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783 Why This Is the Worst Crypto Winter Ever

Slashdot
msmash @ Slashdot · 02/06/2026 05:30 EDT

Why This Is the Worst Crypto Winter Ever

Bitcoin has fallen roughly 44% from its October peak, and while the drawdown isn't crypto's deepest ever on a percentage basis, Bloomberg's Odd Lots newsletter lays out a case that this is the industry's worst winter yet. The macro backdrop was supposed to favor Bitcoin: public confidence in the dollar is shaky, the Trump administration has been crypto-friendly, and fiat currencies are under perceived stress globally. Yet gold, not Bitcoin, has been the safe haven of choice.

The "we're so early" narrative

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