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Giant tech firm’s Bitcoin sale sparks crypto market panic

Giant tech firm’s Bitcoin sale sparks crypto market panic

The cryptocurrency market is undergoing a massive structural shift, and its historical safety net has vanished.

Bitcoin recently plunged to a two-week low, hovering around $62,800. The drop marks a staggering 50% decline from its all-time record high in October. While sharp corrections are nothing new for crypto, analysts warn that this specific downturn is fundamentally different from previous cycles, News.Az reports, citing Yahoo Finance.

Historically, passionate retail buyers stepped in to “buy the dip” and cushion sharp declines. This time, everyday investors have largely gone quiet. According to Deutsche Bank research analyst Marion Laboure, the dominant buyers in the market are no…

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