The crypto market has just experienced one of its most violent downturns in months. After reaching an all-time high of $109,000 on January 20, Bitcoin plummeted by 28%. This drop wiped out billions of dollars in market capitalization in a matter of weeks. Such a brutal reversal comes amid an environment of economic tension and turmoil in the financial markets. But beyond a mere technical correction, several major events contributed to this decline. From macroeconomic fears, record cyberattacks, to political disillusionment, let's look back at the causes of this tumble and its implications.