Over $2 trillion have evaporated from the crypto market. Bitcoin under pressure

The cryptocurrency market is once again under strong pressure from sellers. On Tuesday, the total capitalization of all digital assets dropped to $2.19 trillion, which means a loss of over $2 trillion. compared to the historic peak of October 7 last year. At that time, the market value reached USD 4.28 trillion.

Market capitalization is falling

The last attempt to rebound, which started on February 7 and lasted until February 22, did not bring a lasting improvement in the mood. Every upward move is met with opposition from investors who consider prices too high in relation to the real usefulness of cryptocurrencies. On Tuesday, market capitalization fell by 3.9%.

Bitcoin lost 4.7% in 24 hours, falling to 63.3 thousand. hole. During trading in Asia, the rate even dropped below 63,000. dollars, which is the lowest since February 6, when quotations approached 60,000. hole. On a weekly basis, the decline is 6.7%, and since the beginning of the year – as much as 27.8%.

Similar moves have been seen in other major cryptocurrencies. Ethereum fell by 4.5%. to the level of 1.8 thousand dollars, and XRP also by 4.5%, to $1.33.

Geopolitical tension

According to Matt Howells-Barby of the Kraken exchange, one of the pressure factors is renewed concerns about tariffs and rising geopolitical tensions. In his opinion, the level is 60,000. hole. provides key support for bitcoin. If not maintained, a move towards the mid to low 50k is possible. hole.

According to Glassnode data, the fundamental valuation of bitcoin, based on real transactions, was $54,704 on Monday. In turn, TheBlock indicates that on February 23, the value of real transactions amounted to 490,000. bitcoins. In January 2026, it was 12.12 million bitcoins compared to 11.38 million a year earlier.

For years, cryptocurrency growth has been supported by massive money printing as part of quantitative easing. Excess liquidity flowed not only to stock exchanges, but also to the digital asset market. Currently, however, the importance of the policy of quantitative tightening, i.e. withdrawing surplus money from the market, is growing. In such conditions, speculative market segments, including cryptocurrencies, become particularly sensitive to capital outflow.

Trillions of dollars have already evaporated from the market since the October peak. For comparison, this value exceeds twice the Polish GDP in dollars. The cryptocurrency market still remains volatile, and investors are closely watching the 60,000 level. hole. as a potential limit for further discounting.