Crypto Market Crash: $100B Gone Overnight
The crypto market saw a sharp crash overnight as panic selling hit low-liquidity hours. Bitcoin dropped below $78,000, falling more than 7%, while Ethereum lost around 12%. In just a few hours, over $100 billion was wiped from the total crypto market.
The fall was mainly driven by global uncertainty. Tensions in the Middle East, news from Iran and Gaza, and a partial U.S. government shutdown pushed investors into risk-off mode. Low weekend liquidity made the sell-off worse, triggering stop losses and heavy liquidations worth over $1 billion.
Traders are now divided. Some expect further downside if global tensions continue, while others see this as a temporary panic before a recovery. As always, crypto remains highly volatile, and over-leveraged traders suffer the most.#WhenWillBTCRebound