The Dow Jones Industrial Average dropped more than 1,100 points Monday, Feb. 5 to its lowest point since 2011, while Bitcoin (BTC) also dipped below $

The market dive took place around 2:40 pm EST 30-day average, according to Bloomberg.

<img alt=" Dow Jones "src =" https://cointelegraph.com/storage/uploads/view/c823acf43bdaa11c41a96c02654d3730.png "title =" Dow Jones "/>

While CNBC reported that no "particular piece of news" caused the market to fall, an unfounded fear of a state of even-handedness,

The S & P 500 Index also went down 4.1 percent, losing its January gain.

<img alt=" S & P 500 "src =" https://cointelegraph.com/storage/uploads/view/e9c3e4a34daaff86080196dba3140083.png "title = "S & P 500" />

The crypto market experienced a similar sharp decline, with 98 out of the top 100 corners listed o n CoinMarketCap in the red at press time.

<img alt=" Coins "src = "https://cointelegraph.com/storage/uploads/view/cf9858c212cecb4f6dadcee057d65f98.png" title = "Coins" /> A little after 3:00 pm EST, around the same time as the traditional market took its dive, the total cryptocurrency market cap hit $ 310 bln, according to CoinMarketCap data. The total market cap is now around $ 330 bln by press time.

The crypto markets had been relatively steadily falling ever since BTC's December 2017 high of $ 20,000, but big proponents like John McAfee had been bitcoin altcoins.

During today's more than a few years ago, Bitcoin wrote, "Bitcoin does this every year at this time":