Major Cryptocurrencies Face Significant Downturn and Volatility
Major Cryptocurrencies Face Significant Downturn and Volatility
Recent reports highlight severe market conditions for major cryptocurrencies. Bitcoin is under scrutiny with warnings of a potential crash that could significantly impact companies, while VeChain (VET) has experienced a dramatic 97% drop from its peak, raising questions about its market bottom.
Market Volatility Hits Major Cryptocurrencies
The cryptocurrency market is currently grappling with high volatility and significant price drops across various assets. Renowned investor Michael Burry has issued a stark warning regarding Bitcoin, suggesting that its recent plunge and potential further slide could lead to the demise of various companies reliant on the asset. Bitcoin has been characterized by extreme volatility, keeping investors on edge.
Adding to the market's woes, VeChain (VET) has experienced a severe decline, losing 97% of its value from its all-time high. The token has 'gained an additional zero' in its price, reflecting substantial losses that started in late 2025. This dramatic fall has prompted discussions on whether VET has finally reached its market bottom after suffering such extensive losses.