A crypto market crash is accelerating this year, with Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Ripple (CRYPTO: XRP) prices being in a steep bear market after falling by over 50% from their highest points last year.
The market capitalization of all tokens has slumped from a peak of $4.2 trillion to $2 trillion.
Crypto Market Crashing Amid Rotation to Stocks A key driver behind the accelerating weakness in the crypto market is that investors in major economies such as the United States, South Korea, and Japan are rotating into equities, as stock markets surge amid the ongoing AI supercycle.
This rotation is also happening as crypto investors start to capitulate after years of underperformance.
A good example of this is the ongoing performance in the ETF market.
