Crypto Rout Deepens As Bitcoin And Ethereum Skid Sharply
Cryptocurrency markets opened under heavy pressure on Feb 6, with pain spreading from digital assets to broader risk sentiment. Bitcoin plunged toward multi‑month lows, briefly dipping near US$60,000 before a modest rebound, reflecting continued sell‑offs that have wiped trillions off the overall market value.
Ethereum fared even worse, sliding deeper into red as it traded well below key psychological levels, with losses outpacing Bitcoin and underscoring intense downside momentum.
The broad crypto sell‑off has been driven by heavy leveraged liquidations, weak investor confidence and spillovers from risk assets, dragging sentiment into “extreme fear” territory across markets. Bitcoin’s slump has mirrored larger…
