- The collapse of the stock market in Crypto occurred with the Bitcoin drop to the bottom of the market.
- Mining companies such as Marathon Digital and Riot Blockchain face sharp losses.
- The United States and SEC government adopts a more convenient position despite stagnation.
The digital currency market is free, while taking the highest shares related to encryption with it. Bitcoin’s decline has shook this industry, as large exchanges, trading places, and mining companies have been a victim.
Coinbase drops
Coinbase, the largest cryptocurrency in the United States, fell from its shares from nearly $ 350 per share in November to 190 dollars. This sharp diving caused a significant loss of market value, from 86 billion dollars to 48 billion dollars, which represents a decrease of $ 38 billion.
Bitcoin Microstrategy strategy under pressure
MicrostrategyIt has been renamed as a strategy, and has also been a great success. The company, which continues to add Bitcoin to its public budget, lost the market value from $ 106 billion in the previous year to $ 79 billion.
With 499226 Bitcoins in its public budget, the company’s fate is still directly related to Bitcoin work.
Robinhood, which was known for retail circulation, is now a force that must be calculated in the crystallized currency world. Its shares, though, did not get away from the stagnation in the market, as it decreased from 66.85 dollars this year to $ 45. Autumn has spent about $ 18 billion.
Robinhood did not let such challenges prevent it from expanding its scope in the Crypto Square, especially as it was acquired on Bitstamp scheduled later this year.
Bitcoin miners under pressure
Bitcoin mining companies have seen a severe blow as BTC prices have declined profitable margins. Mara Holdings, a recognized company as Marathon Digital, lost more than $ 4.6 billion in its market value.
Many other mining companies, such as Riot Blockchain, Core Scientific, Cleanspark, HUT 8 Mining, and Terawulf, also, have deployed billions of dollars.
The decrease in the encryption market has a significant decrease in the total market value. The total value of all encrypted currencies has decreased from more than $ 3.7 trillion in 2024 to $ 2.7 trillion now, according to Coinmarketca.
Bitcoin alone took a dramatic decrease, as it decreased from $ 109,300 in January to 85,000 dollars. The performance of Altcoins was worse, as Solana’s coins have lost more than $ 18 billion.
Organizational developments and the shattering of the market
Despite the decrease, the organizational environment has become more positive. The United States government has committed to supporting industry through projects such as strategic bitcoin reserves.
The Securities and Stock Exchange Committee (SEC) has also become more welcoming and settling lawsuits against major players such as Coinbase, Ripple Labs and Kaken.
The fate of encryption stocks is unclear. Some analysts expect recovery, while others believe that the stagnation of the market means that the bull run in the last stage has ended. Standard Charterd made a bitcoin to rise to $ 500,000 in the long run, while Ki Jong Jo, the founder of Cryptoquant, believes that all signs are currently indicating a declining future.
Since the market rides this experimenting time, investors and players in the sector alike will pay close attention to any indicators on the transformation or the ongoing segment in the coming months.
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