bloody Friday in the crypto markets. We are currently seeing a massive capitulation event that has erased nearly all gains from the late-2024 rally.
The Bottom Line Bitcoin (BTC): Hovering between $63,000 – $66,000. It briefly touched $60,057 yesterday, its lowest point since October 2024. Ethereum (ETH): Trading around $1,900. It has officially broken below the key $2,000 support level, down roughly 38% for the year. Market Cap: Over $2 trillion has been wiped off the total crypto market cap since its October peak.
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6 Feb 2025
bloody Friday in the crypto markets. We are currently seeing a massive capitulation event that has erased nearly all gains from the late-2024 rally.
The Bottom Line
Bitcoin (BTC): Hovering between $63,000 – $66,000. It briefly touched $60,057 yesterday, its lowest point since October 2024.
Ethereum (ETH): Trading around $1,900. It has officially broken below the key $2,000 support level, down roughly 38% for the year.
Market Cap: Over $2 trillion has been wiped off the total crypto market cap since its October peak.