Crypto Slump: Altcoin Prices Fall — Are VCs & Traders Finding Deals?

• Bitcoin dropped below 90k 
• Bybit suffered a theft of approximately $1.5 billion
• Binance appears to be engaging in an unexpected and rapid sell-off of ETH

The latest downturn in the cryptocurrency market has affected many altcoins such as Ethena (ENA), Stacks (STX), Worldcoin (WLD), Artificial Superintelligence Alliance (FET), Immutable (IMX), Theta Network (THETA), JasmyCoin (JASMY), Arbitrum (ARB), and Pyth Network (PYTH).

There could be several reasons for this, but it could also be just a normal price action. However, there’s no denying that wider global events (in and out of crypto) have for sure played a part.

Bitcoin’s Weakness and Economic Worries

For instance, even Bitcoin went below 90k for the first time since November last year, so it’s expected that the lesser known crypto coins will suffer too. 

Some experts believe that Bitcoin’s price fluctuations (as well as altcoins’) are likely influenced by current global economic uncertainties affecting most financial markets, largely stemming from Donald Trump’s announced tariffs.

Additionally, rising inflation and potential interest rate hikes have further dampened investor confidence…

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