The overall crypto market cap has dropped significantly, with major altcoins facing severe losses, highlighting ongoing market instability and liquidation risks.
The crypto market saw a drastic 7.3% drop, wiping out nearly $1.19 billion in liquidations. The total market cap now stands dangerously close to $3.5 trillion, with major altcoins experiencing significant losses. This downturn follows concerns over broader market instability, including credit market stress and geopolitical tensions, contributing to a fragile market sentiment.