The Kobeissi Letter|Feb 05, 2026 21:58
What is happening in crypto?
Since October 10th, crypto markets are now down -50%, erasing $2.2 TRILLION worth of market cap.
Bitcoin has officially erased ALL of its post-election rally, now down -10% since Trump's election.
Why is it crashing? Let us explain.
(a thread) (The Kobeissi Letter)
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