The global crypto market continues to face a major washout, with some of the world’s biggest digital assets in a steep freefall from their all-time highs. Bellwether Bitcoin saw nearly $2 billion worth of leveraged positions liquidated, dragging the token to a multi-month low on Thursday. The original cryptocurrency had touched a record high just last month, but has since slumped 34.5% from its peak of $1,26,080 to $82,468 today.

Other major cryptocurrencies are facing similar corrections, with Ethereum falling 45% to $2,709.75 since hitting its all-time high of $4,946.05 in August 2025, as per the CoinGecko data. The crash has dragged down the overall m-cap of the crypto market to below $3 trillion for the first time since summer…