The decline follows months of falling cryptocurrency prices that have unsettled investors and caused losses for companies with heavy exposure to digital assets.
Data from CoinGecko shows the global cryptocurrency market has shed about $2 trillion in value since early October, increasing pressure on stocks linked to the crypto industry.
Bitcoin had surged throughout 2024 and 2025, boosted by industry-friendly policy decisions and strong investor enthusiasm, and crossed the $100,000 mark for the first time in December 2024.
That momentum has since faded, with significant losses recorded through January and early February.
The broader sell-off has also weighed on other major cryptocurrencies. Ether, the second-largest digital asset, has fallen more than 30 percent so far this year after failing to keep pace with bitcoin’s earlier rally.
Regulatory concerns have added to market uncertainty. The Guardian reported that US Representative Ro Khanna plans to investigate reported investments linked to a Trump family crypto venture, warning the deal may have influenced changes in US policy.
Analysts say continued volatility and growing political scrutiny are likely to affect the cryptocurrency market in the coming months.
