speculative assets.
Cryptocurrencies lost about half a trillion dollars in market value in less than a week with the escalation of their sales, especially Bitcoin.
