Crypto market crash deepens as Bitcoin, Ethereum, XRP, BNB, Solana, Cardano and different altcoins lengthen losses. Traders and TradFi concentrate on AI-disruption fears, commerce struggle, and US-Iran geopolitical tensions.
Crypto market cap plunges one other 3% to hit a 2-year low of $2.18 trillion. Bitcoin value tumbled to $62,709 in the present day, now formally down 50% from its all-time excessive. Ethereum fell to $1,810 lows amid selloffs by Vitalik Buterin and whales.
Top altcoins XRP, BNB, Solana, DOGE, Cardano (ADA) and HYPE are crashing steeper, triggering widespread liquidations and bearish sentiment. On-chain analytics agency Glassnode and analysis agency 10x Research highlighted structural weaknesses and liquidity dangers that might drive additional value falls.
Crypto Market Crash as Bitcoin Price Tanks amid AI-Driven Stock Selloff
Bitcoin value broke beneath $63,000 after the US inventory market erased $800 billion amid AI-disruption fears. This occurred as Anthropic introduced that its AI assistant Claude can now streamline COBOL code, inflicting IBM inventory to tank 13%.
The “AI taking over the world” is changing into the consensus view in latest weeks, with corporations investing massively into AI developments. As BTC is transferring according to Nasdaq 100 and tech shares, Bitcoin value tumbled one other 4% $62,709 in the present day.
It’s official:
IBM inventory, $IBM, simply posted its worst day since October 2000 after Anthropic introduced that Claude can streamline COBOL code.
Today is the day AI turned dystopian for hundreds of thousands of individuals. pic.twitter.com/OHaVWbZrdT
— The Kobeissi Letter (@KobeissiLetter) February 23, 2026
In the final 2 days, virtually $850 million in prime crypto belongings have been liquidated through the latest market meltdown. According to CoinGlass information, greater than 121K merchants had been liquidated prior to now 24 hours.
The largest single liquidation order occurred on Aster, as somebody bought BTC lengthy place price $2.95 million. Over $300 million in lengthy positions and $85 million briefly positions had been liquidated prior to now 24 hours.
Bitcoin, ETH, SOL, XRP, HYPE, DOGE, ESP, BCH, FARTCOIN and ADA had been among the many most liquidated crypto belongings prior to now 24 hours. Sell stress eased barely however spot, derivatives, ETF, and on-chain indicators confirmed a defensive stance amongst merchants and TradFi establishments.
Glassnode Flags Structural Breakdown and Bitcoin Price Crash Risks
Glassnode indicators additional Bitcoin crash as on-chain metrics level to skinny liquidity, surging realized losses, and weak accumulation.
The Realized Profit/Loss Ratio (90D-SMA) is now beneath 1, indicating that short-term holders are realizing large losses. Glassnode claimed a break beneath 1 had sustained for greater than 6 months.
A restoration above the 1 mark had traditionally led to a constructive return of liquidity to the crypto market. Meanwhile, market members are watching the Realized Price close to $55,000 for a possible backside.
Crypto Market Crash to Intensify as 10x Research Predicts Bitcoin Fall in Coming Days?
Bitcoin choice expiry dynamics, political uncertainty, and positioning are converging, 10x Research indicated. It warns a few potential break beneath $60,000 within the coming days, intensifying the crypto market crash.
Analyst predicts Bitcoin value motion will stay difficult within the close to time period, as stablecoin development has stalled. The passage of the crypto market structure bill is not going to instantly improve stablecoin growth.
“Understanding the probability, flows, and incentive structure behind this setup is essential because when gamma turns negative and positioning becomes crowded, price moves can accelerate far faster than fundamentals alone would suggest,” 10x Research added.
Analyst Caleb Franzen claims Bitcoin value will file 80% drawdown this cycle earlier than rebound. Also, an increase in Bitcoin’s 200-week transferring common mustn’t imply the crypto market crash is sort of over.
Crypto analyst Ali Martinez shared a Bitcoin 3-day chart, highlighting a possible demise cross between the 50- and 200-day SMAs on February 27.
