Crypto Market Correction: Why BTC, ETH, SOL, XRP, Other Altcoins Saw $100B Liquidation

Crypto Market Volatility: BTC, ETH, SOL, XRP, and Other Altcoins Experience $100B Liquidation

The recent downturn in the cryptocurrency market has resulted in a significant loss of over $100 billion for investors. The market cap of the crypto space has dropped from $2.55 trillion at the beginning of the week to $2.45 trillion as of today. This sharp decline can be attributed to a correction in the market, primarily driven by Bitcoin losing its upward momentum. The panic selling can be attributed to the apprehension surrounding the looming macroeconomic events scheduled for the week.