Why is crypto crashing today? That’s a question that many investors have been asking themselves all over the first half of February. Explanations of diverse nature have been given, but signs are pointing to macro factors rather than an internal weakness of the market.
Even if it isn’t totally clear why crypto is crashing, what seems very likely is that DeepSnitch AI will thrive no matter what lies in the future for the sector. The upcoming AI crypto investment tool has been made for all seasons, and a 100x explosion this year is looking like a very real possibility.
Bloomberg analyst says Bitcoin could fall to $10,000
Why is crypto crashing? What does it mean, concretely, that it is crashing? These are questions whose answers are harder to find than one might think. Adding to the complexity and fear are doomsday scenarios given by authorized voices, like Bloomberg analyst Mike McGlone, who warns of a potential Bitcoin collapse toward $10,000 in a US recession scenario.
His take tacitly refers to a couple of phenomena in today’s crypto markets: a Bitcoin dominance spike, where BTC pretty much lifts or drags most altcoins, and a close correlation between crypto and the state of the US economy.
BTC and ETH against gold and silver in the last month. (Source: TradingView).
But it isn’t just with macroeconomic factors that crypto is correlated with. During February, BTC and ETH have followed similar paths to gold and silver. All this suggests that the reason why crypto is crashing is not an internal weakness, but a set of external macro factors that affect not only crypto, but all sorts of financial assets.
The next section covers some coins that, despite this negative environment, are surging.
Coins surging despite crypto crash
DeepSnitch AI (DSNT)
Theories of why crypto is crashing are of a diverging nature, but no one knows for sure what is behind it. Yes, external factors seem to play a big role, but the internal psychology of crypto investors, especially the so-called “whales”, also has a significant impact.
Finding out the reasons behind a crypto market selloff, but more importantly, being able to predict when that will happen and to what extent, is something every investor yearns to do. Unfortunately, human analysis is limited. But AI can push those limits way farther.
This is what DeepSnitch AI does. The system, which is powered by a suite of AI agents that work as an “investment brain”, scans crypto data and transforms it into market intelligence. For instance, after a review of the latest data from wallet movements by SnitchScan, SnitchFeed, and SnitchGPT could predict the likelihood of an upcoming crypto crash.
Such a powerful tool will be available to more than half a billion crypto holders around the world.
Bittensor (TAO)
Why is crypto crashing while Bittensor is surging? The answer might have to do with some resilience in the AI coins sector, where TAO is among the leading tokens.
Indeed, between Feb. 11-16, while Bitcoin and big altcoins were struggling, TAO surged from $144.53 to 203.28, a remarkable 1-week 40% jump.
If TAO was able to put up such a performance with Bitcoin hovering under $70k, it is likely that the coin will regain its $250 mark of last month when BTC rises closer to $80k.
Stable (STABLE)
Another coin that is defying the broader market trend is Stable. Between Feb. 7-16 the coin surged from $0.015 to $0.030, doubling its price in less than 2 weeks. That’s a remarkable performance that is putting the coin on the brink of a new all-time high.
Both TAO and STABLE examples suggest that while it is relevant to ask yourself these days why crypto is crashing, it is probably a better question to ask which coins can still surge despite these bad times.
Conclusion
Why is crypto crashing? External macro factors seem to be the main reason. What seems certain is that, regardless of crypto trends, DeepSnitch AI is expected to have strong growth potential this year.
FAQs
Are Fed rate cut expectations part of the reason why crypto is crashing?
Yes, partially. Lower interest rates stimulate risk-taking and benefit crypto. DeepSnitch AI’s unique analytic potential will be able to gauge this impact with far more precision.
How advanced is DeepSnitch AI’s product development?
It is in the latest stages. Most of the AI agents are already operational and will be ready to be tested very soon.
What exactly is a 100x explosion?
That’s your wallet growing 100 times. With DeepSnitch AI’s massive adoption potential, this should happen before the middle of the year.
