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.
Eleanor Ashworth is editor-in-chief at BTCNews. A Cambridge-trained journalist with 18 years across the Financial Times, Reuters and the Telegraph, she joined the crypto beat in 2017 after covering the Bank of England and HM Treasury. She holds the SABEW Best in Business award (2022) and was shortlisted for the British Journalism Awards (2023). At BTCNews she sets the editorial line for Bitcoin and macro markets coverage, with a focus on institutional adoption, regulation and central-bank policy. Based in London.
