Crypto Market Wipes out $410 Billion in 24 Hours as Altcoins Crash Hard
Crypto Market Wipes out $410 Billion in 24 Hours as Altcoins Crash Hard
Over the past 24 hours, the global crypto economy has shed significant value — dropping 7.41% to reach a total market capitalization of $3.74 trillion, a net loss of more than $410 billion since yesterday's intraday high. Among the top decliners, DEXE plunged 45.86%, while KAVA and FARTCOIN tumbled 42.68% and 40.49%, respectively.
Article Summary
**Cryptocurrency Market Suffers Massive $410 Billion Crash as Bitcoin and Altcoins Plummet** The global cryptocurrency market experienced a devastating 24-hour crash, wiping out over $410 billion in value as the total market capitalization plummeted 7.41% to $3.74 trillion. This dramatic downturn highlights the volatile nature of digital assets and blockchain investments. Altcoins bore the brunt of the market selloff, with DEXE leading decliners at a staggering 45.86% drop. KAVA and FARTCOIN followed closely, tumbling 42.68% and 40.49% respectively, demonstrating widespread panic across DeFi tokens and meme cryptocurrencies. This cryptocurrency crash represents one of the most significant single-day losses in recent months, affecting Bitcoin, Ethereum, and virtually all major digital currencies. The massive liquidation event underscores the inherent risks in crypto trading and blockchain investments. Investors are closely monitoring Bitcoin price action and market sentiment as the crypto ecosystem attempts to recover from this substantial downturn. The widespread altcoin massacre serves as a stark reminder of cryptocurrency market volatility and the importance of risk management in digital asset portfolios.
