$130B Vanishes from Crypto Market in 24 Hours
Over $130 billion wiped from the crypto market cap in a day, triggering fear and sell-offs among investors.
- Crypto market cap dropped by $130 billion in 24 hours
- Bitcoin and altcoins see sharp declines amid panic selling
- Market volatility rises as investors await key economic signals
Sudden Shock: $130 Billion Erased from Crypto
In a stunning turn of events, the crypto market witnessed a dramatic crash, with over $130 billion wiped out from the total market cap in just 24 hours. This unexpected plunge has alarmed investors, sparked widespread panic selling, and reignited concerns about market volatility.
Leading cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and major altcoins saw steep losses, with Bitcoin briefly falling below critical support levels. The overall market downturn follows a series of negative macroeconomic signals and broader investor uncertainty.
What’s Causing the Crash?
The sudden decline in the crypto market cap is being attributed to a combination of factors. These include:
- Hawkish central bank commentary: Concerns over potential interest rate hikes continue to spook risk-on markets.
- Low liquidity: With lower trading volumes, even moderate sell-offs are amplifying price drops.
- Technical breakdowns: Major tokens breached key support zones, triggering automatic liquidations.
This combination of technical and fundamental pressures is creating a perfect storm for crypto prices.
Investor Sentiment Turns Bearish
Market sentiment has turned sharply bearish. Data from trading platforms shows a spike in liquidations and outflows, particularly from centralized exchanges. Fear and uncertainty are driving short-term traders to exit, while long-term holders are assessing whether this is a temporary correction or the start of a prolonged downturn.
Analysts suggest that unless macroeconomic conditions improve or institutional demand picks up, the market could remain volatile in the near term.
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