Article Summary

**Crypto Market Plummets as $230 Billion Evaporates in Massive Selloff** The cryptocurrency market experienced a devastating overnight crash, with $230 billion wiped from total market capitalization as investor sentiment turned dramatically bearish. The crypto fear and greed index plummeted to just 28, signaling extreme fear among traders and investors across Bitcoin, Ethereum, and altcoin markets. This massive selloff highlights the volatile nature of digital assets and blockchain-based investments, affecting major cryptocurrencies, DeFi tokens, and emerging crypto projects alike. The sharp decline reflects growing concerns about regulatory pressures, macroeconomic factors, and institutional investor confidence in the cryptocurrency ecosystem. Bitcoin and other leading digital currencies faced significant selling pressure, with traders rushing to exit positions amid mounting market uncertainty. The dramatic value destruction demonstrates how quickly cryptocurrency markets can shift from optimism to fear, impacting everything from decentralized finance protocols to mainstream crypto adoption. Investors are now closely monitoring market indicators for signs of stabilization, as this latest crypto market downturn reinforces the importance of risk management in volatile digital asset trading environments.