New Delhi, Feb. 5 -- The cryptocurrency market continued to tumble on Thursday, as digital assets extended their steep losses, wiping out more than $1 trillion from their total market capitalisation in just over three weeks.

The sell-off has sent shockwaves through the crypto ecosystem, affecting a wide range of tokens and raising fresh concerns among investors about market stability and the prospects for a near-term recovery.

The latest leg pushed Bitcoin below the $70,000 mark for the first time since early November 2024, highlighting the severity of the ongoing sell-off. This rapid erosion of market cap reflects broad-based pressure across major cryptocurrencies, not just bitcoin.

Investors have been pulling back from riskier assets...