Why the Crypto Market is Crashing Today: $120 Billion Wipeout and Bitcoin’s Big Drop
The crypto world is in red today. The total market cap has lost over $120 billion in just 24 hours. It now sits near $2.98 trillion, down from the key $3 trillion level. Bitcoin leads the fall, dropping below $90,000. Monero sees the worst hit, falling 21% under $500. What’s behind this sudden crash? Let’s break it down step by step.
The Shocking Numbers: How Bad Is the Crypto Market Dip?
The total crypto market cap, often called TOTAL, crashed hard. It lost $120 billion fast. This pushed it below the important $3 trillion mark. Now, it’s hovering around $2.98 trillion.
- Bitcoin (BTC): Down 3.6%, trading at about $89,225.
- Monero (XMR): Worst performer, down 21% to $491.
- Overall Market: Broad selling shows investors are scared.
This kind…
