Group 1 - Bitcoin experienced a significant price drop, falling from highs above $126,000 to below $70,000, briefly reaching the low $60,000s, erasing all gains since President Trump's election [1][2] - The recent sell-off has surprised many investors who anticipated that a crypto-friendly administration would support price increases, highlighting Bitcoin's vulnerability to demand shifts and broader market trends [2][3] - The current downturn is notable due to the increased integration of cryptocurrency with the broader financial system, including the introduction of spot bitcoin ETFs, which has made it easier for everyday investors to participate [5] Group 2 - The current market environment has been described as a severe crypto winter, reminiscent of the downturns experienced in 2018 and 2022, but with a different context due to the interconnectedness with traditional financial markets [4] - Companies holding large amounts of bitcoin have linked crypto price fluctuations more directly to stock markets, which amplifies the effects of price declines [5] - Some investors face personal financial pain, particularly those who borrowed money to invest in Bitcoin, indicating the risks associated with leveraging in volatile markets [6]