Oh no, the crypto market is in chaos again—what a surprise!
What’s Going On?
- Bybit got hacked for a small sum of $1.4 billion in Ethereum. No worries, they somehow recovered $742 million, but investors are still freaking out.
- Infini, a digital bank, lost $49.5 million in USDC. Another day, another hack—nothing new here.
Meanwhile, Bitcoin is down 6.41% this month (because why not?). If it wants to turn February green, it has to somehow close above $102,500—good luck with that.
Why Is the Market Falling?
Oh, just the usual drama:
- New AI caused panic: Some fancy AI called Deepseek launched, and suddenly, people started selling tech stocks out of fear. Because, obviously, AI = stock crash = crypto drop (makes perfect sense, right?).
- Fed playing games: The Federal Reserve decided they won’t cut interest rates as much as people hoped. Less money flowing means risky assets like crypto take a hit.
- US being US: The US slapped new tariffs on imports, causing a $2 billion crypto sell-off. Bitcoin even dropped to $91,200 just to make things extra exciting.
What Should You Do?
- Don’t panic (unless you enjoy losing sleep).
- Buy the dip—if you actually believe in crypto and aren’t just here for quick profits.
- Do your research before throwing money into random coins.
Final Thoughts
Markets crash, markets recover—this is just another chapter in crypto’s never-ending soap opera. Sure, things look bad now, but history says these dips are golden opportunities. So, if you can handle the chaos, sit tight, grab some popcorn, and wait for the next pump.