According to ChainCatcher, according to CoinGecko statistics, the largest single-day drop in the crypto market value in 2024 was 8.4%, which occurred on March 20. Although there was a recent 4-day decline, which caused the total market value of cryptocurrencies to shrink from $2.44 trillion on August 2 to $1.99 trillion on August 6, these declines are not enough to be considered a market adjustment.

At the same time, the largest single-day correction experienced by the global crypto market in the past decade occurred on March 13, 2020, during the Covid-19 crash, with a drop of 39.6%. The massive sell-off caused the total market value of cryptocurrencies to plummet from $223.74 billion to $135.14 billion.