The crypto market has just experienced one of its most violent downturns in months. After reaching a historic high of $109,000 on January 20, Bitcoin plunged by 28 %. This drop wiped out billions of dollars in market capitalization in a matter of weeks. Such a brutal reversal occurs against a backdrop of economic tension and turbulence in the financial markets. But beyond a simple technical correction, several major events contributed to this decline. Among fears of macroeconomic instability, record cyberattacks, and political disillusionments, we look back at the causes of…