In the volatile world of cryptocurrency, sharp declines can happen overnight, leaving investors scrambling for answers. Today, the total crypto market capitalization has plunged by $58 billion, hovering around $2.91 trillion after failing to hold above $3 trillion. Bitcoin (BTC), the market leader, has slipped to approximately $87,000, dragging altcoins like Midnight (NIGHT) down by a staggering 28% in the last 24 hours. If you’re wondering , this comprehensive breakdown covers the key triggers, technical insights, and what to watch next.

Market Snapshot: A Sudden Reversal After Recent Highs

The crypto market was riding high just days ago, with Bitcoin briefly surpassing $100,000 and the total market cap testing $3 trillion. However,…