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Crypto market sheds more than $1tn in six weeks amid fears of tech bubble

More than $1 trillion (£760 billion) has been erased from the cryptocurrency market over the past six weeks as concerns about a tech bubble grow and expectations for a U.S. rate cut next month fade.
According to data from CoinGecko, which tracks over 18,500 digital assets, the total market value has dropped by roughly 25% since its early-October peak.

Over the past six weeks, the cryptocurrency market has shed more than $1 trillion (£760 billion) in value as tech-bubble worries intensify and hopes for a U.S. rate cut next month diminish.
Data from CoinGecko—covering more than 18,500 digital assets—shows the market has fallen about 25% from its early-October high.

The UK’s blue-chip FTSE 100 slid 1.3% on Tuesday, marking its fourth straight day of losses and its worst session since April. The Stoxx Europe 600 also dropped 1.8%, reflecting broad weakness across major European companies. In the U.S., Wall Street followed suit, with the Dow Jones, Nasdaq, and S&P 500 each down around 1%.

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