The global cryptocurrency market saw a sharp sell-off, losing nearly $200 billion in value within 24 hours. Major digital assets were all trading in the red, reflecting broad market weakness.
Bitcoin dropped more than 5 percent, while Ethereum fell close to 7 percent. Other leading cryptocurrencies, including Solana and XRP, also recorded significant losses. Smaller tokens were hit even harder, with many posting double-digit declines.
Market trackers showed widespread selling pressure, with almost every major chart turning negative. Analysts say rising volatility and investor caution are driving the sudden downturn, though no single trigger has been identified so far.
The sharp fall highlights the continued uncertainty in the crypto market, where prices remain highly sensitive to global economic signals and investor sentiment.
