Why is the crypto market crashing today? $110 billion erased in hours

**Crypto Market Crash: $110 Billion Wiped Out as Bitcoin and Altcoins Plummet**

The cryptocurrency market experienced a devastating crash on October 21, erasing over $110 billion in market capitalization within hours. The total crypto market cap plummeted from approximately $3.75 trillion to $3.64 trillion as widespread panic selling dominated trading platforms.

Bitcoin (BTC) led the massive sell-off, with major altcoins following suit in a coordinated market downturn. The brutal liquidation event sent shockwaves through the blockchain ecosystem, affecting DeFi protocols, meme coins, and institutional crypto holdings alike.

This cryptocurrency market crash highlights the volatile nature of digital assets and their susceptibility to rapid price movements. Traders and investors witnessed significant portfolio losses as bearish sentiment overwhelmed bullish momentum across all major exchanges.

The dramatic market correction serves as a stark reminder of crypto's inherent volatility, with billions of dollars in leveraged positions likely triggering cascading liquidations. As the cryptocurrency space continues evolving, such market events underscore the importance of risk management and the unpredictable nature of digital asset investments in today's financial landscape.