Why Is Crypto Down Lately? Bitcoin Crash Sends Shockwaves Across Crypto Market, Erasing $2 Trillion and Pushing Investors to Low-Cap, High Upside Gems like DeepSnitch AI

Bitcoin recently plunged to about $63,300, its lowest since October 2024. The downtrend accelerated a broader selloff that wiped roughly $2 trillion from the total crypto market cap. For those wondering “why is crypto down,” macroeconomic activities and selloffs could be the reason.

As fear grips the market, capital is rushing into genuine, high-utility innovative projects like DeepSnitch AI (DSNT). This AI powerhouse is defying the crash, proving its potential to stay bullish and dominate in the next cycle.

This is the ultimate signal. Experienced traders are already moving their capital into DeepSnitch AI, which is worth $0.03906. Also, they are taking advantage of the exclusive presale bonuses to supercharge their position before the window closes.

Bitcoin plunge triggers $2 trillion wipeout in crypto market value

Bitcoin plunged sharply on Thursday, accelerating losses as risk sentiment deteriorated across global markets. The world’s largest cryptocurrency dropped to $63,295, its lowest level since October 2024.

This selloff comes amid volatility in precious metals and a broad selloff in technology stocks. The downturn has wiped roughly $2 trillion from the total crypto market, which peaked at $4.379 trillion last October. 

Analysts say the selloff reflects deeper stress. Coin Bureau co-founder Nic Puckrin described the market as being in “full capitulation mode.” He warned that the move signals a prolonged reset phase rather than a short-term correction.

Overall crypto market is down, but three coins show resilience 

1. DeepSnitch AI (DSNT): The best 100X crypto to buy to recover from the downturn?

Despite the recent market cycle pullbacks, DeepSnitch AI remains one of the top gainers. The AI-based utility coin has maintained a steady uptrend, giving early holders over 153% in profits.

Also, DeepSnitch AI is in the fifth stage of its presale and is preparing for a major uptick. One factor fueling this bullish forecast is the AI tools. DeepSnitch AI has five AI agents that can evaluate market trends, scan smart contracts to ensure they are safe, and also evaluate whale movements and insider moves.

Four of the AI tools (SnitchGPT, SnitchScan, SnitchFeed, and AuditSnitch) and a real-time dashboard are currently live. Those who hold the DSNT coin can test it, find the best options, and also gain a headstart before its final launch.

Meanwhile, DeepSnitch AI is priced at $0.03906 and is expected to pump by 100X this cycle and over 300X if buying pressure skyrockets. 

The platform has four bonus codes (30%, 50%, 150%, 300%), which are suitable for both retailers and whale buyers. While some investors worry about “why is crypto down,” you can buy a $10,000 DSNT coin, use the 150% bonus, and see your portfolio grow to $652,741 if the DeepSnitch AI price increases to $1.

2. Seeker breaks out of downtrend 

Seeker, a Solana-based web3 coin that is affiliated with the Solana mobile device, is going against the market. CoinGecko data shows its price has soared by 38.9% on the weekly timeframe. 
As of February 6, the Seeker crypto was trading at $0.02613. The uptick comes amid the announcement of an airdrop campaign and acceptance of Seeker for Solana Mobile device purchases.

Despite the uptick, the Seeker price is still 53.1% below its all-time high of $0.05582. Yet, BLX forecasts that the Seeker coin price may rally to $0.062.

3. Zebec Network: Bulls push for a rebound

The Zebec Network has found support around $0.0015 after a short-term volatility wiped some of its recent gains. However, the Zebec Network price witnessed a pullback close to $0.0025 and was trading at $0.002036 on February 6.

Technically, the Zebec Network coin’s RSI reading of 22 shows it has dropped to the oversold region. So, the cryptocurrency’s price could increase in the coming weeks. Changelly predicts the Zebec Network price may rally to $0.0044255 in 2026.

Final verdict

Amid the broader market question of “why is crypto down,” DeepSnitch AI emerges as a potential refuge for investors who want to shield their portfolio. Investors are currently securing their assets by moving to coins that are performing well and could maintain their current uptick. 

You might want to consider DeepSnitch AI given its bullish presale performance. Despite being at the early stages, DeepSnitch AI has put forward a terrific performance: raising over $1.50M, giving early buyers over 153% ROI, and more than 34.2 million DSNT staked.

Currently priced at $0.03906, DeepSnitch AI might be the best crypto to buy today for huge future returns. While many are asking “why is crypto down,” savvy investors are taking advantage to accumulate coins with potential returns of 100X-300X.

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FAQs

1. Why is the crypto market going down?

Why is crypto down has been a top question in the crypto space in the past few weeks. Reasons crypto is down include short-term volatility in the conventional market, selloffs, and geopolitical tensions. On the other hand, DeepSnitch AI has been bullish, soaring by 153%.

2. Is it too late to invest in crypto?

Although the crypto market is over a decade old, many believe it still has potential to wipe out the current short-term volatility. However, it would be wise to invest in new low-cap projects like DeepSnitch AI, which could explode by 100X, giving holders massive returns.

3. Will crypto go up again?

Despite the market cycle pullbacks, some believe the return of institutional interest and favourable regulations could fuel a rebound. One of the cryptos to watch out for is DeepSnitch AI. Many traders say the AI-based coin could be among the top performers, giving investors over 100X-300X returns.