The crypto market saw a sharp sell-off today, wiping out an estimated $140 billion in total value as risk-off sentiment intensified. Overall market capitalization slid into the roughly $2.46–$2.66 trillion range, pushing investor sentiment deeper into extreme fear territory.
Bitcoin dropped below $73,000, briefly touching around $72,884, breaking under its April 2025 low and extending its decline to nearly 40% from the October 2025 peak above $126,000. The move was driven by a wave of liquidations, large holder selling, and mounting macroeconomic headwinds.
Ethereum also fell through the $2,100 level for the first time since May 2025 and is now down about 30% year-to-date, as weakness across altcoins and the unwinding of leveraged positions intensified losses across major cryptocurrencies.
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