🔴The crypto market experienced a sudden and aggressive sell-off within a four-hour window, wiping out an estimated $100–150 billion from total market capitalization.
Bitcoin and Ethereum led the decline, triggering broader weakness across altcoins. While no physical money “disappears,” this drop reflects a rapid repricing of assets as sellers overwhelmed buyers in a short time span.
What Actually Happened
Market Cap Loss: Around $100–150B was erased as prices fell sharply across major cryptocurrencies.
Liquidations: Billions of dollars in leveraged positions were force-closed, amplifying the downside move.
Speed of the Move: The sell-off occurred in hours, not days, increasing panic and volatility.
Why the Market Dropped
Several factors likely combined:
Profit-taking after recent rallies
High leverage in futures markets
Macro uncertainty and risk-off sentiment
Cascading liquidations accelerating losses