The global cryptocurrency market experienced a sharp sell-off in the past several hours, erasing more than $100 billion in value as traders reacted to renewed macroeconomic uncertainty and profit-taking after recent rallies.
According to live data from CoinMarketCap and CoinGecko, total crypto market capitalization fell from roughly $3.69 trillion to $3.59 trillion, marking a decline of around 2.8–3.2% over the last 24 hours. Bitcoin led the downturn, slipping below key resistance near $68,000, while Ethereum dropped toward $3,400, dragging major altcoins lower.
Market analysts attribute the decline to a combination of factors, including concerns over potential institutional profit-taking following last week’s geopolitical headlines and renewed caution ahead of U.S. macro data releases. Despite the steep drop, overall trading volumes remained elevated, suggesting volatility rather than a structural shift in sentiment.
Even with this $100 billion reduction, total crypto capitalization remains well above the $3.5 trillion mark, reflecting how resilient digital assets have been compared to traditional markets under recent pressure. Traders are now watching Bitcoin’s ability to hold above the $67,000–$68,000 range as a short-term signal for broader market stability.
