Crypto Crash Update: $500B Gone in a Day

The crypto market has suffered a dramatic downturn, losing $500 billion in total value today. Bitcoin dropped below $36,000 (-15%), Ethereum fell 18%, and Solana was hit hardest, plunging over 30%.

Key drivers:

• Macroeconomic fears of a global recession and rising Japanese interest rates triggered a sell-off.

• Rumors of U.S. Bitcoin liquidations added to market panic.

• Institutional sell-offs and the release of Mt. Gox Bitcoin added pressure.

Over $1 billion in leveraged positions were liquidated, and the Crypto Fear & Greed Index fell to 26 (Fear). While short-term sentiment is bearish, long-term investors may see opportunities to accumulate.

What’s your strategy during this dip? Share below!