Why Is Crypto Down Lately? Bitcoin Crash Sends Shockwaves Across Crypto Market, Erasing $2 Trillion and Pushing Investors to Low-Cap, High Upside Gems like DeepSnitch AI
The post Why Is Crypto Down Lately? Bitcoin Crash Sends Shockwaves Across Crypto Market, Erasing $2 Trillion and Pushing Investors to Low-Cap, High Upside Gems like DeepSnitch AI appeared on BitcoinEthereumNews.com.
Bitcoin recently plunged to about $63,300, its lowest since October 2024. The downtrend accelerated a broader selloff that wiped roughly $2 trillion from the total crypto market cap. For those wondering “why is crypto down,” macroeconomic activities and selloffs could be the reason. As fear grips the market, capital is rushing into genuine, high-utility innovative projects like DeepSnitch AI (DSNT). This AI powerhouse is defying the crash, proving its potential to stay bullish and dominate in the next cycle. This is the ultimate signal. Experienced traders are already moving their capital into DeepSnitch AI, which is worth $0.03906. Also, they are taking advantage of the exclusive presale bonuses to supercharge their position before the window closes. Bitcoin plunge triggers $2 trillion wipeout in crypto market value Bitcoin plunged sharply on Thursday, accelerating losses as risk sentiment deteriorated across global markets. The world’s largest cryptocurrency dropped to $63,295, its lowest level since October 2024. This selloff comes amid volatility in precious metals and a broad selloff in technology stocks. The downturn has wiped roughly $2 trillion from the total crypto market, which peaked at $4.379 trillion last October. Analysts say the selloff reflects deeper stress. Coin Bureau co-founder Nic Puckrin described the market as being in “full capitulation mode.” He warned that the move signals a prolonged reset phase rather than a short-term correction. Overall crypto market is down, but three coins show resilience 1. DeepSnitch AI (DSNT): The best 100X crypto to buy to recover from the downturn? Despite the recent market cycle pullbacks, DeepSnitch AI remains one of the top gainers. The AI-based utility coin has maintained a steady uptrend, giving early holders over 153% in profits. Also, DeepSnitch AI is in the fifth stage of its presale and is preparing for a major uptick. One factor fueling this…
Filed under: News - @ February 9, 2026 10:30 pm