Bitcoin has experienced a significant drop, falling below $80,000 and marking a 20% decline for February. This downturn has triggered a broader market sell-off, with ether also dipping below $2,100. The crypto market’s increased volatility is not isolated; it mirrors trends in traditional markets. The Volmex BVIV, which tracks bitcoin’s 30-day implied volatility, has jumped by 10%, matching the increase in the MOVE index for U.S. Treasury notes. Wall Street’s fear gauge, the VIX, has risen by 14%. These movements reflect broader economic concerns, including potential tariff policies, leading investors to shift towards less volatile assets. Despite the gloomy outlook, there are positive regulatory developments, such as the SEC dropping charges against Uniswap. Meanwhile, over $240 million in ETH has been laundered through Thorchain by Lazarus-tagged wallets, mainly swapped for BTC.
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