Crypto Crash Today: Major Altcoins Plunge Amid Market Turmoil
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The crypto market is in turmoil as Bitcoin’s value fell below $59,000, down 3.9% in just 24 hours, reflecting heightened selling pressure. Ether and Solana have seen even steeper declines, dropping 4.6% and 7.3%, respectively. The global cryptocurrency market cap has shrunk by 4.1% to $2.28 trillion. This crash follows a massive sell-off in U.S. tech stocks, triggered by rising interest rate concerns in Japan and growing global economic fears. As geopolitical tensions mount and U.S. economic data rattles markets, the future of crypto remains uncertain.
