crypto crash: $2 trillion wiped out in global crypto market since last October and $800 billion lost last month? Cryptocurrency fall, analysts insights and market outlook explained. Here’s what should investors do now
$2 trillion wiped out in global crypto market since last October and $800 billion lost last month? The global cryptocurrency market has experienced a major downturn, with $2 trillion wiped out since October 2024 and $800 billion lost in the last month alone. Bitcoin fell to $63,295.74, its lowest level since October 2024, while Ether also recorded significant declines. Experts point to a combination of factors, including weak investor sentiment, volatility in gold and silver, a broad selloff in tech stocks, and large institutional outflows from crypto ETFs. The recent selection of Kevin Warsh as the next Federal Reserve chair has also added pressure, raising concerns about tighter monetary policies affecting crypto liquidity.
