“Golden Era of Crypto”: A Reality Check

Market_Chart
02-06 14:14

"Golden Era of Crypto"

Despite the “golden era” narrative, recent price action tells a different story.

Bitcoin, Ethereum, and major crypto-linked equities—from $MSTR$ and $COIN$ to miners like $MARA$ and $RIOT$—are all deep in drawdown territory.

The broad-based decline suggests that risk appetite is fading and that the sector remains firmly exposed to macro tightening, leverage unwind, and cyclical bear-market dynamics.

BTC -30.30%

ETH -40.08%

$Strategy(MSTR)$ -31.92%

$BitMine Immersion Technologies Inc.(BMNR)$ -44.21%

$Circle Internet Corp.(CRCL)$ -39.82%

$Coinbase Global, Inc.(COIN)$ -38.22%

$Robinhood(HOOD)$ -36.92%

$Galaxy Digital Holdings Ltd.(GLXY)$ -31.96%

$Strive(ASST)$ -43.02%

$Bakkt Holdings, Inc.(BKKT)$ -12.00%

$MARA Holdings(MARA)$ -32.09%

$Riot Platforms(RIOT)$ -14.83%

$IREN Ltd(IREN)$ -6.81%

$CleanSpark, Inc.(CLSK)$ -28.40%

$Hut 8 Mining Corp(HUT)$ -13.24%

$Bitfarms Ltd.(BITF)$ -34.23%

$Core Scientific, Inc.(CORZ)$ -7.32%

$TeraWulf Inc.(WULF)$ -6.44%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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