The recent selloff in the cryptocurrency market can be attributed to events and dynamics within traditional finance (TradFi), rather than indicating an intrinsic crisis within the cryptocurrency ecosystem itself. This suggests that the decline in crypto asset values was influenced more by broader financial market trends, such as changes in interest rates, inflation concerns, or economic instability, rather than fundamental issues specific to the crypto space. In essence, while the selloff impacted cryptocurrencies significantly, it should not be interpreted as a reflection of their underlying technology or market viability, but rather as a response to external pressures emanating from the traditional financial system.
source: https://www.coindesk.com/markets/2026/02/11/crypto-s-latest-selloff-was-a-tradfi-event-not-a-crypto-crisis