Crypto Market Takes a Big Hit: What's Going On?

Crypto prices have been dropping fast. Bitcoin, the most famous one, fell below $85, 000. This is a big deal because it was worth over $126, 000 just a few weeks ago. That's a loss of about a third of its value in just eight weeks. It's not just Bitcoin. Other crypto-related companies are also feeling the pain. Coinbase, a big crypto trading platform, dropped by 4%. Robinhood, another popular trading app, lost 5. 2%. Even companies that mine Bitcoin, like Riot Platforms, saw a 7% drop. Some companies that invest big in Bitcoin are hurting too. Strategy, one of the largest, saw an 8. 8% drop. They own a lot of Bitcoin, worth about $55 billion as of Monday morning. American Bitcoin, which is partly owned by the Trump family, fell by 9. 3%. It's down 43% since the end of September. Why is this happening? Experts say it's because investors are feeling nervous. They're moving their money to safer things like bonds and gold. Bitcoin futures are down nearly 24% in the past month, while gold futures are up almost 7%. Deutsche Bank says there are a few reasons for this. Big investors are selling, and some long-term holders are taking profits. The Federal Reserve's recent decisions are also making people nervous. Plus, there's still no clear regulation for crypto, which adds to the uncertainty. The big question is: is this a temporary dip or a longer-term problem? Some think it's just a correction, while others worry it could be more serious. One thing is clear: crypto is still a risky investment.