Understanding the Recent Downturn in Bitcoin, Ethereum, and Dogecoin Prices
The cryptocurrency market is experiencing significant turbulence today, with the values of Bitcoin, Ethereum, and Dogecoin reaching unprecedented lows. This decline is indicative of a larger market trend impacting a variety of risk-averse assets. Unlike the simultaneous drop seen during the October 2025 flash crash, the current downturn in BTC, ETH, and DOGE can be attributed to a cocktail of macroeconomic pressures, shifts in institutional demand, and global market instability.
Factors Behind the Decline in Bitcoin, Ethereum, and Dogecoin Prices
According to data from CoinMarketCap, the cryptocurrency market is currently in a downtrend, with the majority of digital currencies experiencing losses. Today, the overall market has decreased by over 6.2%, reducing its valuation to $2.43 trillion. Bitcoin spearheaded this crash, with its value dropping by approximately 7% at the time of reporting, subsequently dragging other major cryptocurrencies down with it.
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Reports indicate that a macroeconomic-driven selloff across global risk assets was a significant factor in Bitcoin’s price dip today. This decline occurred in parallel with major equity indices such as the Nasdaq-100 ETF (QQQ) and even gold, suggesting a market collapse driven by liquidity and interest rate concerns.
Bitcoin has experienced a substantial decline, losing over 42% of its value since its all-time high of over $126,000 in October 2025. Despite attempts to breach key resistance levels, Bitcoin has been unable to regain its previous highs, contributing to the underperformance of other major cryptocurrencies like Ethereum and Dogecoin, which often mirror Bitcoin’s movements.
As per current statistics from CoinMarketCap, Ethereum’s price has fallen by more than 7% in the last 24 hours, settling at nearly $2,100. This decrease is largely attributed to the overall risk-off sentiment in the market and Bitcoin’s downturn. Dogecoin has similarly suffered, dropping by over 6% to $0.10. While Bitcoin’s decline has added to the volatility, Dogecoin has been in a downward spiral since Q4 2025, with persistent bearish sentiment and heightened fear being key contributors to its erratic price behavior.
Moreover, the market capitalizations of Bitcoin, Ethereum, and Dogecoin have also fallen by over 5%. Bitcoin’s market cap stands at $1.43 trillion, Ethereum’s at $257.93 billion, and Dogecoin’s at $17.22 billion.
Influence of Macroeconomic and Institutional Dynamics
Macroeconomic pressures and political uncertainties in the United States have significantly influenced the recent dip in Bitcoin, Ethereum, and Dogecoin prices. In early February 2026, Bitcoin’s value dropped below $80,000 for the first time since 2025, sparking a wave of liquidations across leveraged positions in a single trading session.
This drastic movement coincided with growing uncertainties surrounding US fiscal policy and speculation over the potential appointment of Republican Kevin Warsh as the next Federal Reserve (FED) chair. Concurrently, Spot Bitcoin ETFs reported considerable outflows, signifying a pullback in institutional demand that had previously bolstered prices.
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