🚨🚨Today's hottest crypto news is about the massive drop in the crypto market over the last three days. The crypto market has lost around $510 billion in market capitalization since August 2. This decline coincided with poor performance in the stock market, including the S&P 500 which fell 4.4% in the same period (Cointelegraph).
➡️Bitcoin and Ether experienced significant declines, with Bitcoin down more than 20% in the past week and Ether down 28%. Liquidations in the futures market also reached more than $1 billion in the last 24 hours, with more than 275,000 traders liquidated (markets.businessinsider.com).
➡️In addition, Solana (SOL) experienced the biggest decline among the ten largest cryptocurrencies by market capitalization, falling more than 30% since July 30 (Cointelegraph) (markets.businessinsider.com).
➡️Another contributing factor is the massive selling by Jump Crypto, which has offloaded hundreds of millions of dollars in their crypto assets (Cointelegraph).
For more information, you can read the details on Cointelegraph, Markets Insider, and CoinDesk.
